Carillion go into liquidation

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Carillion go into liquidation

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.TUX. 16 Jan 18 7.27pm
Originally posted by Lyons550 Definitely have sympathy with the point that dividends were being paid when there was a black hole...so what role did the Finance Director have in this? You can't blame the shareholders.. My response was in relation to those investing their own funds not being reimbursed for any losses from public funds so i'm not sure why you've aimed this post at me tbh. But while we're here, every single 'investor' in any given company holds some responsibility in situations such as this, however small. Edit.......Including our government (in this case). Edited by .TUX. (16 Jan 2018 7.32pm) Buy Litecoin.
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.TUX.

16 Jan 18 7.27pm

Originally posted by Lyons550

Definitely have sympathy with the point that dividends were being paid when there was a black hole...so what role did the Finance Director have in this?

You can't blame the shareholders..

My response was in relation to those investing their own funds not being reimbursed for any losses from public funds so i'm not sure why you've aimed this post at me tbh.
But while we're here, every single 'investor' in any given company holds some responsibility in situations such as this*, however small.

Edit.......*Including our government (in this case).

Edited by .TUX. (16 Jan 2018 7.32pm)

Buy Litecoin.

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Rudi Hedman Caterham 16 Jan 18 7.53pm
Originally posted by elgrande It is liquidator....off one of the many brilliant tighten up albums of the 70s. By Harry J Allatars. Played at Wolves too. I was originally referring to 'Celery, Celery, if she don't come I'll tickle her bum with a lump of celery' from WWII. COYP
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Rudi Hedman

Caterham 16 Jan 18 7.53pm

Originally posted by elgrande

It is liquidator....off one of the many brilliant tighten up albums of the 70s.

By Harry J Allatars. Played at Wolves too.

I was originally referring to 'Celery, Celery, if she don't come I'll tickle her bum with a lump of celery' from WWII.

COYP

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Bert the Head Epsom 16 Jan 18 8.10pm
Originally posted by jeeagles Shareholders normally don't worry that much about dividends if the share price is rising. A lot of the time larger dividends are paid out in an attempt to artificially boost share prices. Out of £5.2bn revenue their profit was 3% which is pretty poor considering the risk they carry, even then it was 1% more than the previous year. "Out of £5.2bn revenue their profit was 3% which is pretty poor considering the risk they carry" Be interesting to see how much of the "risk" they actually do carry now that its gone belly up. Its more likely going to be a `privatised profit and nationalised debt' scenario again. Still at least to CEO doesn't have to worry about using one of those food banks any time soon. Edited by Bert the Head (16 Jan 2018 8.11pm)
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Bert the Head

Epsom 16 Jan 18 8.10pm

Originally posted by jeeagles

Shareholders normally don't worry that much about dividends if the share price is rising.

A lot of the time larger dividends are paid out in an attempt to artificially boost share prices.

Out of £5.2bn revenue their profit was 3% which is pretty poor considering the risk they carry, even then it was 1% more than the previous year.

"Out of £5.2bn revenue their profit was 3% which is pretty poor considering the risk they carry"

Be interesting to see how much of the "risk" they actually do carry now that its gone belly up. Its more likely going to be a `privatised profit and nationalised debt' scenario again.

Still at least to CEO doesn't have to worry about using one of those food banks any time soon.

Edited by Bert the Head (16 Jan 2018 8.11pm)

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Badger11 Beckenham 16 Jan 18 9.24pm
Originally posted by Bert the Head "Out of £5.2bn revenue their profit was 3% which is pretty poor considering the risk they carry" Be interesting to see how much of the "risk" they actually do carry now that its gone belly up. Its more likely going to be a `privatised profit and nationalised debt' scenario again. Still at least to CEO doesn't have to worry about using one of those food banks any time soon. Edited by Bert the Head (16 Jan 2018 8.11pm) Got a mate who has a painting and decorating firm. He works for all the big boys, schools, office blocks etc. Every time he wins a big contract he ends up painting the management's homes for free. Last time I saw him he had done it so many times he was now on to their friends and families. About 10 years ago a big company (I forget the name) went bust. They owed him about 100k which he never got. He lost his business and his home and had to start again. I saw a suggestion that the government should start awarding contracts to smaller firms. I agree the big boys distort the market by putting in unrealistic bids and then screwing the sub contractors. I wonder how many sub contractors cut corners because of this. We need more players in the market for healthier competition One more point
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Badger11

Beckenham 16 Jan 18 9.24pm

Originally posted by Bert the Head

"Out of £5.2bn revenue their profit was 3% which is pretty poor considering the risk they carry"

Be interesting to see how much of the "risk" they actually do carry now that its gone belly up. Its more likely going to be a `privatised profit and nationalised debt' scenario again.

Still at least to CEO doesn't have to worry about using one of those food banks any time soon.

Edited by Bert the Head (16 Jan 2018 8.11pm)

Got a mate who has a painting and decorating firm. He works for all the big boys, schools, office blocks etc.
Every time he wins a big contract he ends up painting the management's homes for free. Last time I saw him he had done it so many times he was now on to their friends and families. About 10 years ago a big company (I forget the name) went bust. They owed him about 100k which he never got. He lost his business and his home and had to start again.

