Ahead of today’s AGM, Photo-Me have issued a trading update for the five months to the end of September. Trading has been in-line with expectations and the Group is continuing to successfully pursue strategic objectives across all segments as well as re-structuring the Japanese photobooth business in order to position it for a return to growth. The Group remains highly cash generative and even with the dividend held steady in 2019, offers a dividend yield of 8.5%. Our forecasts for FY20
24 Oct 2018
AGM Trading Update
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AGM Trading Update
ME Group International plc (MEGP:LON) | 168 8.4 3.1% | Mkt Cap: 633.3m
- Published:
24 Oct 2018 -
Author:
Denese Newton -
Pages:
6
Ahead of today’s AGM, Photo-Me have issued a trading update for the five months to the end of September. Trading has been in-line with expectations and the Group is continuing to successfully pursue strategic objectives across all segments as well as re-structuring the Japanese photobooth business in order to position it for a return to growth. The Group remains highly cash generative and even with the dividend held steady in 2019, offers a dividend yield of 8.5%. Our forecasts for FY20