Rok Plc Share Discussion Threads

[rcturner2] 23/11/2010 08:45

As I said the directors should be shot.

[gazzerc] 22/11/2010 21:20

Me and my partner lost £120,000 as sub-contractors to these thieves i hope the people at the top rot in hell!

[waterloo01] 22/11/2010 16:26

Have any of them appologised yet?

[yoyoy] 22/11/2010 16:17

ROK was warned on outlook



extract

"Senior executives at Rok, the failed building group, were warned the company's public statements risked misleading investors by failing to identify the extent or source of its problems"

[gcom2] 19/11/2010 09:24

Are the ROK directors doing time yet?
scumbags

[pec2004] 16/11/2010 19:38

A bit of an update on the bbc website.

[rcturner2] 12/11/2010 16:40

kibes



"Probably not, according to the Bank of England (BoE).

The bank says sovereign debt concerns are raising doubts about the strength of some European banks. And that could affect on the UK financial sector. UK banks have relatively little direct exposure to Greece and other crisis-hit European governments.

But the Bank of England points out that UK banks have major "counterparty" exposure to European banks. And a default by Greece and other sovereign borrowers could lead to the collapse of these European banks."

[kibes] 11/11/2010 12:16

RCTurner2 - I recall seeing some while back that UK banks are on the hook for at least 65 billion euros of European sovereign debt. It will be mainly RBS and HBOS (now Lloyds) I think as HSBC and Barclays seem to be better run. Or thats what they want us to think. It would be nice to know the real numbers but it is a little difficult as none of the banks tell the truth.

[senator] 11/11/2010 10:28

I lost £2.5k (I sold out £15k 2 weeks previous to get into oil) and have made up over 50% in oils since. I consider myself very luckly to have not been struck with a hammer blow which 2 weeks earlier I would have been.

I think that oils (in particular exploration) are the current dot com bubble and some will come crashing down as most seem to have had a good rise of late with minimal chance of finding commercially viable prospects. Therefore I am exercising extreme caution but most have large cash piles (although the cash disappears fast when drilling for oil).

I intend staying well clear of this sector for the foreseeable future.

[rcturner2] 11/11/2010 08:10

Kibes, on your point above about Euro sovereign debt, my understanding is that UK banks are NOT actually that exposed directly, but the problem is of course they are exposed to the banks that do hold the debt.

[kibes] 10/11/2010 11:51

MRPHIL - yes I know people are buying banks as if they were worth something. I am afraid I am rather cynical about their supposed 'profits' which in reality are simply manipulated out of thin air by accounting fiddles to enable them to pay huge bonuses. I can't really see how the banking system can ever be cleansed of this sort of practice without a complete collapse. Which may well be coming in due course, although it does not seem to be imminent. While the US remains in control, they think they can solve everything by printing dollars. And it works for a while.

[mrphil] 10/11/2010 10:06

kibes - you could well be right, nothing changes really. Ironically it's a bank that's the top percentage gainer in my SIPP, so I suppose I'm getting something back!

[mrphil] 10/11/2010 08:40

Can't believe I was taken in by all the positive vibes they were putting out over the past month!

[still waiting] 10/11/2010 08:17

£100m owed to subbies!!!

that's a few more nearer insolvency then..

[exile] 10/11/2010 08:16

............ OH ThAT'S ALRIGHT THEN! mUST BE THE BANKS FAULT THEY RAN OUT OF CASH.

[mrphil] 10/11/2010 08:03

Reply received from the company to my enquiry:-

"Your disappointment is shared by many including of course employees and creditors.

I am afraid it would be wrong of me to try to provide an explanation for what has happened other than the fact that the Company ran out of cash and the Banks would not continue to provide support.

Sorry not to be more helpful"