Costain Share Discussion Threads

[dalailama] 07/5/2020 09:36

Excellent, getting it away at 60 - bodes well, shed loads of work, no brainer, very pleased.

[imastu pidgitaswell] 07/5/2020 09:33

I have tried with HL but I don’t see any way of doing it at the moment. Not too fussed to be honest I bought all I wanted at 39p and I could have bought more 45 and 55 a few days later but decided not to.

I guess in theory I have could have sold c100 and bought back but I don’t think I would have been able to do so in the quantity I have, so quite happy to do nothing - it’s a long term investment anyway so whether it is 60p or 90p today, tomorrow, next week, next month doesn’t interest me.

As previous poster noted, it’s quite likely that any uncertainty has now gone and it now stands on its own ability to just get on and deliver. Time will tell.

[farrugia] 07/5/2020 09:23

I will try to subscribe to this one - but given that the open placing offer is just GBP20 million - that might mean that not all shareholders who might want to participate in the rights issue can be accommodated?

[davwal] 07/5/2020 08:59

Well that’s removed the sword of Damocles so share price will soon recover after a bit of musical chairs. Good from here in the long term.

[gooner1886] 07/5/2020 08:51

Massive dilution here aswell dont bode well, ive been in here back out again made a bit willStagnate for a while now imo

[htower1980] 07/5/2020 08:50

Between Costain and Aston Martin I'll prob have to end up selling the wife at this rate ffs

[skinny] 07/5/2020 08:48

Its all in the RNS!

[buywell3] 07/5/2020 08:42

if you are an important person they might

[farrugia] 07/5/2020 08:32

well i'm with IG and have a holding of shares - will they notify me?

[skinny] 07/5/2020 08:30

Further to the Company's announcement on 11 March 2020, Costain is pleased to announce that it proposes to raise gross proceeds of approximately £100 million by way of a Firm Placing and Placing and Open Offer of, in aggregate, 166,666,667 New Ordinary Shares at an issue price of 60 pence per New Ordinary Share.

[farrugia] 07/5/2020 08:21

as shareholders can we subscribe to this one or are excluded?

[escapetohome] 07/5/2020 08:20

CON struction

Stay away.

Poor management time and time again.

You pay

[rogerrail] 07/5/2020 08:17

The board here are completey bonkers! To even contemplate a capital raise in such circumstances is ludicrous and I am amazed they are getting away with it.

[ammu12] 07/5/2020 08:10

Don't you think it will dip to 60p at some point ?

[farrugia] 07/5/2020 08:09

so we as shareholders are excluded from participating in the placing?

[gooner1886] 07/5/2020 07:52

Buywell boris dont care what u say neither doWe

[gooner1886] 07/5/2020 07:07

60p some discount!

[skinny] 07/5/2020 07:03

.

Proposed £100 million Capital Raising by way of Firm Placing and Placing and Open Offer of 166,666,667 New Ordinary Shares at 60 pence per share

Further to the Company's announcement on 11 March 2020, Costain is pleased to announce that it proposes to raise gross proceeds of approximately £100 million by way of a Firm Placing and Placing and Open Offer of, in aggregate, 166,666,667 New Ordinary Shares at an issue price of 60 pence per New Ordinary Share.

The Firm Placing and the Placing are being conducted by way of an accelerated bookbuild process (the "Bookbuild"), which will be launched immediately following this announcement (the "Announcement") and is subject to the terms and conditions set out in the Appendix to this Announcement (which forms part of this Announcement) (the "Appendix").

Liberum Capital Limited ("Liberum") and Investec Bank plc ("Investec") are each acting as Joint Global Coordinator, Joint Bookrunner and Joint Corporate Broker and HSBC Bank plc ("HSBC") is acting as Joint Global Coordinator and Joint Bookrunner.

more.....

[imastu pidgitaswell] 06/5/2020 15:19

Very true. Makes a change from the usual snarling over contract disputes/penalties etc. Maybe they're improving at this construction lark.

Still no interest in the share price - I reckoned on period of consolidation, but we're getting a period of rigor mortis.

Multi-year investment though. Honest...

[htrocka2] 06/5/2020 10:38

This should bode well will potential clients.(and profits for those involved,)

[oliversanvil] 27/4/2020 09:49

Autonomous vehicles --Internet of Things technology.