Mears Share Discussion Threads

[johndoe23] 08/4/2024 06:48

My thoughts exactly!

[qs99] 08/4/2024 06:42

RNS says Trading Statement, then it is a list of shares bought! Odd!

[xamf] 05/4/2024 10:07

Full year Thursday 25th April according to Stocko.

[phg87] 26/3/2024 16:20

Next trading update will be on 26th or 29th of April

[johndoe23] 26/3/2024 10:32

Anyone know when results are due

[phg87] 20/3/2024 16:07

Jumped in today as flagged on my watchlist.

Looks like a great stock with room to move to 400 now (DYOR).

A quiet board too is usually a good sign also!

[qs99] 22/2/2024 17:06

Graph looking great

[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 20:25

What does this have to do with Mears?