Costain Share Discussion Threads

[casholaa] 25/8/2021 17:29

'To master patience, one must first learn to master self-control' - Cashola

[hamhamham1] 25/8/2021 17:08

Yeah I can wait :)

[greg the grinch] 25/8/2021 16:48

Here are nine surprising things Jesse Livermore said regarding excessive trading:

1. “Money is made by sitting, not trading.”

2. “It takes time to make money.”

3. “It was never my thinking that made the big money for me, it always was sitting.”

4. “Nobody can catch all the fluctuations.”

5. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

6. “Buy right, sit tight.”

7. “Men who can both be right and sit tight are uncommon.”

8. “Don’t give me timing, give me time.”

and finally, the most important thing:

9. “There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

[imastu pidgitaswell] 25/8/2021 16:35

1426 - Basically by 2024 per the header.

Certainly 3 x current price. Can you wait 3 years (or maybe 2?)

I can.

[hamhamham1] 25/8/2021 16:21

Morgan Sindall has a PE of over 15x
Balfour Beatty has a PE of around 31x

[hamhamham1] 25/8/2021 15:41

What value would you put on this company if it got back to making say.. £50m profit a year?
Somewhere between £500m-£650m market cap?
That would be 3x to 4x current share price?
That's why I am here for the longer term, I think it's very doable.
Back to sitting on my hands here :)

[imastu pidgitaswell] 25/8/2021 15:01

You could always do both - trade some and keep a (large) core.

Works for me (so far...)

[davwal] 25/8/2021 14:49

Must say, in the past I’ve become impatient with other stocks, sold out only to see them steadily head north - often doing far better than where I then invested. Am trying the sitting on my hands with COST as it seems a similar fair bet for the patient investors.

[greg the grinch] 25/8/2021 14:40

Rare is the man who can both buy right and sit tight.

[farrugia] 25/8/2021 14:09

problem is we have been sitting a long time on this.

[greg the grinch] 25/8/2021 12:35

sittin and waitin.......... always makes the big money.

[davwal] 25/8/2021 11:55

Could be a blue day yet.

[hamhamham1] 25/8/2021 11:49

Big yawwwwwn, think Bagpus! :)

[hamhamham1] 25/8/2021 11:48

As said here by many, patience is the hardest part, but first world problems eh?

[boozey] 25/8/2021 11:19

With over £100M in the bank, half the company currently comes for free at the current market cap, should a predator be circling.

[imastu pidgitaswell] 25/8/2021 10:44

Looke like the presentation and Q&A went down like a cup of cold sick - I thought it was fine.

Anyway, this is why I add and reduce all the time. Adding back some sales at 63, bought at 53 or so last month.

[ammu12] 25/8/2021 10:42

I did say new orders is an issue but people don't listen

[greg the grinch] 25/8/2021 10:24

This is the backdrop II's want... fast money will leave but long term will arrive over the coming weeks/months..... hopefully a nice Xmas present.

Profits will keep going up as their more lucrative contracts kick in and with covid measures removed.

[davwal] 25/8/2021 09:36

Movement currently based on speculator action. I believe longer-term investors will become involved in the next few days and weeks, which will be beneficial to the share price

[theoldcodger] 25/8/2021 08:53

"As previously indicated, under the terms of the Agreement, the cumulative outcome for Costain of these adjudications could range from an additional cash receipt of up to a maximum of GBP50.0m to a cash payment (which would not affect Costain's banking arrangements) of up to a maximum of GBP57.3m. Any such cash adjustments would be made in the first quarter of 2022."

[thags] 25/8/2021 08:51

Were the Peterborough Huntington contract problems not resolved with cash aside or am I missing something

[theoldcodger] 25/8/2021 08:45

The results look reasonably decent to me, no nasty surprises and everything seems to be moving in the right direction. Obviously, the result of the adjudication process on the Peterborough and Huntingdon contract is the big unknown and could have a massive one-off bearing on the financial position of the company. However, once the share price has reacted to the result of that, hopefully the newly disciplined tendering processes for contracts will mean an end to these horrible provisions going forward. The City has a long memory though and I'd expect COST to trade at a significant discount to some of its peers for a considerable period, but that should close over time (assuming no more bad contracts) and along with improving results, give a double boost to the share price in the medium term. Thus, whilst there are sure to be bumps along the way, hopefully the share price will head steadily north over the next few years and amply reward those investors prepared to be patient.

Due to the nature of the business and the current uncertainty with regards to Peterborough and Huntingdon, I still view COST as a medium-high risk investment, but one with the potential to be highly rewarding.

All just my personal opinions.

I hold,
TOC

[hamhamham1] 25/8/2021 08:37

If the market is slow to react to a very reasonable update then that's up to the market I guess.
Personally I am happier today than I was yesterday with here, I was an investor then and am today.
Am in my happy place, but that's not watching Burnley ;)

[imastu pidgitaswell] 25/8/2021 08:30

I've seen worse (market reactions) - last time out for a start...