Costain Share Discussion Threads

[mrnumpty] 03/10/2024 08:16

Galliford Try released full-year figures this morning , which were very good , as underlined by upward share price movement . Galliford Try operates in similar markets to Costain , so GT’s figures might imply a positive market for Costain .

[foreverbull] 02/10/2024 20:00

CB- please would you mind elaborating why you think upside is limited? Thanks

[catabrit] 02/10/2024 13:04

The upside here is a lot less than it was so I am mostly out. It still represents a good risk reward but it is no longer an outstanding one. I still own some shares and reckon there is 30 to 60% upside in the next 12 to 24 months. Good luck to everyone!

[mrnumpty] 02/10/2024 11:47

Competitor Galliford Try is due to announce full-year results tomorrow , and they are predicted to be good . This might give an insight into the market for Costain holders ( I hold both companies ) .

[sun1950] 30/9/2024 10:25

After the shock of the major shareholder selling out for whatever reasons a trading update would be welcome to reassure other shareholders that nothing has changed and that the shareholder had no info that other shareholders didn’t have

[kibes] 30/9/2024 07:51

I don't know who they are using to buy back shares but their implementation of the programme is quite absurd. Looking at the table on some days thay have bought packets of as few as 17 shares at 100p. Do they think they are being clever or something? Because if they were really clever they would have bought 41 million shares on offer from Redburn at 91p.

[villarich] 26/9/2024 16:43

Kier and MGNS up today too so could just be the sector being in the blue

[jackdaw4243] 26/9/2024 14:24

More than sentiment moving these upwards, what is it ??

[owenski] 13/9/2024 09:05

Costain doing well buying their own shares back on the cheap, good bang for buck.

[sasbod] 13/9/2024 08:21

101.5 on the ask, demand is strong for this company, what a pull back after 45m shares were off loaded at 91p.

[catabrit] 12/9/2024 12:25

I wonder if we will get a mea culpa from the Kier bull? Costain has outperformed it on a YTD, 1yr and 2yr basis.

[greg the grinch] 12/9/2024 10:55

I do wonder if PE/VC have been sniffing around and some have caught wind.

Get a loan to buy COST, use the COST cash in the bank to finance the loan, sit back for 5% of T/O, pay off debt quickly = get a free cash cow company.

[owenski] 12/9/2024 08:00

Costain at least buying their shares on the cheap -

"Date of Purchase"

11 September 2024

Number of Ordinary Shares purchased

313,137

Weighted average price per day (pence)

97.32

Highest price per share (pence)

100.00

Lowest price per share (pence)

95.20

[casholaa] 11/9/2024 19:55

11-Sep-24 08:45:39 91.1092 9,200,000 Unknown* 96.00 96.40 8m O
11-Sep-24 08:50:52 91.00 9,200,000 Unknown* 96.00 96.40 8m O
11-Sep-24 07:32:16 91.00 41,666,666 Unknown* 96.00 96.40 38m O

[scemer] 11/9/2024 18:37

Sun1950 having been investing for near on 25years I think sum of the trades posted are very suspect and I'm not sure if it's ADVFN program because a lot of the info they put out is not accurate or up to date

[sun1950] 11/9/2024 18:05

If the trade volume is correct then 43% of the shares in issue were traded today that’s a lot more than the 15% placed late yesterday and this morning or am I missing something I bought more today but would appreciate a trading update in the next few weeks

[greg the grinch] 11/9/2024 17:21

Volume v MC

...hmm

[disc0dave46] 11/9/2024 17:09

Yes my apologies, nothing to do with the company. Their biggest investor happy to sell at a discount.

[louis brandeis] 11/9/2024 16:36

Another shareholder sold the shares not Costain....

I would suspect the company are bounded by listing rules not to buy a particular shareholder's holding and in any case it would require a resolution in order to do so.

Also, it's in Costain's interests to have other institutions on-board. You never know if they might be needed for a capital raise in the future.

[disc0dave46] 11/9/2024 16:31

Bought a while back but happy to bank profits. Still has some mileage but don’t mind leaving some for the next person, one of my best trades.
Seems illogical to me for the company to buy their shares on the market at 104p but sell 41.7 million at 91p. Edit: long day, meant their largest holder happy to sell at a discount.

[cestnous] 11/9/2024 15:44

IC today on COST.
If you believe in the sustainability of those structurally higher margins as they deliver them and a less risky balance sheet, then [Costain] looks very, very cheap,” he said. [But] they’ve got to convince the market the improvements they’re making are sustainable.”

[ttny2004] 11/9/2024 12:50

Let's get an answer from Costain IR on this valid point.

[owenski] 11/9/2024 11:36

Business valuation and fundamentals haven't changed here, this is just an insti swapping/selling out for satisfying an original commitment.

[cestnous] 11/9/2024 11:26

Added some more