Carillion Takeover Rumours (CLLN)

Carillion Chart

Carillion Takeover Price

Carillion Takeover Forum Posts

Major shareholders will decide between Chinese takeover and rights issue, not an interim management team.
Would you want to be short going into the weekend when some takeover interest emerges? 100m shares short. Volkswagen all over again?
I disagree - novated contracts in theory work where there is immediate labour supply with incoming company--- in the case of a full takeover transition probably smoother - but we are not exactly overrun with available skilled people in uk. a takeover is different to a failure
Not even a decent takeover target Unfortunately for any investors taking a punt that Carillion might now be a worthy takeover target, the analyst has some bad news. “We are not convinced that Carillion would represent a feasible target for a potential acquirer, given the scale of risk and liabilities.â€￾
‘Further risk to the downside’ “We see further risk to the downside, even at the current share price,â€￾ said analyst Samuel Bland in a note to clients on Thursday morning. JP Morgan downgrades Carillion as it expects recent kicking to continue 14:25 13 Jul 2017 Analysts don’t even think Carillion is an attractive takeover target even with the recent hammering
PS what would be hilarious now would be a takeover bid losing them all their "profits
A takeover could certainly occur at these levels..
If any of these "analysts" think that this share is going to hit 180p in the next 12 months then then they are "idiots". Bar a takeover (not likely) this would seem to be on a downward direction.
There has to be a rights issue or a takeover, but who would take them on with a balance sheet that has such a big hole in it? Chairman needs to get on his bike as well.
R C Turner2 - Can you explain why Carillion needs a rights issue? Have you had any hints that there will be some bad news coming on the 11th of July?I don't agree to make my investment decision based on pure imaginations without a hint. For examples, Carillion could be bankrupt tomorrow, takeover is coming in a week, Carillion has received a gift of 200 millions for their achievements from the Queen.......K C
It's not clear what measures the board could use to support the SP. They have continued to pay out very high dividends relative to FCF while the balance sheet has continued to deteriorate. So they either have to cut the dividend or go for some distraction takeover.
11_percent : That's why I raised the question, who was selling? As I said, "A takeover is not in the shorters interest. Any hint of a takeover would suggest that the shorters would close their short."
So what are we saying.....Friday was a "SHARE SWOP", away from the shorter, who unloaded, to an other hedge fund that is acting the takeover party or the other Heddgie who will do a pump and dump.
nomdeplume - I looked at the trading pattern yesterday, I assumed the shorters was buying back a lot of the shares and managed to hold the sp at a very stable level and wondered if the shorters were closing their bet.You mentioned: "It would not be unusual for the entity making a takeover to purchase some shares before making a bid - they cost a lot less......." Yes! You could be right. It is possible and quite an usual way to build up their holdings before any action.You and I are guessing but based on certain reasons. I am content.K C
KC : Friday's trades were unusual: high volume and narrow range - i.e. buys and sells roughly equal. "Is something happening?" Well, Barclays Stockbrokers showed a number of quite large trades, well out of my league; so something happened. Also, the sells must have come from somewhere. High volume + narrow range smacks of collusion, It would not be unusual for the entity making a takeover to purchase some shares before making a bid - they cost a lot less. Clearly, the hedge funds shorting are not full of idiots. All the data points to to a sound undervalued company, as has been reiterated on this site again and again. So, what is it they think they know? Sorry, I don't have any inside knowledge of a takeover, but it has to be a possibility. Look at the SP chart for a year ago - big rise after the trading statement. One way or the other, we may know more fairly soon.
The sp of Carillion was oscillating within a very narrow range of 1p from 11:00 to the market closure, the volume of trade was very high as well. Is something happening?nomdeplume - A possible takeover, are you sure? I believe the chance of that is very slim. But I guess (just a guess) something positive could be in the making.K C
23-06-2017 will make interesting reading next week. It looks as though at least one of the hedge funds has reduced their holding. Either that or today's big trades were related to an initial stake in a takeover bid.
Takeover is one word not two. Could you trust anyone who doesn't know basic English, with providing any sort of analysis of a stock ?
What is needed is a takeover! Shorters get burnt, management changed and business put back on track. BTW someone posted CEO's main responsibility is the business; they are responsible for Strategy and future policy to ensure the business is profitable and healthy. The ultimate responsibility of the CEO is the share price and shareholder value. Chief Operating Officer, and Operations Directors' main responsibilities are to concentrate on operating the business. Unless a Company is a Cooperative, a mutual or State run business the ultimate responsibility of the CEO is to deliver shareholder value!
NY Boy - Absolutely, I will buy again when opportunity comes. I doubt the sp will go down too much as long as takeover stories is in the air.K C
Just buy decent dips, hold long term, enjoy the divis and any takeover would be a bonus, a bit of a boring one but not as boring as holding cash down at el banco.
Work in infrastructure and heard a similar rumour starting last week about a takeover here. A distinct possibility in this market of consolidation. Remember there are some huge infra projects to deliver in both UK and middle east, combined with a shortage of suitable staff to deliver these. Buying a Carillion, or similar, with a background in delivery of these may be a needs-must for certain organisations who have some very large projects under considerable scrutiny to deliver.
A takeover candidate with deep pockets who could calm the Pension Trustees could squeeze a few hundred million of value out of that negotiation alone.
the rise may have been on the back of the Waterman takeover, as foreign companies seem to see a lot of value in UK infrastructure groups
Can't see this being a takeover target. If it was then surely it would be asset stripped and split up and sold as different business. Actually that makes sense. Maybe it could be a takeover target.
Telegraph puts yesterday's rise down to City takeover rumours! I would not want to be short if that happened so with some nervous shorters around this could move quite quickly.
Why is everyone so concerned about what the shorters do. This is paying 8+%, the company is in reasonable shape, the pension deficit will reduce with interest and bond rate rises, so the downside should be limited whatever shorters do. And there is the added bonus that there might be a takeover bid whilst the sp is so low.
Divi is the consolation, but as the SP falls whilst markets are buoyant is not a good sign. The price may be attractive though to some predators who may have designs on Carillion's future, i.e. Takeover. FWIW I hoped the results would have been a turning point in this constant assault by Hedge Funds. We are obviously going to have to wait for some time!
Spoole - I have wondered that. Several with similar margins but only CLLN has any shorting of note. Not sure how peers compare on debt ratios and pens deficits. It is tempting to look for conspiracy theories. All we have is the coincidence with the CL notes; also, was not long after CLLN tried to takeover BBY.
We need takeover rumours.
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