Carillion Share Discussion Threads

[fenners66] 24/9/2017 21:20

GKP >

"A debt-for-equity swap is also a possibility, while the company's sizeable pension liabilities will require some form of restructuring."

So after posting one of the most negative articles ever about any company - you now think (!?) that these will go up?!!

Either you are having a sarcastic chuckle or you have no comprehension at all at what you posted - in which case get yourself back to the bookies you will have just as much chance.

A threat of a debt for equity swap is credible and just the threat alone can bomb a share price. An actual debt for equity swap could wipe out current shareholders.

Why is it credible? The article says the banks are calling the shots and if they want to they can drive it through.
Who loses ?
Current shareholders , not the banks and not the employees or clients , win win win - lose.

[pyueck] 24/9/2017 11:25

Have people read the ft article? Looks like they tried to get a rights issue away but investors were not interested. Now trying to sell off Asian operations (how much can these be worth as huge writedowns just announced on them?) and then potentially a rights issue later in year. If not that then either a debt for equity swap or oblivion. I doubt oblivion will happen as not in interest of debt holders, but existing shareholders could be left with little.

I guess good outcome would be a sale of Asian operations for decent price and no new writedowns. Potentially smaller more profitable business without dilution.

On other side by not raising money now they are walking a fine line. At some point they will breach covenants and the banks will say they either call it in or screw shareholders over with massive debt for equity swap.

[racg] 23/9/2017 11:03

GKP - do not want to be a downer but where is the positive news in the sky piece? Hope you are right.

[excell1] 23/9/2017 10:25

Think we got your play on words there escapetohome regarding Con.
No need to keep repeating it,it gets tiresome.

[escapetohome] 23/9/2017 09:56

"A crucial set of results."

Can anyone have any confidence in figures produced by a CON - struction company?

I give them zero credibility whatsoever.

Never ever trust a CON - struction company or their dirty dotard management.

I do not single out carillion, i would not trust a single CON - struction and their allied creepy CON - sultants.

[gkp heros] 23/9/2017 09:37

Watch these fly Monday as the shorts now start to exit

[gkp heros] 23/9/2017 09:33

Watch these fly Monday as the shortest start to exit

[gkp heros] 23/9/2017 08:09

Don't short this Monday LOL

[gkp heros] 23/9/2017 08:04

A pack of UK banks have drafted in advisers to steer them through a financial restructuring at Carillion, the troubled support services group.Sky News has learnt that lenders including Barclays, HSBC and Royal Bank of Scotland have appointed FTI Consulting ahead of a crucial set of results that Carillion is due to announce next week.FTI is said to have been hired in the last few days by the banks, which have lent hundreds of millions of pounds to Carillion.The future of the construction company, which has a key role in major public infrastructure projects such as the HS2 high-speed rail link, was plunged into doubt by a huge profit warning in July.The alert, which Carillion blamed partly on big writedowns on a number of projects, sent its shares crashing.Since then, it has ousted its chief executive, finance director and other top managers, bringing in a slew of City advisers to plot its recovery.The recruitment of FTI by Carillion's biggest lenders comes amid speculation by City analysts that the company will be forced to launch a massively discounted rights issue to raise enough capital to secure its future.It is also selling a number of divisions in the Middle East, Canada and the UK healthcare sector to raise several hundred million pounds to help shore up its balance sheet.A debt-for-equity swap is also a possibility, while the company's sizeable pension liabilities will require some form of restructuring.Carillion is one of the UK's most important infrastructure delivery companies, with a major presence in maintaining roads, rail services and military bases.The company has hired EY, the professional services firm, to accelerate its cost reduction and cash collection.While it now has a market value of just £188.24m, the company effectively carries a huge multiple of that sum in debt and other liabilities.Carillion has annual revenues in excess of £5bn, and employs approximately 43,000 people.The company declined to comment on Friday.

[gkp heros] 21/9/2017 21:21

They pull out the ground hog he sniffs around and said sorry folks there is 7 months of winter coming before drilling can resume. It's cold out there it's cold out there every day in the Artic. Get your nuts and acorns buried. It looks like you lot will be hibernating longer than the squirrels this year PMSL

[simian74] 21/9/2017 20:08

Company with many nice propects, but has been run by greedy, single minded directors looking after themselves, the troops on the ground have been deprived of pay rises for years whilat these lazy lying fat slobs creamed the cream for themselves of the back of hard work of staff who generated profit for the business. Howson, wakefield and his little footstool khan, and green should be all rounded up and questioned for eroding the company, and jeoperdisong their staffs livleyhoods. Not good

[fenners66] 21/9/2017 17:14

Too right - the company is still worth more than £1

For the whole of the share capital........

[excell1] 21/9/2017 16:54

From another board:-

The plan must be to get as many investors out of these as possible before the 29th.
All this taking the share price up and then down leads investors to sell on any upwards movement,fightened that it will drop again. Psychologically the hedge funds appear to have the upper hand. One day the share price will go up and just continue to rise and rise. Do not be caught out. I will be here at a £1 plus.

[racg] 21/9/2017 16:40

Any, substantive reason for that GKP?:)

I would not like a takeover at 45p - I would be tearful:(

[gkp heros] 21/9/2017 16:26

Boom, I think take over could be on the cards here

[sofa surfer] 21/9/2017 09:54

KIER up on positive results. Does this signal the start of a sector turn...

[sofa surfer] 21/9/2017 09:54

*double post error*