We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 2.00 | 1.45% | 140.00 | 2,470,890 | 16:35:27 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 140.00 | 140.40 | 140.80 | 137.60 | 138.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Hghwy,street Constr,ex Elvtd | 1.25B | 30.6M | 0.1121 | 12.51 | 376.74M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:07:58 | O | 480,496 | 139.69 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 16/6/2025 | 10:48 | ALNC |  Costain announces share buyback amid pension progress, in line trading |
| 16/6/2025 | 07:00 | UK RNS | Costain Group PLC £10m Share Buyback Programme & H1 Trading Update |
| 09/6/2025 | 15:38 | UK RNS | Costain Group PLC Holding(s) in Company |
| 09/6/2025 | 07:00 | UK RNS | Costain Group PLC Heathrow Site Visit |
| 04/6/2025 | 12:17 | UK RNS | Costain Group PLC Costain awarded Anglian Water contract extension |
| 04/6/2025 | 11:50 | UK RNS | Costain Group PLC Holding(s) in Company |
| 02/6/2025 | 16:37 | UK RNS | Costain Group PLC Total Voting Rights |
| 02/6/2025 | 15:45 | UK RNS | Costain Group PLC Holding(s) in Company |
| 29/5/2025 | 12:19 | UK RNS | Costain Group PLC Holding(s) in Company |
| 28/5/2025 | 07:00 | UK RNS | Costain Group PLC Refinancing of Bank and Bonding Facilities |
Costain (COST) Share Charts1 Year Costain Chart |
|
1 Month Costain Chart |
Intraday Costain Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 16/6/2025 | 12:14 | Costain | 4,147 |
| 21/3/2025 | 22:13 | UNDERVALUED GOOD recovery play.. COSTAIN | 6,510 |
| 21/8/2024 | 10:33 | Rishi Sunak's National Infrastructure Strategy for Ј100 billion of long-term inv | 7 |
| 17/4/2020 | 14:35 | COSTAIN - PE of 2 | 8 |
| 24/4/2013 | 08:47 | *** Costain *** | 13 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 17:36:56 | 139.69 | 480,496 | 671,204.86 | O |
| 16:07:58 | 140.00 | 34,500 | 48,300.00 | O |
| 16:00:17 | 138.30 | 250,435 | 346,347.47 | O |
| 15:36:38 | 140.02 | 205,853 | 288,227.42 | O |
| 15:35:27 | 140.00 | 146,962 | 205,746.80 | UT |
| Top Posts |
|---|
Posted at 17/6/2025 09:20 by Costain Daily Update 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 138p.Costain currently has 272,998,475 shares in issue. The market capitalisation of Costain is £382,743,862. Costain has a price to earnings ratio (PE ratio) of 12.51. This morning COST shares opened at 138p |
Posted at 30/4/2025 11:01 by boystown Another write-up on Master Investor. I don't sub so can't post the whole thing. FWIW, I think c.160p to be a fairer price as I think big contractors are extremely wary of messing up on wafer thin contracts as in the past.Anyway, here's the intro section: -- Costain Group – Do Not Let This One Pass You By! Despite the recent market mayhem, this infrastructure group’s shares have been edging higher. Gradually the shares of the £302m-capitalised Costain Group (LON:COST) have been edging higher of late, and that is despite what has been going on in the equity markets generally. The group will be holding its AGM on Thursday 15th May, ahead of which I anticipate that the company will issue a positive Trading Update. I remain totally convinced that this group’s shares are substantially undervalued at the current 110.50p and offer some very significant upside in price... |
Posted at 16/4/2025 17:57 by sun1950 No if they had a billion in the bank that would be worth £4 a share but the market at the moment doesn’t seem to include the cash at bank if it did then I’m sure the price would be higher. At the year end it will be worth about 70p I wish that was on top of say 7x eps but the market isn’t working like that the share price will drop 2p tomorrow as it goes xd but todays increase is very welcome. The real question is why some in the sector sell at 10x eps whilst Costain sells at 7x. I think the market is underestimating the eps for the current year I think they could be 16p or 17p so to me the price should be higher than today and hopefully a trading update would make the market revalue the company. I worked for a ftse 100 company and learned from brokers that info is very important and regular updates make a difference to brokers and shareholders. |
Posted at 16/4/2025 11:43 by sun1950 Just comparing share price performance is interesting shares in the sector are generally up over the last week GTRY, MSINDALL and Kier all up 3% whilst Costain is less than 1% the difference is even more over a month GTRY up 10% MSINDALL up 15% Kier up 8% whilst Costain was 106p a month ago. I just wonder why when a hedge fund has over a 5% holding (as does Kier) you would have thought that would give a little impetus to the price. It would be nice if the price kept up with others in the sector. |
