Updates

Mears

September 2010

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.

Another all singing all dancing set of results from Mears: sales up 9% to Â£252m, pretax profit up 42% to Â£13.2m and eps up 14% to 10.8p (with tax up from 20% to 28%); so something seems remarkably remiss with the others in the sector, such as Connaught and Rok. Our confidence to re-recommend the shares at 228p is also vindicated.Social housing turnover was up 5% to Â£184.7m, helped by the acquisition of 3C but this masks the recent success in new contracts with six new contracts mobilised in the period. In the last 12 months Mears has been awarded three of the largest partnership contracts that have ever been outsourced in England; Brighton & Hove Council, registered social landlord Family Mosaic and London Borough of Lambet ...

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Innovation

James Fisher

Mears (May 2012)

Mears (February 2012)

Mears (December 2011)

Mears - 93% of forecast sales in the bag (June 2011)

Mears (November 2010)

Mears - 91% off consensus forecast in the bag (July 2010)

Mears - No public sector worries here (May 2010)

Mears (January 2010)

Mears - Possible interest in Claimar Care? (May 2009)

Mears - Eps enhancing acquisition (February 2009)

Mears (January 2009)

Mears (December 2008)

Mears - Close to 52-week high (September 2008)

Mears - Record Â£1.6bn order book (August 2008)

Mears - New year NAP moves to 52-week high (May 2008)

Mears - Arbuthnot sets 400p share price target (March 2008)

Mears - String of upbeat announcements (February 2008)

Mears - Fantastic year for new orders on social housing side (January 2008)

Mears (September 2007)

Mears - Bolt on acquisition in domiciliary side (July 2007)

Mears (April 2007)

Mears - Shares up five-fold since recommendation (February 2007)

Mears (September 2006)

Mears (April 2006)

Mears (February 2006)

Mears - High visibility of earnings (October 2005)

Mears - 81% of sales forecast in the bag (April 2005)

Mears - Gain to date: 236% (September 2004)

Mears (July 2004)

Mears - Says 100% of sales forecast is secure (April 2004)

Mears (February 2003)

Mears (January 2003)

Mears - Gain to date: 98% (May 2002)

Mears - Doubles order book after winning Richmond Â£130m contract (February 2002)

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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