Wilf Lentil
15 Jan 2018
Re: Capital loss When can you claim the capital loss? Presumably it's when the liquidation is all complete which could be many years or is it now.Could really do with the loss in 18/19. But it probably doesn't make any difference other than for cash flow purposes.
bazonka
15 Jan 2018
Capital loss Dont forget you can claim this as a capital loss for CGT purposes and carry it forward to offest against any realised gains you make in the future.Small compensation but at least you get back a small amount
shugg1e
15 Jan 2018
Re: shorters do you actually know how shorting works? asking a question like that
shugg1e
15 Jan 2018
pity i didnt keep my short open closed my short a 14p dam wish i had kept it open i wouldnt have to buy back now the are finished
ken35
15 Jan 2018
shorters I have lost my money bailed out late got something back will shorters get paid or lose all.
illbetabuck
15 Jan 2018
Re: Re: pyueck Sorry to hear that it did not work out........Best of luckIllbetabuck
LifeInPlastic
15 Jan 2018
Re: ThatÂ’s it move on More a case of using lenders money for this one I think. I don't recall when Clln last issued some shares. Shareholders were receiving a steady flow of funds right up to last June.Major banks not understanding the quality of their loan book? Never!..... wibble
Are Kid
15 Jan 2018
Re: ThatÂ’s it move on What's the difference between a company who takes shareholder's money and then effectively uses that money to pay large dividends to encourage more shareholders to buy shares (which is what I did), and a PONZI type scheme? Thoughts appreciated.
II Editor
15 Jan 2018
NEW ARTICLE: Carillion's collapse and what's moving the FTSE 100 "The strength of sterling and the euro are seeing European stock markets fall slightly, as currency gains cap equity valuations.Sterling has been riding high both on the basis of a weaker US dollar and expectations of a softer Brexit than ..."[link]
LifeInPlastic
15 Jan 2018
Re: AUDITORS!!! Auditors discover lots of frauds. What usually happens is the company quietly lets the responsible management go rather than reveal it has been hoodwinked or has lied to the market.However, CLLN is another in the long line of examples of companies that have gone bust a few months after an unqualified audit report. I can't think of one case where a successful claim has been made against the auditors though.Instead, every time an event like this happens, the result is the audit report ends up getting longer and longer, to include more blurb about limitations of their work and LIABILITY.
cooperboy
15 Jan 2018
Re: ThatÂ’s it move on these construction / services companies are a mare. you read that they have landed a £50 million pound contract and think its good news and invest accordingly and you later discover it costs £60 million to deliver. My worst ever loss was over 4k on a similar company called ROK a few years back. Only a week before they went bust they had paid a dividend-work that out! see also IRV Capita etc-i avoided this one but commiserations to those shafted today
numberbiter
15 Jan 2018
Re: ThatÂ’s it move on I advised on 6 October 2017 ( see post on this board) that this company had no value whatsoever, when the shares were 45p. But it is even worse than I thought then because my forecast was some company would buy the lot for 1p per share. What will happen now is that the liquidator will sell the profitable parts of the business to private companies, the shareholders will get nothing, and taxpayers will take the losses on public contracts. Shareholders might feel aggrieved, but they have been receiving large dividends when in reality those dividends had not been earned.As usual, the ways it works is that private companies bid for public sector contracts. If they are profitable the private company and their shareholders do well; if not all losses are borne by taxpayers. Virgin Rail are an example of this; they cannot run the railways successfully given the contract they signed so Grayling has torn the contract up. The rub is that the public sector will now be deemed inefficient.Now, I feel very sorry for Carillion's shareholders, but I can help them for the future. Look at your current portfolio and check that your company is generating cash as well as profits. Profits without cash is a signal that something is wrong somewhere.
Meanbugger
15 Jan 2018
Re: Nationalisation This is the best possible outcome in the circumstances for Carillion's suppliers and subcontractors. The Government can pump money into the Official Receiver to ensure work continues on public projects and that the supply chain continues to get paid rather than walking off site. The government can claim politically that it is not a bailout as the financial help it is now providing has been forced upon it by the statutory need to finance the Official Receiver to do its job.Suppliers and subcontractors to Carillion's joint ventures in the private sector are probably ok as well as the surviving joint venture partner will be strong enough to settle amounts outstanding.I said before the government should provide financing of £300m-£500m to the administrators to allow the transfer of projects either in-house or to other firms to minimise the impact on the building industry. This is a clever solution to doing just that but claiming it's not a bailout but a statutory duty. Well done those clever lawyers and civil servants!
SS18 ICBM
15 Jan 2018
Another one bites the dust This isn't rocket science. If hedge funds short a stock, all you need to do is NOT TOUCH IT WITH A BARGEPOLE. Is that simple enough? The hedge funds are your proverbial crystal ball. And what stocks they short are not a top secret, all you need to do is Google them. Check out [link] or [link]
carol conneely
15 Jan 2018
Re: The full extent of loss making They were borrowing at 10-12% above Libor on profit margins of <2%. On a technical level they were insolvent months ago. To then cover cash flow and losses at those borrowing rates in the hope of Philip Green’s donation to the Tory Party paying dividends was insane.
