Mears Share Discussion Threads

[volvo] 14/7/2009 09:29

My calculations was that about 6pc has changed hands here during the last month.

The company have had one existing shareholder declare buying but no sellers have come forward.They assume it maybe holders of less than 3pc selling.

It is baffling to all involved as the Mail article implys.FWIW FD Smith and his fellow directors are concerned of an opportunistic offer.

[rivaldo] 14/7/2009 09:21

FWIW Volvo I agree about the takeover possibilities - the security of income and low rating must be EXTREMELY tempting to acquirors!

I assume the seller has been AEGON, who were reducing per the 11th June RNS. Given today's rise perhaps they've stopped. Until we get another RNS there's no way of knowing if they were merely top-slicing or selling most or all.

[volvo] 14/7/2009 08:58

I have mentioned this before, but this company has the appearance of the price being held as a buyer steadies itself ready for a bid.

The FD Andrew Smith has noted the bid price is always being nibbled at constantly even with very small buys (this just happened again this morning).This just stops any cohesion and momentum going forward for its shareprice.

Even the larger share holders moving in and taking out large volume has not stopped this.Some sort of jiggerypokery going on.

From yesterday

"Brewin Dolphin suggests Mears could be an attractive takeover target"

[ghurah] 14/7/2009 08:36

some movement finally

[cwa1] 14/7/2009 08:25

Investec's comment from yesterday according to DJN:

0852 GMT [Dow Jones] Mears Group's (MER.LN) bid pipeline remains strong and prospects for further wins are very good after the company wins a GBP200M social housing services contract with Brighton and Hove, Investec says. This takes the value of new contracts won by the group in '09 to nearly GBP400M, it notes. Investec reiterates buy rating and 228p price target. Shares +0.9% at 230p.

Buy and price target of 228p?? Shome mishtake here shurely?!

[volvo] 14/7/2009 08:13

Its becoming a elephant in the middle of the room.Great contracts, more to come, every investment house saying strong buy and yet we go no where. Someone WILL try a cheeky 350p offer soon.





Taking the value of new contracts won by the group in four months to almost £400million, Mears confirmed the award of a £200million, 10 year contract with Brighton & Hove City Council for social housing services. The news sent the shares up to 235p before they hit a brick wall and closed 2p lower at 226½p.

The underperformance continues to baffle followers. Virtually every sector analyst is bullish. Charles Stanley estimates the group trades on a price earnings ratio of 10.7 times 2009 and 9.4 times 2010 earnings and that is far too low when considering the group's strong growth potential, defensive qualities and its significant discount to the wider Support Services sector. Brewin Dolphin suggests Mears could be an attractive takeover target.

[volvo] 14/7/2009 08:10

FWIW Connaught will have their Interim Management statement out this week.

It will move their share price.

They don't have this persistant seller. You cant have one without the other though and Mears will have its day.

[essentialinvestor] 13/7/2009 19:26

Which institution is selling I wonder.

If the share price declines on today's news (although well flagged in advance)
and given a strong day on the markets, what is going to move the price.

[mk2b] 13/7/2009 12:39

Ah, did not suspect that, aware the buys and sells on ADVFN are not always what they seem. Hope that someone gets a move on.

[peterboroughmatt] 13/7/2009 12:02

that was a sell.

Big volumes today made up of someone still clsoing a position, been going on for afew weeks now

Matt

[mk2b] 13/7/2009 11:46

Last buyer had to pay £2.30, though it was for 25000.

[5dally] 13/7/2009 11:41

Can you believe it,,,,fantastic news and the share price is down....

[investinggarden] 13/7/2009 11:39

New £200m contract for Mears

[marvelman] 13/7/2009 11:22

Alerted to these when I saw Volvo's name on the thread...great admirer of his and does his research very thoroughly. Looks a very steady prospect for a medium to long term investment and a relatively safe sector (if there is such a think these days). Good luck to you all....hope to join you when funds allow me to.

[volvo] 13/7/2009 08:40

Results are out in a months time.

There will be earnings upgrade as well as good percentage increases on every aspect.

Stay cool, along with further contracts bewtween now and then, the markets will let Mears catch up with Connaught so thats about 330p soon.

[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.