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/

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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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.

Wonder if he's closed his short on HFD or MTC? About to go on nights so wont see his update till morn. Let me know if you don't mind GF, site banned at work they think it's a porn site :O)

ARW is his main tip, just bought some new issue.

the rest.....

And that's new issue Arrow Global (ARW)

I bought some at 221.3 around the same price as it is as I write this piece.

It's a debt collector and for the forseeable future you would reckon its services are going to be in some demand.

I like it, it seems to be growing fast. A 55% rise in revenues for the 6 months to June 30th bode very well indeed and if it can push on the current valuation has some decent upside to it I think.

I'd be surprised if there wasn't 25% upside from here in the next 6 months, maybe more.

Of course Royal Mail provided a lot more instant upside than that but at least I can buy as much Arrow as I like!

An interesting one is Dillistone (DSG) . Upside: It's growing by buying other companies, raising its dividends and has no debt. It's in the recruitment software market but not affected by its up and down cycle. It pays a dividend of around 4%.

Downside: It's AIM and quite small still, so have to be careful with liquidity, in other words not buying too many so easy to get out if it goes wrong. And a director sold 20,000 shares recently, though he does still hold nearly a million!

But with profits growing the market cap for DSG looks too small and I think there is a potential 50% upside with some patience.

So now I can hold AIM shares in my Isa, I have tucked these away, forget about them and hope the growth comes into play. If it does, some nice upside. I got 3,000 yesterday at 99.9.

Got a £30 spreadbet on too, hard to find a firm that does prices on the very small companies but this company does: http://www.spreadex.com/nakedtrader

It does spreads on smaller ones other companies don't so worth having an account for that, been using it for a while and very happy so far.They're also offering a mini Ipad or something - read through conditions and all that as I would guess you'd have to make a trade or two to get it.

Unusually I made a fair few quid on a daytrade! SDL issued a profits warning so I went in for a bounce and got nearly a grand profit as it bounced back up. I took the profit and ran for it!

After taking nearly £45,000 of long term profits over the last few weeks I have slowed down on the profit taking now!

I sold a little Al Noor at 822 - It is a long-term trade but I just cut a little off the top to bank a bit of the excellent profit so far, for web purposes for a profit is £2,370.

I cut the Blinkx short at 147 for a profit of £240. Level 2 showed buyers building up. However if it continues to bash up against 155-156 without going through I'll probably try the trade again.

The Halfords short went at 372 for a profit of £370. And Mothercare went down nicely and moved into a good profit so I moved the stop to breakeven. However it went back up and so no profit made in the end.

All that leads to a profit banked for the site this week of £2,980.

ELSEWHERE

A nice rise for my last trade Accumuli, about a 25% profit so far but happy to hold onto this trade for a lot longer as I think there is further upside to come in time.

Fusionex does its thing of getting to a price and then staying there for a while, fine by me, in nice profit and hoping for an eventual uplift - when it moves it can suddenly move a lot higher quickly out of nowhere.

After the strong statement from Telecom Plus- a sigificant uplift in customers and a rosy future remains - it has moved up to near all time highs.

I still have well over £400 grands worth - most of which is profit. I think the meantime the shares should gradually rise over the years an the dividend keeps on going up providing a very decent income for me.

32 Red has had a brilliant week - up a good ten per cent and it looks like my original buy is going to be a doubler.

Kentz has been rising again. Perhaps the fact the big didn't go through is good news as in time a new bidder might have to pay an awful lot more.

Renew and Parity have both had good weeks rising strongly and Regeneris hs been showing some good gains too.

Porvair has shown signs of life and has boomed up from 230 ish to 260ish this week.

Riskier oil buy Caracal looks like it wants to get up and over 500p but it's not sure but still a nice rise for now.

Conviviality and Cohort appear a bit stuck and might need time to get an rerating. Conviviality is showing some signs of heading higher though.

The future continues to looks very bright for Vectura (VEC) which last week reported approval for another of its drugs. Looks like it might not be long now till I doubled up on the first buy. Massive profits now.

Entertainment One has had a nice run higher this week as has Communisis which got tipped somewhere apparently.

Long-termer Filtronic recently reported everything is on track. It doesn't move much as the market is waiting to see how 4G goes. But happy as doubled and quadrupled on it so far.

Hellerman Tyton remains stable - The first lot bought when it listed around 195 are doing nicely so far as it pushes 250 Keep thinking about taking profits in Hellerman but it keeps pushing up.

GB continues to push up and this one has more or less become a doubler for me. Some nice rises this last few days.

I'm happy I've spent the last month banking some major profits in some of the longer-term ones, it seems sensible.

The Halfords short went at 372 for a profit of £370. And Mothercare went down nicely and moved into a good profit so I moved the stop to breakeven. However it went back up and so no profit made in the end.