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Mitie Share Discussion Threads
Showing 901 to 924 of 925 messages
|Anyone thought about the impact of the DB scheme here? Gilt yields very low, employer covenant deteriorating» big hike in ongoing deficit and deficit repair contributions possibly.|
|I guess they will be mulling over the year end numbers and starting to have conversations with the auditors soon. New management need to make sure they have completely cleaned up and put it all through these accounts. Will be interesting.|
|Is it really possible all the issues have been found and provided for? Or still some horrors in the balance sheet?? The ohio teachers seem to think so!|
|I have shorted this twice now since the big fall in share price and got out with just a small profit each time. I will have another try as soon as the share price turns down again and hopefully it will go through the resistance at about 190 this time and head towards my 150 target. Like everyone else here I can't understand what is keeping the price up!|
|spoole5 couldn't agree with you more this share is shouting to short on.
Bagpuss67 I can see what you mean regarding vested interest in senior management's invested equity through their shareholdings but it just all smells a bit fishy to me.
I think this is either a major short sell opportunity or something big is on the cards in its operations or ownership of the company.
Just my opinion.|
|The have always been a lot of vested interests in keeping the share price up. Look up what the initials MITIE actually stands for. Many executives in the business have substantial shareholdings. Maybe in some way that has something to do with it. It would be surprising if all the potential horrors in the balance sheet have been fully routed out though..|
|They aren't much lower than after the first profit warning, the company is in a mess and the sector they operate in faces massive challenges. Brilliant shorting opportunity here.|
|I would really like to know more about what is happening with MTO. It appears more and more that there is something missing/not being told.
How is the share price still above it's current valuation with "sell" ratings flying in every where. On top of that a huge consortium of hedge funds bet against the share falling: hxxp://www.thetimes.co.uk/article/hedge-funds-bet-on-new-collapse-in-mitie-share-price-mz6q07hp2
This just doesn't add up, Bagpuss67 I agree it defies gravity!|
|This defies gravity. Hedge funds are 15% short.|
|It is in the RNS,but i would agree, 80,000 health visits a week ALL losing money!
You are kidding me.
This lot should not have been in charge of anything.Looks like a write off of £150m
They are totally barmy!
The one good thing i suppose is they have drawn aline under it.And got it off the books.The unfortunate thing is they bought it and could not manage it.
With out a doubt the managers they have could have probably done so but they have them operating small divisions.While they lined their pockets in HO not knowing what to do.Not really up to the job of managing the business.
What a mess
Still don't know how the shareprice is so high.|
|Who bought the healthcare business? If they can figure it out (with cash chucked at them) why couldn't Mitie?|
|Who is buying this? After the January profit warning I can't see it being worth more than 150p per share. Is there a takeover on the cards? Does anyone have any ideas?|
|It appears to be a method to acquire voting and then real interest in shares whilst the only disclosure is made by the facilitating bank. Not sure whether to expect any further disclosure in the FCA short position register. Any one else got proper understanding of this?|
|Can anyone help me with making sense of the JP Morgan holding RNS today please. Not something I have come across before. Thanks in anticipation!|
|Not sure they can afford to prop it up with share buy backs anymore.|
|This is crazy. The share price is almost back to where it was before yesterday's profit warning. Was the market expecting something even worse than the update?|
|Bones, yes and MTO is a reminder of why I do not go short individual stocks,
find timing the short side more difficult.|
|Agreed Bagpuss. It seems a lot of investors are putting an awful lot of faith in the ability of the new CEO to perform some sort of magic!|
|Astonishing. That this has barely moved down on such a grim update. They must be struggling to keep all the plates spinning though. Still think this will at some point suffer a further major crash in share price.|
|The big risk in going short on these potential basket cases is an opportunistic bid emerging from foreign parts using cheap sterling. Whether MTO holds anything of interest is debatable but this happened to BRAM which, while a different area of business, looked a spent force financially yet shorts got singed.|
|Goodness was it 10 years ago!. The years fly by now unfortunately.|
|fidra, the MTO founder died a few years ago, long since retired from the business-
and for a couple of decades or more their model worked beautifully, enriching
both management and shareholders
What happened imv is as the Company expanded that never ending growth cycle
became increasingly difficult to maintain, leading to arguably lower quality
decisions and highly priced acquisitions.
It bears some similarities to Rentokil about 16 years ago,
where the then CEO was known as Mr 20%, a reference to their annual EPS
RTO survived following divestments etc and is highly profitable,
not sure how this will end for MTO.|
|Like EssentialInvestor I am also amazed at the current price given today's TU.From my point of view I see this as below 150p and as someone else posted earlier MTO could even go bust if the debt grows too much. Just my view!|
|Essentialinvestor whats your view on the now departed management,and the strategy they adopted?|