Mears Share Discussion Threads

[rivaldo] 27/10/2009 07:24

Excellent IMS just out:

ADVFN competitor.uk-wire.com/cgi-bin/articles/200910270700054026B.html

In line with "management" expectations, which is probably better than market expectations. The order book is pretty constant at £1.7 billion (£1.8 billion at the last results), and revenue visibility is almost full this year and up to 72% for next year.

The bid pipeline is massive!

Good to see the Olympics contract in M&E too.

Can't ask for more.

[rivaldo] 07/10/2009 12:07

Yep, this will hopefully continue to be a nice quiet ISAble stock which steadily gains over time - another 30% or so to the broker valuation would do me fine.

I see we have a new major holder over 3%:



Breeden have gone over 3% with 2.366m shares, up from 2.189m shares. Nice.

[chrisfoster] 06/10/2009 19:32

Quiet here, but things are looking good again and I'm back in at 280 after this correction. We didn't break the previous support. Here's hoping for that 362.

[rivaldo] 03/10/2009 14:12

Nice coverage in the Indy today:



"Mears, the social housing and home care group that could claim to be the portfolio's longest-serving constituent, has won the support of stockbroker Brewin Dolphin. Analyst Mark Fleetwood says the shares are a buy and placed a 362p target on them.

He adds: "Mears in our view has unfairly been left behind, but is in excellent shape and is at an exciting stage in its development." His comments helped push the shares above 300p but they have since slipped a few coppers.

Mears joined the portfolio in its early days at 23p. The shares were sold at 71.5p; the price subsequently hit 385p and I recaptured them at 272p. They have since fallen below 200p, but then staged a recovery."

[rivaldo] 02/10/2009 16:20

Yep, but it's a nice accumulation, what with the £60m Sedgfield win only a few days ago. Just adds to the highly visible and secure future income streams.

[cambium] 02/10/2009 08:57

too small to rns Rivaldo now, maybe a few years ago

[rivaldo] 24/9/2009 18:45

This is nice - an RNS to come?



"Bullock and Mears win £65m housing refurb job
24 September, 2009 | By Nick Whitten

Bullock and Mears Group have won a £65 million housing refurbishment contract for Sedgefield Borough Homes.

The partnership will see SBH extend its housing stock beyond the government's Decent Homes standard and lead the implementation of a major improvement programme.

Each of the partner contractors will be delivering approximately half of the improvements which include new kitchens, bathrooms, internal and external doors, roofs, insulation, rewiring and central heating.

SBH director of property services Wayne Harris said: "We have set ourselves ambitious targets and it is essential that we have the right team in place that can deliver.

"The scale of the improvement works is significant, it will take five years in total to complete."

[cornishman33] 18/9/2009 19:28

It has been a long wait, but I am glad to be back in profit again with these.

[5dally] 18/9/2009 16:57

Been in here for a very long time :-)

[parttime] 18/9/2009 16:29

5dally..

I guess that depends on whether youre a trader,in for a quicky or a more long term investor..

But yes, a nice rise nonetheless....

Good luck...

[5dally] 18/9/2009 16:22

Am I the only one enjoying this ??

[5dally] 18/9/2009 16:20

Blinking nora this is doing well :-)

[rivaldo] 18/9/2009 07:35

Looks like a decent re-rating is about to occur with all this support - 362p would be nice. From today's UK-Analyst market round-up:

"Brewin Dolphin issued a 'buy' note on support services company Mears (MER).

Analyst Mark Fleetwood believes that Mears' shares have materially underperformed Connaught and the majority of its support services (SS) peers in the past few weeks, at a time when many defensive stocks have seen prices rally. Brewin noted that average SS sector ratings have seen an upward step change and it expects further ground to be gained in the next 12 months.

"Mears in our view has unfairly been left behind, but is in excellent shape and is at an exciting stage in its development. We are confident that full year numbers will be in line, and the social housing market remains very defensive and continues to provide excellent opportunities for growth," the broker commented. There is also the possibility that further material contract wins could also come through before the end of the year and help catalyse the performance with a number at an advanced stage.

"We move to a target price of 362p (15.2x Dec 10 PER), Buy from Add and add Mears to our Conviction Call list," the analyst concluded. Mears shares rose 6.5p to 283p."

