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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mears Group Plc | LSE:MER | London | Ordinary Share | GB0005630420 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-5.00 | -1.37% | 361.00 | 362.50 | 364.00 | 368.50 | 362.50 | 365.00 | 1,273,414 | 16:35:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Bldg Clean & Maint Svc, Nec | 959.61M | 29M | 0.2640 | 13.77 | 399.24M |
Date | Subject | Author | Discuss |
---|---|---|---|
15/4/2010 10:53 | MER retaining work in Birmingham (and winning the gas servicing and repairs work?): "New contractors for council tenants Published by Hannah Wooderson for 24dash.com in Housing and also in Local Government Wednesday 14th April 2010 - 2:37pm Birmingham City Council tenants are receiving repairs from new contractors for their homes." "Mears will continue to repair and maintain the homes of tenants living in Hodge Hill and Yardley. Mears will also undertake both gas servicing and repairs within these two areas." | rivaldo | |
12/4/2010 14:42 | Good to see the share price rising again slowly and surely. | rivaldo | |
07/4/2010 13:40 | Interesting, thx. I'll stick with MER. | rivaldo | |
07/4/2010 12:21 | Breedon is switching out of MER into CNT (where it has just picked up 4% of the company). | pbracken | |
07/4/2010 12:15 | RNS out - considering Breeden have reduced below 3% the share price has performed very strongly recently. Bodes well for the future when Breeden stop selling (if they haven't already). | rivaldo | |
06/4/2010 15:23 | Looking better now... | rivaldo | |
06/4/2010 07:22 | News re MER getting involved in "green" refurbishments - the participation in the Government's Feed In Tariffs could be particularly rewarding: "Eco homes lead the way to green future Date: 06 April 2010 By ANNA SMITH HOME refurbishment is going green in Morpeth in a pioneering combination of eco-technologies.... ...The scheme has come about through partnership work between the housing association, the Mears Group and Faithful and Gould. Mears Commercial and Environmental Manager Paul Kellaway said: "Mears was delighted to have been approached by our partners to look at innovative ways on how to improve the existing refurbishment specification and to include new sustainable technologies, which would make a real difference to the occupant." The success of the scheme in offering cost and energy savings will be monitored by tenants and Castle Morpeth Housing's parent group Isos to help shape future projects." | rivaldo | |
04/4/2010 07:36 | I look forward to MER advancing to nearer all the broker valuations of 340p-350p. Perhaps an influx of ISA funds for the new tax year will help this week. News: "Mears membership of FTSE4Good index continues 2nd April 2010 Mears was admitted to the FTSE4Good index in March 09 and we have recently been informed that our membership continues as our social and environmental policies continue to meet the Index CSR standards. FTSE4Good is the responsible investment index calculated by the FTSE Group. Mears is included in the Index because it meets the Corporate Social Responsibility (CSR) inclusion criteria for member companies. The Index criteria for CSR includes environmental management, human and labour rights and supply chain labour standards. Member companies are measured by their performance in these areas against global CSR standards. FTSE4Good is used as the basis for responsible investment and fund products, as a research tool to identify environmentally and socially responsible companies, as a reference tool for evolving CSR standards and as a benchmark index to track the performance of responsible investment portfolios." | rivaldo | |
31/3/2010 17:38 | rivaldo - I still rate the company highly, and think a fair price is comfortably over £3. But if I can buy them for cheaper still than they are now, even better. | chrisfoster | |
31/3/2010 12:05 | Fair enough chris, but this from only seven posts ago shows 88% revenue visibility and unprecedented opportunities in the downturn for MER: "Mears remains bullish in outlook, partly thanks to "unprecedented levels of opportunity in the public sector', their statement said. The order book is up at £2bn (2008: £1.6 billion). Also, they note an 88 per cent visibility of consensus forecast revenue for 2010 and 69 per cent for 2011. Social housing's bid pipeline is £3.9bn (2008: £2.8 billion) with a significant proportion of contract opportunities at an advanced stage of bidding. The domiciliary care division is "on track to operate under single Mears Care brand". Bob Holt, chairman of Mears Group, said the bid pipeline currently stands at its highest ever level of £3.9bn. "Importantly, our two growth markets social housing and domiciliary care, which account for close to 90 per cent of group revenue, are defensive sectors where spend is largely non-discretionary and is therefore unlikely to be affected by any public sector cutbacks. It should also be noted that a significant proportion of our social housing revenue is derived from Housing Associations who would be less affected by a reduction in public sector spending." Holt believes that budget constraints within the public sector "are more likely to encourage our local authority clients to consider more innovative and higher scale partnerships". Reflecting the Board's confidence in the future opportunities for our growth markets, the dividend is increased by 20 per cent." | rivaldo | |
