Mears Share Discussion Threads

[lpf] 02/7/2007 16:34

A break of the trendline and a bad smell. These things have a way of escalating, and I suspect that their other clients will be scrutinising Mears' delivery now. So I'm out.

Good luck to all remaining holders.

[rogerjc] 02/7/2007 13:17

Listened to most of the radio program last night. Mears spokesman claimed that at least one of the 'whistleblowers' had been sacked and implied they therefore held a grudge.

[simon gordon] 01/7/2007 12:30

'The Housing Corporation has launched a probe into Britain's top social housing repairs firm after a BBC investigation.
This uncovered evidence that falsified performance figures were supplied to a housing association which had millions in public funding from the watchdog.

Evidence obtained by the BBC's 5 Live Report suggests the firm's flagship branch in London is falsely signing off some repairs when they were incomplete.

Mears Group denies all the allegations, saying the process was fully audited.'

[cambium] 14/6/2007 10:57

Hi, GI, I still pop in to see everyone, but I sold out when Bob sold his massive holding back about £3 maybe as far as a year ago.

All the best and happy investing

[greek islander] 14/6/2007 09:36

The recent announcement seems to have received a very neutral response from the market. I would have thought that hearing about a record contract win, albeit spread out over five thousand years, would generate some interest from those solid typical Mears investors. Isn't that exactly why one invests in this company? Steady if unspectacular growth, the notorious full order book and a proven management in a solid sector.
I would have expected a price surge well at least a small one.

Yawn.

[greek islander] 07/6/2007 16:45

Hello all
Glad to see some respected familiar AIM faces here such as Cambium and mistertibbs.
My shares club has had these for years and done brilliantly but they were not my sort of company as I tend to look for longer term small caps quicker growth almost inevitably on AIM.
Was attracted - as others will have been - by the new contract win announcement and that I was certain a 10-20% share price rise would follow and when it didn't quite do that well, I thought "opportunity!!!!!" Today especially in a strong market.
Has anyone who knows this stock better than I do, worked out the approximate forward eps and pe for 2008 onwards based on the new contract win? I've worked my way through the last few posts but can't find what I was looking for.

Seeing the share price price drop today I went in at 327p and feel I have a real bargain.
Having noted that latterly the trading seems to have been between a low point of 310p and a high before the announcement of 370p. Looks strong for 400-450p to me but then, as I say, I don't know this too well yet.

[lpf] 07/6/2007 13:42

taking breath after its climb of the last few days?

market uncertainty after today's announcement of the new acqusition?

or just market noise - it is less than 2%, and on what, about 0.1% of market cap traded? Pretty inconsequential stuff.

[5dally] 07/6/2007 11:01

Why on earth has the share price dropped,is it just general market conditions?

[lpf] 07/6/2007 07:45

GARP - Growth At a Reasonable Price - see on TMF

[mistertibbs] 07/6/2007 00:06

Solid garp stock. Now you got me there. What is that please? Excellent announcement and possibly even higher than the quoted £168m over time.

[lpf] 06/6/2007 16:16

From today's AGM statement, about the new contract:
the sole strategic partner to deliver their entire housing maintenance and improvement programme. This is worth a minimum of £168million over 15 years but further negotiated works could see that rise. ...

They also report being confident of meeting market expectations - and those expectations have been rising steadily over the last 12 months, and stood earlier this week at a turnover of £315m, giving Mears a forward price-sales ratio of 0.77.

As the non-RSL sector cools, I'd expect to see Mears' margins improve significantly, as costs go down: demand will remain high.

At a forecast earnings yield of 5%, these don't look cheap at first glance, but with revenue growing at 20% per year, they're looking pretty attractive to me as a solid GARP stock.

[5dally] 31/5/2007 16:01

Whats up here, nice surprise

[simon gordon] 25/5/2007 13:25

Looks like a gentle de-rating post the diwersification.

[lew stules] 25/5/2007 13:23

Gone below the 200 SMA will drift back to £2.60ish IMHO.

[timmbo] 24/5/2007 13:21

long forgotten this puppy. straight back to summer last year price..then a buy

[cambium] 30/4/2007 16:07

Bob selling more to top up in WYT

[hosede] 30/4/2007 15:52

well topped up with another 8k at 320 - lets hope its just another hiccup. If Bob Holt does as well with Careforce as he has with Mears these prices will get left well behind in ayear or two

[hosede] 30/4/2007 12:41

Can't see why ! The careforce has been a done deal for at least a week - maybe a broker's note

[danski] 30/4/2007 11:12

no sell recommendation in any sundays as far as i can see. must have sth to do with the careforce deal

[hosede] 30/4/2007 09:59

Sudden plummett this morning - a mass of small sells - must be a "sell" rrecommendation in one of the Sundays. Could be a good time to top up

[hazelton] 22/3/2007 19:22

AEGEON Group , major interest in Mears

[fellowes2] 06/3/2007 22:44

The Domicilary Care sector is a growth Market, although there are issues such as very strict regulation and problems in recruiting and retaining good staff. The Careforce Management are not highly rated by the City and Mike Rogers did not exactly excel himself in his previous role at Nestor Healthacre, and this is being very kind.

I am suprised that Mears did not buy one of the larger unquoted Home Care providers, my view is that this is not a sector that Bob Holt knows well and I can see why there were Director disagreements over this strategy.

[mistertibbs] 06/3/2007 22:34

If it's any comfort, which I doubt, Laidlaw Scott work for local care home so they at least have experience in this field.