G4s Share Discussion Threads

[m.t.glass] 17/7/2012 13:51

It isn't going to matter to him what he commits the company to, if he's about to leave the company. But I imagine the ones who remain in charge will be wincing at what he's agreeing they should pay for!

[adobbing] 17/7/2012 13:42

He can't even bu//s4it convincingly, if I were him I would be spending this afternoon updating his CV!

[jon827] 17/7/2012 13:36

Lol at the posts, i told u he was a nob !

[cfb2] 17/7/2012 13:30

Pay was £8/hour with completion bonus of £1/hour being paid (seems that Buckles invented this on-the-fly at the TSC). From that they have to deduct their 12 week training and uniform cost.

Amazing that Buckles seems to be making up all sorts of liabilities for G4S to pay resulting from this debacle. He has also given in to paying a bonus for the military and police for covering as well as 500 people being made available from competitor companies.

It's car crash TV at its best :)

CFB

[harrysbank] 17/7/2012 13:25

had to add some

[tam oshanter] 17/7/2012 13:25

Should have gone to the police and military in the first place. Few will be bothered to change their benifits for 20 days of £6 an hour working in London.

As for G4S and HMG not knowing - These problems were flagged up in various places months ago as a probability

[adobbing] 17/7/2012 13:18

Perhaps the header needs reviewing...

G4S is the largest employer quoted on the London Stock Exchange and has a
secondary stock exchange listing in Copenhagen, with operations in more than 125 countries and over 657,000 employees

could be;

G4S is the largest employer quoted on the London Stock Exchange and has a
secondary stock exchange listing in Copenhagen, with operations in more than 125 countries and over 656,999 employees

or just;

G4S is the largest employer quoted on the London Stock Exchange and has a
secondary stock exchange listing in Copenhagen, with operations in more than 125 countries and significantly less than 657,000 employees

[adobbing] 17/7/2012 13:15

Ironic that when they lock him up, it may be one of his own vans that transports him to the nick....

A long time since I've seen somebody that unconvincing, for any hope of saving this company he has to go ASAP!!

[mreasygoing] 17/7/2012 13:04

"A humiliating shambles" re Olympic contract.

Gerald Ratner of security :)

[sven2006] 17/7/2012 13:03

This guys making this up as he goes along

Paying all costs for housing the military.

Get out now if I were you.

[hvs] 17/7/2012 12:53

£ 21 mill for doing a very very BAD JOB.

Thats U.K.Plc for you.

[rimmy2000] 17/7/2012 12:49

Good 4 (a) Short?

[sven2006] 17/7/2012 12:45

Paying back the police for all there work. mmmmmm

[sven2006] 17/7/2012 12:43

Going for a Sing.

Are you watching BBC LIVE. Your guy is amazingly bad!

2p soon by the looks of it.

[agincourt] 17/7/2012 12:41

Going for a Song

[m.t.glass] 17/7/2012 12:35

For any company which chooses to condense its name - in this case from 'Group Four Securicor' to G4S - one of the dangers is that the abbreviation will be mockingly extrapolated into meaning something else.

Anyone care to offer appropriate suggestions?

I'll kick off with 'Gormless 4 Sure'

[buywell2] 17/7/2012 11:51

This could see 200p in the next few days

If hardly nobody turns up on the day .... and lets face it publicity is BAD

Then 150p is possible

A FIASCO of MAJOR proportions and shows that even FTSE 100 companies don't do RISK management properly

[linney3] 17/7/2012 11:47

Why doent they just award the entire security contract to Superman?

[philanderer] 17/7/2012 11:44

.Update: Olympics security firm G4S says 60% of promised staff turned up at Surrey cycling site - not "20 out of 300"

[masurenguy] 17/7/2012 10:16

G4S facing big fines and penalties over Games

The full extent of the financial and legal penalties that G4S could face for its failure to provide security guards for the Olympic Games was laid bare today, as army chiefs moved into the beleaguered company's headquarters. It emerged today that Locog, the Games organising committee, has the right to pay G4S only for the guarding hours it actually supplies, and G4S is liable for any losses suffered by Locog in making up the shortfall. The security firm's fee for managing the overall security of the Games can be docked for failures to meet its contract, and the company can also be sued to recover any fees already paid if it can be proved that the company misinformed Locog and the Government about how well it was doing. The details of the penalty clauses in G4S's Olympics contract were set out in a letter from Locog,...

[enami] 17/7/2012 10:04

Broker Recommendation Old target price New target price Notes Panmure Gordon Hold 300 236 Reiterates JP Morgan Cazenove Overweight 345 345 Retains Bank of America Merrill Lynch Neutral 300 280 Downgrades Deutsche Bank Hold 309 294 Downgrades HSBC Overweight 315 290 Retains

[robertfaulkner] 17/7/2012 07:50

I'm just wondering how long before the Olympics you are expected to employ (and pay) the tens of thousands of security personnel (people who's job is to stand at the entrance of a car park for 12 hours a day)?

Should G4S have rented, perhaps, a site in Scotland, and had the tens of thousands practice guarding a site (They couldn't get access to the Olympic site, it was a building site)

How do you chose the personnel you will need for only a few weeks, in a month or so's time, how many will find a long term job in the mean time and won't turn up at the Olympics?

The best people will get offered other work, the useless ones won't get other work but G4S won't want them.

[hvs] 17/7/2012 07:17

It was Tony B Liar who wanted the Games so that he could be crowned.

Dopey Gordon was writting the cheques.

What a WASTE.

[enigma2002] 17/7/2012 02:05

im steering well clear of the olympics altogether... a bigger waste of public money could scarcely be conceived than a month of ritualised warfare with people throwing things, running round in circles and flailing around in other miscellaneous ways..... now... if the government could find a few billion pounds to spend on curing cancer id be interested but in this 'olympic' farce... sorry.... no..... ive been hoping against hope the stadium would have the decency to fall down before they started but sadly enough that doesn look likely right now.