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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rok | LSE:ROK | London | Ordinary Share | GB00B1WL0527 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
08/11/2010 14:12 | RCTurner - my situation and feeling exactly........Agree with dennis russell too. Neither the banks nor the directors have much of a defence AFAICS. | don carter | |
08/11/2010 13:50 | andrewc8, yes, i'd see the bloody hands of a bank behind this. Banks will pull the plug when they think they will most likely get all or most of their money back. Lots of viable companies have gone under because the bank would not take the risk of waiting for them to trade through | dennis russell | |
08/11/2010 13:27 | Just out of interest, who do ROK bank with ? | andrewgc8 | |
08/11/2010 13:17 | RIP sorry for the shareholders left holding shares. | moneysage | |
08/11/2010 13:15 | looks like the market priced ROK properly back in Jan 09... sorry for shareholders. but i am wondering if there is any pattern of companies that have returned to bear market lows being primed for further disaster? | wcjan26 | |
08/11/2010 12:49 | May well be a sudden surprise but the directors have a duty to oversee/run the company properly - they acknowledged the last set of results in August (see below) and spoke of the cash generative nature of the business and the control of fixed costs. How poor are they to not see any signs in the business they alledgedly control and have responsibility for - especially given the suddenness of this news - were suppliers not phoning up for cash ? Didn't any manager hint to their bosses that somnething was untoward etc etc ? Unbelievable 17. Responsibility statement The Directors of Rok plc confirm that to the best of their knowledge the condensed set of financial statements has been prepared in accordance with IAS 34 'Interim Financial Reporting' as adopted by the European Union, and that the Interim Management Report ("IMR") includes a fair review of the information required by DTR 4.2.7R and DTR 4.2.8R. | joe say | |
08/11/2010 12:43 | Chris, Think you are correct in your assessment - this smacks of a very nasty skeleton suddenly appearing (dug out by the new FD) - as no director would put good money after bad, surely? ALso, they have just paid the divi - why do that if financially it was suicide? I expect a lot of interesting analysis to be shortly forthcoming. So ROK hit the rocks - makes you wonder how many others out there are also sailing in seas with hidden reefs.....troubled times indeed. DL | davidlloyd | |
08/11/2010 12:35 | strange for directors to buy £40K of shares. they must have known. did they sell that lot and maybe more afterwards.? i hope it was not a little pump followed by big dump. (that is what i would have done..shame on me.) | careful | |
08/11/2010 12:13 | Ah yes Connaught again. I was watching the CNT bulletin board with some interest in April this year. Some enthusiasts were even saying then that they thought it was the most secure investment in their portfolio. Just shows how wrong you can be. I have always recognised that ROK was a very high risk investment however you only make large gains by buying at the time of maximum risk. At that point you will either lose the lot or gain at least 5 times. In this case we have lost the lot. The disappointing thing is that usually you get more notice than this, I think it was extremely disingenuous to put out an RNS a few days ago re-the Tesco contract which clearly implies that the company has a long term future when they must have already known it does not. | kibes | |
08/11/2010 11:52 | Copyright has written on the GFRD board today: "My sympathy goes to all ROK shareholders who have seen their company go into administration today Monday 8th November. I presume that this is almost entirely due to the problems at Plumbing Trade Supplies (PTS) exacerbated by the large amount owed to PTS by Connaught, no chance of any recovery now given that CNT administrator has now come across approx 50,000 unprocessed supplier invoices resulting in a revised unsecured creditor level of well in excess of £100 million, so no payout, not even one penny in the pound, hence ROK announcement of Administration today. It's not so long ago that the rumour was that ROK were casting their eyes over Galliford Try, so I'm now wondering if there is any way that GFRD might be interested in picking up some profitable bits of ROK business from the administrator" | don carter | |
08/11/2010 11:26 | propane - 8 Nov'10 - 10:17 - 1556 of 1560 exile, if he waits for 'nil' value he won't have to settle his short? -------------------- I think that is with a CFD or a sb....... even with nil value you still need the stock if you have shorted through a broker or even using other services that have an anomoly that allow you to sell stock you don't have.......or so I believe ...can someone confirm this? | exile | |
08/11/2010 11:01 | Cameron@mostmetals.c | celliott1252 | |
08/11/2010 10:50 | levelhead - I have 40000 to sell. What price are you offering? e-mail me richard@kibes.co.uk | kibes | |
08/11/2010 10:21 | 'nil' value could be months away, though. Cash in hand and all that... If you sell to him, at least you'll get something rather than zip. | pulsey | |
08/11/2010 10:19 | emails please | levelhead | |
08/11/2010 10:17 | exile, if he waits for 'nil' value he won't have to settle his short? | propane | |
08/11/2010 10:16 | Shocking....must admit I did'nt see that one coming. I had this on my low level watch list and must admit that the new Tesco contract and senior management buys had me at the point where I considered getting on board. One has to wonder where this will all end, there are clearly far too many companies in this sector who are bidding for work at a loss just to keep turnover running to service debts. I suspect that councils will be in for nasty shocks in the not too distant future when, rather than seeing cost savings coming through, they actually see costs increasing as the supplier base disappears and the companies left are finally able to bid for work with a proper economic return. I have been monitoring Mouchel as well, they are now 3 warnings in so was wondering if it could be time to get in there but on the basis of this I think I will just leave it for a while. Those that survive in the sector going forward will doubtless benefit from better margins but I feel that we are still some way from the bottom | salpara111 | |
08/11/2010 10:11 | As a result of these full investigations, the Board has concluded that the problems in the ex Avonside PHE business were due to a scaling back of sub-contracting work from the private housing sector and a combination of weak operational, commercial and financial controls within that part of the business. The actions to resolve these issues have already been taken by management. The Board continues to have confidence that the Company will meet market expectations this year. right, so is somebody getting charged with deception? | tricky1992000 | |
08/11/2010 10:11 | he can have my shares to settle his short position! | celliott1252 | |
08/11/2010 10:09 | At least they paid the divi before going down..... :-( | davidlloyd | |
08/11/2010 10:09 | propane...... levelhead is anything but confused... he is buying to settle a short imo... | exile | |
08/11/2010 10:06 | Ouch. DL | davidlloyd |
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