Costain Share Discussion Threads

[someuwin] 15/4/2024 08:29

20 dirt-cheap British stocks experts say could make you a fortune

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COSTAIN (FTSE ALL-SHARE)
Infrastructure company Costain made losses from 2019 to 2021, but it is now in better business shape, buoyed by a strong order book.

AJ Bell's Russ Mould says the business is seriously undervalued, with a market capitalisation little above the amount of cash it had on its balance sheet at the end of last year. This, he says, provides investors with protection should anything go wrong in the future – and plenty of upside if it can improve the returns it makes on sales.

With a new management team in place and the opportunity to be part of big infrastructure projects such as the Sizewell C nuclear power plant in Suffolk and Network Rail's £40billion spending plans between now and 2029, the company has the potential to grow its profits (£30.9million last year).

Its shares trade at around 77p, and encouragingly it returned to paying shareholders a small dividend last year of 1.2p a share.

[roguemale1] 09/4/2024 14:43

100% of salary for LTIP....
Trebles all round in Maidenhead!
What's that you say? Share price? Ah. Hold the Cristal, we'll just do the Grand Dame!

For business as usual. Shame.

[thags] 09/4/2024 12:46

Hopefully we're forming a bull flag here on the chart before the next move up some sideways consolidation would be nice

[catabrit] 09/4/2024 12:36

Another mention on the Investors Chronicle website today. It is number three in the acquirers multiple screen which highlights cheap stocks with takeover potential.

[pinemartin9] 02/4/2024 21:31

The 100s should he a thing of the past! There's 25% more of easy money here at least.

[ttny2004] 02/4/2024 19:11

We touched 80p, before Wall Street turned red, but Costain still finished blue.Can see the 70s being a think of the past very soon as we move up to the 80s and beyond.

[grahamburn] 02/4/2024 10:36

This may or may not be interesting from Renew Holdings Trading Update:

"Simon Ellison will join the Group's senior management team as Rail Sector Director later this month to ensure a smooth transitional period. Simon spent 25 years at Costain in senior leadership roles across Rail and Transportation."

Either a frustrated long term employee or simply normal career progression.

[roguemale1] 02/4/2024 09:39

Bot is hungry today...

[hamhamham1] 31/3/2024 07:36

I bought RR at 69p and sold about 170p, imagine how I feel??

[ttny2004] 29/3/2024 10:28

Yep, I will hold out for at least 150p plus ax well. Then, may sell a few and allow some to run.Many with Rolls Royce post 200p sold roo early including me after doubling. At least I kept half and now 420p.So there are lessons about not being too greedy, but also sometimes leaving some to run.

[hamhamham1] 28/3/2024 06:59

150p my target here, half way now :)

[pinemartin9] 27/3/2024 20:14

My first purchase was November 2020. I then doubled my holding at 35p 2 years later. It's been a long road..hopefully just the start. I'm not in a hurry to jump ship ll. Well done everyone.

[ttny2004] 27/3/2024 19:24

Me too. Been here since initial drop in 2020.

[pinemartin9] 27/3/2024 15:51

It's a full on breakout now.

[greg the grinch] 27/3/2024 14:41

The results were as I expected.

I expect the new margin targets to get reached when all of the old legacy contracts are history.

I have waited a long time for this rise.... :o)

GLA

[thags] 27/3/2024 13:18

When you guys get too excited I get nervous same as when BTC maxis start saying 100k 250k 500k

[ttny2004] 27/3/2024 12:43

Yes, at least 100p plus. Ultimately if progressive improved results continue to be delivered as we would expect I would imagine this will range 120 to 150p eventually

[wipo1] 27/3/2024 12:13

72p resistance now broken, given the cash these are worth 100p

[pinemartin9] 26/3/2024 10:26

Just in time to load up in your Brit ISA!!! Buy now for bumper returns later.

[casholaa] 26/3/2024 09:48

About time.

[mirabeau] 26/3/2024 09:37

Tipped in Telegraph

[spooky] 26/3/2024 09:19

Looks like all the sellers have left the building.