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The RNS today talks of "strengthening Management" and also of "breaching Banking convenants" - after they "reviewed" their Position...etc.

[[ Edit: - don't get me wrong, these look like the right people, but will they be working full-time with several other jobs between them? Also they will need to be paid a fat "bonus" no doubt and still their equivalents are still there at CNT (what a nice EPIC), being paid, pensioned and sucking up to the Chief Honcho....which is where the problem rests, clearly not up to it...what other explanation? - (at least with BP there was an unexpected accident..etc. etc.)....time will tell, but these (cnt)-EXECS should depart swiftly. Er, IMHO . . . . DYOR.]]

Yet the chief Bounder is still there... the Banking issue should have been seen coming - the Market did and got shot of these dullard stocks......meanwhile Execs eat more caviar and ordered the peasants to turn the (hog-roasting) spit faster....
If you wanted a Model for bad practice, this would be a good starter.
=At what time did they realise the Blair/Brown public money-flow would stop...? Surely, when the profits are flowing they would make provision for bad times? - Maybe "spread their risk" - do Execs pay lip-service to good practice, or are they like a drug addict...hooked on more, mOre, More?

Debt for Equity is the likley outcome, with Banks being forced to support this outfit, if only to get earlier lending back. So any stock you buy now will likley be diluted...so the price=paid should be multiplied by TWO say, to reflect the actucal value received. Currently abt. 38p so maybe you're really paying 75p-ish....bargepoles.

And these were 4 not that long ago........Grrr, - for anyone that liked the Sector.

If a deal is struck with RBS their bankers, I would have thought that a condition of it is that the board/CEO/financial director go straight after. They're probably only staying to broker the deal

Don't own but I took the gamble and made money yesterday/today.

Read today a hedge fund has lost 70m trading CNT.

My heart bleeds for them

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make that miaow with knobs on

Made my day Mitzy

lol.

.

And lets be fairCNT is only one letter short of a hedge fund..

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Lloyds stands by stricken Connaught

By Alistair Gray

Published: August 12 2010 01:36 | Last updated: August 12 2010 01:36

Lloyds Banking Group has decided not to follow Barclays in disposing of its debt exposure in Connaught, saying it would stand by the stricken property services group in its hour of need.

The bank, a junior member of a lending syndicate led by Royal Bank of Scotland, confirmed on Wednesday night that it would not start selling off loans it has made to the FTSE 250 company.

http://www.ft.com/cms/s/0/550ecb90-a5a0-11df-a5b7-00144feabdc0.html?ftcamp=rss

http://stockpromoters.com/penny-stock-traders/index.php/2010/08/12/uk-lloyds-stands-by-stricken-connaught/

I think Lloyds are after some brownie points after the Mervyn King attack on our helpful Bankersdid he say stinginess of bonus driven bankerssurely not?
lol

shame they don't back smaller and viable businesses which just have cashflow probs

lloyds imo are standing by cnt so that when the debt for equity swap happens (if it does) there will be something left of cnt to t/o - shrewd move especially with other lenders dumping

they may reckon their pain is already so significant that a bit more won't notice