The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Just out of interest and this is purely hypothetical could if the government realised that there decision not to give the guarantee is gonna cost not just loads more money misery and almost certainly the next election Reverse it and throw the company a lifeline with conditions of coarse like a management task force sent in to sort it out or is it too late for that Just wondering that’s all
They send in a task force to sort it out they don’t close it down Considering the unique sectors they deal with it can’t be treated like any other company From what I understand it’s the construction side that’s bleeding money not the service side so I assume that’s doing ok If I ran a shop and was losing money on the fruit and veg I would stop selling that not shut the whole shop down
TM should have dealt with this herself OK we understand that it’s been badly run by incompetent greedy bastards We get that but letting it go to the wall is just letting them off hook Not only is it going to cost the taxpayers a lot more than the loan guarantee it’s going to cost 1000s of jobs and ultimately the election ( conservative estimates of cost to the taxpayer £500m and counting according to the press today) People try and make this a we can’t be seen to prop up private companies thing but this is more than that it’s not BHS it ran hum drum but very important parts of the infrastructure of the country FFS Ok we all lost money but this isn’t sour grapes on my part it’s just common sense
The government decided not to guarantee loans ( not give just guarantee to the tune of 200 mill) opting instead to spend an estimated 500 million to close it down Can someone explain the maths to me or am I missing something
I agree there excuse not to help CLLN was that they couldn’t be seen helping public / private companies as it would set a precedent Er the banks they bailed where not state owned if I recall Think I will move abroad find a (what where the buzz words) oh yeah STRONG AND STABLE GOVERNMENT Well we not got one now and as sure as Christ we won’t have one if the other lot get in North Korea seems a good bet slightly more right wing than JC & JM and no double standards
bz. Couldn’t believe TM could hand JC all this ammunition in the first place I really thought they would pull something together Now I told they have basically thrown the next general election for 20 mil quid
Ummm oh well another pint for me then Hang on the lady behind the bar looks fit Maybe if I play me cards right ( or beg) I have to do a lot of begging nowadays I won’t be the only one In the pub that’s been shafted today
Not been able to read the messages through the tears But could it not be sold off by the administrators as a going concern down the line The Qatar funds are always looking to spread there influences and they have shedloads of money Or shall I just view the world through the bottom of my glass and continue to weep And if it was what happens to the shareholders?
And Hoping After a full weekend of talks they have managed to cobble something together However first they have to show it to the Lawyers to make sure it doesn’t breach any EU laws on state aid if it does it might have to go back for some fine tuning After that it will be presented to TM who will almost certainly want to take some or all of the credit for saving all those jobs she gives it the nod Announcement around lunchtime Sorted
Oh it’s in the Daily Mail Well it must be true then
All the EXPERTS that crawl out of the woodwork at times like this All saying well it was obvious Well if it was so obvious why didn’t you mention it before ******s
Sorry bottom line was referring to interview by new Tory chairman that they have to get there head round social media as labour are beating the pants off them in the Hearts and Minds contest
If the Government dont act Mid day News Corbyn would have hunted down some poor cleaner who works for Carillion (fully paid up member of the labour party) no doubt The camera will pan round the flat focusing on her looking wistfully out of the window holding her hand will be JC looking solefully into her eyes The commentator will inform viewers she has ageing parents/disabled child( pick one) and at 50 something no chance of another job No Job No Prospects No Hope We will then be lectured by JC that this is a direct result of Tory mismanagement Something the socialists no a lot about Content a 3 but Presentation a 10 The new chairman of the tories said in the they have a lot to learn and this will be a very hard lesson indeed
The difference is no one is talking about a bail out All the banks are asking is the loan guaranteed not much to ask Stop your gloom and doom They gonna come up with a deal Can’t afford not to Politics is mainly about presentation and content The content is not great so they need to concentrate on presentation
Your plan is not a plan Why go down that route with all the heartache involved and money cuz it will cost a lot more starting from scratch than offering a guarantee on a loan that the banks can’t really afford not to part with (see previous post ) Plus you get credit from the public for showing you do care ( something the Tories need to show that they are not The nasty party) Ok Vince never had a job in my life Cable might be p###sed off not being able to make some capital out of it but who gives a s%%t what he thinks
Large construction firms don’t have assets as such there plant and machines are usually leased and most of the work they usually sub-contract As far as the building side of the company is concerned they act as project managers The service side of the company is where the most people are employed maintaining other peoples stuff So like I say not much to sell there either for the banks to get there money back This is Hobsons Choice pay up look big and wait for the better times which I am sure are on the horizon
There are still 16% of this companies shares out on loan Which seems a lot to me
As I see it the government haven’t got to part with any money unless it all goes wrong which in my opinion it won’t It’s just a cash flow problem Another thing to consider is that CLLN was formed to take on the world tendering for big capital project globally Half of there staff are based abroad The alternative would be the UK having to look outward for jobs to be done here as well How humiliating have to rely solely in foreign companies to build our infrastructure after Brexit IE the Chinese or worst still the Germans
Oshea Please don’t try and convince me these shorters do what they do for the greater good As far as ramping is concerned there are rampers and de-rampers in equal proportion and the idea there opinions effects peoples investment choices is pretty niave to say the least
I agree this practice in banned in virtually every other country why do the government tolerant here Maybe after this is sorted out they might take a look st this practice Hedge funds putting jobs in jeapody on the alter of the GREAT GOD WAD Disgusting