Mears Share Discussion Threads

[cwa1] 13/7/2009 08:08

Hasn't over excited the market yet tho.......

Patience I suppose.

[volvo] 13/7/2009 07:48

They are confident of a order book of 2.4 billion by end of summer up from 1.6 billion in April.The market will realise it, it always does eventually.

[cwa1] 13/7/2009 07:44

Yes Volvo, I loved that last line :-))

[volvo] 13/7/2009 07:39

They will move this share soon!!!!!!!

As planned.

As I said the order book will increase by 50pc from start to finish. ITS PE IS SINGLE FIGURE, HARDLY A GROWTH STOCK VALUATION!!!!!!!!!!

Like this on its own line to finish the RNS.

"I look forward to bringing you news of further contract awards soon."

[peterboroughmatt] 11/7/2009 16:36

mdrans1 - But you can spend Yorkshire IOUS in California!!!!!!!!!

wtf

[mdrans1] 11/7/2009 12:31

hosede

Thanks for the warning but,

I have been to Brighton.
I was born in Yorkshire.
I know Brighton is not in Yorkshire.

[hosede] 10/7/2009 20:51

The new contracts are great, but I think all you guys are overlooking the problems MER are going to have getting their money. As unemployment soars, so will council tax defaults etc. Councils in the UK are going to become desparately short of funds. Will MER be accepting Yorkshire IOUS for example as in California? everything that happens over there comes over here a year or two later! Beware!

[volvo] 10/7/2009 10:18

The Cabinet of Brighton and Hove duly passed Mears as the preferred supplier yesterday.According to the council there is now a consultation period with employees and current suppliers (they are telling whats going to happen) and then Mears can formally announce which will be soon.

Looking at 10 year contract worth 220m up to possible 290m.

[ghurah] 09/7/2009 18:34

its always good to have big volume it helps to break a trend. we have another peterborian here ;-)

[peterboroughmatt] 09/7/2009 17:46

Volume dropped off today, seller finished ready for its new holder to make some cash????

Matt

[ezodisy] 08/7/2009 16:07

some large trades went through today. Looks good for tomorrow and Friday

[volvo] 08/7/2009 11:25

EI thankyou for your admiration.

Tommorrow at 4pm the Cabinet of Brighton and Hove will meet to pass the resolution to give Mears a 10 year contract for all housing maintainence worth between 230m and 250m.



There has been a full review already and the recomendation is that the Cabinet pass the resolution.It is a done deal.

Whether this news moves the price we will have to wait and see but that would amount to 300m of orders in a week.WITH THIS NEWS IMMINENT THE DIRECTORS ARE NOT ALLOWED TO DEAL AS IS PRICE SENSITIVE(hopefully).

In the end value will out.

[peterboroughmatt] 08/7/2009 10:02

Because it would be illegal for him to buy shares at the moment

[mdrans1] 08/7/2009 09:39

ACM Smith finance director 20/09/07 Buy Deal size 50K value £135k. (taken from ShareScope )

[essentialinvestor] 08/7/2009 08:57

I admire your faith in MER, but there is no chance of £3.00 a share by the
end of July IMV.

If Bob Holt is so encouraged by the prospects here then why does he not buy some shares??.

When is the last time any Director bought any shares in MER.

[volvo] 07/7/2009 15:56

Has the seller done his lot.Maybe maybe not either way he cannot go on much longer.

Nearly 2m in 2 days is good going.They have selling since we were in the 240's.It is normal practice for the market makers to get wind of a sell off and the price has lowered to give new buyers a premium.

Looking for 250p plus when the Brighton news is official then 300p by end of July.

[volvo] 07/7/2009 09:33

peter yesterday we saw 1m shares and today already 750k as this loose seller is taken out.

There is 74m shares so about 2.5pc of company traded in 2 days trading.All from one seller and all bought. Take it positive that buyers are more than ready to take them on with 220p being the base.

When the dust settles we will move.

[peterboroughmatt] 07/7/2009 09:15

Shame the share price isnt reacting, there was massive volume for Mears yesterday, on the companys website it would seem there are only 57% held by the big boys, not many really.
Thinks are looking good for mer lets hope shes not yet another that frustates

Matt

[volvo] 07/7/2009 09:08

Of course it is a done deal!

Holt yesterday was almost too direct in the RNS in his positive outlook.

Basically all the management are telling the same story "we are booming, and more and more long term contracts keeping arriving so take note!"

And to shut up the doubters he even stated "Mears is not experiencing and does not anticipate a slowdown in either opportunities to grow or in public sector spending in our two primary offerings".

Results are in August so are only 5/6 weeks away.

[volvo] 07/7/2009 08:01

Daily Mail

Social housing and domiciliary care group Mears dipped 21/2p to 2231/2p after announcing £70m of new contracts across both of its core divisions, potentially rising to £90m if options to extend are exercised. In the year to date new business has increased to £175m and theorder now is well in excess of £1bn.
Investec has a target price of 332p and says the bid pipeline remains strong and further positive news flow on contract wins is likely. Recent industry gossip has suggested the company has won a major Brighton & Hove social housing contract and confirmation could come before the end of the month.

[peterboroughmatt] 06/7/2009 14:25

Thing is the way i see it is councils will be rushing to sign deals with companys like Mears asap so they can avoid any budget cuts that might be around the corner.

In all honesty at these prices Mears is sure to be a takeover target and Bob Holt knows it and wants the share price to rise sharpish

Matt

[pbracken] 06/7/2009 14:12

Just picked up 8.2K. Mkt is discounting anticipated fall in public spending far too aggressively. Cheap as chips at these levels, and as a defensive stock today's market reaction is borderline barmy.