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?

Final Results.

Summary of Operations and Outlook

Financial:

Major tender successes, with record contract wins valued at over 650m in the last twelve months.
Group operating margin increased to 5.3%.
Operating profit to cash conversion at 108.7%.
Strong balance sheet with net funds of 6.5m.
New bank facility for the enlarged Group committed of 85m until June 2013.
Dividend increased by 20%.

bought some more this morning..hoping for a 30% gradual re-rating in the sp from here in the coming months. (imho)

Nice RNS this morning.....

Mears Group PLC
("Mears" or "the Group")

GBP170m Contract with London Borough of Lambeth
Repairs, Maintenance and Improvement Partnership

Mears is pleased to announce that, subject to leaseholder consultation, the
London Borough of Lambeth intend to award a long-term partnership contract to
provide responsive repairs, void refurbishment, estate management, decent
homes and planned maintenance. The contract relates to the North housing region
which includes around 8,000 of the 20,100 tenanted homes within Lambeth.

The 7 year contract; (with an extension of up to a further 3 years dependant on
performance) is valued at GBP170 million (including extension) and is expected
to commence in October 2010.

Mears Group PLC
("Mears" or "the Group")

GBP300million Partnership Contract
with Family Mosaic Housing Association ("Family Mosaic")


Mears is pleased to announce that it has been notified today by Family Mosaic
that they have agreed, subject to the completion of the standstill period, to
appoint Mears as preferred bidder. The value of the award is GBP300 million for
a ten year period. The contract relates to more than 20,000 homes in London and
the Home Counties and is expected to commence in October 2010.

Mears, as the principle partner will provide a single 24 hour call centre
service for all tenants of Family Mosaic and be responsible for responsive,
void, gas maintenance, property surveying and estates management services.

Family Mosaic is a current client of Mears and is one of the largest Registered
Social Landlords in the UK, providing homes and housing services to around
45,000 people in over 20,000 homes across London and the Home Counties. Family
Mosaic offers a diverse range of housing and support related services including;
general needs housing, sheltered housing, housing with extra support, a
temporary housing department, leasehold management and a tenant support service.

Interim Management Statement.

Mears today releases its Interim Management Statement ("IMS") for the period from 1 January 2010 to date.

Continued strong trading across all the Group's divisions;

Over 500 million of new contract awards in Social Housing;

9 new contract awards in domiciliary care;

Integration of the Supporta acquisition is well advanced.

Trading update

Mears is continuing to deliver strong trading across all divisions.

Since publication of our final results on 9 March 2010 for the year to 31 December 2009, we have announced contract wins of over 500 million in Social Housing and a bid pipeline which still remains in excess of 3 billion. The order book currently stands at 2.5 billion with secured revenues of 91% of consensus forecast for the current year and 77% for 2011.

Just fell off a cliff and in auction.

Stmnt re Share Price Movement



TIDMMER

RNS Number : 3064O
Mears Group PLC
28 June 2010

?

28 June 2010
Mears Group PLC
("Mears" or "the Company" or "the Group")

Further Response re: Price Movement

Following the brief statement made by Mears after the market closed on Friday 25
June the Company is pleased to reiterate that it is continuing to deliver strong
trading across all divisions and is not experiencing any downward pressure on
spend in its social housing business. Current trading and strong cash conversion
for the year are in line with management expectations.

In summary:

� Continuing to deliver strong trading across all divisions
� No evidence or experience of downward pressure in spending in social
housing which remains a largely secure and non-discretionary spend
� GBP2.5 billion order book and GBP3 billion bid pipeline
� Winning longer term agreements with Local Authorities and RSLs
� Secured revenues of 91% of consensus forecast for the current year
� Strong focus on cash conversion.

Commenting, Bob Holt, Chairman of Mears Group, said:
"I believe that Mears will now be considered market leader in social housing
repair and maintenance which will add further to an already unprecedented level
of opportunity within the public sector. Local Authority clients continue to
consider more innovative and higher scale partnerships which is already
evidenced this year with major contract wins.

"The quality of our operational delivery and our people underpins our strategy
and continues to give us clear competitive advantage as evidenced by our
enhanced reputation both in terms of the winning of new business and the
recruitment and retention of key personnel. These factors are central in
maintaining a robust revenue stream with our existing client base whilst
providing significant opportunity within our bid pipeline."

ends.

These look well oversold having been dragged down by Connaughts profit warning.

Brokers now queing up to give a BUY rating.......... (from hemscott premium)

a forward P/E of just 8.6 to 2011, derd cheap for a quality company like this..

