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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
16/4/2020 12:47 | https://www.construc | 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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