Mears Share Discussion Threads

[5dally] 21/7/2008 11:04

Nice to see one of my stocks rising on a very good RNS

[5dally] 21/7/2008 07:11

All good news here :-)


RNS Number : 4597Z
Mears Group PLC
21 July 2008

21 July 2008
Mears Group PLC
(*Mears Group*)

£170 million of new contract wins for Social Housing Division

We are pleased today to be able to announce further significant social housing contract
awards amounting to £170m. This brings the total
aggregate contract awards in the 4 months since we announced our preliminary results to over
£340m.

Metropolitan Housing Trust

We have been awarded a 10-year sole partner contract with Metropolitan Housing Trust
(*MHT*) based in London and the Midlands to provide
responsive repairs, planned maintenance, cyclical decorating and voids services. MHT own over
30,000 properties, making them one of the
largest Housing Associations in the country. The total contract is valued at £157 million.
The contract is due to commence on 1 October
2008.

Bracknell Forest Homes

We have been awarded a 4-year partnership with Bracknell Forest Homes (*BFH*) to carry out
Decent Homes works. BFH was established in
February this year, following a transfer from the Council. BFH has over 5,600 properties. The
contract is valued at £13 million.

Commenting, Bob Holt, Chief Executive of Mears Group, said:

*The first 6 months of 2008 has been record breaking for Mears in terms of new contract
wins. The award of the Metropolitan Housing
contract, in particular, is another tremendous success for the Group. We continue to place
great emphasis on winning good quality contracts
that provide clear and sustainable margins and where our partnership ethos will be valued. The
pipeline remains strong and I look forward to
bringing news of further contract awards in the near future. Our order book now stands at
£1.6 billion and the visibility of future revenues
has been enhanced. We are confident of further tender success in the near future*.

www.mearsgroup.co.uk

Mears (LSE ticker: MER.L) is a leading provider of outsourced services to the public sector.
The Group operates across two core divisions,
that of Social Housing and Domiciliary Care. The Social Housing division provides rapid
response and planned maintenance to Local
Authorities and Registered Social Landlords in the UK, and is also a provider of building
services for capital improvement works such as the
Decent Homes programme, which aims to ensure all social housing meets set standards of
decency. The Domiciliary Care division provides
support to people, mainly those over 65 years of age, who remain in their own homes through
the provision of personal care services, which
are delivered principally as part of outsourcing arrangements with Local Authorities.

[ragandboneman] 10/7/2008 11:14

New to thread. Thought this may be relevant to sector that Mears operates in.



Hope its helpful.

[polopolo2] 07/7/2008 10:36

One of the few ports in the current storm

[polopolo2] 23/6/2008 10:58

The share price has fallen in the last few weeks prior to full listing from today. My guess is it was to do with the variety of tax complications whilst it remained on AIM. However, with Mears now ISA eligible from today they would appear a real bargain below 300.

Get in there!!

[emptypiggy] 17/6/2008 23:45

Hi mistertibbs,,spotted a laidlaw van today as i was passing through paisley not sure about there base but what i did notice was that on the side of the van was an advert for there regional offices for Glasgow,Edinburgh & Carlisle,,

[5dally] 17/6/2008 18:12

Nice move up today

[mistertibbs] 09/6/2008 14:31

Just noticed a van showing Laidlaw Scott are working with Glasgow housing association in Shettleston. Didn't see that on their website. Interesting to me as this is nowhere near their base in Paisley

[joshalexander] 05/6/2008 12:35

"Satisfactory performance" is less buoyant than their usual trading updates IMO.

[5dally] 04/6/2008 07:33

RNS Number : 8890V
Mears Group PLC
04 June 2008


4 June 2008
Mears Group PLC
("Mears Group" or "the Company")


AGM Statement


At the Company's Annual General Meeting to be held at 12.00 p.m. today, Bob Holt,
Chairman, will issue the following statement:

We are pleased to report a satisfactory performance for the first four months of 2008 and are
confident that the Company will again produce
results to meet the Board's expectations.


Social Housing division

When we announced record results in March of this year, we highlighted that a return to
bidding on a highly selective basis had generated
significant success during the six months to March 2008. We have continued this momentum and
we have already announced £57m of Social
Housing contract awards since that time.

We are pleased today to be able to announce further social housing contract wins amounting to
in excess of £80m as follows:


Cross Key Homes
We have been awarded a 10-year partnership with Cross Keys Homes to provide responsive
repairs and voids services. The contract is
valued at £41m for the 10-year period. This award widens the range of services we provide to
Cross Keys Homes, adding to the partnering
arrangements we hold with them for Decent Homes, Gas Servicing and Cyclical Decorations.


Blackpool
Mears has been awarded a £20m Decent Homes partnership with Blackpool Coastal Housing,
valued at £5m per annum for the next 4 years.


Liverpool Mutual Homes
We have been awarded preferred supplier status to deliver Decent Homes works to Liverpool
Mutual Homes. Mears is one of eight partners
and will share in a spend valued at £160m over the next 4 years.

Our order book stands at £1.4 billion and provides full visibility for 2008 and strong
visibility for 2009 and beyond. We continue to
place great emphasis on winning good quality contracts that can provide clear and sustainable
margins.

