Now, this one was just awarded the Aim company of the year. Its a bit likeMears but it has a large GAS SERVICE section and the profits from this outfit would appear to be less healthy than from its Public Service arm. Does anyone have any knowledge of this company which is not cheap BUT could be on its way to making a lot more mazuma.

http://www.dailymail.co.uk/money/article-1301677/Connaught-talks-creditors-led-RBS-future.html

thanks gibby .... transcript below

Connaughts lenders were last night preparing to take control of the beleaguered council house maintenance firm, as it emerged they have drafted in KPMG to advise them on how best to recoup their loans.
The company was locked in talks with creditors, led by Royal Bank of Scotland, in the hope of securing a so-called debt-for-equity deal - an agreement that would see its bankers dropping some or all of its debts in return for ownership of the business.
But although the banks are seriously considering such a deal, analysts said they would also be considering whether they would be able to get more money, more quickly, by selling off part of Connaught or allowing it to go into administration.

meanwhile .... though sp LOOKS a little steadier, be aware that offer outnumbers bid 2:1, so do not be surprised to see a further collapse in due course (wishful thinking?)

cynic - ditto mate

do you have L2? ... if so have a look ..... surely a classic indian rope trick (whoops! is that racist??)

i do - will take a look - cheers

nasty MMs etc putting on a bear squeeze today!
still, i'm happy to ride that out for a while as i cannot see CNT coming back from the brink and have an average cp of 20 + slab of profit already banked, so still happy

mms - exactly! & pleased to hear you have already banked a profit - i made a good profit when still over 1 - then left cnt for a while - thankfully missed the latest crash - nearly bought early this morning today at around 10p but i bottled it!! never mind - not sure what way this will go still feel debt for equity swap out - also cnt customers (local authorities & housing associations) have been approaching other companies such as morgan sindall to take over cnt contracts - interesting times ahead to say the least - hope you make some more here - gl

Where is this going?? up or bust??

imo - bust or next best thing

well that fucked up nearly all my juicy profit, but hey ho

Classic traders beating each other up .great for gamblerstoss of a coin!!!

good luck to the brave ones in - i am out now - still see this going bust imo or at least ownership passed to lenders - one glimmer of hope is that apparently cnt are in talks with lenders maybe pushing the sp up for the gamblers - not unlike ray marine situ imo

looking like one-way traffic again ..... still plenty of money to be made on short tack, but then i would say that wouldn't i!

short - yep - lol

imo cnt might as well put the closed for new business correction any business right now

they have lost according to reports a meagre 250M contract with I think Norwich council forgotten how many years that was for / they need more than some redundancies to save 'em i'm afraid

still does not mean cnt will not provide opportunities as cynic hinted on!! gla

last post - actually losing norwich council contract is just a rumour i am informed- i want to correct this - norwich council have made contingency plans to have the 250M 10 year contract to be completed by other supplier/s if / when cnt go belly up - apologies just want to be more accurate - i can rest easy now!! gla

barnet council i have been told are winding up thier 7M / year cnt contract 13 months early -could this be the start of the end of cnt prior to a potential break up - interesting the director buy ins though recently - WHY???!!! - gl

possibly a precondition by lloyds that the directors put out their own money with the begging bowl

cynic directors buying shares in the market does not help the company's financial position. Can't see any RNS that they have.