Carillion Share Discussion Threads

[bena1] 11/1/2018 13:25

Whatever we post on here won't have the slightest bit of influence on the shareprice, but I think it's important to stop people losing money on an impossible 1000-1 punt.

This is now owned by the banks, shareholders own nothing apart from a massive debt.

If you are holding a residual position, fair enough, I understand why you might hope to get something back but buying this as a punt is bonkers.

And there is no difference between the situation of this and Afren! (except Clln is more underwater)

[dexdringle] 11/1/2018 13:22

Why are these shares 20p? Why are they not 10p? Or 30p? Or zero?

[wallywoo] 11/1/2018 13:20

srp: your overwhelming optimism, despite an avalanche of news and evidence to the contrary amazes.

I know some investors put their heads in sand, and I understand that emotion BUT yours is in an underground bunker 1 mile underground !!!!

[dealy] 11/1/2018 13:17

Don't compare clln to afren please

[tonysss13] 11/1/2018 13:15

Jaknife

maybe not as liguid but similar scenarios in recent years have been Afren , GMG , HMV

always ends the same way,and there is almost always an unexplain-able ridiculous short squeeze. most sucked in investors learn their lesson. apart from Dealy who is a special case and the best contrary indicator there is in these situations

[tonysss13] 11/1/2018 12:44

hxxps://news.sky.com/story/regulators-to-hold-pensions-summit-as-carillion-crisis-deepens-11203432

[pal44] 11/1/2018 12:33

people getting mugged today

[dexdringle] 11/1/2018 12:25

I love it when people attach links for which you need to be a subscriber.

Bit like the Jim Bowen school of information...........

[cc2014] 11/1/2018 11:31

Well you and me might think it's worthless Tony but others clearly have a different opinion. Who is to say where the share price is going next but it don't look good to me.

This is interesting. Even CLLN's bondholders are not the usual fare.

[tonysss13] 11/1/2018 10:12

CC2014

i'd hasten a guess the shareprice falling back today is something to do with the equity being worthless

[cc2014] 11/1/2018 10:09

Interesting times.

For info I though Carillion had sold it's healthcare business to Serco for £42m so no worries about existing hospitals carrying on.

I assume the share price falling back today is the reaction of 200 lenders and advisors who met yesterday who didn't like what they heard.

[fenners66] 11/1/2018 09:58

in a very minor capacity of course..... CIO?

[fenners66] 11/1/2018 09:58

does dealy work for DB?

[fenners66] 11/1/2018 09:57

DB are just useless 6.9% holding still !

Their trading arm has been failing year over year and yet they still have the audacity to issue broker recommendations often out of kilter with the rest of the market.

[loglorry1] 11/1/2018 09:29

DB dumping shares with a huge number left. This surely can only go one way. It seems highly improbable that equity is left with £100M value here.

[fenners66] 11/1/2018 09:16

Pension deficit is not the MOST critical thing here dealy

Its the breach of lending covenants , the £1.1bn of debt , the failed contracts extracting cash and losing money , the failure to realise cash from the sale of assets until sometime in the future, the need for even more cash so they can sack people, the FSA (?) investigation into reporting, the unhappy customers and unhappy suppliers , the withdrawal of credit insurance vs CLLN .......etc....

[fenners66] 11/1/2018 09:11

dealy - must be a psychiatrist's dream - everything is awesome for him.

He is so Comical Ali !

I reckon he is too young to know who Comical Ali is though so perhaps he is just a kid.....

[rcturner2] 11/1/2018 08:57

hahahhahahahahhahaha

[dealy] 11/1/2018 08:50

Pension deficit is not critical here imo. Markets have risen about 5% in the last 2 months and interest rates are creeping back up which reduces the npv of liabilities. Probably the deficit will right itself this year

[rcturner2] 11/1/2018 08:50

log believes in fairies

[loglorry1] 11/1/2018 08:46

There is little risk to the company stopping operating as far as I can see. If the banks took all their debt as new equity and the pensions getting new debt and equity with perhaps a bit of gov support for pensions then it carries on.

The horse trading now is how much on a bone equity get thrown if any and how big a write down the banks have to take.

[srpactive] 11/1/2018 08:33

f66

I would have thought they will get the hospital contracts
moved to someone else to raise money and ensure continuity
as they have mentioned regarding NI.

[fenners66] 11/1/2018 08:26

I was wondering what was taking so long here - I can see that the Govt may well be making sure that the outcome is that whoever end up owning the working parts of the business , then things continue.

There is a case for a pre-pack administration here.

Whilst I normally find them abhorrent - I guess when it comes to things like managing healthcare - to have the certainty of continuity it may well make sense.