Connaught Share Discussion Threads

[ladyboyblap] 09/9/2010 09:54

RBS in the last couple of days.
Meteoric Rise !

That's not fair.

[qualsoft2010] 09/9/2010 09:42

5376 shares for grabs.. email: [e-mail] if interested

[isis] 09/9/2010 09:22

There are plenty of Government Contractors/Suppliers that have not gone bust - there was clearly something wrong with this Company.
If they didn't know that the UK has an election every five years then how can they be expected to run a business?

There are not even any details of any cuts and where - maintenance etc. all still has to be done regardless.

Sounds like they were running Conaught like Northern Rock.

[the_doctor] 09/9/2010 09:19

I posted before that political implications regarding not lending to businesses and job losses that could result, might have pushed banks (via govt pressure) to lend to CNT if the business was sufficiently viable. Clearly the latter may have turned out to have been the case.

This view was shot down by monte, who claimed that jobs would not be lost because contracts could just be transferred and that there would therefore be no political implications. I highlighted that even if all contracts were transferred, the new owner would most likely look to cut down overlap.

In today's papers, KPMG will keep the property maintenance arm trading while contracts are transferred and around 4,400 people face redundancy

The smaller compliance and environmental divions will be unaffected by the administration and employ 3,500 people. [Those divisions will be sold off, resulting in more synergistic cost cutting]

Overall therefore, you're looking at something like 5,000 job losses

[pwhite73] 09/9/2010 09:16

fishermans friend - 9 Sep'10 - 08:57 - 5029 of 5030

"Might be clutching at straws but Lord Jerry makes an interesting point. A part of this company is not in administration and trading normally. I assume that this part of the company still comes under the ownership of the shareholders and has some value ?"

Wrong.

Connaught Plc the largest part of the company that was traded on the LSE has gone into administration. Meaning your part of the company has gone bust.

[standtall] 09/9/2010 08:59

warwick.

mkt not picked up on this yet.TWL


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[fishermans friend] 09/9/2010 08:57

Might be clutching at straws but Lord Jerry makes an interesting point. A part of this company is not in administration and trading normally. I assume that this part of the company still comes under the ownership of the shareholders and has some value ?

[ladyboyblap] 09/9/2010 08:43

Don't be upset by your CNT losses.
Do what I've done.
I've just bought HMV.

They haven't got much debt.

[wenlynn] 09/9/2010 08:37

smurfy,
Holders will be offered around 1p by Shorters for their Shares.

[smurfy2001] 09/9/2010 08:30

Won't shorters get %100 of their cash at some point anyway?

[isis] 09/9/2010 08:00

Administrators were called in on Tuesday – just eight days after Connaught's financial year-end. Only four months earlier the company had told investors: "We have had a really, really great six months, really excellent. And the outlook for the full year is probably even better ... our prospects are virtually limitless."


So I wonder what would have happened if they had a bad 6 months?

[wenlynn] 09/9/2010 07:15

How can shorters do these deals ?
They borrowed the shares in the first place.
At sometime don't they have to give them back ?

[simon cawkwell] 09/9/2010 05:57

Gentlemen, Niku,

I am interested in lots of 100,000 Connaught. I am after 1,000,000 all told.

My email address is: [e-mail]

Phones: 020 7835 0868 / 0367

Simon Cawkwell

[niku] 09/9/2010 00:48

i know someone who has 500000 of these,this is genuine, and its not me
anyone want them?

[maxk] 08/9/2010 23:32

Dubya's call....

[lord jerry] 08/9/2010 22:06

Why are some private investors crying to be buried before they die? If a part of the company (social housing) goes into administration and the other part remains trading, why shouldn't the trading (profitable) part remain floated in the stock exchange? After all, they were part of the original company.

But when most PIs are giving up hope rather than fighting for their right, it's stupid. That's why people like EK needs to still cover their short positions; because it's not over yet.

If the government takes the view that the stock market is a casino where private investors should always be screwed; the nation should not expect to prosper by counting on a poll of savings and good retirement funds

[living dead] 08/9/2010 19:12

a tad overweght, heart attack b4 long.

[dancing piranha] 08/9/2010 19:09

Oh how you all wished you had half the brain cells EK has! A very clever man...

[living dead] 08/9/2010 19:04

looks doomed!

[hiq] 08/9/2010 18:57

My charts say 0p