Costain Share Discussion Threads

[roguemale1] 02/2/2024 13:04

744k buy-you topping up Catabrit? :)

[someuwin] 01/2/2024 19:33

Costain Group @CostainGroup ·2h

We've successfully completed the FEED stage for key onshore elements of the
@EastCluster in Teesside - with @NetZeroTeesside Power (a JV between @bp_plc and @Equinor) and the Northern Endurance Partnership (a JV between bp, Equinor, and @TotalEnergies) 👉

[catabrit] 30/1/2024 10:38

Costain number 4 in IC Joel Greenblatt magic formula screen for 2024.

[roguemale1] 23/1/2024 20:52

Hi Catabrit.
Thx for the heads up on that. I had a listen.
Comments:-
1. If you're in the industry it's high level CEO speak. He avoids saying anything controversial. If you're not its a good overview. It made me smile knowing I took the right decision in getting away from main contracting.
2. The industry has been talking the same issues for at least 30 years. He thinks it's got better in that time, I'm not so sure really - in some partnering areas maybe yes. but it's a lot less fun.
3. I got interested when they were talking about 30% productivity savings being achievable but then it petered out on planning, standardisation and off site manufacture-not new. Actual works processes not discussed, but I guess beyond the scope in the time available.
4. Obviously dodged commenting re why HS2 is fubar.
Rs

[catabrit] 23/1/2024 12:14

It is worth listening to the latest podcast episode by RICS with Alex Vaughan. You can find it on spotify. Gives a good overview of the UK infrastructure industry.

[roguemale1] 22/1/2024 20:47

1/3 volume today on the UT well above the afternoon level. Looks good to me.

[pinemartin9] 20/1/2024 21:11

Yeah, market weakness and this drops 5 per cent. But that's normal for shares that have done well.I think this just needs time, the biggest risk here is not the company's peformance, its the market's. With decent markets this should be 30 to 40% higher by year end.

[ttny2004] 20/1/2024 10:43

Looking forward hopefully within this year seeing Costain in 3 digits and over the 100p mark. Been a long wait, but have confidence that the rerating is gradually taking place.

[roguemale1] 18/1/2024 09:19

Solid figures from Kier and Galliford this week. Not quite same but hopefully should reassure the market for the sector a bit...

[roguemale1] 13/1/2024 20:47

Don't forget Helen Willis Sophia-she's only taken the freebies....

[sophia1982] 13/1/2024 17:47

Things seem to be moving in the right direction, and I am happy about that. But let us not forget that some of us have bought shares at 60p at the 2020 capital raise. Much more remains to be done and I would like Alex Vaughan to be more proactive and signal his own conviction to the market by buying shares. If I am not wrong, he only owns 250K shares (I don't count the options, etc).

[pinemartin9] 12/1/2024 19:44

He'll be kicking himself that he didn't get in a while back. Even so, fair do's for seeing the value now and posting on his site. I agree with his tucking away and holding idea. This publicity should attract more PIs.

[trader465] 12/1/2024 15:43

I see Robbie Burns has bagged a few here

“I got some Costain, this is a cheap looking and very interesting construction co as it's winning some big contracts in the water sector.

Water regulation means water companies are going to have to spend out and this is where Costain comes in.

Another great sign is net cash has soared.

It's gone up from £123 to £164 underlining a very strong performance.

With a PE of under 6, this looks a very nice buy and hold”

[mirabeau] 12/1/2024 12:52

Tipped by Naked Trader according to LSE thread

''I bought some Costain, this is a cheap looking and very interesting construction co as it's winning some big contracts in the water sector.

Water regulation means water companies are going to have to spend out and this is where Costain comes in.

Another great sign is net cash has soared.

It's gone up from £123m to £164m, underlining a very strong performance.

With a PE of under 6, this looks a very nice buy and hold.''

[dickbush] 12/1/2024 12:49

BlackRock, the world’s largest asset manager, has announced that it will acquire Global Infrastructure Partners (GIP) for a total consideration of $12.5 billion. The deal includes $3 billion in cash and approximately 12 million shares of BlackRock common stock. BlackRock’s CEO, Larry Fink, has stated that the acquisition is part of the firm’s increased focus on infrastructure, which he believes is “one of the most exciting long-term investment opportunities” 4

[mirabeau] 12/1/2024 10:56

looking bullish and great med term chart with bowl

[roguemale1] 12/1/2024 10:23

Yeah, used to be 3-3.5% approx. AV very cautious though so not expecting that initially, but as long as things keep steady he will have so much cash that the institutions will force it up. I'm sure that even now they are tucking margin away liabilitised on individual projects for a rainy day. My guess is 1.5% for next full year and rise from there. Will be interesting to see how the FY numbers compare with 2016-18. The II's will be looking saying -"you do that and we used to get this?"

[ttny2004] 12/1/2024 09:05

The industry segment Costain operates in normally offer a 3% dividend. As we know Costain is reintroducing a dividend which works out as 0.5% I think, but expect to increase in coming couple of years to at least 2%.In 2018 dividend was 15p, but share price 300p to 400p from memory, and market cap was significantly higher.

[mirabeau] 12/1/2024 07:41

23 AUg 2023

Costain Group PLC (LSE:COST) is mulling restoring the dividend after a solid performance so far in 2023 and progress in boosting its financial position.

In the six months to 30 June 2023, the construction and engineering firm reported flat revenue of £664.4 million, but a 20% jump in pre-tax profit to £15.9 million from £13.3 million the year before.

The improved profit reflected robust growth in natural resources, resilience in transportation and continued positive cash generation.

This has left Costain looking at restoring the interim dividend with an announcement expected “shortly”;.

“The increase in operating performance and the positive outcomes regarding the pension review and refinancing, enables the board to consider the resumption of dividend payments, including the payment of an interim dividend in respect of the period to 30 June 2023,” the firm said.

The transformation programme to create efficiencies is on track, with further benefits to come in the coming months and Costain expects the sectoral growth seen in natural resources together with the rephasing and rescoping of some infrastructure projects in rail and road to continue for the remainder of the year and into 2024.

Expectations for the rest of the year remain unchanged, backed by more than 90% of revenue already being secured for the remainder of 2023.


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'Expectations for the rest of the year remain unchanged, backed by more than 90% of revenue already being secured for the remainder of 2023.'. It isn't going to take much to exceed expections on sales for 2023

All parameters pointing in the right direction with growth through improvemen to come

[pinemartin9] 11/1/2024 23:20

Just looking on stocko 48% held very highly across several major holders. This fukka is gonna fly. Nobody wants to sell. Blue sky to 100p.

[pinemartin9] 11/1/2024 23:17

Well done. Timing is everything I agree, it's also awfully difficult to do. However, knowledge of a company and faith can sometimes be equally profitable. Well done. This has momentum now, watch this fly. It would be good to look at shareholders and % of company held.