Secondary Recommendation

Mears - Social housing maintenance firm sees order book expand to Â£2.5bn

June 2010

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.

Under the leadership of chairman Bob Holt, Mears, which provides maintenance and repair services to the social housing sector, has been a by-word for reliability. In the last thirteen years turnover has increased from Â£12.4m to Â£470m, while pretax profit has soared from Â£0.4m to Â£24.7m. Some of this growth has come through acquisition but the proof of Holt's ability to create shareholder value lies in the increase in Mears' earnings per share, which have risen from 1.1p to 21.6p over the same period. Mears originally started out as a small building contractor but it was the arrival of Holt in 1996, which transformed its prospects. At that point, Mears entered the social housing sector just at a time when demand exploded as the ...

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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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