Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
how often do you see a company purchasing it's own shares only to have the sp plummet later ? Now is the time for the company to be purchasing shares ,strikes me that me management has been rather complacent. However all is not lost they do not state that they will be making a loss , the div might be cut but it should still be pretty healthy compared to what you can get elsewhere. Hold a few here might top up if it gets sub 180 no need to sell.
Not really a prediction - more a personal hope! After 165p I want it to go down further, send it down the pan I would be delighted. Ps sold at 420p not far off your prediction - bring on 60p
lol got to love the price predictions on here. i predict its going to open at 480 tomorrow morning then close at 60 on friday
Nope! 165p it will reach - nothing mighty about Mitie! Time to restructure the restructure!!
The drop may trigger the start of buying back stock for closing of short positions. % - date last changed. AlphaGen Capital Limited -0.91000 - 24/02/2014 Artemis Investment Management LLP - 0.52000 - 23/08/2016 BlackRock Investment Management (UK) Limited - 2.20000 - 15/09/2016 Coltrane Asset Management, L.P. - 0.82000 - 17/08/2016 CZ Capital LLP - 0.52000 - 01/08/2016 GLG Partners LP - 0.81000 - 25/08/2016 Henderson Global Investors - 0.89000 - 05/08/2016 Marshall Wace LLP - 0.58000 - 07/09/2016 SFM UK Management LLP - 1.21000 - 20/06/2016 Threadneedle Asset Management Limited - 0.56000 - 17/08/2016 TT International - 0.52000 - 08/07/2016 Total % short 9.54000 Apprx total shares short 34,250,229
200p is broken, it's 201p-201.30p right now. The bounce is happening....
If this breaks through 200 again today I can see it closing around 220
from being oversold ?
Without these types of companies i would not be where i am today a start in work, the one thing you can always do is leave for where the grass is greener that's what the smart people do don't moan shape yourself
@Qwerty59 Agreed with you a horrible company ...exploits all those at the bottom...i'd like to see this drop further...TOXIC employer
I was almost in. Expect to see a bit of a recovery this week. Can sometimes take a few days. Revised broker rating at 270p plus divi yield of 6.33% will attract some punters like me.
What a clever investor you are - The business model is to employ cheap staff and now they blame a firming of employees minimum pay etc. Glad to see this drop after how they have treated some people I know work(ed) for them. Once the democratic vote was made, you should have sold... Would love to see this company collapse - just for payback to the staff who would find a better paid job anyway - Outsourcing has had its day for using people as a cheap option
at 192.16p, seems like the drop is a bit of an overkill. Happy to hold for the recovery now.
come a little closer to the brexiteer my money is ready
I agree with you. 180 is the level that I'll be interested in buying. However, I feel for the existing shareholders as a 20-25% drop is indeed stomach churning. GLA
Let's hope that Brexiteers are heavily invested here; gives them a nice shot of reality and the emerging consequences of their decision in the referendum ballot.
I know what you mean. However, one cannot for definite say this will bounce 20%, fundamentals always play out at the end. We need to delve into what MITIE has and whether its business is actually structurally suffering. I know its property management segment is very dependent on the government as a customer as it involves repair/maintenance work on social housing. As someone who has worked for a company that was dependant on income from the government, I am aware of the severe budget constraints our British government is facing and even more so at the local council levels across the country. So information like this does need to be taken into account. Sometimes big companies go down and stay down.
Forecast to lose between 10-20% revenue, the drop is 25%.. I don't think youl get 20% from here, but who knows. Il wait for the support around the 180p mark.
Blimey. It's quite refreshing to see a huge company not doing well :) apologies but I like it when giants fall. This will probably bounce though ... easy 20%?
Has any one else notice that this time the amount of Transaction in Own Shares seems a lot higher than most years?
25 November 2015 2:08am MITIE Mitie’s interim results were weaker than expected due to its loss-making healthcare division. However, Liberum has decided to keep its headline earnings estimates unchanged, provided that the trading improves in the second half. The broker kept its “hold” recommendation and upped its target price from 286p to 300p, saying the group’s focus on its core facilities management business was “encouraging”.
Nov 24, 2015 at 05:30 Mitie interims down due to healthcare Outsourcing and energy services company Mitie (MTO) reported weaker-than-expected interim results yesterday that sent its shares sliding 9% to 302p. Liberum analyst Joe Brent retained his ‘hold’ recommendation and target price of 286p on the shares, commenting: ‘Interim results a little weaker than we had expected due to healthcare (down 20% due to branch closures), but no exceptionals,’ he said. ‘Estimates left unchanged, despite H1 loss in healthcare. Order book and pipeline down slightly, with less ad hoc work, but 97% of work secure.’ Margins were also down in facilities management but Brent said there was no plan to change forecasts. ‘Mitie currently trades at a current year 2016 price/earnings ratio of 12.8x and a EV/EBIT of 10.1x which represents a discount to the sector – excluding Serco – of 13% and 19% respectively. We believe that it is encouraging that Mitie is focused on its core facilities management business, where it has a strong market position,’ he said.
EX-DIVIDEND date this Thursday 25/6/15 a payment of 6.50p paid on 4/8/15 div- information of interest below Dividend information of interest DIVIDEND . helpful information/11 May '15EX-DIVIDEND DATE IS NOW ON A THURSDAYS AND THE RECORD DATE IS THE DAY AFTER FRIDAYS 7AM ON THE EX-DIVIDEND DATE THE SHARE PRICE IS REDUCED BY THE DIVIDEND PAYOUT AMOUNT . IN THIS CASE 6.50P 22/03/15 example of interest below Do I qualify for a dividend, and when will it be paid? To qualify for a dividend payment you must be the owner of shares at the close of business on the working day before the ex dividend date. For example if the ex dividend date is 9th June: You would qualify if you buy/bought shares on or before the 8th June and did not sell before close of business on the 8th. You will not qualify if you buy/bought shares on or after the 9th June. As long as you buy/bought shares on the 8th or before then you can sell the shares on the ex dividend date and still qualify for a dividend. MORE INFORMATION RE DIVIDENDS Guide to Dividends and Income Investing What are dividends? Dividends are payments made by a company from its profits to its shareholders. They are generally paid either twice a year (in an interim and final dividend) or quarterly. Some companies will occasionally make one off payments known as special dividends. Dividend stocks are sought after by income investors and will play a part in a well-diversified stock portfolio. To receive a dividend, you must buy shares in the company concerned prior to, and hold for at least part of, the ex-dividend date; if you were to buy shares on the day itself, you would not be eligible for the dividend. What happens on the ex-dividend date? On the ex-dividend date, the shares will typically fall by the amount of the dividend. If you hold shares in a company and do not realise it's the ex-dividend date this can obviously be quite alarming. It makes sense, however, as new buyers of shares in the company aren't eligible to receive the dividend essentially making the company worth less. What about if I have a spread bet or CFD position open on a company which goes ex-dividend? If you have a position with a spread betting or CFD provider when a company goes ex-dividend they will typically credit (if you are long) or debit (if you are short) the amount of the dividend to compensate for the fall in share price. What about tax on dividends and dividend tax rates? Anyone who receives dividends from UK companies have 10% taken off as taxation before the dividend is paid. Unfortunately, there's no way around this. However, higher rate taxpayers can avoid losing a further 25% to tax by holding the shares in a Self Invested Personal Pension (SIPP) or ISA. What about reinvesting my dividend payments?
hes wrong! gl