Posted at 11/4/2025 11:51 by sun1950 The share price is disappointing it seems that the price will only move after company announcements and the eps ratio won’t increase so the price will only increase if the eps increases so if the eps is 14p x 7 ratio = 98p. If the eps this year is 15p x7 =105p so in a years time the price will increase by 7p hardly worth waiting for and that is subject to any market conditions if you think that the price has a 2p divi included then unless the market values these companies on a higher ratio this price could stagnate for some time. Increasing margins is the key to eps and the company needs to keep increasing this and keep shareholders informed on a regular basis. |
Posted at 14/2/2025 10:21 by kktj From HL -Berenberg starts Costain at 'buy' (Sharecast News) - Berenberg initiated coverage of construction and engineering group Costain on Friday with a 'buy' rating and 140p price target. It said the company has overcome its recent challenges, as it improves both its profitability and its free cash generation, and it has strengthened its balance sheet, to the extent that in 2024 it was able to buy back shares for the first time in at least the past 10 years. It pointed to a pipeline of revenue opportunities. Berenberg said there are significant infrastructure spending commitments in the coming years that it expects to benefit Costain. "That it ended FY 2024 with a forward work position of £5.4bn, £1.5bn higher than the previous year, suggests the company is capitalising on these opportunities," it said. "A strong order book not only underpins future revenue but should also enable greater discipline in contract selection and help Costain to pursue only those contracts with acceptable terms." With this in mind, the bank said its base case is for group revenue to be broadly flat in the coming years, with growth in the Natural Resources division offsetting lower revenue in the Transportation division. Berenberg also highlighted improving margins and reduced exceptionals. "Earnings growth will, in our view, be driven by improving margins and fewer exceptionals," it said. "We expect margin growth to be driven by a combination of more higher-margin digital and consulting work, and the ending of older, lower-margin contracts." It said improved controls were implemented in 2022 and should limit exceptionals. It pointed out that management expects to achieve its target EBIT margin run-rate of 3.5% during FY 2024 and is targeting 4.5% during FY 2025 and more than 5.0% beyond that. "These margins are not included in our base case, but we expect a circa 30% incremental benefit to EBIT if they are achieved." Berenberg also cited the company's balance sheet strength, cash generation and the prospect of further returns. "Costain's improving free cash flow profile will, in our view, enable it to grow its net cash balance, give the business optionality on further investment, and allow for further shareholder returns," it said. "We believe Costain should make balance sheet strength an absolute priority, but we nonetheless expect its strong free cash generation to allow for further shareholder returns." Finally, the bank said the stock's valuation is "undoubtedly cheap", trading at 7.3x FY 2025 price-to-earnings, 1.8x EBITDA and 2.4x EBIT, with an 11.4% free cash flow yield. |
Posted at 26/1/2025 16:53 by willie99 I fully agree DB. A 20% drop in one month, when we have been in a rising uptrend since June 22, deserves a response from the company. GFRD and KIE have both issued trading statements in recent weeks, and their share prices have faired far better than Costain’s.I think Costain management forget that the shareholders own the company, and they deserve to be informed on the performance of the company at regular intervals, particularly when the share price falls dramatically, for no obvious reason. Come on Costain…please improve the comms to your loyal shareholders. |
Posted at 23/8/2024 12:14 by mirabeau Stockwatch: serious upside potential at this small-capAnalyst Edmond Jackson examines a firm set to benefit from the UK’s strong infrastructure outlook. 