Costain Share Discussion Threads

[casholaa] 11/3/2024 11:47

I hope they've earned us something worthwhile this year.

[catabrit] 11/3/2024 11:36

What does forward direction mean?

[roguemale1] 11/3/2024 10:11

All calm on here?
Word on the street good results, and a bit of forward direction coming in the words.
But who knows eh?

[owenski] 07/3/2024 14:16

Paul Hill used to bang on about how wonderful Siaetta was (now in administration)

Vox = paid for opinions.

[catabrit] 07/3/2024 13:43

Kier results presentation is worth watching. Solid margins within the infrastructure division and none of the infra-based contracts are fixed cost anymore. CEO stressed that the entire listed peer group has been conservative and responsible when it comes to bidding and it has not had any impact on competitiveness. It still amazes me that people keep referring to Costain as a construction company when the business increasingly looks quite different to the peer group. Construction and property are pretty big businesses at Kier and carry more risk. (Not Kier bashing by the way as I think the equity has quite rightly inflected upwards and has further to go.)

We are so absurdly undervalued and even quite seasoned commentators (investors) such as Paul Hill over at Vox Markets mistakenly view Costain as a low margin, high risk construction company. When that perception starts shifting we are going to fly.

[the count] 07/3/2024 08:10

--->CHRISS911911

Yep, also a holder of KIE, and great results today.

Hope it bodes very well for us here at COST as well.

Regards,

TC!

[chriss911911] 07/3/2024 07:07

Kier just posted results, easily worth double, just loving that cash development, it will be same with Cost, but the only difference with Costain, is the relative price is that much cheaper, so the upside is likely to be satisfying...enjoy the ride !

[dickbush] 06/3/2024 17:08

...and you can't get much more British than Costain.

[catabrit] 06/3/2024 15:06

Newly announced British ISA ought to be boon for miserly rated UK shares.

[hamhamham1] 06/3/2024 03:10

Had an excellent day on SPT yesterday.
I think the RNS for Costain next week will push this share price up to 75p+ area.
Time will tell.
GLA genuine holders.

[hamhamham1] 04/3/2024 08:31

Just doubled my holding here, 8 days till RNS.
TBH wasn't expecting this little dip. I made the most of it.

[izztre] 01/3/2024 09:09

One would hope this would do well in the up and coming budget as the government will increase infrastructure spending in an election year

[thorpematt] 01/3/2024 08:39

Well we have an adjustment lower to next year's forecasts. Broker's consensus guesses are now lower to 10.8p

I am not sure for COST if that is related to any of the housebuilder stuff? (any help on that is very welcome).

But in any event I think the fPER is now significantly less than 6

The PD here is much less than the cash (so even if you were to deploy it for that - which you wouldn't need to) then you still end up with a lowly PE for a commany with £29m profit and the ability to acquire / invest.

So probably a good buy in point.

[ttny2004] 29/2/2024 17:02

Maybe on results release on Tue 12th March if positive update this will re-rerate. It is ridiculous as you say. More cash than market cap.

[casholaa] 29/2/2024 15:26

What can anybody say without being criticised?

[cestnous] 29/2/2024 15:07

So as ever, nobody knows anything about the pull back

[thags] 29/2/2024 14:50

value investing is dead and buried its just wide boy speculation now

[the count] 29/2/2024 14:11

--->KIBES

Kier have just entered the FTSE250 index.

TC!

[kibes] 29/2/2024 12:01

Strange that this is drifting down while Kier goes up quite strongly. But nobody is interested. The wide boys have moved back onto Bitcoin.

[muckshifter] 28/2/2024 15:43

After a lifetime in major civil engineering projects, I would just point out that bricks were (almost) never involved - so TW, which used to be Taylor Woodrow and Wimpey, two major civils contractors before they decided building lots of houses close together, with tiny rooms, was an easier way to make a profit, have little bearing on Costain.

[casholaa] 28/2/2024 14:26

I think that Government doesn't usually spend money on civil engineering until they are into their second year governing. Brickability also took a hit.

[roguemale1] 28/2/2024 14:21

TW is a housebuilder lads? No read across. The resi market is currently dead. All the resi boys will be well down but not the Civils.

[casholaa] 28/2/2024 13:52

I'm guessing that everything 'construction' is going to take a big hit this fy. TW is not the only one.

[izztre] 28/2/2024 13:48

This is being hit by the TW update today