Carillion Share Discussion Threads

[careful] 02/8/2017 13:46

maybe risky Wally, but that is where the best gains often are.
remember TW. at 3p.
Glen at 69p less than 2 years ago because of debt, now 330p.
Sports direct recent 30% surge after a price collapse.

[fenners66] 02/8/2017 13:41

"hope they succeed in getting that money owed from the Middle East." ???!!!

What ?!

Do you read the company's announcements ?

The £850m write off was discovered as a result of cash flow problems (see my guess in an earlier post as to how this got reported).

That means that they billed some work that was not paid and was flagged as a collections problem.
Upon investigation it will have been discovered that something was wrong - that's why the client withheld payment.
They concluded by writing off 5 years worth of profit and you still expect them to collect payment ?

Either they now have to do a heap of work to put it right or the client has dumped them and they may even have to pay someone else to finish it.

In my experience when things are going wrong and your supplier is not listening to your complaints - you stop paying - then they take notice. That's what CLLN have told you. The clients have stopped paying for disasters and CLLN have to pay to fix it or just give away the work done so far.

[wallywoo] 02/8/2017 12:40

The share price action is telling another story careful. Falling knives spring to mind. Good luck but IMO you would have better luck on the horses than a hope and see bet on this.

[careful] 02/8/2017 11:54

just topped up.
worth a punt.
hope they succeed in getting that money owed from the Middle East.
things could turn quickly here.
this is no basket case.

[bigdazzler] 02/8/2017 09:31

bigdazzler24 Jul '17 - 12:38 - 7159 of 7280 0 0 Edit
excell124 Jul '17 - 11:36 - 7157 of 7158 1 0
The time to short was from £2.20 not from 60 odd pence.




Pure amateur talk that one lol. The time to short is when you think the price is going down and if the risk reward is there.

It doesn't matter what the price is.


excell124 Jul '17 - 12:41 - 7160 of 7280 5 0
Didn't realise that I was talking to a pro.Wow a real pro on the ADVFN bulletin boards.Whatever next.



Well excel1 you do realise now. I bet you don't reply now. Haha

[scamper] 02/8/2017 09:28

Depth is 43 560k vs 1.06m 71 depth
Every bounce attempt sold into?....for now?

Apart from market makers like Wins moving the prices about not meaning much

[bigdazzler] 02/8/2017 09:26

Well I closed out my short this morning for a very healthy profit.

There could be more to come in fairness but it was the easy trade I was looking for and a return to the previous lows which I have got and I'm happy with.

[staylow2] 02/8/2017 09:26

Ah I didn't see the depth as was using IG's at the time. Only huge numbers on the offers vs bidsOnly thing with depths I noticed some stocks seem to have planted huge bids / offers that are far out of range, so it screws the numbers. (I say this being no L2 expert)

[scamper] 02/8/2017 09:19

staylow, 530k bid vs 1m offer on nice big spread. 25% of trades AT...hmm
I know what you mean as it can be a big mover on any tick up in volume on the thin order book

[staylow2] 02/8/2017 09:03

Scamper, I agree on the L2 front. Although I'm not so sure how much L2 can be trusted anymore.

[careful] 02/8/2017 08:55

cap £226mn.

[gersemi] 02/8/2017 08:54

market's got wind of news..maybe a heavily discounted rights issue

[scamper] 02/8/2017 08:51

Order book L2 looks nasty

[careful] 02/8/2017 08:37

all you hear in steam room is hot air.

[fenners66] 01/8/2017 22:59

> Careful
12th July

"had late punt at 58p.
thinking clln must have a value, only cash position looks weak at present.
hoping that some shorters will close, seems the smart thing to do, take profits."

Not so careful then - now about 53p

You even said in an earlier post that the company would be left as a market value of just the rights issue - that is effectively worthless without it , but now you are buying twice......

[edmundshaw] 01/8/2017 16:46

One huge advantage of being a PI is that, when there is a big profit warning, we can generally exit before the price collapses completely. Exiting at 124p here was not an option for an II unless they could find a friendly short seller who was willing to close.

I am waiting for the DUST to clear before I look to see what value there is in the rubble...

[m4rtinu] 01/8/2017 15:50

Does that mean City have swapped bonds for equity? Is that wise? Also, if they have recalled stock on loan, have they been a bit slow? Or do City get remuneration from the organisation that borrowed stock? Thanks in adv.

[shares and stock markets] 01/8/2017 15:48

No worries these sorts of RNS announcements I tend to ignore since if they had a material effect they would be more widely reported in my news feed

[excell1] 01/8/2017 15:45

Thank you.

[shares and stock markets] 01/8/2017 15:37

Just says an equity swap by City Group with Carillion apart from that not really

[excell1] 01/8/2017 15:27

Anyone understand the RNS?

[shares and stock markets] 01/8/2017 15:23

I'm in at 67p

[careful] 01/8/2017 15:12

sold out of these in 2010 for 355p.
glad I could buy them back at a discount.