Mitie Share Discussion Threads

[essentialinvestor] 18/1/2017 07:27

Social care not residential care, very different.

The price paid for that acquisition was la la land, on the day it was originally
announced I posted on here using that same phrase.

[sleveen] 18/1/2017 07:16

Oh dear.

As I said at the time, going into residential health care was a big mistake.

[rock star] 18/1/2017 07:10

Doesn't look good.

[pvb] 06/1/2017 18:55

Silchester International Investors LLP

Above 13%



Um...

[essentialinvestor] 03/1/2017 13:36

You read my mind as was just about to post the same. and I can't answer either.

[robinskardon] 03/1/2017 13:29

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?

[pvb] 23/12/2016 22:07

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.

[boricom] 15/12/2016 21:54

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.

[pvb] 12/12/2016 22:24

Chief Executive Officer actually steps down today - announced on 10 October:

[pvb] 12/12/2016 16:03

Social Care?

[dr_smith] 12/12/2016 15:46

Sorry romi2nikki1 - don't follow?

[romi2nikki1] 12/12/2016 15:04

Dr Smith, prob moro hypothecated money from Council Tax

[dr_smith] 12/12/2016 09:25

Booinggg!!!!!!!!
Up 4.89% on a wet Monday morn..
Can't see any news..presumably normalising a touch after the post results dive.

[essentialinvestor] 25/11/2016 13:59

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.

[pvb] 25/11/2016 13:35

healthcare an interesting place with the new US president.

Can you explain please.

[srpactive] 24/11/2016 10:05

Not invested here before, but doing a little research, healthcare
an interesting place with the new US president.

dyor

regards

active

[bones] 23/11/2016 07:52

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.

[bones] 22/11/2016 19:55

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).

[essentialinvestor] 22/11/2016 12:23

Bones, more impressive was your Short timing, rather special on that trade,
many congrats.

[bones] 22/11/2016 07:59

Impressive signal by the fella! I'll stay on the sidelines though and keep watch....

[alchemy30] 22/11/2016 07:27

Big director Buy

[bones] 21/11/2016 23:18

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.

[grabster] 21/11/2016 14:12

Good call on that short, Bones. Well played.

[essentialinvestor] 21/11/2016 14:05

Well I was surprised it was trading above £2 and still this price looks generous,
just IMV.

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.