Mears Share Discussion Threads

[debbiegee] 27/4/2010 09:01

Starting to look at the 5yr chart now ;-))))))))))

[debbiegee] 27/4/2010 08:48

Thanx !
Nice volume again today I notice a couple of chunky trades too !

[rivaldo] 27/4/2010 08:30

GCI say Keep Buying - and that was before yesterday's mega contract:



"Mears Group
STRONG BUY 23/04/2010 James Crux

Social housing specialist Mears Group has clinched a chunky seven-year contract with the London Borough of Lambeth.

The deal is fully listed Mears' first with the South London borough and covers repairs, refurbishment, estate management and maintenance. The 'partnership contract' can be extended for a further three years, subject to performance, in which case the company would receive £170m revenues over 10 years.

Chairman Bob Holt says the Lambeth award, following a recent £200m deal with Brighton, is another example of the larger contracts Mears is now winning. He argues increasingly cash-conscious local authorities and other clients are 'looking for value for money, not necessarily the cheapest quote'.

'They want long-term relationships', maintains Holt, adding 'we see ourselves winning more deals like this'. That would augur well for the company, which increased pre-tax profits by 19% last year to £18.4m, on turnover up 12.3% to £470m, and is also a leading player in the domiciliary care market.

Bulls see Mears increasing pre-tax profits 60% to £29.5m this year, for earnings of 24.5p a share, with the board likely to increase the dividend from 5.7p to 6.5p a share. By 2011, profits might approach £34m, on £629m turnover.

At current levels then, the shares, consistent dividend payers and strongly backed by Growth Company Investor at 274.75p, are trading on a prospective multiple of 12.2, an undemanding rating given Mears' track record and high levels of revenue visibility, stemming from an order book of £2bn. Keep buying."

[rivaldo] 26/4/2010 19:03

Great finish again....

[debbiegee] 26/4/2010 15:38

Could we be in for an exciting last hour again ?
It seems to be the way with this stock ?

[rivaldo] 26/4/2010 09:48

Yep, Friday's close was impressive!

Breaking out to new recent highs now - might get some broker upgrades if all goes well.

[debbiegee] 26/4/2010 07:45

It gets better and better !
Thought on Friday news was coming !

[rivaldo] 26/4/2010 07:09

Fantastic - another RNS means £470m of contracts won in the last 5 days alone!

And there's still a £3 billion pipeline...



"£300million Partnership Contract
with Family Mosaic Housing Association ("Family Mosaic")

Mears is pleased to announce that it has been notified today by Family Mosaic that they have agreed, subject to the completion of the standstill period, to appoint Mears as preferred bidder. The value of the award is £300 million for a ten year period. The contract relates to more than 20,000 homes in London and the Home Counties and is expected to commence in October 2010.

Mears, as the principle partner will provide a single 24 hour call centre service for all tenants of Family Mosaic and be responsible for responsive, void, gas maintenance, property surveying and estates management services.

Family Mosaic is a current client of Mears and is one of the largest Registered Social Landlords in the UK, providing homes and housing services to around 45,000 people in over 20,000 homes across London and the Home Counties. Family Mosaic offers a diverse range of housing and support related services including; general needs housing, sheltered housing, housing with extra support, a temporary housing department, leasehold management and a tenant support service.

Commenting, Bob Holt, Chairman of Mears said:

"The provision of value for money services to the public sector is vital both for the UK economy and the future of Mears. We have long held the view that in terms of quality of service Mears are second to none. This award further demonstrates the positioning of Mears as a first class public sector partner.

We have been working on behalf of Family Mosaic since 2004. This award represents the biggest contract award in Mears' history. We look forward to continuing to serve the tenants of Family Mosaic for many years to come.

Mears social housing bid pipeline for contract tenders remains in excess of £3 billion and we continue to target customers who share our view of long term partnering arrangements. This together with our recently announced London Borough of Lambeth contract, takes our contract wins this month to £500 million.""

