Carillion Share Discussion Threads

[sux_2bu] 17/11/2017 17:19

Good luck Mr Ant.

When you cash in, spend a little fixing your caps lock :-)

[bullet ant] 17/11/2017 17:17

SUX BEEN SHORT FOR A LONG WHILE, SINCE DEALY MADE HIS APPEARANCE HERE.

AS A MATTER FACT CLOSED IN THE MORNING, WHEN REVERSED AND THE SHORTED BIG AT ABOVE 28P, BASED ON THE FACT THE LOWEST PRICE TODAY WAS 15P, LOADS WERE IN PROFIT BUYING FROM LOWS AND I ANTICIPATED PROFIT TAKING.


THIS DOG IS BANKRUPT.


BA
STEALING IS GOOD

[sux_2bu] 17/11/2017 16:54

Big traders think this is worth 1p !


The real disaster story this week is Carillion (CLLN). Just weeks after we reported that "risk outweighs reward", the accident-prone profit-warning addict has done it again, warning Friday that profits will be "materially lower than current market expectations".

That means it will breach banking covenants and will likely require "some form of recapitalisation". Carillion's massive pension deficit makes a rights issue tricky, so some form of balance sheet restructuring is on the cards "during the first quarter of 2018". Expect a debt for equity swap.

After bottoming out at 16.5p, the share price has bounced to 28p, but that could be as much short-covering – investors who'd bet on further sharp declines in Carillion's share price buying shares back to bank profits – as anything else.

Taking a long position in Carillion remains as high-risk a trade as ever.

Broker Liberum certainly thinks so. 'Sell' it screams, slapping a price target of just 5p on the shares. UBS goes further, given a significant deterioration in cash collection.

"Our valuation was already in slight negative equity value today and with higher debt and lower earnings this would widen," it says. "We set our price target at 1p".

[sux_2bu] 17/11/2017 16:10

CC201417 Nov '17 - 15:25 - 9679 of 9685 0 0
er - because it's going down?

..............................................

It sure is but what if it's suspended ?

[rogers8] 17/11/2017 15:58

Even Carillion's Bankers have stopped taking services from Carillion. Please see below:



hxxps://facilitiesmanagementforum.co.uk/carillion-exits-rbs-contract-two-years-early/

[sux_2bu] 17/11/2017 15:54

Jaf, keep up to date with text speech, you are even behind on that front. Read up on legislation, it's boring stuff i know... ;-)

[jaf1948] 17/11/2017 15:47

sux,

2 points:

1. You can't be 'verbally attacked' by the typed word. 'verbally' means the spoken word.
2. I complained mainly about your vile language not about your content.

[rcturner2] 17/11/2017 15:44

hahahahhahahahha

[999rp] 17/11/2017 15:35

not for long, there are lucrative parts of the company that may be sold off not to mention a possible takeover. at these prices the price of the share has to bounce on Monday, remember that a lot of write ups in the weekend press....
onwards and upwards.

[cc2014] 17/11/2017 15:25

er - because it's going down?

[sux_2bu] 17/11/2017 15:21

Why short now, you should have at 210p .That's when I said the price will collapse, I was subsequently verbally attacked by Juf and his broke back mountain pals.

[cc2014] 17/11/2017 15:15

My broker won't let me short CLLN even at 100% margin !

[peppypants] 17/11/2017 13:26

It's Russian roulette......

[cc2014] 17/11/2017 13:23

hmm. I'm not sure it's too big to fail. I think the rest of the industry would be delighted to see CLLN go to the wall. Everyone knows CLLN have been taking on work at unsustainable margins for years and holding margins down.

Remember the government have been seeking assurances from some time from their JV partners that they will take over the work if required.

It will be interesting to see how this pans out in 6 months time

[american idiot] 17/11/2017 13:21

Too big to fail BUT 100% certain to leave current shareholders with NIL.

Shareprice + market cap far too low now to pull off a rights issue / open offer.

[senor_sensible] 17/11/2017 13:01

hxxp://www.healthcareglobal.com/hospitals/carillion-alawi-awarded-316mn-sultan-qaboos-hospital-contract

[senor_sensible] 17/11/2017 12:59

From Construction News:


A debt-for-equity swap still appears the most likely option, according to analysts. And there remains a general consensus that Carillion will survive.

As Applied Value analyst Stephen Rawlinson said: “It’s in everyone’s interest for Carillion to survive. It has JVs with some major rivals.”

The firm is also still winning contracts; deals on HS2, Network Rail and contracts for its Oman JV will all add to the coffers.

“Some investors might think this is the end, but Carillion is too big to fail,” Mr Wilson says.

[glenkaz] 17/11/2017 12:58

💥🚀

[dealy] 17/11/2017 12:50

They will get the waiver.

[fenners66] 17/11/2017 12:40

" 50m here or there at this stage is irrelevant"
cough cough !

So if it was your £50m as a supplier you wouldn't care less about it huh?
Maybe extend credit to 365 days - no sweat ?

Fantasist

[fenners66] 17/11/2017 12:38

I have asked dealy before if he has ever worked - I cannot imagine he has any relevant experience - except working in Iraq as a propaganda officer....

[sux_2bu] 17/11/2017 12:33

Worth a punt at 5 pence