|Bid||249.00 x 128000|
|Ask||251.00 x 114200|
|Day's Range||238.00 - 255.00|
|52 Week Range||220.00 - 400.00|
|Beta (3Y Monthly)||-0.40|
|PE Ratio (TTM)||10.96|
|Forward Dividend & Yield||0.18 (7.17%)|
|1y Target Est||418.40|
(Reuters) - Britain's Mears Group said on Friday its largest shareholder has called on the company to add two of its nominees as non-executive board members, and has put up the proposals for vote at the ...
Revenue for 2018 was hit by subdued demand for housing and social care services, businesses that Mears has focussed on while moving away from its roots in contracting. Mears said it would reallocate capital to areas that deliver financial returns or use it to cut debt, after reporting its average net debt for the year was 113.2 million pounds, missing a target it had set of 110 million pounds. Shares in Mears, which fell more than 20 percent in 2018, were 8.6 percent lower at 265 pence at 1043 GMT.
Valued at 1.9 billion pounds for Serco and 1 billion pounds for Mears, the 10-year contracts were awarded by Britain's Home Office Visas and Immigration department under the Asylum Accommodation and Support Services Contract (AASC). Shares in Serco were up 6.5 percent at 108.8 pence at 1253 GMT on Tuesday, while Mears rose 6.2 percent to 360 pence on news of the new contracts, which sources told Reuters last month had attracted few private sector bids.
(Reuters) - Mears Group (MERG.L) named a new chairman on Wednesday, days after a top investor threatened to call a fresh shareholder vote if the British social housing provider failed to replace current ...
Activist investor Shareholder Value Management has called on Mears Group (MERG.L) to move swiftly to appoint a new chairman or it will call a fresh extraordinary general meeting, a letter to the company seen by Reuters showed. The move is the latest in a long-running attempt by the German-based fund, Mears Group's third-biggest investor, to push through a board change at the social housing maintenance and repair services provider. SVM then called an EGM to try and get its candidate, Andy Hogarth, elected to the board.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
Britain's Mears Group (MERG.L) on Tuesday said it would now consider activist investor Shareholder Value Management's (SVM) preferred candidate to replace Chairman Bob Holt, after previously rejecting its plans. The social housing maintenance and repair services provider said a new chairman would be appointed before the end of October and SVM candidate Andew Hogarth will be considered "alongside other candidates". As a result of the agreement between Mears and SVM, the activist had withdrawn a request for the company to hold a general meeting to vote on the issue.
A fund advised by Shareholder Value Management AG (“SVM”), holding 8.93% of Mears Group Plc’s (“the Company”) issued share capital, has highlighted its disapproval of the Company’s board over its lack of transparency after it rejected SVM’s proposal to allow shareholders to vote on its next chairman. Mears Group announced this morning that it has rejected SVM’s further resolution to provide shareholders with the opportunity to vote on the Company’s next chairman at its upcoming General Meeting (GM). SVM called for a GM last week to request the removal of the Group’s chairman, Bob Holt, and the appointment of a new, independent non-executive director (NED), Andy Hogarth.
Mears said last week that Chairman Bob Holt would not stand for re-election at the company's 2019 annual general meeting after SVM called for his removal, citing underperformance by the company. "Board appointments are not a matter for a single shareholder ... the resolution will not be put to the company's shareholders at the general meeting," Mears said in a statement.
(Reuters) - Shareholder Value Management (SVM) has called for a shareholder vote to appoint Andy Hogarth as chairman of Mears Group, a fund advised by Frankfurt-based SVM said on Tuesday. Activist investor ...
Mears Group said chairman Bob Holt would not stand for re-election at the company's 2019 annual general meeting, two days after a shareholder called for his removal. The social housing and care company said it had received a notice to requisition a general meeting, with proposals to remove Holt from its board and appoint an alternative candidate as non-executive director. "We are determined that all Board appointments should follow a proper due process and not be imposed on us by a single shareholder," chief executive David Miles said in a statement.
A fund advised by Shareholder Value Management AG, holding 8.93 per cent of Mears Group PLC’s issued share capital, has today requisitioned a general meeting of the