Costain Share Discussion Threads

[zeek] 25/8/2021 08:23

Ammu, check out bidstats. New work is coming in steadily.hxxps://bidstats.uk/
Results are a step in the right direction I think.

[imastu pidgitaswell] 25/8/2021 08:14

Link to the webcast (bit hidden):

[hamhamham1] 25/8/2021 08:10

Am happy, give it time to absorb.
Not all institutions wait on the 8am bell (that's usually the preserve of the PI), they (institutions) have processes and boxes to tick.

[imastu pidgitaswell] 25/8/2021 08:08

Ammu - you're clueless. Try a little better to hide it:

[ammu12] 25/8/2021 08:04

As expected new orders is a worry imo....

[hamhamham1] 25/8/2021 07:58

Again, am talking my book, it's not advice :)

[hamhamham1] 25/8/2021 07:57

I think because the share price dropped so far, it takes that bit of extra reporting to get broader market investors to buy back in.
Personally I think there are now more reasons to invest than not invest!

[npp62] 25/8/2021 07:55

Thars what I've already been thinking for the last 2 years

[hamhamham1] 25/8/2021 07:55

True, me too, I am looking at holding for approx 5 years here, divis to come will be nice.
But I am kinda guilty of talking in the short term as well :0

[this_is_me] 25/8/2021 07:52

Being an investor rather than a trader I am more interested in what the share price will be in a year's time rather than what it will be in an hour from now.

[our haven] 25/8/2021 07:51

Well that was not boring. Should be ahead of market expectations IMO and we will see shortly. If there is a revaluation to hold today past 70, happy days.

[skinny] 25/8/2021 07:48

There's quite a bit of 'noise' @65p - hopefully not for long!

[casholaa] 25/8/2021 07:47

Been closing above the unweighted 14+50+200 moving average since 6th Aug, even on 'down' days.

[hamhamham1] 25/8/2021 07:44

The intraday (near opening) spike back in March was up to the mid 70s.
This time it should have even better justification.

[hamhamham1] 25/8/2021 07:40

I think we will see a 7 at the beginning of the share price today, hopefully this time it holds with better footings.

[this_is_me] 25/8/2021 07:38

"Our strategy has positioned Costain to benefit from our clients' key investment priorities, with an increasing proportion of new business being from higher margin services in both consultancy and digital activities. Our margin improvement strategy also balances the continuing opportunity to grow our capital delivery activities where we have a strong competitive advantage. "

Getting decent margin has historically been a huge problem in this industry. A focus on margin improvement is the correct strategy.

[hamhamham1] 25/8/2021 07:32

I am not saying its yet worth £1bn but it's certainly not going to be £174m for long.
And the stability and direction will get it to £250m market cap in a flash (IMO).
But I am a holder and over enthusiastic :)
Let's watch and see.

[casholaa] 25/8/2021 07:29

Margins are up, that's what counts.

[farrugia] 25/8/2021 07:27

you kidding right?

As at 30 June 2021, the division had a forward order book of GBP1.04bn (FY20: GBP1.09bn), reflecting YTD wins of GBP0.1bn in 2021

and what's the point of winning work - the focus should be on margins not volume.

[ammu12] 25/8/2021 07:24

Good profitability. The only negative is new work won is not a lot!!

[hamhamham1] 25/8/2021 07:23

The market will like these comments I think....

Alex Vaughan, chief executive officer, commented:

"We are pleased to report an improved level of profitability and a strong cash position, demonstrating the focus on trading performance and cash generation across the business.

"We continue to be successful in winning new contracts, building on last year's strong platform and making the most of the significant market opportunities. Our clients across all our chosen markets are continuing to progress their investment plans and to prioritise investment to meet their needs for decarbonisation, digitisation, levelling up and performance improvement.

"We are busy bidding for new work across all of our markets, combining Costain's core strengths and our broader service offering in line with our strategy. Importantly, we are being selective in our approach to tendering, focussing on bidding discipline and risk management.

"We have good visibility on the completion of contracts for the remainder of this year which gives us confidence in delivering full year results in line with our expectations."

[skinny] 25/8/2021 07:22

The down marker is up early!

[hamhamham1] 25/8/2021 07:18

"There once was an ugly duckling..."

[hamhamham1] 25/8/2021 07:16

Looks like improvements across the board.
That's what the market wanna hear, and no surprises.
Solid base to continue building on.
IMO will be received well by market.