I saw a suggestion that the government should start awarding contracts to smaller firms. I agree the big boys distort the market by putting in unrealistic bids and then screwing the sub contractors. I wonder how many sub contractors cut corners because of this. We need more players in the market for healthier competition

One more point

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.TUX. 16 Jan 18 9.38pm
Originally posted by Badger11 Got a mate who has a painting and decorating firm. He works for all the big boys, schools, office blocks etc. Every time he wins a big contract he ends up painting the management's homes for free. Last time I saw him he had done it so many times he was now on to their friends and families. About 10 years ago a big company (I forget the name) went bust. They owed him about 100k which he never got. He lost his business and his home and had to start again. I saw a suggestion that the government should start awarding contracts to smaller firms. I agree the big boys distort the market by putting in unrealistic bids and then screwing the sub contractors. I wonder how many sub contractors cut corners because of this. We need more players in the market for healthier competition No, we need less government. And sorry about your mate (as well as many others) caught in situations such as this. Buy Litecoin.
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.TUX.

16 Jan 18 9.38pm

Originally posted by Badger11

No, we need less government.

And sorry about your mate (as well as many others) caught in situations such as this.

Buy Litecoin.

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simlaboy coulsdon 16 Jan 18 10.01pm
That would be Connaught, £35k down on that one , why these FM companies exist defeats me .
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simlaboy

coulsdon 16 Jan 18 10.01pm

That would be Connaught, £35k down on that one , why these FM companies exist defeats me .

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jeeagles 17 Jan 18 12.18am
Originally posted by Bert the Head "Out of £5.2bn revenue their profit was 3% which is pretty poor considering the risk they carry" Be interesting to see how much of the "risk" they actually do carry now that its gone belly up. Its more likely going to be a `privatised profit and nationalised debt' scenario again. Still at least to CEO doesn't have to worry about using one of those food banks any time soon. Edited by Bert the Head (16 Jan 2018 8.11pm) A nearly £600m pension fund taken on as part of the TUPE arangements when the government started privatising all it's contracts for a start. After they realised the couldn't afford to honour themselves. The government and the unions aren't bringing that one up at the moment and the political mud slinging seems to be a long distance from the reality. Partly because politicians/unionsist either don't know what they were talking about or are trying to divert attention from themselves. With all the outlay they have prior to payment, they'd have been better off putting that money in a bank. Edited by jeeagles (17 Jan 2018 12.21am)
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jeeagles

17 Jan 18 12.18am

Originally posted by Bert the Head

"Out of £5.2bn revenue their profit was 3% which is pretty poor considering the risk they carry"

Be interesting to see how much of the "risk" they actually do carry now that its gone belly up. Its more likely going to be a `privatised profit and nationalised debt' scenario again.

Still at least to CEO doesn't have to worry about using one of those food banks any time soon.

Edited by Bert the Head (16 Jan 2018 8.11pm)

A nearly £600m pension fund taken on as part of the TUPE arangements when the government started privatising all it's contracts for a start. After they realised the couldn't afford to honour themselves.

The government and the unions aren't bringing that one up at the moment and the political mud slinging seems to be a long distance from the reality. Partly because politicians/unionsist either don't know what they were talking about or are trying to divert attention from themselves.

With all the outlay they have prior to payment, they'd have been better off putting that money in a bank.

Edited by jeeagles (17 Jan 2018 12.21am)

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Sportyteacher London 17 Jan 18 9.18am
Carillion apprentices among casualties as firm collapses: [Link]
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Sportyteacher

London 17 Jan 18 9.18am

Carillion apprentices among casualties as firm collapses:

[Link]

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Stirlingsays 17 Jan 18 9.26am
Pension funds....even the state pension...now that's going to get more and more tricky. Not too sure politicians are being very honest with us. 'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)
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Stirlingsays

17 Jan 18 9.26am

Pension funds....even the state pension...now that's going to get more and more tricky.

Not too sure politicians are being very honest with us.

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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croydon proud Any european country i fancy! 17 Jan 18 12.25pm
Originally posted by Stirlingsays Pension funds....even the state pension...now that's going to get more and more tricky. Not too sure politicians are being very honest with us. Hear hear !
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croydon proud

Any european country i fancy! 17 Jan 18 12.25pm

Originally posted by Stirlingsays

Pension funds....even the state pension...now that's going to get more and more tricky.

Not too sure politicians are being very honest with us.

Hear hear !

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pefwin Where you have to have an English ... 17 Jan 18 2.04pm
Originally posted by Stirlingsays Pension funds....even the state pension...now that's going to get more and more tricky. Not too sure politicians are being very honest with us. Remember 2008 and companies too big to fail? Those who cited we should let the market take it's course, then, are now in power and that is exactly what they did with Carillon, but would you really want to admit it? We will not have a state pension in a few years, you'll find that the Work Place Savings Scheme will be its substitute for but the worst off. "Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support."
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pefwin

Where you have to have an English ... 17 Jan 18 2.04pm

Originally posted by Stirlingsays

Pension funds....even the state pension...now that's going to get more and more tricky.

Not too sure politicians are being very honest with us.

Remember 2008 and companies too big to fail?

Those who cited we should let the market take it's course, then, are now in power and that is exactly what they did with Carillon, but would you really want to admit it?

We will not have a state pension in a few years, you'll find that the Work Place Savings Scheme will be its substitute for but the worst off.

"Everything is air-droppable at least once."

"When the going gets tough, the tough call for close air support."

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Stuk Top half 17 Jan 18 3.23pm
Originally posted by Lyons550 Definitely have sympathy with the point that dividends were being paid when there was a black hole...so what role did the Finance Director have in this? You can't blame the shareholders.. They didn't have one. The last one left in September and the new one was due to start next week. Optimistic as ever
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Stuk

Top half 17 Jan 18 3.23pm

Originally posted by Lyons550

Definitely have sympathy with the point that dividends were being paid when there was a black hole...so what role did the Finance Director have in this?

You can't blame the shareholders..

They didn't have one. The last one left in September and the new one was due to start next week.

Optimistic as ever

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