Carter & Carter Share Discussion Threads

[topinfo] 17/10/2007 11:54

I will buy some but it will be at below 50p.

[bustedflush1] 17/10/2007 11:52

When this company comes back it will clean as a whistle and I will be a buyer of the shares.

[v01101999] 17/10/2007 11:50

yes we know that .. published on 14.10 and repeated earlier on this board? and your point is?

[topinfo] 17/10/2007 10:26

Carter & Carter financial crisis triggered by its accounting policy




LONDON (Thomson Financial) - The financial crisis afflicting training group
Carter & Carter, whose shares were suspended earlier this month, was triggered
by its aggressive policy on crediting income to its accounts, reported The
Sunday Times, citing sources close to the company.
Accountants from the Carter & Carter's auditors Price Waterhouse Coopers
have been trawling through its book after it announced there were doubts over
revenues on Oct 2, the newspaper said.
It is understood the investigation into the company's finances is now
focusing on the timing of payments and when they were credited to the company's
books, it said.
Carter & Carter's group finance director John Green resigned on Oct 13, at
which time the company's chairman Rodney Westhead said "we have no evidence at
the moment" of accounting irregularities at the company, The Sunday Times
reported.
Westhead declined to comment this weekend, it added.
[e-mail]

[v01101999] 17/10/2007 10:24

still a positive news .. but so far the thing which is the hanging sword is the uncertainty about the current business .. I have no doubts about the future prospects and if Mr. Westhead is doing a proper cleanup work, may be the future would be bright for the company under new leadership. If it dips too low (below 52p) I will always be a buyer.

A bidder might only emerge after clean set of accounts are published.

[topinfo] 17/10/2007 10:22

But the accounting irregularities will put water on the contract win.!!!

[webgremlin] 17/10/2007 10:19

With income guaranteed from Government contracts and possibly more on the way, there's certainly a value in the company. Must be a prime takeover target.

[bustedflush1] 17/10/2007 10:11

quote with the spread companies has shot up to 70p when these relist.

[smelgy] 17/10/2007 09:43

.......looking very interesting. Can't wait for the re-listing. Might even top-up again!

[maqsud] 17/10/2007 09:34

Hmm..bidders not to be ruled out...

[jane seymour] 17/10/2007 08:59

An extremely optimistic viewpoint with a capital O ,I would say !!!

[nakedshorter] 17/10/2007 08:23

storm in a tea cup...shorters will get badly burnt...could open 150p

[smelgy] 17/10/2007 07:54

..........well there's a very positive RNS this morning. Perhaps all is not lost after all.

[jennywren] 17/10/2007 07:28

It would be nice to know if and when they are coming back.

LFDKMP

I was not trying to rubbish your post, merely add further accuracy and, as you stated, the concept of what may have happened or could have happened was sufficiently explained in your post.

[topinfo] 16/10/2007 21:20

You will be lucky to get 35p for these when they come back, mark my words.!!!

[nwdave] 16/10/2007 20:39

55 to 60p... and then what a dramatic up or a steady decline down???

and when does the new ceo get introduced or has that person taken heel and run?

[jonc] 16/10/2007 20:22

lol!

It's the way you tell 'em

[bustedflush1] 16/10/2007 20:08

Carter and carter back to market in 2 weeks I am told.

Will open arounf 55p-60p.

[hopeless698] 16/10/2007 19:34

Revenue 139m
Adj. Profit 10.5m

[hopeless698] 16/10/2007 19:24

70 million!

[hvs] 16/10/2007 19:05

More like will THE LEFTIES come to the RESCUE with TAX PAYERS MONEY ?

[hopeless698] 16/10/2007 18:56

rights issue on the way!

[lfdkmp] 16/10/2007 07:56

Jennywren

Of course, NVQ stands for NATIONAL Vocational Qualification as you state and not NON Vocational Qualification as I did. Can only ascribe my repeated failure to spot that to premature senility!. Apologies all.

Yes, we are involved in train to gain but also we are funded from "core" funds of the Approved Centre(s) we work with, from which we do get the 50/50 split. I didn't think it worthwhile to over-complicate my example; just attempting to throw some light on how income recognition could be accelerated. I hope in doing so it did not mislead.

Your clarification regarding apprentices is welcome and I have no issue with it.