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Mears - Says 100% of sales forecast is secure

April 2004

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.

  • Epic Code:
  • MER
  • Price:
  • 158p
An ability to squeeze more of out acquisitions for which it never overpays is just one reason that forecasts for Mears keep rising and have already helped Mears deliver annual profit growth of 43% compound each year since its flotation in 1996. For the latest year to 31 December, pretax profit before goodwill was up 39% at £5.24m. Revenues were up 42% to £112.1m with acquisitions accounting for £9.1m of that (organic growth 31%). Earnings were up 35% to 6.5p.The maintenance, mechanical and electrical services side saw  sales rise to £99.6m from £63m and profit rose from £2.53m to £4.19m. Excluding the effect of Scion (acquired in August) which contributed a small loss, operatin ...

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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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