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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mears Group PLC | MER | Aquis Stock Exchange | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade | |
|---|---|---|---|---|
| 0.00 | 0.00% | 372.50 | 06:46:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 372.50 | 372.50 | 372.50 | 372.50 | 372.50 |
| Top Posts |
|---|
Posted at 08/8/2024 13:43 by thebd11 Peel..."Mears (MER LN) (Hold TP 380.0p) Strong 1H24 performance: new guidance drives 9% FY24 revenue increase... 1H24 PBT was £30.5m (+44% YoY), which is slightly ahead of our estimate. Adjusted EPS rose 68% (organically) and DPS increased 28% to 4.75p. The company reported strong cash generation, with average net cash of £66m. There are no major surprises in the trading commentary. We expect investor focus is likely to be on the increased guidance (following another positive trading update in June). The company now anticipates FY24 revenue to be c.£1.1bn (versus our prior estimate of £1.0bn) and adjusted PBT to be £53-55m (versus our prior estimate of £50m). The outperformance is driven by the visibility through FY24 (most specifically the asylum seekers volumes). We increase our FY24E PBT forecast from £50m (cons: £50m) to £54m, to give EPS of 41.1p. It remains challenging to assess when the elevated contract volumes will normalise. However, we also increase our FY25E PBT estimate from £39.0m (cons: £38.7m) to £42m, to give EPS of 32.2p. The shares have drifted down on concerns regarding government asylum policy uncertainties and currently trade on 11.2x December 2026E EPS." |
Posted at 08/12/2022 11:41 by spooky There has been a seller here for a while, not sure where he went when they had the recent flash up to 210. I don't think the market has fully appreciated the changes at the company over the last couple of years, particularly the improvement in the balance sheet. Not a sector/business activity that people are falling over themselves to invest in which doesn't help. I also suspect that potential investors are being influenced by earnings forecasts for next year but i expect those to be upgraded as we go though the year. Too cheap IMO. |
Posted at 03/5/2022 11:03 by km18 Mears Group encompasses divisions providing housing services, where repairs are delivered, and capital works are developed to ensure building safety while reinforcing housing maintenance. Given the ample housing services offered, the firm was able to enhance its diversified funding structure, enabling the firm to derive a robust revenue recovery of 9%, which in turn led to a solid adjusted profit before tax of £25.6m. Considering that the group incurred a loss of £3.4m the previous year, the firm managed to optimise operating activities effectively, supported by the attractive profit rally and followed by a surge of 117% in net cash performance. This plausible market news was positively incorporated into the firm’s P/FCF of 4.6x, which is trading in 4th place within the Professional & Commercial services industry, thus ahead of most competitors. Consequently, it implied that, a wide variety of stakeholders, agencies and property viewers are interested in the firm’s housing services. As a result, EPS growth reached 37.5% and EV/EBITDA grew to 4.66x, capturing organic growth and intrinsic value, hence yielding substantial returns for investors. This evidence is supported by the Dividend yield of 4.55% since the firm has adopted a conservative dividend policy to reward shareholders for their investments. Despite the firm’s emerging financial position, the security is undervalued, illustrated by the P/E of 10.1x, lower than the Industrials P/E ratio of 22.7x, thereby it is expected to surge in value. |
Posted at 12/4/2019 07:06 by ch1ck Great article in Investors Chronicle as a contrarian buyI'm in |
Posted at 22/5/2018 17:53 by okosling Tipped in Investors Chronicle last week:"Following the fire at Grenfell Tower last year, Mears twice reduced its revenue expectations as local authorities undertook reviews and put discretionary spending on hold. However, with reviews now complete, and Mears well placed to benefit from an increased focus on health & safety, there are reasons for guarded optimism. Meanwhile, the care business has been restructured and has exited problem contracts, which helped to return the division to profit in the second half of 2017. We think the value now on offer makes the shares hard to ignore." |
Posted at 08/11/2012 23:02 by spacecake 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. |
Posted at 26/1/2012 16:46 by spacecake Business and environmental groups have welcomed the Court of Appeal's decision to uphold a ruling that government cuts to household solar subsidies are illegal. Three judges ruled on Wednesday that parliament did not have the power to change "with such a retrospective effect" the "feed-in tariffs" paid to homes, businesses and communities for generating small-scale renewable electricity. The government must now pay the solar industry's legal costs. It will also have to pay its original higher subsidy for customers who install panels between mid-December and early March a cost that could eventually run into tens of millions of pounds. The number of installations soared 10-fold between the announcement in late October and the cut-off point on December 12, rising from 220 a day to 2,376 a day, according to new figures from the Department of Energy and Climate Change (DECC). The total for the six-week period of 102,183 was not far short of the 127,474 installed in the previous 18 months. Caroline Flint, shadow energy secretary, described the uptake as a "gold rush". "The government has wasted time and money fighting the High Court ruling and created huge uncertainty, putting thousands of jobs in renewable energy at risk," said Ms Flint. The industry employs an estimated 29,000 people. The decision is a fresh embarrassment for Chris Huhne, the energy secretary, who is already under pressure over allegations that he asked his wife to take speeding penalty points for him several years ago. The verdict means solar subsidies will be halved from March 3 giving investors a three-month delay before the cuts come in. The High Court ruled last month that ministers had acted illegally by moving rapidly to cut the money paid to anyone fitting a small solar system from 43.3p to 21p per kilowatt hour. A government consultation was due to end on December 23 nearly two weeks after the December 12 cut-off date. As a result, the industry was given only six weeks' notice that its support would be slashed. John Cridland, director-general of the CBI employers' group, which has been scathing about the way the announcement was handled, said the "high-growth sector" needed much greater certainty in the future. The case was brought by Friends of the Earth, the environmental group, and the Solarcentury and HomeSun solar companies. Daniel Green, chief executive of HomeSun, said the campaign had been backed from "everybody from the National Trust to the Church of England". A DECC spokeswoman said the government was still "considering our options" prompting speculation that it could seek to lodge a second appeal with the Supreme Court. There may now be a renewed rush to install panels before March 3, although the statutory organisation Consumer Focus pointed out that installation and registration typically took four weeks. |
Posted at 12/9/2011 08:52 by spacecake Hi, I'm new to this company as an investor and was wondering if Mears would benefit from the green deal proposals currently under discussion. Big chunk of money available for accredited advice and installers which Mears could hop on to. |
Posted at 21/4/2011 05:49 by simon gordon Commnent from the Artemis Small Cap March factsheet:"The only real detractor to the fund's performance in March was from our holding of social housing maintenance group, Mears, where investors were upset that the expected annual profit forecast was only met by a change in the treatment of their pension assumptions." |
Posted at 02/10/2010 21:55 by melody9999 It seems that MER must have been fairly busy when CNT unwound what with B Gas and Jackson Lloyd. My guess is that we will get some CNT related business. But until the i s are dotted and the t s crossed - meaning we have done the due diligence on any contracts that we take over - then there will be no news. I like the way these guys do business - rather than diving in like Morgan Sindall - lets take our time - it feels good to me and it should attract new investors too. |
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