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JRVS Jarvis

9.40
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jarvis LSE:JRVS London Ordinary Share GB00B0DLKZ47 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.40 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Jarvis Share Discussion Threads

Showing 48501 to 48516 of 48775 messages
Chat Pages: 1951  1950  1949  1948  1947  1946  1945  1944  1943  1942  1941  1940  Older
DateSubjectAuthorDiscuss
12/4/2010
16:53
We are on the verge of massive rail workload
spends, and what does this country do let
1200 SKILLED JOBS go at jarvis and 1500
skilled jobs at NWR, and nwr made £1bn
last yr, come on unions especially MR
NASTY unite boss, earn your money now,
save jarvis and the workforce.
We all cannot just work at a sweet shop,
no of course we cannot they let Woolies
go aswell, we will all be unemployed
in a few yrs time watching foreign
workers do the jobs, and I read today
we are helping Greec out of their mess
by giving them £600m every yr, from
now on, the unions bank roll the Labour
party. If you are serious Unions, say
if you do not save the Jarvis company and
all the workers jobs ( as we have the work
at Chiltern ) and the 1500 at nwr we will
stop our donations right now before the election.
That would do it but I bet they will not.

Also can someone find out who exactly pulled
us in?

If it was the revenue then this is purely
because JRVS had a conservative as chairman,
and that is wrong, in business we should
all work together and leave politics aside
or in the gutter where it should be.

regards

active


active

srpactive
12/4/2010
14:47
just to let you know we are setting up class action against Jarvis Plc ..


great... but who exactly will be the defendants? they are all off now looking for new directorships if they've not found them already.

brando69
12/4/2010
14:34
Rallying support for rail workers
Apr 12 2010 by Evening Gazette

UNION leaders are holding rallies across the North this week in support of hundreds of redundant rail support workers, including staff on Teesside.

Around 50 track renewal workers at Darlington rail support services firm Jarvis lost their jobs last week, after the firm went into administration.

Rail Maritime and Transport (RMT) union regional organiser Stan Herschel said: "The whole thing was very sudden, within 48 hours staff were given their official redundancy notices and told to sign on. They are completely out on a limb.

"We are working behind the scenes politically to get Government and Network Rail to act. The work is there. We're talking to the ministers concerned to put pressure on Network Rail so these workers can continue in gainful employment.

"Had it been a car factory, all hell would have let loose. But because workers are spread out across the UK, it hasn't.

"Everyone says it's due to the recession but it's not," he added. "The work carried out by these people is essential. We are not going to take this lying down."

The RMT, which rallied against the job cuts in Doncaster on Friday, is holding further protests this week outside the Jarvis headquarters and Network Rail offices in York on Wednesday. A further rally is due to take place in Liverpool later in the week.

Hundreds more jobs have gone at other Jarvis depots in York and Newcastle.

Administrators Deloitte say they are hopeful a buyer can be found for the beleaguered company.

Meanwhile, talks aimed at averting strikes by thousands of rail workers in disputes over jobs and working practices will resume today.

The RMT union planned four days of industrial action last week but called it off after a successful legal challenge to its ballots by Network Rail.

The two sides are involved in a row over plans to axe 1,500 maintenance jobs and change rosters to allow more work to be done in the evenings and at weekends.

They will meet at the conciliation service Acas today for talks over the maintenance workers' dispute.

Acas also announced that the union and the company agreed to hold talks over the signal workers row, although no date was set for that meeting.

Progress was made during earlier talks at Acas over the maintenance jobs.

The RMT executive will meet this week to discuss its next move following the legal challenge and is expected to agree a timetable for fresh ballots.

gsands
12/4/2010
14:33
My reply to Kenneth Clarke's office:

Dear Kathryn Laing,

In your email reply you say:


In your email you specifically call for Government action to bail out Jarvis, in the same way as the banks were bailed out in 2008. Mr Clarke does not support this course of action. He feels that it is extremely sad and damaging to see so many job losses, however he also thinks that Government is singularly ill-equipped to step in and bail out struggling companies, and that it would be wrong to use taxpayers money in this very risky way. The bail out of the banks became necessary because so many millions of people depended had vested their savings and the security of their businesses in the banks. The entire UK economy would have collapsed had the banks not been rescued. The case of Jarvis is much more isolated than the case of the banks, and to have invested taxpayers money into propping up a company which had failed would have resulted in losses for the taxpayer.


My reply:

The story of Jarvis is one of lack of capital, which is precisely the problem many companies in Britain are facing at the moment. Jarvis had a significant workload in 2011 but could not get the finance to gear up for that workload from its banks. Neither could it get a promise from Network rail that it would be paid properly and on time in order to manage its cash flow. For these reasons the administrators were left with no option but to wind up the business and lay off hundreds of workers.

It is a disgrace that despite all the pointless rhetoric from the Government about the importance of lending to British businesses, companies are still going out of business through lack of capital; especially when we (you and I) have been forced to hand over billions to bail out the banks.

I am not asking the Government to bail out Jarvis - like they did the banks and the car manufacturers (two completely unviable business models in their current form and therefore of extreme risk to the taxpayer). I am asking the Government to extend Jarvis finance, via one of the nationalised banks. This is a company of almost strategic importance to the UK; especially when one considers the extent of the modernisation required of Britain's outdated railway network - not to mention any new developments like High Speed 2.

