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
  -5.70p -2.91% 189.90p 189.60p 189.90p 195.70p 189.20p 195.50p 3,025,446 16:29:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 5,214.2 146.7 28.9 6.6 817.05

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Date Time Title Posts
27/6/201723:13Carillion - Charts & News5,064

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Carillion (CLLN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-06-27 16:01:24191.2821,72141,548.46NT
2017-06-27 16:01:23193.773,5476,872.85NT
2017-06-27 16:01:23190.922,9215,576.81NT
2017-06-27 15:49:04190.305,75610,953.45NT
2017-06-27 15:49:04190.291,3872,639.38NT
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Carillion Daily Update: Carillion Plc is listed in the Construction & Materials sector of the London Stock Exchange with ticker CLLN. The last closing price for Carillion was 195.60p.
Carillion Plc has a 4 week average price of 189.20p and a 12 week average price of 189.20p.
The 1 year high share price is 301.40p while the 1 year low share price is currently 189.20p.
There are currently 430,254,629 shares in issue and the average daily traded volume is 2,039,817 shares. The market capitalisation of Carillion Plc is £817,053,540.47.
yump: Re: earlier point: There are plenty of rising prices in smaller stocks and some obvious larger stocks where the valuation is way in excess of any business performance. So if a share price is rising, you'd assume the business is doing well, but plenty of the time its not (eg. small tech. stocks) and certainly not enough to justify the valuation. However, its ramping with short stock supply and heavy buying and index-buying that does it and sometimes buying when its the only stock of its type in town. In contrast if a share price is falling you'd assume its doing badly or consistently badly if it keeps falling. However shorting can do that just as much as selling, neither of which necessarily values the business in what you would call a reasonable or balanced way. So assumptions about rising and falling share prices reflecting a business are very general. The only insurance imo is not to buy on a stock that has had an irrational rise for some time and not to sell on one that has done the opposite. Of course sod's law will appear on some occasions and your portfolio takes a hit, or you miss lots of bonus profit.
haywards26: The relevance of the daily share price is only really of relevance to short term investors. Long term investors, should switch the daily share price data off, focus on the company news and await value. Patience... Mentally all investors fear a falling share price when holding, and conversely feel joy with a rising share price. In reality a share price is what Mr Market will let you buy or sell shares at any given time. It is not the real value of the company.
edmundshaw: Wally, When IRV shelved the dividend it was because of a horrendous contract that went from bad to worse as subcontractors failed. And yes the share price halved (at least) on the back of that. Mitie has also shelved their dividend. Where is the share price there now? It has bounced from lows of 190p to now 300p. You cannot equate dividend cuts with price action. Another example off the top of my head, Aviva cut their dividend back in 2013 when the share price was around 300p - from 26p in 2012 to 14.6p for 2013. The story there is a bit complicated - a change of management in particular - but the price has since recovered to 536p. So investors there have enjoyed perfectly decent yield and excellent capital gains to boot from 2013; the current divi is back up to nearly 24p and set to rise further. For balance I should say there are certainly cases where the dividend has been reduced due to poor performance that doen't look like turning around afterwards to get that profitable recovery. But I don't see any reasons (similarities with other poor performers) to expect that to be the case with Carillion. When the dividend gets overstretched, sooner or later a rebasing is on the cards. But that does not predict either future profitability or demise.
pjt105: Getting nearer to shorts closing ipo. from the FT article dated 6 April 2017 that Sux quotes above: 'So how much could the short sellers make? Carillion’s shares are worth £930m, so with net debt of £219m the enterprise value of the group is £1.15bn, or around 4 times estimates for earnings this year, before interest costs, taxes, depreciation and amortisation charges. However, the net debt total is what Carillion reported for the end of 2016, whereas the average figure during the year was much higher. Analysts at UBS argue a more complete total using the average number and other liabilities, such as the pension deficit, is net debt of £1.4bn. Valuing the group on a similar multiple of ebitda as peers, incorporating the more conservative debt figure, implies a share price a fifth or more lower than today’s 218p. UBS suggests a “downside scenario, in which profit margins come under pressure in all divisions” of 60p per share. What are the risks? Even the most brazenly confident short seller must be aware that many things can go wrong. Crowding is one risk: if many short sellers rush to buy stock to close their bets a shareprice can be squeezed rapidly higher. Aryzta shares jumped 11 per cent after the group announced executive departures in February, for instance. Carillion shares have periodically rebounded. Another is a simple improvement in the construction and service industries. If valuations for the whole sector improve, Carillion’s shares could rise regardless of any problems the short sellers believe the company may have'. Still could go either way, but I reckon we're much closer to the bottom price now. UBS worst case scenario would mean a share price of 60p - I think there would be a takeover long before that happened.