23rd August 2024 11:41 by Edmond Jackson from interactive investor Share on Related Investments COST 0.10% KIE 0.13% Upside for this share 600 Can talk from the management of Costain Group COST 0.10% about doubling its operating margin to around 5% be taken seriously? It is the crux for the small-cap shares in this infrastructure group serving transportation and resources – especially water industries. Since I drew attention as a deep value “buy” at 50p in March 2023, following better-than-expected 2023 results, the stock has doubled to 105p. I re-iterated “buy” at 53p last August after interims and at 72p last January. The market appeared over-cautious – a 12-month forward price/earnings (PE) multiple as low as five, that has risen to about eight times – despite Costain being strategically well-positioned as Britain tries to improve infrastructure. Invest with ii: Top UK Shares | Share Tips & Ideas | What is a Managed ISA? This new Labour government is fiscally constrained yet infrastructure spending is going to be a key element in its electoral pledge to deliver growth. Today brings news that it is seeking to adjust the measure of national debt, so that investment spending is not included. The stock has climbed a wall of worry, how big infrastructure projects can end up in over-spend and acrimony. Over five years ago, Costain’s A465 road project in Wales ended up two years late amid engineering and contractual challenges. There was then the disruption of Covid. Costain’s CEO since May 2019 contends that there is nowadays a broader customer and service mix. Financially and also limiting downside risk, I note the 30 June balance sheet was absent of debt and had net tangible assets of 65p a share. Achieving this was helped by a May 2020 issue of 167 million shares at 60p, the current total being 278 million. In which case, the five-year chart suggests Costain has effectively just regained its February 2020 value: Five-year chart for Costain Source: interactive investor. Past performance is not a guide to future performance. In 2018 it traded over 400p hence 200p or so nowadays would mark recovery to the old high. Scope to re-rate margin is the crux issue going forward The table since 2017 shows the highest achieved – in terms of reported operating margin – has been 3.0% and for this score I have looked back to 2012 when it was 1.8%, rising to 2.5% in 2013. This is quite as you would expect in a competitive tendering industry. Peer group Kier Group KIE 0.13% , for example, similarly had its best operating margin in its June 2018 year at 3.1% and, since Covid, has managed to deliver only 2.4%. Costain Group - financial summary year end 31 Dec 2017 2018 2019 2020 2021 2022 2023 Turnover (£ million) 1,684 1,464 1,156 978 1,135 1,421 1,332 Operating margin (%) 2.8 3.0 -0.3 -9.4 -0.8 2.5 2.0 Operating profit (£m) 47.5 43.4 -2.9 -91.8 -9.5 34.9 26.8 Net profit (£m) 33 33 -2.9 -78.0 -5.8 25.9 22 Reported EPS (p) 27.1 26.8 -2.4 -36.7 -2.1 9.4 7.8 Normalised EPS (p) 27.1 35.2 16.1 -31.2 -2.1 9.8 8.5 Operating cashflow/share (p) 42.8 -39.2 -26.5 -22.1 10.7 5.1 19.7 Capex/share (p) 1.7 1.1 5.7 1.9 0.8 0.2 0.0 Free cashflow/share (p) 41.1 -40.3 -32.2 -24.0 9.9 4.9 19.7 Ordinary dividend per share (p) 12.4 13.4 3.4 0.0 0.0 0.0 1.2 Covered by earnings (x) 2.2 2.0 -0.7 0.0 0.0 0.0 6.5 Return on total capital (%) 19.8 17.5 -1.3 -41.1 -3.8 14.9 11.4 Cash (£m) 249 189 181 151 159 124 164 Net debt (£m) -178 -119 -34.9 -70.8 -93.2 -94.3 -140 Net assets/share (p) 129 151 129 56.9 72.4 76.8 79.3 Source: historic company REFS and company accounts Costain proclaims it can raise operating margins towards 5%, hence would transform profit on, say, £1.4 billion revenue – considering there is no interest charge, instead, net interest from £166 million cash. The capitalisation around 105p currently is £290 million. Care is needed swallowing such a claim, given management will be talking of an adjusted, not reported, margin; although Costain also says it is expecting exceptional and restructuring-type charges to tail off in 2025. For now, the latest interims to 30 June proclaim an adjusted margin of 2.5%, while the income statement computes at 2.2%, hence no major discrepancy. Within the two main divisions: transportation-relat More upgrades for ‘too cheap’ projects firm Stockwatch: four stocks to back a UK building boom The financial summary table shows scant capital expenditure required over the years; but implicitly something radical needs to happen within administrative expenses that eased from 5.0% of 2023 interim revenue to 4.8% in 2024. How practical is it, to grind them materially lower? Competitive pitching on contracts’ price is not going away, unless Costain can demonstrate more effective work, worth paying more for. Government and utilities seem likely be price-conscious. Yet Costain’s CEO has put his neck on the block, saying he can nearly double the group operating margin. Mind, his referencing a 3.5% margin this year means the run-rate – which could imply exiting 2024 at such a level, than delivering with the annual results. The dynamics of Costain’s income statement are such that a reported interim net profit of £13.5 million can be outstripped in the second half, hence £30 million or more, plenty achievable for the full year. In which case, earnings per share (EPS) around 12p with scope to double by 2026 if the CEO delivers on margin. If realistic, this share is on a mid-single-digit forward P/E like it was around 