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Mears - Buoyant trading continues

August 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MER
  • Price:
  • 275p
Social housing maintenance contractor Mears has announced at its AGM that continuing buoyant trading conditions in the first four months of 2006 will lead to this year’s results being at the top end of market expectations. The size of its bid pipeline for contract tenders remains extremely healthy with the order book still in excess of £1 billion. Another sign of Mears’ excellent momentum is that it now expects to be confirmed as one of a select number of framework partners to deliver the Decent Homes program for the London borough of Ealing. Ealing plans to invest over £360m in the program, which will cover maintenance works to nearly 14,000 homes. Separately, Mears has announced the acquisition of ...

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