Google alerts have just let me know this is reiterated to a Buy - target £3. Been working in construction for 20 years and this seems like a company pushing forward. Their deep into LUL and Network Rail.
RE: A buy
Buying other companies can add value and you may well be right - COST lacks nothing in quality but does lack size compared to some competitors. However, markets only generally react well if purchases appear rational, well priced and not just geared towards empire building. If any of these flaws is suspected, expect a sudden drop in SP
Is the increased share capital now factored in to the SP? or do you guys think there will be further drops on issue? Divi levels mean to me that its worth taking up IMO. gla.
5 Mar '14
I honestly believe that they are gearing up to buy someone. This will add a lot of value to the shares. Watch this space...
4 Mar '14
Rights Issue / Placing
This is split between a placing and rights issue. We small shareholders get 1 for 3 at £2.25. Dilution if you take uo about 11%. Probably worth doing anyway, given dividend history and the business can see growth potential.
28 Feb '14
RE: Why I sold
Despite selling at 8.10am on 27th Feb, I have apparently still qualified for an allocation of 'entitlement shares' at £2.25. Can that be right? If so, I will certainly take these shares up - and I will also consider whether to buy further shares at current prices. I am still annoyed that the action was known to IIs and not to PIs ahead of time, but it is true the balance sheet will be strong from here on in.
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