Costain Share Discussion Threads

[wiganer] 19/2/2021 08:43

In the meantime it keeps playing with the 60p level. Frustrating, but if that can tip over from being a resistance level to being a support level then it could be chocks away.

[greg the grinch] 18/2/2021 16:45

Costain (COST) Greg the Grinch Buy - 380.00

[knowing] 18/2/2021 10:44

Costain (COST) Peel Hunt LLP Buy - 75.00

Costain (COST) Liberum Capital Buy - 80.00

[imastu pidgitaswell] 17/2/2021 16:52

Yes I recall - there was the potential for a negative interpretation of the arbitration to result in other potential liabilities. Remote, but possible - but gone now.

Onwards...

[zeek] 17/2/2021 16:46

Good to see the a465 issues settled at the costs previously advised. I sold out at the time due to the rest of the statement saying that the ruling might affect future payments due and after a raft of poor results wasnt confident that they were turning things round. Ive recently got back in because the tone seems to have changed to a more positive outlook. It is clearly undervalued so fingers crossed they carry on performing.

[skinny] 17/2/2021 13:31

Don't encourage him!

[purchaseatthetop] 17/2/2021 13:30

I either love or hate your moniker as long as it does not encourage you!!!!

[imastu pidgitaswell] 17/2/2021 13:14

So there are 2 of us - finally...

[purchaseatthetop] 17/2/2021 12:39

Its ironic.....I hate monikers that suggest all knowing all powerful! Thanks.

[wiganer] 17/2/2021 12:30

Thanks, let’s hope in this case your username is inappropriate!

[purchaseatthetop] 17/2/2021 12:10

Afternoon all,
Just popped in to say Hi and that I have bought my first Costain today. Had not really looked at them but a poster mentioned the company and I had a look.
Solid as a rock and far undervalued. The RNS today IMO removes a lot of uncertainty.
Anyway...GLA and off we go!

[pinemartin9] 17/2/2021 12:09

Very bullish....let's hope for a close above 62.5 - that would be a new high since about July last year.

[greg the grinch] 17/2/2021 11:52

as ip mentions - the market hates uncertainty and this removes some.

[imastu pidgitaswell] 17/2/2021 09:58

Not really - in line with what they provided for last time, so no surprises.

We will get the full detail (note that it's the WG paying COST, not the other way round, so cash positive) in 3 weeks with the results.

It's the removal of the uncertainty, and the potential (albeit low) for unexpected complications that will be the real positive, for institutional investors.

The seller at 58-60p has already disappeared. For now...

[npp62] 17/2/2021 09:56

Short statement with little detail. More questions than answers as a result I'd suggest?

[imastu pidgitaswell] 17/2/2021 09:44

Asleep at the wheel...



No numbers, but in line - no upside but no downside. Bloody Welsh...

We'll see in 3 weeks. 1 of the 2 uncertainties (and for me the dodgier 1 of the 2) removed at least - which should help.

Somebody paying over the odds at over 60p for 60k (which is only £36k when all said and done - hardly moving mountains) - but still very quiet.

[imastu pidgitaswell] 16/2/2021 09:13

Dreadful people selling at 58.9. Disgusting and selfish...

😜



Just noticed - results in 3 weeks - Tuesday 9th March

[imastu pidgitaswell] 15/2/2021 15:04

Trade No . Bid ….. Offer …... Time …….............. Price …... Volume …... Buy …... Sell

