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.

this one's really flying today - like a lead balloon

shame i lacked the cojones to short yesterday against the minor recovery during the day

Nevertheless, potential for a big bounce. Risky!

any trade positive is a gain cynic, I don't mind how many I get right mate.

quite so - as i have often said, a banked profit is a profit ..... and of course you mind how many you get right, or you'ld be living in a cardboard box

harry - you're bonkers! ... 10x safer to go long BP

Lots of upside Cynic. Wednesday 8th September St. Leger Festival Opening Day

Tabby lives in a council house, but maybe heading for a cardboard box when his disabled benefit is stopped.

an allusion to "sell in may" i assume

Not this year IMHO

Broker note from Panmure Gordon:
"Connaught gave a conference call yesterday where they announced that first signs of the issues leading to Fridays profit warning were seen in April. They provided further detail on this, cost saving initiatives and advised that the dividend policy remained unchanged.
Social Housing. Connaught chaired a lengthy conference call yesterday, where a wide range of questions were answered. They were keen to highlight that it was mainly only a section of Social housing revenues which has been impacted, namely stand alone contracts relating to capital spend such as kitchens and bathrooms, where the revenues had been deferred by Local authorities and RSLs
Cost Savings and dividend. A cost savings plan has been put into place to save a net 3m in 2011E, and 25m thereafter. The cost of implementation is taken above the line in 2011E. Connaught maintain that the dividend policy remains unchanged.
Forecasts. We amend our forecasts in light of this. We maintain our 2010E revenues at 690.7m, 724.8m in 2011E and 758.7m in 2012E. We maintain EPS at 20.7p in 2010E, but downgrade 2011E to 21.7p (previously 24.5p) and 2012E to 23.7p (previously 26.7p). We forecast net debt of 120.0m for 2010E.
Valuation. In view of the issues which were covered in the conference call we do not feel much more reassured. We feel that there is still much uncertainty surrounding the stock and we maintain our negative stance. We adjust our target price to 110p (previously 175p) and reiterate our Sell recommendation."

Sell, sell, sell CNT.

Breeden European Partners increase to 13.05%

hyleo is spot on if not already too late ..... Connaught in talks over additional funds

too late, the fair maiden cried in anguish

===============

looks like a huge amount of forced selling in hand too ..... at 22p or thereabouts, must be worth considering a for a quick trade

so i did ..... some at 24.0 and a few more at 24.5 ..... wait and see time

Sell sell sell..

far far far too late dear heart .... for myself, i shan't get greedy, or at least i hope i shall resist the temptation ...... anyway, even at NIL the loss would not be remotely disastrous

StockMarketWire.com
"Connaught is holding talks with lenders over additional funding.

The firm said the group had identified an urgent requirement for additional funds to meet the current and ongoing needs of the business.

It said this was caused, in part, by additional pressure from suppliers and sub-contractors.

Connaught said net debt will be significantly in excess of the previously advised level of 120m at its year-end on 31 August and that it will breach its banking covenants.

The group says it is undertaking a review of its current year trading performance and the implications this may have on its full year financial performance "

suspension looms?

possibly, but looked a reasonable quick punt to me, though could easily be wrong

That's what I said in my post at the end of June. Thank goodness you talked me out of it!

at least i did something for charity!