50p. Not to fret overly on margin but make clear, buyers on such hope are trusting management. ‘Strategy of the past years has built momentum’ Again, is the CEO’s pitch versus interim group revenue easing 4% amid a small fall in the main transportation side versus growth in natural resources. Such a contractor is always going to be “lumpier&rdquo He contends, a significant volume of high-quality work has been secured in the first half and the group order book is three times revenue. In a presentation he has hinted at more announcements due in the second half. Over £500 million work has been awarded from the water industry in the last two months, and this sector is seen as offering the best growth opportunity over the next few years. Indeed, public controversy persists over water quality, sewage spillages and so on, with utilities under pressure – from the new government also - to improve. Sign up to our free newsletter for share, fund and trust ideas, and the latest news and analysis UK stocks backed after ‘remarkable&rs Water giant backed to keep dividend afloat This helps counter concern over how Labour’s new chancellor has axed some infrastructure projects after a spending audit located nearly £800 million unfunded transport projects. After experiencing cancellation on parts of the HS2 rail link, in 2022 Costain won £60 million work for the £1.7 billion road tunnel under Stonehenge – now put on hold. This is modest, however, in context of a £4.3 billion order book which has moved on from risky fixed-price construction contracts. Modest dividend yield albeit £10 million share buyback scheme It appears that buybacks to March 2025 are an alternative means of delivering shareholder return than materially raising the dividend, where a parity arrangement exists with contributions to the pension scheme. From a question at the interim results’ presentation, the chief financial officer said this parity matter will be reviewed next March, but hopefully will not persist and the board considers it very important to return to a progressive dividend policy. Meanwhile, it looks as if earnings cover for the dividend could end up as high as 10x this year alone – so if the operating margin is raised then dividends over 5p a share (as in previous years but respecting dilution) would provide a more material yield in due course. With a robust cash flow profile (albeit interim net operating cash flow down 20% at £14 million) management says it is also seeking acquisitions. If proving attractive then they ought to help sustain interest in the stock besides contract wins. Shifts from ‘deep value’ to a more speculative ‘buy’ Costain’s financial profile has overall become less risky and I regard the stock as at least a strong “hold”. In a relatively tight market, it has been teased up from an 80p range since last spring to a week ago, as buyers react to upside potential towards 150p and more – if operating margins around 5% can be delivered. On an enterprising view I maintain a “buy” rating; but please respect that this involves an aspect of speculation rather than a disciplined investment approach based on “margin of safety”. Edmond Jackson is a freelance contributor and not a direct employee of interactive investor. |
Posted at 09/5/2024 19:48 by someuwin Costain selected by Thames Water to upgrade key treatment sites9 May 2024 * Upgrade to sewage treatment works will transform the lives of local communities in Sandhurst and Selborne. Costain, the infrastructure solutions company, has been awarded a design and build contract with Thames Water to upgrade two strategic treatment assets in Sandhurst, Berkshire and Selborne, Hampshire. The award, valued at more than £5m for the two sites, will see Costain support Thames Water’s upgrading of wastewater treatment assets as part of its Wastewater Asset Assurance Programme (WAAP). The schemes are the first that have been awarded to Costain as part of a wider investment programme for sewage treatment sites (STWs). This could see up to 25 similar projects allocated to Costain to create cost-efficient infrastructure solutions for Thames Water. The planned construction will involve implementing flow monitoring technology to validate flow-to-full treatment for wastewater before it is discharged, upgrading the existing screening operations at the inlet station, improving storage tank capacity and revising the storm return pumping systems. The work will improve the ability of both sewage treatment works to treat the increasing volumes of incoming sewage, reducing the need for untreated discharges in wet weather. The schemes are due to complete in 2025. Thames Water is currently undertaking its largest ever upgrade of sewers and STWs, with plans to improve more than 250 sites in the coming