Carillion

CLLN: 14.95 0.00 (0.00%)

Delayed:2018-02-23 05:00:06
Bid Price 0.00 High Price 0.00
Ask Price 260.00 Low Price 0.00
Open Price 0.00 Spread 200.00%
Prev Close 14.20 Volume 0.00

Carillion Share Price Chart

Intraday

Historic - 1 year


Carillion Share Price Information

Name Carillion Epic CLLN
Sector Support Services ISIN GB0007365546
Activites Carillion plc is one of the UK's leading support services and construction companies employing over 19,000 people in the UK and overseas, generating sales of nearly £2 billion per annum. Security Type Equity

Key numbers

Latest Share Price (p) 0.00 Net Gearing (%) 72.94
Market Cap (£m) 59.16 Gross Gearing (%) 83.54
Shares in issue (m) 430.25 Debt Ratio 67.06
P/E Ratio 0.48 Debt-to-Equity Ratio 0.40
Divs per share (p) 18.45 Assets / Equity Ratio 6.07
Dividend Yield (%) 92.00 Price to book value 0.08
Dividend Cover 2.28 SROCE (%) 6.62
Earning per share (p) 28.90 EPS Growth (%) -6.47
52-week high / low (p) 233.90 / 12.50 DPS Growth (%) 1.10

Carillion Broker Views

Date Broker Rec. Price Old target price New target price Notes
12 Jan Peel Hunt Sell 14.95 1.00 Resumes
08 Jan Peel Hunt Under Review 14.95 Under Review
03 Jan Peel Hunt Under Review 14.95 Under Review
20 Dec Peel Hunt Under Review 14.95 Under Review
17 Nov Liberum Capital Sell 14.95 5.00 Reiterates

Carillion Director Deals


Carillion Company News

FTSE subdued following Carillion crash

The shocking downfall of support services firm Carillion (CLLN) left a dark cloud over investors.

Carillion entered liquidation after struggling with significant debt and cash pressures on contracts. Shares in the firm were suspended.

The FTSE 100 slipped 0.5 points to 7,769 as weakness in healthcare and airline companies threatened to offset gains in utility stocks.

Brent crude oil was up 0.1% to $70 per barrel.

MID AND LARGE CAP RISERS AND FALLERS

Galliford Try (GFRD) stumbled 7.3% to £11.85 after saying it may have to find between £30m and £40m for its share of money to complete a project with Balfour Beatty (BBY) as part of a consortium with Carillion. Shares in Balfour Beatty retreated 3.1% to 297.9p on the news.

It was better news for public services provider Serco (SRP), up 7.4% to 105.4p on expectations that it would benefit from Carillion's downfall.

Mid-cap Melrose (MRO) was still keen on taking over FTSE 100 engineer GKN (GKN) despite its offer being rejected last week. Melrose was flat at 229.5p and GKN rose 4.1% to 437.5p.

Bodycote (BOY) reported that US tax reform would boost earnings per share expectations by 5p for 2017 and that full year operating profit would be towards the upper end of market expectations thanks to better than expected fourth quarter trading. The heat treatment specialist rose 3.3% to 983.5p.

SMALL CAP RISERS AND FALLERS

Speedy Hire (SDY) suffered a 5.6% slump to 56.8p as investors worried about contracts it had with Carillion. The company responded by saying the impact of Carillion's situation was not expected to be material to the group.

The downbeat trading continued at chemicals specialist Carclo (CAR), which revealed a profit warning for the next two years as decisions over five contracts were delayed. Its shares plummeted 34.7% to 81.6p.

Gem Diamonds (GEMD) rallied 15.6% to 93.2p following the discovery of a high quality diamond at its Letseng mine in Lesotho.

Directa Plus (DCTA) hardened 7.4% to 50.5p on the back of an improved order book. The graphene products developer said its sales doubled in the second half of last year.

Mr Kipling maker Premier Foods (PFD) played down speculation that it was considering selling its Bachelors brand to Nissin Foods, pushing the shares 3.4% higher to 42.7p.

Gaming Realms (GMR) sealed a three-year deal with gambling firm 888. Investors were feeling lucky, marking the stock 4.8% higher to 11.4p.

The departure of chief executive Mark Watkin Jones from student property builder Watkin Jones (WJG) overshadowed decent results in the year to 30 September. The construction company said he was unable to sustain an executive role for 'personal reasons.' The shares fell 10.2% to 203p.

