Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I've just read the broker note, one of the interesting points they make is this...Improving the margin as planned would make the expected earnings per share 23p on 2023 earnings so assuming an industry-standard per in construction and engineering of about 8.7 (to keep it simple) and totally ignoring the 48p in cash, quite a bit more than I estimated previously is possible here with patience. I hold a fair bit now after the last few weeks battling with trading systems, possibly its turned a corner.
Happy the underlying business is doing far better, divi payments help the patience in waiting for the sp to grow
Considering the rest off the market I was expecting a little more fireworks in the price this morning .
The dividend is everything regarding this stock. Not until we get a price will we see a significant rise in the price.
Bonkers really
Long suffering shareholders remember to attend if possible and at least in advance ask your questions. I have done this. Your chance to speak!
Interim Results Investor Q&A
Costain Group PLC ("Costain") announces that Alex Vaughan, CEO, and Helen Willis, CFO, will be hosting an investor Q&A session relating to the Interim Results via Investor Meet Company on 24 August 2023 at 10:00am BST.
The Q&A session is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9:00am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Costain via:
https://www.investormeetcompany.com/costain-group-plc/register-investor
Considering its piers like Kier or Keller who trade on pe of 4-6 with lower operating margins and high net debt it looks cheap.
Conside
Its actual business is valued at zero, which for such a low margin operation is probably about right.
Share Price 48p
Market cap £132m
revenue of £664.4m (H1 22: £665.2m).
operating profit increase of 7.1% to £15.0m
Net cash at half year to £132.1m (FY 22: £123.8m, H1 22: £95.9m). (48p a share)
Resumption of dividend payments being progressed.
basic eps 4.4p
Free cash flow2 in H1 23 of £26.5m
Good visibility for FY23 with 90% of revenue (£630m+) secured3 for H2 23.
On track to meet adjusted operating margin milestones run-rate of 3.5% during the course of FY24 and 4.5% during the course of FY25.
Net profit £12m
Has to be 70p+ surely considering everything.
Looks like there are going to reinstate the dividend
Contain have enough work ,that's never been the problem . Just making sure they make profit recently has been the problem .
I believe if the order books isn't as full as before than maybe the penny has dropped to price work to actually make a decent profit rather than be awarded every contract.
Https://www.costain.com/investors/financial-calendar/
8 days to go!!!
common for ffs will this **** ever pick up on shares yet ?????
It is concerning that given no definitive bad news this has retraced back some 10% from very recent highs.
I honestly felt it would push past 50p.
Shows how much I know.
The order book was weak late yesterday, I've usually got an order in that gets filled every few days but each time I bump it up during trading it's automatically jumped by a trading system unless it's first thing, that says all I need to know about who is after this one. The book was weak several punters were not on it first thing hence the drop then recovery.
Ok, it's come back a bit. Judging by the companies on today's loser board, it seems to be a sector-wide thing.
Unexpected drop today on no news I can discern. It's bad enough when news comes out, need this like a hole in the head.
Is this the recession that has been coming for 2 years but then was revised into a slowdown to avoid the embarrassment to highly educated but data-driven academics who have ranted about it endlessly?
IMF doesn't agree
Growth in the United Kingdom is projected to decline from 4.1 percent in 2022 to 0.4 percent in 2023, then rise to 1.0 percent in 2024. This is an upward revision of 0.7 percentage points for 2023, reflecting stronger-than-expected consumption and investment from the confidence effects of falling energy prices, lower post-Brexit uncertainty (following the Windsor Framework agreement), and a resilient financial sector as the March global banking stress dissipates.
And might become quite recession proof as contracts get signed and utilities, gov continues to spend. inflation in its favour, more workforce to choose from and resilience, min debt position as there maybe others to buy?
i’d expect no divi as recession coming but consolidation to continue and good progress
Common donkey , it is been too long for a good rise .
I guess that the risk here is if the government, who are clearly one of most broke / bankrupt ones that we’ve every had in a long while decide that some project work must be cancelled. I’d be surprised to see this happening before the upcoming GE but after this, who knows, regardless of who get in (but looking at the by-election results - labour).
This is a positive position as all the tenders go out from the water industry to support the next amp process 25-30. expect costain to win some of the billions to be invested. i also expect with every deal now assurance of margin and profit, they’ve been biten so not to happen again.
All helps. Not unreasonable to expect a run back up to 60p over the coming weeks.
Great, as long as the water company has enough dosh to pay!
But more importantly the cash flow and profit.
Today's RNS sounds good. I assume they will calculate 'probable revenue' and add it to the 'order book'.