Costain Share Discussion Threads

[ranger18] 23/9/2020 03:20

Surely this can't drop any further ffs

[imastu pidgitaswell] 21/9/2020 12:30

So today's dump is priced at 39.15. Until it isn't.

[disruptor1664] 18/9/2020 17:58

£100k sell at 16:35; someones pulling out. Just hope it ends soon.

[imastu pidgitaswell] 18/9/2020 14:17

Yes, certainly somebody selling, and most likely them. Little chance of these moving until they are done.

[imastu pidgitaswell] 17/9/2020 11:36

Kier done (finally, after initial 'technical' delay). Seem to have got away with it, which is good for the sector. No news for a while now, so we'll have to see.

[imastu pidgitaswell] 16/9/2020 14:39

Nothing going to happen here today, it seems. Someone selling at 41.6/41.65 all day.

GFRD reported today (remarkably similar profile to COST), and the sectoral disaster zone KIE reports tomorrow.

[zeek] 15/9/2020 18:41

To be fair I did ok out of the 60p RI and sold them for a reasonable profit. Unfortunately I was tempted back in when they hit the low 50's. I am trading too much during this Pandemic! Relieved to now be out for now.

[imastu pidgitaswell] 15/9/2020 14:56

Nothing earth-shattering.


This amused me:

"but, two, [the] vote of confidence [it - the rights issue - showed] in the infrastructure industry. Investors believe it’s a good market to invest in. That’s important for our clients because they want to be working with businesses that can invest in improving their capabilities and their innovation."

Investors believe it’s a good market to invest in - and we all agree with that, don't we?

;-)

[careful] 15/9/2020 09:11

Not more for the NHS.
About time less was spent.
£200bn p.a., and they are only interested in one illness these days.

[buywell3] 15/9/2020 08:07

boris

Regarding HS2 and your wanting to build your way out of this deepening depression that we are getting involved with ie Global.

buywell would rather you consider spending the 200 Billions that will go on HS2 in building new Hospitals that have designated pandemic treatment areas with the special ICU's/ Treatment rooms and equipment that is needed .

If Covid-19 carries on rising in case numbers like it is doing now worldwide and in the EU and UK then many HS2 seats will travel empty.

kindest regards
buywell

[imastu pidgitaswell] 15/9/2020 08:00

?

Of course it was down (a bit) - it was the middle of a global pandemic...

Look at the cashflow statement, or slide 12. They have £141m net cash (more gross) at 30 June. Have you seen how other businesses have performed over the past 6 months?

[owenski] 15/9/2020 07:15

Without the fund raise, net cash was down over the comparative period, until they prove they can change this is not a even a business, it's a money black hole.

[zeek] 14/9/2020 22:22

I remember being annoyed at the time of the RI in that it seemed to happen at the worst possible time with the share price bring very low. Surely if they had identified the strategy of needing a better balance sheet to bid for better contracts they would have raised money earlier when the share price was over £1 causing less dilution. Now I suspect it was solely due to the realisation that they were going to need this money to cover these 2 contracts and that without the RI they would have struggled.

[essentialinvestor] 14/9/2020 17:21

Often the case with this sector that shareholders appear to pay the price

while BOD's draw the rewards.

[escapetohome] 14/9/2020 17:16

the ‘old’ experienced hands are the ones who climbed too fast too quick and remained at the top for 20 years or more in a bubble. Thats who you mean.REFER TO POINT 1 ON MY LIST. The favoured ones who went ahead not based on ability.

Im talking about the ‘old ‘ experienced hand who were held back at ground zero , who really know their subject, who are now replaced by students.

CON struction stay away.

[escapetohome] 14/9/2020 16:42

Far far far too much of a club. 100% club atmosphere not someones achievement.

Politics

Too much preening and concentration on standing and pecking order.

Management who want to look good, not produce results.

Cheap students in —- old experienced hands out.

Some one asked whats wrong with the industry.

[farrugia] 14/9/2020 14:29

So much negativity. Never ever sell on panic!

[ammu12] 14/9/2020 14:16

I am currently invested in boohoo but waiting for galliford results on Wednesday before making a decision to invest back in construction industry.Don't get me wrong I like costain and the margins are better than galliford so keen to see how it performs over the next couple of months.