Carter & Carter Share Discussion Threads

[charterhouse3] 18/2/2008 08:58

from the announcement last Friday :

Carter & Carter said investigations into
weaknesses identified in the group's operations are still continuing.
The company said it also continues to make good progress with the
restructuring process, adding it is in active discussions with the lenders.
If these negotiations are successful full details of the restructuring will
be announced in March 2008, Carter & Carter said.

so nothing until next month I'm afraid.

CH3

[will596] 18/2/2008 08:35

Morning......... Any News???

Will the shares start trading again ???

[wacsl_trader] 15/2/2008 16:39

So, does anyone have any inclination on when shares will start trading again?

[anotherguru] 15/2/2008 11:17

yes and yes!

[td74] 15/2/2008 10:28

What time is the meeting? More importantly will we have a RNS post meeting?
TD

[smelgy] 15/2/2008 10:00

.......so it's not all gloom and doom then.

[trickyboyfish] 14/2/2008 20:48

EGM in the morning - lets hope nobodys going by helicopter

[huddo1] 14/2/2008 20:43

Tomorrows another day!!!

[thenorth] 14/2/2008 19:27

really??? so you think the co will fold? so who is carters competition... may be worth a punt with them as they will mop up if this goes to the wall.

what does everyone else think?

[berkley3] 14/2/2008 12:21

Looks like we are heading for administration,hope the dti steps in and holds some of the directors to account.

[will596] 14/2/2008 09:41

Its all gone quiet Temp Insane!!! I'm still here though!!! not that I know anything

[temporarily insane] 13/2/2008 17:31

Ok then, whats next!!

[berkley3] 05/2/2008 13:48

i dont think this was ever a value share but it has been speculative. None more so than at present.

[smelgy] 05/2/2008 13:40

.........spose it's better than being a smug prat though.

[smelgy] 05/2/2008 09:21

.......I hold the shares but cannot make the meeting. If anybody is going can they ask the directors if this is any way to run a company. I have voted for the proposal as I believe it's our only chance. Given that C&C are still winning government contracts if the company can be saved there is some hope.

[berkley3] 05/2/2008 09:08

as a small equity investor i accept the risks involved in trading shares. However,as like many of you trying to improve our financial or pension funds we should not be blatently misled by crooked directors.
I dont have a solution to the position this company is in only to say that as a director myself i cannot believe they have got so deep in debt without addressing the matter sooner.
Probarbly reporting them to the DofE or FSA is a waste time but something has to be done.
Good luck all.

[powwow] 04/2/2008 13:24

this sounds like marconi though I agree scorpion, it does look like fraudulent information was issued.

[bullet1201] 04/2/2008 11:31

Scorpiowinger I hold 4120 shares, but total for friends and family that all invested at the same time is over 20,000 shares would be interested to her what you are thinking about

[pugg1ey] 03/2/2008 10:30

croots

hold a mere 80K of MMS. got shafted on CART with their famous Friday afternoon profit warning and no longer hold here.

most of my cash is in GON (no subtle ramp intended :-) )

[usp3989] 03/2/2008 09:45

at what share price it will start trading again i want to buy some.

[andyderbys] 02/2/2008 23:01

February 3, 2008
Crunch time for Carter & Carter training firm
Dominic O'Connell

THE crisis-hit training firm Carter & Carter faces a do-or-die shareholders meeting in 12 days' time.

Investors have been asked to approve a change in the articles of association that will allow the group's borrowings to go to £175m, twice the level of a year ago.

If shareholders say no, "the board would be forced to seek the appointment of an administrator or pursue other insolvency proceedings shortly thereafter", a company circular said.

Carter & Carter has suffered a dramatic decline since its founder, Phillip Carter, died in a helicopter accident in May.

Shares in the company were above £12 shortly before he died. Two profit warnings after his death led to a collapse in the price. When trading in the shares was suspended in October they stood at 82½p.

Last week's circular to shareholders painted a dire picture of the company's fortunes, saying "it is likely that the finalisation of the audit will result in a substantial write-down of goodwill".

This in turn would lead to a breaching of conditions on the amount of borrowing the company was allowed to take on.

If shareholders approve the change, the board, which is being advised by NM Rothschild, will present a restructuring plan before the end of February. This is likely to include a significant debt-for-equity swap, with shareholders seeing the value of their holdings slashed.