Jarvis is a 164 year old British company which employs 2000 people and has very specialised knowledge and plant and machinery for working on the railway network, could have been debt free for the price of an Olympic statue! The sum total of the wages of the senior members of staff at Network rail would probably have been enough to rescue Jarvis.


Please tell me, where is the common sense in letting Jarvis fail? Of course, there isn't any. There is only two reasons why it is being allowed to happen: 1. Stupidity 2. Someone has got a vested interest in allowing to happen.

And personally, I am sick to death of living in a country run by people with no common sense or integrity.

Yours sincerely,

gsands
12/4/2010
14:32
stepin,

Who is leading the march?

gsands
12/4/2010
14:19
Its a complete disgrace that there has been no contact, message or more explanation from Directors & Chairman - even if indirectly through the media & third parties. They had plenty to say via earlier & almost optimistic RNS releases.

So what is it - tough luck for the workers & shareholders, better luck next time?

No problem we either go & find new jobs & get used to losing some of our life savings.

johnjr
12/4/2010
13:51
This is what K Clarke of the conservatives thinks:



Dear Mr Sands,

Thank you for writing to Mr Clarke about Jarvis plc and the devastating impact its insolvency has had on employees and their families. Mr Clarke's first thoughts are with those who have been made redundant, and he feels that the priority must be to help them find work so that their skills and knowledge are not lost but instead invested back into the UK economy.

One of the primary reasons for Jarvis's decline was its reliance for business upon Network Rail, and Network Rail's decision to delay much of its planned network upgrade work last year.

Mr Clarke's colleagues in the Shadow Transport team have been concerned about Network Rail for some time and have laid out plans which aim to make it a much more efficient organisation through reform to its governance. They also intend to break its monopoly on infrastructure work on the railways by making funding for smaller scale capacity enhancements, currently dealt with by Network Rail, contestable and open to other providers, including train operating companies, local authorities and Community Rail Partnerships. This will improve efficiency and help provide an important benchmark for Network Rail's performance.

Although these necessary reforms will not come in time to benefit Jarvis, Mr Clarke does hope that they will benefit similar firms who will be able to benefit from the new arrangements.

In your email you specifically call for Government action to bail out Jarvis, in the same way as the banks were bailed out in 2008. Mr Clarke does not support this course of action. He feels that it is extremely sad and damaging to see so many job losses, however he also thinks that Government is singularly ill-equipped to step in and bail out struggling companies, and that it would be wrong to use taxpayers money in this very risky way. The bail out of the banks became necessary because so many millions of people depended had vested their savings and the security of their businesses in the banks. The entire UK economy would have collapsed had the banks not been rescued. The case of Jarvis is much more isolated than the case of the banks, and to have invested taxpayers money into propping up a company which had failed would have resulted in losses for the taxpayer.

Mr Clarke feels that a much better, more forward looking approach to this problem is to overhaul the business environment in this country to make UK companies as competitive and healthy as they can be so that they grow and create more jobs to replace those that have been lost as a result of the recession. This is why he has pledged to reduce corporation tax and regulation and to vastly improve the provision of skills in this country.

Thank you again for taking the time to write to Mr Clarke.

Yours sincerely,

gsands
11/4/2010
20:52
Srpactive.. Jarvis FM is bust, the contracts have gone back to Barclays and HBOS who are controlling the cash flows...while they can move contracts across
Jarvis FM will be left with around 7 contracts that we can sell. Deloittes
predict £2m sale for these....

Jarvis Plc which we own is a shell ...

We have no directors no management no nothing.. Deloitte's are running the whole company now.
we are in administration
they are interested in selling bits if whats left and paying creditors not us.
our balance sheet stood at minus £40m hence our assets will not cover our debt

stepin1
11/4/2010
20:38
Hope you're not too heavily invested here Active.
sat69
11/4/2010
14:27
Nobody bailed out its shareholders.
yuka
11/4/2010
09:56
mrholland - 10 Apr'10 - 22:39 - 7446 of 7448

I think the directors were just playing Monopoly with our money. Couldn't run a pi55 up in a brewery! where will they all turn up next?




X Factor?

nofool
11/4/2010
09:55
Mr holland Lehmans scuppered the Caterpillar Take Over...

HMRC i believe had delayed their payments.. but if you just google

HMRC and Administration.. you can see HMRC take no prisoners

Seems like Deloittes are drip feeding reports on FM Side so contacts

can polictically change hands free of charge..

id like to see the balance sheet at close 31.3.10

stepin1
10/4/2010
21:39
I think the directors were just playing Monopoly with our money. Couldn't run a pi55 up in a brewery! where will they all turn up next?
mrholland
10/4/2010
21:05
..as for our man from Bournemouth - he Shorted ASOS and Longed Jarvis.

..should have been the other way around Guy.

My advice is not to be too 'contrarian' next time.

nofool
10/4/2010
21:02
Well friends, I did try my hand at ramping this stock whilst it sat just above 12p, but when that level finally gave way, I knew the game was up and I was about to lose; but I did not foresee doing it so 'royally'. Who did..

Just don't put more than £5,000 on any one stock - spread the risk.

You ask Lax


Interesting to see both 'midas' and 'Ginty the Brave' got out well before the end.

Wonder what they are doing now....?

nofool
10/4/2010
20:42
let's face it - we've all been right royally norrissed up the pooper with this one.
brando69
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