years as part of a £1.12bn investment in its wastewater sites. Gerard Shore, water director at Costain, commented: “Thames Water is investing in river health and has a clear plan to upgrade hundreds of treatment plants across the region. This will have a transformative impact on the lives of residents and local communities. We know we can add considerable value by identifying further opportunities at the outline design stage to maximise efficiencies for the upgraded treatment infrastructure. This will help ensure that these assets are fit for purpose for the long term.” Andrew Popple, director of delivery at Thames Water, added: “We have an excellent track record of working with Costain and we are looking forward to collaborating with them once again for this work. We operate in a changing environment, with a population that is growing in many areas, so we continually monitor the potential need for upgrades at our STWs.” The news follows Costai |
Posted at 23/4/2024 18:44 by mirabeau Bullish IC article from Feb 2024 --- How Kier and Costain are thriving as rivals fail More construction companies went bust last year than in any other industry, but some shares are soaring - Lack of exposure to residential projects has helped - Both struggled during the pandemic but have shored up their balance sheets More construction companies went bust last year than in any other sector for the third year running, but most of the major listed contractors continue to thrive. Some 4,370 construction companies entered an insolvency process in the year ended November 2023, equating to 17 per cent of all UK corporate insolvencies, according to an analysis of Insolvency Service data by accountancy firm Mazars. “There are now on average a dozen building companies going under every single day in the UK,” said Mark Boughey, a restructuring services partner at the firm. Small and medium-sized contractors said workloads declined by 15 per cent last year and almost half reported a fall in new enquiries, the Federation of Master Builders said. However, contractors at the top end of the sector are flourishing, though, with most listed operators recording share price gains that comfortably outperformed the market. Kier’s (KIE) shares are up 82 per cent over the past 12 months. Shares in Costain (COST) are up 55 per cent, Galliford Try (GFRD) 47 per cent and Morgan Sindall (MGNS) 31 per cent. Only Balfour Beatty (BBY) has been a laggard, with its shares trading 8 per cent lower. Jefferies analysts highlighted investor concerns about a slowing US construction market and cancellations to future work from HS2 as factors for this. In general, listed contractors’ lack of exposure to the UK’s moribund residential new-build market has been a bonus. Output in private housing shrank by 19 per cent last year and is set to contract by a further 4 per cent this year, according to the Construction Products Association. Over the past decade, the likes of Kier, Costain and Balfour Beatty have switched their domestic focus much more towards delivering large infrastructure projects. The high-profile failure of Carillion in 2018 and Interserve a year later means this is a less crowded field and contract terms for this work are more industry-friendly. It is typically done on a ‘cost-plusR “You’ve got arguably less of the more ill-disciplined players left because the likes of Carillion have gone bust and the ones that remain are just managing that whole risk, contract appraisal and bidding process a lot better,” said Aynsley Lammin, an analyst at Investec. According to Balfour Beatty’s most recent annual report, only 10 per cent of UK construction work is carried out under a fixed-price contract, compared with 50 per cent in 2018. This isn’t a luxury afforded to smaller firms, and in many cases risk is “passed down the supply chain”, Boughey said, with tier two and tier three suppliers often tied into fixed-price contracts. “They don’t seem to have much bargaining power with the main contractors,” he said. Firm foundations The other major factor behind listed contractors’ rerating has been balance sheet strengthening. Kier had been in a precarious position even before the pandemic and undertook two rights issues between 2018-2021, raising over £500mn and offloading non-core businesses in a bid to stay afloat. Shareholders understandably took flight, and it’s taken a couple of years of significantly improved trading and debt reduction to tempt them back. Average month-end net debt fell from £582mn in 2021 to £232mn last year and last week the company announced plans to refinance its remaining debt through a £250mn bond issue. The five-year notes offered an interest rate of 9 per cent and attracted a BB+ rating from Fitch. The ratings agency said that 