Mears Share Discussion Threads

[phillis] 22/3/2006 12:40

Approach for Maclellan?

[blindfaith2] 22/3/2006 09:13

"We're now moving into a period of particularly rapid growth," according to chairman Bob Holt.

I wonder if this statement refers to the £400M, 10 year contact with Manchester City CC referred to in the Daily Mail this morning ?

[newby to all this] 21/3/2006 14:13

Where's the logic? Great results, expectation met yet again, solid investment potential yet everyone cashing in today? Surely not logical!

[popout] 21/3/2006 12:55

Profit takers. Buyers will rebound when the froth is taken of.

[blindfaith2] 21/3/2006 11:33

And the share price goes down ?

[popout] 21/3/2006 09:51

Mears Group once again report record pretax profits, coupled with a 1 billion pound order book.

I have to say after a quick look even I am impressed with profits up a staggering 36% on last year. Margins have increased across every business segment and the dividend has shot upto 2.6 from 1.9.

"We're now moving into a period of particularly rapid growth," according to chairman Bob Holt.

I'll drink to that.

[mikeb01] 21/3/2006 08:30

I'm particularly interested in the outlook. First we have heard of 'rapid growth'. Could this mean acquisitions? Looks like the CEO is starting to make his mark. Only downside I can see is political which is medium term. Missed the recent buying opportunity, can only see this climbing steadily upward.

[kdwilson] 21/3/2006 07:45

ooooh lovely. Great numbers and i suspect some upgrades to follow. Outlook comments also very encouraging. This will just keep rising!! I never want to sell this stock...will be 500p at some point next year pretty much guarenteed!

[popout] 20/3/2006 18:39

I see no reason why the results should not continue to be as strong as ever and see a realistic 400 in the short term.

[kdwilson] 20/3/2006 07:52

i like the upgrade chat...a 10% upgrade can help these up to 345p+. Some nice contract news tomorrow could start this!!

[blindfaith2] 16/3/2006 12:16

Well 418 by Christmas would not cause any complaints from me, bring it on.

[newby to all this] 16/3/2006 09:08

Daily Mail Thursday 16th March.

"Buying ahead of Tuesday's annual results helped social housing leader Mears rise 12.5p to 305p. Pretax profits are expected to rise to around £10.1m from £7.5m. Numis has a target price of 418p and expects to raise its forecasts during this year on the back of contract win news. The group has the capability to gorw earnings per share by 30pc-40pc per annum over the next few years."

[blindfaith2] 15/3/2006 16:51

I for one was getting a little panicky when it fell so far, so much more reassured to see it back over the 300 mark. Looks as if it was a right proper shake and no doubt caught a few who sold too cheaply.

May have reached it's level for now at least anyway.

[hosede] 15/3/2006 13:51

Yes another 10p today - beginning to look like this was just a big shake out

[blindfaith2] 14/3/2006 10:54

Good to see a rally after falling day after day, hope the results will restore some stability in the coming months.

[hosede] 14/3/2006 09:59

This share has become much more volatile since about last December - look at the candlestick charts - It has always been a fantastic growth performer but at 325 was pretty highly rated - prospective PE of 30 ish. I've been in since 29p and no intention of leaving at the moment

[newby to all this] 14/3/2006 09:46

Make that 15p!

[newby to all this] 14/3/2006 09:18

PS... While I typed the above we just gained 5p...

[newby to all this] 14/3/2006 09:17

My humble view..

MER has been a success story for a long time and a great steady climber.

Fab results again and again give great confidence but also make the fall much harder if they are not so fab, due to the over inflation.

There is no indication of anything other than good results, but this current fall could be due to nerves when we reached 3.25. Don't the majority of people just follow the trend and hope to get in (or out) quickly?

Yesterday saw a 20p spike down quickly regained. Today we have £1m+ buys showing now could be the bottom and the start of a climb to next weeks results?

Just my speculation....

[saltedcrab] 13/3/2006 15:20

check oout parkwoods results - PKW - just out



PARKWOOD HOLDINGS PLC

PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2005

Parkwood Holdings plc, the public sector support services specialist, announces
its preliminary results for the year ended 31 December 2005. These results have
been prepared under International Financial Reporting Standards ("IFRS").

Financial Highlights:

* Revenue increased by 18% to £79.8 million (2004: £67.7 million)

* Operating profit increased by 77% to £1.97 million (2004: £1.11 million)

* Profit before tax increased by 94% to £2.06 million (2004: £1.06 million)

* Earnings per share more than doubled to 6.9 pence (2004: 3.0 pence)

* Proposed final dividend up 15% to 1.5 pence per share (2004: 1.3 pence).
Total amount paid and charged in the year 2.3 pence (2004: 2.2 pence)

* Group order book increased by 14% to £318 million as at 31 December 2005
(2004: £278 million)

Key Events:

* Excellent results from the Group's Leisure division

* Acquisition of Green Waste Recycling and Horticulture businesses by
Glendale, the "green" services division, to diversify service offering.

* Financial close on a leisure PFI with Breckland Council in November 2005

Tony Hewitt, Executive Chairman, commented:

"Parkwood has made strong progress this year, leaving us optimistic for 2006
and beyond. With our focus now on the expansion of the Leisure business and
with additional management resources in place within Glendale, we are
implementing a long-term programme of initiatives which we expect to improve
returns for shareholders."

[kdwilson] 13/3/2006 11:57

last Dec this fell 18% from the peak...this suggests that it can drop to 265p without any problems. any bad news of course opens up the ability for it to go well lower than that

[blindfaith2] 13/3/2006 10:30

Looking very ugly with results so close

[kdwilson] 13/3/2006 10:14

this really is on the rails!! i'll be in once the bad news is out!!

[kdwilson] 10/3/2006 16:15

there is support at 250p...probably wont get there but could be another 20p downside. vlume clearly suggests institutions not interested in stepping in yet ie PE still a bit too punchy!!

[popout] 09/3/2006 10:19

Of course they wil! There is no reason why they should not supersede all previous figures as they have always done. Keep the faith.