kcsham: One of the main reasons for a company turns itself to plc is give itself a better ability to raise loans from the market.A lot "high growth" companies have high debt and use it to fund the rapid expansion of their business. While the size of the debt of company deserves to attract attention, it does not always indicate crisis. What important is how the company to use its debt for and the most important is: "Could the company served its debt comfortably?"For years Carillion has progressively increased its dividend pay out without showing any sign of stress. The company is continuously bringing in profit year after year, but the share price hits its 8 years low. Is this logical and will continue. Make your own judgement.It is obvious that the shorters still trading theirvbet in daily bases and the share price keep on coming down. However, I have noticed that the shorters' trading range getting narrower day after day. As the share price getting such low, how far do the shorters dare to continue to short sell Carillion's at this ever lowest price? Make your own judgement.K C
wallywoo: JAF: I think this Motely fool article sums up the risks for me, but also agree it could have one hell of a short squeeze rally, if the share price turns up, hence watching: "Construction and support services group Carillion (LSE: CLLN) is one such stock which has seen its share price slump and its dividend yield soar. After a 28% fall in its share price over the past 52 weeks, the stock currently yields 8.5%. Carillion is one of the most heavily shorted companies in the FTSE 350 as hedge funds worry about its mounting debt and the uncertainty of its long-term revenues. Although the company continued to deliver steady double-digit revenue growth in 2016, investors seem increasingly sceptical that the company can continue to grow revenues at its current pace and avoid further margin pressure. The company’s balance sheet is not looking too good either, with average net borrowing rising to £586.5m, up from £538.9m in the prior year. And it’s not just the company’s growing debt levels that investors have to worry about. Carillion also has a sizeable pension deficit, which has only gotten worse as bond yields have declined following the Brexit vote last June. In its final results for 2016, the company revealed that the deficit had widened to more than £800m, which is worth nearly 90% of its market cap. As such, Carillion’s long-term dividend outlook seems uncertain. It’s likely that earnings will continue to deteriorate over the next two years, and there isn’t a great deal of financial flexibility given its weak balance sheet."
garycook: Dear Mr Denning, In the best interest of disgruntled shareholder,s would it not be in our interest,if the Board of Director,s of CLLN introduce a Share buy back to improve the dismal performance of the share price due to CLLN being Shorted by around 20% of CLLN stock held on the London stock exchange.This can be done by reducing the dividend to shareholder,s,and purchasing your own shares similar to Berkeley Holdings (BKG) has introduced to success recently.Kind Regards Gary James Cook ( Carillion Shareholder ) This is a copy of the email that I have sent to John Denning head of Investor relations at CLLN.
