RSS Feed Share on Facebook Send this to Twitter | Login Login | Register
City Independent
The Hull City Fanzine
 
Hull City Forum

Hull City Forum

Deails Post
25 posts. < 1 2 > Show 15 30

New Back To Top

essexgull

8800 posts
First used 12/01/17

#1
14/01/2018 at 14:29

On the verge of going bust. Already driven many of it's suppliers and joint venture partners into bankruptcy, due to squeezing costs and not paying bills.

Was able to borrow far more than it's assets - one third/ £1.5 billion more, based purely on 'good will' lending.

Most likely because the company deals mainly with government contracts, so lenders believe there was a good chance of government/tax payer bailout if it all went tits up, as it has now.

Now, lenders/banks are demanding that the government bails the company out.

Now we'll see if the tail is wagging the dog, 2008 has been forgotten and very few changes to the banking system have been made.

Interesting events.


ESSEX GULL  

New Back To Top

essexgull

8800 posts
First used 12/01/17

#2
14/01/2018 at 14:37

And more interesting is why the department of transport have granted them £350 million of contracts for national rail, despite continuous profit warnings, dividends being suspended, suppliers complaining to watchdogs, credit terms being lengthened and cash flow problems resulting in debts unpaid...

It should be stories like this that bring governments down due to corruption, incompetency and lack of due diligence.

Anyway, back to Trump's naughty word..


ESSEX GULL  

New Back To Top

candw

User Image

26368 posts
First used 09/01/17

#3
14/01/2018 at 15:39

Tories will help them out. Don't forget the mantra - socialism for the rich, capitalism for the poor. You can bung the Proddies £1.5 billion for your job but nothing to stop your grannies dying in the corridor after a 4 hour wait for an ambulance.

Good job we are a placid, bread and circuses population.  

New Back To Top

essexgull

8800 posts
First used 12/01/17

#4
14/01/2018 at 15:45

We'll see.. The main lender to Carillion is RBS - so either way, the British public get rodded. Other main lenders of the 14 bank consortium and 11 pension funds invested are Lloyds, Barclays, John Lewis and HSBC...

You would have thought that less than a decade after a bad banking crash, they'd have learned.

Same old rubbish, same old management (lack of), same old culpability, same old the majority of the UK public caring more about a tweet. Unbelievable. In an ordinary world, Grayling would have to resign.


ESSEX GULL  

New Back To Top

candw

User Image

26368 posts
First used 09/01/17

#5
14/01/2018 at 17:32

I don't wish to start a new thread, or spoil this one, but someone is projecting SHITHOLE on a Trump hotel and I just wanted to mention it. 

New Back To Top

essexgull

8800 posts
First used 12/01/17

#6
14/01/2018 at 17:43

Sick of the autistic screeching over every stupid thing he says. Not sure why those who claim to hate him so much hang on to every word he allegedly says or doesn't say. Another three years of this, at least. Not one of his voters or supporters gives a monkey's chuff if he calls Pakistan a shithole, so wittering on about it is pointless.

US economy has gained 7.8 trillion dollars since he won the title and unemployment at a 40 year low, if you accept those figures. His protectionist policies have resulted in the four main US car producers either moving a lot of production back to the US or changing plans to produce in Mexico. Whatever you think of him, he's doing what he promised his voters regarding industry. Just hope that he bans Asian honey altogether next and allows US honey prices to rise as the market dictates. More people need to read "The art of not giving a f" and stop focusing on him supposedly destroying their lives. There's plenty more wrongs out there far more hidden than Trump and his lack of care about diplomatic language.



ESSEX GULL 

New Back To Top

exiled CITY AFC

User Image

11465 posts
First used 11/01/17

#7
14/01/2018 at 17:53


Well said Gull - trump doing exactly what he said he would.

The left are knicker-wettingly obsessed by him.

Lessons haven’t been learned at all from 2008 there was no moral hazard so the banking elite didn’t learn a thing.

We don’t have either system we have a mix of everything but.

crony capitalism and pseudo socialism.

Let it never be said that I was silent when they needed me - William Wilberforce 

New Back To Top

candw

User Image

26368 posts
First used 09/01/17

#8
14/01/2018 at 19:11

Yep, I'm sure your figures are spot on.

Where did the $7.8 trillion come from? That's a lot of money.

The stories you tell are not the stories everyone tells. Your story has no downside. 

New Back To Top

candw

User Image

26368 posts
First used 09/01/17

#9
14/01/2018 at 19:16

It's odd, but in UK it's the right wittering about Corbyn.

He's done what he said, Give loads to the rich and undo anything Obama did. And Welch millions from the US government.

And the patriotic cunt doesn't even know the words to his own anthem.  

New Back To Top

essexgull

8800 posts
First used 12/01/17

#10
14/01/2018 at 19:35

The value of US companies has risen ca. 30% over Trump's presidency so far... Around 7.8 trillion dollars.

This is opposite to what many economists predicted and warned about if he won.

I haven't disputed the downsides, I wrote that he has done what he said he would to his voter base.


ESSEX GULL


New Back To Top

candw

User Image

26368 posts
First used 09/01/17

#11
14/01/2018 at 19:46

Is that an indicator of the strength of the economy? And economists didn't see the Big Crash, so why take notice of them? 

New Back To Top

essexgull

8800 posts
First used 12/01/17

#12
14/01/2018 at 20:38

Certainly an indicator.

Fair point.

ESSEX GULL  

New Back To Top

candw

User Image

26368 posts
First used 09/01/17

#13
15/01/2018 at 12:04

Start a limited liability company, keep all the profit you make, we'll make sure the liability is the tax payers if it goes tits up. 

New Back To Top

essexgull

8800 posts
First used 12/01/17

#14
15/01/2018 at 18:38

In the US, the directors would be up on criminal charges for financial mismanagement. The UK will probably just take away any honours bestowed.

Plenty of councils need to answer why they've given them contracts either knowing or not K ow ING the financial problems they've been in for the last years.


ESSEX GULL  

New Back To Top

aucklandtiger

117 posts
First used 05/02/17

Group
Hull City

#15
16/01/2018 at 05:00

Quote Quote by essexgull on 15/01/2018 at 18:38
In the US, the directors would be up on criminal charges for financial mismanagement. The UK will probably just take away any honours bestowed.

Plenty of councils need to answer why they've given them contracts either knowing or not K ow ING the financial problems they've been in for the last years.


ESSEX GULL


Most unlikely that any council would turn down a Carillion tender on the basis of financial capability when they are #2 uk contractor. Tender documents only ask for financial references if a company is unknown to them or else a minnow.

How Tarmac goes from 400 mill in the bank and a full order book in the mid 90s to this mess is worthy of a book, but watch your back if you write it. And perhaps if they'd had the foresight to rename as 'Carillion Bank' then they might have even got their bail-out.  

MCGA 

25 posts. < 1 2 > Show 15 30