Costain Share Discussion Threads

[rlivsey] 06/12/2018 00:05

Results are due soon, is it likely the market is expecting bad results and correcting the share price before they come out?

[sharw] 05/12/2018 13:59

Cerrito - I think one of the problems is that COST is still seen as a 'navvy' business - tarmac laying and rail tamping - whereas it has been shifting itself to the tech end of things.

As an example Rail is their largest sector and at the interims they said: "We are aligning our business development activity with the changing spend patterns of our clients. As an example, Network Rail announced a 25% increase in spending to £47 billion in Control Period 6, commencing next year, but has also indicated that spending will be targeted towards asset enhancement and the 'Digital Railway' rather than large capital projects. This common client trend is having a direct impact on the nature and scope of contracts within our quality order book".


Have a look at the interim presentation slides:

[cerrito] 04/12/2018 21:03

At the moment I have no COST shares having sold out 12/18 months ago.
Trying to work out why it is at the 350p level.
I have read the rationale that KIER used for its rights issues- ie need to pay suppliers more quickly and banks withdrawing credit to the construction sector but for me COST has a good financial structure. COST not involved in the outsourcing sector.
Perhaps there are alot of people like me who are in a funk on the UK political situation/ Brexit that reluctant to take on pure UK risk.
Anyone have views?

[rlivsey] 03/12/2018 19:49

Good answer thanks

[sweep stock] 03/12/2018 15:46

Rlivsey The million Dollar question. One thing is pretty certain Cost and many other depleted shares will be higher in 3/4 years time. I am topping up all my fallen shares as long as nothing has materially changed for them. Normally I wouldn't but Brexit and the automated trading systems that account for 70% of trades are having a field day. Depends on your timeframe. You either need to trade very short term or very long. Dead in the middle.

[rlivsey] 03/12/2018 13:06

My question is do I sell at a large loss or wait for potentially (likely) dropping further and then average down?

[getscenic] 11/11/2018 19:07

playing about with some screens today and COST popped up with :-

yield 3% plus; net cash 77m; pension in surplus; sales 3y CAGR 16.3% interesting

[qs99] 06/11/2018 11:51

drumming up a bit of support for NMD for those that like smaller ilk in this sector! Just a thought. DYOR but hitting new highs today..GLA

[rlivsey] 29/10/2018 13:09

• A £28.8 billion programme to upgrade England's motorways and other arterial roads, with a further £420 million for councils to repair potholes.

[rlivsey] 27/10/2018 17:33

That went well. Where is the bottom?

[rlivsey] 21/10/2018 21:35

Hope for a better week.

[sharw] 19/10/2018 19:29

I think it is seen as just another infrastructure contractor, but it isn't - it has been increasing its work on the technological edge as witnessed by Wednesday's RNS-R.

[rlivsey] 19/10/2018 18:56

I just find it strange, seems a solid company, good fundamentals. Not sure why the collapse

[rlivsey] 19/10/2018 11:31

No one posts on this board. No one to share the misery of purchasing this and watch it collapse.

[the_fiddler] 04/9/2018 13:16

Recovery play my ass. This is going south.

[the_fiddler] 04/9/2018 13:13

BS Share being pumped and dumped by the usual crew.

[ddubzy] 08/8/2018 10:47

Usual spike followed by reversal. Any news, broker upgrade??

[douglas fir] 07/8/2018 16:46

re-rating or.....?

[wsm812] 10/5/2018 07:58

Watching for a breakout here, the upper channel is being tested.

[optomistic] 01/3/2018 09:55

RR, Costain taking on Carillon contracts will be great as long as they are able to secure a good working margin, something it appears that Carillion may not have had.
Costain appears to me to be working on close enough margins already.

[chartsworth] 01/3/2018 08:22

Good solid set of results

[rogerrail] 15/1/2018 12:44

Carillion were Costains closest competitor at Network Rail last year, hopefully some of the work will transition to COST:

In 2016-17, Carillion received 5.1 per cent of Network Rail’s total spend on suppliers – that’s around £372 million – making it the infrastructure manager’s second biggest supplier after Costain

full list here

[cabreado] 20/12/2017 19:07

I wonder if this the peak for Costain... steady growth this year and feel like selling tomorrow.