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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Carillion Plc | CLLN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 14.20 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 14.20 | 14.20 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Top Posts |
|---|
Posted at 12/10/2023 18:20 by marktime1231 The former directors have all faced hefty fines, determined partly on their ability to pay, they do not have the hundreds of millions owed to shareholders.Not advocating a stock compensation fund, just observing that there isn't one like FSCS or PPF. It would be something though, as a suggestion, if we were entitled to carry the loss forward in perpetuity instead of just three years, to offset CGT on any gains. As I recall there were just two notable divesters with foresight, the former financial analyst turned blogger whose name escapes me sorry to him who spotted hidden debt and LGIM or was it SLI spooked by the shorters. Almost everyone else was fooled, conned. The government and tier one companies were still awarding it contracts, it was refinancing in international debt markets, over 60% of stock was held by long institutional investors. Call it naive, in hindsight, if you like. What we did get was a lesson. Don't always believe what the board tell you, even when audited, even when respected watchers are calling it a bargain. When something looks too good to be true, sometimes/often it is. Be more challenging and critical of what gets published. * edit - it was Phil Oakley |
Posted at 12/10/2023 14:33 by jaknife "There is no protection fund in case a stock goes bust,"Why should there be? If people got compensated when businesses went bust then you'd have a whole army of investors throwing cash at speculative projects knowing that if it all went wrong then somebody else would reimburse their losses. As to suing KPMG, or the directors, you should do some research on the principle of "locus standi". Shareholders do not have the appropriate "locus standi" to sue KPMG who owe their duties to the company directly and NOT to individual shareholders. The same comment applies to directors. You have no direct contract with the directors and the directors owe you no duties as their obligations are to the company. You could do some quick research on t'net and you should be able to quickly ascertain the above. However, the normal thing that happens is that a load of shareholders get together and form a shareholder action group ("SHAG"). They raise some legal fees and end up blowing their money on a legal opinion that says "You don't have the necessary locus standi". I guess at least they find new friends to share their gripe with?! JakNife |
Posted at 12/10/2023 14:04 by marktime1231 There is no protection fund in case a stock goes bust, so where do you get compensation. The company and former directors are broke. We could sue KPMG who do have some money, but even while they are found guilty of "exceptional failures" they are not fundamentally responsible for the mismanagement and lies so compensation would be trivial pennies in the pound. And who is going to stump up and pay for the years of legal wrangling, such as the specious argument that the auditor has no liability towards shareholders because its report is for the board.Reeves who chaired with gusto the committee enquiry in to the CLLN collapse and promised to make them pay, as she is now promising to make covid fraudsters etc pay, is not at all interested in compensation for the capitalist investors who gambled and lost. Where does the record FRC £21M fine of KPMG go? (HM Treasury). |
Posted at 17/11/2020 09:36 by cc2014 "The FCA has indicated that it is proposing a public censure in relation to Carillion, rather than a financial penalty."So, a publick ticking off, a few press articles and a bit of embarrassment at the golf club in return for misleading investors out of hundreds of millions. It will never cease whilst their is effectively no penalty. |
Posted at 24/1/2018 23:55 by samdb Investors? Zero. |
Posted at 13/1/2018 20:27 by pugugly Anyone know which banks are used by the company and how much debt each are liable for. If significant could see a hit on the relevant bank shares?ALSO - and possibly a bigger percentage hit (for investors anyway) where quoted sub-contractors are in the middle of contracts and have significant invoices outstanding or progress payments due. Could give them major cash flow difficulties. The problem for investors is that Carillion is so diverse with so many tentacles in so many pies that difficult to know which suppliers/subcontrac Fully agreed there MUST be no bail out for debt including banks and loan note holders and shareholders . Suppliers, sub-contractors and staff need to be protected to ensure that the operations in the UK for which Carillion are responsible do not collapse into chaos. Pension liability to be carried by the Pension Protection Fund. |
Posted at 21/12/2017 13:35 by wallywoo JAF, I remember investors hoping of the same thing with Jarvis and Connaught (showing my age!). I think you should let history be your guide in this case:Investors got nothing Govt took over some bits but the rest were taken over by others It was long and painful, an orderly withdrawal is the best that can be hoped for here but PLEASE any potential investors note the top bit!!! |
Posted at 31/10/2017 08:21 by excell1 From another board.Motley gone positive - article released yesterday afternoon: -Clearly, Carillion faces a long road back to financial health and earnings growth. However, the same could have been said about Balfour Beatty just a few years ago. The former released multiple profit warnings and saw its share price decline by over 50% from peak to trough. Now though, it£s making strong progress with a turnaround plan and could hold significant investment potential for the long run. As such, Carillion could be a strong turnaround play. It trades on a price-to-earnings (P/E) ratio of just 2, which suggests the market may have overdone its recent share price fall. Certainly, there is scope for significant falls in its profitability over the medium term. But with its bottom line expected to remain well in the black in 2017 and 2018, there could still be a sound business on offer for investors who are willing to accept high volatility and uncertainty. Of course, the stock is a relatively risky option. But with high risk comes high potential reward, which could make Carillion a worthwhile option for less risk-averse investors with a long-term timeframe. |
Posted at 27/10/2017 09:13 by wallywoo lol, right everyone who is negative on this share is a professional deramper!racg, and JAF, who have posted that this will rise massively over May, June and July when this was 200p are honest good investors who are giving other good investors excellent advice!!!! So now the share price is 45p, and who is ramping this to 100p, ah yes racg Keep an eye on that short percentage. It will continue to rise. They need suckers to buy shares so they can short them for better prices |
Posted at 22/6/2017 09:55 by kcsham nomdeplume - The short term charts is an important tool for daily traders to get in and out a particular share in minutes or even in seconds. Of course, the charts with longer term could be used by normal investors as well. I use charts as a supplemental tool to help me to make an investment decision but not rely on it.The movement of a chart shows the background level of greed and fear of the general investors on a particular share in a particular period of time. At the moment, the majority of Carillion investors are in fear which is mainly caused by the action of the shorters in the past two odd years.Charts are not a magic tool for investment as many groups try to promote. Of course, more people use it and believe in it, the greater effect it will be on the share price of a particular share.Charts only show the performance of a share in the past and investors could use it to predict the possible trend of the share price in a near future provided that the momentum of the trend will continue. A useable tool but provides no guarantee for a successful investment.The above are all IMHO.K C |
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