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Look like some investors are thinking about going to court.
Does anyone know if shorters recieved the profit or was it wall written off for them as well... Just asking for knowledge
Sorry for spelling but my frustration took over from the gramma.
I retired in 2003 from Carillion as a Business Director after 30 years service.Then we had a culture of hands on management of our businesses. I ran a LTd company within the group it was standard practice to monitor all aspects of the business not 6 monthly or quarterly or monthly but daily and flag up any probs early, Revenue, cost of sales, overheads, gross profits, pbi, pbt, cash flow., tracking trends in terms of relating ratios. It seems it changed to tender to win, sub it out and sit back and review later, if not going well, keep the lid on it and let the bonuses keep rolling on. Heartbreaking it really is
this sounds so wrong on all levels, I would advise keeping the pressure on them as the longer it goes on the more they can keep it cloudy. I suspect they are trying it on, try and keep as much within writing as possible and keep it simple, it could even be worth contacting a solicitor if there appears to be no get out clause, read the ts and cs and read again. This brings all sort of questions as to whether a deal is a deal when it's confirmed, as someone said previously if the boot was on the other foot....
"are" waiting. Just as well the English teacher is not here!!!
Stanc....see what response you receive. It's not rocket science to just acknowledge your request and inform they ( Broker) is waiting for clearance of funds from "buyer". I would not leave it more than 3-4 days. Media involvement, as Cloudy... suggests could well get the desired result. It is surprising No other investor has received the same treatment. Maybe they are so resigned too the situation and have just written-off!!
...not to mention incredibly bad avertising for Equiniti.
Very good points, IsolatedBod.
hi fairdealer20 I did what you are saying I sent of late Friday noon to equinity asking for my money back I did not think of contacting FCA I will if I get no refund or offer I am very surprised no one has been on here about what has happened to me ( payment being suspended )
Private Equity firms are looking for fast deals to cherry-pick remnants of CLLN according to FT. I wonder if this sort of thing was ever on the mind of HMG when they pulled the plug last week? Can't wait to see if anyone anywhere in HMG, family or friends stand to gain from all of this. Rather dramatically last week I though the decision political suicide for Mrs May and her bunch - nothing this week has convinced me otherwise.
... and ask them which term in your contract supposedly allows them to do what they've done. Then check to see if the term actually covers that. // I still suspect that you're facing a delay rather than a refusal. It sounds as if they haven't received the money yet and that's why they've taken it back.//You could contact the national newspapers' money sections to see if they are interested. Your story has the triple allure of a new slant on Carillion (which is very much in the news) plus something that would shock and grab the attention of any reader who has ever bought shares, plus the paper's awareness that there must be many others out there who have received the same email.
He recommended buying clln on the weds before it went bang haha!! I would love to see the look on his face reading all these comments....
Stanc... this is all on your side. You need to keep the resolve and press for the money which is due to you. Don't shilly shally about, ask them politely to return the money. If they remonstrate or just delay, contact the FCA immediately with copies of your sale and if possible a print of your account where the funds were payed and then withdrawn. One wonders how many other Shareholders have received similar treatment?
I can not understand how if I have sold out on 12th January at time 8.33 and have my contract note telling me the amount it was paid into my account only to be deducted on Thursday.
LOL. Something else gillpat said in his most recent comment was "To be successful at trading, requires intelligence before anything else..." He has a nerve saying that if he indeed recommended buying Carillion when it was in a dire state and a mere month or so before it went under.
Indeed CM. I was questioning Equiniti's planning and particularly their lack of planning for every eventuality. Liquidations presumably can throw up these payment scenarios - however 'unusual' they might be, you would have thought Equiniti and their lawyers to have thought the possibility. They are not beyond the realms of imagination and I am certain they are not unprecendented. All you points are right. What if the money had been used to dip back into CLLN - what would Equiniti be saying then?
https://youtu.be/3o8rdNR5tmE gillpat aka whacko... this is how he spends his weekends at his manor
Hi IsolatedBod. I thought that the "unusual" situation referred to Equiniti not having received the proceeds of sale rather than Carillion's liquidation. I'm not criticising your comment - far from it.
LOL. There was his other comment this week where he referred to a polite comment he had written recently - as if that excused his rude ones. //I've seen others do this before - Machiavellian people do it. It doesn't necessarily mean people who do it are Machiavellian but it is a tactic used by Machiavellian people. I'm not accusing gillpat of being Machiavellian as it requires a certain level of intellect.
Although the situation may be "unusual", liquidation is not unprecedented. You might have thought Equiniti would have had a contingency plan for such situations - and at the very least be able to point out in their small print why the settlement times are relevent when they stand to lose and not when they stand to gain. Now, where have I come across the idea of cr@p contingency planning recently? They are making it up on the hoof - "pending clarification from CREST/liquidator" my @rs�.
Hahaha he is insane !! I was laughing to myself about him last night remembering about when he said he had recently bought or was looking to buy a rental property and he was clueless about the upcoming tax changes on it.... the man who knows everything about everything knew nothing about that did he lol....
Did you see gillpat's most recent comment (starting "stop trying to appear brighter than you actually are" and going on to criticise Jambon's English & intelligence)? What jumped out of the comment was gillpat's poor English. The irony was remarkable - I felt gillpat should stop trying to appear brighter than he actually is. This wasn't the first time he had criticised someone's English in a comment written in poor English. //Gillpat strikes me as a classic example of the Dunning-Kruger effect.
FCA need to be all over this like rash. Like i said before, it's not just pre July investors thst were mislead. Hope everyone is doing ok in their other trades.
I would say they were in dept when they paid out last july's divi and i would say they were in dept whilst paying the previous 2 or 3 july's divi's