Costain Share Discussion Threads

[gooner1886] 15/4/2020 12:20

Fair play babbler

[babbler] 15/4/2020 12:18

I've sliced now running free. Can relax.

[orchestralis] 15/4/2020 12:13

Mcap only 100m

[gooner1886] 15/4/2020 12:10

Be nice to get over a quid today failing that before the weekend

[babbler] 15/4/2020 12:09

Boomtastic

[babbler] 15/4/2020 12:02

Auction..Watch for £1 sellers soon.

[gooner1886] 15/4/2020 12:01

Coz its still cheap :-)

[ammu12] 15/4/2020 11:59

Why are they paying me 90p now

[ammu12] 15/4/2020 11:50

Can't buy wtf

[tomboyb] 15/4/2020 11:49

100p plus coming -

[ammu12] 15/4/2020 11:47

Won't let you buy lol

[babbler] 15/4/2020 11:41

Lol. Broker is short.

[imastu pidgitaswell] 15/4/2020 11:39

They didn't struggle on the way down...

[ammu12] 15/4/2020 11:28

MMS struggling a bit here...

[gooner1886] 15/4/2020 11:02

Totally agree mate

[ammu12] 15/4/2020 11:00

Nothing guaranteed with any company on Ftse...

[imastu pidgitaswell] 15/4/2020 10:59

Absolutely - been watching for a while, and bought last week (and posted it!). This is either going to increase 5-10 fold or go bust - rather than a quick 20% (although more than 80% so far from sub-40p last week) I am looking for 500-1000% in due course. I think it is a very good risk:reward for the former, and it's not often this sort of opportunity arrives.

But nothing guaranteed.

[ammu12] 15/4/2020 10:58

Broker note out with 100p

[gooner1886] 15/4/2020 10:54

We know they arent going to go bust, 2 big contracts and a cash raise IF they need to. All buys are a risk but i believe its low risk down here , its not quite the bottom but not far off

[ammu12] 15/4/2020 10:52

Agreed however winning contracts in this environment where most companies sales/revenues have collapsed demonstrate that this could be a winner once Covid 19 gets over.You won't be able to buy this low once this is all over.

[skinny] 15/4/2020 10:49

Hopefully "this time" will be better - there is a plethora of failed companies in this arena - my worst was Jarvis PLC.

[imastu pidgitaswell] 15/4/2020 10:44

It can be sub 100 - it is. As with all long term construction, it's about management - of bids, clients expectations, staff, suppliers, currencies, external factors...

Anyone can win contracts - just bid less than the competitors. As any number of recent high profile insolvencies have demonstrated. Then they go bust as they run out of cash.

COST appear (to me) to be better than most. But they have their fair share of balls-ups too, including the ongoing A465 in Wales fiasco. So no guarantees anywhere just because they have won another contract and been asked to get on with HS2. You just have to hope (and expect) that lessons have been learnt and there should be a relatively benign environment as the government has a dwindling list of major players capable of delivering these sort of infrastructure projects and it does not help the government to force more suppliers into insolvency.

As said previously, COST is better placed than most - it's about management and execution, not just chasing turnover a la Kier and others.

[babbler] 15/4/2020 10:09

Hopefully they will struggle.