RE: Profit takers and misguided shorter17 Jan 2018 08:48
I'm a PI thank you kindly and your insults in no way change my profit shorting this share. Long term value, maybe, over priced on herd sentiment for now.
Maltloaf. An absence of due diligence on the part of Carillion and HMG. It's a badge of honour for government procurement bods to tender a contract that actually cost the contractor. If I take any joy from this mess it will be those procurement bods getting their loss making contracts back and retendering them to a more educated group of contractors.
.....staff TUPE back to government and mr and mrs tax payer have to pick up the cost of the increased pension contributions. LGPS employers contributions running at 20%+ as opposed to money purchase schemes at far lower rates. What about all the contracts being serviced at an undervalue which HMG will now have to pay market rates for. If HMG don't do the deal it will cost them one way or another.
Administrators would have to have been consulted when the board considered that it is foreseeable that the company could not pay creditors on demand. That's been the case for a while now. Can't see any more risk today than a week ago.