Carillion Share Discussion Threads

[simian74] 15/7/2017 20:03

Being rewarded for failure, poor state of the world we live in, sorry for carillion hard working people, from cleaner to hard working staff on construction prjoect who geafted for the ceo

[simian74] 15/7/2017 20:02

Lost 800million while being paid 1.5million laat year

[winston270] 15/7/2017 19:00

m4rtinu - I don't work on the Carillion site day to day, so can't comment fully. As far as I'm aware, it's still very much business as usual, even despite all the press reports / shareprice crash. The Carillion team I work with seem pretty on the ball, but that is just one small element of one construction project. Obviously Carillion feature heavily in the general chatter amongst rival construction firms with people speculating about whether they'll survive / sub contractors will be paid etc. One thing that has recently been confirmed on my current project, is that the completion date has already been put back by 6 months, completition of construction phase is still some way off, then there is a large fit to follow out i.e. there's still another 18 months+ to go.

I personally think the whole Construction Industry needs a good shake up / including contract terms / level of risk undertaken by all. I don't see how firms like Carillion can put a fixed price on a construction project spanning years involving 30+ different trades & specialities, especially when the tendering takes place a year or two earlier than construction actually commencing. Also during construction phase, it only takes one thing to go wrong in the early stages with just one trade and it has a knock-on effect with other following trades and delays / costs can easily spiral. There are also a lot of grey areas where extra work/costs have to be absorbed by all parties, as they are not necessarily clear cut extras and often go under the 'design development', this effects both main contractor and sub contractors. There are just far too many variables....

With margin's really low, the risk/reward ratio does not favour the likes of Carillion & others. There are two other projects I've worked on post recession, where two different main contractors took big hit on construction projects, neither of them were Carillion.

[123trev] 15/7/2017 18:28

This stock is a shorters heaven and going o oblivion!

[russell250] 15/7/2017 17:41

has anyone picked up any factual news today ??

[racg] 15/7/2017 17:36

I see usual service has resumed on the thread.

[r ball] 15/7/2017 15:57

My figure was just a guess. Just like going long with this share. Too risky for me... thanks

[moopdoom] 15/7/2017 14:46

R Ball,Then why does the market price at >20% premium to your expectation given your argument for that expectation is fully known?

[racg] 15/7/2017 14:39

Fair enough, it might play out as you say, I hope not. Perhaps combo of asset sales, Divi suspension and RI will be enough. The point about volatile share register being a stop on a RI is a fair one I had not entirely considered. Still, a lot of shorts need to close and they are already in the money magnificently. Good news on any front may tilt the risk to the upside. All, supposition I know. I guess it'll play out as it will. Fingers crossed on my part.

[r ball] 15/7/2017 14:30

Sorry. But how can you offer shaaa above current price. A rights issue also out of the question as hate register is too volatile. This has all the makings of an accelerated book build or heavily discounted debt for equity swap. I would expect price to drop to 30-40p range. If not: it's goodnight Vienna.

[racg] 15/7/2017 14:23

I take your point but as I said would not a massive short squeeze occur upon the RNS?

This is predicated on the belief Clln can sort themselves out and the fact that the shortest do need to close.

Anyhow, just an idle thought, I will let wiser heads comment.

[r ball] 15/7/2017 14:20

Why not issue one share for £400m by selling 800m raffle tickets for 50p each and announcing the lucky winner in a weeks time. Why not call it a day and call in the liquidators?

[r ball] 15/7/2017 14:16

Who would buy a share for £1 each when you can buy at 56p

[racg] 15/7/2017 13:49

This may be totally impossible but could they not issue 1 share for each held at say £1 a share, raising £400 million odd and thereby forcing a totally massive short squeeze?

Perhaps you would say they ll just buy in the market for less but surely on announcement the price will literally double for the market shares?

[russell250] 15/7/2017 13:49

r ball - I don't believe you - in current environment with all press coverage - why have you not approached a national paper - they be jumping all over that type of story after this weeks news -- you would get a speedy resolution -- that's why - I don't believe

[racg] 15/7/2017 13:42

R.Ball and then you ll be out of work? Bit silly, you ll be the last in line to suffer the tribulations of carillion. Shareholders, bondholders etc will take the brunt. There will be a political imperitative not to shaft those at the coalface I sincerely believe.

[r ball] 15/7/2017 13:41

We do that to all our customers who don't pay. We even go in and re possess items not paid for.

[m4rtinu] 15/7/2017 13:31

R Ball. Thanks. I presume that is suppliers/ sub-contractors, not CLLN employees ;)

[r ball] 15/7/2017 10:55

M4- we are stopping work until paid.

[m4rtinu] 15/7/2017 10:46

Winston - thanks for posting. I would be interested in any general news you could give on current situation of Carillion projects. Not financial, just how things are day-to-day. Cheers. MU.

[right honorable lord lucan] 15/7/2017 10:46

I've been watching this like a hawk every day and still can't see any reason to jump onboard. I'm with you on the wait and see what happens after the RI which must happen immediately for the company to survive. I believe Monday morning will paint a clearer picture.