Costain Share Discussion Threads

[casholaa] 24/6/2021 20:14

The tailwind is preferable.

[dexter1612] 24/6/2021 20:01

Just let it go mate, eventually it will stop, it's not real life. Its just a bulletin board on the Internet. You'll be better for it.

[imastu pidgitaswell] 24/6/2021 16:03

"It's about making money after all"



Posted just now (try to process in your mind - posts can be edited at a later date...) in an obscure location - so as not to clog up this thread. Or your brain.

Trades on COST up to May 2021. Sorted by date sold - its a little unaligned, but basically the profits are the numbers before the percentages. Not too difficult to work out, even for you. About £40k on this account, sparty, about another £20k+ on the other accounts, thanks for asking. Just on COST alone. How about you on KIE, with you buying at an average of 80, selling in the low 80s - in your own words?



I see you're still peddling that 'debt is being redefined' line on the KIE thread. Those KIE shares which you don't hold. Despite them undertaking a £240m rights issue to, erm, reduce debt, in their own words. Why would they do that, do you think, seeing as debt is being redefined?

I don't know - or particularly care - why you keep trying to provoke me; you're abysmal at this investment lark, and it's all too easy to point it out. In your own words, which makes it even more pathetic of you. I've told you before, if you leave it, I'll leave it - I don't feel particularly comfortable pointing out your inadequacies, I have a better nature than that, and I think you're quite a sad case. But if you keep doing it to me, I will respond.

Berk.

[sparty1] 24/6/2021 15:02

" generate some institutional interest" You mean like kier got?..

I`m guessing most on here realize now that you know how to argue but probably struggle to get your shoes on without help or a manual.
It is about making money after all.A man with so many "intellectual" arguments might do better to work out WHY the insti`s do not fancy it..Insti`s do not need persuading they need evidence of future growth and good management. I look forward to your next Novella which I promise to speed read..

[imastu pidgitaswell] 23/6/2021 09:55

They really need to generate some institutional interest to get the price moving. Convince them that this is a solid sustainable investment that is reliable, and income generating.

After their (and their competitors') continual balls-ups in recent years, it is not unreasonable for their institutional holders to want to see some evidence first.

[ttny2004] 23/6/2021 09:45

Hopefully solid results on 15th July will get this to break out of current trading range up to approx 85p. If we can break out of that range then could gap to 150 to 200p range and then above as post covid. Feel very undervalued.There are a few such stocks I am adding to right now with similar trends in different market segments such as BEZ Beazley (specialist insurance) and Capita (IT services)

[imastu pidgitaswell] 22/6/2021 16:30

It's just what it does - until it doesn't.

Still a few quid to be made on the (increasingly pathetic) swings.

[hamhamham1] 22/6/2021 16:06

Albeit a couple of percent:)

[hamhamham1] 22/6/2021 16:05

Ooh, why the sudden rise?

[ttny2004] 21/6/2021 18:49

Hi Graham - you are quite right. 15th July. My mistake.

[grahamburn] 21/6/2021 13:40

TTNY - from financial calendar on company website

Year end is 30 June

Trading Update 15 July

Half Year Results 25 August

[ttny2004] 20/6/2021 12:49

Dexter - Agreed. Or one of them. Got a few others in my portfolio Capita and Beazley. Not long now until H1 results on 1st July. If positive and clearly following through on what they announced at year end think we may finally break out upwards. At this price very undervalued looking forward.

[dexter1612] 18/6/2021 16:43

Most stubborn share on the market, determined to see it out!

[davwal] 18/6/2021 16:19

And lo, it came to pass. Buy it was!

[davwal] 17/6/2021 15:48

I have both a buy and a sell order in place, but I feel pretty certain the market will ensure I’ll be buying!

[davwal] 17/6/2021 15:35

Here you are COST, a job right up your street…

Nuclear energy: Fusion plant backed by Jeff Bezos to be built in UK (BBC today)

[sparty1] 17/6/2021 11:59

Davwal..lol.. and despite millions of words from the patron saint of cost on the kier board as to why COST was a better bet.
A keyboard wasted. :)

[davwal] 17/6/2021 11:31

Kier on the up. Costain? Nah…!

[imastu pidgitaswell] 15/6/2021 08:47

Signs of life, for the first time in eons - either a sale or a rollover, on trades 56 and 57

[imastu pidgitaswell] 14/6/2021 13:00

Hope not - I hate that business with a fervour...

[kaos3] 14/6/2021 12:58

similar vibe to CPI ?

[imastu pidgitaswell] 14/6/2021 12:42

Certainly is, for the moment.

I would say though (and I'm biased) that turnarounds take time - years. I've seen this before, in VLX - wait a long time (over a year) from the bottom (30p), to a partial recovery c70p, to a long (very long) plateau for another year or more before the share price starts to respond properly to the business recovery. (As it happens, we then had Covid and a plunge back, but swift enough recovery to the previous level). By which time, most of us have got thoroughly bored and moved on - I did that with VLX and missed out on the rise from 180 upwards, having done (I thought at the time) very nicely from some buying at 30p (and more higher). Them's the choices we make.

We're in the plateau phase here. The market won't trust it for a significant period and will need to see proof that the business has recovered. Everything from supplier/contract management, to development of support services, to the financial position to director level and senior staff needed to be overhauled - it's happening, it has passed the peak of the actions, but the results are still not yet visible. It's our choice - I know what I'm doing and am prepared to wait for the large (200p+) values that I can clearly see the case for (and set out financially in the header) within a couple of years.

The pricing in the meantime - who knows? Trade some, hold some.



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