Share Name Share Symbol Market Type Share ISIN Share Description
Costain Grp. 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
  -1.00p -0.27% 372.00p 370.25p 372.50p 375.00p 361.00p 361.00p 146,686 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 1,263.6 26.0 21.8 17.1 380.42

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Date Time Title Posts
01/9/201622:37UNDERVALUED GOOD recovery play.. COSTAIN5,637
24/4/201308:47*** Costain ***13
25/2/201015:24COSTAIN - LOOKING TO BUY AT SUB 25P25
31/1/201018:11Costain>Robbie Burns pick for 2002 !!!!! Target 24p54

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Costain Grp. Daily Update: Costain Grp. is listed in the Construction & Materials sector of the London Stock Exchange with ticker COST. The last closing price for Costain Grp. was 373p.
Costain Grp. has a 4 week average price of 362.49p and a 12 week average price of 353.90p.
The 1 year high share price is 390p while the 1 year low share price is currently 267p.
There are currently 102,263,525 shares in issue and the average daily traded volume is 152,992 shares. The market capitalisation of Costain Grp. is £380,420,313.
quepassa: Same share price as December 2008. Five and half years later and still the same share price ALL IMO. DYOR. QP
valedo: I held COST shares for about 15 years and went through all sorts of setbacks and disasters including rights, share consolidation, endless profit warnings. Bad news? You name it and COST will provide it. I sold out a few years ago lucky to be on b/e. And the share price is even lower now than then. One needs only to read back through all the old threads here to find that nothing has improved over about 20 years. Apart from not having the confidence of the city, they always manage to find duff CEO and FDs. Motley Fool today - All of which will leave investors asking questions - do the strong results combined with the decline in share price mean that Costain is a falling knife waiting to be caught? Or does the performance of its shares over the last 12 months put you off? Well, it's up to you whether today's news combined is enough to make the company a buy.
royaloak: I thought this may be of interest, courtesey of part of his report from Paul Scott at Stockpedia, whom I rate very highly. Therefore the current share price of 265p is really a blend of last night's 3 shares held at 319p, less 1 new share at 225p. Averaging that out comes to a price of 295p, so the market pricing it at 264p shows that it's fairly unimpressed with this deal, I would suggest. It could well also be people in the Firm Placing flipping their cheap 225p stock for an instant profit (which can be done by opening up a short CFD today, and then settling it with the new 225p shares when issued). So really the Firm Placing part of this deal is disadvantageous to existing holders, since it's handing free money on a plate to people who took part in the Firm Placing. I wouldn't be very happy about that if I were an existing holder of the stock. Still, once the dust has settled, at least this will fix their Balance Sheet, and is a good example of why personally I always look for Balance Sheet strength - because it avoids this kind of dilutive fundraising. In this case there is at least an Open Offer for existing holders, but what if it had just been a Placing, as is often the case in smaller companies? It would have been a nasty loss for existing holders. The total number of shares will go up from 66.8m to 100.2m after this fundraising. This means that the 44.1p adjusted EPS just reported for 2013 would drop to 29.4p if I've done the maths correctly. Given that the Balance Sheet would now be a lot better post fundraising (although still not amazingly strong by any means), then I think you could value that on a PER of 10 perhaps? So a sensible valuation might be just under 300p going forwards. I can't see any reason to rush into buying the shares, although paradoxically if they weaken further from here, and start to get near the 225p fundraising level, then the risk of the Open Offer failing and the underwriters being forced to take £50m of stock rises. So it's a tricky one. Personally I don't like this sector generally - a lot of companies in this space have gone bust in the past, and generally companies with very large turnover, and thin margins, working on complicated major projects, are high risk investments. If something goes badly wrong with a big contract, the cost over-runs can be ruinous, so I'll probably avoid this sector altogether from now on. - See more at:
dangersimpson2: I don't mind the rights issue at such a discount but it's definitely a disappointment that they feel they have to place at such a discount - a lot of companies in the current market are placing at zero discount and then the share price is going up in reaction. Why not just do a rights issue for the whole lot at that price?
stevemarkus: I'm not surprised they need to raise cash. They have a net cash outflow, even considering they sold shares of a joint venture to Severn Trent for £12M. I know they bought EPC and have also said they bought their share of a Serco JV for £2.4M, but these should roughly balance each other out. The fact that there is such a huge discount to the existing share price is also concerning, as is the sum they want to raise. I don't hold but have followed Costain as I'm invested in the sector through Carillion. Not planning on buying just yet! Cheers, Steve.
jaf111: I was just looking at the same thing royaloak....and yes agree with your view.... So actually surprised share price hasn't fallen further!
optomistic: Erogenous Jones 28 Nov'13 - 08:23 - 5526 of 5526 0 0 Ws, please do not be so condescending. Charts tell part of the story. My interpretation is that the share price is rangebound in MY reading of the chart. I will never trouble this thread again. ==================================================================== EJ, don't get upset so's discussion and opinions on here. Views have to conflict on the 'odd occasion' Keep smiling opto :-))
erogenous jones: Ws, please do not be so condescending. Charts tell part of the story. My interpretation is that the share price is rangebound in MY reading of the chart. I will never trouble this thread again.
optomistic: We've had a decent run up from 262app, now the MACD is looking like it will cross up through the '0' line and RSI is in positive territory above the 50... but the share price has moved above the upper Bollinger band and it always seems to want to find its way back into the inside of the it's any which way from here, but it is looking more positive to me...good times ahead?
optomistic: ...well they keep producing the work and getting the accolades, will it someday reflect in the share price? Costain Wins London Building Excellence Award 30 May 2013 A school built by Costain to meet the demands of the 21st Century was recently named Best Education Building at the annual LABC London Building Excellence Awards 2013. Deptford Green School in Lewisham, east London, was named Best Education Building at a ceremony held at London's Guildhall. The awards celebrate the very best in construction from across the London region, with winning projects recognised for their high level of skill, professionalism and team work. Deptford Green's new school buildings brought all the students together onto a single site and were designed to be accessible for disabled people and include various sustainable technologies. It opened in September 2012 offering state of the art learning opportunities, wireless technology, biometric cashless payment and registration systems, music classrooms, a sound recording studio and radio station. The judges noted that a close working relationship between Lewisham Council's building control team meant that most of the green targets were exceeded and the new building achieved a BREEAM excellent rating. Commenting on the school, LABC Chief Executive Paul Everall, said: "This remarkable new school building shows the benefit of close working relationships between building control and contractors. As well as providing a sound learning environment the buildings are energy efficient and provide natural ventilation and light, exceeding the sustainability targets set out at the start of the project." LABC is the member organisation representing Local Authority Building Control departments in England and Wales. It membership includes over 3,000 professional surveyors and support technicians across 12 regions. Deptford Green School is one of nine constructed by Costain in Lewisham and was built as part of the Lewisham BSF Framework in partnership with Watkins Gray International Architects and Ramboll Structural Engineers. Costain received a similar award for Sedgehill School in 2010 and Trinity School in 2011. Commenting on the award, Clive Kraus, the Senior Project Manager, said: "We are delighted to have been recognised at the LABC London Region Building Excellence Awards. This award is testament to all the hard work from everyone on the team to produce a world class educational establishment."
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