ME Group Share Price (MEGP)

Https://knowledge.sharescope.co.uk/2026/06/19/screening-for-my-next-contrarian-winner-me-group-lse-megp/

Way oversold imo.

Am hoping that the sell off from the trading update is a little bit overdone. H1 turnover was 2% up despite the April fall off - and we know May recovered plus the war seemingly drawing to a close (if that was an issue).

Top end of the revised estimate is still the same profit as last year. This company has cash on the balance sheet and generates cash each year. I like they are aggressively buying shares at these prices too (buy backs should be used in instance like this imo)

Obvious problem child is photo, down 6% in half 1. But we knew this is shrinking and being replaced by Wash increases. I think there is a natural size for photo, less than where we are but it should level at some point.

I would like to see a me group app and multiple vending offerings that all can link into that. Offers and geo features - find nearest available machine (even product available).

Have said this before but this doesn't get taken out by AI, there already is the network spread over a large geographical area with first mover advantage.

Would like to see some commitment at this level before considering.

The dividend is good and the business is highly cash generative. The laundry expansion continues apace and there is huge global potential. Photo booths are in slow decline but have proven more resilient than many commentators have suggested.

I think we will see 140p before the year is out and hopefully better trading ahead. Donnie just needs to show the goat lovers who is in charge