Carillion Share Discussion Threads

[rcturner2] 20/11/2017 09:13

I am not sure that this is even legal. There are limits to the amount of a pension fund that can be held in the parent company.

[fenners66] 20/11/2017 09:07

The firm’s pension scheme, which had a £587m deficit in June, may swap some of its liability for shares as part of a wider debt for equity swap to restructure Carillion’s balance sheet, the Sunday Times reported.

Carillion declined to comment.

Is that the ultimate gun held to head moment ?
CLLN is so precarious that the pension scheme would be asked to accept worthless paper or risk going into the government safety net if CLLN goes bust .

I have said for weeks that the idea the pension fund trustees would swap cash funding they were due for interest and deferred receipts could only go through if they were convinced that the company would go bust if they did not.

Now they may be forced into the D4E swap - well be sure to understand the pension fund creditor stands a long way in front of the shareholders, who with a company worth £100m , debts of say £1200m and pension deficit in excess of £600m , a debt for equity will substantially dilute shareholders.

Remenber Lovell has form - 95% dilution for Jarvis shareholders and they still went bust.

[knigel] 20/11/2017 08:22

Kirk - yep great for those who sold out Friday with big losses ahead of this news... 50% drop wasn't it?
If company cannot get good news out before bad news then no wonder the share price tanks!!

[deanroberthunt] 20/11/2017 07:58

could be 30p could be 15p, it's a gamble now, pure...

[kirk 6] 20/11/2017 07:57

Dean come on I'll be our before then ffs how thick are you?30p today

[samdb] 20/11/2017 07:57

Stricken contractor Carillion is fighting to recoup a multi-million pound fee from a recently aborted mammoth local council contract.http://www.cityam.com/276010/carillion-wrestles-local-authorities-multi-million-pound-uk

[balbains324] 20/11/2017 07:47

This is the stock market my friend....anything is possible!!

[deanroberthunt] 20/11/2017 07:44

not if it goes to 15p

[kirk 6] 20/11/2017 07:44

Will be in the 30s today in no time

[glenkaz] 20/11/2017 07:39

🔥💀 lucky I sold at 28 and bought back 22 lol! 💥🚀

[kaur70] 20/11/2017 07:38

slowly this giant can start to pick itself up...

[kirk 6] 20/11/2017 07:37

Knigel bollucks would not have been such a good trading opportunity

[deanroberthunt] 20/11/2017 07:34

-5% margin, at best

[bigsi2] 20/11/2017 07:32

Great- new contracts at 0 margin

[knigel] 20/11/2017 07:31

Should have released the update and framework RNSs at the same time - at least the share price would not had dropped so much!

[kaur70] 20/11/2017 07:31

Phew 30/40p just from here I reckon
Then more news like this should do a steady growth back!
Good luck all long term sufferers!!

[kirk 6] 20/11/2017 07:27

Would be going some to hit 60p today

[dealy] 20/11/2017 07:24

10p gain is only 40m in market cap. Below 60p is already a disaster for shareholders but still provides upside for traders

[kirk 6] 20/11/2017 07:20

Will be a great trading day today should see the 30s

[dealy] 20/11/2017 07:19

The shareholders have already taken a billion pound hit. That's more than the after tax cost of the screw ups. Balance sheet to improve daily from here

[r ball] 20/11/2017 07:17

Just a question of how long it'llTake to get to 1p

[kirk 6] 20/11/2017 07:17

Excellent news arillion PLC Framework AwardSource: UK Regulatory (RNS & others)TIDMCLLNRNS Number : 9377WCarillion PLC20 November 201720 November 2017Framework AwardCarillion plc ('Carillion' or 'the Group') confirms that it has been awarded two lots on the Education & Skills Funding Agency's ('ESFA') school building framework.The new framework is for a period of four years and replaces the existing ESFA Contractors Framework, on which Carillion was also a provider. The framework provides a procurement route for education providers to access pre-selected contractors to deliver new education facilities.Carillion has been appointed on both lots it bid, covering the north and south of England, for high value projects (worth more than GBP12 million). These are anticipated to be worth cGBP2.64 billion in total over the period to 2021, with the Group one of nine contractors selected on these lots.Commenting Keith Cochrane, Interim Chief Executive, said:'We are pleased to have re-secured our position on this framework, demonstrating that we continue to retain the confidence of key customers despite the Gr

[fenners66] 19/11/2017 23:14

As for what else can the lenders do than "nothing" ?

You really should not be gambling on shares when you are so naive.
Read the posts here

They can take the company away from the shareholders via debt for equity, if that is not viable then they get paid as preferential creditors in any winding up - shareholders get nothing.

This board is about the effect on shareholders anyway so its what the measures they insist on do to the shareholders value and they are not charities.

[fenners66] 19/11/2017 23:03

Come on dealy - either admit you are short with a cunning plan or you bet your house on this