Carillion Share Discussion Threads

[elmfield] 14/1/2018 19:40

💴 is 🤴.
They just don’t have any.

[sux_2bu] 14/1/2018 19:39

According to analysis firm IHS Markit, 18 hedge funds made £80m from the initial share slump, with much more likely to have been banked since then, after further steep falls.

The biggest winner from July’s share price crash was hedge fund Marshall Wace, whose co-founder Sir Ian Marshall was a major backer of the leave campaign in the Brexit referendum.

Another institution that took out big bets on Carillion’s downfall is BlackRock, the US-based investment institution that hired former chancellor George Osborne as an adviser last year, on a £650,000 salary.

www.theguardian.com/business/2018/jan/14/carillion-crisis-hedge-funds-rake-in-tens-of-millions

[sux_2bu] 14/1/2018 19:38

Within the last hour.



Trust in Carillion evaporates as it scrambles for cash

www.ft.com/content/0e29ec10-f925-11e7-9b32-d7d59aace167

[nigelpm] 14/1/2018 19:32

Talks failed per Guardian:



Construction firm Carillion is on the brink of collapse, raising fears for the future of a host of major government projects and day-to-day services, from schools to hospitals, prisons and the army.

The Cabinet Office hosted emergency talks aimed at mapping out a future for a company that employs 43,000 people – including nearly 20,000 in the UK – but the meeting broke up without a rescue deal being announced.

[buywell3] 14/1/2018 19:29

If the Government back this I am emigrating forthwith

Circa £2 Billions of debt and pension deficit from a BOD that have proved themselves incompetent .... and that is being kind

[karateboy] 14/1/2018 19:18

If government gets involved, share holders will get nothing. I was there with British Energy and lost everything. Government took over as they can't allow nuclear generation , 20% of uk electricity to be shutdown. In a year when electricity market recovered the government sold British Energy to Edf France for £10b. We share holders got nothing. The best is to sort out future of Clln with creditors.

[bullet ant] 14/1/2018 19:01

Name of the game

Short high

close low.



Groupon deal -95% tomorrow morning at 08.05 A.M.


You were warned, we do not take prisoners.


BA
Stealing is good.

[eisler] 14/1/2018 18:59

Expect the likes of Capita to rise significantly tomorrow...

[coxsmn] 14/1/2018 18:56

Srp, beyond a high risk for shareholders.

[andysand] 14/1/2018 18:56

It must be allowed to fail. This was learned the hard way with the banks. The equity is worthless. In my opinion, the company will be managed by administrators. It's contracts will be awarded to someone else or it will complete its obligations using government money before being sold on in pieces by the administrators. There will no money from this left after debtors and pension liabilities are taken care of. This is (or should be) a bust.

[sux_2bu] 14/1/2018 18:52

Who's going to continue to hold to collect the dividends ?

[plunge] 14/1/2018 18:49

A growing concern, not a going concern.

[srpactive] 14/1/2018 18:45

m

In all fairness I feel it has moved on well past that question.

dyor very high risk.

[treadcareful] 14/1/2018 18:43

GREED AND NO ACCOUNTABILITY

[elmfield] 14/1/2018 18:43

Brandon Lewis does not inspire confidence, imv.

[mitchy] 14/1/2018 18:41

I thought government contracts were a licence to print money. How did they end up in this position?

[srpactive] 14/1/2018 18:37

dyor very high risk, be careful everyone.

[bullet ant] 14/1/2018 18:35

Early morning

BA special groupon deal , -95% discount.

This is a BA's special for his all friends, fans, followers and haters


BA
Stealing is good.

[treadcareful] 14/1/2018 18:33

True. but short term gain OFTEN follows, as a consequence of quick fix Government / City intervention .. but no lasting viable long term prospect.

[dealy] 14/1/2018 18:30

Banks will give it more money tonight. Only way for them to get back what they are already owed. Government will provide some modest guarantees including clearing some invoices.

[sux_2bu] 14/1/2018 18:30

Technically it is, until it's not ;-)

[alphorn] 14/1/2018 18:28

Brandon Lewis told the BBC that Carillion was still a going concern.

........no problem then. ;)

[samdb] 14/1/2018 18:22

If the government gets involved there's no chance of recovery. The taxpayer doesn't guarantee companies to save its shareholders, it only does so to save jobs.