Mitie Share Discussion Threads

[1findlaydarr] 15/6/2022 11:44

Does anyone know when is the ex dividend date? Thanks!

[philbentley] 09/6/2022 08:35

Yes this time decent n x 0.014 divi.

[drk1] 09/6/2022 08:31

Fantastic set of results with the icing of a share buy-back and dividend - fully expect us to see the highs of the last 18 months revisited soon. ;-)

[casholaa] 09/6/2022 08:17

They are doing a share buyback too!

[philbentley] 09/6/2022 07:57

That is ridiculous if is bad thing when small volume can move price up. EOT

[queenbreguet] 09/6/2022 07:36

Good set of results.

[casholaa] 08/6/2022 19:40

I'm not sure about that. I think that the general consensus from a web search is that low volume share price rises are not so good. Results tomorrow. GL.

[philbentley] 08/6/2022 19:08

If they moving up and is low volume that is very good. I dont want spikes like tomorrow. Rather constant but slow growth.

[casholaa] 08/6/2022 14:01

I think it might be about to go. But it's still low volume.

[casholaa] 07/6/2022 20:40

The share price has been moving up on low volumes, so I am exercising a lot of caution. But as always dyor.

[jeff h] 07/6/2022 20:06

Results on Thursday the 9th:-

[pundit1] 07/6/2022 19:05

Cas: try this - that’s 8point8 them.

[casholaa] 07/6/2022 17:09

@pundit

Blimey, try here




www.8point8support.com/


From the RNS

"Mitie Group plc ("Mitie") announces today that it has acquired 8point8 Support Limited, 8point8 Training Limited and Vantage Solutions Limited (collectively "8point8")"

[pundit1] 07/6/2022 16:59

casholaa: I just looked again at 8point8 Group Ltd on Gov.UK Companies House and at 31 Dec 2021 it says accounts for a dormant company. Perhaps there’s loads of businesses with name 8point8?

[casholaa] 07/6/2022 15:39

p.s. I think from the chart that it broke out of it's last trend on 28th of May.

[casholaa] 07/6/2022 15:36

I think it'll keep going up until FY are released. I read both 8th and more recently 9th June for the FY. If FY is on 9th, I'm hoping she'll be going up tomorrow too!

[drk1] 07/6/2022 15:03

Currently sitting right on resistance @ 60p making it decision time for MTO - can it break through or will this herlad a retrace. Let's see! ;-)

[casholaa] 07/6/2022 13:42

@pundit

RNS - May 2022

"For the 12 months ended 31 December 2021, 8point8 generated combined revenues of £18.3m and profit before tax of £0.6m, with gross assets of £6.2m"

RNS - April 2022

"P2ML will be acquired for a total consideration of £2.1m, on a cash free, debt free basis, with a normalised level of working capital. The acquisition will be funded from existing facilities. For the year ended 31 March 2021, P2ML reported revenue of £3.9m and operating profit of £0.5m. It will be accretive to earnings in the first 12 months of ownership."

RNS - Nov 2021

"The transaction consideration comprises an initial payment of £10m, with two deferred payments in aggregate of up to £4.5m by the end of FY23, linked to stretching performance targets. Rock will be acquired cash free, debt free, with a normalised level of working capital and will be accretive to earnings in the first 12 months of ownership. The acquisition will be funded from existing facilities.

For the year ended 31 December 2020, Rock reported revenue of £7.4m and operating profit of £0.4m."

RNS - August 2021

"Mitie Group plc (Mitie or the Group) announces today that it has acquired DAEL Ventures Limited (DAEL Ventures), a leading provider of acquisition, design and construction (ADC) services in the UK for mobile telecoms infrastructure, for £15m.

...

DAEL Ventures' revenue for the twelve months to 31 December 2020 was £18.3m and profit before tax was £0.22m including a one-off charge of £0.42m. Gross assets as at 31 December 2020 were £6.9m"

[casholaa] 07/6/2022 12:59

You should look at the rns's, they acquired a few companies. At a guess, they'll be looking to replace/install 5G infrastructure and what I understand to be installing charging ports for electric vehicles. FY on 8th or 9th June. GL.

[pundit1] 07/6/2022 12:39

Was a dormant company purchased for x£millions.

[pundit1] 05/5/2022 10:53

I read somewhere ( on Gov beta site) that a recent purchase was recently a dormant company. Does this mean it wasn’t trading?

[pundit1] 05/5/2022 10:53

I read somewhere ( on Gov beta site) that a recent purchase was recently a dormant company. Does this mean it wasn’t trading?

[casholaa] 04/5/2022 08:55

I read somewhere that all the Huawei stuff is to be removed and replaced. Sounds like a big task for which Government is directly to blame and should therefore cough-up the dosh.

[drk1] 04/5/2022 08:13

Peel Hunt reiterates Mitie as a ‘buy’
Outsourcing group Mitie (MTO) has expanded its telecoms capabilities with an acquisition and is embedding it within critical services, says Peel Hunt.

Analyst Christopher Bamberry reiterated his ‘buy’ recommendation and target price of 92p on the stock, which was trading up 3.5% at 56.1p late on Tuesday after buying 8point8, a mobile telecoms tower design and construction firm, for £10m.

‘The company expects the acquisition to be accretive to earnings,’ he said.

‘The acquisition expands Mitie’s telecoms acquisition, design and construction capabilities following the recent acquisitions of [telecoms companies] Dael and P2ML.’

Bamberry said the group is ‘adding the capacity to increase self-delivery of critical services’.