Uncle Doug
07 Feb 2017
Re: This could get exciting From 498p to 538p in a few days. Up 15% in 1 month, 30% in 1 year. Plenty more to come I think. Fill yer boots.
Uncle Doug
01 Feb 2017
This could get exciting Closed today @ 519.5. Lots of higher highs recently. Getting very exciting. I'm staying for the ride.
II Editor
31 Jan 2017
NEW ARTICLE: Stockwatch: Scope to double in two years "So is the vibrant risk/reward profile at this FTSE Fledgling, asset and energy support services group now upwards?I drew attention around 30p last August as a 'speculative buy' after the classic third (i.e. final?) profit warning and the arrival ..."[link]
Uncle Doug
25 Jan 2017
Broker Upgrade <<<In an analyst rating update on Wednesday shares of Mears Group (LON:MER) had their rating reiterated by analysts at Peel Hunt Limited.The broker said it has now set a ‘Buy’ rating on shares of Mears Group with a price target of 550. The price target according to the broker shows a possible increase of 13.34% from the current stock price of 485.25.The companies 50 day moving average is 453.7 and its 200 day moving average is 444.32. The 52 week high Mears Group’s shares have peaked at is 510 whilst the 52 week low for the company’s shares is 346.75.>>>Breakthrough of 500 !!!!Decent Spike Up !!!!Massive volume today, 30 times the average. Hold on to your hats - this could get exciting ...
Uncle Doug
19 Jan 2017
Trading Statement Trading Statement :========== =========Mears Group said in a pre-close trading update that it continues to deliver a solid trading performance and anticipates reporting FY results in line with management expectations.The Group expects to report a small net debt balance at 31 December 2016."Our Housing division experienced a record number of new contract starts during 2016. Following a successful period of mobilisations, these contracts are fully bedded down," it said."The rationalisation of our Care business, which we announced in August, is substantially complete, allowing greater focus to be placed upon higher quality contracts with sustainable margins."The Group has good visibility of future revenues with 93% and 82% of the market consensus revenue forecast for 2017 and 2018 of £1.01bn and £1.06bn respectively (PY 94% and 82%).At 9:45am: (LON:MER) Mears Group PLC share price was +6.38p at 462.38p========== ========== =======MER have knocked at and around 480 seven times now in two years - time to go past and soar above it !!!btw, Caretech (CTH) , since I mentioned them a month ago, are up 20%. So, plenty more upside due here for MER, although seems to be a slow burner compared to CTH. This latest trading statement is v positive and I'm still predicting 550 in 2017. Decent dividend.
Uncle Doug
08 Dec 2016
Caretech doubles profit CareTech (CTH.L ) who operate in similar markets to MEARS have issued great results today. Their SP up 31% this year , up 286% in 5 years. MER have some catching up to do, which is why I keep saying there's considerable upside here.<<Pretax profit for the full year amounted to GBP22.5 million, 2.4 times higher than the GBP9.4 million reported last year. On an underlying basis that excludes one-off items, pretax profit in the year rose to GBP26.1 million from GBP22.0 million.>>
Uncle Doug
07 Dec 2016
Re: Osborne's Spending Review Come on MEARS. Still hoping for 500 by Y/E. There is an easy 10% upside here ... just need some good news to come out.
Uncle Doug
20 Oct 2016
Re: Don't Panic! Then it hit 510 at 9.30am - a 52 week High. This should generate new interest. Keep hold of your winners ... Mears heading to 550
5haggy
13 Oct 2016
Don't Panic! Most of today's share price drop was as a result of going "Ex-div" this morning - 3.3p
Uncle Doug
15 Mar 2016
Good results today I'm happy with their achievements in 2015. Great set of results, increased margins and good acquisitions. Good growth prospects for 2016 and beyond. Target 500 soon and 550 by year end.
II Editor
02 Feb 2016
NEW ARTICLE: Stockwatch: A risky recovery 'buy' emerges "Following my points last week about profit warnings, it is useful to consider the latest - from LSE:LAKE:Lakehouse - which continues the trend and shows how price pressures are crimping profits.Admittedly, this FTSE Small-Cap stock is more ..."[link]
II Editor
09 Dec 2015
NEW ARTICLE: Bilby deal is 'transformational' "Sangita Shah has the "best job in the world". She's non-executive chairperson at Bilby, the provider of maintenance services for local authority social housing in the capital and the South East. We said Bilby was "one to watch" and the share ..."[link]
Uncle Doug
25 Nov 2015
Osborne's Spending Review Osborne's Spending Review today - councils allowed to raise council tax by 2% if it's spent on social care. It's pretty certain most councils will do this ... good news for Mears. TP 500 by end of year.
Uncle Doug
10 Nov 2015
Re: Why the rise? No idea about the recent improvement. Hit 460 this morning before retracing to 445. Illiquidity in MER will always cause large jumps but over the year MER has trended between 380 and 470 and the yield is quite decent. They survived the summer meltdown which seemed to affect nearly everybody else and the momentum is on the up now. I think an ageing population and govt policy favouring care in the home will be good news for MER and I will be sticking with this solid company for the foreseeable future. Very positive guidance from the company and an average broker rating of hold and TP of 462. All good signs and I expect MER to revisit 470 again by end of year and a significant breakout well above 500.
Kendal Green
05 Nov 2015
Why the rise? Ok yesterday was a breakout and today it continues. Mears is suddenly showing strength not seen for many months. But why? No rerating has been issued or RNS so somewhat mystified.
