We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Costain Group Plc | LSE:COST | London | Ordinary Share | GB00B64NSP76 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.20 | -1.60% | 73.80 | 72.80 | 74.00 | 75.00 | 72.00 | 75.00 | 114,763 | 10:14:54 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Hghwy,street Constr,ex Elvtd | 1.42B | 25.9M | 0.0936 | 7.88 | 204.19M |
Date | Subject | Author | Discuss |
---|---|---|---|
15/4/2020 07:35 | Separately, Costain has been awarded a GBP210 million design and build contract by Highways England to upgrade an existing section of the A30 north of Truro, CornwallI was wrong yesterday being cautious but bought today at 65p | babbler | |
15/4/2020 07:34 | It should do bud | gooner1886 | |
15/4/2020 07:30 | Strategic partner for hs2. Billions in contracts...This should recover nicely.... | ammu12 | |
15/4/2020 07:28 | I should have got in yesterday at 50 but never did , never mind inlan holding these for 2 years lots coming up for them | gooner1886 | |
15/4/2020 07:27 | Good buy gooner.This is a good 12 month hold for a recovery back to 200p | ammu12 | |
15/4/2020 07:15 | Took £20k at 65 in here today, this will re rate massively this year. Good luck all | gooner1886 | |
15/4/2020 07:11 | rather what goes down must go up! this has gone down massively!!! and the company is in a much better position than mnay others. | farrugia | |
15/4/2020 06:59 | What goes up must go up... | davwal | |
15/4/2020 06:55 | There's a hole in the bucket, dear Liza, dear Liza... Call Henry! So where we going today? News now priced in in the short term? Normally I'd be confident of a good rise but after yesterday and this market who knows. | sweep stock | |
15/4/2020 06:14 | So there was no leak yesterday of today's news..??....sheesh! DL | davidlloyd | |
14/4/2020 13:48 | RogerRail - if you look at AA share price it's exactly the same plateau. Started exactly same time, looks exactly same. It's nothing to do with any placing leak. | philobeddoe | |
14/4/2020 13:30 | How so? It is a bit convoluted, but does make sense to me: They believe they are a going concern without the capital raising, but it's a bit tight. To ease that, and to take advantage of opportunities currently not possible because funding is tight, they want to raise funds. The capital raising is not entirely within their control (underwriting clauses), and because of that, the accounting convention is that this constitutes a material uncertainty on the capital raising and this ordinarily may raise doubt about the business being a going concern. But they believe they would have other options available (if the capital raise did not go through) and therefore there is no going concern issue. Bear in mind, almost all of the wording will have been written by their auditors... | imastu pidgitaswell | |
14/4/2020 13:08 | Page 130 of the AR Going Concern statement The Board has concluded that it is appropriate to adopt the going concern basis, having undertaken a rigorous assessment of the financial forecasts and with consideration of the anticipated net proceeds from the announced equity capital raise which the Board is confident will be approved. Material uncertainties The Board considers that the Group and the Company have adequate resources to remain in operation for the foreseeable future and therefore have continued to adopt the going concern basis for the preparation of the financial statements. In assessing the going concern assumptions, the Board has reviewed the base case plans, identified reasonable worst case downsides and anticipated receipt of proceeds from the capital raise. Applying these reasonable worst case downside scenarios the Board concluded that, while there is liquidity headroom, absent the anticipated net proceeds from the capital raise, in a reasonable worst case scenario, while the headroom on committed facilities is adequate, the headroom on the leverage covenant is limited. The Board has concluded that to provide greater flexibility and headroom, and for the Company to take advantage of market opportunity, it would be prudent to take steps to conduct a capital raise to strengthen the balance sheet of the Group. The Company has entered into a standby underwriting agreement to support a capital raise. While the Board has a reasonable expectation that the Company and the Group will be able to operate as a going concern for the foreseeable future, in undertaking their assessment, the Board has considered the fact that a shareholder vote is required to raise additional capital, and that the standby underwriting agreement is subject to certain specific conditions which, although customary in nature, are outside the control of the Company. Under accounting standards these events and conditions indicate a material uncertainty on the completion of the capital raise which may cast significant doubt about the Group’s and Parent Company’s ability to continue as a going concern. However, in the absence of the capital raise, there are a range of alternative actions that would be available to the Board, including entering into discussions in respect of an alternative financing plan with the Group’s lenders if required. Therefore, the financial statements do not include any adjustments which would be required if the going concern basis of preparation is inappropriate. The Auditors’ Report refers to this material uncertainty, and their opinion is not qualified or modified in this regard. | cerrito | |
14/4/2020 13:05 | I did buy today a few earlier than I wanted to as I had not finished kicking the tyres on the Annual Report. I hope that in the next update they give us a steer on what is happening with National Grid on Peterborough/Hunting Stranger things have happened that the Government having seen the experience of homeworking will cancel HS2. On page 145, I was surprised that interest earned on bank deposits went up from £0.3m to £0.7m, despite indications that cash balances were lower and equally surprised that interest expense on bank loans went up from £3.1m to just £3.3m given the fact that page 155 tells us that drawings under the RCF went up from £9.8m at 12.18 to £60m at 12.19. Anyone else surprised? I am going to post the full wording of the Going Concern statement, which to me suggests that the Board have got their knickers in a twist. | cerrito | |
14/4/2020 12:42 | sp plateued at 55p suggests leak in news of placing at or near this level? | rogerrail | |
14/4/2020 08:58 | I think the rise is due to it being Costain’s turn. Many investors are working through the big fallers and this stock was found to be still languishing, so suddenly in they pile... | davwal | |
14/4/2020 08:44 | maybe some sanity is finally setting in - this company is in much better shape than many. | farrugia | |
14/4/2020 08:13 | Looking for a reason for this rise, but can't see anything. Looked at broker ratings for past 12 months, via SIPP provider - both (Peel Hunt and Liberium) have maintained Buy ratings. Even though it has fallen from 330p+ during that time. What possible credibility do these outfits have? Not complaining re the rise though - long term hold for 500-1000% though, not a quick 20%. | imastu pidgitaswell | |
14/4/2020 07:47 | Where's the news behind this jump? | npp62 | |
14/4/2020 07:25 | 90p on way then 155 | onjohn | |
09/4/2020 13:12 | Costain taking off COST | onjohn |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions