||EPS - Basic
||Market Cap (m)
|Construction & Materials
Costain Grp. Share Discussion Threads
Showing 6551 to 6572 of 6575 messages
|Blackrock and Henderson Group have both gone above 5%|
|Looks like sellers who got stock and have to pay for it today or sell .bounce tomororw|
|Sinple retrace before further upward movement (Ihope anywsy!) IMHO.|
|Presume your on the wrong board bigboots?!!!!!!|
|Big seller underway, placing ahead, i fear|
The £24m hit is due to the remeasurement of the pension fund shortfall. It is mentioned in the Chief Executive's statement after the section on the Increased Dividend. The net charge of £24m is shown in the figures below the P&L figures as "An item that will not be reclassified to profit and loss".
Virtually every company in the land with a final salary pension scheme will see the same thing happening. For Costain the impact is not too great. For some (e.g. British Aerospace, Rolls Royce, etc) the impact will be truly eye watering.
At this stage I am continuing to hold. On the basis of the figures excluding Manchester Cost should be a £5+ share and(hopefully at the worst) there should only be one more half year of Manchester - But I would still like an explanation of this period's loss being even greater than last year's charge off!!!
This share has drifted down between results but looming on the horizon we have the Autumn Statement which might give a sector wide boost if infrastructure spending is increased.
All the best!|
|I agree JJHBev that amazing that after all these years the Manchester contract continues to cause provisions- the only good thing is that after Manchester and IRV’s Glasgow there will be no more such contracts. As a shareholder of the former TEG this Manchester contract is very painful for me.
I see that Net Worth went down in the first half because of a £24m hit to retained earnings-ie bigger than the Manchester provision- and I could find no explanation of this. Could any of you?
I see that they say this year’s result will be in line with board’s expectations and that consensus forecasts have eps at 26.54 up from 2015’s 25.1.
My reading is that at this afternoon’s prices, I am more inclined to sell than buy but doubt I will do anything|
|Another £11.4m charge re the Manchester debacle !!!!!!!
They need to explain why this hit has increased so much & whether this is the end of such hits!
Other than for Manchester everything is very good indeed. Infrastructure in great shape, Natural Resources (ex Manchester) profitable & further growth ahead.
Profits up 20+%
Would have been 100% if not for Manchester|
|Solid results, I would expect an upgrade after this with board confidence in inc in divi|
|moving up again, looking for this to hit 360 and stay there before half year results on 24th August|
|solid update today|
|Nailed on to hit targets now.
Thanks to the fund manglers for profits here. Feel free to give it the large in Mayfair whilst knowing deep down, you're just a bunch of silly city muppets ;-)
VTU and PHTM next if manglers wish to make some money.|
|Institutional fund manglers now reversing the algos.
Chart looking very good now.|
|record order book/nice dividend is the reason I bought here.|
|Have Henderson provided a nice buying opportunity here then I wonder. Looks like they have sold 4.3m shares recently according to Alliance News. Stock is trading well off its high.
Fundamentally sound company with about a 4% yield here and a record order book to boast. Got some buyers in size down here too so I'm happily accumulating. Once this breaks 330, expecting it to trend up back toward testing that 350-360 level.|
|Wondered if Henderson's selling-as per yesterday's RNS- was a reason for the price weakness but they did not figure in the annual report as an important shareholder as of 19.2.16 and only went above 5% as of april 18...so there must be another reason.|
|bought today, great price to purchase IMHO|
|Any thoughts on the cooling system for Hinkley B.
Funding for this project is now in doubt as EDF are in a mess.
Never seemed a good idea to have companies that are basically owned by another countries government funding our power and said company requiring a bailout from the French government. Will probably get funding from the EU!
Like the look of Costain but this is a big issue which could cause problems.|
|Hello to the many many participants on this board!
So, whilst the share price seems to be moving in mysterious ways I have been looking further into yesterday’s figures (sp down from 362 at 1pm to 352 at 2pm and virtually back to 362 at 4 pm!)
Looking at yesterday’s results and analysts’ presentation there doesn’t seem to be too much to add to yesterday’s comments.
Looking forward it will now be a case of waiting till August for the half-year figures. My hopes on these are that they will be very positive when compared with the first half of 2015. The rational is as follows (which is very much as per my previous post).
Based on the size of the order book I would hope for revenue of the order of £600m+ and therefore Operating profits of £30m+
The OP profit for the first half of 2015 was £23.5 and for the full year was £51m
Very much uncertain due to the Manchester contract.
The Operating loss for the last full year was £10m. I would very much hope that the current half year will be a lot better than a loss of £5m. We should start to see the profit contribution from Rhead and one would hope that Manchester will not give rise to additional material losses.
Central Costs & Alcaidesa
I would expect these to be of the order of last year at around -£3m.
So, subject to all of the above the Underlying Operating Profit as Costain calls it could be around say £25+m. This compares with £13.1m for H1 2015 and £33.2m for the full year.
Will this sort of performance be achieved? And if so how will the market rate Cost (with the end of the Manchester contract in sight)???
We will see in due course!
Yes - these results look pretty good allowing for the continued impact of the Manchester contract. Is there more pain to come on that this year or have they fully (even over?) provided on that? We will only see in due course but as we have said, it comes to an end this year in any event. I would then hope that they would be targeting break even or better from the Natural Resources plus a significant (£5m?) profits contribution from Rhead.
For Infrastructure we might be looking at profits growth to £60+m for 2016 given the size of the order book as compared with its size last year which generated the £50+m profit for 2015. The half year figures will be very interesting!!!
I will delve down into the figures & info a bit more - and we can see if the whizzo analysts come out with any info from their briefing this morning.
I really think that there is very significant upside here with an adequate dividend whilst things hopefully progress.
Be back later!!!