Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Can it break 60p ? ...and if so..for how long !!!
..and will be again in the not too distant future.
69p??
People were talking about 100-150 before YE 2021....
All this infrastructure being built at the moment how can this company not perform well, something is not quite right.
I consider that its shares trading at just 6.8 times current year earnings, 5.6 times next year’s and a mere 4.6 times 2023’s estimates are wrongly priced by the market.
Brent rates the group’s shares as a ‘buy’ looking for 80p.
I have been wrong on this group before, catching it just before all hell broke loose.
I really can see excellent value in its shares, which are now trading at just 54p.
Even though I consider that the group’s value could well double within the next year or so, I now modestly set my Target Price at 69p.
It has a net cash position of £113m, that is the equivalent of 75% of its current market worth – which is some 41p per share.
Tipped on Master Investor
After the disasters of those two contracts and the financial effect of it all....I guess it is no real surprise that the City has had them on watch ...once bitten, twice shy .....however... all the Directors were strongly re-elected at the May AGM ... and there was no major shareholder that called for a change of team/individual ..ref : RNS 6th May
If the H1 report does indeed indicate to the City that the company is being managed well and doing the best it can to steer itself through all the difficult sector challenges (labour and materials supplies etc etc ) then confidence in their abilities should return (....will be interesting to read of those challenges and how they are trying to overcome the obstacles )
H1 results - 25th August
Like most, I too feel the SP is a joke, but can’t see how you can call for new leadership..
The whole sector is frowned apon, to much history knocking confidence, carillon, Interserve, BB, Kier and amey’s wows to name a few. Costain by comparison have steered the troubled waters quite well.
with unresolved disputes the city will be nervous.
Time and patience. And all will come good ( i hope)
GLA
Definitely need a new leadership . I was holding just over 75000 shares and I Sold most of them at lost of £1400 . Then bought back Royce made more money . I’m holding about 12000 shares from costain now untill I take my lose back from it , I will be keeping until then
millerston
oops..you having a bad day ?
yeah I guess everyone knows what they did ...I guess I should have defined "cheap" more clearly ...so that you wouldn't mis-understand what I meant.......cheap in the sense of what the existing Institutional Investors had already paid previously and what they would have obtained for £25m when they bought as a % ...much less than 15%
I didnt take part in the fund raise .. yes of course ..a year without much progress isnt great .. goes without saying..... but as I suggest ..there are those who bought in the fund raise and have struggled more than I have had to....and hence they have a right to be more p*ssed off than I might have ..as I suggested
Have a good weekend....
ASGC (the Arabs) did not get 15% of Costain on the cheap. They contributed £25m to the confirmed placing to to get the £100m capital raise of to a successful conclusion. They`re underwater on that investment plus whatever they have lost on on their previous investment. You should be on your knees thanking them.
Even if your average is 54p you should be miffed that that the share has made no progress in over a year. £100m raised, market value £148m. That is p*** poor.
I will wait for the H1 results and fuller statements from the BOD ....nothing changes in my view just because the share price moves around from 60p to 54p .....
There is only really 1 albatross contract to be resolved and we already know it isn't due to much later in the year....that is a known/known...unless they do in fact update on that ..bit of a poker game as to whether we win the pot and get a payback or the pot takes everything ......
Those 2 contracts messes were a MAJOR issue to investor confidence ... and whilst they may well be working their asses of now....the stain is still there and they have to REALLY show that things are indeed different .....I thing the City has had them on watch ..plus the fact those guys took 15% of the company on the cheap.....whole thing was a MAJOR disaster
I await the full statements and balance sheet ...I am in a more favourable position at an average of about 54p.....others have a much bigger right to be p*ssed off ...absolutely
Nope. No faith whatsoever. Investors who subscribed to last years Placing are 10 % underwater and have never been above water except for one or two trading days. Investors who have held for three years are down 85 %, not including opportunity costs.
Half year results on 25th August, expecting to be served up a bowl of thin gruel with jam tomorrow. There will be no resolution to the two albatross contracts, they will drag on for another six months. Margins will be nowhere near the 7% they are targeting. Excuse will be they are still working off legacy contracts and input costs are higher than expected. Expect plenty of buzz words to pad out a bland statement . Digital highways, green energy, renewables will get lots of mentions along with pictures of bright young things working at their computers. You wont see any pictures of bulldozers and cranes working on dams , bridges or power stations, that`s much to difficult for them now. Kier announced increased margins , I suspect that is because we have withdrawn from the field for that type of work.
Hope the Arabs take the company over and gut the senior management.
Anyone got any faith in the current management? Surely, it's time for them to leave and be replaced with some people with better credentials.