RE: Trading Update26 Jun 2025 09:39
From today's Shares Magazine in an article entitled "Hold tight on ME Group International after it invites bids":
"Founder and largest shareholder Serge Crasnianski owns 36.5% of the shares, which means the family will have a big say on any offers that land on the table. While a 42% return is not to be sniffed at, we would hold out for a higher price." (the share has gained 42% since tipped by the magazine).
also "ME Group is a high quality, cash generative business with strong growth coming from the roll-out of its automated laundry machines. Any potential buyer would need to pay a decent ‘control premium’ to the undisturbed stock price to get the approval of shareholders."
FWIW, I think there's either a big offer being discussed with the family, or else it's purely speculative to see if anyone has an interest ahead of any potential future expansion / investment. But I guess that's stating the obvious really! Interesting times here though, for sure!