Mears Share Discussion Threads

[skinny] 13/8/2013 09:32

Canaccord Genuity Buy 420.13 430.25 440.00 490.00 Reiterates

[skinny] 13/8/2013 09:31

Financial:
· Revenue increased by 49%.
· EBITA to cash conversion at 100% (2012: 100%) for the rolling 12 month period to June 2013.
· Strong Balance sheet.

Social Housing Division:
· Revenues grew by 76%, including strong organic growth of 17% to £378.9m (£215.0m).
· Operating margin delivered at 3.7% - a blend of a Mears margin at 5.6% (2012: 5.0%) and Morrison at break-even.

Care Division:
· Revenue increased by 8% to £60.5m (2012: £56.1m) as a result of the acquisition of ILS.
· Operating margin maintained at 8.1% (2012: 8.1%).
· Acquisition of ILS enhances our higher acuity care offering.

Group Outlook:
· Order book of £3.8 billion (2012: £2.7 billion). Solid pipeline of new opportunities.
· Full visibility of consensus forecast revenue for 2013 and in excess of 85% for 2014.
· Two new infill acquisitions to develop further our housing management offering.

[hyden] 12/8/2013 17:12

Spiked just before close. Someone knows something I don't?

[hyden] 12/8/2013 14:45

Sold out for now. Nothing other than nervousness ahead of tomorrow. The shares have enjoyed a good run of late and I'm nervous that anything other than an outstanding statement may cause a short-term retreat to c. 375p. I don't normally sell out at whim but I've been wrong-footed too many times this year by simply holding on that I thought I'd chance it this time around.

[marknicho] 12/6/2013 14:15

Another test of 380p coming perhaps?

[hyden] 14/5/2013 22:09

Looks like the recent weakness was unfounded. Glad I held on now.

[silmanesque] 15/4/2013 16:06

I suspect that they are now starting to find out what they have really bought!

[sparkymoc] 04/4/2013 19:17

Anyone know a reason for the recent dip? Seems to be on the slide now for a couple of weeks. Could be a decent opportunity.

[edale] 16/3/2013 10:01

Results due Tuesday 19th Mch.

[cambium] 28/2/2013 16:48

Bought more here

[silmanesque] 31/1/2013 11:53

Is it possible that Peel Hunt, Canaccord Genuity, Investec etc in raising their expectations from hold to buy and forecasting higher target prices have not taken in to account what Mears have actually bought at Morrison FS.
Morrison were loss making, and I suspect that the depth of the black hole may not be understood yet.
I don't know, of course, but there are similarities to Connaught and Rok here.
I will not be adding them to my portfolio for at least another 6 to 9 months when they have had time to ascertain what sort of a tiger they have by the tail!

[spacecake] 22/1/2013 11:41

Thanks to the banks social housing is growing and a quick look at job centre plus will find lots of vacancies for carers ... !!!

[parttime] 19/1/2013 15:32

Good luck Space,

I'm in, looks like a solid company and worthy for a re-rating over the next 12 months.

Better return than cash left in the bank, imo..

[spacecake] 16/1/2013 10:56

IC

Social housing and domiciliary care specialist Mears Group (MER) says trading remains solid and it has grown its order book from £2.6bn to £3.8bn, with 88 per cent of consensus forecast revenues for 2013 in the bag already. Buy.

[spacecake] 15/1/2013 20:42

Nice update today... steady progress with increasing order book, upbeat on full year, robust pipeline and steadies the Morrisons ship.

[spacecake] 15/11/2012 16:43

Volume increasing and still on the up.

[spacecake] 12/11/2012 16:46

up on a down day... again!

[spacecake] 09/11/2012 14:10

Steady progress from the company and the share price.

[turborock] 08/11/2012 23:55

Not a huge increase from here

[spacecake] 08/11/2012 23:02

Mears Group (LON: MER)'s stock had its "buy" rating restated by analysts at Investec in a research report issued to clients and investors on Thursday. They currently have a $5.20 (325 GBX) price target on the stock.

[hyden] 04/9/2012 20:20

Near to it's twelve month highs now. It would be nice to see it take out 290 this week. :-)

[spacecake] 04/9/2012 19:28

Its ticking up even on a down day for the market - nice

[spacecake] 25/8/2012 16:34

Tipped in IC - solid growth stock.