Costain Share Discussion Threads

[cleverinvester] 01/3/2021 10:30

Up till 2018 they provided a dividend of 3-5 percent per year based on a share price of 4-5 pounds. So today's price is a bargain. share price will multiple by 5

[dealy] 01/3/2021 10:21

This looks like an absolute bargain. Any view on profits once the recovery is in full swing?

[cleverinvester] 01/3/2021 10:11

Ah ha ha ha. Aspers bought CBX on Friday and it's - 17 percent today

[ammu12] 01/3/2021 09:31

Costain took second place in the month thanks to a single win â€" £250m contract to upgrade the A1 between Birtley and Coal House. Bowmer & Kirkland landed third spot, its highest placing since March 2017. The firm won £215.1m worth of work spread across seven jobs. The largest of these was a £125m warehouse job in Pontefract for retailer Next."

[hamhamham1] 01/3/2021 09:22

Even my exotic (or crazy) investments like HMSO, STAF, MTC and sluggish SHI are up, Dear Diary...

[ammu12] 01/3/2021 09:22

The year-end order book stands at GBP4.2 billion (31 December 2019: GBP4.2 billion), with c GBP1,020 million secured for 2021 (c GBP940 million secured for 2020 at end of FY19). The Group has a strong year-end net cash position of GBP102.5 million, ahead of expectations, (31 December 2019: GBP64.9 million) comprising GBP89.5 million of cash, GBP61.0 million share of cash in joint operations and GBP48.0 million of drawn debt. The average month-end net cash balance for the second half was GBP100.8 million (2019 full year: GBP41.2 million).The Group will be announcing its results for the year ended 31 December 2020 on 9 March 2021.

[hamhamham1] 01/3/2021 09:20

Good portfolio day!

[imastu pidgitaswell] 01/3/2021 08:55

To be fair Ammu, it's up over 100% from its lows in late October (4 months ago), and up some 10% in a week. And over the 60p resistance and issue price.

Things could be worse...

[ammu12] 01/3/2021 08:51

Not too long now...Hopefully budget should provide some support for infrastructure...and then results....Maybe share price can finally rise now ?

[imastu pidgitaswell] 01/3/2021 08:49

9th - link to financial calendar in the header.

[ammu12] 01/3/2021 08:23

Results on the 8th....I think

[cleverinvester] 28/2/2021 18:49

Hamhamham1 it's not my fault you bought SAGA and now there is new virus strains. The one thing I agree with you on is Costain and CNA are great stocks.

[bluedaycoming] 28/2/2021 18:40

Hi Ammu. I am wondering if we're going to see a straight up takeover bid from Hands/Goldmans for Kier Group (KIE). Kier is the sector leader for most construction contracts won over the last 12 months, dominates the regional market, has big turnover and the current management has done all of the heavy lifting in getting costs cut, debts repatriated and divisions ready for sale. £3.5bn turnover during the worst economic downturn since records began and positioned well for the big infrastructure splurge which will get the economy going again.

GoldmanS and Hands could find partners to take this private, pump in new equity more easily than Kier's management team, pump up the business volume and sell it for a couple of billion in a couple of years. Current price: £150m. Good business. Maybe they could get it for £300m (approx £2 a share) all in if the major shareholders are ready to give in.

Selling Kier Living could immediately raise £120m to reduce net debt to £180m, plus there are £105m in cost savings feeding through this year according to the latest Kier RNS, and profits are likely to be minimum £70m but on rising volume (say £4.5bn in a boom infrastucture year) likely to be £90m. A booming sector might even push margins up by 1/2% or more and that would immediately transform earnings to around £115m or more. This might be an exciting week for KIE.

[hamhamham1] 28/2/2021 18:25

Cleverinvestor, your hundreds of (filtered) posts a day about the demise of Saga on that board show you for the 2yr old you are.

[owenski] 28/2/2021 15:35

"Costain took second place in the month thanks to a single win – £250m contract to upgrade the A1 between Birtley and Coal House. Bowmer & Kirkland landed third spot, its highest placing since March 2017. The firm won £215.1m worth of work spread across seven jobs. The largest of these was a £125m warehouse job in Pontefract for retailer Next."

[ammu12] 28/2/2021 15:11

https://www.constructionnews.co.uk/contractors/costain/willmott-dixon-tops-january-league-with-300m-haul-10-02-2021/

[farrugia] 27/2/2021 19:33

Budget 2021: Sunak pledges £22bn for new infrastructure bank



sounds good for Costain.

[imastu pidgitaswell] 26/2/2021 10:22

Close of play (actually forgot numbers are not out until week after next, but even so, end of the month makes sense.)

Skinny...........................204
NPP62............................155
Ammu.............................153
Knowing..........................150
Cleverinvester...................150
Claymagnet.......................136
Hamhamham1.......................135
Im a stupid git as well..........125
Pinemartin.......................115
Riskblue.........................106
Grand time........................98
Wiganer...........................80
Thags.............................60
TheOldCodger......................55

[ammu12] 26/2/2021 07:20

--------- 3. Details of person subject to the notification obligation (iv) Name KBI Global Investors Ltd . As controller of the voting rights directly or indirectly via a subsidiary City and country of registered office Dublin, Ireland

[owenski] 25/2/2021 21:14

I missed that yesterday, KBI adding.

[ammu12] 25/2/2021 17:16

You probably with your end of your share price lol....

[thags] 25/2/2021 16:48

Someone really hates costain its regularly tanking at close

[imastu pidgitaswell] 25/2/2021 16:32

🤦‍a94;️