More bad news at carillion

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blythburgh
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Re: More bad news at carillion

Post by blythburgh » Tue Nov 21, 2017 11:18 am

mike wrote:
Thunderfog wrote:Essentially this is why I'm still confident in Carillion coming back into profit years down the line.
UBS have a 1p target on Carillion

http://www.iii.co.uk/articles/461200/ft ... th-just-1p
Sell whilst you can get more than 1p? Or hang on in hope?

I am not saying which I prefer of course as I am not a club member
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

Post by Derbiean » Sat Jan 06, 2018 9:02 pm

UK's Carillion to discuss rescue with creditors on January 10

https://uk.reuters.com/article/uk-caril ... KKBN1EV0IK

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Re: More bad news at carillion

Post by AAAlphaThunder » Sun Jan 07, 2018 11:04 am

Derbiean wrote:UK's Carillion to discuss rescue with creditors on January 10

https://uk.reuters.com/article/uk-caril ... KKBN1EV0IK
It is also under investigation by regulators over “the timeliness and content” of statements it made before it issued a profit warning in July, the first of three such warnings issued in quick succession.
Compensation for us?
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Dream on
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Re: More bad news at carillion

Post by Dream on » Sun Jan 07, 2018 11:08 am

Thunderfog wrote:
Derbiean wrote:UK's Carillion to discuss rescue with creditors on January 10

https://uk.reuters.com/article/uk-caril ... KKBN1EV0IK
It is also under investigation by regulators over “the timeliness and content” of statements it made before it issued a profit warning in July, the first of three such warnings issued in quick succession.
Compensation for us?
And where would any money come from, there is none!
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Re: More bad news at carillion

Post by AAAlphaThunder » Sun Jan 07, 2018 11:31 am

Dream on wrote:
Thunderfog wrote:
Derbiean wrote:UK's Carillion to discuss rescue with creditors on January 10

https://uk.reuters.com/article/uk-caril ... KKBN1EV0IK
It is also under investigation by regulators over “the timeliness and content” of statements it made before it issued a profit warning in July, the first of three such warnings issued in quick succession.
Compensation for us?
And where would any money come from, there is none!
Insurance.
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Dream on
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Re: More bad news at carillion

Post by Dream on » Sun Jan 07, 2018 11:34 am

Thunderfog wrote:
Dream on wrote:
Thunderfog wrote:Compensation for us?
And where would any money come from, there is none!
Insurance.
Well you are very optimistic, if not realistic
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mike
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Re: More bad news at carillion

Post by mike » Sun Jan 07, 2018 11:58 am

I have always wondered where the compensation comes from when investors are misled. It seems to me, the company ends up paying out (ie costing the small shareholders (us) ) to compensate the big shareholders who launch a class action. So we end up paying twice, when the big shareholders probably knew what was going on all along.

Does anyone know how it actually works?
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Constantine
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Re: More bad news at carillion

Post by Constantine » Sun Jan 07, 2018 3:54 pm

mike wrote:I have always wondered where the compensation comes from when investors are misled. It seems to me, the company ends up paying out (ie costing the small shareholders (us) ) to compensate the big shareholders who launch a class action. So we end up paying twice, when the big shareholders probably knew what was going on all along.

Does anyone know how it actually works?
Basically, yes, it's the company that pays. So it's the shareholders who sue and win that gain, at the expense of the rest.

But for example, in the case of RBS, it was small shareholders who sued and won over the rights issue.
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blythburgh
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Re: More bad news at carillion

Post by blythburgh » Mon Jan 08, 2018 7:58 am

Constantine wrote:
mike wrote:I have always wondered where the compensation comes from when investors are misled. It seems to me, the company ends up paying out (ie costing the small shareholders (us) ) to compensate the big shareholders who launch a class action. So we end up paying twice, when the big shareholders probably knew what was going on all along.

Does anyone know how it actually works?
Basically, yes, it's the company that pays. So it's the shareholders who sue and win that gain, at the expense of the rest.

But for example, in the case of RBS, it was small shareholders who sued and won over the rights issue.
But not enough small shareholders for any but the big boys to get anything IMHO
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

Post by parchedpeas » Mon Jan 08, 2018 2:05 pm

The CLLN comeback starts here! Up 27% today :)

On a serious note, is it simply worth letting this one ride and enjoying the fireworks now?

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