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CLLN Carillion Plc

14.20
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Carillion Plc LSE:CLLN London Ordinary Share GB0007365546 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 14.20 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Carillion Share Discussion Threads

Showing 3976 to 4000 of 12450 messages
Chat Pages: Latest  162  161  160  159  158  157  156  155  154  153  152  151  Older
DateSubjectAuthorDiscuss
06/1/2017
16:18
That applies to most of the FTSE250 companies !
jaf1948
06/1/2017
15:32
It's heavily in debt and has a massive pension deficit.
rcturner2
06/1/2017
15:15
I don't get the brokers recent evaluation of this company. It's a respected multi billion pound company with a strong certified pipeline. Future valuations are lower but don't account for New income streams and the dividend is 7%Ok this may get cut but I doubt it.I have done my normal thing and read the financial reports from the company and bought ignoring the brokers.Builders and industrials are getting stronger
ch1ck
05/1/2017
18:56
"Dubai World Trade Centre has awarded a £160 million (Dh721.4m) construction contract to build a new phase of its One Central mixed-use development to Al Futtaim Carillion."
mirandaj
05/1/2017
16:51
From The Times markets report today:

______________________________

Carillion strikes gold in Dubai
The least-fancied company on the London Stock Exchange, by one measure at least, sought to convince sceptics of its prospects with a £160 million deal in Dubai.

Carillion, the support services company and the market’s most heavily shorted stock, secured the deal through a joint venture to build the latest phase of a property development in the United Arab Emirates.

Dubai World Trade Centre has awarded Al Futtaim Carillion the contract in Dubai’s business district, which will begin this month and is scheduled to complete at the end of 2018. The third phase of the One Central development, located between the Dubai International Convention and Exhibition Centre and Emirates Towers, takes the overall value of AFC’s contracts to £400 million.

Shares in its FTSE 250 parent company have fallen by more than a fifth over the past 12 months, rewarding short-sellers that have bet against the company. There are 16 investors holding a combined 21.26 per cent short position, according to regulatory figures.

Investors seemingly were unimpressed, marking the shares down 3p to 235¼p

grahamburn
05/1/2017
16:24
Some of the shorts will be delta hedging the convertible bond so amount of shorts taking a directional bet on the share price will be lower than the total shorts reported.
dangersimpson2
05/1/2017
13:18
RC -You could be right.
kcsham
05/1/2017
11:27
If you look at the convertible debt, for example, this is due for renewal in 2019 and they only pay 2% on that bond. I wonder if part of the shorting attack is around whether CLLN will struggle to renew their debt at the current terms and this is what will eventually hit them.
rcturner2
05/1/2017
11:24
RC - You are right that Carillion has a huge debt, in fact I believe it is much more than £500 million. Is it all in the price? It will be a matter of opinion. I afraid I am not qualified to comment.
kcsham
05/1/2017
09:11
Thanks again, for all the helpful comments. MU
m4rtinu
05/1/2017
07:57
kcsham, they have over £500m of net borrowing

spoole, conversion price is 399p I believe

rcturner2
05/1/2017
07:34
RCTurner2,

Sorry - unfortunate typo in my 20:59 post yesterday. I wrote 'failing' when I meant to say 'falling'.

jaf1948
04/1/2017
23:03
RC - I won't say I know the bond price of Carillion inside out. However, I am sure the link below will give you a pretty good idea about it. http://cbonds.com/emissions/issue/100729I worked in the construction and design profession for my whole working life and seldom invested in a construction company. Two members of my family had been working for Carillion for a year or two. So, I know Carillion is running by a competent management team. I am attracted to the pretty solid development of the company in the past years, the recent depressed share price (thanks to the shorters). and steadily growing high yield. I jumped in twice recently to buy 2 lots of Carillion shares at a similar price of around 231.2 (I did not wait for the support line price of 220 as most people believe). I am a investor and not a trader, I generally hold good shares for few months to few years and often have a reasonable returns for my investment.I don't believe Carillion's share price will shoot up overnight but I believe it will recover shortly in the next few months or a year. One day the shorters will get what they deserved and leave. It is all IMHO.
kcsham
04/1/2017
22:18
Aren't the bonds convertible and at a much higher price than the current sp?
spoole5
04/1/2017
22:12
CLLN does not have to fail for the shorters to make money. They are betting on some at present not understood bad news hitting the share price hard. Shorters do not win every time, but they are always make me nervous as they win often enough for it to be dangerous to go against them. Remember they know far more than the average investor who holds 5000 shares in an ISA. I strongly suspect that the shorting is around the pension deficit and debt situation. For example, I would be willing to bet that no one on this thread knows the current bond prices for CLLN, whereas you can be sure the shorters know the bond position inside out.
rcturner2
04/1/2017
20:59
m4rtinu,

My own view FWIW, is that Carillion is a sound company with a good future, hence my small but significant investment here. The shenanigans going on in the background, especially with the shorts, is beyond my economic understanding, or, to put it another way, I see it simply as a gamble that some people have made on CLLN failing, no more, no less than a gamble. I too cannot remember the dates of the CLNs but assuming you are right, a lot can happen between now and December 2019 !

jaf1948
04/1/2017
20:30
Thanks JAF very useful link I didn't know about the access to short positions from the FCA site IE
investoree
04/1/2017
20:05
Thanks, again - JAF. Do you have / have you expressed a view re the CLNs issued just over 2 years ago and the shorting? These CLNs run til Dec 2019 (from memory). MU
m4rtinu
04/1/2017
16:47
I am no expert myself so I cannot really answer your actual question, but if you look at the Financial Conduct Authority website (fca.org.uk) it gives you all the shorts of which they are aware every evening. Currently, 21.62% of all CLLN shares are being shorted, which gives people many incentives to keep the price low.

One of two things is going to happen with this share. Either 1) the company will continue to post good results and the shorters will get very burnt if investors start valuing this company correctly, or 2) the shorters will continue to depress the price and make a lot of money, and proper investors will lose out.

I hope 1) will happen, but I am old enough to have seen 2) happen too often, hence I only have a reasonably small exposure to CLLN.

jaf1948
04/1/2017
16:37
Thanks - JAF. I'm not well versed in "institutional" shorting. Am I right in assuming that they close and open new positions at new share price levels? Rather than continually adding to existing positions; which I guess wouldn't be shorting at all!
m4rtinu
04/1/2017
16:09
Every half hour or so, there is a co-ordinated sell of 6-8 small lots which, if I didn't know better, would assume is an attempt to manipulate the market and keep the price low for the shorters.
jaf1948
04/1/2017
15:39
Are the hedge funds (mostly US as I understand it) taking out further, new short positions?

As you said Spoole, the market responds in the usual fashion. RNS of new contract; share price down.

m4rtinu
04/1/2017
08:39
May be of interest re pension deficit.
m4rtinu
04/1/2017
08:16
Lets hope it rises after the first hour volatility.
m4rtinu
04/1/2017
08:12
The market responds in the usual fashion!
spoole5
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