Costain Share Discussion Threads

[archy147] 24/11/2020 10:44

Cheers imastu :)

Although I think I now owe you an apology...

Literally the second after I posted that message the price started dropping back down. It's why I normally refrain from writing things like that....it usually ends up as a curse! Let's see if it can work the other way now ;)

[imastu pidgitaswell] 24/11/2020 09:59

And you're very welcome - mine is also all in a SIPP, primarily for my benefit (hopefully for some time to come), but in due course for our cost centres...

😀

(Might take a while to get through 60p)

[archy147] 24/11/2020 09:50

Well this appears to be going great guns, for now anyways.

Imastu I'd just like to say 'thank you'. Your well-reasoned confidence in this share encouraged me to top up in my SIPP, as well as adding it to my ISA and the Child's ISA I have set up for my son.

Happy punter here. Let's hope it keeps going!

[imastu pidgitaswell] 24/11/2020 09:47

I make that just about 100% off the bottom (intraday).

Not too shabby.

[lennonsalive] 24/11/2020 09:13

Nice rise yesterday and let's hope this is a blue finish today

[imastu pidgitaswell] 23/11/2020 21:03

You would be surprised...

😎

Manana

[npp62] 23/11/2020 20:47

Thanks man... you're obviously not that stupid...

[imastu pidgitaswell] 23/11/2020 20:33

There isn't an equivalent, because the previous 'version' had £93m less cash.

But purely in terms of number of shares, the conversion factor is to multiply by (108/275).

Personally I don't care what they did earlier, it's about earnings per share going forward, and comparing with enterprise value (market cap + debt - gross cash or, 'cos it's simpler, market cap - net cash). See header.

[npp62] 23/11/2020 19:36

This was 200p ps before Covid hit. Following the placing, what price would this need to be to reach that 200p equivalent?

[lennonsalive] 23/11/2020 11:41

Nice steady rise each day would good

[farrugia] 23/11/2020 10:00

HS2 is a shot in the arm for the post-pandemic economy

hxxps://www.cityam.com/hs2-is-a-shot-in-the-arm-for-the-post-pandemic-economy/?utm_content=bufferdb3ec&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

[imastu pidgitaswell] 23/11/2020 09:26

If you look at some of the more recent stuff they are plugging - carbon reduction, green agenda, digital solutions etc, it all plays to the emerging government themes - see some of the less publicised spending stuff announced last week (less publicised than the Xmas/bullying/tax rises stuff in the headlines).



Now compare that with the half year presentation, link in the header.

Somebody is noticing anyway - but still below the placement price in April.

[npp62] 23/11/2020 09:10

Not before time...

[saucepan] 23/11/2020 09:09

A tectonic shift in market sentiment towards COST it would seem.

[albanyvillas] 22/11/2020 20:56

Breaking news on Sky

£19bn Crossrail faces 'mothballing' over state funding row

[imastu pidgitaswell] 20/11/2020 16:50

53.5 on the bid with 10 minutes to go and they end the week at 51 and change, on a few thousand shares (most of which were buys), to record it down on the day, and not clear of 51. And on the resistance.


free stock charts from uk.advfn.com


You have to admire it...

Anyway, next week is a new week.

[imastu pidgitaswell] 20/11/2020 14:03

Yes, all of them. It was very wise when they went up to 340 intraday. Less so now. But that's the way they work. Just get something in the middle and you won't do too badly.

Both COST and SAGA I am trying to be longer term - long and strong, as you say. In 12 months or so, I think we will be talking multiples for both. But as I said on that thread, SAGA is not what I normally go for, and is a very different animal to this. I'm just getting a little reckless on the back of some results elsewhere...😎;

[tomc85] 20/11/2020 13:33

Yea noticed the spread games. keep dropping that bid.

Long and strong myself target 90p

Yous till holding SAGA Imastu? Epic running up there, remember we bought at circa 180p, i sold that 1k i was just playing with for 190p.DOH
Still have my main holding average 165p target £6 next year.

[imastu pidgitaswell] 20/11/2020 12:47

They're at it again - tiny volumes, drop it 6%+, big spread.

Not playing...


Retest (intraday) of the 51p resistance/support.

As per a few days ago, it's going to be a long and rocky road back up. Bring it on...


(I was a little bothered by a small gap up this morning. Not anymore. Always a glass half full person, I am... 😛)

[skinny] 20/11/2020 11:27

A reminder and FWIW :- .

[lennonsalive] 20/11/2020 11:25

It has an order book, cash and makes profit.

[imastu pidgitaswell] 20/11/2020 09:19

There are only 2 executive directors - the CEO (new in 2019) and new CFO.

As previously (looking back to posts in September is quite instructive) a turnaround takes time. Sit back and let it happen.


(Lacking orders - it has a £5 billion order book?) 🤐

[maxplus2] 20/11/2020 09:15

Costsin is still lacking orders and they are trying to learn from the last debacle. How can this be rerate?

[knowing] 20/11/2020 09:11

Can they change the whole board

[tomc85] 20/11/2020 09:06

Rerate is beginning here imo target 90p.
Order book size with historically good margin within the sector
Lagging competitors down 71% ytd, yes dilution but excessive
Well financed
New CFO
Pushing through resistance is the massive driver for me.