Carillion Share Discussion Threads

[srpactive] 27/9/2017 07:14

dealy

Now that is a blast from the past.

Did we cross paths at rtd?

[gkp heros] 27/9/2017 07:02

Onwards and upwards today, I fully expect £1 a share bid minimum.

[pyueck] 27/9/2017 06:56

Giddle I appreciate your comments but I would say it is definitely good news. As I have said before there are no prizes with this one for saying there is blood on the floor. We all know and have known for a while that a) nobody has much of a clue if the business is/has for the last 5 years been profitable, b) how much fundraising is required and how it will affect shareholders and c) whether the company has a future. This is all terrible and hence the share price has gone from 300p to under 50p in a year.

The article is of course good in my opinion because it potentially gives shareholders a lifeline. Maybe they make a good offer, maybe not, maybe management rightly reject it. But it's still good news. I suspect for a lot of shareholders if they could get out with an offer of 75p they would bite it off. For the suitor that would be a cheap way of getting such a large operator which potentially they can then turn around.

[dealy] 27/9/2017 06:24

The 1.2 billion pound drop in market cap more than reflects the 600m pound after tax cost of the scew ups

[racg] 27/9/2017 05:58

The pension deficit being such a massive issue really is a misnomer. The liabilities do not fall due this year, the next or thereafter - they stretch decades into the future. With the cancellation of the dividend contributions can stay the same or increase. What is an issue is the margin they are earning on their contracts. This is something that needs to be dealt with pronto. Hopefully, Friday will demonstrate concrete action on the withdrawal from the disastrous construction side. That, with disposals and cost-cutting should position us as a healthy recovery play. The shorters have done extremely well but the risk is now to the upside. I cannot see them do anything but close now. Perhaps I'm totally wrong but I see only a grind up from herein.

[giggleswickian] 27/9/2017 00:29

pyueck,
I assume you are thinking that the article in City AM is a positive one for shareholders. I am not so convinced and you may wish to consider the rest of the article:-

In addition, Carillion is also saddled with a pension deficit of £650m, more than three times its current £200m market capitalisation.

The UK’s Pensions Regulator is keeping a close eye on the financial viability of the firm. If Carillion were to fail, its retirement scheme may fall into UK lifeboat the Pension Protection Fund (PPF). It is understood the PPF is monitoring the situation from a distance, suggesting an administration is not imminent for the time being.

One source involved with the latest takeover attempt said the “value of the stock is almost irrelevant” given the scale of Carillion’s pension shortfall.

Many City analysts are reserving judgement on Carillion until Friday’s announcement. Some are pinning their hopes that the construction firm, with £5bn of annual revenues, is too big to fail and that the government depends on it to deliver a number of key infrastructure contracts.

[pyueck] 26/9/2017 22:25

Wow tomorrow will be interesting. I am guessing some shooters will be looking for an exit asap. That's if the story can be believed.

[gkp heros] 26/9/2017 21:31

At least one Middle Eastern construction firm is eyeing Carillion's update this Friday ahead of a potential takeover bid for the struggling builder.Final touches are being put to an offer from a new suitor to buy up Carillion's shares and give the operator access to the firm's London listing, City A.M. understands.The bidder plans to submit a letter of intent to take control of the firm. However, it is waiting for the extent of Carillion's financial woes to be laid bare at the end of this week before committing to a bid.If all goes to plan, representatives will deliver presentations on the deal to the company and advisers EY shortly afterwards.The latest bid is unrelated to reports of ongoing talks between Carillion and a number of Middle Eastern construction firms over the sale of part of its overseas operations.Carillion's auditors KPMG are wading through its books ahead of a delayed half-year profits announcement on Friday.Problems with Carillion's contracts prompted the firm to reveal an £845m writedown in July, sending its shares into freefall. Investors have seen 75 per cent wiped off the value of their stock since the announcement. Carillion subsequently crashed out of the FTSE 250 in August.Such writedowns relate to three-quarters of Carillion's contracts. Concerns remain that if KPMG were to unearth similar problems in the remaining contracts, it could be terminal for the company.

[neilyb675] 26/9/2017 20:46

details........

[dealy] 26/9/2017 20:42

City am article. Could be interesting

[gkp heros] 26/9/2017 19:09

Carillion Middle East suitor plots takeover attempt and prized London listingby Oliver Gill26 September 2017 6:00pm

[racg] 26/9/2017 06:15

I am definitely feeling optimistic about this being a good day.

[racg] 25/9/2017 20:06

50p ain't going to cut it for me.

[racg] 25/9/2017 18:36

Curse them, horrors.

[carbon man] 25/9/2017 18:20

Good Auction volume tonight. 440/- @ 46.5 is the pointer for tomorrow. Probably some bear closing, but more to come. Lots of possibilities are now appearing.

[gkp heros] 25/9/2017 17:20

Break 48 tomorrow then these are looking good for a recovery back over 50p and beyond

[fenners66] 25/9/2017 15:42

What evidence do you have for that presumption?

[racg] 25/9/2017 10:17

@rc2 - I will give you that.:)

@wally - get back to your bit part in Dad's Army, you need practice on the Scottish accent.

[wallywoo] 25/9/2017 10:12

This share is a really good lesson in the cycology of investing. Despite all the signs people still believe this is the bargain of the century (incredible!).

Not long to wait now, posts are all very similar to the last large fall. Remember this is the most shorted stock on the market (it has 50% higher proportion of shorts than the next company). If you are thinking of investing, don't or at least wait until next week. You will not regret it IMO

[rcturner2] 25/9/2017 10:02

Holding Carillion shares seems to make people angry!

It's a high risk share, more of a gamble than an investment. We'll find out this week how bad things are.

[racg] 25/9/2017 07:45

Go jump off a bridge wllmherk🌉
27753;🌉.

You are wrong. There is no simple expression of a different opinion. It is an overt continual bias.

Thankfully, your wish that I lose all my money, has no bearing whatsoever on whether I will.:)

[wllmherk] 25/9/2017 07:37

you deserve to lose money on these racg, why attack those that simply express a different opinion ?

wllm

[racg] 25/9/2017 03:28

Go play in traffic fenners♌ԅ12;