Costain Share Discussion Threads

[elsa7878] 09/9/2019 21:26

Clearly not Buywell but perhaps he’s a contrarian indicator...

[william7093] 09/9/2019 16:25

Somebody buying here today

[buywell3] 08/9/2019 18:15

HS2 is about to get suspended as buywell said , costs out of control




Sunday 8 September 2019

Boris Johnson hatches plan to devolve rail power to the north

[buywell3] 08/9/2019 18:11

Andrea Leadsom calls for halt to HS2 works
Telegraph.co.uk-21 hours ago

7th Sept 2019

Boris Johnson reiterated his support for the Northern Powerhouse Rail (NPR) scheme and said he was committing £9bn - a "serious slug of money" - to the route between Leeds and Manchester which would cut journey times from 50 minutes to less than half an hour.



Which will NOT be HS2

[cerrito] 05/9/2019 19:13

A reminder that you have to be careful about what you read.
I got an email edition today of Master Investor which had an article on Costain.
I was surprised to read about Costain International activity.
As per the latest AR revenue ex UK and Spain in 2018 was nil and £4m in 2017.

[podgyted] 03/9/2019 13:46

HS2 delays

[sbb1x] 28/8/2019 07:11

Looks like the chancellor about to announce a shed load of work that could benefit kie, bby and cost

[buywell3] 25/8/2019 13:25

buywell has posted on here at length that he thinks HS2 will get taken off the table by Boris

Now it appears that the Serious Fraud Office (SFO) is involved


Serious Fraud Office probes HS2 contracts: Troubled rail scheme in ...
Daily Mail-12 hours ago
The Serious Fraud Office is probing the HS2 project after being handed a bombshell dossier


25th August 2019

Serious Fraud Office probes HS2 contracts: Troubled rail scheme in new crisis over whistleblower's 'lethal' dossier

Investigators are understood to be examining allegations of corruption

They are also examining claims that some homeowners and businesses may have been swindled out of large sums of money

The probe has sent shockwaves through the Department for Transport

[bamboo2] 23/8/2019 14:45

The CEO says...

...We have launched our new 'Leading Edge' strategy which places greater emphasis on leveraging the Group's strong blue-chip client relationships, and reputation for complex programme delivery, through an accelerated deployment of higher margin services...blah blah blah...

I have direct knowledge of one significant 'client relationship'.

My contact says that COST are cutting staff numbers in an attempt to show a profit. This has led to a very stressful and difficult time for all involved. I can't share any detail.

It says to me that either CEO doesn't know what is really happening on the ground or is lying.

[grahamburn] 21/8/2019 17:49

Don't see much comparison between Renew and Costain - the former is primarily in maintenance of infrastructure, the latter tends towards constructing it.

[ch1ck] 21/8/2019 17:12

Massive rise on good volume. A classic buy signal this has legs

[rogerrail] 21/8/2019 15:54

Still think fall is way overdone, prospects for growth next year seem as good as peer Renew holdings , so should be at least £2.50 even taking account of the level of additional risk attached to COST.

[babbler] 21/8/2019 14:07

fines will be paid to them. Most gov contract have cancellation clause

[markycrispy] 21/8/2019 11:01

That is true there is an awful amount of money already spent on HS2 but it is certainly in the balance as I said earlier I would t over expose myself to this share but at these prices a good risk/reward holding for the longer term portfolio

[cerrito] 21/8/2019 10:44

Thanks for that on the HS2 review, markycrispy. This will be a cloud over the share price for the rest of the year and perhaps beyond given possibility of a new government.

[markycrispy] 21/8/2019 10:30

HS2: Review to examine costs and benefits of rail project https://www.bbc.co.uk/news/uk-politics-49420332

[markycrispy] 21/8/2019 09:16

I am going to be holding mine long term and hopefully enjoy those dividends for years to come.I visit Costains on a regular basis and it is certainly a dynamic changing company but there are no guarantees and have a sensible amount in my portfolio

[babbler] 21/8/2019 08:49

Nice one to hold for back over 2 quid imo

[markycrispy] 21/8/2019 08:29

Interim DividendIn line with the Group's dividend policy, the Board has declared an interim dividend of 3.8 pence per share (2018: 5.15 pence per share). The dividend will be paid on 18 October 2019 to shareholders on the register as at the close of business on 13 September 2019.The Board recognises the importance of regular dividends to shareholders and the Group will continue to target dividend cover of around 2.5 times underlying earnings. The Board is committed to growing the dividend in line with earnings over the medium term.

[cheshire man] 21/8/2019 08:21

Happy to have held onto COST very pleased with results and a good reaction with the sp

[sbb1x] 21/8/2019 08:20

What eid they say about the dividend...

[cerrito] 21/8/2019 08:06

I agree a good set of results and early share price increase makes sense.
Dividend payment sensible and decision to pay their suppliers more quickly caught my eye.