Carillion Share Discussion Threads

[losses] 21/8/2017 15:33

This will trickle down slowly sucking in more buyers before rights issue...Seen it too many times

[right honorable lord lucan] 21/8/2017 14:48

There's go the 50p support

[fenners66] 21/8/2017 13:26

I don't think the jobs of the actual "workforce" are at risk. If the work needs doing then it will get done and paid for, however the ownership of the company that finishes it is where the change would be.

As for senior management they may well lose jobs - but again they probably have tied themselves to great contracts so will not be losing sleep.

The risk here would be the shareholders.

[fenners66] 21/8/2017 13:22

Cheers Speed

[andysaw] 21/8/2017 13:19

Well I just tried to put forward the situation it is in irrespective of the product. This is my last post here. Hope it proves me wrong completely. Good luck all

[speedsgh] 21/8/2017 13:18

@fenners66 - from 2016 Annual Report...



pg46 of pdf: "Deficit recovery payments to the Group’s pension funds of £46.6 million (2015: £47.4 million) reflected the current agreement with the Trustees of the Group’s main defined benefit schemes and these payments are expected to remain at a similar level in 2017, pending agreement of the triennial valuation due at 31 December 2016."...

p133 of pdf: "The next actuarial valuation for these schemes as at 31 December 2016 is currently underway. The Group expects to make payments totalling £50.2 million to defined benefit schemes during the next financial year."...

[gkp heros] 21/8/2017 13:15

Not companies the government have supplied the HS2 contract to!!

[excell1] 21/8/2017 13:14

WHAT Afren was nothing like this company. Oil stock based in the middle east.Come on you will have to try a bit harder than that.

[andysaw] 21/8/2017 13:13

Well, I would like it to survive as so many jobs are linked to it and had similar thought for Afren previously. These are my obvious reasons for the similarity. Acquisition doesn't look like an option because debts are huge, reducing the debt looks extremely difficult due to future contracts with less profit margin and running the company with absolutely no cash reserve IMO. It is very easy to think only in one direction when funds are invested but I assume you have some reasons to be invested. In any case ATB

[nomdeplume] 21/8/2017 13:01

Which raises the question: "Why are you here then?"

[rcturner2] 21/8/2017 13:00

Afren big stock everyone said to big to fail, bulletin board very similar to this one. Big companies go bust all the time.

[andysaw] 21/8/2017 12:57

I don't short shares but I remember similar stock AFREN a couple of years. I don't understand why people buy such shares when the future looks so imminent.

[nomdeplume] 21/8/2017 11:42

Fennel : You are beginning to sound desperate.

[fenners66] 21/8/2017 11:12

The pension deficit has increased.
Benefits accrued to date still have to be paid for they do not get negotiated away only the future new benefits can be avoided.

Pension fund trustees are not interested in possible gradual reductions of deficits - but actual positive action to reduce - which for the most part means the company funding more from day 1.

I believe its normal to have a formal fund valuation every 3 years - so when is the next review?

That's when the trustees get to insist the company does action to reduce it.

[sparky333] 21/8/2017 10:58

Haike last chance below 40p

[careful] 21/8/2017 10:32

of course the deficit will be reduced gradually over the next few decades.
maybe it will take care of itself with little action.

[gkp heros] 21/8/2017 10:17

Exactly Excel must of these muppets are short!!

[fenners66] 21/8/2017 10:15

You can read some of what I post - try reading the rest.

[excell1] 21/8/2017 10:15

I will not be selling for less than a £1 and I won't be waiting long for that.

[gkp heros] 21/8/2017 10:12

Fenner how's that short?Squeaky bum time pmsl

[fenners66] 21/8/2017 10:07

Careful I bet you are NOT an actuary.

Where do you think their handbook says -ignore the huge deficit in a few years time interest rates will rise?

The next review of the pension fund - when is this? - will mean that the company HAS to commit to reducing the deficit.

[fenners66] 21/8/2017 10:04

And if they suddenly find a diamond mine under head office?

His simulation of what could happen deals with what we know not speculating on interest rates.

They said interest rates would be 3% by now - but they are not.

Brexit will likely need more support for longer through interest rates and the govt knows it still needs to reduce debt not continue to borrow more at higher rates.

Wallbrock - that seems to be a well thought out stab at what could happen

Unlike the ramping lets just ignore all the information the company already gave us posts....

[careful] 21/8/2017 09:47

such detail walbrock, all guesses.