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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
  -0.40 -0.58% 68.30 68.00 68.60 69.00 68.10 69.00 100,517 09:39:33
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 1,155.6 -6.6 -2.7 - 188

Costain Share Discussion Threads

Showing 7351 to 7375 of 7375 messages
Chat Pages: 295  294  293  292  291  290  289  288  287  286  285  284  Older
DateSubjectAuthorDiscuss
01/7/2020
11:23
Kier's abysmal, nay, disastrous update not helping matters... (I can be honest on here - if I say what I really think on the KIE thread they get very upset)
imastu pidgitaswell
30/6/2020
09:03
From my HL round-up of yesterday's broker stuff: Costain: Liberum reiterates buy with a target price of 100.0p.
imastu pidgitaswell
30/6/2020
08:41
Importance of professionally trained and qualified Project Managers in senior positions one of the reasons some of the top Civil Servants are being cleared out by the Government. Utilising Earned Value Management for major projects provides a means of recognising the impact of future variance against the baseline plan and take early remedial action
aquaesulis01
30/6/2020
08:24
Thanks for that, interesting. It's an issue endemic in the industry, it seems - contract negotiation, management and execution. Nobody appears to have a great record, many have gone bust, most others have plunged in value, including this and Kier. I guess it is related to how change is managed and paid for - inevitably it's the lawyers who win. At some point, when there are few enough survivors capable of delivering the large scale projects that the government are about to (re)announce, there will be money to be made...
imastu pidgitaswell
30/6/2020
07:56
Verdict on yesterday's National Grid Contract cancellation hxxps://www.building.co.uk/news/costain-clears-out-another-problem-job/5106726.article
aquaesulis01
29/6/2020
09:08
They have said they're targeting improving margins, divi resumption mentioned for later this year (Oct) New management teams in place. End of day as said before, this is well capitalised 185m cap with 100m of cash. I'd argue downside is looking more limited here than upside.
owenski
29/6/2020
08:11
Kie flying.
babbler
29/6/2020
08:09
Yeah, all good it seems. Perhaps I am a brilliant investor, after all, despite plenty of evidence to the contrary... :-)
imastu pidgitaswell
29/6/2020
08:04
Above ask paid...
babbler
29/6/2020
08:00
They said refer to previous rns.
babbler
29/6/2020
07:59
I'm buying any dip. If there is one.
babbler
29/6/2020
07:57
Clearly wasn't working for them so reversing out with limited damage is eminently sensible. Massive infrastructure project news from the government tomorrow of which I'm sure Costain will get a fair share of this new business.
imjustdandy
29/6/2020
07:57
Good Day to buy few cheap share l am adding slowly .company will do ok they need focus on contracts where they can make money as investor you have to be prepared for up and downs this is my four years investment they will pay dividend quickly more likely then Aston Martin easyjet or cinema w good luck with your investments
faza3
29/6/2020
07:54
Very true. Would have been good to hear that, or indeed any financial imlpications though. Not sure what anyone is supposed to make of the information given.
imastu pidgitaswell
29/6/2020
07:54
Yes. Customer requirement creep... Means cost were right to ask for cancellation if NG wouldn't pay them extra.
babbler
29/6/2020
07:50
To be fair, scope creep is down to both Customer and Supplier to appropriately control. I suspect inadequate cost/ benefit analysis has been carried out by the approvals group prior to authorising additional requirements to the original scope. The financial implications for Costain as a result of this mutual cancellation decision have not been revealed, but could just as easily prove cash positive to the company if they were being unreasonably held to delivering products at a loss.
aquaesulis01
29/6/2020
07:29
This is often down to bad tendering in the first place, and poor contract terms negotiation - it can be from anything up to five years ago, and there might well be more legacy issues to come. I also have a sense that the market was anticipating (it was previously disclosed...), with the recent price weakness. But no, not good, and no quantification.
imastu pidgitaswell
29/6/2020
07:19
Well, they do seem to screw up a few contracts, I'm hoping this becomes a thing of the past.
owenski
28/6/2020
12:39
A bullish announcement by BJ regarding infrastructure projects should put a bit of a shine back on the currently lacklustre share price . The talk then needs to become action, but Costain is clearly well set to benefit. I expect the share price to have at least doubled by Christmas.
davwal
28/6/2020
10:54
Looking like an increase in infrastructure projects coming, Cost's improved financial position would make it a beneficiary of this IMO. Https://www.bbc.co.uk/news/uk-53207700 Forward order book +4bn, M.cap; 186m, cash 100m, relatively new CEO with experience in driving growth. Bit of a pricing anomaly IMO.