31/3/2010 11:00 | Down in sympathy with CNT and MTO yesterday? Perhaps the broker comment "outlook for public spending has deteriorated further" has something to do with it. I got out at just over 290 and will watch and wait for a bit. | chrisfoster | |
31/3/2010 10:11 | yet down we go... | turborock | |
23/3/2010 15:08 | MER are featured today on T.M.F as one of only five shares to meet the folowing investment criteria: "This Recovery Is Gonna Make Me Rich By Motley Fool Staff Published in Investing Strategy on 23 March 2010" "It was easy finding great companies that fit this criterion after the Internet bubble burst. But from 2005 to late 2008 it was increasingly difficult finding many high quality growth shares trading cheaply. Until now... Even after the stock market recovery of the last year, some shares still offer investors the chance to buy good companies on the cheap. Running a share screener in search of growth share bargains, several likely suspects popped right up. I looked for net gearing of less than 60%, a P/E ratio of less than 15, a PEG of less than 1 and a market value of over £40m." | rivaldo | |
22/3/2010 07:43 | Yep - looks like new highs chart-wise. A great week last week, let's hope for another one and a move towards a more realistic 335p-350p. | rivaldo | |
19/3/2010 17:38 | Well, we did it. Just about. Now if we can just stay over 300. | chrisfoster | |
19/3/2010 08:47 | Hope so Rivaldo. We were so close last time! | chrisfoster | |
18/3/2010 18:53 | Rising on terrific volumes again, which is an excellent sign. Maybe tomorrow will see a successful assault on 300p.... I got sent this today - a little late, but still very relevant. It reads rather well: "Mears performance showing record highs 10 March 2010 Social housing repairs and maintenance contractor reports record results for year-end 31 December 2009. Revenue for the group's social housing division was £355.3m, up 26 per cent from £282m. The domiciliary care division had revenues of £60.1m, a rise of 10 per cent on £54.6m in 2008. Overall operating profit, pre-amortisation of acquisition intangibles, was up 18 per cent from £21m to £24.8m. But the Operating margin of the group slipped back slightly to 5.2 per cent (2008: 5.6 per cent), although this was inline with management expectations following number of new contract mobilisations during the year. Mears remains bullish in outlook, partly thanks to "unprecedented levels of opportunity in the public sector', their statement said. The order book is up at £2bn (2008: £1.6 billion). Also, they note an 88 per cent visibility of consensus forecast revenue for 2010 and 69 per cent for 2011. Social housing's bid pipeline is £3.9bn (2008: £2.8 billion) with a significant proportion of contract opportunities at an advanced stage of bidding. The domiciliary care division is "on track to operate under single Mears Care brand". Bob Holt, chairman of Mears Group, said the bid pipeline currently stands at its highest ever level of £3.9bn. "Importantly, our two growth markets social housing and domiciliary care, which account for close to 90 per cent of group revenue, are defensive sectors where spend is largely non-discretionary and is therefore unlikely to be affected by any public sector cutbacks. It should also be noted that a significant proportion of our social housing revenue is derived from Housing Associations who would be less affected by a reduction in public sector spending." Holt believes that budget constraints within the public sector "are more likely to encourage our local authority clients to consider more innovative and higher scale partnerships". Reflecting the Board's confidence in the future opportunities for our growth markets, the dividend is increased by 20 per cent. "The group has a clear strategy of building market leading positions in each of its core businesses," he said. "I have total confidence that, through the acquisition of Supporta, our shareholders will benefit significantly from our continuing investment into care." Mears, founded in 1988, has clients mainly local authorities and registered social housing landlords in the UK. It employs more than 11,000 people and provides maintenance and repairs services to 500,000 homes nationwide. Mears also provides over 150,000 hours of domiciliary care to 20,000 service users Clients include Birmingham City Council, Cross Keys Homes, Ealing Homes, Lancashire County Council, London Borough of Greenwich, Richmond Housing Partnership, Wakefield District Housing and Your Homes Newcastle." | rivaldo | |
18/3/2010 15:27 | Lots of big buys going through.... several 250ks at £3 each. Someone has deep pockets. edit: again, rising in the afternoon ater a fairly quiet morning. | turborock | |
17/3/2010 14:52 | yeah another decent day. Again, pretty decent volume for this security. As you said, perhaps we'll actaully end up somewhere enar the brokers valuation. Considering we were at 330 about 18 months ago, I see no reason for it to be less than that now. | turborock | |
17/3/2010 13:55 | Still advancing - perhaps this time we'll see a run up past 300p and somewhere a bit nearer all the broker valuations of 350p or so. | rivaldo | |
15/3/2010 13:16 | Lots of volume today. | turborock | |
15/3/2010 09:19 | Collins Stewart say Buy this morning: "MEARS GROUP Collins Stewart recommends investors buy Mears Group after it recorded solid profits growth and excellent cash generation at its preliminary results. Group revenues grew 12 per cent to £470m, with social housing growing organically by 18 per cent. The broker forecasts 9-10 per cent organic sales growth by 2009-12." | rivaldo |
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