Costain Share Discussion Threads

[this_is_me] 20/8/2024 14:36

The 90p was a resistance level back in 2020. Next pause on the chart £2!

[muckshifter] 20/8/2024 06:54

Yes, that was what I was thinking Roguemale1. The future workload looks reliably profitable with the announced framework deals etc, and this year Perhaps profits will reach £35m which would make a doubling of dividend and the consequent doubling of payment into the pension scheme cost a total of about £13m?, and leave a reduced "compulsory" pension contribution for the next three years regardless of the pension fund's valuation. Perhaps they could get rid of the restriction faster than via the agreed timetable.

[roguemale1] 20/8/2024 06:28

Well I would have thought that with HS2 rinsing us all he would have enough extra over bunce to be able to sort it but lets see. Fingers crossed for tomorrow.

Meanwhile James the Engineer is free of Keltbray and piloting a new ship....all to play for IMHO.

[dickbush] 19/8/2024 20:17

I am enjoying the share price but, like you, Roguemale1, I think the share price is capped because the deal with the pension fund means a low dividend/yield until that deal changes. That may require a bidder.

[roguemale1] 19/8/2024 16:58

92 on the UT...nice!

[ttny2004] 19/8/2024 14:56

Seems to be some strength in share price leading up to results on Wednesday

[ttny2004] 16/8/2024 12:03

The award is for an initial seven-year term worth at least £500m to Costain, with an option to extend by up to five years.Quite a substantial amount that is why.Think they want to create some momentum going into results. Fact that they are holding first investors presentation day after results expect these to be good and start of next leg up.Let's see next. Not ling to wait.Will we finally get about 100p.

[casholaa] 16/8/2024 11:37

I don't understand why they suddenly decided to start releasing news of a contract so close to the HY???

[johndoe23] 16/8/2024 10:58

Bullish if closes above 89p

[roguemale1] 16/8/2024 09:29

MCap peaked 2017 464m, 178m nett cash. ie about 160 in todays price.
Around the 140 mark average for the last 3 decent years.

Broadly most metrics are likely to be back where they were this year, with the exception of the divi which is tied to the pension position.

I think until something is said about that we are capped... imho.

[this_is_me] 16/8/2024 09:01

Nothing goes up in a straight line, but it is still onwards and upwards for the share price. Prospects continue to improve.

[owenski] 16/8/2024 08:59

As a very rough calculation, the contract probably adds over 3m per year profit to the bottom line for 7 years.
Stripping the large cash position out (some of the cash is held in escrow), Costain's business is valued at just north of c120m.
Would think as a recovery situation it's worth a lot more than this.

[sasbod] 16/8/2024 08:59

Surely were on for a material updating on the years forecast, this should be trading 120+

[mirabeau] 16/8/2024 08:31

Costain and MWH Treatment joint venture CMDP+ wins AMP8 framework with Southern Water



Win marks Costain's latest major AMP8 award for 2024





Costain Group PLC ("Costain") announces that its CMDP+ joint venture with MWH Treatment has been selected by Southern Water to shape and deliver its next strategic asset upgrade programme.



The award is for an initial seven-year term worth at least £500m to Costain, with an option to extend by up to five years.

CMDP+ has successfully secured a place on two Lots of the new Strategic Delivery Partner framework, and the joint venture continues the long-standing relationship between Costain, MWH Treatment and Southern Water. The framework will deliver upgrades to water and wastewater assets, including treatment sites, pumping stations and reservoirs, during Asset Management Period 8 (AMP8) and beyond. Southern Water expects that its AMP8 programme, which runs from 2025 to 2030, will be the largest it has ever undertaken.

Costain has worked successfully with Southern Water through every asset management investment period since 2000.

Alex Vaughan, CEO, Costain, commented: "This AMP8 announcement builds on our growing positions with the leading water companies as they prepare for a nationally important period of record investment.

"This framework marks three decades of delivering industry leading essential solutions for Southern Water. Through our successful joint venture with MWH Treatment, we will upgrade water and wastewater services for Southern Water and its customers, safeguarding the environment, and securing water supplies across the region; as well as creating new jobs and added social value."

Enquiries:

[pinemartin9] 15/8/2024 12:57

Interesting price action today

[grahamburn] 12/8/2024 09:38

Meetings for analysts are on the same day as results, but meetings with retail investors through InvestorMeet are often a day later - or even a few days.

[ttny2004] 12/8/2024 05:37

Also, note that there is a H1 Results Investors Update meeting on 22nd Aug 2024 at 10:00am BST, which is interesting that it is one day after the results are announced according to Costain's investor relations Web site. Normally same day.

[ttny2004] 12/8/2024 05:27

We have Costain's H1 results on Wed 21st August. It will be interesting to see progress and forward looking statements. 4 analysts covering.High 104p, Average 94.8p, be interesting to see whether after H1 results enough to lift us permanently into the 90s and beyond, and start the rerating process.

[catabrit] 05/8/2024 10:13

It is overdone and is disproportionate vs peers. Suggests that some of the money coming into it has been flighty or catalyst based. That said, things could get quite nasty and one must always think about opportunity cost. The sell off could represent a great opportunity for investors to upgrade their portfolios.

[sun1950] 05/8/2024 10:01

A near 10% fall seems overdone to me

[chris magpie] 01/8/2024 15:36

Shame about A303 Stonehenge Costain have been trying to get this over the line for over 30 years.

[roguemale1] 01/8/2024 11:52

Not aware of any brewing disasters..if anything I'd expect a good lump coming in to next figures from HS2.
I think until the pension vs divi standoff is sorted we're not moving...

[blackhorse23] 30/7/2024 12:59

Labour is cutting down budget

[pinemartin9] 30/7/2024 10:37

Something brewing? Pegged to 90p.

[phg87] 29/7/2024 14:45

It has a string resistance here if you are interested in charts looking back at 2020. That it's not bounced away and hanging around it may mean consolidation (but could be wrong).I'm happy to hold around here to see how we do until results (unless something super bad comes out. But O have been wrong many times before, so the usual DYOR applies.