Mitie Group (MTO)

Sector:

Support

Index:

FTSE 250

120.20p
   
  • Change Today:
      1.20p
  • 52 Week High: 122.32
  • 52 Week Low: 88.90
  • Currency: UK Pounds
  • Shares Issued: 1,332.37m
  • Volume: 739,459
  • Market Cap: £1,601.51m
  • RiskGrade: 216

Mitie slumps as Alchemy sells 40m shares in placing

By Michele Maatouk

Date: Wednesday 24 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Mitie shares slumped on Wednesday after investment fund Alchemy sold 40m shares in the outsourcing and energy services company in a placing.
The shares were sold by way of any accelerated bookbuild to institutional investors at 112p each, raising gross proceeds of about £44.8m.

Following completion of the placing, Alchemy will hold just over 31m shares in Mitie, which is a stake of around 2.33%.

Peel Hunt acted as sole global co-ordinator and bookrunner in connection with the placing.

At 0850 BST, the shares were down 4.2% at 115p.

Email this article to a friend

or share it with one of these popular networks:


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 120.20p
Change Today 1.20p
% Change 1.01 %
52 Week High 122.32
52 Week Low 88.90
Volume 739,459
Shares Issued 1,332.37m
Market Cap £1,601.51m
RiskGrade 216

Mitie Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.11% below the market average72.11% below the market average72.11% below the market average72.11% below the market average72.11% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Price Trend
84.45% above the market average84.45% above the market average84.45% above the market average84.45% above the market average84.45% above the market average
66.00% above the sector average66.00% above the sector average66.00% above the sector average66.00% above the sector average66.00% above the sector average
Income
10.66% above the market average10.66% above the market average10.66% above the market average10.66% above the market average10.66% above the market average
15.62% above the sector average15.62% above the sector average15.62% above the sector average15.62% above the sector average15.62% above the sector average
Growth
88.77% above the market average88.77% above the market average88.77% above the market average88.77% above the market average88.77% above the market average
79.80% above the sector average79.80% above the sector average79.80% above the sector average79.80% above the sector average79.80% 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 08-May-2024

Time Volume / Share Price
14:51 3,431 @ 120.20p
14:51 1,796 @ 120.20p
14:51 1,782 @ 120.20p
14:51 1,888 @ 120.20p
14:47 3,000 @ 120.20p

Mitie Group Key Personnel

CEO Phillip Bentley

Top of Page