Mears Share Discussion Threads

[qs99] 22/2/2024 08:49

And let the squeeze on buy-back begin! DYOR

[johndoe23] 20/2/2024 10:05

Why would anyone sell at this level?

[qs99] 20/2/2024 07:25

That is a material buy-back number....not sure how tightly held these are but £20m should IMO help boost this share price ...DYOR!

[johndoe23] 15/2/2024 10:21

I would agree with that

[traderglt] 15/2/2024 10:03

The quiet ones usually are the best stocks.

[johndoe23] 15/2/2024 09:45

Board so quiet

[johndoe23] 23/1/2024 12:06

Possible this could drop back to where it gapped up. 315-320p area. Nice entry point

[johndoe23] 15/1/2024 12:12

By my calcs, could be an EV of 390M going forward.Based on a cash adjusted forward PE of 12, a share price of 500p could be achieved. And that could be Conservative! DYOR.

[johndoe23] 12/1/2024 09:01

Stocko has updated. 28p earnings next two years, looks conservative

[nico115] 12/1/2024 08:40

This looks too cheap

[qs99] 12/1/2024 08:23

Expecting this now to start to trend much higher, wonder if there are any new broker notes out yet?

DYOR

[qs99] 11/1/2024 08:55

Good morning and thanks useful. EBITDA should be a good guidance to cash gen IMO/DYOR so am happy using both metrics....GLA

[jamesgreenbury] 11/1/2024 08:52

I'd say average cash of 75m is a more useful number (excellent that the company publishes this) and this may be lower after the buybacks/divis at the end of the year. I don't use EBITDA (per Charlie Munger) and look at their EBIT measure (before amortisation of acquired goodwill) of 43. So EV say 275 and EV/EBIT OF 6.4x

[qs99] 11/1/2024 08:21

So c.£343m market cap per ADVFN
Net Cash £105m AFTER last year's spend on share bb and divis of nearly £50m!
EV c.£240m say
£1bn revenues
FY 22 EBITDA post IFRS 16 adj was c.£95m

So EV/EBITDA ratio is just ludicrous IMO with this sort of cash generation no?

DYOR/Views?

[qs99] 11/1/2024 08:12

Indeed....may buy some more....

[jamesgreenbury] 11/1/2024 08:07

Extraordinary cash performance given £49m spent on dividends and share buybacks in 2023.

[qs99] 02/1/2024 08:25

really quiet board

have bought a load today and will continue to invest as IMO this just looks the wrong price & nice yield as well to help out....

DYOR

[buffettjnr] 12/9/2023 21:25

What does this have to do with Mears?

[johndoe23] 03/8/2023 08:55

Looks decent! Any forecasts anyone could share going forward?

[someuwin] 03/8/2023 07:42

Looks good to me.

David Miles, Chief Executive Officer of the Group, commented:

"We are delighted to deliver strong results for the first half year, with record levels of revenues, profits, and daily net cash. This strong momentum is expected to continue through the second half, and we have today further increased our FY23 guidance. The excellent financial performance is testimony to the strategic actions taken in recent years, our investment in resilient operating platforms, and a committed and engaged workforce with a shared desire to deliver the highest level of customer service in the affordable housing sector."

[someuwin] 25/7/2023 15:01

So Miton have been selling causing the pullback. But looks like it wants to carry on rising now.

[johndoe23] 17/7/2023 09:12

2024, not 2025

[johndoe23] 17/7/2023 09:11

Come across this recently. Can anyone explain what is driving the rise in profits recently? And why revenues and profits are forecast to fall in 2025? Any feedback most welcome!

[buffettjnr] 11/1/2023 16:39

I bought 29k shares today. I think that the seller is done