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Post by Northy on Jan 15, 2018 7:07:24 GMT
That is going to take some sorting out, huge projects going on all over the country and parts of the world.
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Post by Deleted on Jan 15, 2018 7:11:10 GMT
Will probably end up being broken up into smaller divisions, personally I think this was always going to happen, way to many divisions, way to many projects, sad part though is that (A) The Tax Payer will bail them out. (B) 1000's of Subcontractors and suppliers will lose out.
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Post by Northy on Jan 15, 2018 7:16:28 GMT
Will probably end up being broken up into smaller divisions, personally I think this was always going to happen, way to many divisions, way to many projects, sad part though is that (A) The Tax Payer will bail them out. (B) 1000's of Subcontractors and suppliers will lose out. It's just been liquidated, wound up, it hasn't gone into administration. I suspect there will be 1000's of workers staying at home today |
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Post by bathstoke on Jan 15, 2018 8:20:32 GMT
Hedgefund managers have been bettin against it for the past year, with profit warnings being issued, but the Gvt have still been giving them contracts...
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Post by essexstokey on Jan 15, 2018 8:46:46 GMT
Hedgefund managers have been bettin against it for the past year, with profit warnings being issued, but the Gvt have still been giving them contracts... yep just happens that the chair has been adviser to May wonder how involved other ministers are in this!! |
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Post by wizzardofdribble on Jan 15, 2018 9:00:01 GMT
I had shares in Carillion which I've held for a couple of years and now lost.
Three profit warnings in 5 months from an exceptionally badly run company which has been hiding things from the financial market for years.
43,000 worlwide jobs at stake.
The decision not to intervene and bail out Carillion by this Government is absolutely the correct one..despite my losses.
Why should tax payers money go to subsidize an extremely badly run company and transfer money from the general public to shareholders of a private company?
It shouldnt.
What a truly terrible weekend..first it was QSF and MON...Now it's Carillion !!
Don't think I'll bother buying a lottery ticket this week.
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Post by essexstokey on Jan 15, 2018 9:43:06 GMT
I had shares in Carillion which I've held for a couple of years and now lost. Three profit warnings in 5 months from an exceptionally badly run company which has been hiding things from the financial market for years. 43,000 worlwide jobs at stake. The decision not to intervene and bail out Carillion by this Government is absolutely the correct one..despite my losses. Why should tax payers money go to subsidize an extremely badly run company and transfer money from the general public to shareholders of a private company? It shouldnt. What a truly terrible weekend..first it was QSF and MON...Now it's Carillion !! Don't think I'll bother buying a lottery ticket this week. They say bad news comes in 3's so you should buy a lottery ticket  |
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Post by essexstokey on Jan 15, 2018 10:47:16 GMT
They say bad news comes in 3's so you should buy a lottery ticket Think I'll buy some viagra instead.. At least the wife will be happy 😁 thought for a minute you were saying buy the Viagra for stoke to try and keep them up |
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Post by RichieBarkerOut! on Jan 15, 2018 10:50:49 GMT
I had shares in Carillion which I've held for a couple of years and now lost. Three profit warnings in 5 months from an exceptionally badly run company which has been hiding things from the financial market for years. 43,000 worlwide jobs at stake. The decision not to intervene and bail out Carillion by this Government is absolutely the correct one..despite my losses. Why should tax payers money go to subsidize an extremely badly run company and transfer money from the general public to shareholders of a private company? It shouldnt. What a truly terrible weekend..first it was QSF and MON...Now it's Carillion !! Don't think I'll bother buying a lottery ticket this week. I think you should buy that lottery ticket and then give it to me... |
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Post by maninasuitcase on Jan 15, 2018 10:57:21 GMT
Will probably end up being broken up into smaller divisions, personally I think this was always going to happen, way to many divisions, way to many projects, sad part though is that (A) The Tax Payer will bail them out. (B) 1000's of Subcontractors and suppliers will lose out. It's just been liquidated, wound up, it hasn't gone into administration. I suspect there will be 1000's of workers staying at home today My bro included. |
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Post by followyoudown on Jan 15, 2018 11:07:15 GMT
Will probably end up being broken up into smaller divisions, personally I think this was always going to happen, way to many divisions, way to many projects, sad part though is that (A) The Tax Payer will bail them out. (B) 1000's of Subcontractors and suppliers will lose out. It's just been liquidated, wound up, it hasn't gone into administration. I suspect there will be 1000's of workers staying at home today That's because all their contracts have a clause that says if they go into admin they lose all contracts so they basically have no assets that could be sold hence straight to liquidation. |
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Post by teenagefanclub on Jan 15, 2018 17:07:06 GMT
Over half of the current debt they have is owed to them by Oman and Saudi Arabia (they are apparentky 5 years late in paying) and another chunk of their debt is owed by the UK government.
