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Pat2014- yes that is the best advise you can give, but it’s down to individuals concerned on whether or not they wish to pay heed to it. Yes the government will step in, but that does not mean shareholders will get saved. Kier will go on but not shareholders. Again you only have too look at IRV and you can see what the government support will look like.
Metamorphosis84,
Interesting that someone that knows you wonders if your invested here yet.
That would explain the incessant de-ramping.
Ha ha Bill, that would be a turn up for the books!
Bill ... Best advice you can give on here is stay well clear ... This share seems to be acting very similar to Clln ... It’s now the top on short tracker at 10.49% ... it’s seems to be the way when the shorters have their teeth in a share they can bring it down at will .... I took a hit on Clln buying in at 94 and selling in the 20’s when the writing was on the wall ... The only saving grace here is that the government will have to step in soon to one of these outsourcing firms as there will be no one left to fulfill all these contracts .. I will watch from the sidelines
Meta- good to hear, and yes I agree I think it was all bluff from Coltrane. So have you invested in Kier yet? :p
All good thanks Bill.
Not sure that Coltrane were all that serious, had got themselves into an terrible mess going long at IRV. The whole "voted for Trump" comment at the EGM suggests to me they just wanted to salt the earth. To this day can't understand how they got it so right will CLLN yet so wrong with IRV!
My2penneth- yes Debbie White lied through her teeth, but did anything get done? No Interserve carried on as usual, MW and DW collected their bonuses a week before administration, and it was us genuine supportive shareholders robbed of our money. I was expecting Coltrane to take sone action, but they have disappeared off the radar?
Meta84- I’m well than you, hope things are good with you to? Yes I learnt the hard way with both CLLN and IRV, which is why I’m staying well away from this even though there may be a chance of recovery, but highly unlikely at present. My experience with above two companies had taught me RNS’s never have the full detail and often paint a rosy picture on the grim details. Like another poster said management are just interested in saving their ass and collecting their bonuses, and screw shareholders over. It’s all full of lies and deception and worryingly they get away with it. If people on this board do not take notice of people like yourself, then unfortunately they will have to face the consequences. This share is dead unless Mr Davies pulls a rabbit out of a hat.
IRV - they lied.
Bill, hi, good to see someone here who has learned from the IRV debacle.
Hope you are well.
Petals- nicely said and you can add IRV to that list. It seems they fail to deliver to the promises they make, and then leave themselves at the mercy of their creditors, and not forgetting the bonuses they pick up in the meantime. They then try to present themselves as hero’s to their staff and customers for “saving the business” , and ensuring operational continuity and preserving jobs.
The whole setup is shambolic and needs regulating more rigorously. Having lost a fortune on IRV and Cariliion, I would strongly advise against investing here as the signs are too similar. Ican see a very highly dilutive d4e or RI taking place here.
What is happening increasingly often nowadays it seems is that the Board at a PLC like this finds it is getting into financial trouble and does a deal with bondholders to save its own jobs at shareholders' expense. In the process, the shareholders get absolutely screwed. Not just DEB, but at TCG for example, and others recently.
This is fast becoming a disgrace and appears to be being ignored by regulators