More bad news at carillion

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Re: More bad news at carillion

Postby kevinchess1 » Fri Jan 12, 2018 11:23 pm

timco wrote:
William Joseph1 wrote:So as expected then. The majority here voted to throw their money into the ocean. Risk averse they are not for sure.


Call it a dressed rehearsal for leaving the EU


Well
The stock market goes from strength to strength hitting new records all the time since Brexit
I don't see thaT changing
Manufacturing at the highest its ever been since Brexit
Also unemployment is lower than it was at Brexit
I could go on and on and on
But the clear fact is, despite all the doomsayers wishing and hoping and preying for it all to go to hell it ain't happening
and if it does get worse it wont affect the doomsayers at all
]they will be all right it s the poor and weak and vulnerable that will suffer as it always is
Politically incorrect since 69

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Re: More bad news at carillion

Postby blythburgh » Sat Jan 13, 2018 10:04 am

kevinchess1 wrote:
timco wrote:
William Joseph1 wrote:So as expected then. The majority here voted to throw their money into the ocean. Risk averse they are not for sure.


Call it a dressed rehearsal for leaving the EU


Well
The stock market goes from strength to strength hitting new records all the time since Brexit
I don't see thaT changing
Manufacturing at the highest its ever been since Brexit
Also unemployment is lower than it was at Brexit
I could go on and on and on
But the clear fact is, despite all the doomsayers wishing and hoping and preying for it all to go to hell it ain't happening
and if it does get worse it wont affect the doomsayers at all
]they will be all right it s the poor and weak and vulnerable that will suffer as it always is


This remainer is happy to see how good things are going at the moment. But we are not out of the EU yet, I can but live in hope the good times for the economy stay with us.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler
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Re: More bad news at carillion

Postby blythburgh » Sat Jan 13, 2018 10:08 am

The saddest thing about the Carillion thing is not the shareholders who have lost money they can afford to gamble with but the fact that the company sub contracts all its work out. If these sub contractors do not get paid then an awful lot of people are going to lose money for work they have done. And that means people who cannot afford those losses.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler
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Re: More bad news at carillion

Postby Beachboy » Sat Jan 13, 2018 2:19 pm

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Re: More bad news at carillion

Postby William Joseph1 » Sat Jan 13, 2018 2:42 pm

Beachboy wrote:Pretty grim reading: http://www.bbc.co.uk/news/business-42675427
No new news there though, This has been an ongoing saga now for a couple of months. I am just surprised at how incompetent all the parties to this company have been. It can only be its size that has kept it going up until now. Any ordinary company in a similar state would have been put into liquidation a month or more ago.

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Re: More bad news at carillion

Postby timco » Sat Jan 13, 2018 7:51 pm

William Joseph1 wrote:
Thunderfog wrote:

As it stands now Carillion is a long play for us.
For clarification that means decades.


I think you are both wrong I think we will be out of this investment this month after it has gone bust.

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Re: More bad news at carillion

Postby William Joseph1 » Sat Jan 13, 2018 7:56 pm

You may well be right.
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Re: More bad news at carillion

Postby parchedpeas » Sat Jan 13, 2018 10:13 pm

Lots of wise heads here after the fact. Not so many in the thread where we actually double dipped!

I think they're toast now, sadly. It's got the smell of "Monarch Airlines" about it in that the planning is all going on this weekend and they will actually roll over Monday morning, first thing.
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Re: More bad news at carillion

Postby timco » Sat Jan 13, 2018 10:50 pm

parchedpeas wrote:Lots of wise heads here after the fact. Not so many in the thread where we actually double dipped!

I think they're toast now, sadly. It's got the smell of "Monarch Airlines" about it in that the planning is all going on this weekend and they will actually roll over Monday morning, first thing.


I think this is more about not selling when the shares still had a little value left and moving on rather than hoping for the best without a real plan.

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Re: More bad news at carillion

Postby William Joseph1 » Sat Jan 13, 2018 10:51 pm

parchedpeas wrote:Lots of wise heads here after the fact. Not so many in the thread where we actually double dipped!

I think they're toast now, sadly. It's got the smell of "Monarch Airlines" about it in that the planning is all going on this weekend and they will actually roll over Monday morning, first thing.
All the facts were there when the majority voted not to sell the shares.

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