Updates

Mears

October 2023

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.

Very encouraging interims from Mears, which has guided up full year expectations to pretax profit of “at least £40m” from anticipated revenues of at least £1 billion. This compares with Panmure’s 2023 forecast for pretax of £38.9m. Equally encouraging was an increase in average daily net cash from £28.4m to £57.4m, while an increased dividend of 3.7p (H1 ‘22: 3.25p) was declared. The group secured new contracts worth £175m (bid success rate: 57%) and even better is the sole remaining bidder on the large £1.5bn 12-year North Lanarkshire contract opportunity. If and when that comes in the shares could spike considerably. I am a buyer. ...

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Cake Box Like-for-like sales accelerate

UP Global Sourcing

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 - 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 - 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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