Mitie Group (MTO)

Sector:

Support

Index:

FTSE 250

121.40p
   
  • Change Today:
      0.40p
  • 52 Week High: 121.80p
  • 52 Week Low: 88.90p
  • Currency: UK Pounds
  • Shares Issued: 1,331.39m
  • Volume: 5,563,069
  • Market Cap: £1,616.30m
  • RiskGrade: 216

Thursday preview: UK Parliament, US-China trade, Fedspeak in focus

By Alexander Bueso

Date: Wednesday 27 Mar 2019

LONDON (ShareCast) - (Sharecast News) - All eyes will continue to be on the UK Parliament on Thursday.
Investors will be pouring over the results of the previous night's indicative votes, trying to anticipate their possible implications, even as they keep an eye on the headlines coming out of Westminster to try and ascertain whether the Prime Minister has managed to gather the support she needs to get her Brexit deal approved.

In the background, barring surprises, it will be all about the ongoing US-China trade talks, as the American Trade Representative, Robert Lighthizer, and Secretary of the Treasury, Steve Mnuchin, arrive in Beijing for the next round of negotiations.

Interspersed throughout the session will be speeches from five top officials from the Federal Reserve, all of whom wield a vote on policy on this year's Federal Open Market Committee.

They are Randal Quarles (1115 GMT), Richard Clarida (1330 GMT), Michelle Bowman (1400 GMT), John Williams (1715 GMT) and James Bullard (2120 GMT).

MITIE is among the few companies scheduled to update financial markets on Thursday.

Numis analyst James Beard estimates the outsourcer will post fiscal year 2019 profits before tax of £67.8m, despite a non-cash boost to its bottom line after accounting for IFRS 15, as a result of the tough trading conditions in the UK.

That would put it 8% below the analyst consensus.

Key to his estimates, Beard said competitive pressures likely largely offset the cost savings from the company's Project Helix transformation.

On 8.5 times his estimates for the company's fiscal 2019 earnings, the shares were not "expensive", he added, but given the likely continuation of competitive pressures and MITIE's leveraged balance sheet, he retained a "cautious" stance towards them.

Friday March 29

INTERIMS

CVS Group

INTERIM DIVIDEND PAYMENT DATE

Draper Esprit VCT, Evraz, Jupiter Green Inv Trust, Mattioli Woods, Mid Wynd International Inv Trust

QUARTERLY PAYMENT DATE

Aberdeen Diversified Income and Growth Trust , BP, Diversified Gas & Oil, Honeycomb Investment Trust, NextEnergy Solar Fund Limited Red, Premier Global Infrastructure Trust, Real Estate Credit Investments Ltd, RM Secured Direct Lending, SQN Asset Finance Income Fund Limited, SQN Asset Finance Income Fund Limited 'C Shares', SQN Secured Income Fund , The Renewables Infrastructure Group Limited, UIL Limited (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Climate Indicator (EU) (10:00)

Chicago PMI (US) (13:45)

Consumer Confidence (EU) (10:00)

Economic Sentiment Indicator (EU) (10:00)

Import Price Index (GER) (07:00)

Industrial Confidence (EU) (10:00)

New Homes Sales (US) (14:00)

Personal Consumption Expenditures (US) (12:30)

Personal Spending (US) (12:30)

Retail Sales (GER) (07:00)

Services Confidence (EU) (10:00)

U. of Michigan Confidence (US) (14:00)

Unemployment Rate (GER) (08:55)

GMS

Akers Biosciences, Inc.

FINALS

Cathay International Holdings Ltd., Chesnara, GAN, Public Joint Stock Company Rosseti GDR (Each REPR 200 ORD) Reg S

ANNUAL REPORT

Cathay International Holdings Ltd., Tern

SPECIAL DIVIDEND PAYMENT DATE

BioPharma Credit , Persimmon, Thinksmart Limited (DI)

EGMS

Globalworth Real Estate Investments Limited

AGMS

Angus Energy , Autins Group, Blue Star Capital, IDOX, IRF European Finance Investments Ltd (DI), Local Shopping REIT, Micro Focus International, St. Modwen Properties

UK ECONOMIC ANNOUNCEMENTS

Current Account (09:30)

M4 Money Supply (09:30)

Unemployment Rate (GER) (08:55)

FINAL DIVIDEND PAYMENT DATE

Chrysalis VCT, Imperial Brands , LPA Group, SSP Group , Temple Bar Inv Trust, Tritax Eurobox (EUR), Tritax Eurobox (GBP)

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Mitie Group Market Data

Currency UK Pounds
Share Price 121.40p
Change Today 0.40p
% Change 0.33 %
52 Week High 121.80p
52 Week Low 88.90p
Volume 5,563,069
Shares Issued 1,331.39m
Market Cap £1,616.30m
RiskGrade 216

Mitie Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.96% below the market average71.96% below the market average71.96% below the market average71.96% below the market average71.96% below the market average
64.84% below the sector average64.84% below the sector average64.84% below the sector average64.84% below the sector average64.84% below the sector average
Price Trend
82.05% above the market average82.05% above the market average82.05% above the market average82.05% above the market average82.05% above the market average
61.62% above the sector average61.62% above the sector average61.62% above the sector average61.62% above the sector average61.62% above the sector average
Income
12.48% above the market average12.48% above the market average12.48% above the market average12.48% above the market average12.48% above the market average
9.38% above the sector average9.38% above the sector average9.38% above the sector average9.38% above the sector average9.38% above the sector average
Growth
88.86% above the market average88.86% above the market average88.86% above the market average88.86% above the market average88.86% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Mitie Group Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Dec-23 22-Jun-23
Paid 31-Jan-24 04-Aug-23
Amount 1.00p 2.20p

Trades for 17-May-2024

Time Volume / Share Price
15:16 2,347,000 @ 120.80p
15:06 2,347,000 @ 120.80p
16:35 320,623 @ 121.40p
16:35 1,302 @ 121.40p
16:35 3,112 @ 121.40p

Mitie Group Key Personnel

CEO Phillip Bentley

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