Mitie Share Discussion Threads

[eddie2297] 10/12/2020 18:22

https://www.fmj.co.uk/mitie-wins-maintenance-contract-for-uks-largest-telecoms-estate/

[dr knowledge] 08/12/2020 22:49

Agree, there's absolutely nothing chart wise in terms of resistance. Slightest whiff of good news should finally see this one start to fly.

[saucepan] 08/12/2020 16:42

A significant move away from 40p today. Not too much overhead resistance until 80p, almost 100% further up!

[roks] 08/12/2020 16:26

some weird movements on the sp

[dr knowledge] 08/12/2020 16:21

Everyone - use this thread - infinitely better...............

[eddie2297] 08/12/2020 16:06

This is a potential multi bagger imo.

[saucepan] 08/12/2020 15:43

Could be a significant move; rather a pity this thread has no chart in the header to enjoy. The upward trend is starting to look convincing.

[queenbreguet] 08/12/2020 15:37

Finally some positive movement

[eddie2297] 30/11/2020 15:20

https://www.proactiveinvestors.co.uk/LON:MTO/Mitie-Group/rns/896180

[eddie2297] 30/11/2020 14:35

https://www.proactiveinvestors.co.uk/LON:MTO/Mitie-Group/rns/896180

[masurenguy] 28/11/2020 10:08

Jefferies predicts Mitie cashflow leap

Outsourcing group Mitie (MTO) has resolved its liabilities more quickly than expected, boosting its free cashflow yield, according to Jefferies. Analyst Kean Marden retained his ‘buy’ recommendation and target price of 55p on the shares, which were trading at 39.7p yesterday at the time of writing.

"Mitie’s off-balance sheet liabilities have been resolved more quickly than expected. This has positive implications for future cash conversion and could boost the free cashflow yield to 15% by full year 2024 if streamlining drive Project Forte savings and Interserve acquisition synergies are secured." Marden added the Interserve acquisition was "not without risk but could provide upside to our 80p price target scenario when integration risks subside"

[dr knowledge] 24/11/2020 16:25

No problem - quite surprised how little interest this share gets, more especially after an interesting acquisition. More upside as opposed to downside risk here for me. ;-)

[stevieweebie2] 24/11/2020 10:34

yes I agree, I dont use threads without a chart. I bought in last week at 39 I think it was so in for the long haul up to a quid or two at some stage hopefully.
thanks for the snippet, always interesting.

[dr knowledge] 24/11/2020 09:07

At least this BB has a chart! Might try and move the action (if there was any) here....I like this as a recovery play, seems, so do Jefferies. ;-)

Jefferies predicts Mitie cashflow leap
Outsourcing group Mitie (MTO) has resolved its liabilities more quickly than expected, boosting its free cashflow yield, according to Jefferies. Analyst Kean Marden retained his ‘buy’ recommendation and target price of 55p on the shares, which were trading at 39.7p yesterday at the time of writing.

‘Mitie’s off-balance sheet liabilities have been resolved more quickly than expected,’ he said.

‘This has positive implications for future cash conversion and could boost the free cashflow yield to 15% by full year 2024 if [streamlining drive] Project Forte savings and Interserve acquisition synergies are secured.’

Marden added the Interserve acquisition was ‘not without risk but could provide upside to our 80p price target scenario when integration risks subside’.

[dr knowledge] 24/11/2020 09:04

Jefferies predicts Mitie cashflow leap
Outsourcing group Mitie (MTO) has resolved its liabilities more quickly than expected, boosting its free cashflow yield, according to Jefferies. Analyst Kean Marden retained his ‘buy’ recommendation and target price of 55p on the shares, which were trading at 39.7p yesterday at the time of writing.

‘Mitie’s off-balance sheet liabilities have been resolved more quickly than expected,’ he said.

‘This has positive implications for future cash conversion and could boost the free cashflow yield to 15% by full year 2024 if [streamlining drive] Project Forte savings and Interserve acquisition synergies are secured.’

Marden added the Interserve acquisition was ‘not without risk but could provide upside to our 80p price target scenario when integration risks subside’.

[groogis] 19/11/2020 19:50

In a year where many businesses have been decimated by COVID disruptions, the results show a resilient company with a strong opportunity to push on from IMO. The new wins and contract renewals demonstrate capability and service. Agree they need to maximise the opportunities in the Interserve base. They are more than capable of doing that. Good luck all.

[essentialinvestor] 19/11/2020 19:31

Results look far from fantastic imv.

Depends if they can make the acquisition pay.

[topnotch] 19/11/2020 11:43

Holding up better than expected, may even close blue tonight!

Then again....

[smraynot] 19/11/2020 09:25

No chance, more chance of 45p than 35p. Just normal profit taking as always happens after results. Conference call about to start. Whoooooosh.🚀🚀🚀🚀🚀

[scepticalinvestor] 19/11/2020 09:17

35p on the cards...

[topnotch] 19/11/2020 09:10

I think you could be right...

[easwarareddy] 19/11/2020 08:40

Still got time

[topnotch] 19/11/2020 08:27

Thought it would retrace to 35p on a sell-off but it's holding up well