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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 354.00 | 354.50 | 364.50 | - | 175 | 08:03:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Bldg Clean & Maint Svc, Nec | 959.61M | 29M | 0.2640 | 13.54 | 392.65M |
Date | Subject | Author | Discuss |
---|---|---|---|
06/8/2010 16:25 | I agree 100% Rivaldo....happy times for MER shareholders... next week will reveal everything promised in June... | tom.b | |
06/8/2010 14:28 | I repeat - as you've said yourself, MER has stated that all is well and any problems are CNT's alone. IMO CNT's problems will be seen to be internal, and any effect on MER will be minimal. In the meantime the positive effect of CNT's downfall could be MASSIVE for MER. | rivaldo | |
06/8/2010 14:13 | yes but investors will be sceptical imho and that will imho cause the shares to derate and the government are consciously going round screwing things to the floor, to do a deal holt will prob issue a wadge of new shares, possibly at a discount, dont think he will want to borrow the money. long long long term 5+ year horizon i am positive results are soon and any hint of poo will be problematic | dnfa1975 | |
06/8/2010 14:12 | Exactly - and as you've said yourself MER has stated that all is well and any problems are CNT's alone. IMO CNT's problems will be seen to be internal, and any effect on MER will be minimal. In the meantime the positive effect of CNT's downfall could be MASSIVE for MER. | rivaldo | |
06/8/2010 14:01 | yes but look at whats going DOWN at CNT rivaldo. it aint pretty | dnfa1975 | |
06/8/2010 13:38 | MER's business is ring-fenced by the Housing Revenue Account AFAIK. And with over 90% revenue visibility, plus MER's biggest competitor unable to win new business and likely to lose big clients, the question is - how much will MER benefit? This is interesting too: dnfa1975 - 26 Jul'10 - 12:30 - 1480 of 1535 The problem CNT have is that they have a load of contracts with tiny authorities. Mears took their big ones like lambeth from them and these keep on working. dnfa1975 - 26 Jul'10 - 15:41 - 1483 of 1535 bet hes licking his lips as we speak - your biggest competitor goes pear shaped and you are gonna eat their dinner, lunch and breakfast but imagine new contracts and the big chance of margin enhancement...mmmm | rivaldo | |
06/8/2010 13:08 | Some of the bog roll from CNT is going to adhere to MER I can see Cameroony really taking a knife to social housing, hes already chopping benefits, etc | dnfa1975 | |
06/8/2010 12:31 | RNS just out - CNT is sinking further into the mire. Better and better for MER. | rivaldo | |
06/8/2010 08:25 | Moving upwards more quickly now - realisation of CNT's troubles benefiting MER finally sinking in? | rivaldo | |
06/8/2010 07:14 | The coalition government announced the Communities and Local Government department will be facing a budget cut of £780 million during the 2010/11 financial year while Labour's £1.5 billion housing pledge will be reduced by £180 million. | dnfa1975 | |
05/8/2010 22:23 | Following the brief statement made by Mears after the market closed on Friday 25 June the Company is pleased to reiterate that it is continuing to deliver strong trading across all divisions and is not experiencing any downward pressure on spend in its social housing business. Current trading and strong cash conversion for the year are in line with management expectations. In summary: � Continuing to deliver strong trading across all divisions � No evidence or experience of downward pressure in spending in social housing which remains a largely secure and non-discretionary spend � GBP2.5 billion order book and GBP3 billion bid pipeline � Winning longer term agreements with Local Authorities and RSLs � Secured revenues of 91% of consensus forecast for the current year � Strong focus on cash conversion. Commenting, Bob Holt, Chairman of Mears Group, said: "I believe that Mears will now be considered market leader in social housing repair and maintenance which will add further to an already unprecedented level of opportunity within the public sector. Local Authority clients continue to consider more innovative and higher scale partnerships which is already evidenced this year with major contract wins. "The quality of our operational delivery and our people underpins our strategy and continues to give us clear competitive advantage as evidenced by our enhanced reputation both in terms of the winning of new business and the recruitment and retention of key personnel. These factors are central in maintaining a robust revenue stream with our existing client base whilst providing significant opportunity within our bid pipeline." ends. The news due on 17th August will bear this out and meantime I suspect they are going to see a huge increase in business as a result of Connaught's woe's .......DYOR.. but these are good value at these prices.... | tom.b | |
05/8/2010 17:22 | David Cameron warns public sector cuts will be permanent Prime minister tells an audience in Birmingham that cuts need to be 'sustainable' and that funding will not be restored once budget deficit is under control | dnfa1975 | |
05/8/2010 08:45 | once you pop you cant stop | dnfa1975 | |
05/8/2010 08:32 | bounce is on | dnfa1975 | |
05/8/2010 08:24 | moving up on L2 | dnfa1975 | |
04/8/2010 13:11 | going blue | dnfa1975 | |
04/8/2010 08:53 | Asked if he was interested in a possible acquisition of parts of Connaught, Bob Holt, chairman of Mears, said: "We've managed to build our business debt-free. We're watching the situation." He added, however, that Mears "wouldn't rush into" a deal. | dnfa1975 | |
03/8/2010 15:16 | Yep, breaking upwards back nicely over 250p. | rivaldo | |
03/8/2010 10:27 | 2 weeks to resilts, fly me prettys fly | dnfa1975 | |
02/8/2010 22:30 | got wings this | dnfa1975 |
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