I Read The News Today Oh Boy! 22-Dec-2017

22nd Dec '17 by matylda

10 comments 3304 reads

Morning All!

Just one to finish off with before the festive period starts…

Carillion ( Carillion (LON:CLLN) ) – 17.25p – £74.2m – PER 0.79

Update On Financial Covenant Deferral – A little more breathing room with support from the major stakeholders (and the banks).

Still got my fingers crossed for a happy outcome for holders here – But I will not be considering joining them.

So...

Thanks all for the support, comment, insights and personal experiences shared here. It’s great to learn from each other.

A Merry Christmas (to those who celebrate it) and a Happy New Year.

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About the Author

Matylda

Premium Member

10 comments

rhomboid1

22nd Dec '17

Morning Matylda
Just a festive thank you from me on behalf of all of us for the ‘early shift’ news digest you (and MrC) provide, it’s much appreciated!

MrContrarian

22nd Dec '17

My morning smallcap tweet:

LXB Retail Properties (LON:LXB), Westminster (LON:WSG), LSL Property Services (LON:LSL)

LXB Retail Properties (LXB) sells retail units at Stafford for £35.9m gross (£10.2m net of borrowings) plus leisure property at Stafford for £4.3m net plus contingent £4.8m. Also lettings at Rushden Lakes Sutton. Don't give gain/loss on NAV. I hold.
Westminster Group (WSG) update on its previously announced major long-term project opportunity within the Middle East. "All but a few more minor commercial and contractual issues have now been agreed. Due to the complexity and increasing potential scope of this project, it has now been agreed to undertake the project in phases, with the initial phase expected to be worth approximately €24m PA."
LSL Property Services (LSL) wins multi-year extension to its contract to supply UK residential survey and valuation services to Santander. No value given.

Ramridge

22nd Dec '17

Re. Westminster (LON:WSG) Today's trading update is almost unbelievable. They say they have nearly done a deal to secure Euros 24m per annum for WSG. All subject to final ratification in January. That's from a company whose market cap is £11m and last reported revenues £4.4m
The fly in the ointment is that management has frequently disappointed in the past whilst dangling carrots a number o times. Last year Paul's report consigned it to the barge pole list.
Is this finally the Big One? Personally and on balance I am going to pass. I rank trust in management very high and this management has a very poor record on this score.

matylda - a huge thanks from me for your daily posts and views. They are a real boon to us all.

Sunny350

22nd Dec '17

Merry Xmas and a happy 2018, Matylda! Excellent reports, thank you!!

Wol

22nd Dec '17

And from me too, thank you and good wishes for the holidays to you matylda and to you Mr Contrarian for these incredibly useful early morning updates

RichardK

22nd Dec '17

Hear hear!

Richard

jpatel12

22nd Dec '17

Merry Xmas and best wishes for the new year Matylda. I enjoy reading you succinct summaries.

penchrise

22nd Dec '17

Have a nice break matylda and be assured your reports are grealy appreciated

Rusty2

22nd Dec '17

Matylda, thanks for your good work this year, it's great to see whats happening first thing in the morning. Hope it may continue next year. Merry Christmas and Happy new Year.

andrea34

22nd Dec '17

Thanks for all the early reports Matylda and Mr C, very useful!

Merry Christmas & a Happy New Year to everyone :-)

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I Read The News Today Oh Boy! 22-Dec-2017

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About the Author

Matylda

10 comments

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