Mears Share Discussion Threads

[chrisb1103] 30/6/2011 22:23

Still moving up nicely, take out 280 and 300 could be here quickly imo

[chrisb1103] 12/6/2011 13:51

Yeah all very positive here, i reckon MER's quality and defensive characteristics are looking appealing in today's choppy markets. Going XD last week hasn't dented the continuation of the rise here either. Slow and steady as it goes i reckon so am looking for 300 this autumn and 340 early 2012/next spring if the current established chart pattern plays out. Maybe get an extra push on if we get some further good contract news too - and there's a big market out there to play for for MER.

[sjewson] 08/6/2011 11:44

another bullish AGM statement today, very positive news, lots to go I believe

DYOR

[mdrans1] 04/6/2011 13:16

Mears are not in the residential care business, but it's been a week of very bad p.r. in that sector and the knock-on effect could be enough to have reversed the spike in Mears' share price.

[edale] 03/6/2011 21:22

Well whatever triggered the rise didn't happen. Back down again. Where to next ?

[edale] 03/6/2011 21:22

Well whatever triggered the rise didn't happen. Back down again. Where to next ?

[ben gunn] 31/5/2011 20:10

I agree its odd.
If I knew what triggered it I would not have closed 2 long positions last week!

[edale] 31/5/2011 20:02

Anybody understand why the big jump ? I have held for some time and don't understand why we get such violent fluctuations on what seems to be a stable well managed company. It has always looked a good long term investment.

[chrisb1103] 31/5/2011 15:31

Motoring the next leg up a bit today :) "well worth buying"... well looks like they are i reckon.

[marknicho] 20/5/2011 10:38

Today's IC has a tip update - "well worth buying"

[mdrans1] 19/5/2011 14:06

In today's Shares mag as a buy, "should slowly bounce back"

[chrisb1103] 17/5/2011 20:30

Good bit of press today:



"...now trades on a forward earnings multiple of 7.2 on the estimates for 2012, a discount to both its support services and its contracting peers. Based on this lowly valuation and in light of the recent strong momentum, we think that Mears is worth a punt, particularly as it is likely to benefit from further distress among weaker rivals."

[chrisb1103] 17/5/2011 08:14

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 08:08

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 20:03

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

[lennonsalive] 05/5/2011 15:50

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

[nellie1973] 05/5/2011 15:42

Broker upgrade to buy target 300p

[chrisb1103] 05/5/2011 13:11

Come on MER!

[chrisb1103] 05/5/2011 13:04

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 12:36

Any reason for the rise, oversold?

[cantata] 21/4/2011 11:26

Thanks for that Simon - the fall in price was puzzling

[simon gordon] 21/4/2011 06:49

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 21:23

bought some more today...onwards and upwards!

[cantata] 08/4/2011 19:57

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 10:58

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.