Costain Share Discussion Threads

[casholaa] 22/9/2023 16:17

A dip on ex-div is usual.

[grahamburn] 22/9/2023 15:58

Don't forget, yesterday was ex dividend day.

[kibes] 22/9/2023 08:37

This is being dragged down in a most depressing way. There is simply no interest in it and hardly any trade at all. I would buy more but have enough.

[catabrit] 21/9/2023 23:54

This being down five percent on no news and when peers are all up after reporting strong results and confirming that the entire sector is heading in the right direction just makes no sense to me.

I am not posting a single thing in this thread again until we hit 100p.

Over and out!

[catabrit] 21/9/2023 09:21

More redundancies on LinkedIn as Costain moves to a, I quote, consultancy based approach. Think we should start seeing the benefits of that fixed cost base coming down as the fat is trimmed.

[casholaa] 20/9/2023 20:55

Yep, ex-div tomorrow, record date 22nd. Can't wait to be an ex-div, I've been holding like a proper div for ages.

[mayers] 20/9/2023 19:59

Ex-dividend date tomorrow I understand.

[sikhthetech] 20/9/2023 18:09

I think it's down to the uncertainty over completion of HS2.

The govn clearly need to save money.


HS2 costs set to jump as inflation undermines rail project’s future

[catabrit] 20/9/2023 18:04

Super annoying. But I concur with Casholaa and others. It will come. Obviously I want tomorrow today but I’m happy to wait this out if need be. I guess since everyone knows that 62p is the technical level, the weak hands sell out close to it. I had a bit of sulk yesterday but I’m at peace with it.

Probably helps that I’m running round Mont Blanc at the minute! Got no energy for anything else!

[pinemartin9] 20/9/2023 17:51

It feels like there's been some serious tree shaking going on. We've had about 4 or so days now where we've been down, but seen strong turnarounds at the end of the day. Anyone else see this?

[casholaa] 20/9/2023 16:12

It'll come, possibly upon divi rns

[pinemartin9] 20/9/2023 14:58

60p proving tough to crack!

[roguemale1] 18/9/2023 09:00

At least in the more public domain...

[roguemale1] 18/9/2023 08:56

There you go!
hxxps://www.constructionenquirer.com/2023/09/18/costain-bags-80m-severn-trent-order-for-upgrades-at-16-sites/

[thags] 15/9/2023 09:55

I sold my trading position at 60. I see the chart rolling over to around 50p where my new buy order sits. Still holding my long-term position

[catabrit] 15/9/2023 09:51

Not sure why they didn’t RNS this but 80m GBP framework with Severn Trent just announced this morning. Details below.

Costain, the infrastructure solutions company, will use its environmental expertise to work on 16 sites in Severn Trent’s portfolio. The work, which is worth £79.83m, is within the previously announced framework agreement and part of Severn Trent’s Capital Delivery Framework. It will be delivered over the next four years, straddling both the existing and new regulatory periods (AMP7 & AMP8).

Twelve of the sites will involve Costain working to improve the quality of wastewater, for example by removing phosphorus as part of the Water Industry National Environment Programme (WINEP). Three of the sites will involve work to protect elvers (juvenile eels) from entering river water intake pipes as part of compliance with The Eels Regulations. The final project is the design and construction of a new disinfection contact tank at the Frankley Water Treatment works which serves Birmingham and secures the resilience of this water supply.

Sam White, Costain’s managing director of its natural resources division, said: “We’re delighted to be helping Severn Trent with their sustainability improvements. It’s hugely important to both companies that we do everything we can to protect the environment, as well as offering reliable and secure water supplies to customers. The contract demonstrates the strength of our relationship with Severn Trent and Costain’s pedigree in projects of this kind.”

[catabrit] 15/9/2023 09:35

Someone kick this clown out of the chat.

[blackhorse23] 14/9/2023 12:35

Switched to GATC

[hamhamham1] 14/9/2023 08:54

Nice Kier RNS today ;)

[bobaxe1] 13/9/2023 21:06

Good day today 60 has gone and about time

[catabrit] 13/9/2023 09:34

Yep. Peel hunt upgraded Costain to buy this morning too.

[pinemartin9] 12/9/2023 21:19

Agree. Time to be patient, wait for the big money....sector will come back into vogue and COST is well placed. There are very few more solid investment cases out there. Minimal downside at these prices. Stockopedia metrics are great. Quality 93, momentum 92, value 88. Stockrank 99. 10 day Ave volume 45% up versus 3 mo th average. Something building here.

[catabrit] 12/9/2023 19:35

Important day. Bid got as low as 57.40p but rebounded strongly. I’ll probably have egg on my face by I think we’ll break that 61p resistance level in the coming weeks.

[catabrit] 11/9/2023 16:52

We have a market cap of 165m ish. Assume EV of 100m if you net off 65m of cash to take into account payables. Management reckon they’ll do a minimum of 20m of sustainable FCF and so that gets you to a FCF yield of 20% even assuming half net cash, rather than full.

[muckshifter] 11/9/2023 15:42

Sorry Catabrit, but I would like an explanation of your *minimum* 22% calculation if you would.