Updates

ME Group

April 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.

The shares hit a new high of 143p after strong results for the year ended October. ME (formerly Photo-Me International) said revenues grew 21% to £260m while EBITDA and pretax profit jumped 78% and 90%, respectively, to £84.9m and £53.1m. Within photobooths (55% FY’22 EBITDA) sales rose 25% as activity levels improved, boosting photobooth utilisation rates following the lifting of Covid-19 restrictions while price rises were introduced in France, Germany and Austria. Its new 5-year plan calls for 10,000 next generation multi-service photobooths installed by 2025 with 3,000 in France by October 2023, while targeting new strategic partners at high footfall locations. Further upside could come from Asia, where China has belatedly li ...

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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.

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