Costain Share Discussion Threads

[ttny2004] 22/3/2021 08:27

If it was to fall further will some more at 40p ish, but somehow don't think that will happen. However, one never ever knows. Think medium to long term this is a very good risk/reward play.

[ttny2004] 22/3/2021 08:20

Just bought my first tranche of these for my pension today at 59.42. See this as great value for a long term hold.

[hamhamham1] 22/3/2021 08:07

I think this news just bumped markets up a bit and paired initial drops.


But until the vaccines are sorted with UK and EU, sideways is the best direction we will get.

[ammu12] 22/3/2021 08:05

Anyone reckon we might get into 40'd again ?

[hamhamham1] 22/3/2021 07:29

Nikkei down primarily due to this...

Bank of Japan Brings End to Decade-Long Buying of the Nikkei 225

BOJ to stop buying Nikkei 225 ETFs, purchase only Topix funds

(Am sure that news came out friday morning UK time, just as Japan markets closed, so a bit of catchup?)

[oliversanvil] 21/3/2021 16:26

Too many t20 traders!

[imastu pidgitaswell] 21/3/2021 15:50

I think that's a reasonable assessment of the reaction - but personally I think the reaction is too negative. But I would say that, wouldn't I?

I think I said on the day that the Q's in the Q&A were indicating that the analysts were looking for some reassurance on the consultancy and margin prospects. I thought the answers gave that, but who knows what the takeaway by the scribblers was.

Personally not concerned, and happy to add back as it falls (although it not fall anymore now it has made 60p again) - I didn't see too many of them advocating buying at 31p.

[wiganer] 21/3/2021 15:37

Did a cold read of the results today trying to set aside my previous assessments on COST. I think from that I reckon the market reaction pretty much all boils down to the PH uncertainty. The market seems to be fearing the worst from the final outcome. I don’t think that’s fair, but it’s not outrageously irrational.

[dealy] 21/3/2021 13:41

so in the absence of a 2% dividend they took the stock down 20% ?

[maxplus2] 21/3/2021 13:36

I think people were expecting a dividend from the recent results which is not the case anymore

[dealy] 21/3/2021 12:13

no reason why they can't make decent money out of that. Skills like that are in high demand and short supply

[grupo guitarlumber] 21/3/2021 10:01

tomc85
21 Mar '21 - 09:15 - 893 of 893
0 1 0
Costain will provide consultancy services for Network Rail nationally to manage and assure the delivery of complex decarbonisation, climate change and digitisation programmes. This will last for six years.

[tomc85] 21/3/2021 09:15

Costain will provide consultancy services for Network Rail nationally to manage and assure the delivery of complex decarbonisation, climate change and digitisation programmes. This will last for six years.
hxxps://www.pbctoday.co.uk/news/planning-construction-news/costain-national-rail-framework/90708/

[peteret] 21/3/2021 00:17

The South Wales Industrial Cluster (SWIC) deployment project, led by Costain, has been granted phase two funding of nearly £20m following successful completion of Phase One assessments looking at decarbonisation schemes and the infrastructure required for a hydrogen economy in South Wales.

[cerrito] 20/3/2021 21:32

I have read the RNS and listened to the webcast.
I am at a loss as to whether to buy more now that it is sub 60 or stay with the considerable(for me) sum that I have.
The webcast was clear and the questions answered well.
Good that they have new Chief Legal and Financial Officers. I liked the question from the Cenkos man as to how they are going to keep their 1000 consultants motivated.
That said I have not found a clear explanation from them as to why they got the A465 and P&H wrong and the lessons learnt. The Chair seems to have Teflon. He escaped questioning at the last AGM and no doubt can engineer thigs so that he does not have to face questions this AGM. He has been Chair since May 16 but have not checked if this was before or after the two contracts were essentially agreed.
Incidentally I reminded myself that before he stepped up to CEO Alex was head of the Natural Resources Division which I assume did the P&H deal.
It seems we will have to live with the P&H uncertainty till the end of the year and need to make the assumption that the Government does not pull the plug on HS2, as well as to hope that after their review of all the significant contracts they have done there are no more nasty surprises.

[dealy] 20/3/2021 16:28

I can't believe this stock was down sharply this week. Spiked up to 73p on a good earnings report and ends the week at 58p. Frustrating

[imastu pidgitaswell] 19/3/2021 16:00

Personally I don't see buying a cash-rich, pandemic-proof (ish), multi-year income in the bag, low earnings multiple share as much of a gamble - but opinions make a market.

Basic investment case as per the header - 60p now the right price again, etc

[b1nky] 19/3/2021 15:47

I agree!"It's about risk management, not clueless one liners favoured by gamblers".FORTUNE FAVOURS THE BRAVE!!!

[wiganer] 19/3/2021 15:44

The problem is that the results numbers and narrative rendered COST as having material uncertainties in the short term, so it’s no use railing against gambling, because that’s what it is either way at the moment.

[owenski] 19/3/2021 15:38

You dont know where the 'bottom' is, that's a hindsight perspective, it's better to miss out the so called bottom and buy shares moving up with good financials to support. It's about risk management, not clueless one liners favoured by gamblers.

[owenski] 19/3/2021 15:30

This has been sold down post results, so the market aint enthusiastic and I'm not into going against the grain.

Maybe after one or two more results and they prove that they're now getting their act together, the market might start buying Costain again, meantime, i'd rather wait to see a clear trend change.

[dasty1] 19/3/2021 15:09

Hmmmm...maybe my “little negativity” a few days ago was right. Am not pleased to say so, and should have gone with my sell instincts. But didn’t. As I said a few days back, we now have 12 months uncertainty on Wales and Huntingdon, with potential (I accept only potential) cash wipe out. Market hates even the remotest chance of that. Hence down. I can see this trickle to 40p over 3 months, steady, then only climb on resolution of those two evils.

[tomc85] 19/3/2021 14:56

Peers arnt being hit either strange, seller or swing traders. Is one of the more volatile stocks in the sector. I know me and iamstu traded 50 to 57p quite alot.

[imastu pidgitaswell] 19/3/2021 14:50

Likewise.

I don't know who is selling, but I wouldn't mind knowing the rationale.

[b1nky] 19/3/2021 14:45

I lied! I just bought more?