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Investors Chronicle (IC) issue ‘Smart ISA Ideas’ - 02/03/2018 - 08/03/2018. Safestyle Cracks - Another profit warning. ‘Shares in PVCu replacement windows specialist Safestyle (AIM:SFE) cracked this week as another profit warning hit investor confidence. Since it’s last update in mid December, Safestyle has seen ‘continued deterioration’ in its market, which it pins on declining consumer confidence. This issue has been exacerbated by the entry of new completion into the market, which has resulted in order intake falling below expectations; meaning expectations for the year to 31st December are now “materially below” market forecasts. The shares fell more than 20% to 119p in reaction, which makes the sale of 1.4 million shares at 160p in December by CEO Steve Birmingham Look well timed. My opinion/thoughts: Firstly, it was clear that a huge sale from CEO around 1/3 of his holdings. Declined consumer confidence, as well as lots of completion from Anglian Windows, SafeGlaze, Everest Windows, not to mention newbuilds that will contract double glazing in house rather than to a overpriced firm. Secondly, the share buy backs in October was to manipulate ratios to make the company appear more desirable. Too much competition, weather hasn’t helped and declined consumer confidence says that SFE are in a rocky boat over troubled waters - Still maintain my position that this will drop a further 20% on FY results end of March/April. Good luck all, stay safe, speak soon.

That could be another factor, in a hostile takeover situation, I suppose. I agree with what most people have said here if the results flow in nicely FY results are good as well as drills results etc and the SP actually reflects that there won't be a problem, however, I would agree with Bonker in the sense of longer-term investment grade... but then again, there aren't many AIM shares out there that would be classed as longer-term. If the pump&dump team arrive, I will be out on a pump, usually, this sort of thing triggers people off, seen it before with URU/UKOG and other AIM companies - Hopefully this does not happen here. GLA stay safe, speak soon.

Additionally, to what Jimmy00 said, they say this as if SDX management are under threat or being headhunted to go elsewhere? I don't see how any CEO/CFO would leave a company in a strong financial position to go elsewhere, especially with the pipeline SDX has... Lets put this into easier terms to understand, like football... (most people understand football) if you were Wolverhampton Wanderers F.C. manager, sitting a comfortable 1st in the championship with 73pts, close to getting promoted to the Premier League why would you leave for a team like Southampton (in the Premier League) who are fighting for relegation (sure, the pay may be more but its more risky than your current postion) or, why would you leave for another team in the Championship which are in a worse position than yourself, which will involve more work for you... you wouldn't... you would simply stay to build your CV. - That is the point here, I believe all mangment are going to stay in SDX, based on current financials, asset pipeline etc.. there is no reason for them to leave... They have labeled this as 'strategic' to keep key team members at SDX, but what they really should have said is "we want to profit from this, and take advantage of the current SP - they know the situation with SDX is good, they're insiders for christ sake. Like I said earlier, wool over the eyes situation. Results were going to be good, we all already anticipated that... they have seen an opportunity and want to profit from it as well, that's why people here are more annoyed, more so the level of deception here rather than acting in shareholders best interest.

Personally, I do not see how this is acting in 'shareholders best interest' - which is clearly what the BoD have decided... like telegraphist50 said, it seems very sneaky and at the same time as a 12-month low cycle, which appears to be orchestrated to benefit a minority of high profile employers... They have been pulled the wool over someone's eyes here, with the expected revenue growth over the next 2/3 yrs as well as development and production of key assets it just seems like they had to sneak this one in more so to profit for themselves - Clearly, a well-paid CEO/CFO (etc.) wage isn't good enough nowadays...

So essentially they have issues 10% of shares outstanding as a LTIP - which hopefully the SP can grow at a rate of 11-20% per annum and then need to be held for a further two years before execution? (3xyears growth and further 2xyears held) - smart, but at the same time feel shareholders are being slightly done over (or that was my initial response), in hindsight though, it is probably a good thing because it shows that the company key workers in the company will be more committed to getting the SP above £1.00 a share, or around that mark, as well as trying to increase shareholder value, both for our interest as well as there’s. The one thing that slightly annoys me is the fact that it’s done at 44.5p a share, when the SP has been around 50-55p for the past several months. Why now? And why all of a sudden has there been a drop into the mid/low 40s? To me, it just feels like it was timed to perfection. Still holding all my shares. GLA stay safe, speak soon.

Something very odd is happening here. No II selling, I highly doubt any PIs will be selling - possible hostile take over or something else happening? It will be interesting to hear other people’s thoughts...

Even worse than I expected below £1 a share now. Weather conditions currently won't help the problems here. Further to go still.

