Mears Group (MER)

Sector:

Support

Index:

FTSE Small Cap

369.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 371.00
  • 52 Week Low: 196.40
  • Currency: UK Pounds
  • Shares Issued: 97.82m
  • Volume: 306,918
  • Market Cap: £360.97m
  • RiskGrade: 144

Mears wins new Residential Living Accommodation Project contract

By Iain Gilbert

Date: Monday 28 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Housing and social care provider Mears Group said on Monday that it has been awarded a new Residential Living Accommodation Project contract that will see it provide a wide range of housing services to the Defence Infrastructure Organisation.
Mears stated the award, subject to contract and the successful completion of a standstill period, covers a term of up to seven years and comes with an annual value in excess of £50.0m. The contract was expected to commence in April.

Under the contract, the London-listed firm will provide a wide range of accommodation and property services to service personnel and their families across the UK, including property search, selection and leasing, relocation services, tenancy management, responsive repairs and maintenance.

Chief excecutive David Miles said: "With this contract award we can continue to provide the highest levels of service to these key personnel and their families and value for money to the DIO.

"Together with our contracts with the Home Office and the Ministry of Justice, today's successful award underlines that Mears is recognised as a trusted partner for specialist housing management services across Central Government departments. This award puts the Group in an excellent position for 2022 and beyond."

As of 0825 GMT, Mears shares were up 2.50% at 205.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Mears Group Market Data

Currency UK Pounds
Share Price 369.00p
Change Today 2.00p
% Change 0.55 %
52 Week High 371.00
52 Week Low 196.40
Volume 306,918
Shares Issued 97.82m
Market Cap £360.97m
RiskGrade 144

Mears Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.08% below the market average56.08% below the market average56.08% below the market average56.08% below the market average56.08% below the market average
17.78% below the sector average17.78% below the sector average17.78% below the sector average17.78% below the sector average17.78% below the sector average
Price Trend
95.89% above the market average95.89% above the market average95.89% above the market average95.89% above the market average95.89% above the market average
88.12% above the sector average88.12% above the sector average88.12% above the sector average88.12% above the sector average88.12% above the sector average
Income
3.66% below the market average3.66% below the market average3.66% below the market average3.66% below the market average3.66% below the market average
10.77% below the sector average10.77% below the sector average10.77% below the sector average10.77% below the sector average10.77% below the sector average
Growth
22.32% above the market average22.32% above the market average22.32% above the market average22.32% above the market average22.32% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 1
Buy 3
Neutral 0
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Mears Group Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Oct-23 n/a
Paid 27-Oct-23 n/a
Amount 3.70p 7.25p

Trades for 28-Mar-2024

Time Volume / Share Price
13:46 34,114 @ 368.50p
16:35 40,458 @ 369.00p
16:35 1,166 @ 369.00p
16:35 101 @ 369.00p
16:35 447 @ 369.00p

Mears Group Key Personnel

Finance Director Andrew C M Smith
Chair Jim Clarke
CEO Lucas Critchley

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