From the Blue Index blog

All-MITIE

May 18th, 2009

Further evidence emerged today of how companies are outsourcing to save money. Building services group MITIE Group (MTO) reported a 12 percent hike in annual pre-tax profits to GBP75.9m, on revenues ahead 8.2 percent to GBP1.5bn. Additionally, MITIEs forward order book increased to GBP4.9bn from GBP4.4bn last time, and the group are benefiting from a sustained level of outsourcing as contracts become larger and longer term. Looking forward, the company also said it is extremely well positioned for acquisitions and buying up companies which fit the existing business.

Analysts are very positive over the results, remarking the results are strong, with high visibility and positive outlook resulting from MITIE clients increasing outsourcing to improve efficiency and to cut costs.

If like me you have tracked the share price performance of companies providing outsourcing during the downturn, such as Compass Group (CPG) and Capita (CPI), youll find that almost without exception, these companies are very positive in outlook, with clear revenue visibilities.

Full transcript here
http://blog.blueindex.co.uk/2009/05/all-mitie/

Post 108 - the Clash.

Cheers skinny not my era :O)

@1980/1 - I was in my twenties.

Gees, didn't realise it was that old, I was 28.

Its definitely there or there abouts.

3 month high today. Interim next Monday 12th.

Gone short ahead of Interim Monday @ 276.5 target 260.0 stop 286.5

MITIE Group makes positive start to the year

StockMarketWire.com

Outsourcing company MITIE Group said it has made a positive start to the year. The group said it is well placed to achieve good levels of organic growth in the current financial year, particularly in the facilities management division, in line with management's expectations.

At 30th June 2013, 89% of budgeted revenues for this financial year had already been secured (2012: 87%).

MITIE continues to see good opportunities across its markets. The integration of Enara is progressing to plan and the business has been rebranded to MiHomecare. The investments made in integrated facilities management capabilities will deliver further growth, underpinned by the record order book and significant pipeline of sales opportunities.

In the private sector the sales pipeline remains. MITIE has been awarded a contract with Mitchells & Butlers, the leading operator of restaurants and pubs in the UK, to deliver waste management, cleaning and environmental services, for a total value of £38m over three years. It has also been awarded a number of contracts with values ranging between £5m and £10m over three years. These include: BAE Systems, providing total security management; Cineworld, cleaning cinemas in the South of England and the London head office; Kellogg's, providing facilities management and project support services at its head offices and manufacturing plant; and Capital One where MITIE retained a technical FM contract.

The group has seen some new contract awards in the healthcare sector through MiHomecare, including a Continuing Healthcare programme in Leicestershire worth £2.5m over five years.

Supporting growth opportunities

On 5th July, the group announced an investment of £1.2m in two 'MITIE Model' businesses. MITIE's existing waste management business will be set up as a stand-alone company, MITIE Waste and Environmental Services Limited. The management team will take an equity stake in the business, motivating them to grow the business and share in its future success. In addition, the group has established MITIE's latest start-up business, MITIE Local Services Limited, which will provide cleaning services to small to medium size clients in the London area.

Financial position

There has been no material change in the group's financial position since 31st March 2013.

Our strong balance sheet continues to provide the capacity for the development of the business and for further value creating acquisitions should they arise, particularly in niche markets within the healthcare and energy sectors.

Outlook

The financial year has started well, with a strong pipeline of sales opportunities.



Story provided by StockMarketWire.com

Stop to entry for risk free trade.

Seen this film before, sitting on my hands for now re-spreads, could go either way.

12 months on in exactly the same position, half year report 18th November can it crack 300p and break out. Or will history repeat and stays in same range?

Got to give it a shot went long this aft spread bet (December) @ 290.0 tight stop.

On a down day encouraging so far, but not holding my breath. At least volume is improving together with lower indicators.

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Deltastream

Nice rise today. Stop to entry.

Looking pretty good here Chris.

Was one of the first out of my system.

Not far off breaking out.

Stop to 300.0 to lock in + 10

Nice one Chris.

Cheers GF, fingers crossed closes above 310.0. Target 330.0

330 right ill put that on notes on stock watch.

Do use the notes box?.

Hey just remembered Robby Burns diary any minute now on naked trader Chris.