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
  -0.50 -0.27% 186.00 71,913 16:35:07
Bid Price Offer Price High Price Low Price Open Price
182.00 184.00 189.00 181.50 184.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 805.82 -15.22 40.21 4.6 207
Last Trade Time Trade Type Trade Size Trade Price Currency
16:47:47 O 24,461 184.8804 GBX

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Date Time Title Posts
12/5/202122:34A pure Jim Slater Stock1,944
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
2021-06-18 16:39:24184.8824,46145,223.59O
2021-06-18 15:47:49186.004,1037,631.58O
2021-06-18 15:35:07186.0015,26028,383.60UT
2021-06-18 15:29:55182.002341.86AT
2021-06-18 15:29:55182.002749.14AT
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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 186.50p.
Mears Group Plc has a 4 week average price of 179p and a 12 week average price of 179p.
The 1 year high share price is 204p while the 1 year low share price is currently 101p.
There are currently 111,121,856 shares in issue and the average daily traded volume is 39,891 shares. The market capitalisation of Mears Group Plc is £206,686,652.16.
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.
brummy_git: All the latest infrastructure services/contractor valuation multiples and KPIs can be downloaded from here, including MER
saltaire111: Not wanting to curse this but... it looks as if the market has woken up to MER. Good to see the share price picking up. Salty
Mears share price data is direct from the London Stock Exchange
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