The market was concerned about rising borrowings at Non-Standard Finance (NSF), which fell 4% to 72p.


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FTSE struggles as Carillion crash shocks investors

Dominating the headlines was the shocking downfall of support services firm Carillion (CLLN), which entered liquidation as significant debt and lost key contracts finally overwhelmed it. Its shares were suspended.

The FTSE 100 drifted 7.9 points lower to 7,770 as subdued investor sentiment put banking stocks and utilities under pressure.

Among the biggest fallers were HSBC (HSBA) and National Grid (NG.).

Brent crude oil slid 0.2% to $69.70 per barrel.

MID AND LARGE CAP RISERS AND FALLERS

Midcap Melrose (MRO) was still keen on taking over FTSE 100 engineer GKN (GKN) despite its offer being rejected last week. Melrose was flat at 228.6p and GKN rose 3.5% to 434.6p.

Bodycote (BOY) reported that US tax reform will boost earnings per share expectations by 5p for 2017. The heat treatment specialist rose 3.6% to 986p.

SMALL CAP RISERS AND FALLERS

Speedy Hire (SDY) suffered a 6% slump to 56.5p due to significant contracts it had with Carillion.

The downbeat trading continued at chemicals specialist Carclo (CAR), which revealed a profit warning for the next two years as decisions over five contracts were delayed. It plummeted 37.5% to 78.1p.

Directa Plus (DCTA) hardened 7.4% to 50.5p on the back of an improved order book. The graphene products developer said its sales doubled in the second half of last year.

Mr Kipling maker Premier Foods (PFD) reported it is considering selling its Bachelors brand to Nissin Foods, pushing the shares 3.4% higher to 42.7p.

Gaming Realms (GMR) sealed a three-year deal with gambling firm 888. Investors were feeling lucky, marking the stock 0.9% higher to 11p.

The departure of chief executive Mark Watkin Jones from Watkin Jones (WJG) overshadowed decent results in the year to 30 September. The construction company said he was unable to take an executive role for 'personal reasons.' The shares were down 4.3% to 216.3p.

The market was concerned about rising borrowings at Non-Standard Finance (NSF), which fell 3% to 72.7p.

Gem Diamonds (GEMD) rallied 15.3% to 92.9p following the discovery of two high quality diamonds at its Letseng mine.


Story provided by StockMarketWire.com

Carillion goes into liquidation

Construction group Carillion has gone into compulsory liquidation and expects PricewaterhouseCoopers to be appointed as special managers, to act on behalf of the Official Receiver.

Carillion said it had talks with its key financial and other stakeholders, including the Government, at the weekend regarding options to reduce debt and strengthen the group's balance sheet.

Carillion also asked those stakeholders for limited short term financial support, to enable it to continue to trade while longer term engagement continued.

But it said that despite considerable efforts, those discussions had not been successful, and the board had concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect.

It said an application was made to the High Court for a compulsory liquidation of Carillion before opening of business today and an order has been granted to appoint the Official Receiver as the liquidator of Carillion.

The group said it anticipated that the Official Receiver would make an application to the High Court for PricewaterhouseCoopers LLP to be appointed as special managers, to act on behalf of the Official Receiver.

Chairman Philip Green said: 'This is a very sad day for Carillion, for our colleagues, suppliers and customers that we have been proud to serve over many years.

'Over recent months huge efforts have been made to restructure Carillion to deliver its sustainable future and the Board is very grateful for the huge efforts made by Keith Cochrane, our executive team and many others who have worked tirelessly over this period.

'In recent days however we have been unable to secure the funding to support our business plan and it is therefore with the deepest regret that we have arrived at this decision.

'We understand that HM Government will be providing the necessary funding required by the Official Receiver to maintain the public services carried on by Carillion staff, subcontractors and suppliers.'



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Broker Forecast - Peel Hunt issues a broker note on Carillion PLC

Peel Hunt today reaffirms its sell investment rating on Carillion PLC (LON:CLLN) and set its price target at 1p.

Story provided by StockMarketWire.com

Carillion notes share price rise

Carillion has noted the recent rise in the group's share price and said it was not aware of any material developments that supported this increase.

It said further updates on discussions with the group's financial stakeholders would be provided as appropriate.




At 9:14am: (LON:CLLN) Carillion PLC share price was -1.77p at 22.1p



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