||EPS - Basic
||Market Cap (m)
|Construction & Materials
Costain Share Discussion Threads
Showing 6551 to 6572 of 6575 messages
|Finally, there should be more free float and liquidity here. Hopefully trading volume increases and it becomes a share on more investors radars.|
|As it appears the placing was oversubscribed, that explains why the market price has held up quite well.|
|Placing at 340 today.|
|Maybe there is buy order ...|
|Curious to know why the sells when the company wins a contract?? Very strange behaviour.....SP goes down on good news, weird!|
|hs2 coming on line contract won + many more for the future|
|hopefully GBP 400.00p plus by the end of the week|
|Analyst Coverage Updates – Costain Group (LON:COST)
Recently stock market analysts have updated their consensus ratings on shares of Costain Group (LON:COST). The latest broker reports which are currently outstanding on Tuesday 15th of November state 3 analysts have a rating of “strong buy”, 0 analysts “buy”, 1 analysts “neutral”;, 0 analysts “sell” and 0 analysts “strong sell”.
Most recent broker ratings
02/03/2016 – Costain Group had its “Buy” rating reiterated by analysts at Investec Securities. They now have a GBP 410.00p price target on the stock.
04/02/2016 – Costain Group had its “Equal-weight” rating reiterated by analysts at Barclays. They now have a GBP 4600.00p price target on the stock.
Costain Group has a 50 day moving average of 358.76 and a 200 day moving average of 342.46. The stock’s market capitalization is 355.48M, it has a 52-week low of 267.00 and a 52-week high of 390.00.
The share price of the company (LON:COST) was down -1.00% during the last trading session, with a high of 353.76 during the day and the volume of Costain Group shares traded was 41503.
Costain Group PLC is an engineering solutions provider. The Company offers consulting, project delivery, and operations and maintenance services. The Company operates through two segments: Natural Resources and Infrastructure plus Alcaidesa in Spain. The Infrastructure segment operates in the highways, rail and nuclear markets. The Company’s Natural Resources segment includes the Company’s activities in water, power and oil and gas markets. The Company offers a range of integrated services, including advisory and concept development, specialist design, program management, project delivery, technology integration and asset optimization and support. The Company offers life-cycle services to energy, water and transportation sectors across the United Kingdom. The Company provides a range of highway services, from asset inspection and assessment; scheme development; managing the statutory process; detailed design and construction; commissioning and handover, and maintenance and aftercare.|
|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.|