Sun1950, I don't think the board should waste time reassuring the market, enough already what they do, with such a long order book, what's the point, we know already the road ahead, and it's looking impressive IMO, of course today the picture is somewhat different to earlier in week, resetting new highs when most others not the same way i can see this heading towards £2 in the summer of next year if you have patience to wait that long. |
Agree, I'm seeing a healthy sideways consolidation like a bull flag so hopefully we breakout and up to the next target of 133 |
Good to see this is a nice quiet thread without ramping traders, decent move today, price is still in a consolidation and so is likely to move up and out of it in due course, providing no business shocks of course. |
Agreed. A trading update would definitely help the share price move out of the trading range |
Can’t disagree it is hard to know where the price goes from here I still feel that the board needs to give a trading update to reassure the market I am concerned that the price is not moving when all the news is positive other stocks have moved up but Cost is stuck in the mud |
Numbers.
The total volume traded since the buyback was announced is about 140m of which 105m were traded on the day that the placing took the Dubai boys 41.66m out (11/9).
In a couple of weeks time COST will have bought back and taken out about 10m.
There have only been 2 holdings notices-one for the 41.66m sale and one for Ennismore taking a few more (not that many).
The threshold is 3% to notify. It seems unlikely, to me at least, that 41.66m shares have been washed out without someone triggering that? So do we have an overhang and what happens price wise when COST have completed the buyback?
Any thoughts most welcome. |
Thanks for posting that Owenski.
Some interesting views on several shares I hold/have held |
Dowgate comments on Costain @ 55:05 - |
Reeves recently said she will significantly increase infrastructure expenditure. |
Banked my last few , I will stand on untill I see what the budget brings with the forecast cut backs in government expenditure. There will be some winners in the construction industry. |
Banked my last bit, I will stand on untill I see what the budget brings and who is hurt with the forecast cut backs in government expenditure. |
FWIW, I hold a decent chunk of SRC and after debt is paiid off I would like all earnings to go to a dividend.
COST, to me is different because they have such a huge chumk of cash already in the bank.
GLA |
Another approx 3m to go, they're getting good bang for buck on the buyback program, they'll take near on 10m shares out of issue at these share price levels. |
Absolutely no movement in Costain! A bit frustrating I would have expected some upward movement due to GFRD positive sentiment. |
Think I should of bought GFRD |
Chart may be showing a bull pennant. If we can break out then we may see 120+ if not we're heading down to 90 before the next leg up |
Think until pension scheme in surplus buy backs will continue otherwise they still have to match dividend with payment to old scheme. Mind you guessing when a scheme might be back in surplus bit of a worry surprised they haven't offered to buy out the smaller pension holders liabilities. |
I imagine this will drift lower until more favourable news. It's not easy to erase market history. I sold off 25 pc today, perhaps i should have sold more to protect the recent gains. |
I live in a world of possibilities........ like we all do. |
Fear you live in a world of hope and make believe.
But if your wish/hope does happen due to buybacks, then the above words would have to be eaten. |
If COST bought and cancelled £100m shares at 100p, where would the share price go?
Also, bringing the EPS up = fat dividend, then the dividend chasers would come?
I think they might extend the buyback but not £100m...
Potentially, over next few years, 5%+ of T/O to go on BB or DIVS = interesting times. |
strong dividend record is more likely to attract new buyers, whereas buybacks encourage people to leave the share register; i prefer the former scenario. |
Buy backs rarely work for PIs.
It's better to give shareholders the divi, cash in hand and let them decide how they wish to spend the money. |
Very rarely found that buy backs push price up significantly, though they do tend to support the price (ie stop it drifting downwrds). Indeed, buy backs are oftene favoured by executives as they boost earnings per share which is great for bonuses/share awards! |
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