kcsham: Few could argue that leading integrated support services firm Carillion (LSE: CLLN) has underperformed over the last few years, with earnings in decline and the share price now lingering around eight-year lows. Value investors will no doubt be circling, but I on the other hand can see even greater attractions for income seekers.£1.5bn contract winAt the start of this month, the Wolverhampton-based firm announced that its Carillion telent joint venture had been awarded a three-year contract extension (extendable to five years) to its framework agreement with BT's Openreach division. It has a potential value of up to £1.5bn. The 60:40 joint venture between Carillion and telecoms group telent will provide a wide range of services including the maintenance, extension and repair of the telephone and data network in the North East, Midlands & Wales, South West, and London & North Home Counties regions.The initial three-year extension period runs until the end of 2021 and builds on an existing eight-year relationship between Openreach and Carillion telent, during which time the latter has been Openreach's main delivery partner for the management, maintenance and upgrading of its broadband network. The new agreement could generate up to £900m of revenue over the three years, of which Carillion's 60% share would equate to £540m. The total value of the contract could increase to £1.5bn if the optional two-year extension is invoked.World Trade CentreThe news follows another joint venture win for the firm last month, when the Dubai World Trade Centre awarded a £160m contract to deliver Phase 1A6 of the One Central development in the heart of the city's Central Business District. It seems as though Carillion has started the year on a good footing, winning major contracts with prestigious clients, both at home and abroad.It could of course be argued that winning major international contracts such as these is just business as usual for a £1bn multinational facilities management and construction services company like this, and that's true. But with annual revenues set to break the £5bn threshold in 2017 and pre-tax profits likely to exceed £180m, the shares look undervalued at just 6.6 times forecast earnings.Furthermore, the depressed share price has boosted the already-healthy shareholder payouts which continue to rise with each passing year, and now boast a monster 8.3% yield. With dividend cover at almost two times forecast earnings, there's also plenty of room for future growth.Juicy dividendAnother FTSE 250 firm that likes to reward is shareholders handsomely is Inmarsat (LSE: ISAT). The satellite communication services provider has increased its shareholder payouts without fail since it was first listed on the London Stock Exchange in 2005.The company has struggled to grow its earnings in recent years and the share price has tumbled as a result, earlier this month sinking below 600p for the first time in four years. Inmarsat's shares are trading at a 33% discount to a year ago, boosting the prospective dividend yield to a juicy 6.6%.
kiwihope: Hi pogue, No, the level of shorting seems high, certainly compared to Kier and Interserve who have virtually none. But these things are not linear. They are all to do with investors perceptions of risk, animal spirits and the like, and you can get the camel-straw-back affect where a small change in input can cause a much larger change in output. I am really uncertain about Carillion. Part of me looks at it and thinks, these are the golden opportunities you wait for when unjustified doom and gloom presents bargains. But another part says, are the concerns justified? Comparing Carillion with Kier shows up financial differences but not as much as you would expect by the difference in share price. They seem pretty similar companies. Bothe have sales of £4-4.5bn (CLLN a little higher). CLLN has a bit higher margins giving £235m underlying operating profit (KIE is £150M). And yet CLLN has an EV of only £1.1bn vs £1.5B for KIE. So on that basis you can buy CLLN for 27% less but get 57% more profit. KIE has less debt - it's hard to be sure but roughly KIE pays about £25m in finance costs pa. and CLLN pays about £52m. The difference is 2x but, CLLN makes a bit more profit. But I think it's pretty clear that CLLN has significantly more net debt that KIE. The pension deficit is also hard to weigh up as it depends upon bond yields and CLLN and KIE have different year ends. But looking at what they pay into their pension funds, CLLN pays about 2x what KIE does. I don't know if I'm comparing apples with apples but on the face of it CLLN has a deficit of about £300m while KIE's is only £75m or so. I'm a bit confused but what we can say again, is that CLLN has a significantly larger pension deficit. So here's the choice. Ignoring the shorters (because they can't make CLLN go out of business), if you believe CLLN's debt and pension deficit is manageable, then at the present market cap, the shares are a bargain.
lab305: How to Prevent your Shares Holdings from being Shorted Q.: Why does short selling reduce share prices? Share A: To short-sell a share speculators have to borrow the shares in the first place. Once they have done this they need to sell them in the market, and if this is done en-masse it can push the share price of a company down in the short term as there are more sellers than buyers in the market. Hedge funds specialising in short selling may also cause panic in the market by selling lots of shares in a company as other shareholders become worried about the share price plunge. Some companies will blame short sellers for dramatic declines in their stock price. The practice is so controversial that bans on short selling are not unknown and during the last credit crisis in 2008, traders were not allowed to short-sell certain banks and financial institutions. Most borrowers and lenders of shares are institutions, brokers, etc. Mere mortals can borrow indirectly by using Spread Bets or Contracts for Difference. If you go short, you are effectively borrowing shares to sell for money; if you go long, you are effectively borrowing money to buy shares. Depending on the balance between shorts and longs, the company offering these products may choose to cover the risk by borrowing real shares to sell or by investing money to buy real shares. Q.: What can you do to prevent your shares holdings from being shorted? A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account. There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are 'on order' they cannot be lent out by your broker and in turn you are reducing the amount of 'free shares' out there that can be used for shorting purposes. And don't forget to move your limit order up when the price starts to recover, then, that way your shares can't be shorted - not much but helps .
Carillion share price data is direct from the London Stock Exchange
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