[debbiegee] 23/4/2010 16:36

WOW UT 305 !
All the best for the weekend folks !

[debbiegee] 23/4/2010 16:12

only app 9 days with better vol this year !
is it possible more good news is on the way ?

[debbiegee] 23/4/2010 14:33

335 just for today LOL !

[rcktmn] 23/4/2010 14:23

only 335p?...

[debbiegee] 23/4/2010 13:25

Excellent ;-)

[rivaldo] 23/4/2010 12:08

Collins Stewart pushing MER today - excellent volumes for a quiet Friday:



"Collins Stewart has...a buy and 335p target for Mears"

[rivaldo] 22/4/2010 10:31

A small mention in today's Mail:



"News of a £170m contract with the London Borough of Lambeth to provide maintenance services meant Mears put on 3p to 296p. Its social housing bid pipeline now stands at £3.5bn."

[debbiegee] 21/4/2010 16:38

UT 296 bodes well I hope !

[rivaldo] 21/4/2010 12:45

Good coverage on GCI:



"Mears wins £170m Lambeth deal
21/04/2010 Robert Tyerman

Social housing specialist Mears Group has clinched a chunky seven-year contract with the London Borough of Lambeth.

The deal is fully listed Mears' first with the South London borough and covers repairs, refurbishment, estate management and maintenance. The 'partnership contract' can be extended for a further three years, subject to performance, in which case the company would receive £170 million revenues over 10 years.

Chairman Bob Holt says the Lambeth award, following a recent £200 million deal with Brighton, is another example of the larger contracts Mears is now winning. He argues increasingly cash-conscious local authorities and other clients are 'looking for value for money, not necessarily the cheapest quote'.

'They want long-term relationships', maintains Holt, adding 'we see ourselves winning more deals like this'. That would augur well for the company, which increased pre-tax profits by 19 per cent last year to £18.4 million, on turnover up 12.3 per cent to £470 million.

Bulls see Mears increasing pre-tax profits 60 per cent to £29.5 million this year, for earnings of 24.5p a share. At 293.5p, against a year's high of 300.5p and a 223.5p low, that would put the shares on a fairly undemanding prospective price/earnings ratio of 12."

[debbiegee] 21/4/2010 11:57

iT TOOK ITS TIME lol !

[rivaldo] 21/4/2010 11:44

Delayed reaction to today's news :o)) Blue now...

[rivaldo] 21/4/2010 07:07

Great stuff - another large, long-term contract win:



"GBP170m Contract with London Borough of Lambeth
Repairs, Maintenance and Improvement Partnership

Mears is pleased to announce that, subject to leaseholder consultation, the London Borough of Lambeth intend to award a long-term partnership contract to provide responsive repairs, void refurbishment, estate management, decent homes and planned maintenance. The contract relates to the North housing region which includes around 8,000 of the 20,100 tenanted homes within Lambeth.

The 7 year contract; (with an extension of up to a further 3 years dependant on performance) is valued at GBP170 million (including extension) and is expected to commence in October 2010.

Commenting, Bob Holt, Chairman of Mears, said:

"Mears has long been recognised as market leader in terms of operational
performance and tenant satisfaction in the Social Housing arena.

Consistent with our strategy of winning quality contracts that provide clear and sustainable margins, Mears once again achieved outstanding scores in the
competitive tendering process for the quality of our offering focused on service delivery and tenant satisfaction.

The new contract award is designed to deliver tangible improvements into the
community. Lambeth's partnership ethos creates long term opportunities for its
partners who are committed to delivering the quality and value for money I have referred to. The tenant centric service is set to improve their lives and the community in which they live. We look forward to serving the tenants of Lambeth for many years to come.

The size of the Mears social housing bid pipeline for contract tenders
remains extremely healthy at GBP3.5 billion and we continue to target customers who share our view of long term partnering arrangements."

[rivaldo] 15/4/2010 19:15

Impressive finish. A dash above 300p might just spark a run to 330p-350p.