Carillion Share Discussion Threads

[nomdeplume] 26/7/2017 11:14

RCT2 : In general, I accept what you are saying. I'm not trying to talk up Carillion. I'm sure that the industry may have learned from past mistakes. I can't accept that anyone tenders with the intention of making a loss.

[fenners66] 26/7/2017 10:59

excel - as previously stated

Try reading the accounts for once - 31,628 employees and a cost of £902m

[bigdazzler] 26/7/2017 10:11

Come on then excell1 you like to hand out the advice, what trades are you advising on today?

[bigdazzler] 26/7/2017 09:49

Keep focused on the downtrend lads and ladies.

[excell1] 26/7/2017 08:30

Are the 43,000 employees directly employed by Carillion or does this include a total of employees and subcontractors?

[rcturner2] 26/7/2017 08:30

nom, its an industry wide problem, why do you think so many of these companies have problems? Several big players have gone bust in recent years (Rok and Connaught) and other FTSE companies such as Interserve and Balfour Beatty have had to admit to pricing problems on contracts. There is just no room for error, they are not properly pricing the contracts based on a normal distribution of returns on the jobs.

[m4rtinu] 26/7/2017 08:23

Problems in the Aberdeen road build appeared not just related to Carillion, but did the other 2 companies do less badly?

'In Aberdeen, Carillion, Balfour Beatty and Galliford Try tendered for subcontractors to do work including drainage, plant and equipment hire, earthworks, steel reinforcement and rock crushing, through contracts worth almost £200m.

“Contractors are increasingly really struggling to manage their business,” says Mark Farmer, who recently wrote a Government-commissioned report called Modernise or Die on improving construction efficiency.

“Although employing subcontractors helps businesses avoid a large payroll and keeps overheads down, it does have its downsides,” he says. “Many companies now want to have more control over who’s delivering the work, which means moving away from subcontractors.̶1; '

[nomdeplume] 26/7/2017 08:14

RCT2: If it were just Carillion, I would agree. However, it's not, it's Carillion, Eiffage and Kier, and Eiffage and Kier have agreed to complete the contract in the event that Carillion go under.

[rcturner2] 26/7/2017 07:49

nom, as fenners says, the HS2 contracts would have been priced a long time ago. The level of uncertainty in the contracts is very high. On a simple statistical basis across the whole industry there is quite a significant chance that these contracts are mispriced.

[m4rtinu] 25/7/2017 22:26

A bit late to be of use to us PIs but an interesting article nonetheless.

[nomdeplume] 25/7/2017 15:05

RCT2 : I can think of two reasons: given the previous problems, they may well have been more cautious; this is a consortium, are we to believe that all three are wrong?

[rcturner2] 25/7/2017 13:59

They are currently making something like £800m of provision on contracts that have been mispriced. How do you know the HS2 contract wont go the same way? Their margins are wafer thin as it is.

[right honorable lord lucan] 25/7/2017 13:47

Hot... CLLN are in a syndicate with 2 other major builders. The syndicate has promised to forfill the contract. Drift get?

[sux_2bu] 25/7/2017 13:46

They are technically bust, what you on about mun.Average down? Danger.

[hot_property] 25/7/2017 13:44

56p is good area to buy, then buy by averaging down to 50p. buyshares hold for few years, easy cash.

They have HS2 rail link contract, would have had to go through stringent assesment. They are not going to go bust.

Take stock from weak holders.

Looking at buying at lower levels...

[bigdazzler] 25/7/2017 12:56

racg25 Jul '17 - 10:15 - 7186 of 7189 1 0
If I relied on brokers I d be as poor as you/church mouse. Brokers not to be believed. Analysis given for free precisely worth what you spent on it.



If you was as poor as me you would be happy and wouldn't be spouting nonsense.

[right honorable lord lucan] 25/7/2017 12:47

Racq. Start taking notice of the brokers

[sux_2bu] 25/7/2017 12:41

This will go Into auction soon while the rats try to quickly exit the sinking ship.

[sux_2bu] 25/7/2017 12:39

Where's the rampers now.

[racg] 25/7/2017 10:15

If I relied on brokers I d be as poor as you/church mouse. Brokers not to be believed. Analysis given for free precisely worth what you spent on it.