Costain Share Discussion Threads

[pinemartin9] 12/3/2024 08:07

Perfect for BritISA...well done all.

[hamhamham1] 12/3/2024 08:04

Still can't buy any here.
Anyway. Once available. These results mean it's not a case of a spike and fade, this with keep getting bought on weakness IMO

[chriss911911] 12/3/2024 07:46

Very good, the cash and margins are much better than expected, will be interesting how this evolves over the day, but I think much more interesting over the longer term !

[this_is_me] 12/3/2024 07:40

Definately no longer a basket case. Prospects of increasing margins, profits and dividends over the next few years.

[dickbush] 12/3/2024 07:37

Great results with Adjusted eps of 12.2p v 10.8p expected. No doubt ADVFN (and others) will calculate its p/e on Reported eps. However, exceptional costs expected to be only £5mil this year and zero in 2025. So, valuing it from its Adjusted eps base makes more sense to me. Note the 3.8% operating margin in the 2nd half and confirmation of a 3.5% target for this year and 4.5% for 2025. On an unchanged Revenue for 2025 (who knows) that suggests strong growth in Operating Profit and eps this year and next.

Dividend right where I expected. Should see strong growth in that, too.

[gswredland] 12/3/2024 07:37

Great update!

[cestnous] 12/3/2024 07:22

More than Happy with those results

[someuwin] 12/3/2024 07:14

Looks fantastic.

[hamhamham1] 12/3/2024 07:12

TBH, any takeover shouldn't be below 150p IMO.
And that 150p is where the share price should get to on its own legs over next 24 months anyway.

[hamhamham1] 12/3/2024 07:02

Maybe your 100p today will come :)

[hamhamham1] 12/3/2024 07:02

- Adjusted operating profit1 up 10.5% to £40.1m (FY 22: £36.3m) reflecting mainly increasing volumes and margin in Natural Resources and resilient performance in Transportation. Reported operating profit of £26.8m (FY 22: £34.9m), after costs of repositioning digital services in H1 23 and our Transformation programme.

· Net cash2 balance increase of £40.6m to £164.4m (FY 22: £123.8m), with adjusted free cash flow3 of £72.0m (FY 22: £72.9m).

· Adjusted operating margin of 3.0% for FY 23 (FY 22: 2.6%), with H2 23 adjusted operating margin of 3.8% (H2 22: 2.9%). On track to meet margin targets during FY 24 and FY 25 of 3.5% and 4.5%.

· Adjusted EPS up 23.2% to 12.2p (FY 22: 9.9p) driven by net cash position and adjusted operating profit increase, with reported EPS of 8.1p (FY 22: 9.4p) reflecting adjusting items.

· High quality forward work4 position of around three times FY 23 revenue.

· Proposed final dividend per share of 0.8p making a full year dividend of 1.2p (FY 22: 0.0p).

[hamhamham1] 11/3/2024 18:27

Central Banks interest rates gonna drop soon, govs can't afford to pay their debts at these levels, so they will be bought down, by hook or by crook.

[hamhamham1] 11/3/2024 18:24

The pension deficit is under control, only paying 3.3m a year for a few years to plug it, it was at 97% last year, would imagine with markets and interest rates where they are now, the deficit will melt away.
Still, they could just plug it in one hit out of the 150m+ they got in the bank, am sure its only about 10-11m deficit?
Anyway, the books look good here, personally a takeover for 100-110p could well happen over next 12 months.
Let's see, GLA

[casholaa] 11/3/2024 18:18

100p would be nice too :)

[hamhamham1] 11/3/2024 18:06

75p tomorrow morning would be nice :)

[casholaa] 11/3/2024 12:34

Don't they get enough money off us???

[roguemale1] 11/3/2024 12:13

All depends on the pension fund contribution...it should be there but for that

[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 !