Mears Group (MER)

Sector:

Support

Index:

FTSE Small Cap

 205.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 224.00
  • 52 Week Low: 182.00
  • Currency: UK Pounds
  • Shares Issued: 111.02m
  • Volume: 51,265
  • Market Cap: £227.60m
  • RiskGrade: 144

Mears witnesses 'robust trading' throughout H1

By Iain Gilbert

Date: Thursday 30 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Social care provider Mears Group said on Thursday that "positive trends and robust trading" seen during the first four months of the financial year had continued through the remainder of the first half.
Mears stated that revenues were ahead of the prior year, with an improved operating margin, as it witnessed sustained higher levels of activity within management-led activities,

The London-listed also said it had delivered "excellent cash generation", with its underlying earnings to operating cash conversion in excess of 100% and an average daily net positive cash position throughout the period.

Mears also highlighted that its bidding pipeline had strengthened during the period, with it now seeing "significant opportunities" for organic growth.

Chief executive David Miles said: "Trading in the first half has been excellent across the group and this will be reflected in a strong set of interim numbers in August. This trading performance is a result of the strategic actions undertaken in recent years, a streamlining of the business, and our resilient operating platform. Our long track record for quality and operating excellence ensures that we are seeing an increasing range of opportunities from new and existing clients.

"The strong defensive nature of the Mears business means we are looking to the future with significant optimism notwithstanding what is clearly a challenging economic period for the UK. The momentum carried over from the first six months of trading gives the Board further confidence in the delivery of our full-year expectations."

As of 0920 BST, Mears shares were up 1.05% at 192.0p.



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 205.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 224.00
52 Week Low 182.00
Volume 51,265
Shares Issued 111.02m
Market Cap £227.60m
RiskGrade 144

Mears Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.02% above the market average96.02% above the market average96.02% above the market average96.02% above the market average96.02% above the market average
98.04% above the sector average98.04% above the sector average98.04% above the sector average98.04% above the sector average98.04% above the sector average
Price Trend
75.95% above the market average75.95% above the market average75.95% above the market average75.95% above the market average75.95% above the market average
79.63% above the sector average79.63% above the sector average79.63% above the sector average79.63% above the sector average79.63% above the sector average
Income
76.83% above the market average76.83% above the market average76.83% above the market average76.83% above the market average76.83% above the market average
91.04% above the sector average91.04% above the sector average91.04% above the sector average91.04% above the sector average91.04% above the sector average
Growth
51.16% below the market average51.16% below the market average51.16% below the market average51.16% below the market average51.16% below the market average
53.4% below the sector average53.4% below the sector average53.4% below the sector average53.4% below the sector average53.4% 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 31-Jan-2023

Time Volume / Share Price
13:13 534 @ 205.00p
13:13 88 @ 205.00p
13:13 735 @ 205.00p
13:13 400 @ 204.00p
13:13 1,250 @ 204.00p

Mears Group Key Personnel

CEO David Miles
Finance Director Andrew C M Smith

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