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?

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

weird or what? i didnt even know results were due this week when i made the above post about tasting pie this week.
10/03/09 Record Preliminary Results( rns)
10/03/09 Mears ups dividend after record result(Mon AM)
11/03/09 Broker News- Mears upgraded to add from hold at... (Mon AM )
it seems i must be batting on a sticky wicket here.
note to self. i'm clearly going to be wrong on this one, dont swim against the tide.
not going to be stubborn here, whether it is the tide of news and sentiment or tide of price. its nice when they all flow together but so often they dont. so i will go with tide of PRICE. another note to self. be careful. be patient.(i'm still short) until Price or money management tells me to be other than short. its turning into a volatile beeste recently.its very oversold and could easily bounce back to the 270/275 level suggested by the broker.
might not. anyone buying here and seeing it move up to that level may find it difficult to unbelieve and sell on a subsequent fall.those are the long term investors who will still be holding when and if the fall out occurs.it may never happen. if this then that etc. anyway for the moment i hold short but could be wrong so have a stop loss in place to protect me.
as always this is all just my opinion.
good luck
regards
jkd

crikey!
time for a no loss stop loss. ill be very disappointed if it gets hit, could happen.
time to stop watching methinks.
regards
jkd

i've been stopped out of half my holding today. still holding the balance. thank goodness for stop losses. at least i've managed to bank some profit.
regards
jkd

http://www.moneyam.com/action/news/showArticle?id=3596722

i've been stopped out of my remaining holding today, now flat.
regards
jkd

Mears announces 70m new contract wins.

Mears wins 200m Brighton housing contract
Business Financial Newswire
Support services group Mears has won a ten-year 200m contract from Brighton & Hove City Council to provide housing stock upgrades, repairs and maintenance services.

CEO Bob Holt said, 'I believe this to be one of the largest contracts of its kind awarded in the UK ever and represents a significant move to a long-term partnership for Brighton & Hove.'

Mears has won contracts worth a total of 400m since April and has a strong pipeline of bids, said Holt.

i'm getting ready to short.
regards
jkd

Results well received!

Interim management Statement.

Trading update

Mears has continued to experience strong trading across all divisions since announcing the interim results in August 2009. The forecast full year results are in line with management's expectations.

The Group has announced new contract awards in excess of 450m since the annual results were published on 10 March 2009 and we continue to build on this strong performance with an order book standing at over 1.7bn. The bid pipeline is strong and we are currently at advanced stages of negotiating further significant opportunities. We anticipate reporting a record year for growth in our order book.

The demand for our services has never been stronger. Our two growth markets Social Housing and Domiciliary Care, which account for approaching 90% of Group revenues, are defensive markets where spend is largely non discretionary and afford us substantial immunity from bad debts. Moreover as a result of our quality partnership relationships with first class public sector customers, we have not experienced any work delays from our public sector customers.

New Contracts.

Mears is pleased to announce the award of new contracts across all three
operating divisions.


The awards have an initial value of GBP113 million and are subject to contract
extensions taking the total worth to in excess of GBP200 million. This takes the
aggregate total of new contracts awarded in the nine months since Mears
announced its preliminary results to in excess of GBP550 million with a
potential worth in excess of GBP650 million, subject to contract extensions,
which would result in a record year for the Group in terms of both new contract
awards and order book.