Mitie disappointment or Mitie dividend potential? | Value Investing News

Mitie disappointment or Mitie dividend potential?

  • Mitie Group is the UK’s largest facilities management (FM) company and it joined my personal portfolio and the UK Value Investor model portfolio way back in 2011.
  • In layman’s terms, Mitie provides corporate and government clients with outsourced services (mostly property-related such as maintenance, security and cleaning) so that its clients can focus on their core activities rather than non-core activities like fixing a boiler or cutting the grass.
  • When I bought Mitie in 2011, it had a long track record of impressive and steady growth, and that’s largely why I invested (my investment criteria are now much more demanding).
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