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COST Costain Group Plc

75.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 75.00 73.60 75.00 76.00 72.00 75.00 718,850 16:35:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Hghwy,street Constr,ex Elvtd 1.42B 25.9M 0.0936 7.95 205.85M
Costain Group Plc is listed in the Hghwy,street Constr,ex Elvtd sector of the London Stock Exchange with ticker COST. The last closing price for Costain was 75p. Over the last year, Costain shares have traded in a share price range of 41.80p to 76.00p.

Costain currently has 276,684,741 shares in issue. The market capitalisation of Costain is £205.85 million. Costain has a price to earnings ratio (PE ratio) of 7.95.

Costain Share Discussion Threads

Showing 6351 to 6370 of 10150 messages
Chat Pages: Latest  262  261  260  259  258  257  256  255  254  253  252  251  Older
DateSubjectAuthorDiscuss
16/4/2020
12:47
https://www.constructionnews.co.uk/contractors/costain/costain-cfo-our-debt-is-too-high-12-03-2020/
costax1654x
16/4/2020
12:44
Ammu is new in the game
costax1654x
16/4/2020
09:54
But not all gaps get filled...

If they come out with more balls-ups and financial hits, it possibly will. But without those, I can't see it happening.

Time will tell - in for a period of consolidation after massive movement, perhaps.

imastu pidgitaswell
16/4/2020
09:34
Gap to 50p to fill
letmepass
16/4/2020
08:31
I will buy back after the raise.Maybe will have to pay more. This looks like a decent company...
ammu12
16/4/2020
08:14
It dont say , well i cant find it. Its not a definate raise anyway i think if need be they can take one
gooner1886
16/4/2020
08:13
What price they looking to raise at ?
ammu12
16/4/2020
08:07
If and when they do raise the 100m it wont be at this lowly price
gooner1886
16/4/2020
08:05
Had 2/3 big days probably profit taking
gooner1886
16/4/2020
08:02
All over the shop - may be chart gap related (from early March at 105 or so), may be some options expiry.

Wasn't expecting this sort of volatility and daily percentage change when I bought them, can't make sense of it to honest, and don't have to - just leaving it. Bottom drawer, metaphorically.

imastu pidgitaswell
16/4/2020
07:59
Volatile today
gooner1886
16/4/2020
07:56
Is the rights issue still going ahead here?
rachet1
16/4/2020
07:06
I AM BUYING ALL THE WAY TO 150P TODAY.

BB8

big brother8
16/4/2020
07:05
I wont sell a share till the end of 2021
gooner1886
16/4/2020
07:04
Just hold tight. And why not?

This is a company with billions in revenue valued at, even now, £100m. 'Normal' earnings per share of 38p in 2018 - which should be easily achievable again with decent contract management.

It's mad.

imastu pidgitaswell
16/4/2020
07:02
MY BABY GOING ORBITAL

WE ARE OFF TO THE MOON

big brother8
16/4/2020
07:01
Bloody hell
ammu12
15/4/2020
16:15
Costain Group
Costain steams higher on green light for HS2 Euston tunnels contract
The new contract marks the point where the work transitions from design and preparatory work to full detailed design and construction

Costain Group -
The JV has already prepared the site of the approach tunnels to Euston station
Costain Group PLC (LON:COST) shares rocketed as the construction group’s next contract for work on the HS2 rail project was given a green signal.

Costain's joint venture company, Skanska Costain Strabag, won a £3.298bn contract to design and build the tunnels coming into the Euston station terminus.

As the coronavirus lockdown means there is no construction on-site “apart from safety-critical works”, the contract is not expected to make a significant contribution to the group's profitability until the 2021 financial year.

Costain is likely to have a 33% share of the JV, analysts suggested, meaning an estimated contract value of £1.1bn will have formed a large part of the group's £4.2bn order book at December's year end.

With the contract lasting for six or seven years, revenues are forecast to amount to around £50mln this year and ramp up to around £200mln of revenues by 2021, analysts at Liberym calculated.

Following Boris Johnson’s approval of HS2 on 11 February and the award of this contract from the government, the “marks the point where the work transitions from scheme design and preparatory work to full detailed design and construction”, Costain said, building on initial design and site preparation work carried out so far.

The High Speed 2 rail line, which has attracted criticism over the destruction of ancient woodland and over whether the massive spending will produce worthwhile benefits, is due to begin running trains in 2028-2031 depending on the construction timetable

Separately, Costain said it has won a £210mln contract by Highways England to design and build an upgrade to a section of the A30 north of Truro in Cornwall due to be complete by the end of 2023.

The work includes upgrading an 8.7-mile section between Chiverton Cross and Carland Cross from a single carriageway to a dual carriageway, together with the construction of new junctions, slip roads and bridges.

Costain said detailed design work will begin in April with works starting in the coming months once lockdown is lifted.

Shares in the company surged 33% to 73.14p on Wednesday morning, though they are still down more than 50% so far this year.

“The JV has been awarded the contract despite concerns about its financial strength, noting concerns also about the financial strength of other suppliers like Kier,” analysts at Liberum said. “The stand-by under-writing may have helped.”

With profit recognition expected to be cautious and, given the delayed start due to Covid-19, the analysts forecast zero profit contribution in the current financial year, rising to £160mln and £200mln of additional revenues, and £4mln and £7mln of additional underlying profit in the 2021 and 2022 financial years.

“We have heard elsewhere in the industry that the terms of the contracts are attractive with caps and collars limiting the risk of the supply chain, and limiting the cost to HS2. We assume neutral working capital as it uses a project bank account and therefore the increased profit should flow directly to the financial position, resulting in expected broadly neutral net cash in FY 2021,” the analysts noted.

As Costain has a £99m actuarial pension deficit, Liberum still believes the company needs to raise up to £100mln.

big brother8
15/4/2020
14:59
HERE COMES THE SURGE.

CLOSING AUCTION COULD BE 120P. WHO KNOWS.


BB8

big brother8
15/4/2020
14:31
FORT will also work out well.
npp62
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