Mears Share Discussion Threads

[newby to all this] 21/2/2006 10:38

a bit old..

Date: Tuesday 17 Jan 2006

LONDON (ShareCast) - Council house maintenance specialist Mears' results this year will be at the top end of expectations, while its order book is now worth more than £1bn.

In a statement, the company said it has recently picked up four new contracts with Leeds City Homes, Kensington Housing Trust, London Borough of Greenwich and the London Borough of Kingston upon Thames.

A substantial amount of the turnover for the next 2 to 3 years has already been contracted, Mears added. The directors remain confident in the future prospects for the group, the statement concluded.

[newby to all this] 13/2/2006 13:14

Well Ben Gunn, seems to be loads of support at £3.20 so we may well have broken out now ;-)

[ben gunn] 07/2/2006 16:54

Amasing pattern today.....just cant quite break out!

[blindfaith2] 07/2/2006 16:12

Pop - ta.

I see it's fallen back, bu$$er ! 21 March is quite a while away so it's a bit too early to see any pre results buying isn't it.

No reason why the results won't follow on as before, excellent profits and excellent cash control = excellent share price

[popout] 07/2/2006 14:55

Results due March 21st and like every other MER fan I have every confidence they will not dissapoint.

[blindfaith2] 07/2/2006 11:30

Pop - when are results due please ?
Thanks

[popout] 07/2/2006 09:32

Climbing positively as we approach the results, up another 3% today.

[newby to all this] 07/2/2006 09:31

Wow, someone woke up on the good side of the bed this morning. 8.75p up already. Any news out?

[cambium] 20/1/2006 18:32

I am still hummimg then Tinks

[popout] 17/1/2006 22:30

Not heard from Deehill for some time now. Has he gone on an extended holiday on some of his Mears profits?

[tinker] 17/1/2006 16:22

No that's humming!

[cambium] 17/1/2006 13:50

Hmmmmmm! ;o)

[tinker] 17/1/2006 13:25

Still watching, Cambium?

[cambium] 17/1/2006 13:08

Do you know, that is the same mobile number Bob gave me back in 2000. He is a loyal cookie!

[tinker] 17/1/2006 12:58

What more do people want?

[newby to all this] 17/1/2006 12:25

And so we start the slow crawl back up again!

[mdrans1] 17/1/2006 09:03

Mears Group PLC
17 January 2006


MEARS GROUP PLC

Trading update

Tuesday 17th January 2006

The Board is pleased to announce that the trading results for the year ended
31 December 2005 will be at the upper end of market expectations.

Since our last announcement we have secured four new contract awards with Leeds
City Homes, Kensington Housing Trust, London Borough of Greenwich and the London
Borough of Kingston upon Thames.

The order book is now in excess of £1billion and the Group continues to enjoy a
healthy pipeline of both outstanding tenders and future opportunities. A
substantial amount of the turnover for the next 2 to 3 years has already been
contracted to the Group.

Cash collection has been strong and combined with a sound balance sheet this
provides a very stable platform for predictable future growth.

The Directors remain confident in the future prospects for the Group.

Contact:

Bob Holt (Chairman) Tel: [phone]
Stuart J. Black (CEO) Tel: [phone]
David J. Robertson (FD) Tel: [phone]
Trevor Bass/Alex White (WSSM) Tel: [phone]

Notes to Editor:

- Mears Group PLC is the leading provider of a range of services to social
landlords.
- The services provided include response maintenance, void refurbishment,
planned preventative maintenance, improvements to meet the 'Decent Homes
Standard' and estate management.
- Profits have shown an annual compound growth rate of 43% since Mears was
listed on the Alternative Investment Market ('AIM') in October 1996. The
Group was awarded the AIM Company of the Year Award in 2003.
- The Mears mission is to be the market leader in transforming the social
housing environment, improving homes, improving neighbourhoods and improving
lives.

Further information is available on our website
www.mearsgroup.co.uk


End

[popout] 16/1/2006 22:14

Blindfaith - I guess you are right as it had no reflection on the share price. Hopefully the trend will continue and we will get a positive trading statement tommorrow pushing the share price back through the 300 barrier and IMHO I would expect to see 350 in the very near future.

[blindfaith2] 16/1/2006 18:28

Pop - good spot but there must be a reporting error, way out of context of other prices

[popout] 16/1/2006 16:19

Interesting trade @ 3.02pm 50,000 bought @ 312p?

[kdwilson] 16/1/2006 11:15

has run hard so always likely to have a pull-back. Perhaps a few chips being taken off the table but if good results as expected, will provide a stronger upward bias after this healthy pull-back.

[newby to all this] 16/1/2006 10:20

Any views on todays sell out. Dropped back to £3 on small sales. Do you think we are seeing the cautious bug out before tomorrows update? If its on track then we should see them all scramble back. If not so then could we see a retraction to 2.80?

[blindfaith2] 16/1/2006 09:51

However we are looking at quite the reverse hm........ Now that Bob has sold off nearly all his interest is he stepping down ?

[kdwilson] 16/1/2006 08:36

i gather the update should be v bullish with the possibility of some new contract wins. that should get this spiking up!

[kdwilson] 13/1/2006 09:55

LOOKING FOR A CHART BREAK-OUT - COULD POP IT UP 20P QUICKLY IF CAN CLOSE ABOVE PREVIOUS HIGHS