Mitie Share Price (MTO)

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).