It is overdone and is disproportionate vs peers. Suggests that some of the money coming into it has been flighty or catalyst based. That said, things could get quite nasty and one must always think about opportunity cost. The sell off could represent a great opportunity for investors to upgrade their portfolios. |
A near 10% fall seems overdone to me |
Shame about A303 Stonehenge Costain have been trying to get this over the line for over 30 years. |
Not aware of any brewing disasters..if anything I'd expect a good lump coming in to next figures from HS2.
I think until the pension vs divi standoff is sorted we're not moving... |
Labour is cutting down budget |
Something brewing? Pegged to 90p. |
It has a string resistance here if you are interested in charts looking back at 2020. That it's not bounced away and hanging around it may mean consolidation (but could be wrong).I'm happy to hold around here to see how we do until results (unless something super bad comes out. But O have been wrong many times before, so the usual DYOR applies. |
Not long to find out Rachel's plans for reducing capital expenditure and, assuming some specific projects are mentioned, whether any of Costain's prospects will be affected.
Personally I would be surprised if capital projects are cut significantly given all that she has said about "investing in infrastructure" to meet her growth targets. |
The question here is what projects will be axed by Labour and will they impact COST, either directly or indirectly.
I'm thinking to short these at current 89p given the current newsflow. |
Stock is up about 50% YTD, but still remains significantly undervalued by all metrics and is not breaking though the 90p level. I don't clearly understand if this is due to concerns about specific contracts (I am not aware of anything) or if it is a sector thing. Has anyone compared the share performance of COST with its peers? |
Well judging from the share price reaction, its not a concern. |
Anything Thames will be covered. Labour can't be seen backing out of anything on the promises of more jobs. |
Government contract cancellations a concern here? |
Half year results are 21st Aug. Expecting it to bounce around here until then without any other news. Hopefully that will be the catalyst for the next leg up… |
I get the impression there's not much selling, or buying at the moment. |
Could be many reasons. I usually put it down to MM's trying to accumulate shares |
Why the very large spread at the moment? |
hxxps://www.constructionenquirer.com/2024/07/15/extra-hs2-payment-sees-scs-contract-jump-to-4-24bn/
Will be at high margin.... |
Thames Water have always been a difficult client to work for often seeking 60 day payment terms and difficulties negotiating variances and getting order values increased. |
Agree. Current share price is first base.Been in this for nearly 5 years. Stayed true to my convictions and at real lows further averaged down.Feel more to come over next couple of years and expect 130 to 150p to materialize sooner rather than later. |
When they do work for Thames they get paid as they go along. That's what a quantity surveyor will do for them.They will also have insurance for a set amount in case any client goes into administration. And they will have preset amounts for each client.We do this where I work and you invoice as you go along and don't let outstanding amounts exceed your insurance cover. |
thames will be nationalised - very different. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
