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Share Name Share Symbol Market Type Share ISIN Share Description
Costain Group Plc LSE:COST London Ordinary Share GB00B64NSP76 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00p -0.65% 305.00p 302.50p 304.50p 311.00p 300.00p 311.00p 177,902 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 1,463.7 40.2 30.9 9.9 329.00

Costain Share Discussion Threads

Showing 6326 to 6348 of 6650 messages
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DateSubjectAuthorDiscuss
25/4/2013
15:10
Neither am I after the last error
solarno lopez
25/4/2013
15:04
Phew! We're walking away. Can't say I'm disappointed.
marknicho
25/4/2013
13:35
From Todays' FT Lombard column quote Street fighting Nothing says the end of a bidding war quite like an offer more than one-third higher than the original price. Add an element of cash where before the deal was an all-share merger and, though the final shots have not yet been fired, it looks as if Kier has beaten Costain in the support services battle for May Gurney. May Gurney is, of course, the real victor. The road repairer has not been valued at 315p a share – Kier's offer price – for more than five years. Instead of being a poor substitute for an auction, the board's recommendation of the original Costain deal has worked to turn Kier's previous inchoate interest into a tangible offer. Kier itself has paid up handsomely for control and can point to the greater level of annual synergies as justification. The genuine justification is whether the range and scale of the combined zoo facilities to street signs group can indeed win contracts that neither could alone. It's tricky for Costain. Coming back with a higher offer would risk charges of overpaying, especially when its due diligence suggested a price so much lower. More probably, it will quit the field, though after the failure to buy Mouchel, this would be the second transformational deal it has missed. Buying a bunch of smaller businesses is an alternative (and safer) way to bulk up. But if Costain didn't have the concentrated presence of its two 20 per cent shareholders, it might wonder whether it should change its logo to a target sign. unquote I had started asking myself if Costain could be a takeover target forgetting the concentrated ownership which-per latest annual report-is as per below with a further reminder to myself that UEM are Malaysian UEM Builders Berhad(i) 13,810,850 21.07% Mohammed Abdulmohsin AI-Kharafi & Sons Co. W.L.L.(i) 13,789,490 21.04%
cerrito
25/4/2013
09:44
As the report in The Times this morning states, IMHO it is more likely that Costain will revert to incremental bolt on acquisitions of small companies rather than "go for the big one". However, the article did say that it might also look again at Mouchel now that that company is in recovery mode following its restructuring.
grahamburn
25/4/2013
09:40
but will the jilted one jump into the nearest next bed ?
joe say
25/4/2013
08:43
they have to get everyone together, arrange meetings etc etc there's no chance of cost buying mayg now would be suicidal 10%+ above the kier offer would be beyond their reach
spob
24/4/2013
23:14
Interesting article on why Costain and Kier are interested in MG http://www.ft.com/cms/s/0/c15e5432-ac14-11e2-a063-00144feabdc0.html#axzz2RQAY8FgP
cerrito
24/4/2013
22:17
I am watching with interest. no position yet waiting to see what costains next move is. Will a BBY or CLLN bid for cost? interesting.
wipo1
24/4/2013
21:41
Noticed shares been bought on www.traderdiary.co.uk
birdsedgeuk
24/4/2013
15:33
the market wouldn't swallow it, would they ?
joe say
24/4/2013
15:22
hope not. costain doing fine, what about a bid for RNWN with a mcap of £60m. would provide synergies in rail for example. might be worth considering. hopefully no further interest in mayg.
pyemckay
24/4/2013
15:09
grahamburn, I did of course se the RNS but it's the "Costain is considering its position and will make a further announcement in due course." The longer it takes for the announcement the more likely they are thinking of upping their bid...that I think is worrying.
optomistic
24/4/2013
15:00
They have made a statement at 10.54 this morning via an RNS: The Board of Costain Group PLC ("Costain") notes the announcement earlier today by Kier Group plc ("Kier") and May Gurney Integrated Services plc ("May Gurney") that they have agreed the terms of a recommended offer for the entire issued and to be issued share capital of May Gurney. Costain is considering its position and will make a further announcement in due course. _____________ Quite a bland, yet normal, statement for this kind of situation. Guess they will consult, cogitate and consider for a day or so (especially looking at the irrevocable undertakings which have popped up) and then bow out gracefully. The new agreed price is a long way north of the initial "agreed" offer so Costain would find it hard to justify an offer a good way north of the new "agreed" offer.
grahamburn
24/4/2013
14:53
It's taking a long time for a statement to come from Costain...that is dangerous it means they are thinking about it!
optomistic
24/4/2013
10:58
Does possibly leave them looking like takeover material? 2nd attempt at step change takeovers, 2nd fail probably, might mean some interest again in them?
rgjones
24/4/2013
10:42
Add me into the 'leave MAYG well alone' camp
joe say
24/4/2013
10:08
Right men - head down and get on with running and growing the company. Leave MG alone ! Keep your ego in check. Enough nonsense with trying to buy other businesses that could jeopordise the current value.
martinsim
24/4/2013
09:52
Kier bid in , values MAYG at £ 221m, considerably more than the COST cap , so I think thats the end of it: http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/10014428/Kier-trumps-Costain-with-bid-for-May-Gurney.html
rogerrail
24/4/2013
08:47
Will Costain recieve a break fee from MAYG now that they have recommended the KIER offer ?
spob
24/4/2013
08:05
Come on Costain give the cash back to shareholders don't throw it away
spob
24/4/2013
08:04
Bought back my holding in Costain today on the hope they will now abandon this daft bid for MAYG Also sold my holding in Kier group this morning
spob
23/4/2013
12:15
Friday is Keirs final day for spoiling the cost-mayg merger. i fear the worst. hope costain walk from the deal if keir bid..
pyemckay
17/4/2013
14:15
Ex dividend TODAY (record date Friday). Hence the drop today.
grahamburn
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