The size of the social housing bid pipeline for contract tenders remains extremely healthy
and we continue to target customers who share
our view of long term partnering arrangements.


Care division

We are pleased to announce five new contract wins by our care division amounting to over
6,500 hours per week or over £4m of annualised
revenues. Careforce continues to build a presence across a growing geographical area and is
well placed to take a leading position in the
consolidation of the domiciliary care market. Investment in infrastructure and people
continues as we grow the business.

The 5 new contract wins are as follows:


Blackburn with Darwen
A preferred supplier status for one of three localities within Blackburn with Darwen
Borough Council. The contract to supply homecare to
Blackburn with Darwen Borough Council commences in July 2008 and runs until March 2011 with a
possible extension for a further 2 years. The
expected volume under this contract will be 1,000 hours per week. It is understood that the
number of providers in the area has been
reduced from 13 to 9 as a result of this recontracting process.


Manchester City Council
A locality based contract to supply home care to Manchester City Council commencing on 23
June 2008 for an initial term ending on 31
March 2011, with a possible extension for a further 2 years thereafter. The expected volume
under this contract will grow to 2,250 hours
per week. Given such volume, this contract represents the largest contract win in a new
location achieved by Careforce since it was acquired
by Mears and together with recent wins in Trafford, Wigan and Blackburn with Darwen
strengthens the Company's presence in the North West of
England.


Southend-on-Sea
A contract to supply homecare to Southend Borough Council will commence 1 October 2008 and
run for an initial period of 3 years with a
possible extension for a further 2 years. It is expected that the hours supplied under this
contract will grow in stages up to 2,000 hours
per week. As a result of this contracting exercise we understand that the number of contracted
providers has been reduced from 19 to 6.


Surrey
A contract to supply both homecare and live-in care to Surrey County Council has been awarded
to commence 1 April 2008 and run for an
initial period of 2 years with a possible extension for a further 2 years. The award of the
live-in contract consolidates our existing
supply of live-in care to Surrey. We now also have the opportunity to supply homecare in
Surrey following this contract award and we expect
the initial volume of work to build up to 650 hours per week.


Neath Port Talbot
A block contract to supply a minimum of 750 hours per week of home care to Neath Port
Talbot County Borough Council for an initial one
year contract with a possible extension for a further period of 2 years. Commencing in July
2008, this award represents the Care division's
first contract win in Wales and will provide a valuable springboard to pursue other
opportunities in the region.


Move to the Official List


On 22 May, Mears announced that it intends to apply for admission of its ordinary share
capital to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange's market for listed securities.

I am pleased to say that we are on track with the process of the move and subject to the
receipt of the necessary approvals from the UK
Listing Authority, we expect admission of the Company's shares to the Official List of the UK
Listing Authority and to trading on the London
Stock Exchange's market for listed securities on Monday 23 June 2008.




Bob Holt
Chairman

[whizzy1] 01/6/2008 22:38

great recovery from the bolly

[5dally] 28/5/2008 13:31

mdrans1 Interesting,,I did not know that, looks like we are on the way up today,good company IMV and happy to hold

[whizzy1] 27/5/2008 17:35

I think a few ppl in the know may have been privy to the 1,255,200 sale @ end of day auction.
May plummet in the morning? hope not.

[mdrans1] 27/5/2008 15:49

Any money invested in AIM listed companies falls outside of your estate for inheritance tax purposes after two years. Maybe this has something to do with the price fall. As one of the larger / safer companies on AIM, Mears may have been a popular choice for someone of high net worth.

[whizzy1] 27/5/2008 12:51

Its only gone down since the announcement of main listing.
Im wondering if city thinks Mears is gonna ask for additional funds or is it the fact that the move up will just cost more? hmmm.

[5dally] 27/5/2008 11:41

Don't understand this drop at all,no bad news about as far as I know

[whizzy1] 27/5/2008 10:52

why the drop? thought Mears was doing well? anyone?

[5dally] 22/5/2008 14:51

Don't see why not Geovest:-)

[geovest] 22/5/2008 09:36

Transferring to the main market normally results in an uplift in the share price. Main listing should be very positive for MER in terms of profile and valuation. Give it a year or two and it should be in the FTSE250.

[polopolo2] 22/5/2008 09:33

One of the few ports in a storm at present announces excellent proposed move today;

Mears today announces that it intends to apply for admission of its ordinary share capital to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities.
The Directors believe that the listing on AIM has provided a means of access to the equity financing required to achieve strong, consistent growth in turnover and profit.
It is expected that the Company's ordinary shares with a nominal value of 1p each will be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities and simultaneously cancelled on AIM effective at 8.00 a.m. on Monday 23 June 2008, subject to the receipt of the necessary approvals from the UK Listing Authority.

I will go with that one.

[polopolo2] 15/5/2008 15:27

Gordon Brown's policy on social housing & care for the elderly will keep this one heading north. Long may the climb continue.

[5dally] 15/5/2008 14:49

and up again today:-)

[whizzy1] 12/5/2008 21:48

And again today.