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Anyone notice that some of the shorts are now at over a 100 percent loss in ocado ?!?! Boom !!
Gov could help suppliers tomorrow by getting rid of 120 day settlement.With todays technology they could easily settle within 7 days anything over this would attract interest payments similar to credit card rates. Suppliers are in a similar boat to us except if things go wrong staff get laid off.If above was implemented at least the losses would have less impact.
I dont know what they are trying to gain posting rubbish, it baffles me.
looool. Considering he shorted this big time last year and got nasty to me for shorting before it went bust, he was easy to read as a fraudster. He never bought 125K. You'd have to be a complete twaddle to have believed him.
Maybe of interest. http://www.londonstockexchange.com/traders-and-brokers/rules-regulations/change-and-updates/stock-exchange-notices/2017/n1117.pdf https://www.londonstockexchange.com/traders-and-brokers/rules-regulations/rules-lse.pdf "Rule 5000 (Obligation to settle) and its associated guidance places an obligation on member firms to ensure that every on Exchange trade is duly settled on the agreed settlement date." "Settlement of outstanding transactions can continue whilst the security is suspended."
I had business dealings in the 1980's with McLean Homes and Tarmac in the Midlands. It came across as a very professionally run company. I was a supplier and remember we couldn't get away with anything; scrutiny of everything billed for thorough. But we had a peace of mind knowing Tarmac as customer was solid and good for the money. I was a long term investor in Carillion and was very sad to see it collapse.
Jambo Email from equiniti email much the same as Hargreaves lansdown but diverent wording with the same out come they are trying to screw us over my fear is they shut this site down. We need to try and keep in touch i do not know how
It's funny that we have not heard of any Equinity customers saying that have had their money returned after they purchased shares on Friday! If trades made on Friday were not valid, then both buys and sells must be cancelled. They cannot pick and choose what trades to cancel.
They can't have it both ways, you either own the shares (even though they are delisted) or you own the money you sold the shares for !!! If the shares are not in your name they owe you the money. Simple as that in eyes of the law ?!?!
Exactly, the Liquidator is not interested, is only there to dispose of assets and distribute proceeds to Banks and Creditiors. Shareholders will only come into it if there is any money left over, a very unlikely event. Don't forget you are not a registered Shareholder along with all who sold on 12th. It is all the more bizarre how the Broker is acting. Some believe Sellers will eventually get their money. I am not so sure. All the more reason for you and others to act in a concerted manner. IMO they (Brokers) have not covered the sale and are trying to use time as a weapon and bamboozle you and others.
@fairdealer20, I sold my shares at 14:00 on Friday and the money was in my account sometime later that day. Got the email on Tuesday. Exact same email as Stanc, so I am guessing the same template email was sent to everyone who traded in Carillion on Friday. What I do not understand is, why the Liquidator should be involved as this is a simple share sale.
he Board of Carillion plc has announced that the Company has entered into Liquidation with effect from 15 January 2018. The Company was unable to pay the money owed to its suppliers and other borrowers. The business will now be sold and the money used pay off its debts, this could take several years. Any money left over will be passed on to Shareholders, but at present it looks very unlikely that any returns will be made to Shareholders. It is no longer possible to buy or sell Carillion plc Shares. We expect the Shares to delist from the London Stock Exchange shortly. This letter is for your information only and you do not need to take any action. Your Carillion Shares will stay on your Hargreaves Lansdown Account during the liquidation process. Once the Liquidation is complete the Shares will be removed from your account. We’ll contact you again when we have more information for you. If you have any questions, please contact us. Yours sincerely Ellie Nethercott Corporate Actions
Vijay......when did you sell? when were funds transferred to your account and when were they withdrawn? One wonders if it is just Equinitti who have used this procedure? It would be helpful if other Sellers can record their experience during the last day or 2 of Trading Carrillion. Many will be right to think the Broker is covering his loss....tough. As with Stanc read your Trading T&C. Maybe you should collaborate with Stanc and any other PI who has used Equinitti?
Yes i sent email of on friday same thing/wording see my message on here friday i could not copy paste so i just right is out but yes same message i put it on this site see friday
I have also received an email from Equiniti about my sale of shares on Friday. The cash has disapeared from my account and the email says CREST/Liquidator. My complaint to them has not been replied yet. Is this situation normal ?
Labour has warned that the crown representatives who are supposed to police public sector suppliers such as the failed construction company Carillion face potential conflicts of interest, as its own research showed that several hold external directorships and one is a Tory donor. A dossier produced by the party showed that the former admiral Sir Robert Walmsley, who is responsible to the taxpayer for monitoring the outsourcing multinational Serco, also sits on the board as senior independent director of two defence contractors, Ultra Electronics and Cohort plc. � Guardian Regards
https://you.38degrees.org.uk/petitions/nationalise-carillion-now
I went to the AGM in Birmingham in 2016 and during the questions to the Board a shareholder kept asking scathing questions and the faces on the Board members looked very uncomfortable. She kept asking questions and was getting annoyed they wouldn't give her a straight answer. I wish I had taken notice of what she was trying to get at, it is very obvious now she knew something wasn't right
Personally, I thought he was a Walter Mitty.
The share price is now reading as 0p on here so I wouldn't be surprised if this chat does vanish soon. It's been a pleasure talking to everyone.
The government couldn't save it no but they could find 100 billion to save corrupt banks that will benefit enormously with this collapse 45000 ordinary people are looking at the rock and roll. Good on you government. We'll still end up footing the bill for unfinished jobs.
Billyboy, there has been considerable decrease in posts, but whilst the Stock remains Listed and members like Stanc have problems they want to share, can see this bb continuing for a while yet.
This chat line will be going soon don’t know when
I seem to remember similar posts to the ones that are appearing here, for other companies that went belly up, and nothing much changes. The blame game goes on unabated, and there isn't really much one can do about the situation.One or two unscrupulous directors will get knighthoods, certain ministers will be ennobled in due course, and time will pass and all this will be gently forgotten. Many of us will remember losing considerable sums of money for a considerable time to come. I for one, am becoming risk averse, which will reduce my appetite for playing the stock market.