Was thinking same |
Price is struggling now, could print a topping tail on the daily candle. Wouldn't be surprised if this retraces back to 90p before the next leg up. This is no Nvidia stock with millions of fanboys just a few faithful holders |
A serious re-rating this month. |
With buyback program kicking in, my take is this will settle in 125-150p range. Moving up another gear as revenue and margin growth kicks in |
https://www.fool.co.uk/2024/08/21/my-favourite-ftse-share-is-up-110-but-still-dirt-cheap-with-a-p-e-of-7-7/ |
https://www.constructionenquirer.com/2024/08/21/costain-profits-double-to-17m-in-first-half/ |
Looking for a strong finish - 100p on the offer! |
150p fair value here, IMO. |
Doubled my investment here now. |
this really has got stuck at the £1 level... Come on break though.. |
Today's results presentation for institutions. |
Thanks owenski |
Informative results webcast on BRR Media
Cash position solid and expected to grow, quality order book with embedded sticky long term relationships, looking to expand into newer verticals ie energy, margins on track for growth to target 4.5% and possibly more.
Whilst some of the cash is held in escrow as part of projects, it's still a huge cash position relative to it's market cap, as said, the important take out is it's expected to continue to grow and this speaks to the reality of the profitability of the business and it's recovery from former times.
Currently, Costain valued at just over 100m market cap - stripping out the cash.
Does that valuation sound right to anyone.
Tomorrow's IMC webcast likely to be an iteration of today's institutional presentation, worth watching as there's a lot of detail about Costain's forward prospects - which look very positive. |
Sunak? WTF |
Good volume today so far. We will also start to notice the buy backs in the coming days. That will put another squeeze on demand. |
Results good without doubt : now we have to wait for the short term profit takers to sod off |
Very solid. Doing what everyone thought and predicted. Expect this to go above 100 soon. |
Results webcast today 0900 on BRR Media
Or tomorrow on the IMC platform. |
Cash up by about 34m to about 166m |
PBT H1 24 v H1 23 up 100% |
It's all in the margins for companies like COST. Squeezed margins can spell disaster. Doing well though |
Managing to achieve the aspiration of a 5% margin with a rising revenue would certainly transform the business. |
Yes, reads very well.Been over four years since we was in the 3 digits with a high of 425p in 2017, and 175 to 200p before collapsing as covid announced in Spring 2020.Welcome to 100p club again after results digested. |
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