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
  -8.00 -2.78% 280.00 270.00 274.00 292.00 264.00 275.00 117,627 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 869.8 28.4 23.1 12.1 309

Mears Share Discussion Threads

Showing 1901 to 1924 of 2200 messages
Chat Pages: 88  87  86  85  84  83  82  81  80  79  78  77  Older
DateSubjectAuthorDiscuss
11/9/2010
21:13
Today's FT has Mears buying some contracts from Connaught,and the Norwich contracts is not in the package
nfs
11/9/2010
20:03
If Morgan Sindal is a whale @ £305M market cap, Mears @ £237M is some sprat!!
mdrans1
11/9/2010
12:07
problem is Morgan Sindal is a strong player, stronger and bigger than mears. A sprat and a whale, prepare for battle
dnfa1975
11/9/2010
11:08
From today's Daily Mail >>>>>>>>>>>>>>>>> More than 2,500 jobs have been saved after building firm Morgan Sindall snapped up the majority of contracts from failed social housing maintenance group Connaught. And a further 1,000 positions are likely to be secured this weekend as Mears ties up an agreement to take over eight maintenance deals. Morgan Sindall is not taking on Connaught's 12 biggest contracts, including its largest deal to maintain housing stock for Norwich City Council, because the company considers them to be loss-making. The business spent £28million to buy around 100 contracts from Connaught, which it hopes will generate £200million a year for the firm. The contracts, which account for 80 per cent of Connaught's deals, will be transferred directly into Morgan Sindall's affordable housing division, Lovell. John Morgan, executive chairman-of Morgan Sindall, said his firm only took on 80 per cent of Connaught's contracts because he felt the rest were badly priced. Housing group Mears, which was also in the running for the contracts, said it is continuing to negotiate to take on some work. Chairman Bob Holt said: 'We've already picked up a number of contracts with local authorities, who have approached us directly and we will be looking at picking up the remaining contracts next week.'
copyright
10/9/2010
22:29
they acquired "the majority". I guess we'll have to wait and see
turborock
10/9/2010
12:27
Does anyone know if Morgan Sindall has left anything for Mears or have Mears already cherry picked up some contracts isolated by Connaight's downfall. Rgards MW
miss womble
09/9/2010
20:20
hopwe to get a slice at 250p
dnfa1975
08/9/2010
23:36
Mears are going to get a premium and uplift on these new contracts before they take them on... Bob Holt don't take wild chances...£3.00 sooner than we think or hoped!
tom.b
07/9/2010
22:58
Rivals circle as Connaught confirms administration Tue 7th September | 21:54 Rival contractors are vying to take over Connaught jobs as the firm confirmed its fall into administration. Councils and housing associations will mobilise plans to replace the ailing contractor as accountant KPMG steps in to run the company Firms like Mears, Rok, Morgan Sindall and Willmott Dixon will be sounded out by housing bodies as the future of Connaught and its 10,000 workforce remains uncertain. A Connaught Stock Exchange update said: "Following extensive discussions with the Group's secured lenders, it is now clear that sufficient support would not be extended to the Group as a whole to enable it to continue trading as a going concern. "As a consequence, the Board is saddened to announce that it is in the process of appointing partners from KPMG as administrators of Connaught plc and its subsidiary, Connaught Partnerships Limited, which comprises its Social Housing Division." The group's compliance and environmental divisions are not being placed into administration and will continue to trade normally. Accountants at KPMG will now run Connaught while they seek to find a buyer for the business. Contracts could be sold-off individually as rivals circle the remains of the firm. John Morgan, chief executive of Morgan Sindall: "Clients have been approaching us over the last few weeks, but there has been a sharp increase in the number of approaches today." Bob Holt, chairman of Mears Group, said: "We are watching the situation carefully and we are ready and willing to pick up work if it becomes available, we have been approached." Another contractor told the Enquirer: "Now this has been confirmed it will be a case of talking with KPMG and seeing what contracts are up for grabs." http://www.constructionenquirer.com/2010/09/07/rivals-circle-contracts-as-connaught-confirms-administration/
celeritas
07/9/2010
19:52
Contracts will have to be renegotiated but I also expect someone wil have to step into the void left by cnt pretty quick. MER and ROK are the two who stand to gain the most from Connaughts demise.
celeritas
07/9/2010
16:30
Don't think Mears will take on any work whose margin doesn't match their objectives
phillis
07/9/2010
16:18
Mears was the first named alternative company on Radio 4 just now. Phillis - as long as Mears does its background work. Could we see councils having to pay more for the work?
yoyoy
07/9/2010
16:14
Mears won't have to bid CNT will be in default because of their financial condition and customers will be begging for Mears to take over
phillis
07/9/2010
13:32
yoyoy - Mears is also a likely bidder for parts of CNT. I suspect the administrator is not going to be able to sell CNT in its entirety because of the problems with particular contracts, it's much more likely to be sold piecemeal.
daz
07/9/2010
12:34
Major competitor in disarray Buy Buy Buy!
phillis
07/9/2010
12:33
Daz, Only if it closes its operations - there is always the possibility that someone will buy them on the cheap
yoyoy
07/9/2010
07:52
gonna fly now imho
dnfa1975
07/9/2010
07:24
Should benefit from CNT's administration announced this morning. I'm surprised it hasn't moved up more.
daz
05/9/2010
21:21
I am delighted to be able to invest in a quality company on a modest rating,with excellent management,a strong focus on cash flow,long term contracts,great defensive qualities,pays a dividend and where a major competitor has got fundamental looking problems.Enough water seems to have passed under the 'company specific' bridge re Connaught to feel comfortable investing here. Congrats to all who got in at 25-30p and are still here/I think it's time the trading raneg was broken,earnings have grwon an awful lot without any share price advancement
nfs
03/9/2010
07:11
...all the way to £3.00... come on mears
tom.b
02/9/2010
15:26
rising gradually
yoyoy
31/8/2010
23:02
Where have all the incestors (Investors)gone?... CNT in trouble and rising and MER in the clover and no stir...anyone have any guess as to why?...
tom.b
27/8/2010
07:50
"PS Tubbs Incestors is not a word I am familiar with !!!!Thanks for the laugh in these trying times" oooops!
pstubbs50
26/8/2010
09:12
PS Tubbs Incestors is not a word I am familiar with !!!!Thanks for the laugh in these trying times
miss womble
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