Updates

Mears

December 2014

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.

Mears has announced the acquisition of Omega, a leading provider of residential lettings and management services to the social housing market. The initial consideration is £20m, with an additional deferred consideration at a multiple of 6.8 times average EBITDA over the 36 month period to 31 October 2017. The total consideration is capped at £40m.Omega has a portfolio of c. 1,700 properties and a client base of 24 local authorities and housing associations, with the majority in London. Its pro-forma results for the year ended 31 December 2013 were revenues of £15.9m, with pretax profit of £2m and gross assets of £7.9m.Investec has nudged up 2015 pretax profit forecasts by £1m to £48.3 ...

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Photo-Me - Pretax profit 'strongly ahead'

Essentra - Acquires Clondalkin for US$455m

Mears - Potential beneficiary of Labour’s focus on social housing (August 2024)

Mears - Wins £125m contract (July 2024)

Mears (June 2024)

Mears (March 2024)

Mears (October 2023)

Mears - Social housing repairs contractor lifts forecasts (August 2023)

Mears (November 2014)

Mears - £110m of new contract awards (July 2014)

Mears - Social housing maintenance group has £15.bn bid pipeline (May 2014)

Mears - Social housing maintenance firm sees order book expand to Â£2.5bn (June 2010)

Mears - Wins Â£100m in new contracts (February 2007)

Mears - Trading conditions still buoyant (October 2006)

Mears - Buoyant trading continues (August 2006)

Mears - Shrugs off director selling (May 2006)

Mears - Social housing maintenance firm's order book surges towards Â£1bn (October 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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