Jarvis Share Discussion Threads

[stepin1] 13/5/2010 16:55

wouldnt be a bad idea to email Vince and see if he's a man of his word

[yuka] 13/5/2010 16:23

Perhaps you could send him an email/letter or try to call yourself Active? Ditto to Phillip Hammond.

[srpactive] 13/5/2010 16:18

yrs possibly

[coolmd] 13/5/2010 15:27

Will we get a RNS Soon? How long can these officially be suspended for?
Not that they are likely to trade ever again...

[srpactive] 12/5/2010 16:21

vince cable business secretary stated at one
of the chancellor debates that he will get
banks borrowing to british companies, can
someone if in the westminster loop give him
a call.

regards

active

[srpactive] 11/5/2010 21:24

now hopefully mr norris will talk, interesting
ex nwr boss joins 3i.
Vince Cable wants to get lending to decent uk
companies and the tories and libdems want
rail moving forward.

dyor

regards

active

[belhus] 07/5/2010 14:18

And that is why we as shareholders should know and if there was any false information given out via RNS we could make whoever was responsible give us some answers it might not get us our money back but at least we would know the truth

[jarjar] 06/5/2010 21:50

srp and others - we may be barking up the wrong tree

we all think that funding of the debt was the problem
but what made directors throw in the towel so suddenly
and abandon the shareholders so dramatically ?
there were other ways of getting funds

it is just possible that something else may have made
it impossible for the company to continue trading

loss of future work - loss of NR work - we may never know
£12.6m is really peanuts and may have been just an excuse

[stepin1] 06/5/2010 15:03

create a discussion that way you can copy and paste it as you have alot of text

[truckertee] 06/5/2010 14:56

Step
It won't let me post it. Feel free to copy and paste.
Tt.

[srpactive] 06/5/2010 07:53

truckertree

well done, the debt figure in the last rns
was around £12.6m, just laughable.
They let jrvs go and 2000 workers on the
dole potentially.
They helped a USA company General motors in
ellesmere port with funding ( alot more than £12.6m)
to save 2000 jobs but do not help a UK company,
pure madness but what do you expect from this lot.

[truckertee] 06/5/2010 04:21

My e-mail to Alistair Darling

Dear Rt Hon Alistair Darling,

Although I'm not your constituent, your position in cabinet I think gives me the right to contact you.
Regards Jarvis, this company which employs thousands nationwide is being forced into administration by it's creditors namely Bank of America, It's bank debt is circa £50m. After the public money poured into RBS/LLOY, wouldn't it be practical as major share holders for the government to ensure that one of "our" banks takes over the bank debt of Jarvis thus ensuring the continuance of this company. Jarvis for their part recently won a £55m contract foe the Chiltern railway with the possibility of another £35m contract to follow. There is other work in the pipeline so it appears strange that BofA should adopt this stance now. I have also e-mailed the local MP for York who will hopefully raise this in the house.
I guess there couldn't be a better time than six weeks before an election to step in and save thousands of jobs.
Thank you for taking the time to read this.


E-mail reply I received yesterday:

Thank you for your email dated 29 March about the Jarvis and the Royal Bank of Scotland. As it is not practical for Ministers to respond to all the letters they receive, I have been asked to reply on their behalf.

As you are no doubt aware, the Government's stake in RBS is being managed by UK Financial Investments Ltd (UKFI), a company that is wholly owned by the Government. The framework document between HM Treasury and UKFI sets the requirement that UKFI will not intervene in the day-to-day affairs of investee companies. This is because the overarching objectives for UKFI are to protect and create value for the taxpayer as shareholder with due regard to the maintenance of financial stability and to act in a way that promotes competition. Past experience has shown that to achieve such objectives, banks are best run commercially rather than by the public sector.

In light of your particular case I hope you will appreciate that decisions concerning lending must remain commercial decisions for RBS's management team, and it would be inappropriate for the Government to intervene in individual cases.


Yours sincerely,

Ben Franklin
RBS Team
HM Treasury

5 weeks to more or less tell us to sod off.

[truckertee] 06/5/2010 04:16

Stobart was bailed by Tesco, so for Stobart rail read Tesco rail.

[bulgarianpropertydoteudotcom] 05/5/2010 21:42

if it was over positive it would still be at over £1 only poker numbers are down US ruling soon and world open comming ;-)

[srpactive] 05/5/2010 20:26

their last statement was not over positive was it,
have followed for ages, have two onliners in the
portfolio so enough for now, prty tomorrow fingers crossed.

dyor

regards

active

[bulgarianpropertydoteudotcom] 05/5/2010 18:45

active 888 worth a look 70p atm unbelievable value should recover reasonably quickly to £1 short term.

[srpactive] 05/5/2010 18:33

Eddie Stobart recently moved into rail
with stobart rail, jrvs fail and Gordon
Brown is talking from a very labour loving
Eddie Stobart depot.

what do you make of the jrvs situation as
you have always been negative on jrvs and
obviously proved right.

But I knew it was a recovery situation and
losses are just part of the course when investing
for many yrs like me, but I really did think
jrvs would slowly pull through as the good and bad signs
were there.

Where are you investing at the moment?

regards

active

[yuka] 05/5/2010 10:21

Active - so you do think the government influenced Burdale. Make your mind up.

[srpactive] 05/5/2010 09:45

Mike

agree, but just pointing out how long things can take
to sort out.

regards

active