Mears Group (MER)

Sector:

Support

Index:

FTSE Small Cap

214.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 224.00
  • 52 Week Low: 182.00
  • Currency: UK Pounds
  • Shares Issued: 111.02m
  • Volume: 1,531
  • Market Cap: £237.59m
  • RiskGrade: 144
  • Beta: 0.02

Mears trades ahead of expectations after 'strong' start to the year

By Iain Gilbert

Date: Tuesday 17 May 2022

LONDON (ShareCast) - (Sharecast News) - Mears said on Tuesday that it had experienced "strong trading" in the first four months of its financial year that has put it ahead of internal expectations and left it "increasingly confident" in the outturn for the full trading year.
Mears stated its "strong performance" had been driven by continued elevated revenues in its management-led activities, improving operating margins, and excellent cash performance.

The London-listed group also highlighted the performance had been achieved amid "a challenging operational backdrop", including price inflation and skills shortages, and through a busy period of new contract mobilisations.

Elsewhere, Mears revealed that chief executive David Miles had indicated his intention to step down from the role after more than twenty-six years with the group. Mears said chief operating officer Lucas Critchley will replace Miles at "a future date".

Miles said: "The group has performed brilliantly through the year to date. I am delighted at the strong financial performance delivered in the first four months. We are trusted partners to our Local and Central Government clients. Our clients face significant operational challenges and Mears core skills and well-invested operating platform ensures we are well placed to support them though these."

As of 0855 BST, Mears shares were up 3.21% at 193.0p.



Reporting by Iain Gilbert at Sharecast.com

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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 214.00p
Change Today 3.00p
% Change 1.42 %
52 Week High 224.00
52 Week Low 182.00
Volume 1,531
Shares Issued 111.02m
Market Cap £237.59m
Beta 0.02
RiskGrade 144

Mears Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.04% above the market average95.04% above the market average95.04% above the market average95.04% above the market average95.04% above the market average
96.08% above the sector average96.08% above the sector average96.08% above the sector average96.08% above the sector average96.08% above the sector average
Price Trend
63.39% above the market average63.39% above the market average63.39% above the market average63.39% above the market average63.39% above the market average
55.14% above the sector average55.14% above the sector average55.14% above the sector average55.14% above the sector average55.14% above the sector average
Income
73.11% above the market average73.11% above the market average73.11% above the market average73.11% above the market average73.11% above the market average
85.07% above the sector average85.07% above the sector average85.07% above the sector average85.07% above the sector average85.07% above the sector average
Growth
51.89% below the market average51.89% below the market average51.89% below the market average51.89% below the market average51.89% below the market average
61.17% below the sector average61.17% below the sector average61.17% below the sector average61.17% below the sector average61.17% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_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 06-Oct-22 26-May-22
Paid 28-Oct-22 16-Jun-22
Amount 3.25p 5.50p

Trades for 09-Feb-2023

Time Volume / Share Price
08:33 1,000 @ 210.75p
08:04 30 @ 211.20p
08:04 1 @ 214.00p
08:03 500 @ 214.00p

Mears Group Key Personnel

CEO David Miles
Finance Director Andrew C M Smith

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