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ME Group

September 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MEGP
  • Price:
  • 159p
Me Group’s results were in line with previous upgrades with sales +25% to £144m and pretax increasing 37% to £27.2m. Eps rose 23% to 5.3p. Net cash fell around £10m to £24m due to capex on new laundry machines and more spares required. The photobooths and biometric ID business  grew sales 25% to £84m driven by price rises and increased usage while it now expects to roll out 1,000 next generation photo booths this year rising to 3,000 in both FY’24 and ‘25. In laundry, revenue rose 37% to £37.8m driven by higher usage and a 16% rise in the installed base. Roll-out run rate is currently 50-60 a month, slower than previously targeted due to supply chain issues but it should pick up as these issues abate. Forecast is for ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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