Mitie Share Discussion Threads

[thorpematt] 21/6/2012 17:02

I think the div. was 5.2p (4.4 is the interim) MTO balances these up quite evenly. I reckon MTO is a buy and hold stock. One you buy with confidence when the market dips. the record of un-broken dividend rises is exceptional.



Last Friday the MMs really pulled this down late PM - which gave a non-idicitive close at 263p. I reckon they took out a few stops and snapped up some divis in the process (naughty). I should've picked up some more TBH). Volume was a little higher this week too.

[mazarin] 19/6/2012 22:27

Thanks Sleveen I believe MTO goes Finals Ex-Div tomorrow for 9.6p, so will expect the usual share price adjustment. I probably bought in a bit early this morning as it dropped back in later trades to finish slightly up in anticipation.

[sleveen] 19/6/2012 22:12

mazarin, it's a pretty safe stock, nice divi also.

[mazarin] 19/6/2012 09:32

Acting on a decision based soley on Fundamentals I bought into MTO today (a new and diverse sector for me) in the hope that it may provide a much needed boost to my ISA portfolio. As ever, only time will tell.

[northernlass] 04/6/2012 04:53

26% Order Book Rise to £8.6 billion!

MITIE GROUP HAILS RECORD ORDER BOOK OF £8.6 BILLION

OUTSOURCING and energy giant MITIE Group, which is working with prisons including Durham and Northumberland on plans to run the jails, has hailed its last 12 months as a "transformational" year.

The Bristol-based business, which employs more than 11,500 people across the North, said revenues rose 5.9% to £2,002.5m and operating profit before other items was up by 7.2% to £111.7m in the year to the end of March.

The group also revealed a "record" order book which rose by 26% to £8.6bn and its potential pipeline of bid activity stands at £11.2bn.

Among MITIE's retained contracts in the North is its five to seven-year facilities management (FM) and energy services deal with the Cumbrian Collaboration, which includes Sellafield, the Nuclear Decommissioning Authority, Direct Rail Services, Low Level Waste Repository Limited and International Nuclear Services.

The group is also benefiting from the opportunities in outsourcing created by Government cuts in public sector spending.

It said: "The UK Government's 2011 Parliamentary White Paper on Open Public Services made clear that there remains a strong political will to introduce greater competition and reform into more areas of public services. We remain predominantly focused on the justice, social housing, education and health sectors.

"The Home Office and Ministry of Justice (MoJ) have a five year strategic plan which runs from 2010 to 2015. As part of this, they have savings targets of 25% over four years and have initiated a number of programmes to meet that goal.

"Our own MoJ pipeline stands at some £1bn, with many key contracts due to be decided during 2012. Against a backdrop of full prisons and the rising costs of the justice process, there are specific and extensive outsourcing opportunities in areas such as FM, prisons management, electronic monitoring, community payback and probation trusts. Home Office market opportunities include police services and immigration removal centres."

The group is working with HMP Durham and HMP Northumberland plus a number of other organisations on a bid to run the prisons, plus seven others in the UK.

Source:



Further Reading:



P.S.

Here's a couple of links about SCLP, one of the hottest stocks at the moment:

[northernlass] 04/6/2012 04:51

Numis Upgrades

NUMIS UPGRADES MITIE TO HOLD

Numis upgrades MITIE Group from reduce to hold, with the target price unchanged at 285p

Source:

[thorpematt] 01/5/2012 21:57

Yes have you not heard.

It was my understanding that everyone had heard.

[richscotsman] 01/5/2012 19:55

Boom.... Word must be out...

[thorpematt] 28/4/2012 21:41

I'm here for the fundamentals. I've been looking at those today and as far as that goes MTO is hard to beat on any measure.

Growth is steady but inexorable. Just take a look at the numbers: whether it be EPS, div. T/O, profit, it just keeps going.

and then there's the chart.




For those that haven't spotted it, we closed the week at an all time.

[thorpematt] 26/4/2012 14:34

Tidy order indeed

[alter ego] 26/4/2012 14:08

Lloyds contract news - £155m revenue p.a for 5 years (that's 7.5% of current revenues). Not a flicker of interest so far.
www.investegate.co.uk/article.aspx?id=201204261254341533C&fe=1

[alter ego] 13/3/2012 12:49

www.investegate.co.uk/article.aspx?id=201203131239182594Z&fe=1

sounds promising

[thorpematt] 30/1/2012 07:14

Nice detail in the IMS

Lots to report I guess. Good stuff as always.
A must for any portfolio IMO.

[blueboy6] 20/1/2012 10:03

Closed @ 262.6 + 3.3

[factsonly] 20/1/2012 09:39

They won't be able to recover bid costs as such procurements always state that bid costs are borne entirely by the bidder and would not be paid the buyer.
The action they might take is to challenge the decision in court, but they need a good argument such as it for some reason goes against EU Procurement Regs, or that the council was not transparent enough in letting bidders know what the budget or alternative options were such that they would had bid differently (lower price and solution) or not bid at all. As a taxpayer, I hope Edinburgh have a solid case in their decision and can achieve greater long term savings/benefits than MITIE's solution.

[melody9999] 19/1/2012 21:06

Yes you are right Sleveen - especially as they made an announcement about being the preferred bidder status just 6 days before - which I am sure they must have cleared through the council.

[sleveen] 19/1/2012 17:08

I can't beleive they've let companies spend a fortune on bid costs then voted against it.

I bet Ruby's on the phone to the lawyers wondering if costs can be recovered.

[factsonly] 19/1/2012 16:54

Their local MPs and unions will be furious as it could mean job losses, whereas MITIE's plans might have increased jobs it seems. What this also means is that suppliers will be less willing to bid for any "opportunities" that are presented by Edinburgh council.

[essentialinvestor] 19/1/2012 16:50

Wonder what happened?.

[factsonly] 19/1/2012 16:49

£170m over 7 years


Sounds a bit dubious. If the contract is generates less savings than their alternative options, then they should not have recommended a preferred bidder and simply abandoned/halted the competition earlier.