Mitie Share Discussion Threads

[robizm] 17/7/2020 15:56

The underwriters will support it if it goes much lower otherwise they will have 800 million shares

[stalker_boy] 17/7/2020 15:52

Everyone posting best guess prices lower than their buy-in targets which I anticipate will be 30p

[robizm] 17/7/2020 15:50

These are a better bet than amigo

[sbb1x] 17/7/2020 15:37

Might have a punt at 25p

[robizm] 17/7/2020 14:53

Ted was suffering before covid 19 came about. These can go lower but remember the ones who hold the right to buy them at 25p are losing big time.

[typo56] 14/7/2020 12:16

It's trading at a significant premium to yesterday. Someone paid 51p earlier. That's the equivalent of paying over 108p yesterday. Bonkers, but that's rights for you!

[rumobejo] 14/7/2020 11:27

25p RI, 25p it is then...

[essentialinvestor] 13/7/2020 16:58

This acquisition either goes spectacularly well, or badly imv.
Might be in to 2021 before the first indications are evident.

Back in the day MTO was such a reliable performer.

[rumobejo] 10/7/2020 13:58

is the rights issue at 25p?

[placing] 25/6/2020 14:47

hxxps://news.sky.com/story/barclays-faces-conflict-question-over-200m-mitie-share-sale-12014591

Barclays is facing questions over a possible conflict of interest by being paid to help Mitie, the outsourcer, raise £200m to fund the purchase of a company that the bank partly owns.

Sky News has learnt that HSBC withdrew from the group of banks arranging Mitie's rights issue following internal concerns that were raised because it is also a shareholder in Interserve, a rival government and private sector contractor.

[typo56] 25/6/2020 09:04

Ammu12, the rights issue is only in part for the acquisition of Interserve. About £80m of the £201m.

The majority of acquisition of Interserve will be met through the issue of around 360m new shares. That's on top of the 800m rights issue shares.

[babbler] 25/6/2020 08:16

Or. 90p as it opened. Huge deal.

[elliotset] 25/6/2020 07:38

Back to 50p then

[groogis] 25/6/2020 07:22

Two fantastic RNS updates to wake up to. Well done all involved in Mitie. Will be interesting to see how high this can go today. My estimate is 130.

[ammu12] 24/6/2020 21:17

Looks like right issue for the acquisition of inteserve

[babbler] 22/6/2020 14:41

We continue to expect our operating profit before other items and revenues for the year ended 31 March 2020 to be in line with the guidance given in our scheduled Trading Update on 30 January 2020, notwithstanding the material downturn in projects and non-essential maintenance spend, which we experienced in March as a consequence of the COVID-19 situation (which we referenced in our COVID-19 related update on 27 March 2020). We have seen a continued improvement in our year-end net debt (excluding the impact of IFRS16) which has further benefited by £33m from HMRC's 'Time to Pay' scheme, resulting in a year end net debt of approximately £80 million. Average daily net debt in H2 FY19/20 was £216 million (excluding the impact of IFRS16) (H2 FY18/19 £287 million (excluding the impact of IFRS16)).

[babbler] 22/6/2020 09:10

Taken some for results on the 25th.

[groogis] 05/6/2020 17:20

Interesting read on a new Mitie service. Be interesting to see the take up on this if it protects surfaces for six months.

[groogis] 05/6/2020 17:18

https://www.facilitatemagazine.com/news/mitie-starts-cleaning-service-to-banish-covid-19/

[fidra] 19/5/2020 14:44

Think it is about time the cleaning division announced their c19 deep cleanse so the price can go up 3 fold ;-))