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Mitie Share Discussion Threads
Showing 851 to 873 of 875 messages
Silchester International Investors LLP
|You read my mind as was just about to post the same. and I can't answer either.|
|Can anyone explain why this share keeps rising? No growth forecast, according to Stockopedia broker concensus share price forecast is 186p, I can't see how it will make the forecast net profit of £63.8m given the H1 results. Massive net debt of £262m and a new CEO who will no doubt do a "kitchen sink" job on the figures at the first opportunity. Knock out the goodwill/intangibles from the assets and we have substantial negative equity. What am I missing here?|
|Norges Bank see to have dis-invested today. - Forget that, I can't really make much sense of the RNS.
Reported below 3% holding, but appear to hold more shares than they did... ??
Oh! Shares on loan or somesuch.|
|OMG what has been going on here. Am I mistaken or are the fundamentals of this reasonably sound? Is there something more worrying other than a short term accumulation of bad news on some contracts.|
|Chief Executive Officer actually steps down today - announced on 10 October:
|Sorry romi2nikki1 - don't follow?|
|Dr Smith, prob moro hypothecated money from Council Tax|
Up 4.89% on a wet Monday morn..
Can't see any news..presumably normalising a touch after the post results dive.|
|Not being rude but ignore that comment.
MITIE was never involved in healthcare, it is social care.
And they are exiting that business as per the recent statement.|
|healthcare an interesting place with the new US president.
Can you explain please.|
|Not invested here before, but doing a little research, healthcare
an interesting place with the new US president.
|Off topic: ouch! MTO short profit wiped out. Got BRAM short wrong as they got an offer announced today.Good job these are not big spread bets :)I think what's happening is that overseas predators are picking up sterling denominated companies at the favourable exchange rate. A lot of offers are happening lately.|
|Thanks EI. To be fair, I was guided by my recent observation when BRAM warned (badly) recently. The MMs marked it down viciously first thing but then the punters came in for the "cheap" prices and it came back strongly intra-day (not logically IMO)So I looked at the pre open prices on MTO yesterday and as soon as it opened at 8.05am I watched level 2 like a hawk. The price was sold down to 165 and then started coming back so as soon as it hit 168 I hit the close button and closed at 169.9 on my spreadbet.I did not expect it to recover so strongly but it seems we are in a strong bull phase market-wise and all boats are rising with the tide!Incidentally I am short of said BRAM as one read of the recent warning has me questioning the logic of its current price! They are updating on 6/12 I think so I guess I'll know if I am right then (sorry for the off-topic there although the principle is what I am getting at).Intriguing director buy by the new MTO CEO. His CV suggests he is loaded, so maybe he is trying to keep the price up. I still think MTO has big problems and could warn again in the spring (IMO).|
|Bones, more impressive was your Short timing, rather special on that trade,
|Impressive signal by the fella! I'll stay on the sidelines though and keep watch....|
|Big director Buy|
|Cheers Grabster!I'll keep this on watch but if it heads above £2 again, I might re-short. I don't understand the market's view right now.|
|Good call on that short, Bones. Well played.|
|Well I was surprised it was trading above £2 and still this price looks generous,
Perhaps people looking at the yield attractions and like CPI, MTO for a very
long time made early investors huge returns.
Remember both companies from the 90's.|
|I notice the dividend has not been reduced by much. Now only covered by 1.6 x.
Is it sensible to pay cash out in dividends when the business is sucking at air?|
|All as I said in post 302 March last year.
Ruby has shown herself to be looking after Ruby not Mitie.
Another huge write off under her stewardship and more to come.On top of the Engineering debacle which was made worse by the way they ran it down.Shame they did not take away all the money made by the directors from their share options in these business before they got bought out for ridiculous sums by Mitie. Agreed by the board members who had shares in them!
Sill their silence was bought by there family members taking part in the same scam in other Mitie business'
Hope the baroness has her title removed.
Absolute disaster and has left the new guy with not a lot of options.Or rather a fistful of them in Mitie shares!As per the usual .
The share buy back scheme looks now what it always was ....a share prop up scheme.