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Mears

December 2011

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:
  • 224p
The shares took a tumble despite Mears, which has for so long been a stalwart of the support services sector, issuing a generally positive trading statement. This said it continues to see solid trading in its  core businesses of Social Housing and Care with the order book of £2.7 billion providing it with secured revenues of 95% of current consensus forecast revenues for 2011, 85% for 2012 and 70% for 2013.What has however blotted the copybook is its Photovoltaic solar panel installations, a sideline to its social housing work that it only entered in earnest in August. Following a decision by the government to halve the solar feed in tariff (FIT) this is no longer viable work. The lost solar profit will be £3.3m (9% of prev ...

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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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