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Mears - Arbuthnot sets 400p share price target

March 2008

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:
  • 281p
Sending the share price higher was news that the HousingCorporation, the social housing regulator, has cleared Mears of anywrongdoing following an investigation into its working practices. Theinvestigation  followed a BBC radio documentary last year whichhad made a number of allegations that Mears had routinely massagedperformance figures on a key contract in Hackney. Separately, Mears has also announced further contracts in both itssocial housing and care divisions. On the social housing side, Mearshas also won a £10m contract over five years with Mole Valley Housingfor planned maintenance and void refurbishment services. The caredivision has reported three small contract wins and also announced asmall acquisition in the No ...

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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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