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Long-standing shareholders have seen the value of their shares almost wiped out
Thursday 23 Nov 2017 Author: David Stevenson

Beleaguered support services company Carillion (CLLN) continues to struggle. Last week its share price crashed by over 30% to 28p on yet another profit setback and a warning about breaching its debt convenants.

Going back to mid-May 2011, the company was worth a whooping £1.7bn compared to today’s £120m market cap.

This equates to the company losing 93% of its value in the space of six years. Ouch.

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