Mears Share Discussion Threads

[chrisb1103] 17/5/2011 07:14

Yeah Daz, nice and solid here as ever from MER. Quality like this should be rated higher imv. Nice chart continuation pattern up from here i reckon.

[daz] 16/5/2011 07:08

Looks like steady as you go, 93% of this years revenue in the bag, you used to have to pay a premium for this kind of visibility of earnings.

[chrisb1103] 12/5/2011 19:03

IMS Monday 16th, next week. Hopefully will be positive to drive the rise/recovery in the share price here further.

[lennonsalive] 05/5/2011 14:50

thanks nelie, need to see if volume is steady before jumping back onboard.

[nellie1973] 05/5/2011 14:42

Broker upgrade to buy target 300p

[chrisb1103] 05/5/2011 12:11

Come on MER!

[chrisb1103] 05/5/2011 12:04

I reckon, indicators been turning positive here for a while now.. 1/2mil chunk through today too so could be last of an overhang? There's a nice prominent big "W" double bottom on the chart, could signal the start of the (long awaited lol) reversal here?

[lennonsalive] 05/5/2011 11:36

Any reason for the rise, oversold?

[cantata] 21/4/2011 10:26

Thanks for that Simon - the fall in price was puzzling

[simon gordon] 21/4/2011 05:49

Commnent from the Artemis Small Cap March factsheet:

"The only real detractor to the fund's performance in March was from our holding of social housing maintenance group, Mears, where investors were upset that the expected annual profit forecast was only met by a change in the treatment of their pension assumptions."

[rcktmn] 14/4/2011 20:23

bought some more today...onwards and upwards!

[cantata] 08/4/2011 18:57

No need to persuade me - I jumped in again with all three feet when it suddenly fell back below 250 last week. Just need to see off the automatic selling machines now, but will they listen to reason?

[chrisb1103] 08/4/2011 09:58

The order book is a record £2.7bn, revenues grew by 11pc to £524m, securing a 15th year of uninterrupted growth, and the dividend is up 18pc to 6.75p. Pre-tax profits slipped from £18.4m to £16.4m, due to an amortisation of acquisition intangibles of £10.1m relating to Supporta deal and the acquisition of Careforce in 2007.

At 280, Mears trades on an affordable 2011 price to earnings ratio of 10 and a yield of 2.6pc. Buy.

The final dividend of 4.85p is payable on 1 July 2011 to shareholders on the register on 10 June 2011.

[chrisb1103] 08/4/2011 08:19

Support here? bouncing now on bottom of trading channel, few indicators now turning positive, oversold imo and due a reversal to 330 area maybe?



Also sat at longer term established rising trend line since 2003



Growthcompanyinvestor from 15/03/11 "Mears enjoys 93% visibility of consensus forecasts for the current year and 80% for 2012. Broker Collins Stewart expects pre-tax profits of £39.6m and EPS of 28p. Mears has net debt of £12.2m but this should be repaid by the end of the year and a new bank facility of £85m has been signed to help fund the business. On 10 times current year earnings, Mears is a quality business that deserves more. Buy."

Was 280 then, now 245. Another new contract win here from 1/04/11 (10 years):

[hosede] 21/3/2011 11:14

CNX
I think we HAVE been in the blue chip business but as the Govt. cuts bite I don't think it beyond the realms of possibility that councils could default - defaults by council tax payers are certain to soar - and housing associations also. At the best, as councils get squeezed, payments will be long delayed and work will be deferred.

[sjewson] 17/3/2011 08:32

Im guessing there are a few people on the sidelines waiting for a upturn in the market in a solid performing share like Mears, increased div and positive outlook. "Dont catch a falling knife" but just waiting for some support and director buying wouldnt go a miss. At this point it could signal the bottom, definite buying opportunity on increased relative strength. Keep watching for some improved volume.

[cnx] 16/3/2011 19:41

hosede


which customers do you expect to defaultif you can ? councils?, companies?, governments?

i always thought we were in the blue chip business?

[hosede] 16/3/2011 12:11

By Mears's standards I would have thought results were mediocre which is reflected by the drop. Not likely to make a lot of progress this year either. The risk of bad debt which in the past has been neglible will soon become significant. But a relatively safe share nonetheless

[cnx] 15/3/2011 19:57

if you believe, here is a buying opportunity, especially in view of dividend increase and almost perfect view from holt

what will be interesting is to see directors buying on this drop

[sjewson] 15/3/2011 16:46

Fell of a cliff today after good results an exceptable drop of 2/3% in line with the market would of sufficed!

[turborock] 04/2/2011 07:42

"Mears started at Canaccord with buy rating, 389p target price."

[nellie1973] 03/2/2011 13:43

broker upgrade

[rcktmn] 12/1/2011 20:22

Nice share price climb today...looking good!

[rcktmn] 11/1/2011 19:17

Hope so...showing 13% profit so far on my initial outlay...looking for 350p+ in the next few months! but will hold for larger gains on a 2yr view (imho)

[edale] 11/1/2011 18:28

Great trading statement, this could be a real runner this year.