Costain Share Discussion Threads

[skinny] 19/11/2020 13:38

I prefer "pictures" :-)

[imastu pidgitaswell] 19/11/2020 13:34

For now, just another knock back from 51, where the previous support (and gap down) was - now resistance. Much to be expected (although I didn't sell any - it's worth way more.)

But pretty sure it will be a higher pullback, and soon enough we'll be in the giddy uplands of 52+...

🙄

[saucepan] 19/11/2020 11:59

A significant break through 50p developing?

[imastu pidgitaswell] 18/11/2020 16:01

Well, we'll see. I'm still perplexed, the 50% rise notwithstanding, why it is so low.

Its market cap is still below the net cash balance at 30 June.

As per the header, that will be lower over the course of 2021, but will be £80m at 30.06.21, and somewhat higher if they get anything better than nothing out of the contract dispute stuff.

But it's really about the future EPS projections, and looking out to 2022 and 2023.

[cl0ckw0rk0range] 18/11/2020 15:32

I can see your thinking here.

[imastu pidgitaswell] 16/11/2020 15:27

Hmm, this happened a few weeks ago on the way down - sudden fall in the mid 40s on a few thousand shares. Seems to be a bit of a feature, this tendency to fall down a hole at this sort of level. All very genuine, I'm sure...


Edit - and a UT back up at 49. Nothing suspicious here, at all. Anyway, let them play, not interested at these levels.

[albert3591] 16/11/2020 08:44

Best wait a bit

[gregpeck7] 16/11/2020 08:16

10 percent rise coming today imo

[gregpeck7] 13/11/2020 15:45

50p about to go

[gregpeck7] 13/11/2020 13:50

Git about 75,000 that will do for now :)

[imastu pidgitaswell] 13/11/2020 13:16

So take a larger one...

:-)


Not really taken off following GFRD AGM statement this am. But this 47 area was a problem a couple of times before. Along with 51, 55, 56, 60 (right issue price), 75, 85, 105...

It's going to be a long road.

[gregpeck7] 13/11/2020 13:10

He he no. But just taken a small position

[npp62] 13/11/2020 13:08

Christ Greg do you work for Costain? :-)

[gregpeck7] 13/11/2020 12:47

They are asking over the ask for just 10,000 someone is hoovering these up... great recovery play.

[ammu12] 13/11/2020 08:50

Construction must be doing ok then

[imastu pidgitaswell] 13/11/2020 07:40

Update from GFRD - doing fine and working well, the presumption is COST doing similar.



MGNS - from a week or so ago:

[imastu pidgitaswell] 11/11/2020 15:23

I think it's all very healthy for the medium and long term. Just churn after the large volumes yesterday.

[gusto01] 11/11/2020 14:21

Yes we seem a bit stuck.Still a bargain at this price!..

[imastu pidgitaswell] 11/11/2020 13:49

So...

Per chart in header:




Previous gap in low 50s proved resistance; pullback in progress. To where, dunno.

Next time at 51 or so will be interesting.

[quickquid] 10/11/2020 13:12

Nice rise. Well played Imastu.

Would buy if I didn't throw all my spares at MGNS.

[imastu pidgitaswell] 10/11/2020 11:17

Must have been the email to IR...

:-)

[w1ndjammer] 10/11/2020 10:18

at last we are on the move, the bargain hunters will be seeking out the stragglers...

WJ.

[imastu pidgitaswell] 10/11/2020 09:14

Bit perky. And not before time.

Some 27% off its 32.6p lows (where I bought my 52nd tranche...)

Edit - a lot more than 27%. Finally, somebody has noticed this.

[imastu pidgitaswell] 09/11/2020 09:30

Maybe a bit of read across from TW. (housebuilder) today - construction but of a different strand.

But, similar balance sheet profiles - cash rich, outdoor construction based so (sort of) independent of the pandemic, hammered share price, large forward sales etc etc.

Maybe...