Member Info for BillTucker89

Oody- sorry to hear about your loss, and i do hope you recover it quivkly. For every opportunity thst vlises, another one opens. As you say had they stopped giving dividends a few years back it wouldn't have been as bad, so it would b nice to know where thst money was coming from. The current mangement team did nothing to turn this round in the last 6 months, wgich has dug us into a bigger hole. All the best...

Is on the Irv board now, stating he'll open a short there tommorow with profits from here living of other people's misery comes to mind Anyeay good luck all

It might boost the price in IRV though, i'm invested there so should be interesting

Yes i think this is one the reasons they didn't get funding, as some of the opposition claimed they issues a dividends just 2 months before, so basically saying and rightly so "get your shareholder to sort your s××× out"

Agree lonlonuk, 6 months and no change, in fact the situation got worse. I've written off my money so not really bothered about recovering it, just concerned about the many employees been f××××× over by Green and C×ck. Karma is b×××× though.

The fact that the banks are meeting again rather just pulling the plug, suggests they are in 2 minds because they are balls deep in this too, but there might still not be a positive outcome. Their proposal must have really been s×××. Either way we will know in a few hours.

Not quite banks are meeting tonight. If there is no deal with the banks, then it's lights out...

Looks like they have one last shot with the banks... Coch best try his best here. https://www.google.co.uk/amp/s/news.sky.com/story/amp/carillion-appeals-to-banks-as-administration-looms-11208333

Threeput all of the rns's were a load of b×××××. I similar in a post earlier in the day about the candian business, of it was worth 250m they should have sold it, regardless of it being profitable. The business was in dire need of cash injection. Were they expecting people to fall over themselves to buy the loss making businesses?

Cashy- it's not a cake that they can just slice up and handout. They may need to go through the tender process again, and firms will need to rebid for the work. Given the desperation you can be assured other contractors will want a premium.Any work that can be moved to othet providers needs agreement from the client, and there are legal procedures to follow suvh as TUPE. Also do you think anyone will want the unprofitable contracts? I don't think CLLN themselves know which contracts are unprofitable and which ones are, apart from some of the major ones that bought this situation on...

HeresHopin- lol at least she won't get as much maintenance now, Carillion has made us all poor

So are thry trying to the d4e at the same time?

Looks like she will not be doing her bit for society :( https://www.google.co.uk/amp/www.dailymail.co.uk/news/article-5267519/amp/PM-resists-bailout-stricken-contractor-Carillion.html

Ionic-to add to that it's not just about raising the capital, it's also about getting rid of the unprofitable contracts which should be a priority. If they are charging say 8m for Contract A thats costing 12m to deliver, then that is being fed from profitable contracts which are on very low margin themselves. If this continues this company will just go around in circles. Anyways good luck everyone, i'm hoping we shall get something tommorrow

I would but i would want to see clarification on the financial position first, snd the strategy of the new ceo. It would also have to be at the right price.

ANDREABAN_es if he had taken the rivht steps all along, we wouldn't be in this situation, for example a rights isssue back in august/september cluld have fixed all this which members have been saying all along. But what we have to remeber is he was interim so not there for the long term, had no financial interest, so all it would have taken is some nice fat envelopes from the shorters and bankers to delay strategy, give negative updates and take more loans respectively.

Cripe-Yes but these guys would just take the money and come back again in a few months with an empty pot. Another concern with HMG is the fact they paid out a £55m dvidend just in May, so ehy do they need a bailout.

Cripes- when has this govt ever mafe the right decision, which is why i've lost hope, the ball 8s now in their court. I'm sure they will outsource it again in a few years ..

Gubster- it might be good or bad news. Good news will be they have struck a deal, and just nedd to tine to finalise the finer detail. Bad news is there is no deal but HMG are using these 'talks' as a time delaying tactic, as there contingemcy plans are not quire ready.

Taz-Yes this waiting is p××××× me off too. I wasnt to know if i get any of my money back or not, so i could move on. I hope you get paid though, and they don't shaft you workers like the rest of us.