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Just to say Costain don't do housing sold homes division decades ago. Afraid benefits in that sector went to Redrow who bought it from them.
But agree still lots of money needing spending in Infrastructure rail,highways,water,nuclear,defence etc
Ps and given that this isn't yet that ex-divi date that I am patiently waiting for, I am a little surprised to see it down again today. On ex-divi date of course you would expect the share price to pull back by the same amount as the dividend being paid. But today - again? Not what I might have expected!
I'm also going to be adding to my holding here but once it has gone ex-dividend, as I'm not personally very interested in the dividend on this particular share. . . ATB
I decided to add some into my ISA today. I can't help thinking that a new Labour government will want to start with a splash and embark on various civil and social engineering projects which would be a great fit for Costain. Housing ought to be a priority, surely? Our general infrastructure is creaking under years of lack of investment. Taxpayers like to see some of their contributions being spent for the benefit of the greater society. Anyway, fingers crossed that Rachel Reeves will put some business our way..
That was my 'Buy' at 10:02 this morning (15,000 shares at 78.86p per share).
I'm not in this for the Dividends myself. I reckon that the capital appreciation alone, over the next twelve months, should
do the trick. . . . ATB
Hercules Site Services cements labour supply partnership with Costain
Https://www.thisismoney.co.uk/money/investing/article-13304215/20-dirt-cheap-British-stocks-experts-say-make-fortune.
Scroll down to Number 15
Ha Ha Playtowin- Gotta love a bit of sarcasm on a holiday weekend!
How did this ever get so low with such profitability and so much cash sitting on the balance sheet.
Clearly the big seller has been cleared out.
A share is only worth what someone will pay you for it, but a dividend is non negotiable. Once interest rates settle then the good businesses will step forward and their share price will move accordingly. May take a couple of years yet but take the divis in the meantime. This will get re rated.
Unvrkw, agree it is totally undervalued but so is so much of the UK market and has been for so many years.
Who cares how and why lets just see the share go up. its been along time as it slowly rights itself and firstly gives the divi and then an sp gain. i need a fair chunk more yet but it will come as its well undervalue if perf has been reinstated and brought back.
Panderman you can say that again!
Personally a copy of the FT and a dart I find is more reliable these days
With or without Questor must have a good chance of reaching 80P in the coming weeks.
It says they ended last year with £194M net cash InvestorTim.
You maybe to buy the Telegraph and read the Questor column.
Questor, thats the kiss of death!
Sounds promising, although market cap currently around £190m?
Costain have just been tipped as a buy by The Telegraphs Questor column.
"Questor share tip: investors currently value Costain’s operations, which are forecast to make £40m in pre-tax income, at just £25m"
https://www.telegraph.co.uk/money/investing/questor-costain-low-priced-stock-bright-future/
I wonder if the seller has been cleared?
Seems like the persistent seller is still around. Shame the shares could not have been placed in one go.
And has our seller now cleared and leaving the door open for some results and new contract deserving rises?
Huntingdon wasn't a by-pass but we know what you mean...
The only issue on the award is that it isn't really clear what slice we will get. Looks like a lump of pipework and some management.
But will the contract be profitable? Huntingdon by pass anyone?
The Mail picking up on BP teaming up with other big names including Costain and the green credentials of the project.
What with the recent multi year Northumbrian Water contract, forward order book and the cash Costain has on its balance sheet the undervalue has never been so apparent and it should be a much higher. 3p only for todays news. Really !
https://www.thisismoney.co.uk/money/markets/article-13198183/BP-4bn-drive-turn-Teesside-green-energy-powerhouse.html?ico=mol_desktop_money