Mears Share Discussion Threads

[tinker] 12/1/2006 13:19

newby - getting more confident by the minute. Looking forward to Tuesday.

[newby to all this] 12/1/2006 09:54

Sorry! Found it. Should have look at MER site to start with.

17th Jan (Tue) for Trading update.
21st Mar for prelim results 05.

[newby to all this] 12/1/2006 09:47

Tinker, already your confidence at 305 is being rewarded. New all time high today!

[kdwilson] 12/1/2006 08:12

connaught trading update out this am. strong and re-iterates bullish industry trends. Will help Mears today i suspect

[tinker] 09/1/2006 09:19

Back in at 305. believe (hope!) it will now climb before results. Also took a stake in Connaught (CNT) so really backing the sub-sector I guess.

[newby to all this] 06/1/2006 11:43

£809,000 just bought - if that't not a sign of confidence then slap me with a wet lettuce. Still climbing today ;-)

[newby to all this] 06/1/2006 10:10

Any news out or was this all sparked by that £400k+ trade (£2.94) yesterday?

Nice to see the £3 mark smashed once again. Didn't take that long to recover from Bobs £8m sale then did it?

[kdwilson] 06/1/2006 09:15

ooooh and here we go

[kdwilson] 06/1/2006 09:09

surely this should make new highs again shortly. Only came back due to placing and should therefore at least get back to where it was so looking for 320p near-term

[cambium] 04/1/2006 09:08

Agreed, The PE is still high, but always has been.

You know enough Tinks

[tinker] 04/1/2006 08:02

Hi Cambium and a Happy New Year to you too.

I think that Bob is moving on and leaving it to the new guy and that this will signal some kind of change in 2006. I wouldn't be surprised to see a full listing this year not least because of the recent bad publicity for AIM.

But somehow I don't see the share price going much lower unless the market as a whole does and if results at the end of March exceed target there could be a strong move up. I am tempted.

But then what do I know?

[cambium] 04/1/2006 01:37

Hi, Tinker, I am impressed by the solidity of the share price I still think on any weakness that we will see a retracement and I still have a £2.65 target.

I think there are a few questions up in the air

Do you think that Bob has had enough and is either looking to hang up his boots or take a back seat?

How much input will the new corporates (Aegon etc)want?

I think we will see some action, corporate or otherwise in '06, I am not sure whether it will be good news for the share price in the short term, so I am happy to sit on the sidelines for now.

Happy New Year Tinker et al?

[tinker] 03/1/2006 15:28

Looks like the panic's over. Tempted back in Cambium?

[kdwilson] 03/1/2006 13:32

this will be going to new highs at some point in Jan in my view. A lovely steady stock with great fundamentals. Wouldnt be surprised to see this through 400p at some point this year as well.

[mdrans1] 22/12/2005 19:22

A bid for some of Bob's shares, not the whole company.

[tinker] 22/12/2005 16:00

'a bid'???

[mdrans1] 21/12/2005 11:33

Positive note in today's Shares mag. Chairman "responded to institutional demand for shares" ..... "following a bid by Aegon Asset Management"

[newby to all this] 21/12/2005 09:58

We're heading north again now and until there is firm negative news I'm staying in. Bobs turned a company he bought for £50k in '96 into a monster and is entitled to cash in and enjoy, especially as he's taking a back seat now.

When David Robinson sold (a tiny amount in comparison) we saw a similar drop and then powered from 220 to 310 in 4 months.

No magic wand but I hope to be at 350 by Easter. ;-)

[phillis] 21/12/2005 09:30

Why not indeed - he's not short of a bob or two
He's bailed out and history says its no bad thing to follow his example.
What better person than the founder Chairman to call the top?

[blindfaith2] 20/12/2005 16:54

Phillis - why next year ? why not the year after than, or 2 years or 20 years, he surely is entitled to enjoy his fortune, and he owes us nothing with what he has done to the company and even today's share price.

[phillis] 20/12/2005 15:49

Yes but why do we think the Chairman and founder sold nearly all his stock - why didn't he wait until this time next year.
Look at his message!

[newby to all this] 20/12/2005 09:21

Remember why we all bought?



Mears Group sees shares price rise by 60% in past year

DIRECTOR DEALINGS - PERRY GOURLEY

LONG term investors in Mears Group might be a little more generous with their Christmas present buying this year.

The support services group has seen its share price rise by more than 60% since January as it continues to benefit from strong growth in the outsourcing market, particularly in the social housing sector.

Last month the company announced two new partnership deals to carry out repairs and improvements to housing stock in Newcastle and Peterborough, helping the shares rise to a year high.

The two deals, stretching over five and six year periods, are worth around £85m to Mears. Chairman Bob Holt said they demonstrated the company's leading position in the market.

The company's latest interim results showed pre-tax profits up by 40%, helping it achieve an impressive annual profit growth of 42% since listing on AIM in 1996. Despite the strong share price rise this year, director Phillip Molloy, already a major shareholder with a stake of more than 6%, upped his holding with an investment of more than £525,000. He now holds 3.75 million shares in the company.

• AIM-listed pharmaceutical group Sinclair Pharma saw non-executive director Andrew Sinclair buy 100,000 ordinary shares at 106.5p. His latest purchase takes his holding to 10.5%.

• Sinclair Pharma, which earlier this year received EU regulatory approval for its T-GO treatment for throat conditions, recently said trading in the year to date was in line with expectations.

• David Ross, chairman of transport group National Express, has continued to increase his holding in the company.

Ross invested £1.36m by buying 180,000 shares at 758p each and taking his total stake in the group to just over 600,000 shares.

Ross, who joined the board in 2001 and is also chief operating officer at Carphone Warehouse and a director of Big Yellow Group, also bought 10,000 shares in October, 75,000 in August and 162,000 in July.

• The new chief executive of dental group Oasis Healthcare has bought 165,000 shares in the company at 10.50p for just over £17,000. It was his second purchase after buying 35,000 shares at 16p in August.

Earlier this month the group announced narrowed first half losses after it said it had seen an increased demand for its services.

[cambium] 19/12/2005 14:53

That was fun

[tinker] 19/12/2005 14:51

I think you may well be right.