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Mears

January 2003

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
Mears has acquired Southampton-based M&T Group, a provider of building maintenance and painting services for the social housing sector. Major customers include Poole Borough Council and Portsmouth City Council. The vendor is Michael Turl, a founder of Mears and a director of Mears subsidiary Haydon, so the deal is a related transaction under AIM Rules. For the year ended 31 December2001, M&T made £138,758 operating profit on sales of £5.1m. Mearsis paying up to £3.5m (£815,000 cash upfront with the balance based onperformance). Continued strong hold. ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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