Costain Share Discussion Threads

[ammu12] 10/7/2020 14:30

Wow sub 60...Didn't expect that.I reckon it's the margin which investors don't like in the construction industries...Kier, galliford, costain all work on low margins 2%

[npp62] 10/7/2020 13:22

Can't be far from the floor.

[barnesian] 10/7/2020 11:30

The placing at 60p was over-subscribed so I am assuming that there is unsatisfied demand at 60p and that this will provide a floor. I am not aware of any material change in prospects since the placing.

[npp62] 10/7/2020 10:52

60p this week!

[farrugia] 08/7/2020 11:05

i also bought some more but i don't understand why its so weak. Won't the government's infrastructure spend support the likes of Costain?

[anaautoslimited] 08/7/2020 10:16

i'm in for another big buy when this hits 50p

[imastu pidgitaswell] 07/7/2020 16:02

Bought some more on the dip - very illiquid though, wouldn't let me buy even 6,000, was a delayed limit.

[outfly] 07/7/2020 15:14

60p next week.

[dancing piranha] 03/7/2020 15:55

So the question is whether this has to test the placing price before moving up, or is it heading back to the 40s?!!

[imastu pidgitaswell] 01/7/2020 11:23

Kier's abysmal, nay, disastrous update not helping matters...

(I can be honest on here - if I say what I really think on the KIE thread they get very upset)

[imastu pidgitaswell] 30/6/2020 09:03

From my HL round-up of yesterday's broker stuff:

Costain: Liberum reiterates buy with a target price of 100.0p.

[aquaesulis01] 30/6/2020 08:41

Importance of professionally trained and qualified Project Managers in senior positions one of the reasons some of the top Civil Servants are being cleared out by the Government. Utilising Earned Value Management for major projects provides a means of recognising the impact of future variance against the baseline plan and take early remedial action

[imastu pidgitaswell] 30/6/2020 08:24

Thanks for that, interesting. It's an issue endemic in the industry, it seems - contract negotiation, management and execution. Nobody appears to have a great record, many have gone bust, most others have plunged in value, including this and Kier. I guess it is related to how change is managed and paid for - inevitably it's the lawyers who win.

At some point, when there are few enough survivors capable of delivering the large scale projects that the government are about to (re)announce, there will be money to be made...

[aquaesulis01] 30/6/2020 07:56

Verdict on yesterday's National Grid Contract cancellation
hxxps://www.building.co.uk/news/costain-clears-out-another-problem-job/5106726.article

[owenski] 29/6/2020 09:08

They have said they're targeting improving margins, divi resumption mentioned for later this year (Oct) New management teams in place. End of day as said before, this is well capitalised 185m cap with 100m of cash. I'd argue downside is looking more limited here than upside.

[babbler] 29/6/2020 08:11

Kie flying.

[imastu pidgitaswell] 29/6/2020 08:09

Yeah, all good it seems. Perhaps I am a brilliant investor, after all, despite plenty of evidence to the contrary...

:-)

[babbler] 29/6/2020 08:04

Above ask paid...

[babbler] 29/6/2020 08:00

They said refer to previous rns.

[babbler] 29/6/2020 07:59

I'm buying any dip. If there is one.

[imjustdandy] 29/6/2020 07:57

Clearly wasn't working for them so reversing out with limited damage is eminently sensible. Massive infrastructure project news from the government tomorrow of which I'm sure Costain will get a fair share of this new business.

[faza3] 29/6/2020 07:57

Good Day to buy few cheap share l am adding slowly .company will do ok they need focus on contracts where they can make money as investor you have to be prepared for up and downs this is my four years investment they will pay dividend quickly more likely then Aston Martin easyjet or cinema w good luck with your investments

[imastu pidgitaswell] 29/6/2020 07:54

Very true. Would have been good to hear that, or indeed any financial imlpications though. Not sure what anyone is supposed to make of the information given.

[babbler] 29/6/2020 07:54

Yes. Customer requirement creep... Means cost were right to ask for cancellation if NG wouldn't pay them extra.

[aquaesulis01] 29/6/2020 07:50

To be fair, scope creep is down to both Customer and Supplier to appropriately control. I suspect inadequate cost/ benefit analysis has been carried out by the approvals group prior to authorising additional requirements to the original scope. The financial implications for Costain as a result of this mutual cancellation decision have not been revealed, but could just as easily prove cash positive to the company if they were being unreasonably held to delivering products at a loss.