Updates

Mears - £110m of new contract awards

July 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.

While the shares have fallen away from their highs, Mears continues to trade well with its AGM statement noting solid trading across both core divisions in line with management expectations. Mears has secured new contract awards since 1 January of over £110m while it had 94% visibility over the £908m consensus revenue forecast for 2014 and 72% of the £960m forecast for 2015. The order book stood at £3.8bn with a bid pipeline of £3bn. The solid order book continues to provide defensive attractions. Continue to hold. ...

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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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