Mears Share Discussion Threads

[hosede] 09/11/2007 13:30

Dead right Tibbs back to area (hopefully) of support

[polopolo2] 29/10/2007 18:38

Good post Josh, the conclusion to the review cannot be far away and I for one will be more than happy with a 10% rise in the share price

[joshalexander] 28/10/2007 12:07

A positive conclusion to the review will be worth another 10% IMO.
This will then provide MER with the scope to pursue an aggressive expansion in the Home Care Market.

Their options were limited at the £2.60 level (to small bolt on aquisitions).
At the £3.30 level they have far greater firepower.

Domiciliary Care remains highly fragmented, there are huge opportunities in this Market to grow quickly.

MER have stated they wish to be the No.1 in this Market, this will require at least one more sizable aquisition in this Sector.

[mistertibbs] 17/10/2007 20:38

As the viagra user would say, good rise while it lasted.

About the social housing. I feel the govt. now more interested in new build as opposed to refurbishment, as stated by bosses at INSP and could be another reason for Mr Holt to diversify into a growth sector such as domicillary care. I had a look at CCGP and it's now on my watchlist but the do appear to have a few divisions running very well and others not so. They also complain about the local authorities (if memory serves me from a few weeks back) and their inability to come forward with business. I don't think that's wise to say so publicly. If I've got that bit wrong, my apologies to holders of that share

[ben gunn] 16/10/2007 19:51

Back in Mears and loving it.

[joshalexander] 15/10/2007 20:36

Nice to see a consolidation above £3 - and on a weak day as well for the Markets

[5dally] 12/10/2007 15:48

What a stock to hold:-)

[5dally] 12/10/2007 09:39

Good start to the day

[polopolo2] 11/10/2007 11:34

Regardless of PE etc this is one hell of a quality company that gives substance to such numbers with excellent profits sustained at each and every reporting point. Results of BBC allegations Investigation are due anytime and I expect more news of contracts won in the future giving me the opportunity to put my finger to the keyboard and bravely state that IMHO we will be back up to 370 within a year and up minimum of 10% by Christmas.

[hosede] 09/10/2007 11:41

Had a look at CCGP Josh, but they look way to expensive to me at the moment (PE of 50 and PEG 1.9). The difference is that MER grew entirely organically until recently while CCGP is growing by acquisition. This is much more risky! It can work well - I hold SPI that has grown very well that way - but !st Dental has been a bit of a disaster. Will keep watching

[hosede] 08/10/2007 23:12

thanks Josh - I first bought 10k at 29p - if only I'd bought 100k! Good rise today. should really solidify the support just below 260

[joshalexander] 04/10/2007 20:10

hosede

Congratulations, you must have a very nice retirement fund to look forward to,
as MER's record over the last five years has been stunning.

I am heavily invested in Claimar Group (CCGP) - which is a Domilicary Care provider - and has just entered into higher margin acute care with yesterday's aquisition of Complete Care.
Claimar reminds me very much of where Mears was 5 years ago,
the difference being that they operate soley in the Care Markets.

[hosede] 04/10/2007 16:03

Thanks Josh for correction. Mears is by far my biggest holding, but they have been so reliable over the years, I don't take too much interest in the details - I just let them get on with it and (so far) they've produced above expectation results every time!

[polopolo2] 04/10/2007 11:40

The Independent Investigation results should have been out last month, my guess is they will want to dot the i's and cross the t's etc before the announcement which surrounds a company with - IMHO - impecable integrity. I reckon a favourable outcome will come before this month is out.

[5dally] 04/10/2007 10:07

Doing well again today:-)

[5dally] 03/10/2007 09:16

Should we not have had the results of the BBC allegations by now polopolo2,

I can only see the share price rising from now IMO and hold with confidence, Care in the home will continue to grow, no doubt about that, the need or should I say the demand to free Hospital beds for non medical patients is stronger now then ever and the home care sector are being pushed to the limit to cope with this demand,
IMO local councils will be offloading ALL the responsability for this care to Agency's and in the very near future IMO

[joshalexander] 29/9/2007 08:31

polopolo2

I am aware that this has caused much of the current malaise in the share price
There needs to be a quick and favourable conclusion for the sake of anyone holding here.

Make no mistake, the current share price is holding back growth by limiting aquisition opportunities IMO.
The longer this continues the more serious the impact is.

Closing at just above £2.60 yesterday, Mears need some good news - and quickly.

[polopolo2] 28/9/2007 19:50

Fear not, this one will bounce when bbc investigation is concluded shortly.

[joshalexander] 28/9/2007 18:35

Its Domilicary care, not carehomes - which is a completely different market.

The issse is that the current shareprice is now going to limit expansion opportunities IMO.
Mears will effectively be unable to issue many new shares at the currect share price
They wanted to persue an aggressive expansion in domilicary care, mainly by aquisition over the next couple of years.
I think this door is now largely closed with the current weakness in the share price
This does not bode well for longer term growth IMO.

I would not hold currently, too much uncertainty, as always DYOR.

[hosede] 28/9/2007 10:36

I think investors are waiting to see how the carehomes side performs.

[sunburst] 27/9/2007 18:02

(1) Tipsheet retains "hold" position on MER.

But (2) MER counter-trends the market with a 2% fall today.

Often shares I own get hit by shorters but this surely cannot be the case with MER. Is it the result of the recent scandal (or supposed scandal)?

[rafieh] 30/8/2007 14:15

The downward drift has been resumed.

[hosede] 21/8/2007 09:00

Yes another another excellent set of results. The trouble is the market expects this from MER and there is little response. Still at this price the PE should be down well into the teens by the end of this year. If (when) the sh*t really hits the fan over the credit crisis this looks a good defensive hole