Mears Share Discussion Threads

[5dally] 08/1/2009 07:08

Mears Group PLC

("Mears" or "the Group")




Pre-Close Trading Update

Strong Trading Across All Divisions




Mears is delighted to report that trading for the year ended 31 December 2008 across all divisions was in line with management expectations in what was a difficult year for the British economy.




Mears has two principal growth engines, social housing and domiciliary care which have performed strongly during the year and have grown in line with the Board's strategy to build market leading positions in these two high growth and highly defensive markets.




The Board is also very pleased with the successful achievements during the year in building a care provision alongside the Group's social housing services, where Mears now has partnership arrangements in place with Cross Keys Homes, Wakefield Homes and Circle Anglia to provide a combined care and repair service and the Board anticipates making further progress in this area during 2009.




The Group has maintained a strong balance sheet and low gearing going into the new financial year and will continue to benefit from strong cash flow.




The Group will be announcing its preliminary results for the year ended 31 December 2008 on Tuesday 10 March 2009.




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




"I am delighted with the progress made across the Group during 2008, particularly with our achievements in building a successful care provision alongside our social housing services.




"We have already secured 81 per cent of the Group's consensus forecast revenues for 2009 and our forward order book stands at £1.6 billion. We continue to see strong forward demand for our services with good levels of activity in new contract bidding. We are confident in the future prospects for the Group."




ends

[5dally] 07/1/2009 16:17

Careforce are doing very well for them

[scurfiee] 07/1/2009 12:35

volsung - with the right bit of news, this could hit 300p easily.

[volsung] 06/1/2009 15:34

Out of it at the moment scurfiee - a tad early I think ;( Would buy in again at 250p

[scurfiee] 06/1/2009 15:32

volsung - Mears making steady progress. Graph's looking decent.

[volsung] 31/12/2008 13:02

SOLA was very nice. Have a great New Year scurfiee

[scurfiee] 31/12/2008 12:17

volsung - hardly ever check in here - yes, we're doing well at the mo. You'll be pleased with sola also. All the best.

[volsung] 30/12/2008 15:19

Unfortunately sold at 1.48 Just what NT tells us not to do. Run the winners...I will run the winners...I will run the winners...Still a profit is a profit.

[joshalexander] 30/12/2008 15:12

The Bears have gone very quiet.

[volsung] 18/12/2008 15:45

You here too scurf? Bought a few SOLA today. DGO getting stuffed by the crude price :(

[volsung] 18/12/2008 15:43

In for 1000 at 238.6 Naked trader seems to like it.

[scurfiee] 15/12/2008 09:30

I bought at 299, so have no choice but to hang on.

[eenyweeny] 14/12/2008 20:27

Maybe price reacted just as players guessed it would when it hit 1000 day Exponential Moving Average, exactly as would be expected in bear market conditions.



zoomed in. . .





I am not a holder of this stock. I am interested however as a potential and I am watching this 1000 day EMA closely. If price can get above in these current conditions then that would impress me! However if the 1000 dema resistence holds price back then I think price will drop back further for a while before building strength for another upward move. Such an outcome could be weeks or even months.
I do not want to fall for some kind of suckers rally. I am more wary than eager!

[scurfiee] 11/12/2008 15:38

saltaire111 - don't think I've posted here before, but held for a while. I was puzzled also but put it down to profit taking. Doing well again today though.

[saltaire111] 10/12/2008 21:34

Does anyone have any idea why the shared dropped back so much today?

[protean] 22/11/2008 11:23

"Despite its exposure to the housing market, Mears Group has held up well because it is a niche business involved in the repair and maintenance of social housing in the UK.

An update last week showed continued strong trading across all its divisions and the support services company is confident that it will meet expectations for the full year. Mears has won £230m of new social housing contracts since July 1 and recently announced further awards to supply home care to Norfolk County Council and Windsor and Maidenhead Council.

These will add £3m to annual revenues and analysts are confident that it will be able to convert its 'strong' bid pipeline into more deals. Buy at 231.25p."

[spob] 12/11/2008 18:01

Everybody Hates Merrill Lynch This Week

[toby tots] 05/11/2008 17:51

Strange, after an optimistic mention in the Mail today!

[hosede] 05/11/2008 10:41

ROK's horrendous profit warning today shows that state spending is no buffer in this downturn - hence the parallel falls in MER and CNT

[5dally] 04/11/2008 11:22

Could end up much higher then 2.50 at this rate :-)

[5dally] 04/11/2008 10:29

Another tick up, this and PFD doing well for me today :-)

[5dally] 04/11/2008 09:29

2.50 close today IMO

[cambium] 04/11/2008 08:24

but where now

[5dally] 04/11/2008 08:02

Very good results :-)

[hosede] 16/10/2008 12:11

Yes but both here and more so in the US the pensions deficit is the elephant in the room. The US is bankrupt and can only fund the pensions and medicare of its retiring baby boomers by a massive devaluation of the dollar - ie stuffing its creditors! So inflation suits them fine (though of coure they don't say so), and In the UK the situation is probably not that different