Costain Share Discussion Threads

[davwal] 26/7/2021 17:30

Well, I had Kier but sold out on a fall - just before the RI was set and KL was sold and it climbed by about 40p! Doh!

[davwal] 26/7/2021 09:10

Bargain - and always a risk I suppose. The Yanks seem to be sniffing around for bargains.

[imastu pidgitaswell] 25/7/2021 21:37

No - just looked it up. Insurers not really my thing - too difficult (for me) to accurately and reliably quantify what the liability position is, imho. I do have the odd trade on the likes of LGEN, but not lately - on account of having too much tied up in this beached, er, trout.

Updated the header - you can buy this business, after adjusting for the cash you would be buying with it - for 13p per share. Wonder if somebody will?

[npp62] 24/7/2021 20:06

Imastu... do you invest in BEZ?

[npp62] 23/7/2021 19:40

Not me. I'm a long term holder. I don't short. Just seems to have been (other than one day this week) a pattern of blue in the morning, petering out to a red finish day after day

[wiganer] 23/7/2021 18:24

O ye of little faith

[npp62] 23/7/2021 13:45

Red by the end of the day? What's the betting? Evens? Odds on?

[davwal] 22/7/2021 09:25

It might help if they marketed themselves as a construction and engineering outfit rather than something sounding like an offshoot of Social Services..!

[imastu pidgitaswell] 22/7/2021 09:21

I am that kid...

It's not all that surprising - some proof of delivery is needed, and not just warm words, Linkedin posts and powerpoint presentations (they have plenty of all of those - especially Linked in; I am always tempted to reply with 'but does it make any money??!!')

Which takes time. MGNS haven't ballsed up (to the same extent) and therefore are being better rated.

It's all about delivery of the potential. And to be fair, if you did pile in the low 30s, it hasn't been too bad. Not much good for those who bought early last year though at 180-odd.

There ought to be so much more to come.

[davwal] 22/7/2021 09:14

Things proceeding better for Morgan Sindall post trading update, with plenty of justification. Feel like the kid given the cheap trainers…

[imastu pidgitaswell] 21/7/2021 09:07

Well as above, they are in terms of the Welsh one, and it's just the variation in outcomes of the other one that is the uncertainty.

The worst case scenario doesn't (for me) change the picture going forward - it would remain a cash-rich low PE cash generative business, working in the right sectors, with a multi year order book and growing margins. It's just a question of how much cash they would have.

As I said, I don't particularly think that is 'the' issue with the share price weakness - I'm just suggesting it as a possible reason.

[davwal] 21/7/2021 09:00

I thought the much publicised potential negatives were already baked in..

[npp62] 20/7/2021 23:05

Rather irritating... rights issue / fund raising was at ... 84p ish... it's never been anywhere near since... from mid 30's to hanging around 60p for a while... now a bit of a falling knife... Irritating. Wonder if the market knows something we don't... one way or another

[imastu pidgitaswell] 20/7/2021 16:27

The worst management ever was the previous lot they had here, including the astoundingly overpaid CFO - paying out dividends and bonuses as the cash was disappearing...

[ammu12] 20/7/2021 16:17

Market goes up costain goes down market goes down costain goes down....Worst management ever!

[pinemartin9] 20/7/2021 14:23

No news to come before results so may drift for a while. I'd suggest that combined with the general malaise in the market equates to a good buying opportunity.

[imastu pidgitaswell] 19/7/2021 17:07

I would suggest it's not optimism - it's realism...

:-)

[dexter1612] 19/7/2021 16:47

I admire your optimism sir)

[imastu pidgitaswell] 19/7/2021 15:29

Or maybe not.

Everything has a value - and some £113m of net cash is a big chunk of it, never mind the actual business (currently valued at 12p per share with the price at 53p).

[dexter1612] 19/7/2021 08:59

Big sell of here, into the 40s we go.

[dealy] 19/7/2021 08:47

This is forced selling. Chain reaction from weeks of falls in small caps