Mears Investors - MER

Mears Investors - MER

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Stock Name Stock Symbol Market Stock Type
Mears Group Plc MER London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-1.50 -0.78% 190.00 16:29:59
Open Price Low Price High Price Close Price Previous Close
190.00 186.50 190.00 190.00 191.50
more quote information »
Industry Sector

Top Investor Posts

ch1ck: Great article in Investors Chronicle as a contrarian buyI'm in
okosling: Tipped in Investors Chronicle last week: "Following the fire at Grenfell Tower last year, Mears twice reduced its revenue expectations as local authorities undertook reviews and put discretionary spending on hold. However, with reviews now complete, and Mears well placed to benefit from an increased focus on health & safety, there are reasons for guarded optimism. Meanwhile, the care business has been restructured and has exited problem contracts, which helped to return the division to profit in the second half of 2017. We think the value now on offer makes the shares hard to ignore."
spacecake: Mears Group (LON: MER)'s stock had its "buy" rating restated by analysts at Investec in a research report issued to clients and investors on Thursday. They currently have a $5.20 (325 GBX) price target on the stock.
spacecake: Business and environmental groups have welcomed the Court of Appeal's decision to uphold a ruling that government cuts to household solar subsidies are illegal. Three judges ruled on Wednesday that parliament did not have the power to change "with such a retrospective effect" the "feed-in tariffs" paid to homes, businesses and communities for generating small-scale renewable electricity. The government must now pay the solar industry's legal costs. It will also have to pay its original higher subsidy for customers who install panels between mid-December and early March – a cost that could eventually run into tens of millions of pounds. The number of installations soared 10-fold between the announcement in late October and the cut-off point on December 12, rising from 220 a day to 2,376 a day, according to new figures from the Department of Energy and Climate Change (DECC). The total for the six-week period of 102,183 was not far short of the 127,474 installed in the previous 18 months. Caroline Flint, shadow energy secretary, described the uptake as a "gold rush". "The government has wasted time and money fighting the High Court ruling and created huge uncertainty, putting thousands of jobs in renewable energy at risk," said Ms Flint. The industry employs an estimated 29,000 people. The decision is a fresh embarrassment for Chris Huhne, the energy secretary, who is already under pressure over allegations that he asked his wife to take speeding penalty points for him several years ago. The verdict means solar subsidies will be halved from March 3 – giving investors a three-month delay before the cuts come in. The High Court ruled last month that ministers had acted illegally by moving rapidly to cut the money paid to anyone fitting a small solar system from 43.3p to 21p per kilowatt hour. A government consultation was due to end on December 23 – nearly two weeks after the December 12 cut-off date. As a result, the industry was given only six weeks' notice that its support would be slashed. John Cridland, director-general of the CBI employers' group, which has been scathing about the way the announcement was handled, said the "high-growth sector" needed much greater certainty in the future. The case was brought by Friends of the Earth, the environmental group, and the Solarcentury and HomeSun solar companies. Daniel Green, chief executive of HomeSun, said the campaign had been backed from "everybody from the National Trust to the Church of England". A DECC spokeswoman said the government was still "considering our options" – prompting speculation that it could seek to lodge a second appeal with the Supreme Court. There may now be a renewed rush to install panels before March 3, although the statutory organisation Consumer Focus pointed out that installation and registration typically took four weeks.
spacecake: Hi, I'm new to this company as an investor and was wondering if Mears would benefit from the green deal proposals currently under discussion. Big chunk of money available for accredited advice and installers which Mears could hop on to.
simon gordon: Commnent from the Artemis Small Cap March factsheet: "The only real detractor to the fund's performance in March was from our holding of social housing maintenance group, Mears, where investors were upset that the expected annual profit forecast was only met by a change in the treatment of their pension assumptions."
melody9999: It seems that MER must have been fairly busy when CNT unwound what with B Gas and Jackson Lloyd. My guess is that we will get some CNT related business. But until the i s are dotted and the t s crossed - meaning we have done the due diligence on any contracts that we take over - then there will be no news. I like the way these guys do business - rather than diving in like Morgan Sindall - lets take our time - it feels good to me and it should attract new investors too.
tom.b: Thanks Rivaldo... and today's RNS will also help but IMO it will be another while before the share price price moves to £3 and beyond as I predict.. Investors are concerned that the planned Government Cuts will have an adverse affect - even though it is the opposite for Mears so far. This partnership with British Gas is just one of the many deals that are being done to limit the effects of these 'cutbacks' and will have positive results.
rivaldo: Excellent news whilst on my hols about CNT going into administration. Today's FT notes that MER are taking great care about the proposed acquisition of contracts from CNT, which is good to see. MER are paying almost nothing for them, but in the usual cautious MER style are making sure that the contracts won't be albatrosses. Exciting times - hopefully there's about to be a Morgan Sindall-style jump in the share price when the deal is formally announced: "Connaught agreement with Mears unclear By Alistair Gray Published: September 13 2010 00:18 | Last updated: September 13 2010 00:18 Uncertainty has emerged over Mears' agreement to acquire contracts from Connaught, its collapsed rival, as the social housing maintenance group scrambles to finalise the details. Investors in Mears had expected to be told on Monday morning that the company picked up about eight of the former FTSE 250 company's contracts after Bob Holt, executive chairman, said on Friday night he had sealed the deal. Although the agreement still stands, it appeared on Sunday night that Mears was unlikely to make an announcement when the stock market reopened. It was not clear whether or not KPMG, which was appointed administrator of Connaught last week, intended to do so. A person familiar with the matter said Mears was unlikely to update the market until it had "properly determined the various constituent parts of each contract" and had "a detailed understanding of the cost structure of each contract". The agreement was complicated by the fact that Mears was expected to re-employ some of the 700 workers made redundant by KPMG, people familiar with the matter said. Mears is expected to pay a nominal fee to take on the work, which involves about 1,000 workers, although it is not clear which contracts it has acquired. Before its collapse, analysts had raised concerns about how Connaught accounted for its contracts. They were particularly concerned about "mobilisation costs", or expenses incurred at the start of a contract. Connaught had drafted in Deloitte to review its accounting practices at the company, which was audited by PwC since 2006. Mr Holt said on Friday that the contracts Mears was acquiring did not include work for Norwich City Council. Connaught had won a £125m five-year "integrated services" contract with the council but it became subject of a dispute."
tom.b: 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?...
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