The Sunday Telegraph finance editor doesnt like the idea of Mears anymore and, several weeks ago, suggested selling them -@128. Since then, they have been up to 138 and are now around the 130 mark. Since the Telegraph suggestion Fidelity Investment have stached away a 3.31% stake - as have others.All this for a share that was languishing, with others, at 58p just a wee while ago. NOW. How much are they worth? REALLY WORTH. To assess their ability to stay in business one only has to look at the average Council Executive. Reared on HIGH SALARIES and SMALL WORKLOADS their main aim is off load as much responsibilty as possible commensurate with spending extended time on the golf course and at sensible restaurants. Remember High Executives of Councils are not there with the intention of actually working themselves. Mears, therefore, is a ready made OUT for this idle,lazy band of brothers.A responsible, trustworthy, diligent and patently HONEST outfit who will assume the responsibility and afford our overloaded executive the ability to goof off for another lunch/game.YOU KNOW IT MAKES SENSE.Would anyone like to guess if I own a restaurant?

Investec Add 474.50 520.00 520.00 Reiterates

I've gone long here - seems to have moved strongly away from the 200sma.

Ex-divi wed 11th June (6.3p)
I hold stock which I bought recently.
Hoping for c30p profit per share plus divi! Might take profit though if it gets there before the divi.

Harry I've traded/held these for ten years or more - the chart looks very positive (to me) - I'm +10p on today's trade - so quite smughappy!

AGM Statement

Mears Group PLC (LSE: MER), the provider of services to the Social Housing and Care sectors in the UK, will hold the Company's Annual General Meeting at 9.30a.m., today during which the Chairman will make the following statement:

"Mears issued its Interim Management Statement on 19 May 2014 which highlighted the following:

· Mears continued to deliver solid trading across both core divisions in line with management expectations.
· Mears had secured new contract awards since 1 January 2014 of in excess of £110 million. The Group had achieved 94% visibility of the £908 million consensus revenue forecast for 2014 and 72% visibility of the £960 million consensus revenue forecast for 2015. The order book stood at £3.8 billion with a bid pipeline of £3.0 billion

· Mears continued to benefit from a strong balance sheet and a strong focus on working capital management.

I am pleased to announce that the positive trends referred to in the May statement are continuing."

Liberum Capital Buy 473.75 473.75 - 560.00 Reiterates

Not heading in the right direction atm.......fallen below the 200 DMA. Post ex-divi date so fall not unexpected, but hoping for a recovery pdq!

That's better!

Almost back to breakeven.............sp now above 200 DMA.......... have had the divi. Would be nice to achieve a little profit before moving on!

Strong looking chart - interims tomorrow 19th.

Interim Results

Financial Highlights
· Profit before tax* from continuing activities of £18.7m (2013: £16.9m), growth of 11%
· Excellent EBITDA cash conversion from continuing activities of 100% (2013: 85%)
· New contract wins in excess of £200m: Social Housing awards of £135m with a win rate of 35% (2013: £235m and 33%) and Care awards of £66m with a win rate of 63% (2013: £21m and 37%)
· Strong balance sheet with net cash at 30 June 2014 of £2.7m (2013: net debt £21.7m); average net debt of £63.0m (2013: £74.2m)

Liberum Capital Buy 492.75 493.25 560.00 560.00 Reiterates

Investec Add 489.88 520.00 520.00 Reiterates

Interims seemed reasonable. I go away for a week and sp goes into reverse for no apparent reason!

460 gone.

Bearish engulfing candle....

Isn't that a Bullish engulfing candle (but the wrong colour!). Doesn't a Bearish engulfing candle follow an obvious uptrend?

I knew there was something missing (the up trend) :-)

Clear as mud to me!!! The one in mid Nov last year is presumably a better example.
My understanding is that this should now be implying 'over sold', but if only it was that simple!

Yes - but it looks like a test of 440 on the way.

Might try and bail out if it gets close to the 200 DMA. Would be about break even for me. (+ divi).
Looking at the 5 year chart, the downside risk is just too great, imo.