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Mears Group PLC (MERG.L)

MERG.L on London Stock Exchange

500.00GBp
22 Mar 2017
Change (% chg)

0.00 (+0.00%)
Prev Close
500.00
Open
495.00
Day's High
502.00
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495.00
Volume
577,211
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294,037
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540.00
52-wk Low
346.75

Latest Key Developments (Source: Significant Developments)

Mears Group says full-year revenue up 7 pct
Tuesday, 21 Mar 2017 03:13am EDT 

Mears Group Plc : Fy revenue 940.1 million stg versus 881.1 million stg year ago . Final dividend 8.4 penceper share . Total dividend up 6 percent to 11.7 penceper share . Mears group plc - fy group revenue £940.1m million stg versus 881.1 million stg . Mears group plc - fy pre-tax profit for the year £40.1m million stg versus 36.8 million stg . Mears group plc - fy normalised diluted eps 30.36 pence versus 27.94 p . Dividend per share 11.70p . Fy housing revenue of £787.5m (2015: £735.1m), reflecting strong organic growth underpinned by growth in housing management. . Order book at £3.1 billion (2015: £3.5 billion) and a solid pipeline of new opportunities . Visibility of 94pct of consensus forecast revenue for 2017 and in excess of 82pct for 2018 (2015: 96pct and 82pct respectively) .Mears group - while uncertainty is never positive for business, mears does not envisage any significant negative impact from an eu exit.  Full Article

Mears Group H1 revenue rises
Tuesday, 16 Aug 2016 02:00am EDT 

Mears Group Plc : H1 revenue rose 8 pct to 466.2 mln stg . Interim dividend up 6 pct to 3.3 pence per share . Decision to exit unsustainable (care) contracts necessarily impacts our results for current year - CEO . Expects underlying trading for full year to remain on-track before one-off costs associated with pruning of our care activities . Profit before tax falls 5 pct to £18.2m . Order book at 3.5 bln stg(2015: 3.2 bln stg) reflecting a particularly successful period of new contract bidding over last twelve months .Continue to find care market challenging - CEO.  Full Article

Mears Group PLC recommends final dividend
Tuesday, 15 Mar 2016 03:00am EDT 

Mears Group PLC:Recommended final dividend of 7.90p per share which, when combined with the interim dividend, gives a total dividend for the year of 11.0p (2014: 10.00p), a 10% increase.Says dividend is payable on July 7, 2016 to shareholders on the register on June 17, 2016.  Full Article

Mears Group PLC declares interim dividend
Tuesday, 18 Aug 2015 02:00am EDT 

Mears Group PLC:Declares interim dividend of 3.10p per share payable on Nov. 3, to shareholders on register of members on Oct. 16.  Full Article

Mears Group PLC announces acquisition of Care UK Homecare Ltd
Monday, 1 Jun 2015 02:01am EDT 

Mears Group PLC:Says the acquisition of Care UK Homecare Ltd and Care UK Community Care Agency Ltd, the corporate entities comprising the Care at Home division of Care UK Ltd (CAH).The total consideration is 11.3 million Pounds in cash.It is comprising a base payment of 9.0 mln Pounds valuing the business on a debt-free basis and assuming a normal level of working capital together with a further payment of 2.3 mln Pounds made in respect of cash balances and excess working capital acquired on completion.  Full Article

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Britain's Mears Group says profit up 13 pct, sees no Brexit impact

March 21 British housing and social care provider, Mears Group, reported a 13 percent increase in full-year profit and said it saw no significant impact from Britain's vote to leave the European Union.