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Mears

November 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.

  • Epic Code:
  • MER
  • Price:
  • 422p
Mears’ remarkable unbroken record of eps growth stretching back to 2001 looks set to continue with interims showing pretax profit and eps rising 21% and 17% respectively to £18.7m and 14.3p. Visibility remains strong with 95% of consensus forecasts for 2014 and 85% for ’15 covered by long-term contracts.In social housing, which comprises a rapid response and planned maintenance service to registered social landlords, revenues fell from £378m to £365m but last year’s figure includes a non-recurring spike in sales immediately following the acquisition of Morrison. Operating margins rose from 3.7% to 4.2% driven by improving contract margins from the ex-Morrison business. Although new orders were a ...

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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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