60 per cent of Kier’s contracts have pass-through clauses, allowing for costs to be recouped. Costain also had to complete a £100mn rights issue at the height of the pandemic in March 2020 at a time when its revenue and profits were plummeting. It has also had to rebuild trust – when we featured the company in our ideas section in September 2022 its shares were so lowly rated that the company was only valued at around half of its net assets. Even after their recent upgrade, they are valued at just six times forecasted earnings. Lammin said Costain has made “good progress” on improving profitability, with the company’s adjusted operating margin edging up to 2.3 per cent at the half-year and a roadmap in place to bump this up above 5 per cent. “If you believe in the sustainability of those structurally higher margins as they deliver them and a less risky balance sheet, then [Costain] looks very, very cheap,” he said. [But] they’ve got to convince the market the improvements they’re making are sustainable.” The government’s Infrastructure and Projects Authority (IPA) updated its project pipeline last week and acknowledged that a 40 per cent increase in construction prices since January 2020 meant project owners had been forced to “reset expected outputs to remain within approved budgets”. However, the IPA said there were still £164bn of investments planned by the end of the next fiscal year, adding that £700bn-£775bn of work needs to be done over the next decade. Whether all of this gets commissioned (or how quickly) will play a big part in listed contractors’ fortunes in the coming years. end |
Posted at 22/4/2024 08:17 by someuwin Share tip: Costain is building itself up againBuilder is leading the resurgence in the construction sector Lucy Tobin Sunday April 21 2024, 12.01am, The Sunday Times "The construction sector is picking itself up out of the rubble. Last year, more building companies went bust than in any other industry — a record 4,400 collapsing due to supply chain disruption, high material prices and labour shortages. The larger players stayed the course — most had improved their risk calculations after the liquidation of rival Carillion and Interserve’s rescue by its lenders. Now, more stable interest rates, easing inflation and more contract tendering are boosting construction’s appeal. The City has noticed, to an extent: Kier and Costain’s shares are 20 per cent higher than at the start of the year; Balfour Beatty and Galliford Try are up about 7 per cent. But they’re still a long way from their past peaks. Costain, for example, is now trading at 75p, less than half its pre-pandemic share price of 194p, while back in May 2019, its shares changed hands for £3. Since then, the firm, founded in Liverpool in 1865 has been punished for booking expensive charges for badly priced energy and road contracts, and diluted by a £100 million rights issue at the start of the pandemic, required to secure the balance sheet. But Costain is a vastly improved outfit from the housebuilder it was long ago. It has been transformed into an infrastructure contractor with tentacles in many a sector. It works with most of the major water suppliers on pollution-kerbing upgrades, with National Highways, Transport for London and National Rail, on the government’s contracts to decommission first-generation nuclear sites, and in defence. Costain looks poised to benefit from the UK’s likely Labour-led investment in more infrastructure projects. As Joe Brent, head of research at Liberum, explained: “We are optimistic about the outlook for infrastructure and believe Costain is the purest trade on this theme.” Last month, the firm posted a 10.5 per cent rise in adjusted operating profit to £40 million for 2023. This year, more than 80 per cent of its revenues have already been booked. Chief executive Alex Vaughan pointed out that the value of this is about three times last year’s earnings. This confidence helped Costain bring back its annual dividend. Its cashflow is smoother due to recent cost-cutting tinkering: for example, its pension fund contributions were dramatically slashed following a review last year. Net cash stands stronger at £164 million, from £124 million a year ago. The relatively small gap between those cash reserves and Costain’s £217 million market capitalisation hammers home its good value. Of course, the firm remains vulnerable to the ebbs and flows of contract-awarding mandarins, as has been seen with HS2. But analysts predict its pre-tax profit will exceed £52 million next year, and Costain’s shares are trading on just five times earnings for this year. It has a packed order book of blue-chip customers and has rebuilt its reputation: Buy Costain." |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
