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Sliced after reading notes below at 96.50p
18/4/23 Up 13% to 94p tried to sell half of rights 94.3p.
Note read rights 30/7/2020 at 25p.
Still well under on the two buys Jan and Feb 2018.
Back to the price before the massive fall July 2020.
How strange that over 21 million shares traded today yet the SP has hardly moved.
And as for just appearing, my first trade in MTO was in 2018 at a SP of 278.86.
The future looked rosy then.
Instead of looking back one year, look back 5 years. Ask yourself why it was over one pound then, but lost about three quarters of its value.
Everyone is entitled to their opinion, this platform allows people to express those opinions,
There are lies and statistics, creative accounting and the forever optimistic rose tinted glasses wearers, Oh, and trolls, but I am not one of those.
Just pointing out the truth, but clearly some people cannot handle the truth. If sellers outweigh buyers, the price will drop. That is the economic truth of the markets.
I am not a troll. Everything I have ever said, I will stand by.
For all I know, you could be a paid ramper, with the sole purpose of driving the share price up.
Interesting how you’ve only just appeared and sprouting negatively. Mitie are doing a share buy back, want shares and have paid competitive prices. Peel aren’t letting them buy cheap. Also, check the end of day trades and you’ll see the big buys which never get worked in hours. Lastly, look at the share price increase from the past year and get back under your stone. Love it when trolls appear, as if on a pay per post deal! Roll on 8th June, perhaps the day you’ll be bragging about how you bought shares this week at a bargain and wish you’d bought more…
The majority of share transactions are coloured red.
Much like the rose tinted spectacles of those who are viewing this this company and predicting share price rises.
Share price is doing amazing today after confirmation the share buy backs have begun. Glad I held on to my shares after the recent increases as firmly believe the company has so much more to offer!
Good to see MTO reaching a 4 year high. £1.15 in no time, fingers crossed :)
Thanks Porter. I think the out of hours purchases last week may have been other investors, as any purchases that form part of the buy back would have to be RNS'd.
Not withstanding this, the SP is holding it's own.
I’ve not seen any RNS’s since to confirm how many shares they’re successfully buying back each day, but every day out of hours, there are some large buys going through. Could be a private investor though so not 100% sure if it’s the company making those trades or not.
What happened to the commencement of the share buy back programme ?
I understood it to be starting last week, or have I picked it up wrong ?
Agree, did the exact same thing last year. Leg up to £1 and then up to £1.15 come 8th June year end is my thinking.
Seems a bullish flag forming on the lower timeframes. In my view this is just consolidating before another catalyst that'll send it to the £1 mark where the next largest volume profile is. Technicals and fundamentals perfectly aligned.
Lovely end of day delayed buys, plus a £1m buy!
Shows there are some great forces at work, with some great expectations for the future of the company!
The buyback should help us get there, IMO
Deffo, following on from last years update we saw the share price continue to rise on a daily basis. We’re seeing churn but the entry of new holders is positive as the share price is continuing to hold. I’m confident we’ll see a similar pattern to last year and further rewards. Hoping for £1.15 a share in the near future. Just my personal thoughts, not financial advice, but very pleased nethertheless :)
Another great update and a further £50m share buyback announced with new contracts continuing to roll in and existing ones renewed long term. All positive.
BC
Well done all.
This will be a long hold judging by that report.
Even more excitement ahead.
Fantastic RNS updates! Super pleased from an investors perspective with the work that the team are doing to grow Mitie into a leading Total Facilities Management solution.
With Contracts like these, you just know things are going to get even better:
“In our Q3 update, we highlighted that we were the preferred bidder for two large Strategic Accounts with NATS (TCV of £132 million) and National Grid (TCV of £120 million), and both contracts were awarded in the final quarter. Following a full and extensive re-tender process, Mitie has been retained as strategic partner to the Ministry of Defence for its overseas military base in Cyprus (TCV of up to £643 million), and a further substantial public sector contract is at an advanced stage (TCV of up to £552 million). We also recently signed a new contract with Eurostar (TCV of £40 million) and renewed a contract with a large critical infrastructure organisation (TCV of up to £497 million).”
12k will hopefully bring some lovely returns!
My guess is based on previous RNS’s, it will now be the year end report around the 6th June.
Last year the stock progressively moved over 50% following news, so I have high hopes.
Especially as it’s clear insiders are loading up, even if the RNS’s are being logged end of day and not spiking the market…
With new contracts including Cyprus, National Grid, Durham, Luton, prisons, detention centres and acquisitions of security and solar companies, Mitie is a swan yet to be seen for its beauty by the market.
That gives us time to load up and perhaps have some cheeky day trades in between :)
When is the next update?
Mitie are smashing it. This seems really under the radar and is obviously being held back?
Just topped myself up with 12k of shares
Another one in the bag. Roll on the quarterly and year end report:
https://www.adsadvance.co.uk/dio-awards-mitie-256m-cyprus-facilities-management-contract.html
BH brain :P
Let's hope for a better week to come, and have a fab few days rest :)