Mitie Share Discussion Threads

[pundit1] 09/2/2022 18:10

The driver of the train controls the hand brake, that persons is in charge of the train when it’s moving, when going forwards or backwards.

[pundit1] 09/2/2022 18:07

The driver of the train controls the hand brake, that persons is in charge of the train when it’s moving, when going forwards or backwards.

[pundit1] 09/2/2022 18:07

The driver of the train controls the hand brake, that persons is in charge of the train when it’s moving, when going forwards or backwards.

[philbentley] 09/2/2022 13:33

The break is still on. Vote board members out this summer. They created the hand break.

[pundit1] 07/2/2022 18:42

Has the train left the station yet or is the ‘break’ still on. Share price should be moving.

[philbentley] 29/1/2022 12:27

Yeah. We are in it to win it.

[philbentley] 29/1/2022 12:18

Boys.
Who holds the hand break?

[drk1] 27/1/2022 19:46

"Main cloud is the lack of share price momentum, going nowhere for 5 years now. One to monitor for the time being."

What on earth are they talking about - three years ago we were trading at 146p - well over twice the current share price and at the beginning of the pandemic we were trading at £1. Got to be room for significant upside from here based on the PE alone.

[eigthwonder] 27/1/2022 19:37

Management are doing good things but I fear the share price performance will be limited by a peer group that remains unloved by the market

[fidra] 27/1/2022 15:40

I think this is now better managed .

The management have got to grips with the problems,bought a business that is now enhancing the overall with a lot less of a cost base.

I can see this rerating over the next 6 months .a pe of 12 would not be unreasonable

Which implies about 50% upside.


Can also see them getting back to a 4p dividend at least .

Also there appears to be a lot more discipline around tendering.

I also think they are now getting contracts as not many lef5 to do them .

[kalai1] 27/1/2022 14:58

Mitie Group plc issued a trading update for Q3 FY22 and also provided guidance for the full year ending 31 March 2022 (FY22). Third quarter revenue including share of joint ventures and associates of £1,008m was up 51% from the same period last year Q3 FY21 £667m, and was also 1% ahead of Q2 FY22. FY22 revenue and operating profit before other items are now expected to be in the region of £3.8bn-£3.9bn and £160m-£165m respectively, both are higher than previously guided. Valuation is a definite positive for the investment case with forward PE ratio of a little over 8 very attractive. Main cloud is the lack of share price momentum, going nowhere for 5 years now. One to monitor for the time being....from WealthOracleAM

hxxps://wealthoracle.co.uk/detailed-result-full/MTO/328

[warranty] 27/1/2022 11:14

The last results were good too and the share price rose but since then it’s cratered. Let’s hope the same thing doesn’t happen again as we come out of the Covid problems?

[gjsurveyor] 27/1/2022 09:02

Great results, back to the high 70s next week

[drk1] 27/1/2022 08:42

Yep, plenty of positive signs and evidence of revenue growth, yet here we are with the share price just a tad above where we where this time last year whilst in the midst of lockdown! Crazy.

[queenbreguet] 27/1/2022 07:26

Good set of results. Cheap at this price.

[fidra] 25/1/2022 20:20

I suppose we will see on Thursday .

The last update appeared quite good.

[gjsurveyor] 25/1/2022 12:43

Any reason for this drop? Update due on Thursday so hoping to get back to late 60’s minimum

[salpara111] 13/12/2021 13:10

Thought we would finish the year closer to 80 than 60!

[philbentley] 11/12/2021 20:40

Monday will be interesting and next 3 months. How it will all go.

[casholaa] 08/12/2021 17:26

Anybody else spot the rns today??

[fidra] 03/12/2021 11:58

I am pretty sure I read in the accounts that they expect to make as much money again even without the covid contracts.

I assume this is better integration and better running businesses as well as less competent competition.

Certainly on the large turnover and now rejecting non performing works this is quite possible.

The new car charging business in a few years may be pretty profitable.

Mitre certainly have the connections to roll this out quickly especially govt departments and office and depots.

[philbentley] 02/12/2021 19:52

Yes we all have to be patient. Soon game for dividend. Maybe in June next one and bigger one.

[casholaa] 01/12/2021 22:07

The other day I noticed that Mitie provide the security for my local Sainsbury's. I now think there should be more Sainsbury's supermarkets, two on every street please....

[cijames2001] 01/12/2021 14:26

The fundamentals here point to a much higher SP, the only reason I can think as to why the price is not moving is because of the uncertainty of the Covid related contracts. But if you take them out of the equation, we are in a miles better position than pre-covid. I've been holding for 15 months, just need a little patience.

[warranty] 01/12/2021 13:25

I agree fidra but sadly it’s not being reflected in the SP!