More bad news at carillion

[blythburgh]

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

[Derbiean]

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

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

[AAAlphaThunder]

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?

[Dream on]

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!

[AAAlphaThunder]

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.

[Dream on]

Compensation for us?

And where would any money come from, there is none!

Insurance.

Well you are very optimistic, if not realistic

[mike]

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?

[Constantine]

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.

[blythburgh]

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

[parchedpeas]

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?