Mears Share Discussion Threads

[celeritas] 07/9/2010 20:52

Contracts will have to be renegotiated but I also expect someone wil have to step into the void left by cnt pretty quick.
MER and ROK are the two who stand to gain the most from Connaughts demise.

[phillis] 07/9/2010 17:30

Don't think Mears will take on any work whose margin doesn't match their objectives

[yoyoy] 07/9/2010 17:18

Mears was the first named alternative company on Radio 4 just now.

Phillis - as long as Mears does its background work. Could we see councils having to pay more for the work?

[phillis] 07/9/2010 17:14

Mears won't have to bid
CNT will be in default because of their financial condition and customers will be begging for Mears to take over

[daz] 07/9/2010 14:32

yoyoy - Mears is also a likely bidder for parts of CNT. I suspect the administrator is not going to be able to sell CNT in its entirety because of the problems with particular contracts, it's much more likely to be sold piecemeal.

[phillis] 07/9/2010 13:34

Major competitor in disarray

Buy Buy Buy!

[yoyoy] 07/9/2010 13:33

Daz,

Only if it closes its operations - there is always the possibility that someone will buy them on the cheap

[dnfa1975] 07/9/2010 08:52

gonna fly now imho

[daz] 07/9/2010 08:24

Should benefit from CNT's administration announced this morning. I'm surprised it hasn't moved up more.

[nfs] 05/9/2010 22:21

I am delighted to be able to invest in a quality company on a modest rating,with excellent management,a strong focus on cash flow,long term contracts,great defensive qualities,pays a dividend and where a major competitor has got fundamental looking problems.Enough water seems to have passed under the 'company specific' bridge re Connaught to feel comfortable investing here.
Congrats to all who got in at 25-30p and are still here/I think it's time the trading raneg was broken,earnings have grwon an awful lot without any share price advancement

[tom.b] 03/9/2010 08:11

...all the way to £3.00... come on mears

[yoyoy] 02/9/2010 16:26

rising gradually

[tom.b] 01/9/2010 00:02

Where have all the incestors (Investors)gone?... CNT in trouble and rising and MER in the clover and no stir...anyone have any guess as to why?...

[pstubbs50] 27/8/2010 08:50

"PS Tubbs Incestors is not a word I am familiar with !!!!Thanks for the laugh in these trying times"

oooops!

[miss womble] 26/8/2010 10:12

PS Tubbs Incestors is not a word I am familiar with !!!!Thanks for the laugh in these trying times

[tom.b] 26/8/2010 09:12

The news and indicators is all very good... it's a bit dissappointing that the price seems in the doldrums ... Good time to buy IMO, because they are fairly well protected from government cuts, have most of the years revenue already secured and unlike others in the field have a solid balance sheet with cash surpluses to weather any setbacks.

[pstubbs50] 25/8/2010 13:45

Some nice big trades in the last hour - 1m total. I am assuming they are all buys!

[pstubbs50] 25/8/2010 12:26

Rivaldo - I agree. Will take a while for it all to filter through, but I see this as a big plus for incestors. Very volatile markets don't help, but this is one share that I feel totally comfortable holding.

[rivaldo] 25/8/2010 12:06

Many thx for the posts above - looks like the flood of clients bailing out of CNT and into the arms of MER and others is beginning.....

[sjewson] 25/8/2010 07:58

Lets not forget that the Sandwell contract (425 Million) is up in December 2010.
Happy days for Mears.



Monday 28th June 2010, 11:30AM BST.
More jobs go as work on houses winds down

Jobs are being axed by the company behind a £425 million revamp of council homes in the Black Country – with 30 already having left their posts.

West Bromwich-based Connaught will slash jobs when its contract with Sandwell Homes to transform 29,000 council houses in the borough as part of the Decent Homes programme comes to an end in December.

Around 30 people working on the project have already left the company.

No redundancies have yet been made and the company is now in a statutory consultation period and said it is looking at the opportunities for retaining and redeploying people.

Company spokesman Paul Haines, said: "Because our contract with Sandwell Homes will be coming to an end in December, we have been forced to place our employees on this contract at risk of redundancy.

"We have agreed to requests from 30 employees to leave immediately. For the remainder of our employees, we are exploring opportunities to either redeploy or reassign as many as possible.

"Wherever possible we will also try to accommodate any further requests from staff to leave.

"However this will be on a phased basis to ensure that we can continue to fulfil our obligations to Sandwell Homes for the remainder of our contract."

[pstubbs50] 24/8/2010 08:36

Exciting times ahead for Mears - thanks for posting those links...

[rivaldo] 24/8/2010 08:25

Great spot Cambo - the first of many to be re-tendered no doubt....

MER must be the frontrunner for any re-tendering - and of course ROK are hardly in much of a position to compete either at present.

[cambium] 23/8/2010 15:29

Have Mears been approached for the Barnet contract which they have terminated from February?

[celeritas] 23/8/2010 15:27

Mears are in a very strong position here, take ROK whilst it's still cheap putting it well ahead of all competition. Connaughts lost customers will then inevitably go to Mears, either by Connaught going under or because confidence is lost in them honouring contracts.