Reply To: Carillion

[Alan Rogers]

Hi Stephen, I follow you knowing that occasionally there will be a set back, but think the set forwards, so to speak, see them off and your performance information shows that, so I am not discouraged by the fact that you are human and must expect unknown unknowns to visit you. I don’t do any research myself so I bought Carillion on the positive commentary. I was surprised to learn they were in a big hole on contracts and pensions, though I understand this was the reason for all the shorting and well known some time ago. My only thought is that you might have informed us and perhaps seen evidence for Hold earlier when the problems were apparently clear. Were you aware of those income problems and extent of pension shortfall, or only post crash?

Kind Regards

Pete Rogers