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MITIE Group – FCA investigation, more questions for Tory Baroness Ruby McGregor-Smith

2017-08-30 00:40:37

Previously on this website regarding MITIE Group (MTO) we noted a Financial Reporting Council investigation, now there’s a “Financial Conduct Authority Notification”


New Bulletin Board Moron of the week PRIZE contest graciously sponsored by shamed Tory Baroness Ruby McGregor Smith of MITIE infamy

2017-07-31 03:53:24

To help publicise the Financial Reporting Council's investigation into the accounts of outsourcers Mitie Group (MTO), its former CEO, enobled by Call Me Dave Cameron, has graciously - we assume - sponsored this week's bulletin board moron competition. 


FRC looks into Mitie and auditors Deloitte - will Tory Baroness Ruby McGregor Smith lose her Peerage? An acid test for the politically correct...

2017-07-31 01:04:26

The Financial Reporting Council has announced that it has opened a formal investigation into the accounts of outsourcing group Mitie Group (MTO) for the years to March 31st 2015 and 2016. Mitie is in the spotlight and auditors Deloitte will also be investigated. So what has Baroness Ruby got to say about this?


Mitie Is No Mouse at Cost Cutting and Finding New Customers

2017-06-23 00:14:32

Hello Share Seekers. Times have not been pucker for firms which claw a lot of business from local councils and other organisations. Government cuts have caused so many local authorities to cut back on their awards of business to outside contractors. Mitie (MTO) is one such firm.


Mitie – shares up on “Trading update” announcement. Positive news then? Er…

2017-05-03 05:40:30

Shares in Mitie Group (MTO) currently trade circa 4% higher on the day, at around 220p, on the back of a “Trading update” announcement. Good news from this “facilities management, connected workspace and professional services business” then. Er…


Mitie - these Politically Correct Nazis do not do irony

2017-04-02 09:13:54

I read in the Sunday Times that the PC Nazis are on the warpath against the ten remaining FTSE 350 companies that have had the decency not to appoint a woman to the board. They will either do as they or told or the PC fascists will be voting out existing directors on this one principle.


Mitie Warns Again - A compelling Sell.

2017-01-22 04:38:17

I predicted in November that Mitie (MTO) would soon be issuing its third profit warning and that new boss Phil Bentley had every incentive to clear the decks and start afresh, demystifying the opaque balance sheet bequeathed to him by his prickly and defenestrated predecessor Ruby McGregor-Smith.


Mitie Group is poised to go much lower

2016-11-26 02:59:51

There are few shrewder analysts of the Business Services sector than Matthew Earl, the man who called the demise of Connaught way before the herd, and more recently questioned the value of Mitie (MTO), suggesting a profits warning was on the way.


The Dark Destroyer, Matt Earl warns Mitie shares to crash below 100p

2016-11-22 02:08:40

Following yesterday's grim results from Mitie (MTO), the bear raider Matt Earl says that he went short at 210p last week and added to that short at 189p expecting the shares to halve or worse from here.


Mitie - Evil Knievil's biggest short and why he's excited ahead of Monday

2015-05-15 04:58:28

Mitie (MTO) is now the biggest short position of The UK's second best known bear raider (after Lucian Miers, natch) Evil Knievil and the fat man says that he is expecting a big win on Monday.


Table of most shorted shares in London - 10/04/2015

2015-04-20 03:59:40

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the most shorted shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE.


My Mitie concerns

2015-01-13 04:33:07

I received a call from the Varlet on Monday last, enquiring about Mitie (MTO), the facilities, property and energy services provider. Mitie is capitalised at close to £1 billion. Varlet quizzed me on whether I reckon it worthy of a short sale.

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