Mitie Share Discussion Threads

[rumobejo] 11/5/2020 16:13

some action today, hoping for break out of 80p this week, it will take it back to 110-120p

[kickingking] 11/5/2020 12:09

Yes you are right, it was such a long time ago. I got TUPE to them from Kier in 2013 and after buying shares at about 240p and sold at 330p. I could see the way the contract was being run that there be trouble ahead. In 2019 Hammersmith made a massive mistake by awarding part of Mites old contract to a firm of cowboys called Chig... (Con) struction. Like Forrest Gump said I will leave it there.

[rumobejo] 11/5/2020 11:22

kicking-king, are you sure you sold them at 430p? the highest it has been around 340p!

meijiman, the question you need to ask is, does the drop from 140p to 70p is justified with covid-19 given the company provides essential services to gov? in my view it is not justified and here is the opportunity

talk about whoever run this company is less relevant to the covid-19 situation, so take this opportunity now or not, but for a company like Mitie with a valuation at all time low as it is now makes it a bargain, so take it or leave it!

[fidra] 04/5/2020 14:56

agreeboth with those laat two posts.This will take a while to come back .

[kickingking] 04/5/2020 12:51

I guess no one is interested in this company. I last left I comment about 18 months ago. The government is going to be stretched for money for years to come and companies heavily dependent will get more squeezed. Most contracts are hardly making a profit. They sold off their social housing business to Mears as they could not get that to work. Did not help that Hammersmith terminated contract early after finding that they were being charged for works that were either not done or overcharged. I can say alot more but I will leave there. I recond it will be a long wait to get back to 140p. I sold my last holdings a few years ago at about £4.30.

[rumobejo] 04/5/2020 11:42

very light on volume, any buying pressure would take it up quickly.

company provides critical services for gov and hasn't impacted much by covid as business goes as usual, so a drop for 140p is unjustified.

break out at 90p should see it back to 120p-140p afterwards

let's see 80p first

[rumobejo] 04/5/2020 08:39

early shake in the morning, then recover well by the afternoon, that's seems to be the case here over few days, should be back above 75p today

[rumobejo] 01/5/2020 11:32

very wild move from 81p early on to 70p then looks like moving back up

fallen from 140p pre covid and yet they are still operating as they lot's of gov services work, so to see such a fall is just insane

break out at 90p should see it back to 120p-140p afterwards

[rumobejo] 24/4/2020 13:00

very difficult to buy, any amounts, even 500

[sbb1x] 26/3/2020 11:59

No posts in 6 months wow.Bounce of 50p ?

[spoonfed1] 30/9/2019 12:01

Still like this stock although growth has stagnated. Just solid.

[connorcampbell] 04/6/2019 13:03

!YOUTUBEVIDEO:CSAl8maY5TA:
Will Mitie Group clean-up following Thursday’s full year results?

The company’s latest update came on March 28th. There Mitie stated that, while its committed order book was broadly flat in the second half, for the full year it would be down 10%, blaming a ‘challenging backdrop in the industry’ – shown in the collapse of both Carillion and Interserve – and ongoing ‘political uncertainty’.

Operating profit before other items, meanwhile, is forecast to come in between £84 million and £87 million. At a mid-point of £85.5 million, that’s a 2.8% improvement on the previous year’s £83.2 million, but below analysts’ previous guidance.

Read what Spreadex analysts have to say, or watch a 60 second preview, here:

[connorcampbell] 04/6/2019 13:02

Will Mitie Group clean-up following Thursday’s full year results?

The company’s latest update came on March 28th. There Mitie stated that, while its committed order book was broadly flat in the second half, for the full year it would be down 10%, blaming a ‘challenging backdrop in the industry’ – shown in the collapse of both Carillion and Interserve – and ongoing ‘political uncertainty’.

Operating profit before other items, meanwhile, is forecast to come in between £84 million and £87 million. At a mid-point of £85.5 million, that’s a 2.8% improvement on the previous year’s £83.2 million, but below analysts’ previous guidance.

Read what Spreadex analysts have to say, or watch a 60 second preview, here: hxxps://spreadex.com/?tid=392853

[carlsagan1] 23/5/2019 18:56

Does anybody have experience with brokers X-O(by jarvis) or iweb-sharedealing(by halifax)?

As ii have increased theres fees again(from £90 a year to now £120/£240), along with the bugs, its time I finally looked elsewhere.

Both x-o and iweb have a simple flat trade fee of £5.95 per trade and have no monthly/yearly admin fees or inactivity fees

[newtothisgame3] 29/3/2019 06:18

#MTO #Mitie yesterday briefed the City on its situation prior to the end of its financial year. The figures appeared sound enough. However, the shares took a bit of a smashing, closing down 7.2 per cent, or 10¾p, at 139¼p.

[connorcampbell] 27/3/2019 13:00

!YOUTUBEVIDEO:eKjvkszHOfQ:
Can Mitie Group manage a mighty pre-close statement on Thursday?

The company’s last statement was all the way back in November, when it posted its half year results. Though revenue rose 4% to £1.04 billion, its first half adjusted operating profit slipped 4.2% to £38.4 million. This was due to a combination of a previously highlighted ‘adverse contract mix change’ in its Cleaning & Environmental Services division, and a £3.3 million hit due to ‘mobilisation-related costs’ in its immigration centre-managing Care & Custody arm.

As for the firm’s outlook, Mitie said that the outsourcing industry is ‘under much scrutiny’ with clients who expected ‘more, for less’ despite rising labour costs. However, it still expects to post ‘modest top-line growth’ this year, and is ‘confident’ in reaching its medium-term target of margin improvement to around 4.5% to 5.5%.

Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here:

[connorcampbell] 27/3/2019 12:59

Can Mitie Group manage a mighty pre-close statement on Thursday?

The company’s last statement was all the way back in November, when it posted its half year results. Though revenue rose 4% to £1.04 billion, its first half adjusted operating profit slipped 4.2% to £38.4 million. This was due to a combination of a previously highlighted ‘adverse contract mix change’ in its Cleaning & Environmental Services division, and a £3.3 million hit due to ‘mobilisation-related costs’ in its immigration centre-managing Care & Custody arm.

As for the firm’s outlook, Mitie said that the outsourcing industry is ‘under much scrutiny’ with clients who expected ‘more, for less’ despite rising labour costs. However, it still expects to post ‘modest top-line growth’ this year, and is ‘confidentR17; in reaching its medium-term target of margin improvement to around 4.5% to 5.5%.

Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: hxxps://spreadex.com/?tid=388880

[peterbill] 29/1/2019 16:13

Standard Life Aberdeen are increasing their stake in this ... now over 12%

I wonder if they know something?

[tbr25] 24/11/2018 14:20

Thought the ex C&W guy might recover this from previous self centred CEO’s awful stewardship but writing on the wall! Bail out , it will go down. Slowly but surely.

[kickingking] 18/10/2018 22:06

LBHF terminates mitie maintenance contract five years early.

[hardupfedup] 26/9/2018 08:53

peel hunt upgrades no pt

[pvb] 12/4/2018 19:58

Oops! +6.4%

[pvb] 16/1/2018 17:22

Oops! +3.1%

[wiseacre] 21/11/2017 17:31

Getting crushed. Placing ahoy!