Connaught Share Discussion Threads

[0verzeal] 14/9/2010 07:05

I expected an RNS this morning about a return to the market.
Perhaps tomorrow.

[swaganeer] 13/9/2010 20:33

12th of Never

[hvs] 13/9/2010 19:23

No No BLAP is right.

A divi coming. I am really trying hard to find XD date.

[taffee] 13/9/2010 18:30

shareholders will get nothing....zero....in my experience

[purple sound] 13/9/2010 18:13

lady - that sounds promising.
keep the posts coming.

[wenlynn] 13/9/2010 17:44

LadyBoy,
You may be correct.
The suspension is only temporary.

[barsco] 13/9/2010 17:39

LadyBoy... don't give people false hope. Unless the debts are covered - which they can't be - how can the company continue to trade. Everything will be sold off to pay off the creditors so many pence in the pound. Shareholders will get nothing, not now and not in 24 months.

[hvs] 13/9/2010 16:52

Hi BLAP,

Do you know xd date ?

[ladyboyblap] 13/9/2010 16:48

I don't think these assets will be sold off.
The banks will write off some of the debt and CNT will return to the market.

30p on the cards.

Dividend around 3p.

[hvs] 13/9/2010 16:23

Am sure they must have found a few bob for CONSULTANTS and off course the administrators.

Funny how shareholders are always left with NOWT.

[dnfa1975] 13/9/2010 15:09

its over. move along peeps, nothing to see here.

[sapper2476] 13/9/2010 15:08

This is a share. You do not get compensation. This has gone bust. Worthless. Will be sold to pay off debts. I have lost a lot on this. One of those things. Win some, lose some. Either way, shareholders get nothing.....

[qualsoft2010] 13/9/2010 15:04

whats the average time it takes to get compensation IF any? On average what percentage would you get?

[hvs] 13/9/2010 14:26

Like it did for The Board of Directors and their OPTIONS.

[barsco] 13/9/2010 14:18

Don't forget there will be all the redundancies to pay for on top of the administrators expenses etc... it's amazing how it all adds up!

[hvs] 13/9/2010 11:27

lol !!!!

Accepting loss making contracts does not seem to be good business but then
again anything goes in THE CITY.

Masters of the Universe.

[mattu11] 13/9/2010 11:23

Well, we are last on the list, but if they did go for £200m thats £228m so far. I thought debt was £220m, but maybe it increased? KPMG will probably set their fee at whatever is left.

[qualsoft2010] 13/9/2010 11:20

So compensation for shareholders?

[mattu11] 13/9/2010 10:26

CONNAUGHT'S surviving businesses could be sold for up to £200m after repairs specialist Mears and construction firm Morgan Sindell carved up its social housing arm.

Administrator KPMG has received a flurry of offers for Connaught's compliance and environmental divisions, which are trading as normal.

Mears, property consultancy RPS Group and outsourcing group Mitie are understood to have shown an interest in the compliance unit, which advises companies on how to cover themsleves for health and safety regulations when designing buildings. An analyst said it would be valued at around £130m.

There has been an additional series of approaches for the £70m environmental division, which manages estates and forestry areas on behalf of clients, mostly in the US and UK.

It is understood KPMG is treating the auctions of the two remaining parts of Connaught as traditional mergers and acquisitions transactions. The firm believes it can avoid a "fire sale", although City insiders said the assets were clearly distressed.



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How much debt were they in, any chance of there being something left over?

[fjp73] 12/9/2010 16:34

HVS - If they take the pee with options I dump :-) Spreadbets until they shut your account play by the rules. I believe some "Directors" have gained to an unfair level via the award of options. See the difference :-), one's a valid discussion, one's just moaning because the terms and conditions were clear :-) Thanks for pointing it out though...It's important differences are noticed :-)

ATB Fraser