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
  +0.60p +0.34% 174.60p 174.20p 175.00p 180.00p 172.40p 174.00p 447,967 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 1,463.7 40.2 30.9 5.7 188

Costain Share Discussion Threads

Showing 6401 to 6423 of 6875 messages
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DateSubjectAuthorDiscuss
19/9/2013
14:45
minimal I have been in Costain for years and have almost reached breakeven (at one time recently I was in front) I keep hoping that a re rating will arrive. I'm sure that if I sell and reinvest elsewhere it will be certain to take off so sticking with it for the time being...and we do get a divi which is better than the banks by some way which helps.
optomistic
19/9/2013
12:56
Yes this one pains me a little. Ever since the Report, things have been rocky. Guess it wasn't perfect! I have set my limits already, lets see what happens. Maybe I might see something more useful in the meantime.
minimal
19/9/2013
10:22
FTSE up 90 and Costain down...definitely a share that is not favoured by the many!
optomistic
18/9/2013
08:55
x/d today.
optomistic
12/9/2013
16:10
@ 5.46p above the offer...if he did it through a broker he must be a 'little' peeved. If he did it online ...his fault I guess
optomistic
12/9/2013
15:49
Nice 31000 buy gone through above the ask.
twiggy2
11/9/2013
19:37
CJohn It appears no one has an answer for you. May I suggest you try emailing the company, generally they will answer serious questions. opto
optomistic
07/9/2013
13:08
Forgive me for posting this question on the COST board. I felt someone here might know the answer. North Midland COnstruction (NMD) are an error prone construction company. They have an apparently attractive balance sheet. However there is a large ítem of almost 20m sterling in current assets labelled "construction contracts". What does this refer to precisely? Many thanks for any help received.
cjohn
29/8/2013
15:09
Well we are good at tunneling... National Grid Project Ahead Of Schedule 29 August 2013 The latest milestone in Costain's £200 million contract on National Grid's London Power Tunnels project, which is being constructed with Skanska, has been reached eight days ahead of schedule. On 15 August tunnel boring machine (TBM) Evelyn broke through into a pre-prepared shaft at Wimbledon, southwest London, completing a 3km-long drive from Wandsworth in just four months. It completes the latest stage in the creation of 32km of tunnels being built to house a new generation of 400kV electricity cables under London. "This is certainly the safest and the quickest tunnelling contract I've ever worked on," said Angus Mackenzie, Tunnelling Agent. "To date, in over 10.5 km of 3m internal diameter tunnel constructed we have incurred only one minor LTI (lost time injury) and have increased our productivity levels to being able to maintain a consistent 60-plus metres per day." Extensive planning and a robust preventative maintenance regime were key, along with a very positive behavioural safety culture amongst the entire site team. Said Angus: "We made sure we had identified and analyzed where previous shortcomings had occurred throughout the system and made modifications to ensure they didn't happen again." One of the biggest technical challenges on this drive was a curve in the tunnel alignment that had a tight 22.5 metre radius. "This gave us issues with the pit bottom as the drive shaft was centred on this curve but, using a combination of experience and new ideas, we were able to design around this," said Angus. Lennart Stenman, Construction Director, praised Angus and his "very organised" team: "They've done a great job completing eight days ahead of programme, managing the operational and technical aspects of the job safely." Evelyn is now being dismantled and split up into her principal component parts to be inspected and refurbished ready for her next and final drive on this project: 9km from Wandsworth to Kensal Green in northwest London – this is the longest drive on the 3m id section of the project and takes the tunnel under the River Thames. This will begin at the end of October and is due to be completed by the end of 2014. Meanwhile Evelyn's 'sister' TBM, Cleopatra, is hard at work on the contract's other 13km tunnel which runs from St John's Wood in the west of the capital to Hackney in the east. Cleopatra has recently begun her second drive from the Eade Road drive site in Haringey to Hackney. The contract is due to be complete by 2014, with full energisation of the new cables planned by November 2018. Ends
optomistic
27/8/2013
14:43
Well the volume has picked up with a good lot of buys, when will we break out from here and get into a serious rise?
optomistic
27/8/2013
08:44
dafrag Costain got £2.9b on the forward order book, any more large works and they would have to buy another large construction company to get the trained workforce to fulfill the contracts...workers are out there on the unemployed books but are they trained enough to come to Costain's standards?