One of the worst companies I have seen for timelines. Why say should be expected January... and still haven't heard anything towards the end of February, 'should be expected shortly' to me 'shortly' would indicate in the next week. It would be far better if they just said 'the assay results are expected sometime within Q1 of 2018. This is not the first time URU have been bad with their timelines.

No trades as of yet today... very odd. Still keep my stance that this will head towards 130 on FY results.

The worst bit is they continued to increase the dividend when they could have been plugging away at the pension deficit. Most likely because the BoD had substantial holdings as shareholders. £70M dividend paid and £50M to pension. When questioning Mr.Cochrane he replied "I don't recognise those numbers" the committee said "well it's from Carillion PLC final year results 2016, it is what you published, surely you must know the profit and how much you pay out Mr. Cochrane". Interesting that the committee was mainly full of Labour MPs not like it makes a difference but I just found it interesting.

Live Carillion Committee.

Had this as a short from 216p in October. Profit warning dropped the SP to 160p range, and then 'buybacks' built it up. The buy backs were a cheap ploy to manipulate ratios. The company have said it themselves, they're struggling; and when the company is struggling Ol' CEO Birmingham decides to sell a large chunk of his shares to liquidate out, right after a share buyback... very suspicious if you ask me. This will continue to drop. Will easily drop between15-20% when FY results are in. Too much competition with the likes of Everest and Anglian as well as new builds contracting in house, I don't see this recovering anytime soon, personally. Good luck all, stay safe, speak soon.

Positive bews from Strix today.

I have a feeling this will drop into 130.00 range on FY results (pure speculation like), but still, things aren't looking great for SFE, in my opinion.

Interesting to see a few II buying more shares before FY results in both January and December. If my calculations are correct... now, that means that 66.84% of the shares available are in II hands (that isn't accounting for personal holdings from members of the Strix team) so only 33.16% available to the public. A very tight free float for a company producing a good chunk of profit with a dominant market position and also paying a dividend... Looks like this is very under the radar, no one talking about it, not many people commenting on the chat boards, no one really commenting or even noticing the Holdings RNS's that have ben coming through, with II adding to their positions. (yet most of them are probably having a few cuppas a day - not even realising the opportunity) Sometimes the best investments are staring at us right in the face, but we are not able to notice them. I feel Strix (KETL) is one of those. This is a 'plant the seed and come back in 10 years time' type of company, which hopefully we will all be reward prosperously. Good luck all, stay safe, speak soon.

You're right. The shares should've been suspended a long time ago. Equally, I don't feel the information was deceptive at all. Print off the RNSs with a highlighter (yellow and pink) and highlight good and bad parts in a traffic light code. Straight away £800m debt and only £130m profit after tax a year says something..., addiotnally the amount of CEOs they have had, profit warnings... were talking about a company with around £5B revenue and only £130M profit... the short positions on the FCA page have it away. Still, it will better prepare us all (invested or not) for the future.

You can not blame the Tories for how Carillion messed up. The fundamental day to day operation changed, valuing the company based on contracts it wins and it needs more to grow, it was bound to collapse... if not now, when the next financial crisis or recession hits. The core of the business was structures wrongly (in my opinion). Additionally, you can not blame the Government for proving contracts what you need to remember is Carillion was doing arguably well until it's profit warning a year ago... the Government wouldve still had faith in this since the long relationship thwy have held. These types of company are talking about Billions in revenues.. if one or two contracts don't pay the company can fall short, and it will be sharply. Ultimately, it's a wake up call for all big business to make sure that they don't take on too much work, or too many contracts. It is not the first, and it won't be the last. It was clear the Government would cover the Pension deficit... but that's one of the main issues with having a private sector pension, we've seen it before and we will see it again.

You win some, you lose some. That's why due dilliegence is so important when investing. Don't ever risk more than you can afford to lose and always diverse the portfolio (never put more than 5% of available funds in a company- that's what I stick too). This game is all about risk, if it was easy, everyone would do it. It's unfortunate, but this will prepare people to be sharper in future and to not let emotions take over. I hope people here haven't lost a lot, but winners and losers is what makes a market. Good luck to you all in your future endeavours.

Essentially it's game over... Carillion have gone into compulsory liquidation over administration essentially because it states in contracts that should it liquidate it doesn't have the assets to pay down it's debts... the assets or shares in the contacts (HS2) for example, go to the other companies like KIER... or die Sky News have just reported.. I would say it's not even worth monitoring now. Just leave it - market is suspended so nothing you can do.

Suspension. Illbetabuck got this one spot on.