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?

WHAT A GEM OF A STOCK

Oh Boooootiful day. 221.5p and a year ago the Telegraph thpought there was no more steam left in them @ 128p. But then they had to SELL the paper,too

Another day, another dollar - well, not quite but still a good mark up they are paying 226.5p now.

Jan 4'05 221.5
Jan 5'05 226.5
Jan17'05 238p
You could have made a turn since Xmas - but you probably all missed out.

Hi Hilldee,

Bought 1K @ 259p on 16/8 on behalf of my local share club. Hope you are still holding and as you have previously said, overall this share is a steady climber.

Hopefully this will continue over the coming months.

Regards

p+f vertical count gives a target of 291 time is not taken into account

Confirmation of what I said a couple of weeks ago that this share is a steady climber. Following the publication of the undermentioned interim results this morning the SP has risen to 272/276p.

This is a share for the bottom drawer.

Mears Group PLC
30 August 2005

MEARS GROUP

INTERIM RESULTS

CHAIRMAN'S STATEMENT


The highlights of our performance for the first half of 2005 are:

Profit before tax and goodwill amortisation up 41.8%

Social housing turnover up 51.8%

Cash inflow of 1.7m after absorbing strong growth

Contract wins valued at 220m

Order book at 960m

Normalised earnings per share pre-goodwill amortisation up 40.6%

Dividend up 40%

Watch this one to continue to gradually climb to 300p and beyond.

Tenereds

Don t often post on this one anymore - sinc e there seemed to be little enthusiasm from anyone. My latest estimates are 320p BEFORE year end. So. Thay are still worth buying and will be for a wee while yet. Congratulations, for you perspicacity, foresight and common sense, to anyone who took notice of my remarks - now so long ago. We shall grow rich together!!!!!

p+F first target is 338 for those who don`t know: p+f does not take time into account

hilldee, I have followed your musings about this company and you have been right. I bought in Nov 04 and have watched the price grow and grow. I look forward to your prediction of 320p before year end. People do read your messages but for some reason do not respond, probably too busy buying shares.

Never owned these but followed them from afar for years, this caught my eye this morning.

From Digger's post:

Directors' dealing: MEARS (Chairman Bob Holt sells 2.7 million shares at 300 pence for 8.1 mln stg)

The sale has caused a bot of a shockwave today - down over 6%. Anyone know if there was a reason given for the sale - expensive Chrimbo presents perhaps!

rgrds
gk

Any body know what is happening to this share, have held it for a long time but it seems to be drifting lower by the day?

shorted these today
will update comments later
could be wrong
regards
jkd

my only red one thus far today.
will give it another few days to decide before bailing. may have been too early.
may be wrong. may not, so just waiting.
regards
#jkd

Jkd - are you basing this purely on the chart?

s
i have no idea what this company does or what business sector it is in.
so i guess the answer to your question must be Yes.
good luck and regards
jkd

well my waiting now shows me a profit. price is now approaching a good support level so i wouldnt be surprised to see a bounce from here. unfortunately it's still too short a time and still too close to my entry point for me to feel comfortable about putting in a no cost stop loss, which i like to do as soon as possible. so i shall continue to "nurse" the position until i feel ok about placing a stop loss that i am technically happy with, and then hopefuly forget about.until i can amend it in my favour that is. i'm not there yet though. so whilst i am now in profit i do still have risk to my own capital and a possible loss here. lets wait and see. i may change my mind. i may not. please all dyor
regards
jkd

well
im still sitting. long term if this stock dont break 150 ill eat my hat. could be wrong.
in the mean time im getting ready to eat humble pie. pie today seems a tastier meal than jam hat tomorrow. still holding short. must remove these bins of mine. we shall see. please dyor
all just my opinion
regards
jkd

no pie today, maybe ill get to taste it next week,
im still short, could be wrong, we shall see.
regards
jkd