User Notice: The old Support number is no longer in use. To reach Support please call +44 (0) 203 8794 460

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
  -1.20p -0.70% 170.20p 169.00p 169.80p 172.20p 165.20p 165.20p 60,548 10:50:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 1,463.7 40.2 30.9 5.5 184.00

Costain Share Discussion Threads

Showing 6776 to 6796 of 6800 messages
Chat Pages: 272  271  270  269  268  267  266  265  264  263  262  261  Older
DateSubjectAuthorDiscuss
15/7/2019
10:32
Keir Group down another 8% today to a new low. Industry being written off as a total dud. Good. The UK economy, like most of Europe, is slowing to a halt. I think we should be getting an increase in public spending, including areas Costain works in. Will we? Who knows. Boris is talking about tax cuts. It will be interesting to see how the new leaders of the EU react to near zero growth in many EU countries. There’s not much room for rate cuts, but can the Germans be persuaded to use Keynesian stimulus? It was anathema last time. Do they yet understand that their trade surpluses imply a responsibility to spend for the good of everyone else? Germany must be very close or even below the 60% government debt/GDP level required by Maastricht. https://tradingeconomics.com/germany/government-debt-to-gdp
dickbush
15/7/2019
08:56
I started in the investment business working for a company whose investment management division was split between chartists and fundamentalists at a time when chartists were very highly regarded. What I saw over the next few years was that the chartists only made money from selling their services, not from their recommendations. One by one they lost their businesses. Fortunately, I was taught the business by a fundamentalist. To me, chartists are always searching for the last drop of performance to time their entry and exit. I'm only trying to buy cheap with no expectation that it will be the low. FYI the share I made the most money on in this market had halved from its high in 2007 when I started buying and I was still buying when it halved again by the end of 2009. I then sold some numerous times when it rose strongly and bought them back when it went back down. Some six years after I started buying it,it was bid for and my average price including trading profits was below the low for 2009. I sell the strong and buy the weak. It works for me. I do not expect to profit every time. I know how to lose money, too. Anyone who says they never lose is either a liar or very, very new to the investment business. How do I think I could lose on COST? As I said a few days ago, the CEO's recent presentation was incredibly bullish. But, as I've seen many times, talk is cheap. That company I was talking about above made a similar capital markets day statement about what it was going to do over the next few years. If it had, it would have had to be taken over at twice the price.
dickbush
12/7/2019
21:11
If costain does not get hs2 it will fall to 1 pound
william7093
12/7/2019
19:02
TRCML, I think you have highlighted the main reason for getting involved in Costain. The major players in this industry have variously gone bust or, at least, got into financial trouble, with Keir being the latest example. They've shot themselves in the foot by competing too aggressively on price. Hopefully, the pressure on the competition will lead to a more profitable business for those left standing, but, even if true, we won't see the impact on the bottom line in the short term. I can wait.
dickbush
12/7/2019
13:59
@ TRCML - I meant a recovery plan for the pension scheme. Sorry for being unclear. Agree with your analysis.
jonwig
12/7/2019
13:11
It's not really a recovery plan is it, more a plan for higher margin. It's not as though Costain is short of work. As I understand per the trading statement/ profit warning, only the M4 corridor project is cancelled; the other contracts are just delayed, the Preston distributor road following consultation between the council and motorists. The £10M arbitration loss is unfortunate but when the results come oit next month I wouldn't be surprised if the impact of profits will be lessened. The pointlessness in competing for low-margin work seems to have sunk it at last. It was reported today (Construction Enquirer): "HS2 has cancelled the bid race for its flagship Curzon Street station project in Birmingham blaming a lack of interest from contractors. The move is the first signal that contractors’ appetite to take on high-risk major projects is waning after a wave of big write-downs across the sector. The rail client had hoped to shortlist at least four bidders for the £435m contract in May but said there had been a lack of interest from the industry in the call to prequalify." I interpret that as meaning contractors aren't interested in competing on margin.
trcml
12/7/2019
11:44
The pension scheme deficit looks quite manageable: £4.2m vs £23.9m last time. And they have a recovery plan in place. They mention longevity as a positive factor, but I suspect interest rates will be more important: rising would help, but that's unlikely. I suspect the share price is spooked by Kier Group, and I wonder as well whether huge contracts are the best way forward: so many moving parts, subcontractors, deliver length - all can go wrong. Forward PER is about 6x, 3 brokers go strong buy, 2 go neutral. If I held, I'd stick, but aren't a buyer, as so much can go wrong in the wider scene.
jonwig
12/7/2019
11:13
rns out....standard life buying
molatovkid
12/7/2019
08:16
no doubt many others like this :htTp://www.railtechnologymagazine.com/rail-news/plans-for-cardiffs-1bn-transport-network-unveiled
rogerrail
12/7/2019
08:12
If nothing else infrastructure projects are good political investments. Makes it look like the Govt is doing something constructive and it keeps people in jobs and whole industries going....
molatovkid
12/7/2019
08:10
Even if HS2 is cancelled there is likely to be significant spending by councils in the near future on public transport infrastructure much of it railways based.
rogerrail
12/7/2019
07:28
They just won a £150m contract....get a grip. Building will not stop.
molatovkid
11/7/2019
22:35
Elsa. Lots of talk of many councils going bankrupt, having to cut back or even renege. I don't think these construction stocks nor real estate stocks are trading on fundamentals. If you read Martin Armstrong, we are in a liquidity crisis with funds pulling out of sectors etc that then feeding withdrawals, which lead to more sales. I think that's the issue.
propinv
11/7/2019
22:11
Don't know about the pension. From recollection there is no substantial deficit so not a huge drag and as you say if life expectancy is falling then they might end up being overfunded. I keep looking for problems here and just can't find anything scary. The sector is out of favour and Kier is in big trouble but they have £450 million of debt. Amey is also on the block having just settled for £300 million with Birmingham CC. On the basis of last man standing and being well funded Costain and BB will be the only ones left.... Someone has to build the roads etc.
elsa7878
11/7/2019
21:45
Elsa. Tend to agree with your comments. Pension deficit will have opposite of perfect storm too. Life expectancy falling. Markets at all time high. That is a big win for pension who has a huge yearly contribution
propinv
11/7/2019
21:08
Wow. Really. Must be some horrid news to come out. I see a market cap of £180 million with £65 million in cash and a CEO who has said that figure should trend towards £100 in the next 2 years. Oh and make a profit of £38 million plus this year. No heavy selling but no buying. Bizarro...
elsa7878
11/7/2019
18:56
Bamboo. Thanks for the tech analysis. Appreciated. I have a target of 110 being 1.61 extension of move to Dec '18
propinv
11/7/2019
17:59
Eod close today at 170 below Intraday low [171.2] from 28/6/2019. Next support [158.4] near to bear flag tp 162.4 Then historical support at approx 129.6
bamboo2
10/7/2019
15:34
crazy move here.
tsmith2
10/7/2019
10:57
We are just going to sit there and be "shat" upon by the RoW?
sirrux
10/7/2019
10:55
Today, a week, two weeks...? Hit so far is massive. Is it generally the view that there will be no great British renaissance and that we are just doomed!?!
sirrux
Chat Pages: 272  271  270  269  268  267  266  265  264  263  262  261  Older
Your Recent History
LSE
COST
Costain
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190716 10:06:09