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Yes they issue a year end trading update I haven't looked but have held these in one form or another on and off for years all the way down to here. I think again from memory it was usually issued in the first week or two in January if not December so something not in keeping with that for some reason.
I'm not expecting a trading update until March?
The one in December last year was prompted by the P and H bad news, it isn't regular as far as I know? Could be wrong obvs.
Have I missed an announcement?
Hello thanks. It does seem strange that he hasn't bought more shares, the other ceo from memory had quite a lot more and did a fair bit of buying on top of his share options. I think he is English, shame the business can't do a bit more internationally. I thought it was nailed on to merge with Kier but that doesn't look like happening. I wonder what or who has prompted the delay in the trading announcement.
He's man and boy Costain.
Read his Linkedin profile. Its on there.
What isn't on there is when he got the top job, the other candidate left the business. He is a QS. The other was an engineer. Key staff liked the other fella, and the fact that engineering companies are best run by engineers. So a few have left who probably we would still like to be there. But it is what it is now. The numbers will tell. Price would be higher if he wasn't here but lets see what the new Chairman can do it.
Personally i'm patient and will keep buying at this level. The thing that irks me is the terms of reference for his LTIP, but hey, it doesn't seem to bother the institutional investors who nod it through every year so there you go.
GLA!
Well when you look at his bibliography it doesn't even say where he has worked before or where he if from born brought up, schools, any university nothing, nada. I know there was an issue with blacklisting in the past and have heard that can still go on in some industries, recruitment, parts of the city etc but I doubt they'd make the same mistake again.
What do you want to know?
Ha well hopefully Alex Vaughan didn't read this and cancel the trading update.
Here's wishing for a good, more peaceful, honest and happier year.
I see the comment something not right below here, there is lots not right with the stockmarket. Something or somebody needs to expose the corruption and relationships between companies, market makers, accountants to name but a few. Seems a bit odd the US regulators fined firms for their employees violations relating to the use of WhatsApp and other platforms but none here.
Also the relationships with CEOs, anybody know anything about the person in charge here? I smell something.
The most painful company after cine world I have invested .
The whole board is a joke .
Something is not right up there .
Blimey goingvto get a nose bleed at this height
COSTAIN **** AS USUAL. TIME TO SACK ALL THE BOARD AND REPLACE.
I love this situation. You have a tonne of net cash protecting you on the downside and multiple near-term catalysts in 2023 that seem pretty likely to play out such as resumption of dividends and re-basing of pension fund payments etc. Reminds me a lot like Coats back in 2016 which was a very successful investment. Yes there are perception issues with the contractor model and yes Costain is in the dog house. But rarely do you get to buy these things cheaply without some degree of 'hair'. If they do start revealing the details of their higher margin consulting biz, this could re-rate meaningfully. And if they just get a multiple in line with the peer group average, we're looking at anything from a 50-100% return with very little downside risk. That seems OK to me. Clearly, inflationary pressures are a near-term headwind and not to be sniffed at. Likewise the issues in government. But I have been encouraged by the commitment to vital infrastructure and Costain made that pivot reasonably early. I would be amazed if this stays at 40p for long as it seems ripe for a take private. Whether the major shareholders will allow it is another thing. Also, i can't recall the username of the insider who was providing some info about cultural rot etc but that seems a bit contradictory to what I am seeing on LinkedIn. However, I would love a counter and if competitors are pinching core members of staff, then that's a risk too. But that's perhaps negated by the share price and the look through implications which are that the Management team are prioritising margins and c/f. Anyway, good luck to everyone here and my fingers are crossed for a positive result in 2023.
Even Heathrow couldn’t get my 62p
Very disappointing company.
That means that I will collect my 62p at Heathrow when I go on holiday next time lol
.
How is it going under? would love to see your reasoning
Yea mate no chance of going under, this is ridiculously cheap just doesn't seem to be much growth, would love to see acquisitions
They informed the market at the last set of results that the intention was to extend and amend the facilities given the state of the debt markets and variable rates. Now they have no debt.
They have some £100m net cash. How exactly are they going to go bust?
Everything just rolled over for a year. Hardly a vote of confidence. Lenders probably think they will lose less by keeping COST on life support, rather than letting it go under.
would have thought with HS2 still being backed by the government this would have risen at least a bit more.
Slavetothebull****. Foreigners do not own the company. AGCS construction a Dubai based company own 15%. Which is a good thing.
People always move around in the CE game, nothing new there. You are talking out of your backside slavetothewage. Tell us who you work for. Sounds like sour grapes to me.
The foreigner's already own the company...... the business is going nowhere fast, and lots of their best staff are starting to leave.... the company I now work for have taken 6 in the last month as we pick up work and I know Balfoyrs and Kier are also targeting their best.
Valued at once times cash and the business in for nothing. Company isn’t trusted to avoid banana skins and improve margins.
The real worth here has to be at least three times higher if they can restore trust and boost margins.
Hard to see it much lower than current share price. Quite a take over target for a foreign buyer.
What metrics do these people use? Well that award has really impacted the SP...
Crying out for some catalyst to break the stranglehold of the trading range below 40p.
Obviously Mr Vaughan,s award has not made a blind bit of difference. We live in hope.