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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Carter&Cart | CART | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 82.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 82.50 | 82.50 |
| Top Posts |
|---|
Posted at 10/3/2008 20:25 by oohrogerpalmer Amazing how in the 6 months since suspension the debt increased by £60 Mill or 50%. Bet most of that has found its way into advisors pockets.Yet again investors screwed , Advisors and directors walk away laughing. |
Posted at 20/2/2008 14:29 by wacsl_trader I hear you Smelgy, but I am a small time investor, and this was my first stab at the market as a whole, recommended by a far two days before it all went bang! I need my investment back, albeit at a loss :-(Perhaps, when, if the company does indeed recover, and I am financially better off, then I will buy again. |
Posted at 05/2/2008 09:08 by berkley3 as a small equity investor i accept the risks involved in trading shares. However,as like many of you trying to improve our financial or pension funds we should not be blatently misled by crooked directors.I dont have a solution to the position this company is in only to say that as a director myself i cannot believe they have got so deep in debt without addressing the matter sooner. Probarbly reporting them to the DofE or FSA is a waste time but something has to be done. Good luck all. |
Posted at 02/2/2008 23:01 by andyderbys February 3, 2008Crunch time for Carter & Carter training firm Dominic O'Connell THE crisis-hit training firm Carter & Carter faces a do-or-die shareholders meeting in 12 days' time. Investors have been asked to approve a change in the articles of association that will allow the group's borrowings to go to £175m, twice the level of a year ago. If shareholders say no, "the board would be forced to seek the appointment of an administrator or pursue other insolvency proceedings shortly thereafter", a company circular said. Carter & Carter has suffered a dramatic decline since its founder, Phillip Carter, died in a helicopter accident in May. Shares in the company were above £12 shortly before he died. Two profit warnings after his death led to a collapse in the price. When trading in the shares was suspended in October they stood at 82½p. Last week's circular to shareholders painted a dire picture of the company's fortunes, saying "it is likely that the finalisation of the audit will result in a substantial write-down of goodwill". This in turn would lead to a breaching of conditions on the amount of borrowing the company was allowed to take on. If shareholders approve the change, the board, which is being advised by NM Rothschild, will present a restructuring plan before the end of February. This is likely to include a significant debt-for-equity swap, with shareholders seeing the value of their holdings slashed. |
Posted at 18/10/2007 00:00 by daihardtoo a 1 for 3 rights issue at 50p would only raise about £6.5M.The banks will be pushing for a reduction in debt of at least £50M - and I don't see that the company has the credibility with institutional investors to be able to raise that level of cash. My guess is a D4E swap with about £60M debt swapped for at least 80% of the enlarged capital. Based on those numbers, and a market cap of the restructured group of, say, £100M, the share price would settle back to about 50p - and the banks would pick up a £20M profit on their swap shares. |
Posted at 18/7/2007 08:27 by ajax01 "In a note published today, stockbroker WH Ireland advises investors to sell the shares into any strength, even at these current depressed levels. The broker also placed its 'market perform' recommendation under review, adding the group's current level of debt is untenable and investors face the prospect of significant share dilution in one form or another." |
Posted at 18/7/2007 08:23 by diddlboy 17.07.07 :+11.5, (75) sharply higher in midmorning deals, extending yesterdays gains, as the vocational learning services company continues to rebound following Friday's profit warning. Shares in the group slumped last Friday after the group warned it had cut its full-year adjusted pretax expectations to 10.5m from its previous hopes of 15.5m after failing to win a single tender for Phase 1 of the Pathways to Work project. The profit warning was Carter & Carter's second in as many weeks, and following the death of its chairman in May, shares in the group have slumped from April's all-time high of 1,273 pence to a low last week of just 52 pence. In a note published today, stockbroker WH Ireland advises investors to sell the shares into any strength, even at these current depressed levels. The broker also placed its 'market perform' recommendation under review, adding the group's current level of debt is untenable and investors face the prospect of significant share dilution in one form or another. WH Ireland said while Carter & Carter could still win new tenders, it also believes there is likely to be an exodus of the top employees following the group's latest failure. |
Posted at 17/7/2007 11:16 by yakin Shares in Carter & Carter PLC were sharply higher in midmorning deals, extending yesterdays gains, as the vocational learning services company continues to rebound following Friday's profit warning. At 10.17 am, shares in Carter & Carter were 38 pct higher, or up 24-1/4 pence to 87. Shares in the group slumped last Friday after the group warned it had cut its full-year adjusted pretax expectations to 10.5 mln stg from its previous hopes of 15.5 mln stg after failing to win a single tender for Phase 1 of the Pathways to Work project. The profit warning was Carter & Carter's second in as many weeks, and following the death of its chairman in May, shares in the group have slumped from April's all-time high of 1,273 pence to a low last week of just 52 pence. In a note published today, stockbroker WH Ireland advises investors to sell the shares into any strength, even at these current depressed levels. The broker also placed its 'market perform' recommendation under review, adding the group's current level of debt is untenable and investors face the prospect of significant share dilution in one form or another. WH Ireland said while Carter & Carter could still win new tenders, it also believes there is likely to be an exodus of the top employees following the group's latest failure. |
Posted at 14/7/2007 10:41 by w r there will be a dead cat bounce mova. Dead cat bounce From Wikipedia, the free encyclopedia A dead cat bounce is a term used by traders to describe a pattern wherein a moderate rise in the price of a stock follows a spectacular fall, with the connotation that the rise does not indicate improving circumstances. It is derived from the notion that "even a dead cat will bounce if it falls from a great height". The phrase has been used on the trading floors for many years. However the earliest recorded use of the phrase dates from 1985 when the Singaporean and Malaysian stock markets bounced back after a hard fall during the recession of that year. The Financial Times reported a stock broker as saying the market rise was a "dead cat bounce". The reasons for such a bounce can be technical - investors may have standing orders to buy shorted stocks if they fall below a certain level, to cover certain option positions, or for speculation. Since bounces often occur, investors buy into what they hope is the bottom of the market, expecting a bounce and thus make a quick profit. The very act of anticipating a bounce can create and magnify it. A market rise after a sharp fall can only really be seen to be a "dead cat bounce" with the benefit of hindsight. If the stocks starts to fall again in the following days and weeks, then it is a true dead cat bounce. If the market picks up starts to climb again, it was not a bounce but a bottom. |
Posted at 10/7/2007 22:07 by mercier et camier Mercier et Camier - 5 Jul'07 - 08:38 - 1394 of 1618 editThe shares are rising because the directors are buying miniscule amounts in order to generate RNS's that will do more for bolstering the shareprice. Its a snowballing effect. The buyers are private investors. But as sure as day follows night the stock will plunge again as the serious players have lost all faith in the company and are now reliant on private investors to cut their losses. |
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