Costain Share Discussion Threads

[thags] 20/10/2023 09:24

That was a brutal slice through support. Re-bought in again although I feel it was a bit premature. Could easily see this revisit 35p again such is the lack of interest

[catabrit] 19/10/2023 11:38

The recent strike by over 3000 engineering workers because of pay is something that worries me medium to long term with Costain and others. I have asked if the pay rises are taken into account (I.e. recoverable) in the contracts because the last thing we want is to be held liable for pay rises. I think we’re at the beginning of quite a significant wage price inflation cycle.

[catabrit] 18/10/2023 14:42

Honestly Blackhorse, I think you and my ex might be the only two humans alive that trigger me in the way that you do. It is a disgrace that you’re even still allowed to post on these boards and ramp the various stocks that you do across numerous unrelated threads. Please for God’s sake get a moral compass or lever your bets 100:1 so that you can get wiped out and leave the rest of us in peace. Amen.

[blackhorse23] 18/10/2023 13:28

Tempting to sell out & buy GATC & WJG

[roguemale1] 17/10/2023 16:50

Yeah it was only ever best case 100p after the RI...
I have this and AN Other left really, otherwise just standard hopes not multiples.
Not heard much on COST for a while, I'll have to prod my mate.

[roguemale1] 17/10/2023 12:43

Hi Catabrit,
Yeah RTN following HYVE and MCRO.
I'm a Jonah!

[cerrito] 17/10/2023 10:55

Both excellent appointments, at least on paper, and as you say Catabrit good that they are focusing on margins rather than revenue.

[catabrit] 17/10/2023 09:58

Which stock was that Rogue? RTN? I think the two non executives are great hires based on their background.

Also interesting to note the emphasis on improving margins and operating profit.

[roguemale1] 17/10/2023 07:33

Its depressing alright. Last week had my 3rd stock in a row bought out cheap. Shows I can pick the under-value but it hurts not to get the full recovery in the take out price.
Hopefully the UAE boys will stop that here as they are on record as not intending to sell but interesting that todays RNS blurb on the new Non Execs mentions increasing value prior to a sale.. lets hope not.

[catabrit] 15/10/2023 14:35

It looks like we are headed to 50p folks. I have been building cash in recent weeks so have plenty of firepower to capitalise on any dislocation but I am likely all Costained-out! Anyway, I guess we will soon find out if sub 50p beckons. One day we’ll reverse the trend that is hitting 61p and heading back down again. But we might have to wait until March / mid next year. It’s all a bit boring but it is what it is.

If we hit net cash again, I might have to do an Odysseus and tie myself to the mast to avoid the siren song that is a free option on FCF. I’m a sucker for that type of mermaid.

[catabrit] 06/10/2023 09:04

The fact that neither of us can answer suggests there is some ambiguity over Euston. Originally I thought it was a done deal but the BBC reported yesterday that it wasn’t without private sector backing.

[roguemale1] 06/10/2023 08:13

Yes but I think that's just the code for resi and retail development opportunities is it not?

[catabrit] 05/10/2023 17:44

So it looks like Euston will not be happening without private sector investment.

[catabrit] 04/10/2023 21:49

They are and that needs to be taken into account when analysing what they say.

[swiss paul] 04/10/2023 19:49

Cat are Liberum in house brokers?

[pinemartin9] 04/10/2023 17:15

Easy to say that. The money will be released incrementally behind a veil of smoke and mirrors. Personally, I feel we need to commit to these projects and just Fu*King do it! Move on to the next one and just improve as a nation. We are miles behind. We're just lucky we have a small country, otherwise with policy like this we'd be screwed.

[catabrit] 04/10/2023 13:35

I thought it was an excellent speech. I am glad he has axed HS2. Hard decisions with immediate short term pains are typically the right ones. He pledged to spend the entire £36bn saved on levelling up.

Euston was confirmed.

[dickbush] 04/10/2023 13:00

Sunak says he will spend all the money saved from HS2 on rail links etc in the North.

[catabrit] 04/10/2023 08:28

My pleasure DB.

[dickbush] 04/10/2023 08:22

A big thank you from me, too, Catabrit.

[trader465] 04/10/2023 05:59

It’s a good sign the wheels are falling off the train when the CEO gets his coat.


The death of HS2?

[roguemale1] 03/10/2023 19:25

Something may come tomorrow.
Or not obvs

[catabrit] 03/10/2023 17:52

You are welcome Rogue. No point paying the monthly subscription if I can not share the good stuff with my fellow thread contributors.

I think it will settle some nerves. At the end of the day, facts beat headlines. And so even if there is a cancellation tomorrow I now expect the share price response to be pretty muted for both Costain and peers.

To give Sikh credit, perhaps he was right in that HS2 noise was preventing this from breaching that all important 62 technical level we’re all hawkishly watching!

[roguemale1] 03/10/2023 17:43

Thx for posting that.
Yeah you have to go to Euston. Who would pay the price of a ticket to decant at OOC?