Yep no issues expanded order book |
There´s your Trading Update, and looks good. |
No profit warning here |
Can I suggest you and others write to Paul.sharma@costain.com. Paul is the Investor Relations Director responsible.I have already clearly expressed my views.Would be helpful for others today well. |
I fully agree DB. A 20% drop in one month, when we have been in a rising uptrend since June 22, deserves a response from the company. GFRD and KIE have both issued trading statements in recent weeks, and their share prices have faired far better than Costain’s.
I think Costain management forget that the shareholders own the company, and they deserve to be informed on the performance of the company at regular intervals, particularly when the share price falls dramatically, for no obvious reason.
Come on Costain…please improve the comms to your loyal shareholders. |
I'm a long term investor but I expect management to respond to 20% share price declines that are not part of a general market/industry decline. Looking after shareholders' interests is a part of getting a good rating versus your peer group. |
I contacted IR earlier in the week regarding a possible TS and they said the next scheduled information would be results in March. Not to say they won't change their mind... |
Sorry, I'll write that again.
Should have a statement soon following 20% price decline and a positive statement from Kier. Surely not going to keep shareholders waiting until full year announcement on 11th March. |
Renew Holding issued a warning and dropped 20% todayHowever, that was after it dropping 20% in the last couple of month - insider selling ?Do we have the same happening here ?I think it's incorrect to look at Net Cash - as they receive a lot of cash up front.Net current assets is better and is c£100mValues business at c£150m ?Free cash flow in H1 was £15m so full year c£30m ?5 x FCF - sounds about right for a Construction Co ? |
TT I'm like wise I believe the management,solid turnover,rising margin,plenty cash,pension funding sorted,rising dividends and respected business,there's just too many pluses |
Don't believe there is any reason for pulling back. Maybe, no news and waiting for results.Market makers trying to pick up cheap shares dropping prices. Causing others to sell fearing something going on. |
Unfortunately the company does not believe the value of providing trading updates ahead of results like many other companies.Full year results will be next update on 11th March |
Down 20% from its recent peak even though bond yields have backed off from their highs. We should expect a statement about the first half soon. I'm not adding until then. |
I've added a bit more today, let's hope we get an update soon |
Elsa agree rail at the moment is predominantly hs2 they are moving towards more rail but they are nowhere near like renew holdings over the top as usual but it creates opportunities as always |
Costain are not on CP7. Their largest contracts are on HS2. 2 large contracts were awarded in December.
Market cap £230 million. Net cash £165 million.
Over reaction IMHO. |
Forever renew holdings epic RNWH if you use ADVFN monitor you can grab them via the quote mechanism to see the rns today |
Thag / HamhamhamPlease can you share the RNS or comms?Thanks |
As investors we are left in limbo. Company could be trading ahead, in line, we just don't know. At my mental 10% stop loss level so difficult one. . |
Ahh rRenew Holdings RNS, Found the RNS now :) |
God awful communication from the company with zero updates definitely doesn't help investor confidence |
I took the opportunity to top up today.
Rimau - do you have a news link re your statements about delays? |
Thanks rimau. Down on increased volume too |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
