Mitie Share Discussion Threads

[diku] 07/8/2020 22:56

Revolving doors to manual...




meijiman31 Jul '20 - 11:30 - 597 of 601
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What happened to the woman who ran this company into the floorboards...somewhere else now on big bucks?

[encarter] 07/8/2020 16:04

That's where it's heading short term but I would hope that we can get back above 80p by Christmas.

[prokartace] 07/8/2020 15:03

Looks like the turn around has happened. Good chance for a rise to 45p which brings us nearer pre-rights fair value

[encarter] 05/8/2020 08:23

Large amount of stock available at 31p. MM's might walk the price up to shift it or wait for it to clear. Better to get in now as no down side from here imho.

[rounder2] 03/8/2020 07:59

Director's took up all Rights ? I think so
Director buys 1million @ 32.4
ALL short positions closed ( was circa 5%)

Good signs methinks

[meijiman] 31/7/2020 11:30

What happened to the woman who ran this company into the floorboards...somewhere else now on big bucks?

[typo56] 31/7/2020 10:34

Which would be offset by the even bigger drop in value of MTO.

You don't get rights for free. In an efficient market any benefit you get from the rights is offset by the fall in value of your qualifying holding. i.e. the ex-rights dip.

Rights are a blag!

[encarter] 30/7/2020 16:37

Depends how you trade. I don't hold MTO but if I bought for 100p say then took up my rights say 2500 quids worth at 25p then sold them at 45p I would have an extra 2 grand in my pocket today.

[prokartace] 30/7/2020 11:17

encarter:
No one got shares at 25p in the sense that those who did already owned shares above 80p so have an average price of circa 42p. The rump of rights not taken up was sold at 31p so thais is the lowest 'net' price anyone can have bought at

[typo56] 29/7/2020 19:56

Why take up the rights at 25p if your intention was to subsequently sell the shares? You'd have been better off selling the nil paid rights shortly after they went ex.

[essentialinvestor] 29/7/2020 18:28

Is anyone here interested in the longer term?.

This acquisition either makes or breaks MTO imv, not holding atm.

[encarter] 29/7/2020 18:24

What about those who bought at 25,p?

[prokartace] 29/7/2020 16:31

yep 30p then bounce but limited upside

[red ninja] 29/7/2020 13:05

Oh see rump placed at 31. Can’t see this going to 20-25p.

[red ninja] 29/7/2020 13:00

Mmm the underwriters must have thought they will have some stock left on their books and planned accordingly. This is normal.

The selling is more like holders who are being panicked by derampers.

[alexios1201] 29/7/2020 12:40

Hmmm rump bot at 31pHungry buyers haStill recon we'll see 20-25pCiao until then

[alexios1201] 29/7/2020 11:29

Near 53m rights not takenThey are being dumped into the market by underwriters and sub-underwriters plus all those who had excess ri's given to them...20p is about right25p rights issue price Sell

[red ninja] 29/7/2020 11:26

Sbb got your buy order set at 30p so you need to frighten the punters ?

[sbb1x] 29/7/2020 11:19

Could this drop to 20p ?

[red ninja] 28/7/2020 10:28

Update today :-

LIBERUM CUTS MITIE GROUP PRICE TARGET TO 37 (43) PENCE - 'HOLD'

[typo56] 19/7/2020 11:32

Some investors seem to get a bit emotional about 'dilution'. If you take up the rights in full, what's the difference to you of:-

11 for 5 at 25p

or

1 for 1 at 55p

It's the same amount raised. It costs you the same. You still hold the same proportion of the company (i.e. no 'dilution') and participate in the same proportion of the dividends.

Where it does make a difference is if you don't take up the rights. If you don't take up the rights then yes, you are going to suffer dilution. However, unlike an open offer, the rights are tradable and you can sell them (or simply let them lapse and receive your share of the proceed of the rump placing). Efectively this means you've sold a proportion of your stake in the company, but that's your choice.

[diku] 18/7/2020 18:50

Post 577...agree...insiders don't have much of an opinion...they rely on advisors, consultants, investment bankers...insiders are merely spokesperson on behalf of the company to which they get paid a super remuneration...hence they are always off the hook...

[typo56] 17/7/2020 16:18

It makes no difference to shareholders what price rights get done at, provided they take up the rights.

It does matter to the underwriters, who don't like taking a risk for their money.

[robizm] 17/7/2020 16:16

Don’t Barclays own inter serve as well surely a conflict of interest