Carillion Share Discussion Threads

[w1ndjammer] 16/2/2017 12:52

bookbroker you can only go on past results, and CLLN have not dropped the ball
even through the financial crash.

WJ.

[wllmherk] 16/2/2017 11:44

my buy order at 215p filled today, now my 4th biggest holding. Average price now 232p.


wllm

[m4rtinu] 16/2/2017 10:52

kc - thanks for link. Not that clear who to contact from their website but have tried.

[shroder] 16/2/2017 10:28

But that's not the total, only those declared above 0.5% threshold, between 0.2% - 0.5% are notified but not public.

edit: the ave number recorded in Crest for Jan:

GB0007365546

CARILLION ORD 50P

28.13%

[kcsham] 16/2/2017 10:13

Shorting is now down on record to 22.89%.

[kcsham] 16/2/2017 09:59

MU - try this web address:Europes/UK's regulations on short selling are much more relax than those used in the USA.

[m4rtinu] 16/2/2017 09:34

I realise shorting is permissible but would any authority LSE or FCA have a remit to investigate/ monitor CLLN's (and others') shorting situation?

Thanks. MU

[speedsgh] 16/2/2017 09:23

The above article makes no reference to the reasons behind the delays experienced so it is impossible to tell whether it is due to the contractor (Carillion), changes in the scope of works during the project or something else. The final paragraph would suggest that Carillion feel the additional cost is not as a result of their actions.

[speedsgh] 16/2/2017 09:17

Contractors Carillion miss yet another deadline to complete Taunton's Northern Inner Distributor Road -

THE company building a £22 million relief road in Taunton has missed yet another deadline.

Carillion had promised to complete the Northern Inner Distributor Road by mid-February, which it has failed to achieve.

It is the latest in a catalogue of missed finish dates for the NIDR, which was originally due to open to traffic almost two years ago.

The mile-long road will run from Staplegrove Road at its junction with Chip Lane across the disused rail bridge over Station Road to Priory Avenue.

A spokesman for Somerset County Council said: “We are extremely disappointed that Carillion have not finished work by mid-February as previously advised.

"Once they have finished there then has to be a time for checking and fixing defects.

"Until the checking has been done it is difficult to give a firm date for opening.

"Progress continues to be made on site and we will keep the pressure on Carillion to see the works finished and road open as quickly as possible.”

The reason for the hold ups has not been made public and Somerset County Council will only inform individual councillors if they sign a gagging order agreeing not to repeat the information in public.

Carillion and the council are arguing over the final bill for the scheme, with the contractor believed to have demanded several million pounds more than the original bill, with the county refusing to pay up.

[kcsham] 16/2/2017 09:13

'You only have to look at the pattern of trades this morning to see how the share price is being (legally) manipulated. There are bursts of small sells (sometimes 4 or 5 in the same second) which bring the price down every time it looks to be going up.'JAP - the above is a statement that you posted yesterday.Now, I notice in past 2 days that the same trade pattern applies to the buying side as well.Is there some parties helping the shorters to dig their holes deeper or decide to bury them. Beware, shorters!

[edmundshaw] 16/2/2017 09:03

Isn't there some proverb about digging when you are in a hole?

I have a good holding in these but have not gone the full Monty. If results are good (and they were projected to be - worth having a re-read of the last trading statement if unsure), I will be adding further and expecting some very interesting reactions in the market... Less that two weeks now to wait!

[shroder] 16/2/2017 08:49

The actual stock on loan via Crest is nudging 30%, theoretically, this is the amount ear marked for short selling.

[kcsham] 16/2/2017 08:42

The price of Carillion share is now at 5-year low. Unbelievable! Shorters, keep digging until you cannot throw any more spoil out of your hole.

[kcsham] 16/2/2017 08:26

Sorry the above is for pogue

[kcsham] 16/2/2017 08:24

Ophir - I believe you are right that the shorters are digging their holes too deep and get stuck. However, the day that proves they are correct may never come. While we, as holders, could sitting, awaiting and collecting our dividends, the shorters are continue to pay for their shorting bet day by day and everyday.The shorters could force down the price and take some profit, but there will be a limit and I believe the lower limit is very close if not already reached.

[spoole5] 16/2/2017 08:14

Good results haven't persuaded them to leave yet, they just keep chipping away thus creating doubt which hangs over the company.

[jaf1948] 16/2/2017 08:09

There's no point doing anything now until the March 1st results. If they are good, some of the shorters may leave and the share price may start to rise. If they are bad, the share price is unlikely to fall much more so then decide whether to stay in or not.

[spoole5] 16/2/2017 08:08

Seems to be no end to the negativity from brokers and shorters. Puts off prospective buyers and achieves it's goal. Need strong results to stop 2 quid now.

[pogue] 16/2/2017 07:28

Here's a couple of thoughts that keep going round in my head.
1. Shorters are like a stopped clock and eventually will be correct as no company has a perfect record as long as they keep shorting they can just wait until one day they are proved right.
2. The shorters are in too deep to actually get out without the price rising rapidly so are stuck and have to keep going so that they will one day be proved right. See point 1.

[philanderer] 16/2/2017 00:03

kc, It`s a weird statement in that market report. Canaccord say CLLN was a sell at the open price of 223p but no target is mentioned.

So to answer your question , I honestly don't know.

CLLN has been on my watchlist seemingly forever :-)

[kcsham] 15/2/2017 21:12

philanderer - does it mean all the negatives are in the price of 218? It is a big relief!

[philanderer] 15/2/2017 20:54

Market report:

...Carillion also found itself among the mid-cap fallers after Canaccord Genuity began covering the stock with a “sell” rating as it believes the stock is “potentially oversold in the near term and lacks a clear, identifiable strategy”. Shares were off by 5.1p at 218p by close.

In a sector wide note on UK contractors, Canaccord issued a “buy” rating on Balfour Beatty and Costain, sending shares 4.9p and 4p higher, respectively.

[kcsham] 15/2/2017 18:20

My buy orders on Carillion were filled today. I am totally committed and it is 23% of my total investment. I am sitting and awaiting, in the mean time, collecting my dividends as it comes

[kcsham] 15/2/2017 18:13

JAP - I agree with you again, Shorters are only a group of organised gamblers and they use other people's money to bet. In fact they are not just annoying, they were one of those groups caused the 2008 world wide economic melt down.

[spoole5] 15/2/2017 17:58

Even if the results and outlook are ok there is nothing to stop the shorters continuing their attacks that results in investors continuing to avoid the company because they think they know something, thus further forcing down the price.