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Disagree, shows disapline that the business has lacked for years. This should improve the sp and we will have to wait a little longer for divi
Very bad move not to have restored the dividend even to a nominal amount. Shows a lack of confidence.
Lamaid. You're doing better than me as I'm down 70% on a 4 year holding with 15k invested . I see all the hopes for a sudden pickup being forecast again but after three years of checking this share once or twice a quarter I have a strong feeling that I'll still be 70% down for the foreseeable future. Mind you when all is said and done, it's doing a lot better than my Cineworld investment , though I'm not sure if investment is the correct term for a mugging. See you next quarter........
Very unlikely IMHO. My understanding is that key shareholders are against it, and in any event going by a couple in my portfolio who have had offers tabled recently they will be low ball in the current market.
Best wait here until the P/E matches BB I think! ADFVN Cost page has a good summary of the numbers....
Joo1 - I hope any Result/offer IS a good one - I am 47% down on my 10 year, 14K holding.
POSSIBE TAKEOVER = GREAT PROSPECTS - LOW RICE
General updates from the big players here seem to be positive and better outlook on there cost inflation so fingers crossed good result and outlook next week
Cheers for that. I remember looking at VRS a few years back on the graphene dream....looks like I did well just looking!
Maybe now is the time.
REACH not RNS.
Bit of news via RNS from VERSARIEN PLC, https://www.londonstockexchange.com/news-article/VRS/costain-civil-engineering-project/15862137
Yep.
Tuesday 14th March ??
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.
https://www.constructionenquirer.com/2023/02/01/isg-amey-and-costain-industrys-quickest-payers-list/
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 .