Updates

Mears - Wins Â£100m in new contracts

February 2007

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.

Social housing maintenance firm Mears has announced that results for the year ended 31 December will be at the upper end of market expectations. Since August it has won several new contracts with a total value in excess of £100m, while the order book remains at over £1bn, with the group continuing to enjoy a healthy pipeline of tenders and opportunities. Mears also noted that 94% of forecast turnover for 2007 and 84% of 2008 is secured. The shares have surged to a new high of 365p and are now 28% ahead of our main recommendation price in October ’05. Take a part profit. ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

LSL Property Services - New surveying and estate agency firm

Domino's Pizza - Shares hit new high of 650p

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 (December 2014)

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 - 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X