Carillion Share Discussion Threads

[deanroberthunt] 21/11/2017 09:07

the "company" isn't a living entity, it's just a "thing" that's listed in companies house....it's the "people" that exist within the mechanism that act out this way

[rcturner2] 21/11/2017 08:57

On the contrary, the vast majority of people in business are honest and ethical in my experience (I run my own business). Companies like Carillion get found out and get called out and go to the wall.

[ignoble] 21/11/2017 08:56

It does seem that way ... rather sad

[ebomber] 21/11/2017 08:11

EIC went bust in June 2016 because of Carillion non-payment. You have a valid point Steak1

[craigc25] 20/11/2017 22:59

Just to be clear, you work for more than one supplier to. Carillion?

[craigc25] 20/11/2017 22:55

You also said one of the companies, can we have some professional derampers here, pretty poor !!

[craigc25] 20/11/2017 22:54

Just to be clear you are back tracking

[steak1] 20/11/2017 22:48

just to be clear the comments i said below our in relation to the company i work for i can not say that is the situation for all of carillons suppliers although it would not surprise me

[craigc25] 20/11/2017 20:31

Thought not, and the credit insurers are withdrawing from lunchtime tomorrow, not from first thing in the morning. I would not pay your wages for that deramping today, must do better

[craigc25] 20/11/2017 18:57

Trade insurance lol. Those idiots never pay up anyway, do any of you run a business??

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

I thought the selling abated this afternoon we are very close to getting the bounce

[citycanary] 20/11/2017 16:23

can't blame the sellers - most don't want to be in this overnight and dreading a potential 'suspension RNS' at 7am.....

[cc2014] 20/11/2017 15:40

Moving into the last hour and the selling is winding up as I speak. Expect a test of 20p at some time.

CLLN have been doing business that way going all the way back to Tarmac days in the 90's to my knowledge Steak1.

As I've said before it's the supply chain that's their real issue not the bondholders and once the supply chain pulls in creditor days it's curtains. I suspect CLLN won't be able to support paying companies quicker and they will simply run out of suppliers in certain areas

[ebomber] 20/11/2017 15:30

steak1
If true this is curtains for CLLN. Imminent suspension of trading.

[steak1] 20/11/2017 15:28

One of the companies i work for is a supplier to carillon, the situation is very sad, most of the staff are nice people, but we were rarely paid on time, when the payment was due on 65 days end of month, we would always have to chase up with the business team in india, it felt like the system was designed to delay payment to suppliers although carillon were often paid in 7 to 14 days by there customers, you would also never get paid in June or December so that the reported figures would show a improved cash position. Some people could argue that this was the statergy do drive cash by using the suppliers good will.

Unfortunately that goodwill will be tested tomorrow lunch time, the credit insurers our company uses are withdrawing cover and the broker is saying that nobody will subsequently offer cover going forward. This could have a huge impact on the cash position if suppliers demand cash upfront.

To any other senior managers in the construction sector, please treat your supply chain with respect you may need there good will in future

[glenkaz] 20/11/2017 15:22

🤡🙏

[hootza616] 20/11/2017 15:17

I missed the 16p low on Friday so have not joined again.
Good luck to those holding for a recovery, hope your on your knees praying!

[glenkaz] 20/11/2017 15:12

Joe king what a piece of 💩! Now for the rise! 🤡🖕

[joe king1] 20/11/2017 14:56

It will be suspended and subsequently into administration, why would you even want to join again.

Sit back and watch the carnage.