owenski
23/6/2020
12:29
Seems to gone into hibernation for the Summer - trading update if anything triggered a fall. Added back some sales in the 80s, but not expecting anything soon. Quite enjoying the KIE thread - 6 months of snarling on a daily basis, but with nothing but anger and transmitting going on. Not understanding the necessity to prove others wrong and yourself right - naive maybe, but I thought the idea was to share information and do better as a result, not to shout down people you have never and will never meet. Ah well, only when we see some numbers will it change.
imastu pidgitaswell
12/6/2020
15:21
bought a few more today, dragging behind Kier now, ground to make up........ WJ.
w1ndjammer
12/6/2020
13:52
:-D What a superb player he was - technical wizard! Pugugly, COST is moving with the market like the majority of stocks. If we look back from today to a couple of months back, the beta here has settled down compared to the past. The moves aren't enormous and quite timid in the grand scheme of things - some bonkers moves out there. Historically, this stock had a tendency to move incredible amounts above and beyond the wider market on relatively little volume. Long term aside, we are at the mercy of how the US moves and the yes the big question now is minor blip or start of a bigger move down. Impossible to call this of course, but in the short term there was far too much euphoria and overbought conditions to not at least have some form of pull back. It's not just the technicals, it's folk bidding up distressed bankruptcy shares to the tune of 500% and Dave Portnoy setting up a live trading chat room proclaiming that he has no idea what he's doing but hey what the hell let's have a go (or that a girl he was dating gave him a tip and he made $100k ha), that put out a sense of the market surely not being too far away from a correction. Depending on how you draw the technical lines, there is an argument for the bull trend to be in tact, but clearly it is all news dependent. The multiples are incredibly expensive if we look at the forecasts in the US. Surely the market is pricing in some form of cure as well as a near trouble free return to earnings restoration and growth from 2022. Folk keep going on about MAGA this and MAGA that and keep buying those. That looks a very crowded trade too and the multiples are hardly cheap. That crowded trade will burst soon too imo. It's all very excitable in the near term and how the likes of TESLA are trading where they are is almost beyond belief, not that beyond belief means anything in a stock like that. Overall, a support level at just under 25300 has held on the DOW and there are stronger support levels just above 23000. I'd say it would take a significant deterioration in the news on infections to fall under there. A fall back into a sideways range to allow a sensible digestion of the gains and take out the froth would be ideal (greater euphoria clearly risks even bigger moves than the one yesterday), but plotting these key levels helps prepare for all eventualities and how we approach the markets. If you look out far enough surely there is a case for optimism but in the near term where a 500-1000 point move on the DOW is nothing (look at the number of such moves already this year), caution has to be taken. The market has been taking all bad news as good news (e.g. recent unemployment data) which has fueled this run and we have seen that translate into the likes of COST and other shares here in the UK. I don't know how the likes of TRN or even GAW can have recovered so much relative to the uncertainty out there. If you look at the results being released of late, stocks were hardly cheap on pre-Covid numbers and with guidance being pulled, some of the recoveries are almost miraculous. Despite the wider market nervousness and sell off, stocks are still reacting with bullish moves on stock specific news. IQE (the perennial jam giver with zero free cash flow) moving higher today on what appears to be a positive update but still carries no confidence on forward guidance. MAB and INF are other similar examples today and another jam stock WAND somehow able to get another placing away at a bonkers valuation (comments posted on that board). Something more related to COST in NEXS have confidence in their order book, have net cash but still have had to conduct a placing to be absolutely sure of matters so it's all abit swings and roundabouts at times. Ultimately, I'll be watching for those key levels in the US and where the big buyers come in on stocks like COST. At some point, regardless of how the market moves, these stocks find levels where there is too much value to ignore. With the FED in the background providing a floor to just how far stocks are allowed to fall, the party won't stop despite any near term swings. Blooming hek, that's ended up a much bigger post than intended ha Good luck folks!
sphere25
11/6/2020
23:45
Sphere, Haha 😂 absolutely right, I’ll be driving back D
dennisbergkamp
11/6/2020
20:37
The retreat begins – Sector specific problem (building & construction) or part of the general fall back from the ramp up caused by central banks printing too much money - Remember inflation caused by too much money chasing too few goods - and thanks to general high level of shares across many companies too few equities available to soak up the surplus cash (imo) $64K question - a minor blip or the start of the 2nd down wave?
pugugly
Chat Pages: 295  294  293  292  291  290  289  288  287  286  285  284  Older
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