Updates

ME Group

February 2025

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.

In a positive update ME Group expects full year sales of not less than £318m (+7% year-on-year), with pretax profit not less than £73m (+10%) or £75m excluding FX impact, a record for the group. Net cash increased to £38.2m despite capex of £53m and dividends of £28m. The most significant development has been that the Laundry division has reached a tipping point in terms of greater scale with revenues rising c. 21%, helped by a record number of machines (1,111) installed including relocations and in line with its expectation of 80-90 installs per month. The Photo business has performed as expected with revenue increasing c. 4.4% with next generation booths continuing to be rolled out broadly as planned. Peel Hunt, wh ...

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Topps Tiles - Like-for-like sales +12.9% last five weeks

Costain

ME Group - New Peel Hunt note has 350p price target (August 2024)

ME Group - Highly profitable laundry business accelerating roll-out (April 2024)

ME Group - Profit at top end of guidance (January 2024)

ME Group (September 2023)

ME Group - Lifted guidance implies 40%+ PBT uplift (August 2023)

ME Group (April 2023)

ME Group (Photo-Me) - Announces 6.5p special dividend (September 2022)

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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