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
  -3.00p -1.73% 170.40p 170.00p 170.60p 174.60p 170.00p 174.60p 180,885 11:22:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 1,463.7 40.2 30.9 5.5 184

Costain Share Discussion Threads

Showing 6451 to 6472 of 6875 messages
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RR, I hope it does prove to be high margin, looking at the bottom line it is what Costain needs. Get more net profit and we have a chance of moving ahead.
Roger Rail, Once again good contract news for Costain but 'high margin work' hope it is, not been much of that in the near past. ps where did you get the 'high margin work' from?
Analysts are a funny bunch. Costain served up a perfectly acceptable end-of-year trading statement, and still they had concerns. This is thought of by many as a civil engineer, but nowadays it offers the ability to fulfill entire large engineering and infrastructure contracts, rather than merely the bits requiring large amounts of concrete. For example, Costain has just won the eleventh contract to work on Crossrail. It will work on the huge super-sewer in London for Thames Water, too, and for Severn Trent on the next round of investment there. It is also working on all ten of the ageing Magnox nuclear reactors. This sort of contract is quite different from straightforward civil engineering. It does not hand the company large amounts of cash upfront. Costain probably saw its cash balances fall by about £70 million to £50 million in 2013 and this drain will continue until, eventually, it turns positive. The company gets very little work from overseas these days. Andrew Wyllie, the chief executive, says that there are far too many opportunities in Britain already. The total order book ended the year at £3 billion, up 25 per cent, with more than 90 per cent repeat orders from existing clients. The final concern is its acquisition policy. Costain mercifully failed to buy Mouchel and lost out on May Gurney to Kier. Mr Wyllie says that plenty of other opportunities are out there, although the timing is unclear. The concentration on infrastructure and a few blue-chip customers is a plus. The days when decent margins could be made on bog standard building projects are over. That cash outflow should not be a problem. The shares have traded between 250p and 300p over the past year. At 296p, up 12p, they are at the top of that range and on about ten times earnings, which does not suggest any reason to chase now. But the long-term story is there; buy on weakness. Tempus in todays TIMES
With the order book in place this is a solid and somewhat undervalued defensive stock with reasonable growth prospects considering the expected pick up in infrastructure spend, provided of course they don't do anything stupid such as the failed t/o of May Gurney! Definetely one to have in the ISA portfolio.
Lovely - an increased order book and what I particularly like is 90% + repeat orders - imo good to work with clients you've sold to in the past as both parties tend to form an understanding of each other making the day to days that much more efficient.
joe say
Trading Update
This seems so undervalued It must catch up at some point in 2014 so I am holding on to these shares. They have a very good order book and I anticipate that this will grow further during the next few years. I had an uncle who used to work for costain andhe reckoned they were the best employer he had ever worked with. Happy new year to all Mad
I don't understand this...Costain announce a contract win and the price goes up. Unreal!
Down 260 to be the next support?
Should have sold out completely! Still not bought back in..looks like there is more to go on the doubt be wrong again :-/ edit...nah, still got the downside pulling. edit edit...going up...I think they read my posts then go the opposite way1 LOL
Took some off the table this morning, interesting that my sale was recorded as a was close to the offer. Covered both ways now, share price falls, buy back, share price rises, still got a holding.
I didn't realise I was being condescending, I never meant to be EJ - I simply asked a question. Most people become emotional about their trades.....which is exactly why technical analysis works. I hope you are wrong in your interpretation of the chart, but only for my gain. Thanks for the support Opto :)
Erogenous Jones 28 Nov'13 - 08:23 - 5526 of 5526 0 0 Ws, please do not be so condescending. Charts tell part of the story. My interpretation is that the share price is rangebound in MY reading of the chart. I will never trouble this thread again. ==================================================================== EJ, don't get upset so's discussion and opinions on here. Views have to conflict on the 'odd occasion' Keep smiling opto :-))
Ws, please do not be so condescending. Charts tell part of the story. My interpretation is that the share price is rangebound in MY reading of the chart. I will never trouble this thread again.
erogenous jones
You won't see 260 again, unless something extreme and untoward occurs. Can you read charts EJ? 270+ and rising is the support level at the moment, with 360 being the next resistance level. Good Luck
I will be back when closer to 260 - of course Ii could be completely wrong, but hey ho, banked a profit and and sitting on some cash at the moment.
erogenous jones
It is currently range bound..........upward range bound! I'm not selling yet :)
EJ, I can't see it being range bound as it's been in an uptrend from early October, but it does get a bit tiresome in its odd movements. I can understand you selling out...I came very close to doing it myself today but the 10p rise tempted me to stay put, I thought it was too big a move to be just normal market book keeping...wrong again! opto
Rangebound, I suggest. But hey ho, I am not a trader and sold yesterday for a modest profit. I see better opportunity for capital growth elsewhere.
erogenous jones
climbing nicely now, can it be sustained?
Well we just nudged above 300 for a few minutes, we need to settle above that then perhaps we could see 320. I can't see a lot more barring a takeover until the profit margin seems very narrow to me. It would be interesting to see others views on this.
I have C&P'd this from Liberum Capital's website (I particularly like the first sentance) Our philosophy We need to add value to be of value. We believe that both corporate clients and institutional investors deserve a far higher level of service than is currently being offered in the market place. We are determined to earn a reputation for independence, integrity and excellence. We value our people and we endeavour to hire and retain people of the highest quality. We enforce a very high quality threshold across all aspects of our business. We will always ensure that we are structurally and operationally sound and will not partake in false economies. Our approach We adopt a simple approach to all areas of our business. Without our clients we could not exist. Therefore our primary focus is to add value to our clients at every opportunity. We recognise that Liberum Capital is a people business and so we endeavour to hire and retain people of the highest quality. We have over 145 highly talented people. Our culture is one of shared and collective responsibility. One way we achieve this is by being 100% staff owned. Despite our short corporate history we collectively have many years of experience and have already built a track record of delivering high quality products and advice which has led to profitable growth. We have a simple operating structure that allows us to react quickly and handle situations with a team approach.
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