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.

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!

"I owe my success to having listened respectfully to the very best advice, and then going away and doing the exact opposite."
Gilbert K. Chesterton

I believe it could fall to 12p.

cynic are you still clutching the knife?

for the moment yes, though i accept it may well have been the wrong call, even if the
bid book remains longer than the offer ..... on the other hand, FOGL is heading back towards the southern basin again!

the gods are trying to look after me, for i'm effectively back at b/e
i wouldn't be at all surprised to see some pretty aggressive bear closing later on, which will suit me just fine

cynic or should we call you Gunga Din well done looking good!

thanks hali ..... very well in the money now, but monitoring carefully

=========

out at 29.95 with a very nice profit given the very few hours i was "invested" .... it may prove to be a bit premature, but i really don't care!

cynic yes be careful if you strip out goodwill, intangibles etc they have a negative net worth perhaps they paid too much for their acquisitions.Don't know how their lending banks hope to recover their exposure with sales declining rapidly, reminds us of Worthington(now MSS).

I'm still in from 19.8 and holding for now, but may not be much longer. Back in auction....

out after auction @ 33.1

appears to be premature!

Balls of steel or brains of a rocking horse - not sure which - but well done :-)

definitely the latter skinny! :)