Mitie Share Discussion Threads

[thorpematt] 28/10/2012 20:37

Anecdotely it would appear so yes.

The conversations I've had inicate that there are greater control methods in place for Mitie versus most others.

You can never completely legislate for theft from within and fuel is just one of those items at risk.

I believe Mitie utilise Masternaut as vehicle tracking system, which is I can first hand advise as one of the best system out there. Tracking nowadays is very sophisticated and depending on what you select as necessary to your business can add a myriad of options for monitoring your fleet and staff, including driving style, fuel economy etc.

MTO has 61,000 employees (from memory). The last one I spoke to was cheesed at having to get autorisation from his office for things being purchesed at the wholesalers (his old company didn't bother). The one before that knew the CEOs name (he'd met her on one of her on-spec site visits).

You can't keep an eye on all your employees all the time but from my perspective I'm happy with what I see.

jones5 - I'd just phone the local office and ask to speak to someone in charge.

[hazelton] 28/10/2012 17:10

That is disturbing. Do they keep an eye on this sort of thing in the MIS ?

[jones5] 28/10/2012 13:47

Could Mitie have a hitherto unnoticed hazard? Independance for operators is OK within reason, but
1) I have a Mitie neighbour who parks his huge van in my estate, regardless of covenants, and
2) Pours petrol from a can from inside it into his private car every Sunday.

As a shareholder of five years standing this troubles me. Is this practice rife?

[melody9999] 19/10/2012 19:15

Nice RNS today. Have to say that allowing senior employees a share in the business is bound to lead to outperformance. This is a long term hold for me and I have the highest respect for the way this business is run.

[alter ego] 09/10/2012 13:17

That's not surprising given the pay rates often offered. If Mitie intend to provide proper training and high standards of care it follows that minimum wage is a no no.

[essentialinvestor] 09/10/2012 12:59

Recruitment and retention of carers is the main issue in that sector.

[alter ego] 09/10/2012 12:57

Precisely. No investment in premises and associated costs or worries about occupancy rates. Just staff that are well trained/motivated (properly paid) and good management. Not easy but definitely do-able. As folk get older and less able to cope with everyday tasks, paying for someone to provide a couple of hours a day is infinitely more affordable and preferable to selling up and moving into residential care.

At the extreme, having a live in carer is often far more beneficial than being institutionalised.

This acquisition presages a push into a new area for MTO and it's not without risk but so long as they manage the quality side and achieve sensible rates of remuneration it could be a good strategic move, IMO

[essentialinvestor] 09/10/2012 12:24

For a starters Matt, it's Home Care, not residential.

[thorpematt] 09/10/2012 12:13

Wherever I see "struggles for public sector", I read across "opportunities for private sector".

Done properly there is huge potential in residential care and (again done properly) significant ecomies in scale.

I have a number of private sector clients in this area ho do very nicely...as for the public sector ones, well they just struggle.

That said I'm no expert on the PLCs - anyone?

[alter ego] 09/10/2012 09:41

Agreed but there is a market for good quality care at home. Residential care is hugely expensive and a last resort for many who have to sell their homes to pay for it and standards are often disappointing or far worse.

Remaining at home with help when needed, eg meals or washing/dressing can stave off full time care for many years and many will pay good money for good care on this basis.

To me the key is quality. There are many cheap services out there but Enara seem to be pitched higher and if anyone can keep standards up it's Mitie.

[sleveen] 09/10/2012 08:55

I have my doubt's about today's acquisition. I think times are going to get tougher for the NHS and social services in particular.

[thorpematt] 05/10/2012 15:27

Indeed,

Thing is it's gonna close the week at an all time high.

Growth is strong but the PE still modest. You might imagine some resistance at 300p but personaly I think the fact thatit went through the previous high is more significant.

[melody9999] 02/10/2012 19:32

Nudging up nicely. Quality company.

[sleveen] 15/9/2012 08:14

Have the recent woes of MCHL and MAYG weakened confidence in MTO? Though IMHO MTO are head and shoulders above those 2 companies in the quality stakes. GLA.

[sleveen] 13/8/2012 09:59

probably profit taking from the recent run up from the previous low of 255-260p

[hyden] 13/8/2012 09:32

Agreed. Quite comforting I thought so I am a little surprised by the drop at open.

[sleveen] 13/8/2012 09:07

steady as she goes IMS today.

[thorpematt] 26/7/2012 00:31

I thought CPIs results were encouraging today. Particularly the comments on the marketplace. I sense a re-rating for the sector may follow...

[alter ego] 28/6/2012 14:16

What fall in EPS? I don't have access to Sharescope numbers but here's what Prelims actually said:


Earnings per share
Basic EPS before other items was unchanged compared to the prior year at 22.6p per share (2011: 22.6p per share) whilst basic EPS was 20.5p per share (2011: 18.6p per share), an increase of 10.2%. This latter measure showed higher growth due to the absence of material restructuring or acquisition related items during the year.

www.investegate.co.uk/Article.aspx?id=201205210700327062D

[essentialinvestor] 28/6/2012 14:06

Did the directors keep any of the options they recently excerised,
or did they sell them all?.

[markrogers88] 28/6/2012 13:53

MTO taken quite a beating recently.

According to ShareScope first fall in EPS since their records begin in the early 1990s. I still think this is a superb business operating an a consistently strong ROE with a great track record, at fair price to it's average P/E. Debt is acceptable. Yield considering Divi record is good. In a simple way, I like the company and I like their shares. Currently averaging into a modest long term position while short-term pessimism is strong, I'd like to think it will one day form a fair portion of my pension pot along with GRG, TSCO and a few others. Best of luck to all involved.

[essentialinvestor] 22/6/2012 10:48

Wider equity market may be about to turn down again folks, dont get too carried away.