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COST Costain Group Plc

96.40
-1.60 (-1.63%)
10 Jan 2025 - Closed
Delayed by 15 minutes
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
Costain Group Plc is listed in the Hghwy,street Constr,ex Elvtd sector of the London Stock Exchange with ticker COST. The last closing price for Costain was 98p. Over the last year, Costain shares have traded in a share price range of 61.00p to 113.00p.

Costain currently has 268,766,087 shares in issue. The market capitalisation of Costain is £263.39 million. Costain has a price to earnings ratio (PE ratio) of 11.68.

Costain Share Discussion Threads

Showing 9976 to 10000 of 10600 messages
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DateSubjectAuthorDiscuss
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.constructionenquirer.com/2024/01/10/costain-boosts-year-end-cash-a-third-to-164m/
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
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