Small Cap Catch-Up: Mears Group and H&T Group
Starting this week with reviews of a couple of Trading Updates issued last Thursday – both pointing clearly as Buy signals.
Mears Group (LON:MER) – Moving Firmly Ahead
Last Thursday morning, 9th January, this UK housing solutions provider issued a Business Update covering the year to end-December 2024.
Its Trading Update on Friday 1st November highlighted that trading had remained strong in the period since its Interim Results.
Operating margins in the core housing activities continued to strengthen, and volumes in management-led activities had reduced at a slower rate than previously anticipated.
The company reported that since that time, those trends have continued, and the Board now expects results to be marginally ahead of current market expectations for FY24 and is increasingly confident of delivering against market expectations for FY25.
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