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Hi
I got mitie (mto) shares in my Isa. I just read the latest rns update again.
We expect to publish our full year results on 4 June 2020, when we will update the market further. I hope it's not to bad :-))
Any comments?
Looks like it will rockey
Taverham
Just read the rns again.
We expect to publish our full year results on 4 June 2020, when we will update the market further.
Quite a rise today wish I bought yesterday
Mitie might make it with these results and I would be mightily pleased.
189 by Xmas sweet
180 go go
Needs to close above 160 at the end of the week, tested it 4 times recently.
Cra19
Hopefully Mitie up as there is no one else left
Carillion..done
Interserve..done
Kier..almost done
What's next?
Debt down profit up and future looking good. SP looking a little low but who knows what market will think.
Will Mitie Group clean-up following Thursday’s full year results?
The company’s latest update came on March 28th. There Mitie stated that, while its committed order book was broadly flat in the second half, for the full year it would be down 10%, blaming a ‘challenging backdrop in the industry’ – shown in the collapse of both Carillion and Interserve – and ongoing ‘political uncertainty’.
Operating profit before other items, meanwhile, is forecast to come in between £84 million and £87 million. At a mid-point of £85.5 million, that’s a 2.8% improvement on the previous year’s £83.2 million, but below analysts’ previous guidance.
Read what Spreadex analysts have to say, or watch a 60 second preview, here: https://spreadex.com/?tid=392855
Can Mitie Group manage a mighty pre-close statement on Thursday?
The company’s last statement was all the way back in November, when it posted its half year results. Though revenue rose 4% to £1.04 billion, its first half adjusted operating profit slipped 4.2% to £38.4 million. This was due to a combination of a previously highlighted ‘adverse contract mix change’ in its Cleaning & Environmental Services division, and a £3.3 million hit due to ‘mobilisation-related costs’ in its immigration centre-managing Care & Custody arm.
As for the firm’s outlook, Mitie said that the outsourcing industry is ‘under much scrutiny’ with clients who expected ‘more, for less’ despite rising labour costs. However, it still expects to post ‘modest top-line growth’ this year, and is ‘confident’ in reaching its medium-term target of margin improvement to around 4.5% to 5.5%.
Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: https://spreadex.com/?tid=388881
Almost 30% gain in 2019, looking forward to the next update, lots of stuff about the connected workspace on social media. Also good to see the CEO buying some more shares recently.
GLA
Cra19
I wondered if any holders had a view on Jack Boyer? He was a NED with MITIE.
Thanks in advance.
mitie group wins contract,covers 47 sites for 5 years.
Nice piece in the Business section of the Evening Standard today. Expert's target price...208.
Thanks Teasybee.
Convincing breakout today after a false start a few days ago. https://uk.tradingview.com/chart/MTO/oFwtGW9f-Mitie-is-breaking-out-after-a-false-start/
Broker Upgrade by RBC?
Upward move at Mitie today. Why?
...results and statement. At the current low level I'd say worth putting a few quid in and leaving it. I think lessons have been learned from CLLN and there will of course be work on offer from their demise. I'm of the opinion that the worst is over and it's a case of 'Onwards and Upwards'.
Nice contract win st Heathrow for Mitie
Now Capita, who is next?