ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

MER Mears Group Plc

391.00
4.00 (1.03%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mears Group Plc LSE:MER London Ordinary Share GB0005630420 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  4.00 1.03% 391.00 103,048 16:29:42
Bid Price Offer Price High Price Low Price Open Price
390.00 391.00 393.00 385.00 385.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Bldg Clean & Maint Svc, Nec 959.61M 29M 0.2640 14.81 429.44M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:15 UT 26,107 391.00 GBX

Mears (MER) Latest News

Mears (MER) Discussions and Chat

Mears Forums and Chat

Date Time Title Posts
07/5/202419:26Mears3
07/5/202411:05A pure Jim Slater Stock2,016
15/4/201316:06Mears2
12/11/200818:01Merrill Lynch5
14/2/200808:02 Mears Group-

Add a New Thread

Mears (MER) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-05-10 15:35:15391.0026,107102,078.37UT
2024-05-10 15:29:56391.0013.91AT
2024-05-10 15:29:56391.0013.91AT
2024-05-10 15:29:42391.004201,642.20AT
2024-05-10 15:29:42391.004281,673.48AT

Mears (MER) Top Chat Posts

Top Posts
Posted at 10/5/2024 09:20 by Mears Daily Update
Mears Group Plc is listed in the Bldg Clean & Maint Svc, Nec sector of the London Stock Exchange with ticker MER. The last closing price for Mears was 387p.
Mears currently has 109,831,369 shares in issue. The market capitalisation of Mears is £429,440,653.
Mears has a price to earnings ratio (PE ratio) of 14.81.
This morning MER shares opened at 385p
Posted at 07/5/2024 19:26 by standish11
Deutsche Bank start coverage with Buy rating, price target of 425p.
Posted at 07/5/2024 11:05 by ppreston1
Deutsche Bank starts Mears with 'buy' - price target 425 pence
Posted at 11/4/2024 16:04 by qs99
Absolutely

Share buy backs should be squeezing this higher as well IMO/DYOR
Posted at 11/4/2024 09:50 by qs99
Indeed, c.£300m EV, with pre IFRS16 EBITDA at c.£118m....

Continued share buybacks will help, nice yield, let's hope there is more of the TAM for it to pick up and also improve margins....DYOR
Posted at 15/1/2024 12:12 by johndoe23
By my calcs, could be an EV of 390M going forward.Based on a cash adjusted forward PE of 12, a share price of 500p could be achieved. And that could be Conservative! DYOR.
Posted at 11/1/2024 08:21 by qs99
So c.£343m market cap per ADVFN
Net Cash £105m AFTER last year's spend on share bb and divis of nearly £50m!
EV c.£240m say
£1bn revenues
FY 22 EBITDA post IFRS 16 adj was c.£95m

So EV/EBITDA ratio is just ludicrous IMO with this sort of cash generation no?

DYOR/Views?
Posted at 11/1/2024 08:07 by jamesgreenbury
Extraordinary cash performance given £49m spent on dividends and share buybacks in 2023.
Posted at 02/1/2024 08:25 by qs99
really quiet board

have bought a load today and will continue to invest as IMO this just looks the wrong price & nice yield as well to help out....

DYOR
Posted at 03/8/2023 08:55 by johndoe23
Looks decent! Any forecasts anyone could share going forward?
Posted at 08/12/2022 10:02 by sphere25
The upgrades keep coming and they are confident on next year too. Alot of doom and gloom already in the price here.

In this challenging environment, not only continued performance, but continued outperformance. Defensive, value, shift from growth to value of late, decent yield, not burdened with debt. They were getting so much work they had to turn it down. There could have been even more outperformance as the last report showed labour issues stifling further growth.

After all that, it still doesn't go anywhere - just farts about in a range. Maybe the economic downturn will end up being severe.

OBR forecasts for growth:

2023: -1.4%
2024: +1.3%
2025: +2.6%

Unemployment to peak at 4.9%. Perhaps all that is miles off the mark with much stickier inflation and higher rates, or higher for alot longer than expected and maybe that also feeds into the likes of MER. If those figures are wrong but not miles out, then there is hope next year for many companies. It is just difficult to call the exact bottom.

The wider markets aren't pricing in a severe downturn, that's for sure. It makes you wonder why MER doesn't attract at least a multiple of ten. Clearly not going to get a punchy multiple here, but just looking at some basic numbers:

-->Profit to come in at £33.5m
-->Average daily net cash £40m
-->Versus market cap of £215m

It is almost being priced to go bust. Clearly must be missing alot for it not be at least somewhere in that 250p-300p range on a small multiple expansion.

I find it hard to not trade these sorts of charts, but I am in, and staying in. Maybe it won't bore your brains out someday and pop sharply higher. Perhaps some stale bulls to clear first.

Until then...

Yawn.

All imo
DYOR
Mears share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock