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did gillpat get booted off this site ?? i wanted to read what he had said ? so you believe he was a fraud ? and not really a investor ?
Prehaps Theresa is on a crusade to cleanup accountancy for the big wide world.The trouble is the big wide world is even more corrupt than where we have been. As pointed out on here last weekend HMG ministers kept on saying this business was a 'going concern',right to the end,more lies. Out of interest for KPMG to sign the accounts of last March as a 'going concern' they must of felt it was going to continue for at least another 12 months but i would guess they would say it was from 31st dec 2016 and it did actually survive a year.
It's ok us mug taxpayers will foot the bill as we always do. The corruption at the top Carries on unabated while we the general public are squeezed at every turn
So, in the spirit of free marker capitalism a firm the size of Carillion is allowed to fail. HMG and RBS (taxpayer bailout recipients themselves) both say no to being part of a rescue deal. The result is that HMG must bring in-house many services at considerable extra expense. In addition, the firms given the contracts are now exerting their monopoly power and want 20% extra (see BBC below). Not quite text-book free market competition is it Theresa? The fall-out is going to get a lot worse too. BBC News: "Sources at industry competitors tell me they will want up to 20% more than Carillion was being paid to take over manifestly under-priced contracts. If that is even close to correct, the failure of Carillion will end up costing the government and the taxpayer many hundreds of millions of pounds."
Snige in this Great Share Owning Democracy, the small Investor tends to be a minor irritant to Directors and Institutions. Cynical me, has little faith in Regulators coming out with the "Whole Truth", a back-sractching exercise will occur......X expected Y to do Z and so on. Apart from the current incumbents the previous CFO's, Howson and the BOD, all have considerable responsibility. No one person can plead ignorance, if they did not know they should have discovered. The most telling revelations are probably going to be discovered by determined Reporters.
Gillpat was just a sad and vile individual. He commented that it required intelligence to invest, and that failure was always on the cards when i suggested that the company failed due to the Coch and co. He then went in about his charts etc.. My response was charts are helpful but no way dictate the direction of the share price, especially if there is malicious activity behind the scenes. I also asked him why he apparently invested 125k days before failure, and why he didn't cash out at 24p as that would have netted him around 20000, and his charts 'would have shown the failure coming'? He didn't answer that. This is where I give the likes of FairDealer his dues, altough i didn't agree with him, he maintained his position like the rest of us. To be honest i don't think Gillpat ever invested, he was just a lonely individuals. With regards him 'helping new investors' i hope no one gets sucked into this, as this is possibly a scam for people to sign up to his courses. Higg profile instance if this below from a so called city trader making £90000 who was actually cash strapped looser. http://forum.binaryoptions.net/discussion/2511/elijah-oyefeso-scam-warning https://www.google.co.uk/amp/www.dailymail.co.uk/news/article-4914564/amp/Playboy-City-trader-23-jailed-dangerous-driving.html
Stanc do not confuse a " possible" payout from Liquidators, which will go to Secured Loan Providers, and Creditors generally. There will be NO distribution to Shareholders, and imo Nothing for Creditors Generally. Best of luck
Cloudy,yes i too would take it to the papers as last resort. The media are currently still blaiming the shareholders for not questioning why directors pay etc cannot be clawed back and why revenue was inflated.At the last annual meeting the institutional investors the like of Blackrock,Deutsche,UBS represented 78% and to be honest me voting by proxy would have been a waste of time.Do other pi feel the same. I think the answer here lies with Deloittes.They were the out sourced internal auditors and also advised on the remuneration committee.This wasn't any in house internal audit but a quality audit company and there is no comparison to Tesco's bringing forward revenue of �300m on a turnover of �70 billion. I have every confidence on this occassion the truth will emerge especially when Frank Fields gets going on them in a parliamentary committee,someone is going to squeal.
There is a recent blog post on Carillion available here: https://www.sharesoc.org/blog/insolvency-and-administration/carillion-emis-kpmg/
fairdealer20 I am not going to give up I will follow on the lines you are suggesting what have I to loss nothing as I have nothing at this present time I am hoping CREST/the Liquidators have last say 2p in the pound
To be perfectly honest i do not believe he bought 125k worth of shares and i do not believe he had a guaranteed stop loss, someone else who traded with ig the same as gillpat commented to say he rang ig to ask about a guaranteed stop loss and they did no such thing, i believe that what ever amount he did put in sank like the titanic with the rest off us that were invested!! To me that explains that behaviour on that monday
Heres.......... Stanc should check the T&C, this could be fundamental to how Equinitti have acted. Take your point on giving cleared funds to the account which would allow further trading, however, playing Devil's Advocate, should Stanc have undertaken another Trade ( not necessarily in CLLN) on Friday 12th, has the Broker suspended that settlement? Using the reasoning stated, it would be Right to expect the Broker to so do. There must be any number of Trades with various Brokers, contracted on the 12th, and for that matter on the 10th and 11th, which would have been due for Settlement after the Suspension date. Have these trades received similar treatment to Stanc! It stinks too me.
correction, " the Broker has NOT given a good reason........"
It was amazing how he turned 180degrees in the last 2-3weeks encouraging, some inexperienced Investors to buy. It is unfortunate all gillpat's posts, the evidence, have been taken down. Far from professing to help people, he has been treacherous when on the Monday (15th) his posts were expressing overwhelming glee at the Loss inflicted on many named PI's.....quite appalling.
I agree. I'd be sorely tempted to contact the Money section of national newspapers as there's a good chance they'll be interested.
That's rhetorical by the way. It takes nerve to recommend buying just before it goes under and then to post a comment inviting people to email you so they can benefit from your market-predicting prowess.
Stanc.... you sold when the stock was freely traded. Equinitti may have settlement terms which they should keep too. The Market in CLLN was suspended on 15th not settlement. The Broker has given a good reason why payment has been suspended. As I remember they had already transferred the consideration too your account but subsequently recovered. That is not good enough....diabolical. What you are being told is not fair and reasonable. It would be interesting to hear from PI's who bought on the 12th.......were their funds taken or left alone? The Broker maybe trying to have it both ways........not on. IMO and I stick by my earlier opinion, give them a deadline after which make an Official Complaint to the FCA. It maybe the FCA will need evidence you have gone through the Broker's Dispute Resolution Procedure....be aware. Don't give up.
gillpat recommended buying on the Wednesday before it went under three working days later? Ouch! I'm amazed. I wish I'd seen his rationale. How can he have performed such a remarkable U-turn?
as I have said early on I sold on Friday 12 January time 8.33am given contract and sold at 20p. got inbox message from EQUINITI on Friday 19 January they had to suspend payment In the message the settlement date was Tuesday but they would keep me up to day
It sounds like all the brokers are trying to steel a piece of peoples pies to me.... im sure it will be clearer in the coming months?! Hopefully!
I dont really know what point you are trying to make but complete failure is the best possible outcome for a short position.... they keep the the money for the shares they borrowed and sold on and dont have to buy shares to return back to the original holder...
Shorts were at about 14 percent on the friday at close of play then the shares are suspended before open monday.... so the were still holding a position...
Shamone brother !!
Wouldn't it be lovely! You make a decision to by into a company with a good dividend, and it all looks good, and even though the stock is shorted, and many people are plainly unhappy, you stick with it, and perhaps even buy more shares at the bottom, and then it crashes. What do you do, but start complaining about the treatment you received and hinting at a vague possibility that there might be the slightest chance of being bailed out for ones poor judgement. I didn't invest more money at the bottom, and am not complaining, though I did lose quite a lot. My fault; better luck next time and move on.
Trust they have a No Win NO Fee agreement!!