Mears Share Discussion Threads

[seanworld] 20/1/2005 15:09

Fast-growing building support services group Mears slipped 1¼p to 241½p. Chairman and founder Bob Holt has sold 2m shares in the Alternative Investment Market-listed company at 240p, collecting £4.8m. One Scottish institution snapped up the bulk of them and the rest went to satisfy other institutional demand. It reduces his holding to 3.2m shares (5.53%).

[deehill] 20/1/2005 14:46

It needs a drunk to call you lot to order. Tinker says ' that explains the 4mill transactions yesterday'- which, of course, it doesnt. Holt sold 2 mill and SOMEBODY ELSE sold 1.5 mill at the same price. They shouldnt have been a director, since that would have had to be notified along with Holt's sale. SO it was an institution, tempted out at 240 BUT SOMEBODY BOUGHT THEM (and has, probably bought the 1.4 mill SOLD today. Since Holt is left with around 3 mill shares (about 5.5%0 it means that a new buyer has picked up a possible 7% of the company in two days AND IT DOESNT SEEM TO MEAN A THING TO ANY OF YOU, other that have RCT bleat 'another Director sale' If any holding is in excess of 1% the sale of it needs to be notified, but I dont know in what time scale. NOW lets have some comment.

[rcturner2] 20/1/2005 14:12

Tinker - I have closed it at a loss as detailed above.

Wasn't a drastic loss.

[bergster56] 20/1/2005 13:59

featured in today's shares rag.

Pros pe stands at 30. With a forecast of eps growth of 30%, gives it a peg of 1. Would now be a good time to sell? Any opinions?

[tinker] 20/1/2005 12:32

That explains the 4 million transactions yesterday. Takeover now unlikely. Like to see institutional demand. BTW RC. How's your short?

[rcturner2] 20/1/2005 12:23

More director selling!

[hosede] 20/1/2005 11:05

So Bob Holt has sold 2m shares to meet institutional demand - well that seems fair enough - it hasn't caused a crash (yet!).
Tinker
The problem surely is that as MER grows bigger it gets harder to maintain the growth rate - "elephants don't gallop" - As the empire gets bigger so do the problems of maintaining it at such a high level of efficiency - i.e can Bob Holt continue to find/train enough new managers/plumbers plasterers etc. of the required calibre. But it's still a tranquil and reliable haven for a chunk of my money. I originally bought 10k shares in MER and MDY at about the same time and the same price (29p)- Wow what a contrast !!!

[deehill] 20/1/2005 09:12

Hilldee extends his regrets and is unable to post for the moment, due to extended celebrations which have not yet ended. All branches of AA have been notified in the immediate area of the South American continent. Normal service WILL be resumed as soon as we have him dried out!!!!

[rcturner2] 20/1/2005 08:40

A bid coming in would explain the share price movement for sure.

[tinker] 19/1/2005 20:25

I hate the idea of a bid but must confess it's beginning to look that way. Maybe tomorrow's papers will give us a clue. Geoffrey Whatisname in the Mail is a big fan.

[blindfaith2] 19/1/2005 19:11

I can only say again REMARKABLE !

Surely this one must be heading for the grown ups market soon, no idea what this would mean though.

I thought two quid would be a nice Christmas pressie so my thoughts have been shot to pieces. Think I will just lay back and think of Blighty while this one just keeps on ramping up and up. Mind you looking back at the graph we must be due a fall soon before hopefully the next surge which I guess will be once the accounts have been released.

[cambium] 19/1/2005 17:51

A bid perhaps, cheap by LNGO standards!!

Watch this space

Mr Holt may want his wadge

[tinker] 19/1/2005 17:47

PS Have you noticed today's volume? Over 4 million compared to the average of 135,000. Is something afoot?

[rcturner2] 19/1/2005 13:42

Luckily I closed out at a loss before it got even worse!

The trend is your friend.

[hosede] 19/1/2005 12:08

There are lots of stocks that everyone is saying "buy" but they stubbornly remain static or drift down: MER is just the reverse - lots of pundits are saying its too high now, but the price continues to climb. Sorry RCT but I don't think the force is with you on this one - you just can't argue with the market. There must come a time to sell - or so you would think - but I haven't a clue when!!

[rcturner2] 19/1/2005 08:08

I'm going to get stopped out at this rate. lol

[deehill] 18/1/2005 11:35

RCT has, perhaps, expired - or is taking a well earned rest from his shorting endeavours. In the meantime Mears are up another 1p today. Hey Ho

[mdrans1] 15/1/2005 15:59

deehill

I worked for a Council before moving to the private sector. Council employees and CEOs are much the same mix as in the private sector. The only difference is that some of those who have never worked in the public sector tend to develop a superiority complex.

[deehill] 15/1/2005 13:04

Thanks Tinker for your post. Had I not had a VERY hard taskmaster my record might have been similar to yours. As is is,my average is below your first purchase of 40p and, in spite of considerably more stock being bought at, for me, outrageous prices,the average doesnt move up that much. My last buy was at 167p and is, seperately, showing a profit of well over 20K. This is the sort of investment that the average investor lays and dreams of at nights. My God, I know quite seasoned investors who would be reasonably happy with a 20K profit in a year, let alone one ONE STOCK in about four months. I say, quite unashamedly, that MER have enabled me to flee the boring Windsors and their equally boring Prime Minister to warmer and more equable climes. Thought of 'Mess Waiter' Prescott and his three car, three home,fetish are academic to me. All I have to worry about is a junta seizing power and killing all the fat cats, like me. But I find if you grease their palms, the people wishing to seize power in this world are surprisingly amenable. Of course I do have one thing to add to Tinkers learned treatise on Local Authority CEO's. They all want to do what ole Tinker and I have done, so quite considerable investment on a regular scale is present in MER as these individuals attempt to line their own pockets with the product of their idleness and, of course, being Council employees - they dont know HOW to keep their mouths shut. To all our ultimate benefit.

[tinker] 14/1/2005 20:20

BF glad to hear it. Obviously what you need is to move out to a sunnier clime like deehill and I. Things always look better with the sun on your back.

[blindfaith2] 14/1/2005 18:46

Good replies, thank you guys.

I guess I am just too cynical but I also can not find any faults here and as Tinker points out the increase in the order book is alarmingly good so I will just have to sit tight and enjoy the ride !

Oh just thought of the Titanic and what was said there................................... no no must not go there

[tinker] 14/1/2005 18:12

One thing I forgot to mention is the order book which stood at 85 million in 2000, climbed to 300 million at the end of 2002 and now . . .
"The order book is in excess of 800 mln stg and continues to grow," the
company said (this week). That's a 941% gain against the share price gain of (only) 577% over the same period - hardly a company running out of steam.