Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Costain Group Plc | LSE:COST | London | Ordinary Share | GB00B64NSP76 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.60 | -1.63% | 96.40 | 96.00 | 96.80 | 98.40 | 95.40 | 98.40 | 1,159,317 | 16:35:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Hghwy,street Constr,ex Elvtd | 1.33B | 22.1M | 0.0822 | 11.68 | 263.39M |
Date | Subject | Author | Discuss |
---|---|---|---|
11/1/2024 10:47 | Bloomberg: UK Commits to Another Large Nuclear Plant in Net Zero Push Talks will start after investment decision made for Sizewell C Britain wants to quadruple its nuclear-power capacity by 2050 | dickbush | |
11/1/2024 10:38 | Market cap is 188. Net cash 164, business is being valued at 24m. Trades at less than 1 time EBIT (used to trade at 8-10 times..) Does anyone know of anything so cheap in the UK?? | sophia1982 | |
10/1/2024 20:48 | Expect 0.8p final making 1.2p for a total similar to new payment level to the Pension Fund. 2024 possibly 15% of earning to both the Pension Fund and shareholders, say 2p total. Given the cash position this should be a minimum expectation. | dickbush | |
10/1/2024 17:47 | first payment for 4 years - symbolic if small | eigthwonder | |
10/1/2024 17:34 | They made a big deal of the 0.4 pence dividend, 277m * .004, £1.1m Strange for a company that has £160m cash | herbert0 | |
10/1/2024 15:29 | Liberum Costain Group New contract win and cash much better Unscheduled trading statement indicates in line EBIT and cash much better. Northumbrian Water Group contract announced. We leave our above consensus EPS estimates unchanged. We make 5 key points: 1) We see a positive infrastructure outlook, with more upside in Natural Resources than downside in Transportation. 2) There is good progress towards margin targets, with 3.5% estimated in H2 23. 3) The growth in consulting reduces risk but is less impactful on margins. 4) There is high single contract reliance e.g. HS2, which we expect is delivering attractive margins but the shift to smaller contracts should increase predictability. 5) We expect an average sustainable FCFe for FY 23 to FY 25 of c. £27m p.a. after lease payments and pension deficit recovery. Trading on a CY 24 P/E of 5.2x; the shares remain too cheap given the exposure to the strong infrastructure outlook in the UK and the Energy Trilemma. | someuwin | |
10/1/2024 11:44 | Only board showing on my PC in ADVFN , screen on Phone ok | lancasterbomber | |
10/1/2024 10:56 | Numbers in March are gonna be back to levels when market cap was over £400m... | roguemale1 | |
10/1/2024 10:54 | Aaaaah Its messed the formatting. You get the idea. | roguemale1 | |
10/1/2024 10:54 | Yes excellent cash position at year end really good news. Still would like to see how forward order book is looking but to increase cash so much shows good management especially as earlier in year Costain were shown as one of the top payers on time within the Industry. Let's hope for a good year end report | chris magpie | |
10/1/2024 10:53 | Food for thought. Metrics. Don't shoot me on the av share price used! 2023 2022 2021 2020 2019 2018 2017 2016 Shares in issue m 275 275 275 275 108 108 108 108 Rough av share price £ 45 55 55 270 400 430 350 Rough MC £m 123.75 151.25 151.25 291.6 432 464.4 378 Pension contrib m 11.7 10.4 9.9 10.4 9.8 8.9 8.5 Pension eq charge m ? ? 0.9 8.6 ? ? ? Divi p/share 0 0 0 0 15.2 14 12.7 Cost of Divi m 0.0 0.0 0.0 0.0 16.4 15.1 13.7 £1 by my birthday! | roguemale1 | |
10/1/2024 10:46 | All seems very quiet on the technicals front. (Sorry - could not resist!) | catabrit | |
10/1/2024 10:22 | Much less overheads on consultancy contracts too D | dennisbergkamp | |
10/1/2024 10:17 | That is fair, eighth. I agree that there is still some way to travel on the consultancy side. I likewise agree that it is hard to figure out exactly where it begins and complex delivery ends. And that probably explains why they don’t break it out as a separate line item in the accounts. But I do recall the percentages being sizeable (30-40%) when going through the most recent annual reports (from 2017 onwards). I think we both actually agree on what consultancy is and isn’t. We are just using different wording. Costain isn’t a consultancy biz and shouldn’t be valued as such. But nor is it a pure contracting firm and likewise shouldn’t be valued as such. It’s a hybrid that is evolving and I think the market perception of that evolution still has a way to go. Consultancy is clearly a decent chunk of the pie and probably more of the pie than it is at peers and whether that’s better or worse, I’ll leave up to the market to decide. | catabrit | |
10/1/2024 10:07 | A couple of observations - can you actually see a number for "consultancy" carved out in the statements? in part you won't because a lot is tied into the business of contracting and in part it is because the activity of bona fide consulting - the pure sale of man and woman hours - is actually as big as the company would have you believe. Secondly, how do we square consultancy - 10/15/20%+ activity when done as a specialism - as being "meaningful" part of the pie when group margin is low single digit? don't get me wrong, the business is improved, this CEO is better, and consultancy is a worthwhile aspiration, but there is a way to travel in that regard. Luckily the valuation still stacks as a standalone construction business. | eigthwonder | |
10/1/2024 10:01 | Agree about 2024 and think we will finish 2024 in surplus of 100p | ttny2004 | |
10/1/2024 10:00 | Also, I still think this has Rolls Royce potential when it comes to the re-rate. Obviously different situations and market caps but there is so much upside here if the underlying biz performs as it should and the old perception issues wilt away. | catabrit | |
10/1/2024 09:52 | I think a few of you need to go and check your facts. Consultancy is a meaningful piece of the pie. Until that is proven otherwise - and the percentages are either given or alluded to in the annual report - this is a big contractor with a big consultancy arm and that’s that. | catabrit | |
10/1/2024 09:44 | 'tis the way of it in this sector, although the rating is mean by sector standards. The blueprint for COST shares should be GFRD - prove you have stabilised the business, then generate a track record period by period. I would be cautious on "consultancy" - it was a label which the previous CEO used to try and attach to the company but the reality was that true consultancy was minuscule and much of the rest was nearer to hatching up proposals for contracting business. | eigthwonder | |
10/1/2024 09:05 | It's incredible that the company is valued at close to their net cash position. | xamf | |
10/1/2024 08:51 | hxxps://www.construc | roguemale1 | |
10/1/2024 08:43 | Nice update. The positive working capital timings contributing £25m cash might mean that their future workload was running down a little, but todays news about Northumbria should put that right, hopefully. The lack of any major contract announcements recently had me thinking that much of their workload must now be coming from framework agreements such as this one, which is very good news in terms of the risk / profit ratio, imo. | muckshifter | |
10/1/2024 08:24 | Costain has ended 2023 with a net cash position of GBP164.4m Market cap still only £173 million. I'm already up over 50% in just over a year. Plenty more to come over the next couple of years. | this_is_me | |
10/1/2024 08:05 | Long auction...... | roguemale1 | |
10/1/2024 07:57 | Under promise over deliver...this could rocket in 2024. | pinemartin9 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions