focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
Although, I would be reluctant to buy these shares now that there is a seller with millions of shares who is offloading them and happy to take £1.12. If they drop back to that price, and I think they might, I will consider a purchase.
SP now working its way back up again ; nothing of any great significance in the sell, in my opinion.
Also, as stated, the shares were sold to institutional investors so todays drop is solely on the news release.
Simply that they’ve made their target and are moving on. Not a reflection on the performance of the business but a good opportunity to purchase on a quick drop for PI’s.
I had intended to buy into MTO until I saw the positive buy tip in the weekend papers. At that point I held off as I never buy when tipped as most of the times they are not genuine or they are published so people are tempted to buy. Lo and behold the announcement of 40 m shares sold with a drop in share price. Just coincidence or inside information. Either way I now look at this as a possible buy in as the company is fundamentally sound (once it approaches £1.12).
Any thoughts on the 40m shares sold by Alchemy at £1.12?
Yes totally agree, reflected in sp increase, wish had purchased more now under a pound now...atb
Great results and another £50m share buyback announced. All looking good for the future.
BC
They buy back everyday
They should have waited a day to buy those 500,000+ shares - paid over 106pps !
Long term Should see it bounce back
The market certainly not impressed.
Let’s see if the market agrees!
Wealthoracle.co.uk/detailed-result-full/MTO/812
mitie group plc issued a pre-close trading update for the hy ended 30th september this morning. h1 group revenue is expected to be up by c.11% to £2.1bn while order books look very strong with c.£2.2bn total contract value of new contract wins and extensions/renewals. the business continues to expand acquisitively, £46m was invested in five higher growth, higher margin strategic bolt-on acquisitions during the period. the balance sheet remains healthy although net debt increased to c.£115m reflecting the higher m&a spend and ongoing shareholder returns. a second £25m sbb tranche was started today. guidance was also raised with fy24 operating profit before other items expected to be at least £190m underpinned by good ongoing trading and delivery of margin enhancement initiatives. valuation also remains very attractive with forward pe ratio at 10.1x top third for the professional & commercial services sector. last but not least the share price remains in a solid uptrend and has positive momentum accordingly. buy. ..
...from wealthoracle
***************************detailed-result-full/mto/812
Nice update.. again!
Sliced again at 103p no retrace since last slice at 96.5p early June.
Easy to see how you jumped to that conclusion, but you are totally mistaken.
Still not news on the hard services government contract!
It appears that the rise is not over yet. The company have also been winning bigger and better contracts, so I have no doubt big things are on the horizon. Happy to have got in around 70, those who got in even lower must be very pleased :)
This will go up steadily. I'm sorry that you are a bitter LTH. Better luck next time.
The update did not set the market on fire. Look at the price at the time of my post.
Look at the price and time of my current post. Underwhelming to say the least.
What are you on about.
That's a great update.
The 8th of June has arrived.
Am I wishing I had invested more? No. Some people wear rose coloured spectacles. I am not a troll, just a realist.