Costain Share Discussion Threads

[elsa7878] 11/7/2019 21:08

Wow. Really. Must be some horrid news to come out. I see a market cap of £180 million with £65 million in cash and a CEO who has said that figure should trend towards £100 in the next 2 years. Oh and make a profit of £38 million plus this year. No heavy selling but no buying. Bizarro...

[propinv] 11/7/2019 18:56

Bamboo. Thanks for the tech analysis. Appreciated. I have a target of 110 being 1.61 extension of move to Dec '18

[bamboo2] 11/7/2019 17:59

Eod close today at 170 below Intraday low [171.2] from 28/6/2019.

Next support [158.4] near to bear flag tp 162.4

Then historical support at approx 129.6

[tsmith2] 10/7/2019 15:34

crazy move here.

[sirrux] 10/7/2019 10:57

We are just going to sit there and be "shat" upon by the RoW?

[sirrux] 10/7/2019 10:55

Today, a week, two weeks...? Hit so far is massive. Is it generally the view that there will be no great British renaissance and that we are just doomed!?!

[buywell3] 10/7/2019 10:43

When HS2 gets cancelled companies like this will take a hit

Not long to wait

[bamboo2] 09/7/2019 16:01

Flag looks confirmed.

Next historical support is 171.2
Flag Target price approx 162.4
Critical historical support 158.4

[elsa7878] 09/7/2019 11:42

With their largest competitors going bust one by one. Carillion, Interserve, Amey (on the block) and Kier looking doomed (ex-housebuilding) isn't this a positive for Costain? It is one of the few financially robust survivors...should mean more business and if priced correctly more profits..here's hoping!!

[buywell2] 09/7/2019 09:19

Slip Sliding Away
Slip Sliding Away
You know the nearer your destination
The more you're slip slidin' away

[tsmith2] 09/7/2019 08:19

very muted response to some excellent news?

[cheshire man] 09/7/2019 07:20

Costain Group PLC
("Costain" or "the Group" or "the Company")

COSTAIN APPOINTED TO DELIVER MAJOR REDEVELOPEMENT OF GATWICK AIRPORT STATION

9 July 2019
Costain, the smart infrastructure solutions company, has been appointed by Network Rail Southern Region to deliver the £150 million redevelopment of Gatwick Airport station.

Costain, which previously led the scheme through its planning and design stages, will now undertake the improvement works needed to create a safer, more convenient interchange between the station platforms and Gatwick International Airport.

Work is expected to begin in early 2020 and be completed during 2022.

Gatwick airport is the UK's second busiest airport with the rail station one of the 10 busiest stations in the UK outside of London, handling in excess of 20 million passengers annually. The redevelopment works will provide crucial increased capacity to support airport growth and a significantly enhanced passenger experience.


Alex Vaughan, chief executive officer, commented:

"The development at Gatwick will transform the existing station and provide a greatly enhanced experience for airport and passengers.

"Costain's extensive capability to deliver complex programmes, using leading edge smart technology, will ensure travellers are kept moving at every stage of the works, minimising disruption during this capacity-critical redevelopment."

Enquiries:

Costain
Tel: [phone]
Alex Vaughan, Chief Executive Officer

Tony Bickerstaff, Chief Financial Officer

Carolyn Rich, Investor Relations Director

Sara Lipscombe, Group Communications Director

[molatovkid] 09/7/2019 07:10

Great RNS !!

[bamboo2] 07/7/2019 20:03

By the look of things, Ennismore are averaging down.

[molatovkid] 07/7/2019 18:46

...and if they are, who else is??

[halfbutt] 07/7/2019 12:26

Thanks bamboo...not sure I agree on that.... if we are both long..hope your wrong.... have been reading up on ennismore...... their mission to buy on solid companies cheap is so the case here imv...

[bamboo2] 07/7/2019 12:07

Once a flagpole has formed [a short term, straight line price movement], a subsequent consolidation pattern, if any, is described as a flag or pennant. [pennant = blue]

These consolidations are short lived phenomena, often less then 15-20 sessions. Bullish consolidations form at the top of a pole, bearish consolidations at the bottom.

The bearish consolidation on the COST chart is not yet confirmed as valid. We need to see price breakout of the pattern, to ascertain direction, up or down.

If it were to break downward, a failure of adjacent historical support near the target price would be a calamity.[historical supports and resistance = orange]

No position

[halfbutt] 07/7/2019 11:20

Cant see that ... we should be seeing lower highs and higher lows ??? Hows that a bearish pennant forming ???... appreciate clarifying thanks ...

[bamboo2] 06/7/2019 19:51

I don't see Warren Buffett buying COST.

[dickbush] 06/7/2019 19:39

Sayings of Warren Buffett:

The most common cause of low prices is pessimism — sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.

Price is what you pay; value is what you get. Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down. The best thing that happens to us is when a great company gets into temporary trouble... We want to buy them when they're on the operating table.

[bamboo2] 06/7/2019 09:56

Chart developing an unconfirmed bearish flag/pennant.
Confirmed on an eod close below approx 187. Tp is in region 162 near to the last vestiges of support from 9/8/2011
Potential turns showing 9-10/7/2019, 15/7/2019

[tsmith2] 05/7/2019 12:00

Ennismore again adding, picking up 1%

[jackdaw4243] 04/7/2019 20:22

A good play if the dividend is intact.