Primary Recommendation

Mears - Social housing maintenance group has £15.bn bid pipeline

May 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.

Mears, which repairs and maintains social housing on behalf of local authorities, is one of those shares you place in the bottom drawer and sit back and wait for the gains to accumulate. Its work may not seem glamorous but it has fashioned a glorious record with eps increasing more than six-fold from 4.8p to 30.1p between 2002-2013. Key to its longevity is the fact that these are non-discretionary services, which its customers are obliged to fund out of income, which is ring fenced from central Government. However, its biggest attraction is the fact that contracts last an average 6-7 years, which provides valuable forward visibility to earnings, while its gargantuan order book of £3.8bn covers 92% of forecast turnover for this year and 7 ...

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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 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 - 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.

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