Mears Group plc

MER

GB0005630420

Business Support Services

Market Closed - London S.E. Other stock markets 11:35:09 2024-04-29 am EDT			5-day change	1st Jan Change
359 ^GBX	+1.13%		+0.14%	+15.81%

Apr. 19	Mears Group completes GBP20 million share buyback	AN
Apr. 11	Mears Group ups dividend after cracking the GBP1 billion revenue mark	AN

Mears Group ups dividend on higher profit

April 11, 2024 at 04:12 am EDT

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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SMALL-CAP - WINNERS

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XPS Pensions Group PLC, up 7.9% at 252.40 pence, 12-month range 151.50p-253.37p. Shares in the pensions consulting and administration services provider rise. RBC raises the company's stock to 270p from 255p. Reiterates 'outperform' rating.

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Mears Group PLC, up 1.8% at 367.40p, 12-month range 195.40p-375.00p. The housing and social care provider reports results for 2023. Revenue climbs 14% to GBP1.09 billion from GBP959.6 million a year earlier. Pretax profit jumps 34% to GBP46.9 million from GBP34.9 million. On the back of the results, Mears ups dividend by 24% to 13.00p from 10.50p. Chief Executive Lucas Critchley says: "The board believe that the group is well-positioned for the future and is pleased that the strong trading momentum built in 2023 has continued into 2024."

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SMALL-CAP - LOSERS

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Kenmare Resources PLC, down 5.6% at 339.28p, 12-month range 291.00p-500.00p. The producer of titanium minerals and zircon falls. Berenberg cuts its price target to 430p from 440p. Keeps rating at 'hold'.

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Liontrust Asset Management PLC, down 1.9% at 678.12p, 12-month range 519.00p-1,019.00p. Shares in the asset management fall slightly. Barclays cuts Liontrust Asset to 'equal weight' from 'over weight'.

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
LIONTRUST ASSET MANAGEMENT PLC	684 GBX	+2.24%	0.00%	532M
MEARS GROUP PLC	359 GBX	+1.13%	+0.14%	416M
KENMARE RESOURCES PLC	332 GBX	-0.30%	-0.60%	370M
XPS PENSIONS GROUP PLC	259 GBX	+1.57%	+3.60%	654M
BARCLAYS PLC	203.6 GBX	-0.34%	+7.65%	38.15B

Latest news about Mears Group plc

Mears Group completes GBP20 million share buyback	Apr. 19	AN
Mears Group ups dividend after cracking the GBP1 billion revenue mark	Apr. 11	AN
Mears Group ups dividend on higher profit	Apr. 11	AN
Mears Group plc Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 11	CI
Mears Group plc Recommends Final Dividend for the Year Ended 31 December 2023, Payable on 16 July 2024	Apr. 11	CI
Synectics shares rise as appoints Bob Holt as chair	Apr. 09	AN
FTSE 100 Ends Tuesday Down on U.S. Weakness, Interest Rate Uncertainty	Feb. 20	DJ
Mears approve further GBP20 million share buyback programme	Feb. 20	AN
Mears Group plc commences an Equity Buyback Plan for 10,156,470 shares, representing 10% of its issued share capital, under the authorization approved on February 12, 2024.	Feb. 20	CI
Mears Group plc's Equity Buyback announced on October 3, 2023, has expired.	Feb. 11	CI
FTSE 100 Closed Down 1% as Banking Sector Lags Market	Jan. 11	DJ
Stocks lower on hotter-than-expected US inflation	Jan. 11	AN
Mears shares rise as set to exceed market forecasts for 2023 and 2024	Jan. 11	AN
Mears to outperform market expectations	Jan. 11	AN
Mears Group CEO Steps Down	Jan. 02	MT
Mears Group completes buyback of 4.9 million shares	Dec. 22	AN
Britain's Mears Group Finalizes Share Buyback	Dec. 22	MT
Mears names chief executive officer, effective from new year	Dec. 14	AN
Mears Group's New CEO to Take Office in January 2024	Dec. 14	MT
Mears Group plc Announces CEO Changes	Dec. 14	CI
Mears Group plc Announces Directorate Changes	Dec. 14	CI
System1 revenue jumps; Volex takes cyber hack charge	23-10-24	AN
Mears Group share premium account cancellation all but done	23-10-10	AN
Mears Group launches additional GBP15 million share buyback	23-10-03	AN
Mears Group plc commences an Equity Buyback Plan for 11,103,647 shares, representing 10.08% of its issued share capital, under the authorization approved on June 23, 2023.	23-10-03	CI

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Company Profile

Mears Group PLC is a United Kingdom-based provider of housing solutions for both the public and private sectors. The Company operates through three segments: Maintenance, Management, and Development. The Company offers a range of services, including Housing Maintenance, Housing with Care, Housing Management, House Building, Planned maintenance, Capital Works and Facilities Management. Housing maintenance includes repairs, refurbishment, fire safety and building maintenance services. Housing with Care services provides a range of schemes, including small buildings with a few properties and large sites. Housing Management service is specialized in community housing management services, including looking after tenancy, lease management and property maintenance. Planned maintenance includes jobs, such as installing central heating, fitting double glazing, kitchen and bathroom improvements, re-wiring, re-roofing, annual boiler and heating servicing.

Sector

Business Support Services

Calendar

2024-06-12 - Annual General Meeting

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