optomistic
27/8/2013
08:39
Maybe HS2 news. Why can't we do as Germany is doong and build simple high speed lines alongside existing track?
dafrog
27/8/2013
08:37
The success of the company hopefully is not being reflected in the share price this morning...why the sudden slip on next to no volume?
optomistic
23/8/2013
23:16
orange5 - quite a strong statement? Your basis?
minimal
23/8/2013
17:00
Simon Thompson is worth following and i'd say the online subscription is worth it just for his articles I don't think iv'e ever followed one of their separate weekly tips though Anyway, online sub is just £28 per quaarter by direct debit
spob
23/8/2013
14:31
Might be due to the tip in IC - I last subscribed about 10 years ago. Their share tip record was so appalling that I did exactly the opposite and found myself in profit, when in the previous couple of years in following their advice I lost rather a lot.
erogenous jones
23/8/2013
11:29
Some big sell offs today. Price is holding OK though...
minimal
22/8/2013
16:34
Rated (again) a BUY by Investors Chronicle. Their summary states:- "Costain has positioned itself cannily to appeal to big clients with non-discretionary capital expenditure. With the shares trading on a modest 11 times expected earnings, we reiterate our buy advice (230p, 22 Aug 2012). Buy." DYOR of course. IC buy recommendations can sometimes be the kiss of death.
alan@bj
22/8/2013
10:27
I have had a close look at the interims and they seem pretty straightforward. See that today Liberum came out and reiterated its buy with a target price at 320 and be interesting to see what Investec who also have a buy at a tp of 315p say. In the annual report the Chairman came out very strong to say that Cost must(ie a very strong word) continue to enhance and broaden the range of services we offer. No mention of how they see themselves accomplishing this post May Gurney. I have enough of these especially as I take the scrip dividend so will not be buying but certainly no desire to sell. This is especially given the business risk has declined over the recent years as to quote the interims in over 90% of cases now utilise a target cost based, cost reimbursable form of contract.
cerrito
22/8/2013
10:16
Essentially target costs contracts = lower Price / Turnover (good for the client) but gaurunteed earnings (good for the Contractor). The earnings are lower, but then every third job doesn't make a loss.
minimal
22/8/2013
07:53
minimal As a QS you are far better qualified than I to understand the the results and Costains potential. I look forward to your confidence materialising...in the not too distant future. ...fingers crossed this morning for a favourable market reaction to the results.
optomistic
22/8/2013
07:39
I think circumstances make the numbers look a little diluted, but this is a very positive report. I have personally undertaken Target Cost Contracts (I am a QS), and they have allot of potential compared to close book contracts. Costain is going to get more of these benifits as the economy strenghtens.
minimal
22/8/2013
07:30
Costain reports 20% growth in forward orders StockMarketWire.com Engineering services group Costain said underlying operating profit increased by 3% to £10.7m in the half-year to end-June (2012: £10.4m). Adjusted profit before tax was £8.4m (June 2012: £16.3m, which included a £10.5m profit arising from the transfer of PFI assets to the Pension Scheme and £2.7m one-off costs resulting from Pension Scheme liability actions). In excess of £900 million of new contracts and extensions were secured in the first half. The forward order book is up 20% to £2.9 billion (June 2012: £2.4 billion): over 90% of order book comprises repeat orders. Over £850 million of revenue secured for FY 2013 by 30 June including 30% of support services activities. Net cash position was £64.3m (June 2012: £131.5m), reflecting the anticipated transition to lower risk cost reimbursable contracts, reduced levels of advance payments and increasing support services revenues. Interim dividend is increased for the sixth successive year, up by 7% to 3.75 pence (2012: 3.5 pence). Post period end, Costain acquired EPC Offshore Limited, a specialist oil & gas project management services company, for an initial consideration of £9.6 million, and launch of Costain Upstream to provide services across the life-cycle of upstream oil and gas assets. David Allvey, Chairman, commented: "This was an encouraging start to the year with a 20% increase in our order book to £2.9 billion and an increase in underlying operating profit, against a backdrop of market conditions which continue to be challenging. "Costain is building its order book by generating, through its commitment to 'Engineering Tomorrow', innovative integrated service solutions for major customers who are continuing to invest to address essential national needs. "Costain remains on course to deliver a result for the year in line with the Board's expectations and we are pleased to increase the interim dividend for the sixth successive year." .....I was hoping/expecting for a little more on the bottom line. Let's see how the market takes it.
optomistic
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