CLLN – Carillion followup

Six months ago I wrote about CLLN (Carillion), and promised to do a follow-up. Hence this post.

I said this company should be avoided. Since then, the share price has fallen from 126p to 20.9p. I’m pleased to say that I called than one right. I notice that the shares are down 13% today.

A terrible company.

I wrote a small post about CLLN in August 2017, saying that in the trading statement of 29 September:

you ain’t gonna like what you’ll read

And indeed you wouldn’t. Although revenues were flat, net debt increased from £291m to £571m and

Full-year results to be lower than current market expectations

In their strategic review they note:

Business refocused on core strengths and markets

I’m going to be uncharitable and say that the business has no core strengths.

I also provided a link to John Kingham’s article “What you need to know to avoid the next Carillion” . It is worth reading.

Stay safe out there.



About mcturra2000

Computer programmer living in Scotland.
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