The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Does anyone know what date we are expecting results for the year ?
Over doubled my holding here today ahead off March update .Morgan today reported seeing signs easying off labour materials inflation.
Am still buying under 50.
They need to announce a re-start to the Divi in March.
FIngers crossed no major dramas. In line blah blah blah.
Chairman needs to sort the City out and get the price moving.
Otherwise it'll be someone else doing the buying out!
This is still very cheap
I valued it around the 125p mark, still got tons of cash not to sure why they aren't using it for a bolt on acquisition or buy back shares
Well hopefully they were a bit slower in Dec!
I guess it will be a while before they start revealing the HS2 benefit. Keep a bit back for contingencies...But the subbies are rinsing it which is another good metric!
I wouldn't underestimate these sort of metrics. Really is one of the best metrics for a companies health, importantly it helps attract and negotiate with suppliers. Real benefit is tights markets like this.
The IMF report earlier this week about UK being the weakest GDP growth country in G7 and of the developed world, even worse than Russia which has half of the world's sanction on it is really cutting..... but I forecast this will mean a shot over the bow for Conservatives or Labour and we will now see a bigger surge in infrastructure investment. That has got to mean contract win after contract win for Costain. So, this is a minimum of a 1 year hold this share.
The way HS2 is they've probably already made their original margin on it. And if it was cancelled there's a big pay off threre as well.
Rinse and rinse.
All good.
HS2 will reach central London, says Hunt from BBC
if the government is really going to scrap bringing HS2 into central London as reported in the press expect a fall in our sp as Costain are building it.
just doesnt happen like this. i expect next announced numbers to be better
Panderman, haha I was feeling same when I saw it .
Blimey top of my leaderboard today, someone wake me up, must be a dream.
I don't see the point of ever selling if we get a dividend like we used to.
Chairwoman's purchase of 50k shares at 38.5p a month ago looks well timed...
"It's been a long time coming". A lifetime's worth... well, two and a half years in my case... and I'm finally breaking even!
Not selling now, not after all this time.
If they're controlling costs - esp labour costs - things might be looking up for Costain.
LOL
Wow the dead donkey is actually breathing finally lol
The FT has only 4 analyst opinions for Costain but it says:
The 4 analysts offering 12 month price targets for Costain Group PLC have a median target of 65.00, with a high estimate of 85.00 and a low estimate of 40.00
...so if all the bad news is out of the way, we could be seeing a slow rise to 65 or higher (It's been a long time coming)
Notice this a few weeks ago, seems like a slow build. 47p and I'm blue, have a feeling this one is going to rise nice over the next few months 80p is my targeted out/reduction
i need a doubling of the sp to get back towards my buying price, a current lost cause.
i have no idea internally, across the patch how good, what Costain do well or not. i have one example, the A1 widening around Newcastle over recent years which has delivered ahead of schedule and excellent job from beginning to end
Thank you rm1. The past 5 years have all had trading updates - 13th December 2021, 5th January 2021, 12 December 2019, 5 January 2019, 4 January 2018. While many companies...no not many companies this company issues trading updates. So the company has suddenly decided not to issue a trading update or it is delayed for some reason.
Anyway at least they have Kate Rock house of lords overseeing governance and the running of the business, one of her previous roles was special responsibility for business engagement..
Messaged investor relations:-
"While many companies issue trading updates pre or post year end, they are not a regulatory requirement, and it is left to the company whether they wish to update the market.
Our next scheduled announcement is our full year results on 14 March 2023, and should we issue any update to the market prior to then, it will be on the stock exchange RNS system and on our website."
Fair play. Yeah either side of Xmas. I will make some enquiries