Mitie Share Discussion Threads

[nivison] 31/3/2015 12:48

I listened to a report on Moneybox live on Radio 4 last week interviewing carers employed by a Mitie company in South Wales. Didn't sound good at all and I sold out as a result. Allegedly carers were very poorly paid and only given 5 mins to get from one appointment to the next in a rural part of south Wales where journeys could be as long as 16 miles. You'd need a Tardis not a car to make that schedule and such penny pinching smacks of a company that finds itself with underpriced contracts trying to make ends meet, that or poor management. Either way I was not impressed. I fear chickens may be coming home to roost here.

[fidra] 31/3/2015 11:13

todays announcement is probably more due to underpricing.I would not be surprised to see more of the ridiculous right offs they did with the engineering concern coming again.
That was an exit badly managed by senior management,costing wy more than forecast an necessary.
There are some good performing small business in here being constrained by large charges from head office.
In one case 150k pa for technology which gave out a few blackberrys and a computer some years ago.Where did all the money go?

That is not an answer you will hear in a hurry from the senior management.
The salary are huge for the performance of some of the people in the head office.

The accountant brought in from a low salary to a huge salary and many many options.Unfortunately she is just a lacky for the MD,who rewards her .
Some real independent thinking needs to go on and it is stiffled.
It needs an axe taken to it.

Mr Telling senior will be turning in his grave.

more trouble to come methinks.

All my opinion

[finess] 15/2/2015 19:16

Someone building a stake, this sector is seen as an area that could do well in 2015.

[finess] 15/2/2015 19:16

Someone building a stake, this sector is seen as an area that could do well in 2015.

[finess] 15/2/2015 19:16

Someone building a stake, this sector is seen as an area that could do well in 2015.

[bagpuss67] 12/2/2015 23:15

Management incentive...

[melody9999] 12/2/2015 22:54

Maybe a few shorters singed today then. I am a long term holder.... so being paid a nice dividend which sustains through periods of price weakness.

[bagpuss67] 12/2/2015 19:48

Hmmmmm. Oh well can't win them all. Guess the fears over the balance sheet hiding a few nasties were all over played. Well done holders.

[finess] 12/2/2015 18:54

Something sneaky is going on.

[finess] 05/2/2015 16:05

Some consistent buying, I have a feeling that this services sector will do well in 2015. This is my outside, maybe, will it or won't it share.

[bagpuss67] 13/1/2015 22:56

Nice. Just where I've been at. Target 2 quid.

[effortless cool] 13/1/2015 12:53

Interesting write up here:

[thorpematt] 10/1/2015 12:11

Downtrend continues here not much support till 250 ish really.

I think the election is looking increasingly bad for the Tories and that will weigh on out-sourcers. Of course things are complex and out-sourcing is not all about public sector. Nor is it now possible to simply expand public sector employment so as to diminish that which has been sent out to private companies.

The UK has a huge shortage of experience and skill in the sector between "unskilled" and "middle managemnet", such has been the focus in sending all our young people to university during that last 10-15 years. Many of the truly knowledgeable, valuable and experienced folk within the private sector have either left (never to return) or retired.

As far as the education system that attempts to feed vocational workers into the system goes. I have nothing positive to say. The must constructive thing I can say is that it simply isn't working and thus will no doubt be re-vamped (yet again).

So where does this leave MTO and its sector piers. Well in particular this week's story (ignoring France that is), has been the NHS emergency service....actually no that's not the story. The story is in fact WHY A&E is so under-pressure and personally I see the reasons for that as being weaknesses elsewhere in the health and care system. A&E has simply become somewhere people go when they can't get assistance elsewhere.

Cameron himself talked this week about home care and expanding resources in this area to enable pressure to be taken off A&E. MTO are one of the few to be positioned well for the change that has evolved in our country and continues to manifest in the issues raised above. I expect it to benefit mid-term as a result.

Long-term chart is the most useful I fond for MTO


free stock charts from uk.advfn.com

[dr9980] 03/12/2014 11:44

Ruby Tuesday... MTO

[alter ego] 26/11/2014 13:11

interesting acquisition and nice long earn out to retain sellers focus.

[kickingking] 25/3/2014 10:22

Since hitting 344p, this share has hit the buffers. Downhill for three week now.

[thorpematt] 14/2/2014 20:55

Interesting rebranding I note.

Videos are on the website.

That home office contract augers well IMO for future prison contracts too.
Biggest in the sector now.

[alter ego] 14/2/2014 13:53

was working off a list of events in the IC - obviously not accurate.

[melody9999] 14/2/2014 13:28

Judging by the price action today, looks like it will be a good one then AE.

Though we only had an IMS 11 days ago ????

[alter ego] 31/1/2014 13:38

Trading update and dividend payment due on Monday I believe.

[melody9999] 17/1/2014 00:05

Good point TM - there was a lot of nervousness over the previous h/care acquistion.

[thorpematt] 15/1/2014 23:24

This time the market likes the health care acquisition.

Similar to MTO leadership team has strong representation of Ladies at the top. Look to be doing a nice job. Some great testimonials from clients.

It looks well priced but perhaps more importantly it is complimentary to the existing, previous acquisition.

Perhaps MOST importantly from the market's perspective that is), it makes a statement which insinuates that MTO have confirmed this is indeed going to be a profitable and growing sector.

[melody9999] 27/12/2013 16:38

now poised for new highs.

[melody9999] 18/12/2013 08:06

ex 4.9p divi today