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Current market turbulence. Results out tomorrow, so a positive would be if they announce another share buyback programme. If they don't I would take that as a negative signal.

The price rise today suggests the £4 breakthrough will be soon

Mears cautious about the second half due to the unknowns on the management contract. If the second half is the same as first then £4 is strongly likely, and given the share price remains nowhere near its all time high then there is plenty of upside here. Would not be surprised of another tranche of buyback announced with the half year results, or possibly before, given how they have played this before.

No

I will also be voting against. A recommendation by the Board at that price suggests either their new strategy isn't up to much or they are not bothered about shareholder interests, only their own.

The finance director is already 40 pence to the good (£8k) on his recent buy.

Now up 21 pence (5.71%)

Interestingly large share price rise this morning - currently up 14 pence (3.8%). This seems to be building momentum upwards.

And we have an expected RNS for Axxion reducing their holding further. Would expect to see some further RNS this week.

3.7 million shares traded today

CFO buys 20000 shares. Not the RNS I was expecting, but always good to see the directors getting their cash out and buying shares.

We have had two days of share turnover in excess of 2 million, so would expect at least 1 RNS concerning large holdings

Axxion unloading more of their holding. Looks like they may want to completely unload. If the price holds up then a real positive.

What a rigged share price this is. Known offer of £3.20 and yet the price falls this morning. It should be at a minimum of £3.20 but then any further bid will look a lot better if the market price is £2.70 rather than £3.20.

The shares they have been buying back in the latest round fall into this years results. If they do manage to hit the same profit as they are suggesting from last year then they will definitely have a record EPS. It would not surprise me to see a further buyback later in the year. This one may be over today or tomorrow by the look of it. The all-time high share price was about £5.25, so they are nowhere near this on a similar EPS and far better cash position.

Very close to their best ever EPS, and yet the share price is nowhere near the all time high

40% of the £20 million already spent

I'm wondering whether the buybacks are of shares being sold by a large holder who wants to unload.

Last year Uncle Doug it was supposed to be 30th March, but of course the auditors unavailability pushed it back, so I was working on that basis. As we know there is nothing certain in this game, but £4 looks likely in the very near future given how much the price is moving up already with the buybacks made. I've never been a great fan of buybacks as I've seen in other companies money just wasted doing it and share price going south, but with the last buyback programme Mears look like they played a clever game, and this one looks strategic as well in getting it done in quick time before the results.

Given how much they spent on the first day of the buyback this could be all done and dusted by the time of the results