Costain Share Discussion Threads

[imastu pidgitaswell] 07/3/2021 16:03

Thags:



Was 108m shares, they issued 167m, now have 275m.

[hamhamham1] 07/3/2021 15:58

I am more looking at market cap, I think this when i arrive at a 300p share price, a target market cap of £1bn for me, current market cap is £181m.

[thags] 07/3/2021 15:35

I read a few people on here appear bullish to 300p. What was the level of dilution with the 60p share issue as in how many shares were in circulation before and after the offering

[hamhamham1] 07/3/2021 15:11

By the time the company is posting nice results the share price will be 150p+, and then will continue up to 300p area, IMO.

[imastu pidgitaswell] 07/3/2021 13:58

owenski - don't expect the forthcoming results to be good.

They include the first half kitchen-sink numbers that have already been published, and will just show a thin level of profitability and a cash outflow.

But that's not the point. They will also show the net cash of £100m+ that they have already stated, and will outline the projected performance in 2021, and possibly beyond - hopefully broadly in line with the header in terms of margin and EPS.

That is the investment case here, not the 2020 result.

[ammu12] 07/3/2021 12:43

Break of 69 and we onto 80p...This will be 80p before the results...100m ++ net cash, current mcap 180m with margins forecasted to improve!!The CEO reckons 6-7% margins achievable medium term which if achieved would make this a cash cow at current revenues...

[hamhamham1] 07/3/2021 12:39

With all these construction contracts, investing in the suppliers of the materials they use is prob a good one?

[waldron] 07/3/2021 12:11

advfn key figures


Net Tangible Asset Value PS 35.90 p

Net Asset Value PS 57.36 p


current share price not overly priced it seems

results will soon confirm

[waldron] 07/3/2021 11:48

Ham1 and skinny

if it breaks thru 67p it might well move up another 10pc OR SO in my opinion if results are OK

Puzzled by the low EV so if taken into condsideration share price looks toppy

Good LUCK anyways

Must admit i have always had a soft spot fo Costain in the M4 and Jebal ali days

A lot has changed since the 70S HOWEVER


Full year results 16 March 2021

Annual Report mailing 1 April 2021

Annual General Meeting 6 May 2021

[skinny] 07/3/2021 11:48

Suddenly 80p looks eminently achievable short term.


free stock charts from uk.advfn.com

[hamhamham1] 07/3/2021 11:35

Patience is the hardest thing, I see these as 300p within 5 yrs, am happy to sit on my hands.

[owenski] 07/3/2021 11:14

Not a chart expert, but we seem to have cleared 60p for now and so are possibly in a new slightly higher range, could do with a bit more volume for conviction. Maybe a bit of a bowl forming as well over the last year.

A break over 90p with volumes exceeding + 2m daily traded would reduce the risk IMO and confirm the trend beyond any doubts.

[owenski] 07/3/2021 11:09

Still early days in the 'recovery' at Costain, in fact, based on their past bloody awful performance, they need real numbers to show their more disciplined, margin focused operation is actually working.

A possibility for a shocker could still occur but at these valuation levels with + 100m cash on the books it's possible the downside is priced in

Dont see why 200 + cant be achieved in due course with satisfactory operational outcome being proven.

Need also to see that the 100m cash pile isn't just the residue from a fund raise but that they are genuinely cash flow positive, they say they are from recent TU, but full year figures will give real detail.

Meantime, I'll keep a relatively tight stop loss on these and add if appropriate.

[hamhamham1] 07/3/2021 10:50

"The UK construction industry flexed its muscles yet again in February 2021, posting an astonishing £8bn in new contract awards in the shortest month of the year research carried out by Builders’ Conference shows. CEO Neil Edwards looks on admiringly but remains concerned at the industry’s ability to keep pace with its own success...

..Quite how the industry will meet the demand of £26bn in new work in the space of just three months remains open to question.

But, for the time being, the construction sector looks set to retain its position as the saviour of the UK economy."

[ammu12] 06/3/2021 16:07

They have already stated the results will be as per the guidance:Since announcing interim results on 14 September 2020, the Group in responding to Covid-19 has continued to operate productively with effective safety measures in place across all contracts. The Group's underlying trading has remained profitable with good cash generation. New work has also continued to be secured, in line with the Group's strategic ambitions. The Board therefore expects to report full year results in line with expectations.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).

[hamhamham1] 06/3/2021 15:05

Every board has one or two of these idiots.
Before the internet, every village had their idiot. But since the internet there is a village full of idiots.

[imastu pidgitaswell] 06/3/2021 11:50

Overstirring it maybe...

[dexter1612] 06/3/2021 11:43

Overthinking it maybe?

[maxplus2] 06/3/2021 11:10

I am just curious in the real reason as to why the delay in the results. It doesn't look good my 6th sense telling me

[skinny] 06/3/2021 08:05

Thank goodness the schools reopen next week. 🙄

[tomtum1cleverinvester] 06/3/2021 01:04

i am new here. do you think i should invest? some people say it is a dog. what do you all think?

[ammu12] 05/3/2021 20:29

https://www.pbctoday.co.uk/news/bim-news/infrastructure-digital-twin/89988/

[ammu12] 05/3/2021 19:58

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."

[hamhamham1] 05/3/2021 17:28

On the Saga board, Cleverinvestor has even set up a copycat account calling it "Hamhamham2"
So be aware if you read posts from that tragic figure.

This was Clevers post....

Hamhamham25 Mar '21 - 15:57 - 10347 of 10370
0 0 0
Right that's it.. I have sold up. Sick of SAGA and people calling me a ham.