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 1951 to 1975 of 2200 messages
Chat Pages: 88  87  86  85  84  83  82  81  80  79  78  77  Older
Phillis Can you explain what you mean by, 'profit warning however dressed up'. I am not being sarcastic, but regard the IMS to be very good and positive. Have I therefore missed something?
profit warning however dressed up
From the interims: Government Spending Review is positive for Mears. The bid pipeline remains in excess of GBP3.0 billion. The order book stands at GBP2.6 billion, with secured revenues of 95% of consensus forecast for 2010 and for future years currently approaching an unprecedented 90% for 2011 and 75% for 2012.
it would be helpful for the company to comment on spending review as affects them
Today's Shares magazine feature on the spending review has Galliford and Mears among the winners.
oddly i timed my exit right too got 298 I think, and I took up your omi info as well, so far so good. Cheers :)
Hmmm...I may just have timed my exit here rather well for a change. Hope someone took notice of my plug for OMI - it's up (I think) almost 100% since I mentioned it. GNG and PIM next to rise amongst the small caps hopefully!
BBC Social housing budget 'to be cut in half' Ministers are expected to introduce a "flexible tenancy" The social housing budget in England is to be cut by more than 50% in the Spending Review, the BBC understands. Council housing "for life" will also be phased out, with the needs of new council tenants assessed over time. Despite the cuts, ministers are likely to set a target of building 150,000 affordable homes, changing the way councils charge rent to finance them. Tenants will be charged nearer the going market rate, to release cash for the building programme.
cheers everyone
turborock look at CNY but up +35% since early sept and discount reduced
Hi turborock. I'm also in AEX and AST for my sins, but reckon both'll be substantially higher at some point. As for other ISAble gold stocks, have you looked at OMI? Crazy valuation - with gold at these prices it'll have cash flow equating to it's ENTIRE m/cap in one year! Plus there's all sorts of developments going on with blue sky potential, and it's in politically stable environments. There's also been some director share buying. Read the OMI thread, particularly any recent posts by "adam". MIRL is also worth a look with existing production plus lots of prospects, and AAAM could be a multibagger. Plus MML looks the best play of all in terms of solid production with room for expansion. I also have oil stocks like SMDR, CEO and IAE, which all have solid production and will soon be on low P/E's, but which all have transformational potential.
yup I agree, just going to see where it goes for the next few days. Know any good resource ones that are isable? i'm in cey, aex and caza at the mo.
Had a change of heart and sold today. Primarily, there may be some upside here, but there are other ISAble opportunities with much bigger upside. And having talked to a number of people in the public sector, you just would not believe what is happening there with the level of cuts being made. I don't believe MER will be seriously affected, but there may be "some" effect which neutralises growth. Good luck all. The resource sector is going gangbusters, and that's where the money's being made at present.
It seems that MER must have been fairly busy when CNT unwound what with B Gas and Jackson Lloyd. My guess is that we will get some CNT related business. But until the i s are dotted and the t s crossed - meaning we have done the due diligence on any contracts that we take over - then there will be no news. I like the way these guys do business - rather than diving in like Morgan Sindall - lets take our time - it feels good to me and it should attract new investors too.
Nice mention in the Mail today - I think analysts' targets may be lifted after the next set of results. Looks like a nice break above 300p: "Thriving Mears Group rose 6.5p further to 305.75p after analysts gave the thumbs up to its £4.8m acquisition of Jackson-Lloyd, a social housing maintenance provider, which operates 15 social housing contracts from three locations in the North of England. Guy Hewett, at Investec, says JL broadens Mears's footprint in the North West of England and has an order book in excess of £80m. His target price is 332p."
Barnet has gone to Lovells too
I particularly like the deferred consideration element of today's acqusiition, dependent on performance. Yoyoy, from the press it seems MER and others are still finalising the arrangements in taking over the CNT contracts - I gather there's a legal issue in that clients may not be able to simply novate contracts from CNT to another supplier without those contracts going up for public tender. I'd guess that all bases are being covered before MER (or anyone else) announces that they have formally won the contracts. I have read however that Lambeth has decided to split its contracts between Mears and Morrison. I'd assume that the hiatus will have to be settled one way or another fairly quickly, otherwise services wil start to suffer.
nope, nothing
nothing further on the ex-Connaught businesses acquired or have I missed it?
