Carillion Share Discussion Threads

[jaf1948] 15/2/2017 16:56

UtyINV,

I am as cynical as they come and yes I agree there have been and will always be leaks. But CLLN shorters have been here for a couple of years now. There have been many RNSs and results, none wonderful but none disastrous in that time, and still they short so I have concluded, rightly or wrongly, that they are simply gambling.

As long as CLLN is still paying a very large dividend, then the shorters can continue to play their games as I am not selling and therefore the share price is irrelevant. That could, of course, all change very rapidly but at the moment, the shorters are just annoying rather than dangerous.

[utyinv] 15/2/2017 16:50

JAF1948,

Call me cynical but don't you ever believe news of results are leaked out?

e.g Incredible how accurate the press have been, prior to results, to forecast PPI provisions for banks over the past few years, especially Lloyds. So many times the press has disclosed that XXXX Bank is expected to make provisions for another £Y to cover PPI obligations. Then on results day the Company disclosed provisions of £Y to cover PPI Obligations...to the exact amount!

[fizzypop] 15/2/2017 16:33

Bought in at 218p as likely we have a bottom in the area 215-218p. Good yield of 8.2% so useful stock as 'bank'. Whether practice will match theory is, of course, another matter.

[jaf1948] 15/2/2017 16:22

UtyINV,

Despite the urban myths, shorters have no more information about the company than the rest of us. They have taken a gamble on the indicators that the rest of the sector has performed badly, the pension deficit and debt (both poor but no worse than many) and the effects of Brexit.

If the results are poor on March 1st, then they guessed correctly. If not, not. But that is all it is - a guess.

[lonrho] 15/2/2017 15:54

In the December 2016 trading update the company stated that they expected to make further progress in 2017 no mention of overall profits being down.

[w1ndjammer] 15/2/2017 15:48

Carillion plc is providing this update on trading in 2016 ahead of announcing its preliminary results on 1 March 2017.

Highlights

-- Performance meeting expectations
-- Expect strong growth in total revenue and increased operating profit
-- Performance continues to be led by revenue growth and a strong margin in support services
-- Expect net borrowing to reduce from the half year level
-- New orders plus probable orders in 2016 expected to reach GBP4.5 billion, with total orders plus probable orders of approximately GBP16 billion (December 2015: GBP17.4 billion) by the year end

[w1ndjammer] 15/2/2017 15:30

wow they are hitting this one today, maybe i will get my other 50% a bit cheaper

WJ.

[kcsham] 15/2/2017 10:19

Jap - I agree with you. Just be patient and good time will come.

[jaf1948] 15/2/2017 09:46

You only have to look at the pattern of trades this morning to see how the share price is being (legally) manipulated. There are bursts of small sells (sometimes 4 or 5 in the same second) which bring the price down every time it looks to be going up. It has fallen 3.5p (1.57%) at the moment on a total of only 610,000 shares trades which is unlikely in a fair market.

All we can do for now is to ignore the share price and wait for the results.

[kcsham] 15/2/2017 09:32

Placed a 218 buy order yesterday. Nearly filled this morning.

[spoole5] 15/2/2017 08:24

The nice little recovery being derailed. Will we hold 220?

[kcsham] 14/2/2017 09:08

Scavenger, foul mouth!

[113mike] 14/2/2017 08:47

The bar stewards! Scum of the earth!

[kcsham] 14/2/2017 08:45

Shorters are pushing the price down again.

[m4rtinu] 13/2/2017 12:09

On the (well-worn, I know!) topic of shorting, this regarding Ocado.

[lord gnome] 12/2/2017 22:21

Like I've said before, much of the so-called pensions deficit could be taken care of by a couple of percentage points rise in interest rates and a 1,000 points on the FTSE. It is a non-issue for me.

[dodge meister] 12/2/2017 15:49

Interesting the concern about pensions, probably this from last year report:

"The pension liabilities of the Group are subject to fluctuations arising from
changes in the key assumptions above that are determined by general
market conditions, which are outside the control of the Group. In particular,
a 0.1 per cent increase in the discount rate would reduce the overall pre-tax
deficit by around £45 million, whilst a 0.1 per cent increase in the inflation
rate would increase the overall pre-tax deficit by around £25 million."

So shorters may be betting on inflation, however a large amount of the pension assets are in equities. On 31st Dec 2015, FTSE100 was around 6200, now around a 1000 point higher. This should rather healthily eat into the pension deficit.

[haywards26] 11/2/2017 20:17

Appears the rise is not specific to CLLN, with IRV and BBY also experiencing similar.

[edmundshaw] 11/2/2017 19:37

wad is always greedy! That's what I like about him... :)

[garycook] 11/2/2017 03:45

I would settle for £3 all day long.Wad to greedy mate.

[wad collector] 10/2/2017 16:58

Blackbear, are we expecting an equivalent bid at around £6 ?
That would be a very exciting bit of news for the shorters! I would settle for £4!

[m4rtinu] 10/2/2017 16:56

1.5m volume in the end of day auction. Not sure the usual figure is. Buyers definitely in ascendancy yesterday; not so sure today.

[ny boy] 10/2/2017 16:33

Buyers have stepped up to the plate, since 220p support held.

[blackbear] 10/2/2017 16:32

Remember when Northgate Information solutions was being shorted at 35p with debt concerns, a bid came in at 90p the shorters couldn't do anything but cough up.