Mears Share Discussion Threads

[gswredland] 06/7/2009 13:57

Looking a bit sickly sadly
Surely we must be near the bottom.

[geovest] 06/7/2009 13:31

Volvo, looks like your seller is still offloading.

[peterboroughmatt] 06/7/2009 11:02

Agreed

277051 traded so far today on LSE

157,759 Buys Vs. 44,292 Sells With 75,000 Unknown (they were buys)

Some big buys just going through the last few mins (£50k trades)

Matt

[volvo] 06/7/2009 10:42

Lady we have had a seller for 4 weeks now selling a decent position.

It will not last forever and Holt and the company simply could not be more bullish in todays statement!

Like I said before 300p by end of July.

[lucky_lady] 06/7/2009 09:35

Market doesn't seem to think much to the news.

[volvo] 06/7/2009 08:08

Seymour Piece a week ago.

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] 06/7/2009 07:57

Cant say more than this without being called a ramper.

Commenting, Bob Holt, Chief Executive of Mears Group, said:
"The level of opportunities have never been stronger both for our Social Housing
division where we continue to build substantial organic growth and in our Care
division where we have doubled revenues and profits since we entered this market
just two years ago and have a very strong platform from which to build
significant growth both organically and by further acquisitions

[volvo] 06/7/2009 07:51

The contracts start coming here with 70m today!

Bob holt today

"I look forward to be able to announce other significant contract awards in the not too distant future."

Er try this Friday/Monday with a 240m contract for Brighton and another 220m by end of July taking the order book well over 2.2 billion a 40pc increase.

[peterboroughmatt] 03/7/2009 17:13

24128 Buys vs. 4546 Sells.

Roll on the 10th

Matt

[volvo] 03/7/2009 08:40

Connaught interim management statement next week along with the confirmation of the 10 year Brighton contract on Friday should see a rerating.

[peterboroughmatt] 02/7/2009 17:49

Another none eventful day, not many on this bb either, roll on next friday and hopefully we will see some news re Brighton.

Whos taking the bets on when the crowds will arrive here, my money is on Monday 13th, after the weekend press has covered a great contract win for Mears.
Anyone else care to speculate???

Matt

[volvo] 02/7/2009 08:09

peter without doubt Mears is lagging the markets.

It appears someone can keep the shareprice where they want it.

There are a number of decisions regarding decent contracts coming this summer starting on the 10th July with confirmation of Brighton and Hove and a 230m to 240m contract.

Other contracts will follow.According to FD Andrew Smith the attention of Connaught "would hardly be surprising at these current levels"

The facts will speak when they are ready.

[peterboroughmatt] 01/7/2009 22:32

The trading pattern does seem a little strange, someone mentioned Connaught might come in.
In all honesty i havent had time to check out this rumour so dont know if there is anything in it.
What i do know is Mears are a very good well run company with loads of work being lined up

Matt

[volvo] 01/7/2009 20:29

All will come clear on th 10th July.

[volvo] 01/7/2009 20:26

From post the 22nd June meeting.

10.12 RESOLVED – That, having considered the information and the reasons set
out in the report, the Housing Management Consultative Committee accepted
the following recommendation:

That Housing Management Consultative Committee recommend to Cabinet
to:
(1) Approve the selection of Mears Limited for the Repairs, Refurbishment
and Improvement Strategic Partnership contract covering the whole city.
(2) Authorise the Director of Adult Social Care & Housing in consultation with
the Director of Finance & Resources and Cabinet Member for Housing to
develop and implement a partnering contract over time to deliver the
target pricing framework as outlined in 3.11.4-3.11.9 of this report.
(3) Authorise the Director of Adult Social Care & Housing in consultation with
the Cabinet Member for Housing to take all steps necessary or incidental
to the implementation of recommendations 2.1 and 2.2 including those
necessary to effect the commencement of this contract on 1 April 2010,
to run for up to ten years, and any staffing issues associated with the
proposals.
133

[volvo] 01/7/2009 20:03

My thoughts are this company could be being set up to be bought.The trades suggest someone keeping a lid on things.Why? thats the question.

[volvo] 28/6/2009 14:44

Thats a fact.No buying allowed.

We will get plenty of action through this summer.

These contracts could increase the order book by 50pc I am hearing.

[peterboroughmatt] 27/6/2009 22:48

JoshAlexander - if these contacts are a done deal the directors will know price sensitive info hence why they cant buy

Matt

[joshalexander] 27/6/2009 10:14

No Director buying at this level though I notice ??.

[volvo] 27/6/2009 10:12

Naked Trader openly admits too selling because he got bored with the lack of action.According to sources at the company the Brighton and Hove deal is done.This only one of 5 decent contracts nearing completion and there is going to broker upgrades and price averaging 350p.Totally agree with the 300p in 4 weeks senario.

[chrisfoster] 25/6/2009 21:57

peterboroughmatt - I monitor NT's trades from time to time as I find them a useful introduction to some solid companies I've never heard of - MER one of them. He certainly knows what he's doing but you'd be nuts to follow him in - already priced in, like most tips.

[chrisfoster] 25/6/2009 21:53

Mears has been my best performing share these last 2 months as I've had a couple of longs come good. I was surprised by the recent fall but glad to get in again at 231, especially with talk of new contracts and broker upgrades.

[sruthan] 25/6/2009 11:08

Pmatt, he bought at 244 in Dec and 218 in Oct so he's still up - he has bought around the 300 mark before and I agree that it's likely to be heading there soon. imho.

All his trades are shown at: