Costain Share Discussion Threads

[onjohn] 11/3/2020 16:05

Cash levels remained positive in 2019, with the contractor showing average month end net cash of £41.2m. This was lower than the £77.1m it reported in 2018, however. The lower liquidity level was blamed on the arbitration losses and the impact of reducing the contractor's average payment days from 58 to 34 over the year, which drained around £15m in cash. The company reported average month end borrowing of £93.7m out of its total available facility of £187m.

Costain’s order book stood at £4.2bn at the end of 2019, which was the same level as in 2018.

[onjohn] 11/3/2020 16:03

I’ll tell I in 30 min

[skinny] 11/3/2020 14:42

Now concluded?

Costain today announces:

-- A proposed new equity capital raising of up to GBP100 million (the "Capital Raising") in the coming weeks;

-- The Capital Raising has been fully underwritten by HSBC, Investec and Liberum on a standby basis;

-- An agreement with the Company's lenders to extend its existing bank facilities from June 2022 to September 2023, conditional on the completion of the Capital Raising;

[w1ndjammer] 11/3/2020 14:40

ok at what price was the capital raise....

WJ.

[onjohn] 11/3/2020 14:19

capital raise now concluded

helpful biudget


bounce coming this week imho

[wall street trader] 11/3/2020 12:45

still think Costain will be a big benefitted from the infrastructure spending plans from the Government - Will be taking a much larger position via a spreadbet with guaranteed stop once this settles

[flyfisher] 11/3/2020 12:13

Bank debt extension conditional upon a fund raising.

Both the CEO and FD should be booted out.

No position.

[w1ndjammer] 11/3/2020 10:53

looks like those participating in the fund raise want their pound of flesh,

pointless buying until we know what price the issue will be at.......

WJ.

[ch1ck] 11/3/2020 09:43

OptimisticI held these and sold a month ago this looks like a good entry point.I'm glad you are happy to be out.This crisis is serious but it will generate massive stimulus. Who will gain? Look at Kier up 16% today

[onjohn] 11/3/2020 09:34

One must react and take measures response at every event dodgem

Now target raised to 160 ahead of budget stimulus

[optomistic] 11/3/2020 09:28

"Numbers are solid"
I feel lucky to be out of these Chick.

[ch1ck] 11/3/2020 09:24

You are wrong new stimulus of 100 billion announced by the BOE will push this higher Numbers are solid

[onjohn] 11/3/2020 08:39

time tyo buy for budget i wsonder

[onjohn] 11/3/2020 08:37

looks finished

[wall street trader] 11/3/2020 08:36

well wasn't expecting that glad am only took a small position representing 1% of my portfolio so will wait and see what develops but doesn't look good

[bookbroker] 11/3/2020 08:21

This will dilute this share price to under a quid, how do you double the number of shares without severe erosion in value!

[skinny] 11/3/2020 07:08

.



more.....

[wall street trader] 10/3/2020 13:15

well I am invested now - the Government infrastructure spending programme will boost Costains long term - none many other companies to give these large contracts to now - good long term hold for me

[optomistic] 09/3/2020 14:42

Rapid recovery by Costain...uhm, don't hold these now.
The rest of them still squillions of pounds adrift :-/