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Yawn - whatever.
Fact teller Doug.
Your post below dated 19 March 2019 stated you "bought in that day" its there for all to see
The sp was in the region of 280 that day.
Its now 153.
Your simply economical with the truth.
Troll
110m shares in issue *1£.5 =166m
offer is 62m ..multiple shares in issue by share price and guess what the same pretty much
Hope so Doug...I'm not that knowledgeable but looked like a good company that had hit its low, all the best!
Its a cheeky question but you know of any other hidden gems? Good luck again
Long way to go yet. These could double over next few days. Just shows that Mkt Cap of MER is priced ridiculously low.
Bought 2k of these when it hit 107 wasn't expecting this...well done mears!
Up 11% in 2 days since results. Feeling that work and new orders should increase once normality is restored.
The extra Government funding for infrastructure build and repair Can only bode well for MER, the repair spend in particular. Mears is currently a bargain but apparently not on the market radar. That will change soon.
The stock’s ratio of 7.49x is currently well-below the industry average of 13.77x, meaning that it is trading at a cheaper price relative to its peers
Surprised the SP so low. They are doing lots of work around here as they have a big building and maintenance contract with the local council. They're one of a few companies able to make income during this lockdown.
Think I'll wait for next results and if not 40p higher than at present I will be dumping.
Not impressed to be honest .. care sold for less than expected ...so looks like they struggled offloading that mistake !
no good keep buying businesses / contracts if you can’t make them work for you then selling them off !
Revenue up but that’s a side step from the mite acquisition isn’t it ? I’ve done a lot of research into the AASC contract too ..looking at G4 and others who’ve struggled with the contract I’m not sure it’s the money cow they hoping it to be ! It’s a political hot potato too and I’ve already seen some negative press bout their running of it and it could attract heavy gov fines if not careful ! I’m still hoping .. but ive got a close eye in it !
Trading Update out today. Res not stunning, in line they say ... then a load of gobbledegook about impairment and selling off services and job cuts. Cash stronger and debt better but they don't word it in same way as previous statements which makes it harder to compare. Rev up 16% but that was after a really poor 2018. But order book a lot less than predicted. Must admit I was expecting better news, not all these mixed messages. We'll see where we go from here but I'm losing patience.
on my BUY back in March. Onwards and upwards. Must be doing something right - I saw 2 of their white vans today. I reckon things are picking up.
So did I. This was clearly a silly reaction. The company doesn't appear to be in any financial difficulty or hiding any skeletons in the cupboard as far as I can tell. Totally different business to CLLN or IRV.
With outsourcing companies like Carillion and Interserve going belly up not surprising the SP has dropped for Mears. The results show good progress being made, future focus on most profitable areas and revenue set to increase and debt to be lowered. Mears is positioning itself for a big turnaround in next 2 years. I have bought in today.
why these are down 21% in 3 weeks from 372p to 295p. Anyone know WTF is going on?
Trading Update due on 15th Jan. This will tell us if the board's optimism for 2018 was justified. I expect a decent rebound on current SP, some positive statements and some significant improvements. I do not want to see the word "challenging" anywhere.
What's the difference between this in the FTSE and the NEX Exchange ? https://www.nexexchange.com/member?securityid=10666
i knew someone would have to spoil it
after 4 - 5 hours trying to sell in one go! or not at all, there gone! what a rush,biggest trade of the day so far, which is a first for me,happy day''s GLA
KEL IS FIT
N+1 Singer kept its "buy" stance on social housing company Mears (MER) with an increase in target price from 345p to 390p. The broker cites the acquisition of a "sizeable competitor", Morrison Facilities Services, for 24 million pounds as justification of the increase in its target. Although the company is currently loss making, the broker believes that management will turn the business around and deliver medium-term earnings. The shares remained flat at 302.25p.