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MER Mears Group Plc

368.00
0.50 (0.14%)
Last Updated: 12:04:49
Delayed by 15 minutes
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 0.14% 368.00 15,645 12:04:49
Bid Price Offer Price High Price Low Price Open Price
366.50 367.50 380.00 365.00 380.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Bldg Clean & Maint Svc, Nec 1.09B 36.66M 0.3921 9.37 343.61M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:40:33 AT 133 368.00 GBX

Mears (MER) Latest News

Mears (MER) Discussions and Chat

Mears Forums and Chat

Date Time Title Posts
07/11/202412:48A pure Jim Slater Stock2,121
07/5/202418:26Mears3
15/4/201315:06Mears2
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
11:40:33368.00133489.44AT
11:40:33368.002951,085.60AT
11:31:32369.00223822.87AT
11:31:32369.00133490.77AT
11:31:32369.00144531.36AT

Mears (MER) Top Chat Posts

Top Posts
Posted at 27/8/2024 05:47 by qs99
Looking forward to another week of share buy-backs
Posted at 22/8/2024 07:27 by qs99
Cracking news, should see lots of loose holders hoovered up and price appreciation IMO....DYOR and looking forward now to breaking £4
Posted at 08/8/2024 13:43 by thebd11
Peel..."Mears (MER LN) (Hold TP 380.0p) Strong 1H24 performance: new guidance drives 9% FY24 revenue increase... 1H24 PBT was £30.5m (+44% YoY), which is slightly ahead of our estimate. Adjusted EPS rose 68% (organically) and DPS increased 28% to 4.75p. The company reported strong cash generation, with average net cash of £66m. There are no major surprises in the trading commentary. We expect investor focus is likely to be on the increased guidance (following another positive trading update in June). The company now anticipates FY24 revenue to be c.£1.1bn (versus our prior estimate of £1.0bn) and adjusted PBT to be £53-55m (versus our prior estimate of £50m). The outperformance is driven by the visibility through FY24 (most specifically the asylum seekers volumes). We increase our FY24E PBT forecast from £50m (cons: £50m) to £54m, to give EPS of 41.1p. It remains challenging to assess when the elevated contract volumes will normalise. However, we also increase our FY25E PBT estimate from £39.0m (cons: £38.7m) to £42m, to give EPS of 32.2p. The shares have drifted down on concerns regarding government asylum policy uncertainties and currently trade on 11.2x December 2026E EPS."
Posted at 08/8/2024 08:15 by basem1
Crazy price 350p I think I will add this price action today is just plain madness
Posted at 08/8/2024 08:05 by qs99
So market cap says £327m, net daily cash average 66m so EV 260m....we have EBITDA post IFRS of 69m and Net Cash flow from Op Act of 75m...so full year we have 140m-150m of EBTIDA post IFRS or Net cash flow from op Act vs EV £260m.

Decent yield, now increased, maybe more share buy-backs, what am I missing around the "value" proposition here?

DYOR
Posted at 24/7/2024 10:13 by johndoe23
No chartist, but share price now right on the lower channel of the uptrend. Needs to hold here.
Posted at 22/7/2024 13:16 by phg87
I really like this share but held since mid-March and no real movement. Took about a 2% gain since opened the position. Sold and topped up my position in Cohort instead.

I think this has plenty of room to move up but it looks stuck in a sideways move (though could shoot up after results on 8th of August). Happy to take a back seat and see what happens after results before jumping back in. Only sold as saw better value elsewhere but I could be wrong with this and my other topped up position.

Best of luck to all and hopefully it starts trending up again.
Posted at 15/7/2024 14:32 by qs99
Well someone appears to be, v. v. strange price action given trading updates and potential...DYOR
Posted at 03/7/2024 08:21 by phg87
Hopefully so JohnDoe, share hasn't done much since the jump in January but leasts see what happens now. Trading update scheduled for August 8th.
Posted at 01/7/2024 07:27 by johndoe23
Yes that million share purchase hopefully means the seller has now gone. Though bit annoyed as was intending to buy in the 360's today!
Mears share price data is direct from the London Stock Exchange

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