187 …... 57.5 …... 59.7 …...  14:57:43 …….......... 58.678 …... 2000 …... 2,000  …...
186 …... 57.5 …... 59.7 …...  14:55:35 …….......... 58.678 …... 300 …... 300  …...
185 …... 57.8 …... 59.7 …...  14:53:17 …….......... 58.185 …... 10000 …... …... 10,000 
184 …... 58.5 …... 59.8 …...  14:51:54 …….......... 59.706 …... 6910 …... 6,910  …...
183 …... 59.7 …... 59.8 …...  14:51:54 …….......... 59.7 …... 85 …... …... 85 
182 …... 58.5 …... 59.8 …...  14:51:54 …….......... 59.8 …... 3 …... 3  …...
181 …... 59.7 …... 59.8 …...  14:51:54 …….......... 59.7 …... 376 …... …... 376 
180 …... 59.7 …... 59.8 …...  14:51:54 …….......... 59.7 …... 303 …... …... 303 
179 …... 59.7 …... 59.8 …...  14:51:54 …….......... 59.7 …... 2004 …... …... 2,004 
178 …... 58.1 …... 59.8 …...  14:49:19 …….......... 59.8 …... 1000 …... 1,000  …...
177 …... 59 …..... 59.5 …...  14:49:18 …….......... 59 …... 425 …... …... 425 
176 …... 58.1 …... 59.5 …...  14:43:13 …….......... 59.5 …... 200 …... 200  …...
175 …... 57.9 …... 59.6 …...  14:37:39 …….......... 59.158 …... 2000 …... 2,000  …...
174 …... 57.9 …... 59.6 …...  14:30:20 …….......... 58.818 …... 1000 …... 1,000  …...
173 …... 57.9 …... 59.6 …...  14:27:14 …….......... 58.81 …... 900 …... 900  …...
172 …... 57.9 …... 59.6 …...  14:24:12 …….......... 58 …... 3267 …... …... 3,267 
171 …... 57.9 …... 59.6 …...  14:21:39 …….......... 58.369 …... 5000 …... …... 5,000 
170 …... 57.9 …... 59.6 …...  14:20:05 …….......... 59.5 …... 544 …... 544  …...
169 …... 57.9 …... 59.6 …...  14:20:00 …….......... 59.6 …... 20 …... 20  …...
168 …... 57.9 …... 59.6 …...  14:20:00 …….......... 59.6 …... 117 …... 117  …...
167 …... 57.9 …... 59.6 …...  14:17:08 …….......... 58.19 …... 13539 …... …... 13,539 
166 …... 58 …..... 59.6 …...  14:10:00 …….......... 58 …... 15 …... …... 15 
165 …... 57.9 …... 59.6 …...  14:07:18 …….......... 58.818 …... 1200 …... 1,200  …...
164 …... 57.9 …... 59.6 …...  14:00:01 …….......... 59.6 …... 2 …... 2  …...
163 …... 57.7 …... 59.8 …...  13:49:23 …….......... 58.917 …... 8500 …... 8,500  …...
162 …... 57.9 …... 59.6 …...  13:46:13 …….......... 59.6 …... 50 …... 50  …...
161 …... 57.9 …... 59.8 …...  13:41:08 …….......... 58 …... 5579 …... …... 5,579 
160 …... 57.9 …... 59.8 …...  13:40:22 …….......... 59.5 …... 8 …... 8  …...
159 …... 57.9 …... 59.8 …...  13:36:58 …….......... 58 …... 4000 …... …... 4,000 
158 …... 57.9 …... 59.8 …...  13:32:03 …….......... 58.1 …... 22 …... …... 22 
157 …... 57.9 …... 59.9 …...  13:15:32 …….......... 58.95 …... 4360 …... 4,360  …...
156 …... 57.9 …... 59.9 …...  13:12:01 …….......... 59.825 …... 1800 …... 1,800  …...


I mean seriously - what do you do with that?

[claymagnet] 15/2/2021 15:03

To be or not to be

[maxplus2] 15/2/2021 11:42

Sounds to me the share price have been rigged

[thags] 15/2/2021 10:32

If you want to see the buy and sell walls without level 2 you can use bollinger bands indicator on tradingview that gives you a similar idea, hope that helps someone

[imastu pidgitaswell] 15/2/2021 09:52

Looks more like a limit on the sell price - 58p and above - rather than a time limit. Seen it again today - a move above 58, and immediately the sells appear and stomp it back down again. I have this vision of someone (an intern?) whose job is to put them on as and when the price is 'right'. Be good if they fell asleep...

It will change - we just don't know when.

[gregpeck7] 14/2/2021 21:22

Agree. If there is a seller maybe need a sub 50p plunge big volume and then move on.

[imastu pidgitaswell] 14/2/2021 18:11

Everyone has their own reasons for selling - in my case I'm just cynical and expected a pullback from 62 having seen it happen earlier. I could have been wrong. I didn't sell that many, some 25% of the total holding, with it having doubled from 31p. And because it came back somewhat, I have been buying them back again, and continuing to trade some between 55 and 60 - but the swings are losing amplitude and with the spread and the machinations it's becoming a pain. But still worthwhile - made a few quid compared with doing nothing.

The results won't be good - but they're the past. The 2 contract balls-ups and the lockdown impact will show some nasty numbers; they already have done in the half year numbers. And way more important is the cash position and forecast - which is very positive.

It's all about 2021 - which is still going to be impacted by the lockdown and residual effects of the pandemic - but more importantly 2022 and beyond. Per the header (which I can update when we see the numbers and outlook).