Mears Share Discussion Threads

[hosede] 26/7/2010 12:22

Rivaldo
CNT THOUGHT they had good earnings visibilty! Cash strapped councils can simply renege on contracts or slow them down to near zero pace: worse still they could default on payments. Look at the dire state of US Munis - do you really think the same is not going to happen here?

[cambium] 26/7/2010 11:01

Thats Bob Holt been on the phone to the brokers allaying any fears :o)

[dnfa1975] 26/7/2010 10:46

up she goes

[dnfa1975] 26/7/2010 10:32

"Shareholders have a choice whether to fund the business to keep it going, or leave it to the group's banks (similar to White Young Green). For those considering the former, Connaught's industry reputation will be severely impacted from these successive updates and backing a turnaround will take a significant amount of time, in our view. Connaught operates in an industry, where reputation and perceived financial stability is paramount. In our view, the damage to the group's industry reputation is only just being felt and will now worsen materially."


looks like MER are going to rake it in!! Connaught just gave mears its biggest bargaining counter when bidding for new work

[rivaldo] 26/7/2010 09:39

MER have incredibly good revenue visibility for the next few years, and have repeatedly stated that their services are outside the remit of cutbacks. There may be a small effect, but nothing material imho.

The likelihood of picking up sizeable contracts from CNT is increasing day by day. This would far outweigh anything else.

[geovest] 26/7/2010 09:13

Tainted by association. The whole sector will remain depressed for somw time. MER may benefit, but until the cloud clears and local government cutbacks become clearer, this will continue to slide.

[gardener1] 26/7/2010 08:30

Agree so why are they down ?

[dnfa1975] 26/7/2010 08:27

Cracking news for MER - should be able to pick up the juicy CNT contracts for nothing now

[rivaldo] 26/7/2010 07:19

Crikey - Connaught (CNT) are REALLY in trouble per today's RNS.

This has to be great news for MER - no-one's going to want to commit new business to CNT for a while yet, and there's the possibility that things might spiral completely out of control at CNT.

It appears that CNT's earlier statements were a smokescreen for internal chaos and mismanagement by the look of it.

[dnfa1975] 23/7/2010 11:06

last july went from 220p to 300p - hoping for a repeat

[dnfa1975] 23/7/2010 11:05

gap to 280p on chart

[dnfa1975] 23/7/2010 09:09

Con naught looks dead This is going to steal their contracts now,imho. Come on HOLTY

[dnfa1975] 21/7/2010 09:41

up she goes

[dnfa1975] 21/7/2010 07:28

haha

took me a while to work it out :-)

[geovest] 20/7/2010 10:36

you're not supposed to squeeze that hard :=)

[dnfa1975] 20/7/2010 10:22

going blue

[nfs] 17/7/2010 17:36

when a previous winner like Connaught falls down then its bound to impact others.But buy when others are fearful..................and be patient.Mears reliable earnings stream is valued very poorly just now.Times will change though I hope

[rivaldo] 15/7/2010 12:47

Making a comeback today - completely agreed trendfloor.

[cambium] 12/7/2010 09:27

yep they moved on the 23rd June 2008 to the main list

[dnfa1975] 09/7/2010 14:06

is this on the main list

[rivaldo] 09/7/2010 09:55

From today's Daily Mail:



"HSBC initiated coverage of social housing and geriatric care group Mears with an overweight recommendation and target price of 310p.

The shares, which were dragged sharply lower by rival Connaught's recent profits warning, rallied 6.75p to 235.5p.

The broker says recent strong order income bodes well for highly visible, growing earnings. Strong cash conversion and a tidy balance sheet gave confidence to investors."

[rivaldo] 08/7/2010 14:53

Good point EI - MER may gain on the commercial as well as on the investor front.