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Post by Deleted on Jan 15, 2018 17:14:34 GMT
Not really bothered.
They were never the same once Fish had left.
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Post by Northy on Jan 16, 2018 10:11:19 GMT
Unfortunately it looks like HS2 will continue as Kier were a joint venture partner and are putting their contingency plans into place.
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Post by bathstoke on Jan 16, 2018 10:29:20 GMT
State sponsored capitalism at its best
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Post by rogerjonesisgod on Jan 16, 2018 13:32:29 GMT
I had shares in Carillion which I've held for a couple of years and now lost. Three profit warnings in 5 months from an exceptionally badly run company which has been hiding things from the financial market for years. 43,000 worlwide jobs at stake. The decision not to intervene and bail out Carillion by this Government is absolutely the correct one..despite my losses. Why should tax payers money go to subsidize an extremely badly run company and transfer money from the general public to shareholders of a private company? It shouldnt. What a truly terrible weekend..first it was QSF and MON...Now it's Carillion !! Don't think I'll bother buying a lottery ticket this week. Had they been paying a dividend? |
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Post by rogerjonesisgod on Jan 16, 2018 13:36:14 GMT
Unfortunately it looks like HS2 will continue as Kier were a joint venture partner and are putting their contingency plans into place. "unfortunately" ?? Not a fan then Northy? |
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Post by wizzardofdribble on Jan 16, 2018 14:14:22 GMT
I had shares in Carillion which I've held for a couple of years and now lost. Three profit warnings in 5 months from an exceptionally badly run company which has been hiding things from the financial market for years. 43,000 worlwide jobs at stake. The decision not to intervene and bail out Carillion by this Government is absolutely the correct one..despite my losses. Why should tax payers money go to subsidize an extremely badly run company and transfer money from the general public to shareholders of a private company? It shouldnt. What a truly terrible weekend..first it was QSF and MON...Now it's Carillion !! Don't think I'll bother buying a lottery ticket this week. Had they been paying a dividend? The dividend was suspended 6 months ago after the first profit warning. (one of the best dividends around which is why dickheads like me bought in without looking at the 'fundamentals'... 😡) |
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Post by Northy on Jan 16, 2018 14:25:39 GMT
Unfortunately it looks like HS2 will continue as Kier were a joint venture partner and are putting their contingency plans into place. "unfortunately" ?? Not a fan then Northy? No, not at all, local infrastructure needs massively improving first, along with getting a lot of the freight off the roads. |
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Post by essexstokey on Jan 17, 2018 9:23:32 GMT
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Post by 3putts on Jan 17, 2018 10:43:44 GMT
Will probably end up being broken up into smaller divisions, personally I think this was always going to happen, way to many divisions, way to many projects, sad part though is that (A) The Tax Payer will bail them out. (B) 1000's of Subcontractors and suppliers will lose out. another tory masterstroke |
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Post by 3putts on Jan 17, 2018 10:46:25 GMT
"unfortunately" ?? Not a fan then Northy? No, not at all, local infrastructure needs massively improving first, along with getting a lot of the freight off the roads. getting freight off the roads? do you really believe in this bullshit? even if freight was moved onto the rails it would still need to be transported to its final destination. the idea of getting freight off the roads is a fantasy. |
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Post by Northy on Jan 17, 2018 10:58:30 GMT
No, not at all, local infrastructure needs massively improving first, along with getting a lot of the freight off the roads. getting freight off the roads? do you really believe in this bullshit? even if freight was moved onto the rails it would still need to be transported to its final destination. the idea of getting freight off the roads is a fantasy. Off the main roads, did you actually think I meant every road ? Instead of HS2/HS3 for passengers gaining 15 mins on a jouney they could use it as a roll on, roll off lorry service from the top of the M6 down to the southern area for the docks and tunnels with pick up points at major hubs like Manchester/Liverpool and West Midlands, it's not fantasy just somebody with a bit of vision and good thought. |
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Post by Deleted on Jan 17, 2018 11:23:40 GMT
Will probably end up being broken up into smaller divisions, personally I think this was always going to happen, way to many divisions, way to many projects, sad part though is that (A) The Tax Payer will bail them out. (B) 1000's of Subcontractors and suppliers will lose out. another tory masterstroke Pretty sure mate that Carillion were formed as part of Lying Tony's masterplan to start with PFI's. under NEW Labour they became an absolutely huge group, involved in Roads, Schools, Hospitals and Rail. But hey...Lets blame the Tories for everything. Never had such cold winters under Labour did we... |
