Connaught Share Discussion Threads

[smurfy2001] 07/9/2010 12:39

mucker, lol no, was tempted to trade it at one point but for some reason, l can't buy any stock today ;@)

[the_doctor] 07/9/2010 12:39

'Chairman must be sick after losing his wad of cash in this'

last few D4E refinancings that his lot were involved with gave big chunks of the companies to employees.
He'll possibly make back many times what he lost.

[robin bastard] 07/9/2010 12:36

mucker smurf, please say you didnt buy this pig

;')

[smurfy2001] 07/9/2010 12:34

Chairman must be sick after losing his wad of cash in this.

[hassani2] 07/9/2010 12:21

all the share holders will be entitled to split the tolls between them,u will be lucky if u get a hammer

[samtom2] 07/9/2010 11:40

hvs,

Can't guarantee I can bring them back to life, but they have a large depot on the Hogwood Industrial Estate, Reading where my business is located. I look out over their office and they used to have the maintenance contract for the REME base in Arborfield where we supplied goods for them. Just glad I didn't get caught as they have a 20K credit facility with me.

[samtom2] 07/9/2010 11:32

Robin, yes an excellent dentist. Female. very tasty looking and I cracking assistant too. I go for a weekly checkup.

[hvs] 07/9/2010 11:30

lol !!!!

lol !!!!

So i will have a chat to the guys there later and find out what I can.

Hopefully that will bring it back to life.

lol !!!!!

[wenlynn] 07/9/2010 11:30

but they aren't in administration.

[samtom2] 07/9/2010 11:30

Sorry should have put when it is announced they are going into administration the Administrators will run the business, as not official yet.

[robin bastard] 07/9/2010 11:30

"Connaught actually have a main office 100 yards from me, with about 30 brand new transit vans alway parked there. So i will have a chat to the guys there later and find out what I can"

===

sam.. do you have a good dentist?

[the_doctor] 07/9/2010 11:28

mind you jeffian, it seems fair to have let holders out at that price if others wanted to gamble on buying in?

[jeffian] 07/9/2010 11:27

Given that the extended finance was for only one month and the outcome of discussions with the bankers uncertain to say the least, I'm extremely surprised it wasn't suspended at the time of the initial announcement "pending the outcome of refinancing negotiations" (or some such phrase they usually use).

[samtom2] 07/9/2010 11:25

Boffster,

I own a building supply company as well as abuilding business and Connaught, Rok and Carillion all have accounts with my company. The Administrators now run the business and any goods supplied to sites from today is underwritten by the administrators. Therefore goods supplied whilst they are in administration are guaranteed to be paid. However that does not include goods supplied upto last night whilst the company was still solvent.
It would be illegal for the Administrators to obtain goods without having the funds to pay the supplier.
Luckily CNT have no outstanding account with me at present, so wasn't caught. Connaught actually have a main office 100 yards from me, with about 30 brand new transit vans alway parked there. So i will have a chat to the guys there later and find out what I can.

[hvs] 07/9/2010 11:24

Does anyone know if PWC will be attending the memorial services.

R.I.P.

[eburne1960] 07/9/2010 11:23

Well there have been some muppets who think it will come back from suspension, still you all had plenty of time to get out......

[wcjan26] 07/9/2010 11:16

nc2 - wouldn't offer myself.

did attempt something similar with BFC during suspension - see here - - a bit early as it turned out

[eburne1960] 07/9/2010 11:15

BBC website reporting it's going into administration, announcement expected tomorrow.

[the_doctor] 07/9/2010 11:11

'the jock - 7 Sep'10 - 08:24 - 4794 of 4843
I said the RBS had refused them money and they had got an overseas loan 2 days ago'


where did you find out that out of interest?

[barsco] 07/9/2010 10:52

I have knowledge of one contract where the sub-contractors are starting to pull their men off site. One subbie claiming to be owed £400k which will surely put him to the wall. How the administrators think they'll manage to run a company with no sub contractors or suppliers is a mystery!

[peterboroughmatt] 07/9/2010 10:47

Boffster:

Well yeah would you give them credit if you supplied to them?