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The SP is a bit closer than it was to your stated buyin of £2.80 unc, quite a way to go, but at least the water is only lapping around the waist now rather than the neck.
Would be interested in understanding how you can claim the "debt is more acceptable" Do you have any inside knowledge that the rest of us dont to substantiate that? I've not noticed an rns.
Turnaround taking longer than I expected but not surprising for a fairly illiquid share. Debt is at much more acceptable levels and work should improve over H2. Divvies will be back (I hope) soon. Will hold until Y/E where I will dump if not seen a decent SP increase.
See no strength in the Accounts or share price . Uplift in sp purely due to cash value of its recent asset sale being written in by the market . Yet to be convinced they can sustain any real growth .. bad press poor standards of maintenance repeatedly reported in the press .. still on the sidelines here ..GLA
Looks like you weee right Ernie, results hardly seen as anything positive unfortunately. No sogn or any substantial rise here, currently down 6% today.
Mears Group PLC - Brockworth, England-based housing and social care provider - Says it has made significant strategic progress last year, with revenue resilient, down 9% on a continuing basis to GBP805.8 million in 2020 from GBP881.5 million the year before. Mears said it returned to profitability in the second half, delivering a GBP4.8 million adjusted pretax profit versus a GBP8.2 million loss in the first half. For all of 2020, Mears posts a pretax loss of GBP15.2 million, swinging from a pretax profit of GBP20.3 million in 2019. The company declares no dividend for the year after 3.65p per share was paid for 2019. Mears says it is comfortable with current market consensus expectations for revenue and adjusted pretax profit for 2021.
I really don’t read it that way .
I have concerns over the selling of a performing asset and I’m also hearing worrying things from some landlords about mistakes that are happening around raising of invoices and late rents at strategic times end june YE etc . all of which could potentially be clouding the actual strength of the balance sheet here .
Time will tell .. but I’m out for now at least until I see how this plays out over the next few months .. GL
Good company. Trading update today was very positive. "strong progress against all its key strategic objectives" and "I am delighted at how well the Group has started the new year."
Of course there will be profit taking along the way but MER is seriously undervalued and markets will soon want a slice of the action. All looking good for future returns. Maybe hit 300p by Y/E.
Def been institutional action recently .. leaky ship, potentially sale passed go maybe . I’m sure we will find out once the buying stops ! ??
Gained 13% in 3 months. Not bad. More to come.
Ameriprise dumping more stock. now below 5%
More big BUYS. Heading back to last April's highs.
Been going on a few weeks now .
Some big buys today.
Agree .. the tangible sale value already written in .. any value is in the contracts now .. lose those or fail to make them pay and ?? !
Well its crawled up 3p in the last month Ernie, of course having lost the same amount the month before. Very static.
Someone has been buying large chunks recently .. wonder who ..holdings rns soon ?