Mitie Share Discussion Threads

[pundit1] 04/12/2024 10:17

Little bounce. Looks like my thoughts correct.

[sleveen] 22/11/2024 15:42

PFI contracts = NHS = taxpayer funded. No risk.

Majority of wages cost increases are rolled into the contract.

Nice bounce today from yesterday's over reaction.

[pundit1] 21/11/2024 15:54

Look at Nett Profit and risk not TO. Costs increasing include NI and many others. Many years long contracts, including PFI contracts with their own set of risks and payment terms, with many contracts requiring huge numbers of minimum wage paid colleagues, periodically uplifted by RPI or other such mechanisms. Hope the H1 results brings a quick return to 117 and above as before the budget.

[sleveen] 21/11/2024 13:26

120p.

I thought the H1 weren't too bad. 30% increase in dividend.

[sleveen] 18/11/2024 11:52

Bought back in today.

[philbentley] 08/11/2024 22:38

They paid 20mln for 2 people to sit at home and suddenly there is the problem to pay same amount for 60k people to get doctors appointments. Maybe people will feel sorry when caught cold. It is very isolated meritocracy version.

[pundit1] 08/11/2024 21:41

Guess 117 was a good point to bale out and take the money, as the CEO did. Could it get worse with the budget penalising those employing people to do real work? NI up, minimum wage up, HR risks up, vehicle costs up, energy costs up, indeed everything going up. Businesses will need to cut back, do more with less (people), increase efficiency, and keep doing so until there’s no more capacity to squeeze. In the future will it make good investor and business sense to invest in businesses that employ people to do work or will there just be too many risks for the possible reward. Good days gone perhaps? Good luck to all.

[eigthwonder] 08/11/2024 16:37

Bitten by Employers' NI I suspect.

[roks] 08/11/2024 16:22

Wtf happened to this

[eigthwonder] 08/11/2024 10:41

Second part of Serco statement highlights the pressures in this sort of business. It will all depend on wording of contracts and how much can be passed through to the end customer.

[farnesbarnes] 08/11/2024 10:19

Bailed today. Results upcoming and historically has never reacted well. Chart is looking toppy. Good luck to all holders.

[pundit1] 28/10/2024 18:22

Is 1.17 a good time to sell like CEO? Pressure to come with minimum wage increase, NI increase, fuel duty, pay per mile, energy costs increasing etc. Those employing people to do work with large vehicle fleet may well get impacted more than other businesses. Just saying as 1.17 was attractive point for some.

[johndoe23] 10/10/2024 18:36

Should be update this week

[farnesbarnes] 20/9/2024 19:42

MTO is a proper Darvas box stock. Beta is pretty poor, but I see no reason to be selling down yet. A break of 115 might be the catalyst.

[w13ken] 20/9/2024 18:13

I sold soon after my July message on the high CEO salary. The stock has been trending sideways since April.

[pundit1] 20/9/2024 14:47

Another buyback of 500000 shares to enhance shareholder value.

[w13ken] 20/7/2024 09:27

Thanks for highlighting that salary, Phil Bentley - wait a minute... 😂

From Simply Wall Street:
Compensation vs Market: Phil's total compensation ($USD19.01M) is above average for companies of similar size in the UK market ($USD2.17M).

[philbentley] 19/7/2024 22:53

They failed to build a reputable business without buybacks. The stock price would be much lower without these buybacks. Buybacks are often seen as a way for struggling companies to artificially inflate their stock prices. What they excel at is creating social problems. A $15 million pay package is like a 1:500 ratio, which is criminal given the nature of the business and the current circumstances. This is not a sustainable business model. Essential workers during COVID-19 had to go on strike to receive the pay they were promised. Patients didn't receive treatments because some wealthy individuals refused to fulfill their financial obligations while spending $9.6 million to isolate themselves comfortably at home during the pandemic. These actions are unjust and will not help the stock price.

[farnesbarnes] 12/7/2024 11:32

Melt up continues

[eph3xis] 08/7/2024 20:58

MD for Energy has also left recently to join Honeywell according to Linkedin. Given they're after net zero for 2025, timing seems strange? Are they missing a target, which they have actively promoted to their customers as a selling point?

[pundit1] 04/7/2024 18:03

CFO sells significant shares. Summit reached? Board director leaves now gardening. Something brewing or just my tea.

[philbentley] 25/6/2024 02:20

They made Cazoo flat. Experts. Now insiders start to sell.

[pundit1] 13/6/2024 11:14

Why the Board changes and the MD and FD of Defence and Central Government gone to enjoy gardening? Did I miss an announcement or is just my tea that’s brewing.

[johndoe23] 06/6/2024 08:20

And the share price drops..