[cwa1] 11/9/2009 11:54

Good stuff r, thanks

[rivaldo] 11/9/2009 10:03

Excellent news today:



"Altium
Mears Group Raises price target to 335p from 300 Buy"

[rivaldo] 09/9/2009 12:05

Going very well here - still some way to go to the 335p broker target prices though.

Nice 30% gain so far in a couple of months.

Good news here:



"Watford Community Housing embarks on UK's largest energy efficient window installation programme
Published by Jon Land for 24dash.com in Housing

Monday 7th September 2009 - 11:05am

Watford Community Housing embarks on UK's largest energy efficient window installation programme

Watford Community Housing Trust, in partnership with Mears Group and Mulalley, has commissioned the UK's largest energy efficient window installation programme – some 25,000 windows - cutting CO2 emissions from across its portfolio and making homes warmer and more secure for tenants.

Replacing early generation single glazed PVC-U windows with new advanced performance Window Energy Rated 'A' rated products, the programme could help the Trust cut CO2 emissions by up to 76,500 tonnes over a ten year period. This equates to the equivalent of almost 45,000 double-decker buses full of CO2.

Delivered by lead partners Mears Group and Mulalley, the partnership has commissioned Profile 22 fabricator, Select windows to complete the programme. This includes a requirement to recycle the old early generation single glazed PVC-U windows recovered as part of the replacement programme...

etc"

[chillwill] 08/9/2009 22:59

Just got this on my monitor list (after reading the zulu principle funnily enough), just been trading ftse350 stocks mostly until now, but I reckon a lot of them are closing on to 'fair value' territory and time to start looking down the chain!

Annoyingly though, this doesn't trend very well so no idea where to buy in! Have to see what Autumn retrace provides.

[geovest] 08/9/2009 16:10

Nice breakout today. About time we see some positive action here.

[rivaldo] 28/8/2009 10:22

A nice article I missed - the Olympics starting to come through and £2.9 billion of further wins being chased:



"Mears Group today predicted a major Olympics boost as it won its first work for the 2012 Games.

Rosamund Urwin
18.08.09

Under the £9 million contract, the council housing repairs and maintenance provider will kit out the first 300 flats in the athletes village with plumbing and electricals.

Chief executive Bob Holt said he was confident the company would win further work on the other 2500 flats.

Meanwhile, Mears, which has contracts with Hackney and Richmond boroughs to provide social housing services, said it is chasing another four contracts worth over £100 million each. In total, it is pursuing contracts worth £2.9 billion. "We are benefiting from local authorities looking to lock companies into long-term deals," Holt explained.

Mears posted an 18% jump in operating profits to £10.8 million for the first six months of the year, and hiked its interim dividend payout to 1.6p from 1.35p last time.

"We have never missed City forecasts, which tells you about the resilience of the business. We are expecting another record year for orders," Holt said. Mears' order book stands at £1.8 billion."

[nellie1973] 21/8/2009 17:10

I hope everyone else has had a cracking day, blue on all of my stocks apart from incy drop on DGO!
Mears still driving on towards the magic 280...
Thanks for the tips peoples :0)

[melody9999] 21/8/2009 12:31

Nellie I've been investing 2 or 3 years now in growth stocks and reasonably successful. Bought in here at 240 so ticking up nicely. I find its good to have some steady performers in the portfolio to balance some more aggressive movers. At present major focus is ensuring my picks are not heavily indebted or are well financed.

Previously I have found I have been most succesful when I find a theme and can research around a small number of shares. eg palm oil NBPO AEP etc were hot at one point. Oil - BUR, PFC, AFR. When solar energy was in vogue I jumped onto SOLA at the right point. This year companies in training have shown large growth EDD, MLO. I don't do banks, insurance etc as I do not have a clear understanding of the business so i missed out there earlier in the year.

Commercial property seems to be the latest area of receovery.

Think the other thing I have found is that the longer you have your 'nose to the ground' then you get a feel for which stocks are quality businesses with quality management. MER is a case in point.

[rivaldo] 21/8/2009 08:12

Excellent start today....

No probs nellie.

[nellie1973] 20/8/2009 17:18

So slow and reliable succeeds, I like the idea that a company has something behind them before committing my cash. Apart from my small stake in TRP, bought at 7p now 2.5p. Stupid purchase on a day of excitement, wont be doing that again. Like many I am tempted by GKP but think it may burn me!!!
Thanks for your replies, it's difficult to start out without help!!!