Mears Share Discussion Threads

[peterboroughmatt] 25/6/2009 10:56

sruthan - Blind leading the blind imo, what price did he buy at?

With all these contracts soon im personally glad to be in this one and have a target of £3 within 6 weeks

Matt

[sruthan] 25/6/2009 10:54

I see Robbie Burns sold his holdings on 17 June - he would have been followed by others and that would explain the price drop i.m.o.

I'm looking for a further dip to top up given the defensive nature of Mears and the prospects for more business.

Good luck all.

[cwa1] 23/6/2009 16:42

Afternoon All

Dipped my toe in the water this afternoon with 5000 at 229p. Hope it represents good value at these levels. Fingers crossed anyhow. Good luck to all.

[volvo] 23/6/2009 16:24

Well over 2pc of company traded today.

Lets get these weaker holders out in the open.

Going to see action soon as all these shares are being bought up.

[pbracken] 23/6/2009 14:41

From SEYP:

Our price target of 410p for Connaught and 340p for Mears
represents a 2010E PER of 15x and 14x respectively. While these valuations may seem
high in the context of the current macroeconomic climate, we would note that these
are still discounted when compared to each company's historical forward PER and, in
our view, are justified by the potential for upgrades from the social housing divisions and other key markets; both companies have a strong track record of earnings
upgrades.

[volvo] 23/6/2009 11:50

It is becoming transparent today that we have a seller who is being taken out at 232.5p selling over 800k shares today.

Can see this going straight to 280p to 300p with these contracts.

A pe of 9.6 for this year and 8.9 for next whilst growing at such a rate is wrong and will be addressed by the market eventually.

[peterboroughmatt] 22/6/2009 18:24

All looking good im back in.

Sold out early last week as needed cash for something elese cant believe this has fallen back again.

Matt

[mdrans1] 22/6/2009 18:16

Volvo

Today's Housing Management Consultative Committee recommendation is to Cabinet (if confirmed), and Cabinet does not meet until 9 July.

[volvo] 22/6/2009 16:15

For any readers, confirmed today this only one of five large contracts that Mears are the prefered supplier and are awaiting confirmation!

[volvo] 22/6/2009 12:20

That would be it, well done.

That meeting is today by the look of things.Could be announced sooner than you think.

2. RECOMMENDATIONS:
That Housing Management Consultative Committee recommend that Cabinet:
2.1 Approve the selection of Mears Limited for the Repairs, Refurbishment and
Improvement Strategic Partnership contract covering the whole city.

[mdrans1] 22/6/2009 11:56

volvo
Could this be it:-




HOUSING MANAGEMENT
CONSULTATIVE COMMITTEE
Agenda Item 10
Brighton & Hove City Council
Subject: Housing Repairs, Refurbishment and Improvement
Strategic Partnership Recommendations Report
Date of Meeting: 22 June 2009
Report of: Director of Adult Social Care & Housing
Contact Officer: Name: Nick Hibberd Tel: 29-3756
E-mail: [e-mail]
Key Decision: Yes Forward Plan No: CAB10165
Wards Affected: All
FOR GENERAL RELEASE
1. SUMMARY AND POLICY CONTEXT:
1.1 The Procurement Strategy for Housing Revenue Account housing stock which
was approved by Policy & Resources Committee on 03 April 2008 included
approval to tender for a 10 year Housing Repairs, Refurbishment and
Improvement Strategic Partnership for the delivery of comprehensive repairs,
maintenance and associated services to the council's housing stock. This report
details the procurement process, the outcome and seeks authority to award this
contract.
2. RECOMMENDATIONS:
That Housing Management Consultative Committee recommend that Cabinet:
2.1 Approve the selection of Mears Limited for the Repairs, Refurbishment and
Improvement Strategic Partnership contract covering the whole city.


There is a Cabinet meeting on 9 July but no agenda as yet.

[pbracken] 05/6/2009 12:24

1349 GMT [Dow Jones] Mears (MER.LN) AGM trading update is short but upbeat and confirms it continues to perform well, says Panmure Gordon. "With good revenue visibility, positive contract momentum and an attractive valuation, we reiterate our positive stance," it adds. "The share price has been weak and this provides a good buying opportunity," adds Panmure. Has a buy rating. Shares +1.4% at 242p. (ISD)

[volvo] 03/6/2009 11:40

Absolutly on the money again.

[volvo] 02/6/2009 11:43

Looking for a AGM statement tommorrow saying growth continues to be strong and order book at 1.6 billion with further new contract opportunities during the year ,these are apparently soonish dyor.

[hosede] 02/6/2009 11:07

MER has been left behind a bit recently - punters buying more risky shares - looking good value now for a rise to 260 ish

[volvo] 01/6/2009 12:55

Chunky buying and selling again.

All they can do is just keep delivering and building the order book further than the current 1.6 billion.

Defensive or not this is delivering growth and fast.

[volvo] 01/6/2009 10:30

Bob Holt, Chief Executive | Tel: [phone]

[lucky_lady] 01/6/2009 09:18

is the word where?

[volvo] 01/6/2009 07:53

Can see this through 260p in a few days.More contracts coming soon is the word.Come on Mears.

[volvo] 28/5/2009 09:41

There will be a statement on Wednesday confirming everything remains strong.

[volvo] 28/5/2009 08:04

Holt strutting his stuff yesterday go forward to 18 min.

"we see no turn down whatsoever in fact the opposite"

[volvo] 27/5/2009 14:03

It has in the bank 92pc of its yearly earnings ALREADY and an 1.6 billion order backlog.

Of course it takes its chairman going on TV and shouting about it to get it notice.

This company is a pe of 9 and that is wrong for a company growing at this rate at this time.It is a jewel and should be valued as such.

[lucky_lady] 27/5/2009 13:55

Chairman has just been on Working Lunch, sounding very positive about the company.

[lucky_lady] 27/5/2009 13:19

Bought in this morning at £2.25, thought they were due a bounce. Going good so far. Great Company.