Costain Share Discussion Threads

[imastu pidgitaswell] 04/2/2021 08:55

Never mind the share price rising, far more importantly I've managed to put a chart in the header - in order to better reflect the current (and pending) rise.

Feeling very pleased with myself (although am aware that no-one notices or cares...) - requests welcome...

🤓

[imastu pidgitaswell] 03/2/2021 15:51

Ah, and they there go - 62p on the bid, can't have that, so drop it and widen the spread.

Give us our money, you cheating b*stards...

😛


I thought the barrier was 60p - it appears to be 62, both this time and last time. Hopefully just a matter of time.

[tomc85] 03/2/2021 15:15

Positive direction and on decent volume

[greg the grinch] 03/2/2021 15:04

I have topped up... :o)

GLA

[antonagis] 03/2/2021 08:48

And we’ve finally broken through 60p. Let’s see if it can maintain it to the close today

[imastu pidgitaswell] 03/2/2021 08:23

The don't necessarily want to sell all - even the big boys manage their position sizes and sell some when it goes up.

Who knows, it might even catch on as a modus operandi - and not just binary view points? Wild thought, I know.

Signs of life...

[ammu12] 02/2/2021 11:59

J O hambro capital management selling hence the weakness.They still got 9% to sell ?

[antonagis] 02/2/2021 11:37

Just can't work out what's keeping this down. Need to break past the 60p barrier.

[pinemartin9] 02/2/2021 08:21

Consolidation a the 55 - 60p area before the next push upwards?

[ammu12] 01/2/2021 20:52

Keeps going down on a Ftse blue day....Reckon we have a large seller

[imastu pidgitaswell] 01/2/2021 15:46

Dunno - bought back another chunk from the 61+ sales (10,800) and that one is showing.

All very odd.

[claymagnet] 01/2/2021 09:58

No idea if this is related but I started trading using trading 212 as a friend put me onto it. I have noticed that any buys small and large show up in red as sells on the trading screen on Advfn. Makes me wonder when I see big chunks been sold if they are in fact buys not sells.

[imastu pidgitaswell] 01/2/2021 09:48

More buys (post FRES and POLY small sales) not showing...

I don't know what the rules are, but it's odd that sometimes they show and sometimes they don't.

[imastu pidgitaswell] 31/1/2021 14:12

tom - re GFRD, just my (limited) understanding)




In terms of the the relative pricing, I think until we see how they're all moving forward and what the ongoing post-lockdown ("steadier" state) future investment proposition is (growth, margins, cash generation, dividends) in numbers, they probably won't diverge much. Regarding sensitivity, just leave it all on the KIE thread - they don't seem to want to hear contrarian views, nuance or detail.

There is a case that KIE will actually do better, as it is more leveraged. Basically if (and it's a very big 'if' imho, but it is only my opinion, none of us know) they can trade satisfactorily with the level of debt they have, then an increase in the real value of the business - the enterprise value (debt + equity, or in Costain's case, equity - net cash) - will be reflected more for KIE in the equity component of the enterprise value than for COST. KIE is far more risky, but (potentially) more rewarding.

For me, I feel happier taking the lower risk option of a company with £100m+ of net cash; it's not going to go bust, and there will not be further share dilution - I still expect it to double within 12 months, and treble within 24 months, which isn't too shabby. See the header. And anyway there is no law saying you can't adjust that view whenever you choose - for me, for now, I am far happier holding these than I would be holding Kier. At some point, I may well hold both.

You pays your money and you takes your choice.

[maxplus2] 31/1/2021 12:30

Seems to me they have been deliberately been shorted.

[claymagnet] 31/1/2021 11:50

I've recently jumped on board with both cost and gfrd. I have been 100% in kier up until now. Gfrd looks to my young inexperienced eyes tracking close to kier over over the last month. Kier announce big contracts left right and centre and the market doesn't seem to respond, even after a trading update which I thought was pretty decent. I know kier is a touchy subject for some. Either way I think between kie cost and gfrd there is a good chance of upside when lock down ends seeing as trading updates and contract announcements don't individually affect them. Yet they all seem to move up and down together. More experienced players might have an idea on why this is? I am deffo in agreement with a couple of other posters that this sector is the place to be these tough times.

[tomc85] 29/1/2021 18:33

As much as I see a related due here i can't help but notice how gfrd appears even better value. I have 25% of pf in here and am looking to add to gfrd they mentioned the prospect of divis resuming, to be confirmed in March result, anyone a buyer?

I sure look to be next week or next pay day if the market doesn't pick up soon.

[sparty1] 29/1/2021 18:32

Just as a measure (non chart) of shareprice movement. I mean we are all in it for the money/increases.

[imastu pidgitaswell] 29/1/2021 16:14

Nice try - not on these volumes we're not.

Next week, the world is ours. Possibly...

[claymagnet] 29/1/2021 16:09

And we're off!

[imastu pidgitaswell] 29/1/2021 13:43

You're comparing the actual (single) share prices, rather than the total market cap, or enterprise values? Over a period of a few days?

I can't possibly argue with that kind of logic, indeed good luck with that...

[sparty1] 29/1/2021 13:40

Well pidgy,just to return the compliment, I have taken to comparing the "funded" COST and the "debt ridden" Kier by calculating the gap between them.It amuses me.
was 15 points now 22. Not bad for a company many think are technically insolvent.

Good luck

[pinemartin9] 27/1/2021 16:29

Taken another nibble here. Looks reasonably defensive with possible upside. I liked the strength it showed on a shaky day for the markets. Hoping for a a bit of a tick up in the run up to results.

[gregpeck7] 27/1/2021 11:12

61.5p for 100000 the market is being well managed.