Updates

Mears - Shrugs off director selling

May 2006

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.

The shares have shrugged off the recent heavy selling by Mears’ founder Bob Holt and are now back near all time highs while final results, for the year ended 31 December, have also not harmed sentiment. These showed a 37% increase in pretax profit to £10.3m from a 17% rise in turnover to £203.5m, while diluted earnings were up 35% at 11.4p. Operating margins increased from 4.35 to 5.1%, while the order book now stands at £1 billion, up from £960m six months ago and £815m a year ago. The balance sheet strengthened considerably with net cash increasing by £4.1m to £6.9m. Mears’ core business, which repairs and maintains social housing stock, enjoyed a 37% rise in sales to £ ...

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NETeller - Another earnings upgrade

Glisten

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

Mears - Trading conditions still buoyant (October 2006)

Mears - Buoyant trading continues (August 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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