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Taz, I hope you find a better company very soon. CLLN told us everything was fine in December 2016, paid huge divi in 2017 then collapsed in January 18..........the execs should all be facing civil lawsuits. No need for jail just huge clawback plus fines.
Yes good luck taz !!! What a 6 months ay !!
Yes, it may cost more to the government to let the company fold, but its not about the money for them, it�s about setting a precedent that badly managed companies won�t be bailed out by the government, and thus allowing the capitalism model to work its course. However, banks are a differently kettle of fish as they have the government by the balls and must bail them out to avoid a serious financial meltdown.
showing in my account as price per share,,,i got a few last Friday at 13p... now they worth nothing the true price is showing,,,what a rip off
They send in a task force to sort it out they don’t close it down Considering the unique sectors they deal with it can’t be treated like any other company From what I understand it’s the construction side that’s bleeding money not the service side so I assume that’s doing ok If I ran a shop and was losing money on the fruit and veg I would stop selling that not shut the whole shop down
TM should have dealt with this herself OK we understand that it’s been badly run by incompetent greedy bastards We get that but letting it go to the wall is just letting them off hook Not only is it going to cost the taxpayers a lot more than the loan guarantee it’s going to cost 1000s of jobs and ultimately the election ( conservative estimates of cost to the taxpayer £500m and counting according to the press today) People try and make this a we can’t be seen to prop up private companies thing but this is more than that it’s not BHS it ran hum drum but very important parts of the infrastructure of the country FFS Ok we all lost money but this isn’t sour grapes on my part it’s just common sense
Also guaranteeing loans to a business that will fail is the same as giving. The business was badly mismanaged.
Morning! The business was badly mismanaged and was bleeding money, they had I think three profit warnings in a row. Neither did management come up with a viable plan to fix anything. So if the government would have given them the loan guarantee that money would have been wasted, they would then have to still bail out the pensioners a few months down the line. So the question was: a) bail out the pensioners now for 500 million or b) waste 200 million now and then in three to six months time bail out pensioners for 500 million this costing 700 million in total. For a market economy to work bad business must be allo did to fail, otherwise the U.K. would be like the Soviet Union. The banks were a different case as allowing them to fail could have dealt huge damage to the functioning of the economy.
The government decided not to guarantee loans ( not give just guarantee to the tune of 200 mill) opting instead to spend an estimated 500 million to close it down Can someone explain the maths to me or am I missing something
Just the 3 cans....must be a mild case as Oshea has 4 or 5. Lol
FD20. Don't put the crayons on your face mirror. If the heating is on they can get sticky and your powders might stick to them. If so, just carry on having the 3 cans of Special Brew per hour that your GP prescribed.
Newsnight hinted at the cost to the taxpayer of having to take on so many of the contracts that the JV partners won't / were not ever going to take over. Look forward to comparing the cost with the numbers mentioned over the weekend regarding bailout,
lemail I’m quietly confident I could. But I’ve already got one who I strongly assume is a little further up the ranks in the business world than yourself. I’ll give you a shout if I want my spelling brushing up though.
Oliver Dowden says there will be no additional costs for the tax payer,yet treasury reckon its going to cost. I hope they know what there doing.
Oshea from reading your posts and connecting the dots it was implied. PS you couldn't afford me !
lemail will you be my business coach? I’ve learnded so much from you tonight. Ps I never said shorting was investing, I said I’m glad I’m better at investing than spelling.
Probably more useful teaching amateurs how to invest in fairness.
We have an English teacher here. I think you would be more useful teaching kids than correcting poeple on this board..
The form alright is a one-word spelling of the phrase all right. Alright is commonly used in written dialogue and informal writing, but all right is the only acceptable form in edited writing. Basically, it is not all right to use alright in place of all right in standard English !
Is this alright.I wish you were in front of a firing squad.
Oshea just for your edification a short position is trading not investing.
KPMG are now in the firing line = KPMG is now in the firing line
Good luck. I bet mp�s will be onto this question via select committee pdq.
Loose = lose
lemail im glad I’m better at investing than spelling. The odd wrongly spellded word didernt eva cost me eny kash