Carillion Share Discussion Threads

[srpactive] 02/11/2017 08:31

RCT2 9274 comment

They were turning around nicely after winning £96m contract,
to please the lenders. GB would not them use the contract
for lending purposes and hence the fail. That is why it
failed. They would be in a very strong position now.

The difference here is the Conservative party are against
nationalisation unlike Labour at that time.

[nicksig] 02/11/2017 08:31

It costs institutions money to maintain any short position in size so if this looks like the bottom (even if a temporary one) I'd expect some to start closing

[ileeman] 02/11/2017 08:28

Big money flowing in. Shorts continue to close.

TCG turn around would be nice.

[russell250] 02/11/2017 08:22

I am in profit - keep going

[nicksig] 02/11/2017 08:20

Well that news has been well received. Ding a ding dang do

[rcturner2] 02/11/2017 08:18

So he was CEO of Jarvis when it went under? And that is a good thing?

[ileeman] 02/11/2017 07:59

More good news.

"Alan Lovell's extensive executive career has included several Chief Executive roles, including Infinis Limited, Costain Group plc and Jarvis plc. These roles included working with companies at times of financial stress and in turn around."

[kingkongtimmo] 02/11/2017 07:50

A close above 47 and id imagine it's game on.

[kingkongtimmo] 02/11/2017 07:49

Another strong appointment with relevant experience.

[kulvinder] 01/11/2017 18:28

Looking like differing views, fool think sell and Motley Fool think it is worth a gamble to buy at these levels. Who to believe it 50 50!!!

[wolfhound1] 01/11/2017 17:23

With CEO pending til April 2018 I suspect it is tread water and continue to bail......

[rcturner2] 01/11/2017 14:02

My view of the chart is as follows:

At the moment a very gentle uptrend in the lows is about to meet a sharp downtrend in the highs. So fairly soon the buyers and sellers will have to fight it out to see where the trend goes, I think a big move either way is brewing.

[wallywoo] 01/11/2017 12:39

same question to you then, DR M? My analysis is that because the trend is down (both short term, from the failed recovery in July, End Sept and mid Oct - all with lower highs) and obviously long term. Where has TA shown that the share price will reverse?, or are you just buying and hoping?

[drmaccers] 01/11/2017 12:32

No it's not

[wallywoo] 01/11/2017 10:50

Yes but a higher high and higher low is a signal, yours is not.

A SP, not breaking higher or lower, when in a downtrend is not a signal. It is just having a rest before resuming the down trend?

[ileeman] 01/11/2017 10:45

So you told me to give you a chart signal and I gave you two and now you say higher lows are insignificant, now who is a delusional haha

Going round in circles, you want to waste your time bashing because you are bitter go ahead. Its not going to change the share price.

Sad.

[wallywoo] 01/11/2017 10:42

Show me a technical analysis link where this chart indicates the share price is changing trend.
I only see a downtrend here. Your higher lows scenario is tiny and insignificant if valid at all. The fact that the share price has held a range and been sold off every time it tried to rally (with lower highs each time) is a down trend confirmation?

[ileeman] 01/11/2017 10:35

"give me a chart signal"

Here is some basic analysis for you, its held on this range for months, ussually indicates a floor. Also higher lows on daily chart.

200-300p was for shorters not here lol You are just bitter about what has happened and cant let go. That is the way I read it.

Good luck

[wallywoo] 01/11/2017 09:53

iLeeman: the buyers at 200p said exactly the same thing (except that the share price was 300p a few months before.

The trouble with bottom fishing, is establishing the bottom. And currently there are no signs this is it, hence you are Buy and hoping. Give me a chart signal / tech analysis anything to say otherwise.

I have played this game a long time. You always get the odd hopeful article that holders cling on to at this stage. Without a clear chart signal HOPE is the main word, it is more religion than investing

[dangersimpson2] 01/11/2017 09:52

I think it will recover as a business but not until it sells off non-core assets and raises around £500m of fresh equity.

That it doesn't just raise that equity now is not a sign of strength (don't need the money) it is a sign of weakness (shareholders aren't willing to commit.)

The price that the equity is issued at is completely irrelevant in a rights issue so they are not waiting for a higher share price. Large shareholders are waiting to check that the asset disposals go as planned and no more skeletons come out of the closet. The banks/bondholders are already on the hook for close to £1bn of debt so they are supportive - presumably with the promise that they get all the proceeds from the non-core business sales.

At current market cap for every £1m of shares someone owns they will have to commit something in the region of an additional £2.5m. If it goes bust now they lose £1m but if something else goes wrong after the rights issue and it goes bust they have lost £3.5m. Hence the wait and see approach.

That's why it is risky having a large position now - both from the risk of complete loss if the turnaround is unsuccessful and if it is successful to retain one's stake one has to keep c2.5 times one's current holding in cash ready to commit to the rights issue to maintain one's percentage holding in the company and take part in any subsequent recovery.

[ileeman] 01/11/2017 09:46

The reward for shorters was from 200-300p not at 40-50p. Would I have been bullish at 200p+ no but am I bullish down here yes.

The reward now favours longs at these levels and if it does go into recovery mode then looking at a huge rise and that is why I have bought.

Anyway no point going on about it, shorters and bitter people will always try to bash its what they do.

Good luck.

[rcturner2] 01/11/2017 09:25

iLeeman and racg just sound exactly like JAF, kcsham and lab did before the crash.