Costain Group Live Discussion

Ripley94 03 Sep 2019

re- in the dark yet again. And others COST… XXXX Topped up 6th deal today various shares this one @ 147p

Ripley94 21 Aug 2019

re- in the dark yet again. And others COST… XXXX 145p was the bottom , results today lifted the shares to 165p up 11% .

Ripley94 08 Jul 2019

re- in the dark yet again. And others COST… XXXX After gaining a Little to 195p last week looks like today’s 185p were i bought is new bottom . Was no rush in hindsight .

coolwill 28 Jun 2019

re- in the dark yet again. And others Oversold by a mile well worth a punt at this price.

Ripley94 28 Jun 2019

re- in the dark yet again. And others COST… XXXX Was hopping i was out of these but see i must of bought back in ( D ) 30 % fall this morning to 190p . Looks like a bad sector to be in .

sharegardener 05 Jan 2018

FY17 'in line' Not exactly an earth shattering trading update but everything looks steady. Getting onto the CCS consultancy framework should benefit future pipeline.Im not sure if IFRS 15 will have an impact on their accounts .The dividend will hopefully be increased but we will find out on 1st March.''operational trials of HGV platooning vehicles'' - I'll have to be careful overtaking when on the motorways from now on!SG

Christo6 22 Dec 2017

Earlier Spread What caused it?

II Editor 14 Nov 2017

NEW ARTICLE: Stockwatch: Infrastructure spending underpins 'buy' case here "In terms of the story, should you prioritise "top-down" or "bottom-up" for stock selection? LSE:COST:Costain, a circa £450 million construction services group exemplifies this dilemma currently.Its share price chart this year looks dysfunctional: ..."[link]

city watcher 07 Mar 2017

Re: Some real interest & ... Costain still appears to be undervalued considering their existing contracts. Very similar graphs that tend to be heading upwards with comparison to Carillion that you also hold.Dividend yield with Carillion is exceptionally generous if maintained. We shall know soon.03 Mar 17 Peel Hunt Buy 415.00 450.00 450.00 Reiterates 02 Mar 17 Liberum Capital Buy 415.00 450.00 450.00 Reiterates 01 Mar 17 Peel Hunt Buy 415.00 450.00 450.00 Reiterates 01 Mar 17 Liberum Capital Buy 415.00 430.00 450.00 Reiterates 24 Jan 17 Peel Hunt Buy 415.00 450.00 450.00 Reiterates 06 Jan 17 Beaufort Securities Buy 415.00 - - Reiterates 05 Jan 17 Peel Hunt Buy 415.00 450.00 450.00 Reiterates [link] Their summary charts )

sharegardener 03 Mar 2017

Re: Some real interest & ... UK infrastructure projects are on the up (motorway upgrades, HS2 and potentially crossrail 2, Hinkley and other nuclear etc). The trouble is there is a long lead time with tendering process, award of contracts and then something actually getting built (or burrowed in the case of Costain's tunnelling). Theres also the risk of projects being ditched if government funded. Still, Costain have the edge on the complex engineering stuff imho.The Carrilion link is actually for a Dubai construction scheme but CLLN are building several hospitals in the UK where they have also cornered the FM contracts on the finished building. CLLN massively shorted at present and loaded with debt and pension obligations - so Costain better positioned and this may explain the better SP performance as well as differing areas of expertise. I hold a few CLLN and also have some Babcock - who also rely on government infrastructure spending!SG

city watcher 03 Mar 2017

Some real interest & ... Costain seems to be recovering it's share price to levels that are deserved, in fact the whole construction - support contract sector is doing well.[link] Venture £490m

sharegardener 01 Mar 2017

Finals on track At first glance, full year results are as good as outlined in Jan update with more net cash, Divi up 15% (Final Div 8.4p - more than my 8.2p top end prediction) and solid order book of 2.9Bn.Last years acquisitions should help keep up the win rate on the bid pipeline and most contracts are for repeat business and on ''target cost, cost reimbursable basis''. They do seem to have the best tunnelling expertise.Some concernsension scheme deficit has gone up substantially to £75M (due to falling discount rate and higher inflation assumptions as with all DB schemes) requiring cash payments of £10M per year.Trend to Joint Venture bids for complex infrastructure projects will push profit margins lower and they may end up chasing barely viable contracts for simple things like road maintenance.Overall, Costain look to be positioned for reliable long-term steady returns and now all the shares from UEM (& Al Karafi before that) are sold on, then SP should rise to maybe around 450 if dividend growth maintained in double digits.Good luck to all SG

sharegardener 07 Jan 2017

Encouraging results Positive update on the full year position with order book maintained and bid pipeline equal to last year. Costain also named as one of the contractors for TFL upgrade projects along with Morgan Sindall & Skanska.Finals out on 1st March and ex-div 13th April 2017. As the cash position is relatively strong, the dividend will hopefully be pushed up significantly - 8.2p would be good!Costain are continuing to maintain their strong position on infrastructure projects especially on the project planning side. ''1,200 now in advisory, technology and design service roles''.The SP has responded well so far and should stay up above 350p from now on.....famous last words!SG

sharegardener 29 Nov 2016

UEM selling last tranche via placing UEM (via York Place) have sold their remaining shares at 340p - all gone to ''high quality institutional investors''. 8.6M shares traded even though this block was around 6.3M.SP will hopefully now start to move up again back towards 400p. Last year, the finals trading update was on 6th January 2016 with full year results published in March. It looks like this years results will be stronger and the divi should also increase, perhaps by 10%. Several new contracts including HS2 JV with Skanska are starting.SG.

sharegardener 28 Aug 2016

15M shares traded Huge volumes on Friday 26th Aug - 15.4million shares changing hands, one trade of 7M going through at 355p.102.8M shares in issue. Annual report lists the major holders:UEM Group Berhad 13.8MMiton 8.7MJO Hambro 6.8MFrom other sources, Blackrock, Henderson, JP Morgan look to have around 4M each with River & Mercantile and Threadneedle not far behind.Most likely to be UEM selling down their holding into the rise after the H1 results which are fairly respectable but there must be several institutional holders taking profit.The last time a big holder (Al Kharafi) sold in tranches, the SP sagged for a while then recovered nicely. Im still holding and added some more in May at 315p but missed the post-referendum bargain price of 270.Currently, Costain appear to be outperforming Carrillion, though Balfour Beatty are making a bit of a come back.The recent acquisitions should maintain Costain's edge. I notice Inv. Chronicle had an article on Costain but Im not a subscriberGood luck all holders SG