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Post by Northy on Jan 17, 2018 11:39:17 GMT
another tory masterstroke Pretty sure mate that Carillion were formed as part of Lying Tony's masterplan to start with PFI's. under NEW Labour they became an absolutely huge group, involved in Roads, Schools, Hospitals and Rail. But hey...Lets blame the Tories for everything. Never had such cold winters under Labour did we... True, all under Bliars nose. I was working on an HMRC project in 2007/08 when all the takeovers were happening, you didn't know who to speak to at times Carillion was created in July 1999, following a demerger from Tarmac, which had been founded in 1903. Tarmac focused on its core heavy building materials business, while Carillion included the former Tarmac Construction contracting business and the Tarmac Professional Services group of businesses. Acquisitions In September 2001, Carillion acquired the 51% of GT Rail Maintenance it did not already own, thereby creating Carillion Rail. In August 2002, Carillion bought Citex Management Services for £11.5 million and, in March 2005, it acquired Planned Maintenance Group for circa £40 million. After that, in February 2006, Carillion went on to acquire Mowlem, another United Kingdom support services firm, for circa £350 million and in February 2008, it acquired Alfred McAlpine, yet another United Kingdom support services firm, for £572 million. Then, in October 2008, Carillion bought Van Bots Construction in Canada for £14.3 million. |
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Post by RichieBarkerOut! on Jan 17, 2018 12:00:37 GMT
I remember (left wing comedian) Mark Thomas going on about New Labour's obsession with PFI in the late 90's and his predictions about it are coming true.
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Post by Deleted on Jan 17, 2018 12:37:09 GMT
I'll just say, this shambles is a disgrace!
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Post by wizzardofdribble on Jan 18, 2018 3:55:57 GMT
One of the most nauseating facts about Carillions collapse..not alluded to on here..is the way 'Shorters' have made over £200 million out of Carillion.
Shorting means buying shares usually in their tens of thousands if not hundreds..dumping them on the market inthe hope that prices fall. Which is what inevitably happens. Then buying them back or selling them on at a much lower price pocketing the difference.
This has been a major factor in Carillions & other Companies demise. Shorters in effect collapsing companies and making a fortune.
It's a shameful practice and had been going on for over 35 years since controls to stop it were removed.
There are companies (so called 'Hedge Funds') that are set up specifically to short shares..Targeting companies that are in trouble and collapsing them in order to make a small fortune.
Billions of pounds are made every year by a handful of people at the expense of hundreds of thousands of job
And as far as PFI is concerned it's an absolute shocker..PFI projects costing up to 40% more than public borrowing.
The cost to the taxpayer of PFI could be over £200 billion.
Shameful.
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Post by 3putts on Jan 18, 2018 6:37:50 GMT
another tory masterstroke Pretty sure mate that Carillion were formed as part of Lying Tony's masterplan to start with PFI's. under NEW Labour they became an absolutely huge group, involved in Roads, Schools, Hospitals and Rail. But hey...Lets blame the Tories for everything. Never had such cold winters under Labour did we... all this came about due to thatchers obsession with privatasion. what privatasion boiled down to was a reward for the rich tory backers. now we find all our "assets" foreign owned. did the taxpayer benefit from any of the tory privatasion schemes? NO |
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Post by Deleted on Jan 18, 2018 8:48:45 GMT
Pretty sure mate that Carillion were formed as part of Lying Tony's masterplan to start with PFI's. under NEW Labour they became an absolutely huge group, involved in Roads, Schools, Hospitals and Rail. But hey...Lets blame the Tories for everything. Never had such cold winters under Labour did we... all this came about due to thatchers obsession with privatasion. what privatasion boiled down to was a reward for the rich tory backers. now we find all our "assets" foreign owned. did the taxpayer benefit from any of the tory privatasion schemes? NO What complete and utter ill informed rubbish. This came about from lying Tony's obsession with PFI's ( privately funded initiatives) In other words, you build the hospital, at your cost, then we rent it off you at grossly inflated prices. Quite how you can blame Maggy for this is beyond me. What next, blame Churchil for NHS waiting lists, or Pitt the Younger for rising crime. Maggie left power 28 years ago, handing over a buoyant economy to John Major, who led for about 6 years before Bliar came in... Incidentally, do you remember what Bliar and Brown's 1st policy change was, to hand over control of interest rates to B of E, effectively privatizing it. And whilst we are on the subject of Bliar, he is the UK's Richest ex PM, dwarfing anything Maggie ever made, even taking into account inflation, his net worth is estimated at 60 Mill...Some 3 times what he actually claims. Even while he was PM he was building himself a lovely little property portfolio...Whilst lying to the nation through his insincere grin. By far the WORST PM we have ever had, and by some distance... |
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