Costain Share Discussion Threads

[owenski] 05/3/2021 16:04

That dip got bought up.

[tomtum1] 05/3/2021 15:42

Just bought in today.Looks like a very good company

[blackbear] 04/3/2021 22:15

JUST moved results a week too ref PWC, nothing to worry about

[hamhamham1] 04/3/2021 18:25

A lot of shares still in bargain territory, look back to the Spring 2009 pivot point and see how much they climbed over the next 5 years as situations improved.
Its the same here and many places, patience the tricky bit, that and having a broad portfolio.

[wiganer] 04/3/2021 16:29

1f it is down to PWC then it is absolutely right to be clear on that to the market.

[imastu pidgitaswell] 04/3/2021 16:02

Yes, it's happening to quite a few companies at the moment. Having prepared and published financial statements in lockdown late last year (well, me and people who knew what they were doing...), it's a lot more difficult in terms of timing, meetings, approvals, audit review and accounting treatment agreement and co-ordination.

Bit annoying, but amused how they are publicly pinning it on PWC...

[npp62] 04/3/2021 15:58

Results going to be one week late. Hmmmm

[knowing] 04/3/2021 10:36

Let's try this one instead

[ammu12] 04/3/2021 10:02

Nice statement from CEO

[ammu12] 04/3/2021 10:02

This budget is good news for infrastructure investment as an enabler for levelling up the economy, connecting communities, achieving the nation's net zero goals, driving digital innovation and for enabling growth for businesses. The chancellor talked about delivering on promises. To realise the full potential of such investment, exceptional programme leadership with a growth mindset will be critical to facilitate the safer, faster, greener, better and more efficient delivery of infrastructure programmes and key to achieving the sustainable operational performance required to not only bounce back from COVID-19, but to thrive. At Costain, this is our promise and we are already working with Government and our clients to achieve this."

[skinny] 04/3/2021 09:43

JLG - I've held for @6 years.

GBP Construction PMI 53.3 51.1 49.2

[imastu pidgitaswell] 04/3/2021 09:38

It is - as a sector competitor, they're very relevant. Don't worry about him - gave my view a few days ago based on experience on the SAGA thread.

Put my view of GFRD on that thread - they seem to be an extreme version of this financially, with higher cash as a percentage of market cap, but terrible margins. They are targetting (not yet achieving) 2% pre central costs. Being generous and giving them the maximum target revenue of £1.5m, and maximum target margins of 2% (after central costs) that gives PBT of £30m and PAT of around £23m. Market cap c£310m. Doesn't seem that cheap to me. As per previous comments, they are biased towards city centre building - maybe not the best place to be post pandemic. Shares down notably this morning - but this isn't.

Not seen John Laing, and not sure I can be bothered...

[npp62] 04/3/2021 09:11

For once I thought that was fairly relevant was it not? Related industries and all that...

[cleverinvester] 04/3/2021 09:07

Hamhamham1 will you please stick to the discussion board. This is Costains bb.

[hamhamham1] 04/3/2021 07:22

John Laing and Galiford Try havve RNS results put out today. See if markets react.
Broad positive day IMO.

Although looks like yield rises will dampen the opening.

[cleverinvester] 03/3/2021 14:20

Ammu12 very good news indeed just what we need.

[cleverinvester] 03/3/2021 14:20

Hamhamham1 all you do is come on here ramping other stocks. Its very disrespectful to the Costain holders.

[ammu12] 03/3/2021 13:43

Chancellor Rishi Sunak announces UK Infrastructure Bank, located in Leeds.He says it will invest in public and private projects to finance a green industrial revolution and will have an initial capitalisation of £12bn.Live analysis of #Bud

[hamhamham1] 03/3/2021 13:41

A quick post chew, then market will get on the front foot IMO.

[albanyvillas] 03/3/2021 13:20

budget useless

[npp62] 03/3/2021 12:14

Well it took nearly 3 months to clear the 60p area.. You'd think we'd make a little more progress before the next resistance point. Got slapped down from 69p fairly swiftly yesterday afternoon. I'm no chartist but from what I can see, we're well above the 20 day EMA and the 200 is about 68/69p... Maybe that explains the slap down. Happy to be corrected as ever.

[cleverinvester] 03/3/2021 11:53

Big jump coming here.

[ammu12] 03/3/2021 11:50

Next resistance 80p ?