Mears Group PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Execution Noble
12-07-10 BUY 30.50 24.50 6.50 34.70 27.50 7.10

Panmure Gordon
12-07-10 HOLD 30.40 25.30 6.33 35.10 29.00 6.96

KBC Peel Hunt Ltd
09-07-10 BUY 31.33 25.79 6.50 38.09 30.05 7.50

Arden Partners
09-07-10 BUY 30.70 26.30 6.50 35.00 28.60 7.30

Brewin Dolphin
09-07-10 BUY 30.00 24.20 6.30 34.30 26.90 6.90

The Royal Bank of Scotland NV
08-07-10 BUY 30.41 24.52 6.50 34.82 27.52 7.20

Investec Securities
24-06-10 BUY 30.54 24.69 6.56 34.78 27.58 7.54

Altium Securities
28-05-10 HOLD 29.40 23.50 6.30 34.10 27.00 7.30

Collins Stewart
13-05-10 BUY 30.30 24.40 35.00 27.70

Numis Securities Ltd
11-05-10 HOLD 31.00 25.00 6.70 35.00 27.70 7.90

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 30.42 24.69 6.47 34.85 27.77 7.31

1 Month Change -0.06 -0.02 0.00 0.09 -0.08 -0.05
3 Month Change -0.15 -0.04 -0.06 -0.51 -0.10 -0.05


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS 6.62% 36.49% 12.51%
DPS 17.65% 29.48% 12.96%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 27.25m 35.26m 39.62m

EBIT 19.89m m m

Dividend Yield 2.08% 2.69% 3.03%

Dividend Cover 3.62x 3.81x 3.80x

PER 13.32x 9.76x 8.68x

PEG 2.01f 0.27f 0.69f

Net Asset Value PS 44.72p 161.54p 173.46p

brokers must have a load of shares to get rid of beware perhaps profit warning coming up.

Mears Group PLC
("Mears" or "the Group")

Disposal of Datacare Business Systems Limited ("Datacare")

Mears today announces the disposal of Datacare to Mavinwood plc generating net
proceeds of GBP1.0m. Datacare was acquired earlier this year as part of the
Supporta plc acquisition. At the time Mears acquired Datacare, the Group stated
it would conduct a review of the business to determine whether it formed a part
of Mears' long term strategy. Following this review, it was determined that
Datacare is not core to the Group's strategy.

Strategic Partnership with British Gas Trading Limited ("British Gas")


Mears announces that it has today entered into a Strategic Partnership ("Partnership") with British Gas to jointly address the challenges of energy efficiency within the social housing sector.

Looks like good news...lots of ifs and buts and it depends on the economy doing well and government spending controls etc... market reacting pos+ at the moment hope it continues!

Interim management Statement.

Key Highlights since 1 July 2010
Group order book of 2.6 billion with unprecedented forward visibility approaching 90% of consensus forecast revenues for 2011 and 75% for 2012.

New contracts awarded in 2010 to-date total 1 billion (including extensions).

Transformational year for Mears. Consolidation of market leading position in both core growth markets of Social Housing and Domiciliary Care.

Exceptional opportunities in both core growth markets.

Government Spending Review is positive for Mears.

Trading in line with management expectations before the mobilisation costs of several new contracts to be mobilised close to year end.

New contracts awarded to the Group's Social Housing Division to the value of 68 million (145 million including extensions).

Mobilisation of the 300 million Family Mosaic contract, delivering services to more than 20,000 homes throughout London.

Acquisition of Jackson Lloyd Limited, which operates social housing maintenance contracts in the North West of England.

Announced British Gas Strategic Partnership to target funding opportunities under the Carbon Emissions Reduction Target (CERT) and the Community Energy Savings Programme (CESP) within Mears' existing and growing Social Housing client base.

New Domiciliary Care contract awards estimated to be worth in the region of 12 million over an average period of 4 years.

Group bid pipeline in excess of 3.0 billion underpins the Board's confidence in the future.

Pre-close Trading Update.

Trading Statement

Mears is delighted to report that trading for the year ended 31 December 2010 across all divisions was in line with management expectations.

During a particularly busy period of new contract mobilisations in the fourth quarter of the year, the Group has maintained its robust working capital management with strong profit to cash conversion.

Our bid pipeline remains robust at 3 billion and further new contract successes have increased the Group's order book to 2.7 billion providing unprecedented forward visibility of consensus forecast revenues for 2011 of in excess of 90% and approaching 80% for 2012.

The Group will be announcing its preliminary results for the year ended 31 December 2010 on Tuesday, 15 March 2011.

It all looks solid. Hopefully we'll see 3.5p in the next 4-6 months!

Nice progress today....showing 13% profit so far on my initial outlay...looking for 350p+ in the next few months! but will hold for larger gains on a 2yr view (imho)

SP continuing to climb...nice!

ive already eaten my hat.
regards
jkd