We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Carillion cost the Tax Payer £150M. PWC earnt £44M. and it went into administration with £7 Billion of Liabilities. Lets see the numbers for Interserve ?
I doubt it.
the didn't bail out the likes of Carillion. hope of that is probably ludicrous.
they will sell the contracts off tho.
Friend to the Tax payer, the Grayling , also known as "The Lady of The Stream" is about to spawn. Which is worrying :( At least some of the Grayling's bottom sucking friends have managed to keep their eggs save in offshore caches. Get ready you Tax payers. Time to bail them out.
*Monday
This will not open Sunday. Lost 58k on this shit heap.
30% shareholder PI should sue the bod and company who drafted restructure plan but never let PI to have option to vote. only way is to vote at 11 today in london. how many PI will travel to london to vote on own expense. they should privide online vote for PI. this plan is not fair and bod should be punished without any consideration of PI.
From the latest RNS:
However, under the alternative deleveraging transaction, shareholders of Plc are not expected to receive any value for their shareholding.
If it was there own money they would run the company better . Dont matter they still sleep at night unlike some poor share holders now .
white elephant!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Wiped out again glad i waited
SUSPENDED FROM TRADING
Government contractor Interserve is to go into administration after its largest shareholder, the US hedge fund Coltrane, led a rebellion against financial restructuring plans drawn up by the company’s lenders.
The result of the vote, held at an emergency meeting of shareholders, fires the starting gun on a “pre-pack” administration of the company likely to be completed by the end of the day. Interserve has thousands of government contracts such as hospital cleaning, school meals and maintenance of military bases in the Falklands. It also operates the probation service.
While shareholders will be wiped out, with ownership falling to the lenders, the nature of a pre-pack administration means the company, which employs 45,000 people in the UK, can continue trading.
IRV have gone into administration.. is it true? can someone confirm? O.o
It’s just been announced on Talk Sport News that Interserve have gone into administration, get rid of them shares
Well the hedge fund did not accept the restructure and has lost its stake. Serve them right
Sorry for you guys, seems like it's game over, shameful management as usual.
UK Gov will not want / allow a US Hedge Fund to run UK public services.
looks like a gonner ...
Not an investor here but you're using an administration to ramp your own piece of sh*t stock? Low life
Sorry to all shareholders. So, the next question is whether Coltrane will take legal action against the pre-pack
Coltrane are a busted flush.
Just like the clowns on here this week (well for a while now) claiming to have sources close to negotiations etc.
Rumours that they have gone into administration?
Administration!!
Coltrane playing a longer game. Fighting against deals which wipe out shareholders to line the pocket of bondholders. Interserve is a sacrificial lamb. Not saying it's right but that's what i think their plan is.