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Interserve ( Mitie)

For discussion of the practicalities of setting up and operating income-portfolios which follow the HYP Group Guidelines. READ Guidelines before posting
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monabri
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Interserve ( Mitie)

#321362

Postby monabri » June 25th, 2020, 12:56 pm

IRV being a former HYP share..until it wasn't.

"Proposed £271 million[1] acquisition of Interserve Facilities Management to enhance Mitie's position as a leading UK facilities management company"


o For the year ended 31 December 2019, Interserve Facilities Management's revenue was £1,369 million, its operating profit was £38 million and its EBITDA[2] was £43 million


https://www.investegate.co.uk/mitie-gro ... 02070525R/

Not that long ago Interserve had a market capitalisation of £60m. Now Mitie are paying £271m for one part of the company.

Ever think you've been tangoed?

Arborbridge
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Re: Interserve ( Mitie)

#321368

Postby Arborbridge » June 25th, 2020, 1:11 pm

monabri wrote:IRV being a former HYP share..until it wasn't.

"Proposed £271 million[1] acquisition of Interserve Facilities Management to enhance Mitie's position as a leading UK facilities management company"


o For the year ended 31 December 2019, Interserve Facilities Management's revenue was £1,369 million, its operating profit was £38 million and its EBITDA[2] was £43 million


https://www.investegate.co.uk/mitie-gro ... 02070525R/

Not that long ago Interserve had a market capitalisation of £60m. Now Mitie are paying £271m for one part of the company.

Ever think you've been tangoed?



Not arf!

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Re: Interserve ( Mitie)

#321496

Postby ReformedCharacter » June 25th, 2020, 6:13 pm

Arborbridge wrote:
monabri wrote:IRV being a former HYP share..until it wasn't.

"Proposed £271 million[1] acquisition of Interserve Facilities Management to enhance Mitie's position as a leading UK facilities management company"


o For the year ended 31 December 2019, Interserve Facilities Management's revenue was £1,369 million, its operating profit was £38 million and its EBITDA[2] was £43 million


https://www.investegate.co.uk/mitie-gro ... 02070525R/

Not that long ago Interserve had a market capitalisation of £60m. Now Mitie are paying £271m for one part of the company.

Ever think you've been tangoed?


Not arf!

Mitie are welcome to them. Interserve managed to get ransomware attacked about a month ago and the problems seem still unresolved. They're now sending email from joeblogsINTERSERVE@yahoo.com. :lol: Their facilities management - from what I have seen - is a (bad) joke.

RC


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