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Share Name Share Symbol Market Type Share ISIN Share Description
Mears Group Plc LSE:MER London Ordinary Share GB0005630420 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -0.96% 155.50 154.50 156.50 161.00 154.00 161.00 149,585 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 869.8 28.4 23.1 6.7 173

Mears Share Discussion Threads

Showing 2201 to 2222 of 2225 messages
Chat Pages: 89  88  87  86  85  84  83  82  81  80  79  78  Older
DateSubjectAuthorDiscuss
10/11/2020
17:30
Housing and social care provider Mears (MER) has agreed to sell its land and planning services specialist TerraQuest for £72m, which Liberum says is a lower multiple than expected. Analyst Joe Brent retained his ‘hold’ recommendation but increased his target price from 115p to 150p. The shares rose 5.5% to 153p yesterday. He said the conditional agreement to sell TerraQuest for £72m was a ‘higher price but lower multiple than we had expected’. ‘It is in line with the strategy and will help Mears to focus but highlights the low margins in housing management. We now expect net cash at the year end, noting other liabilities.’ Brent said the disposal was ‘unsurprisingly’ dilutive and he reduced full year 2021 earnings per share by 16%.
sphere25
06/11/2020
16:08
Sphere, it is a dopamine hit when you nail a trade like that. My Dad founded London Care Plc, so know the sector well. Have not looked at Mears in many a moon. Like MTO, it once traded as a growth stock,
essentialinvestor
06/11/2020
16:06
I thought this was a bargain, yielding 6%, at £3.10 a share. How wrong could I get! Nice to welcome back a few GBP I’d lost on this one. Salty
saltaire111
06/11/2020
12:50
Thank you EssentialInvestor. Nice when we can all nail one. Market doesn't give them so easy - plenty of non-starters too! Nature of the trading arena :-)
sphere25
06/11/2020
12:25
Sphere, very nicely traded!, well done.
essentialinvestor
06/11/2020
10:54
there was no leak yeaterday
abarclay
06/11/2020
08:56
I haven't held these since the early 2000s - well done to anyone who was privy to the info!
skinny
06/11/2020
08:50
Thank you ScepticalInvestor. 30% move higher today. Well done if you caught this move. I'm always a seller into spikes like this being short term orientated. Have to be happy to catch a move like that but it also shows the ugly side of the market. I highly doubt any action will be taken against those buying big yesterday and recents days. Nonetheless, onto the next one and who will next catch a bid or some corporate activity? The amount of activity recently has been amazing, almost every day you have a bid or acquisition of some sort. Last night into the closing auction RSA, today SPO, UANC and PFD
sphere25
06/11/2020
08:09
mmm in auction
abarclay
06/11/2020
07:56
Well done sphere
scepticalinvestor
06/11/2020
07:55
MER markrt cap £130m, just sold non core bit for £72m!!!!!
abarclay
06/11/2020
07:46
WOW · The Buyer will acquire the entire issued share capital of TerraQuest for a maximum valuation of £72.0m1. The consideration is as follows: o minimum cash proceeds are expected to be £61.8 million2; o up to a further £5.0 million in cash, payable subject to the performance of TerraQuest in the financial year to 31 December 2021; and o £3.2 million in interest bearing loan notes3 together with ordinary shares equating to a 6.2 per cent. of the share capital of the Buyer's holding company, providing the potential for further value to Shareholders. · Following the Disposal Mears will: o be solely focused on its core proposition as a trusted provider of specialist housing solutions to central and local government; and o have a significantly strengthened balance sheet, where unaudited pro forma net debt as at 30 June 2020 would have been £10.8 million4 (actual net debt 30 June 2020: £62.4 million). · Mears has built a significant asset through the TerraQuest business since 2009, including the contract to re-develop and operate the National Planning Portal - a web-based platform which processes c.90% of all planning applications in England & Wales. In the financial year ended 31 December 2019, the TerraQuest Group generated revenues of £20.9 million and a profit before tax of £4.9 million. · Trading across the Continuing Group in the period since 30 June 2020 has been in line with the Board's expectations. The Board keeps under close review the changing COVID-19 backdrop. Mears continues to benefit from the supportive financial arrangements agreed with clients through the first half of this year. Given this, and the relative proximity of the year end, the Board expects that the recently implemented England-wide lockdown restrictions and the restrictions in Scotland will not have a materially adverse impact on performance in 2020. The Group intends to make a scheduled Q4 trading update in due course. · The Group also announces that to support the Class 1 working capital exercise it has undertaken in conjunction with the Disposal, and in recognition of the impact of Covid-19, it has entered into an amendment of its Revolving Credit Facility to provide materially greater covenant headroom as at 31 December 2020 and 30 June 2021 . · The Disposal is conditional upon the approval of Mears Shareholders and the consent of TerraQuest's joint venture partner MHCLG; completion of the Disposal is expected to occur in early December 2020. · The Board believes the Disposal is in the best interests of Shareholders as a whole a nd will be unanimously recommending in the circular to Shareholders that they vote in favour of the Disposal. 200p today?
abarclay
06/11/2020
07:43
Well, there we go. Talk about suspicious trades and price action. Clearly folk knew about this sale and the positive impact on the financial strength of the company.Also note:"the Board expects that the recently implemented England-wide lockdown restrictions and the restrictions in Scotland will not have a materially adverse impact on performance in 2020. The Group intends to make a scheduled Q4 trading update in due course. "
sphere25
05/11/2020
17:05
Perhaps people are starting to recognise that the company is desperately undervalued in the market.
saltaire111
05/11/2020
16:07
Decided to take a few because the trades recently and buying behaviour today here are irregular. It is like someone is very keen to buy here and they're just launching sizable bids onto the book. Never see that with MER. No idea if it means something significant, rarely catch a bid because short term trade orientated. Nonetheless it is breaking out on heavy buying so interested to see if it follows through tomorrow and next week.
sphere25
05/11/2020
15:12
Have bought I’d like a bid in mornjng
abarclay
05/11/2020
14:00
Why it flying,
abarclay
05/11/2020
13:58
There’s life in the old dog yet!
saltaire111
05/11/2020
13:18
Alot more interest in this one recently. Looks like sellers cleared at that 110 mark and price threatening a breakout. A real lumpy one though, not the easiest one to read.
sphere25
11/9/2020
15:48
These shares follow the same pattern every day, mostly open about 5% down every day they stay that way all day and at close they seem to finish near the previous day close. The MM's are dubious b+×÷=rds.
lucy123
05/8/2020
10:56
Desperate performance here. Investing in MER is now my biggest mistake - accounting for 3% of my equity investments, it is now down to little over 1%! While I’m not tempted to increase exposure, I’m going to hold on to what’s left of my investment rather than sell out at a substantial loss. I may end up with an even more substantial loss as a result but I remain optimistic that it will recover. Salty.
saltaire111
29/6/2020
10:45
Mears must benefit from the increased infrastructure repair and maintenance budget, so odds on the share price will recover to a reasonable level. Looking forward to the market catching on.
davwal
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