Another earnings-enhancing acquisition.... "Acquisition of Jackson Lloyd Limited ("JL") Summary of Acquisition · JL operates social housing maintenance contracts in the North West of England · Mears will integrate the business immediately and is expected to generate significant cost and efficiency savings · The acquisition is expected to be earnings enhancing for the year ending 31 December 2011 following the costs of reorganisation incurred in 2010 · Mears has acquired JL for £2.7m in cash and the repayment of £2.1m of net debt. Additional deferred consideration of up to a maximum of £1.0m is subject to performance criteria. Consideration is being satisfied from the Company's existing debt facilities · JL has an order book of in excess of £80m Mears is pleased to announce that it has acquired the entire share capital of JL for an initial cash consideration of £2.7m. JL operates maintenance contracts with customers predominantly in the North West of England. An additional deferred consideration is payable up to a maximum of £1.0m, subject to the achievement of performance criteria linked to contract retention and profitability. The consideration is being satisfied from the Company's existing debt facilities. For the 15 month period ended 31 March 2010, the unaudited accounts for JL report that the business generated revenues of £38.6m and a loss before tax of £3.8m. The last audited accounts, for the 12 month period to 31 December 2008, reported revenues of £31.5m and a loss before tax of £0.4m. Gross assets as at 31 December 2008 were £8.6m. The business has recently gone through a restructuring whereby overheads have been significantly reduced together with an increased focus on underlying operating margin. The completion balance sheet reports net liabilities in the region of £1.4m including a net debt of £2.1m which was repaid immediately upon acquisition from the Group's existing banking facility. Mears expects to generate further significant cost and efficiency savings. The Company will focus on delivering a quality service and maximising customer satisfaction which is typically key to enhancing profitability and ensuring contract longevity. The principal benefits of the acquisition are anticipated to arise in 2011 and beyond; it is expected to be earnings neutral for the year ending 31 December 2010 (before the costs of restructure) and earnings enhancing for the year ending 31 December 2011. The Group treats an acquisition with the same level of detailed focus as when mobilising new contracts and this process commences with immediate effect. In addition, the Group's operational support functions will be incorporated into the existing structures of JL. It is anticipated that the mobilisation and restructure will be completed before 31 December 2010 with an anticipated cost of £1.0m. Commenting, Bob Holt, Chairman of Mears, said: "The acquisition of the JL business fits comfortably into our social housing division and broadens our footprint in the North West of England. I am delighted to welcome a further 450 employees into the Group. We continue to seek to acquire businesses with the potential to meet the strategic objectives of the Group.""
Good coverage in the Daily Mail too: "Mears in green British Gas deal Daily Mail Social housing group Mears has landed a contract with British Gas that could see green energy systems installed in tens of thousands of council homes. The company (up 9.5p at 290p) is aiming to tap into the government's £350m Community Energy Savings Programme (CESP) to provide insulation, energy saving boilers and solar panelling to the 500,000 social homes it maintains. Under the scheme, tenants and landlords can apply for government grants to help them make their homes more fuel efficient."
Ho Ho Ho sede
Closed above 300p - hopefully a meaningful sign which will be built upon this week back up to 320p or more.
Continuing to edge upwards nicely.
Coverage here - and note that the Carbon Emissions Reduction Target is estimated by the Government to stimulate about £3.2bn of investment by energy suppliers: "Mears in green British Gas deal Daily Mail 22 September 2010, 9:43am Social housing group Mears has landed a contract with British Gas that could see green energy systems installed in tens of thousands of council homes. The company (up 9.5p at 290p) is aiming to tap into the government's £350m Community Energy Savings Programme (CESP) to provide insulation, energy saving boilers and solar panelling to the 500,000 social homes it maintains. Under the scheme, tenants and landlords can apply for government grants to help them make their homes more fuel efficient."
Chat Pages: 88  87  86  85  84  83  82  81  80  79  78  77  Older
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200229 01:52:31