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Lloyds Share Chat (LLOY)



Share Price: 70.49Bid: 70.47Ask: 70.49Change: 0.06 (+0.09%)Riser - Lloyds Grp.
Spread: 0.02Spread as %: 0.03%Open: 70.70High: 70.95Low: 69.93Yesterday’s Close: 70.43


Share Discussion for Lloyds


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utrickytrees
Posts: 2,095
Off Topic
Opinion:No Opinion
Price:69.92
RE: carillion
Tue 11:02
Local authorities are obliged to take the lowest tender price for work unless they can justify otherwise that's why it's called Compulsory competative tendering. IMO this was the root cause of grenfell as contractors cut corners to obtain a margin, easy to do if the contracts are not adequately policed / building control.
 
utrickytrees
Posts: 2,095
Off Topic
Opinion:No Opinion
Price:69.91
RE: carillion
Tue 10:56
Babes, if the debtors list is dumping ground for aged uncollected debt say all those 2 - 5% balanced that get payed on satisfaction or penalty clauses that haven't been written off because the P&L can't accommodate it because it will result in a drop in credit rating (there are loads of reasons why the debt list could be untidy, too numerous to mention) then it would support your theory that they were undertaking work which they weren't geared up for. If on the other hand the debtors list was fairly clean it would indicate they were being brow beaten on cct type contracts. Probably a bit of both Freya at least were agreed that they felt it necessary to take work at low margins just to keep the workforce in jobs. (What colour).
freya
Posts: 1,734
Off Topic
Opinion:No Opinion
Price:69.95
RE: carillion
Tue 10:47
Like I said Tricky, any one can go out and get work, getting paid for it is a different matter. This fact eludes many a salesman whose job is only to sell a commodity, getting the cash in is left to the unfortunate accounts department.
freya
Posts: 1,734
Off Topic
Opinion:No Opinion
Price:70.02
View Thread (2)
RE: carillion
Tue 10:40
So why would looking at the debtors list make any difference Tricky, what is that going to tell you? Carrillion had a choice whether or not to tender. There was nothing compulsory about it. Bad controls and management. No one made them tender. The word compulsory is out of kilter here Tricky. Industrial terms Tricky. Lol you make me laugh.
livestock
Posts: 285
Off Topic
Opinion:No Opinion
Price:69.96
RE: carillion
Tue 10:39
Carillion's collapse is an embarrassment for chairman Phillip green's establishment connections. Green 64, is both a downing street advisor and chairman of prince Harry's charity Sentebale.
utrickytrees
Posts: 2,095
Off Topic
Opinion:No Opinion
Price:70.235
RE: carillion
Tue 10:25
Freya darling, youre post has the exact same sentiments as my first post today, but your vocabulary is slightly less sophisticated & I've used a few Industry terms like CCT, other than that we share the same view. Can't wait to see u in them silk knickers. X.
livestock
Posts: 285
Off Topic
Opinion:No Opinion
Price:70.27
RE: carillion
Tue 10:22
Banks were thought to be braced for the biggest financial hit, with lenders including Barclays, HSBC, Lloyds and Santander UK looking at losses of around £2billion.

http://www.thisismoney.co.uk/money/markets/article-5272345/Carillion-collapse-hits-banks-rivals-building-shares.html
guingette
Posts: 903
Observation
Opinion:No Opinion
Price:70.245
Repeat message
Tue 10:19
I repeat myself. This is classic case of £overtrading£ a fault which can been seen in many trades etc.Their board led and no doubt controlled by an £entrepreneurial.£ MD has led this business down ...a dangerous path.....some realise and turn back but not in this case....control has been lax no don£t there has been generous bonus payments for
all concerned.. at the top....if they took these on shares then they will be learning a very hard lesson
freya
Posts: 1,734
Off Topic
Opinion:No Opinion
Price:70.155
RE: carillion
Tue 10:15
Tricky, it£s easy to get contracts out there but getting contracts that are profitable and getting contracts that you will be paid for is a completely different matter. They were tendering for work just to get it with no thought that a profit might be desirable.
utrickytrees
Posts: 2,095
Off Topic
Opinion:No Opinion
Price:70.16
RE: carillion
Tue 10:14
DCB chin up m8, you could be in Walsall wheelbarrow company.




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