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 Shares Traded Last Trade
  7.00 3.59% 202.00 372,442 16:35:18
Bid Price Offer Price High Price Low Price Open Price
192.50 198.50 204.00 190.50 190.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 805.82 -15.22 40.21 5.0 224
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:18 UT 26,169 202.00 GBX

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Date Time Title Posts
23/8/202108:26A pure Jim Slater Stock1,949
12/11/200818:01Merrill Lynch5
14/2/200808:02 Mears Group-

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Mears (MER) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-10-26 15:35:18202.0026,16952,861.38UT
2021-10-26 15:29:35199.00103204.97AT
2021-10-26 15:28:07202.00456921.12AT
2021-10-26 15:28:07199.001,5443,072.56AT
2021-10-26 15:25:18202.006161,244.32AT
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Mears (MER) Top Chat Posts

Mears Daily Update: Mears Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker MER. The last closing price for Mears was 195p.
Mears Group Plc has a 4 week average price of 190.50p and a 12 week average price of 182.50p.
The 1 year high share price is 228p while the 1 year low share price is currently 101p.
There are currently 110,901,313 shares in issue and the average daily traded volume is 31,898 shares. The market capitalisation of Mears Group Plc is £224,020,652.26.
sphere25: Rogue closing uncrosses happen from time to time in these illiquid shares, as they do in some daily auctions. It is often on quieter day's when the participation isn't there so the rogue orders can cause an uncrossing price that deviates well beyond the offer price, the RSP or the daily VWAP. These types of lurches can happen at any time with these illiquid shares. An example just happened now too with the bid at 204p early on, but one buyer at 08:13 has cleared out all the small orders on the offer from 217p and sat on the bid at 220p so that's a 16p leap higher in a flash. Those orders just got sold into and now the bid is back at 211p. Iliiquid shares like this also show the importance of being very careful if using stops, easy to get closed out on a morning. Mental stops are often best with these, best to wait for the orders to fill through the morning to see how the underlying price is actually moving. Clearly if there is bad news or some major sell off about to happen in wider markets, then folk might just accept the existing bid or less, depending on their time horizon. All imo DYOR
sphere25: Significant activity at MER on the back of the results last week. Someone came in for 1m at 185p on the results day and someone has also gobbled up almost 2% of the company at 190p today (1.98m trade at 10:08:57). It looks like Heronbridge are the sellers. They went from 7% to just under 5% recently, unsure if they want to lob the lot (if they do, a few more need placing after today). Fidelity one of the buyers? They are upping their position quite aggressively. Market Cap @ 196.5p is £218m Adjusted profit before tax guidance in the range of GBP23.0-25.5m Full year average daily net debt expected to be GBP25m Is it value though? Highly illiquid share. Chart is range bound, easy to mark out with the psychological 200p being key on the upside. Continued stalemate on these exchanges (with the market happy to trade in this range) or will these exchanges cause an imbalance to allow the breakout higher? It is the type of demand for shares that can cause price moves, but it looks a wait and see if Heronbridge have sold what they want to. All imo DYOR
sphere25: Housing and social care provider Mears (MER) has agreed to sell its land and planning services specialist TerraQuest for £72m, which Liberum says is a lower multiple than expected. Analyst Joe Brent retained his ‘hold’ recommendation but increased his target price from 115p to 150p. The shares rose 5.5% to 153p yesterday. He said the conditional agreement to sell TerraQuest for £72m was a ‘higher price but lower multiple than we had expected’. ‘It is in line with the strategy and will help Mears to focus but highlights the low margins in housing management. We now expect net cash at the year end, noting other liabilities.’ Brent said the disposal was ‘unsurprisingly’ dilutive and he reduced full year 2021 earnings per share by 16%.
saltaire111: I thought this was a bargain, yielding 6%, at £3.10 a share. How wrong could I get! Nice to welcome back a few GBP I’d lost on this one. Salty
abarclay: MER markrt cap £130m, just sold non core bit for £72m!!!!!
abarclay: WOW · The Buyer will acquire the entire issued share capital of TerraQuest for a maximum valuation of £72.0m1. The consideration is as follows: o minimum cash proceeds are expected to be £61.8 million2; o up to a further £5.0 million in cash, payable subject to the performance of TerraQuest in the financial year to 31 December 2021; and o £3.2 million in interest bearing loan notes3 together with ordinary shares equating to a 6.2 per cent. of the share capital of the Buyer's holding company, providing the potential for further value to Shareholders. · Following the Disposal Mears will: o be solely focused on its core proposition as a trusted provider of specialist housing solutions to central and local government; and o have a significantly strengthened balance sheet, where unaudited pro forma net debt as at 30 June 2020 would have been £10.8 million4 (actual net debt 30 June 2020: £62.4 million). · Mears has built a significant asset through the TerraQuest business since 2009, including the contract to re-develop and operate the National Planning Portal - a web-based platform which processes c.90% of all planning applications in England & Wales. In the financial year ended 31 December 2019, the TerraQuest Group generated revenues of £20.9 million and a profit before tax of £4.9 million. · Trading across the Continuing Group in the period since 30 June 2020 has been in line with the Board's expectations. The Board keeps under close review the changing COVID-19 backdrop. Mears continues to benefit from the supportive financial arrangements agreed with clients through the first half of this year. Given this, and the relative proximity of the year end, the Board expects that the recently implemented England-wide lockdown restrictions and the restrictions in Scotland will not have a materially adverse impact on performance in 2020. The Group intends to make a scheduled Q4 trading update in due course. · The Group also announces that to support the Class 1 working capital exercise it has undertaken in conjunction with the Disposal, and in recognition of the impact of Covid-19, it has entered into an amendment of its Revolving Credit Facility to provide materially greater covenant headroom as at 31 December 2020 and 30 June 2021 . · The Disposal is conditional upon the approval of Mears Shareholders and the consent of TerraQuest's joint venture partner MHCLG; completion of the Disposal is expected to occur in early December 2020. · The Board believes the Disposal is in the best interests of Shareholders as a whole a nd will be unanimously recommending in the circular to Shareholders that they vote in favour of the Disposal. 200p today?
sphere25: Well, there we go. Talk about suspicious trades and price action. Clearly folk knew about this sale and the positive impact on the financial strength of the company.Also note:"the Board expects that the recently implemented England-wide lockdown restrictions and the restrictions in Scotland will not have a materially adverse impact on performance in 2020. The Group intends to make a scheduled Q4 trading update in due course. "
sphere25: Decided to take a few because the trades recently and buying behaviour today here are irregular. It is like someone is very keen to buy here and they're just launching sizable bids onto the book. Never see that with MER. No idea if it means something significant, rarely catch a bid because short term trade orientated. Nonetheless it is breaking out on heavy buying so interested to see if it follows through tomorrow and next week.
sphere25: Alot more interest in this one recently. Looks like sellers cleared at that 110 mark and price threatening a breakout. A real lumpy one though, not the easiest one to read.
saltaire111: Desperate performance here. Investing in MER is now my biggest mistake - accounting for 3% of my equity investments, it is now down to little over 1%! While I’m not tempted to increase exposure, I’m going to hold on to what’s left of my investment rather than sell out at a substantial loss. I may end up with an even more substantial loss as a result but I remain optimistic that it will recover. Salty.
Mears share price data is direct from the London Stock Exchange
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