Mears Share Discussion Threads

[cambium] 05/7/2004 19:44

Look at the earnings growth record over the past 4 years:

0.6p, 3.81p, 4.64p, 6.26p, 8.0p (forecast but the company says it will beat expectations and H1 results are not out yet). My bet is that Arden Partners estimates of 8.6p will be beaten. They have achieved compound earnings growth of 30%+ over the past 3 years (if I'd gone back four years it works out around 130% but going back 3 years give a fairer assessment) and they will be doing 30%+ this year too.

That is excellent long term earnings growth from a company that doesn't have a volatile earnings stream but a nice steady one.

My guess is that they do nearly 9p eps this year, next year's estimates will be upped by a penny at least from 9.74 to 10.74p. That forward PE of below 16 will look attractive come the interims imo. A very good earnings growth record, tried and tested. Lots of government sector work and business not affected by cyclicals.

My bet is a new high before the interims by the end of August

[brindy] 05/7/2004 19:16

Back to and beyond recent high ! Needs 11% first and then some.

[brindy] 05/7/2004 18:58

Hope you're right CR - recently bought @ 170 for recovery.

[cockneyrebel] 05/7/2004 18:53

simon gordon.

Yep, the PE might not be low but this os a pure Jim Slater Zulu stock.

Look at the earnings growth record over the past 4 years:

0.6p, 3.81p, 4.64p, 6.26p, 8.0p (forecast but the company says it will beat expectations and H1 results are not out yet). My bet is that Arden Partners estimates of 8.6p will be beaten. They have achieved compound earnings growth of 30%+ over the past 3 years (if I'd gone back four years it works out around 130% but going back 3 years give a fairer assessment) and they will be doing 30%+ this year too.

That is excellent long term earnings growth from a company that doesn't have a volatile earnings stream but a nice steady one.

My guess is that they do nearly 9p eps this year, next year's estimates will be upped by a penny at least from 9.74 to 10.74p. That forward PE of below 16 will look attractive come the interims imo. A very good earnings growth record, tried and tested. Lots of government sector work and business not affected by cyclicals.

My bet is a new high before the interims by the end of August - good 10% upside in that time imo.

CR

[badtime] 05/7/2004 17:52

MER..''FOR WIDOWS AND ORPHANS''?..u sure u got that right? :) I hold and am neither :)

[hosede] 05/7/2004 17:11

Simon
they have sustained a huge growth rate for several years and have a massive forward order book running up to 2015! ERG (a) do not yet have the track record and (b) are not really in the same business - they push paper in the main while MER do a lot of building (repair) work. ERG may be an exciting prospect but MER is for widows and orphans (I hold both)

[simon gordon] 02/7/2004 16:39

The trend is excellent - but are they good value?

I think the forward PE is around twenty - expensive.

[popout] 02/7/2004 14:34

Don't think they will any lower than the opportunities presented this week so got in at 170 today. Looking forward to results end of August they have never dissapointed yet, onwards and upwards comrades.

Baz

[cambium] 01/7/2004 21:46

Let the trend be your friend simon, Ill have MER every day

[simon gordon] 01/7/2004 17:55

I have been comparing Mears to Erinaceous and Erinaceous(ERG) adds up to better value.

Check it out!

I would be interested in reading some comparisions as I am not fully dug in on Mears.

[cockneyrebel] 01/7/2004 11:22

Just caught the dip - anyone else?

CR

[popout] 23/6/2004 20:47

All very well blaming the MER resemblance but who is to say that it has nothing to do with that?

An extremely good run is always followed by a fall. It could well be the MER resemblance, it could be - and most probable - profit taking..... or .........it could be something that us meer mortals are presently unaware of.

Only time will tell, but certainly if they fall to 160 I for one will be back in that is a certainty!

[rogerjc] 23/6/2004 13:49

Ample (III) used to mix them up all the time, they kept making the excuse that it was their news source and not them that was to blame. Its now been sorted out over there thanks to a concerted effort by the BB users. If we all complain long enough and hard enough they will get fed up and it will be put right!

[hosede] 22/6/2004 10:24

Yes you would really think that ADVFN could now distinguish between LSE:MER and AMEX:MER. I E-mailed the Co. twice about this but didn't even get a reply!

[red army] 21/6/2004 23:18

I am convinced that this share due to the epic code gets mixed up with the news of Merril Lynch and the news that is attached to it.
this price has dipped before on Lynch news.

[sunburst] 21/6/2004 22:24

It's clear, me dears.....
there ain't no tears,
but only cheers
for those who buy
the sainted MEARS

[badtime] 03/6/2004 18:52

hmmm...think i will top up

[cambium] 03/6/2004 10:09

Mears doesn't dip, just top up anyway! ;o)

[hosede] 03/6/2004 10:00

This is really boring - when are we going to get a dip to top up in ?:-)

[badtime] 02/6/2004 18:55

Nice rise on back of positive agm

[bwgof] 15/5/2004 11:03

badtime - Steady rise for sometime now - Let us hope it remains that way - Next bit of good news from Bob Holt and we could be heading for £2 - Best of luck to all - Cheers - b

[badtime] 14/5/2004 19:09

nice rise this week...hey ho

[cambium] 22/4/2004 12:20

Sorry about the lack of Comment Dave, but somehow it got turned off from my favourites. I have been in since 65p and have seen it pretty much as a no brainer.

I have faith in Bob Holt, but agree that it would be a shame if the institutions get this at a discount, when us patient mortals have to play the game!

I suppose greater institutional demand will increase the awareness of the stock and hopefully the price etc.

I wouldn't be surprised also if we saw either some kind of full listing either by promotion or a reverse buy out! Then I think we can see these motor particularly when the FT yesterday were quoting the local authority housing spend at over £9 billion.

PS Bob Holt may be good but dont mention Wyatts!!

[bwgof] 22/4/2004 11:57

No news? - Up 5.5 with a BID 170p and OFFER 172p just before noon today - Still lots of growth in this one I think (and hope!) - Cheers - b