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Mears - Wins £125m contract

July 2024

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:
  • 393p
Mears has won a huge £125m a year contract with North Lanarkshire Council for reactive maintenance, compliance and inspection services, as well as planned works to NLC's housing assets (c.37,000 homes) and corporate assets (c.1,200 buildings). The contract extends its long-standing relationship with NLC for a period of up to 12 years, and commences immediately, increasing the odds of a upgrade to forecasts. A main write-up last August at 279.5p, there’s more to come. I am running profits. ...

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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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