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Oh slave cmon...gone now...
Https://www.constructionenquirer.com/2023/09/04/jobs-to-go-as-costain-winds-down-tech-centre/
After buying the business for circa £15m 8 years ago...........
Any thoughts on opportunities for Costain coming out of these schools and other public buildings repair issues? Usually these are the best contracts as there is no option but to spend money without much bargaining through framework suppliers.
Wait for the divi announcement and there will be many more buyers out there
Been a busy few months looking here https://bidstats.uk/tenders/?ntype=tender
Search for Costain
T2B Thanks for that nice piece of good news.
Rogue male1
Thanks for that. Some light entertainment reading this weekend in order.
FTSEfan
The details of their remuneration are in the Annual report and accounts. Usual spread of various targets.
The good news for us is that as of fairly recently there is now a mechanism that also involves the share price, so they finally have an incentive to raise it. They still win all round even if it sticks but better than it was.
Rs
Tempus Times
Costain, the builders’ ugly duckling, may fly again
There is nothing like the whiff of a dividend to set investors’ adrenaline pumping, even from, well, a mixed set of results. That is what the builder Costain delivered on Wednesday, and the package has been well received since. The shares jumped from 46½p on Tuesday — ahead of the official announcement — to nearly 53p at one stage yesterday. They are coming out of intensive care, where they have lain since the pandemic, so it may be time to examine the company anew.
So there is plenty going on, and signs that the current management is getting to grips with the headaches that have plagued the group in recent years. However, the comparison with the near-rival Balfour Beatty is instructive: both are in HS2, but Balfour is valued by the stock market at ten times Costain, on revenues five times larger and much more widely spread, including to the US. Balfour has paid dividends through and since Covid. But this is a reverse beauty parade. It begins to look increasingly that Costain, the ugly duckling, has been shamefully neglected by the stock market, leaving the share price appearing anomalous and set for recovery.
On the back of pre-tax profits rising from £40 million-or-so this year, they should get close to £50 million for 2025. At current levels, the shares are trading on less than four times earnings two years hence, while the dividend yield is set to rise to about 2.8 per cent. That p/e ratio must surely blossom.
ADVICE Buy
WHY Unjustifiably overlooked after a long period in the doldrums
Don't forget that Ennismore pilled in little while back
Yes they did but it is peanuts! Plus it was nearly a year ago and was bought at rock bottom.
However they may have a performance related share deal but I wouldn't know how to find that out.
On a positive note this is now gathering momentum and has gone quite bullish.
Like many holders here I have been I this for a long time and had to average down and now feeling relieved that we are going somewhere at long last. Still I have more shares than the 2 director buys/holds combined.
Would be a lot happier if it was the other way round.
Interesting article in the Times
https://www.thetimes.co.uk/article/tempus-costain-the-builders-ugly-duckling-may-fly-again-vnjk57gsx
To be fair Kate Rock and AV have bought a few last year-KR when she arrived.
But only the freebie-take from the FD. Bad form that I think.
After extensive research the trend seems to be that the chart has gone very bullish.
According to a few chartists Costain has crossed the Golden cross territory. Learnt more following this over the last week than the whole year.
Nothing but positive articles and yet still not enough to ignite the touch paper.
I do have issues that non of the board have put their hands in their pockets to show confidence.
However if we keep going up a penny a day by xmas we will be worth a few bob.
Https://masterinvestor.co.uk/equities/costain-group-is-looking-far-too-cheaply-rated/
But obviously leading to some more money coming in. long way to go for me, i did buy another £10k worth at 52 but % very poor so holding all the way. gla
Add to this that they are being more selective with orders to increase profitability and have a strong order book in hand this should be a good performer over the next few months.
Https://www.investorschronicle.co.uk/news/2023/08/23/costain-is-set-to-restart-dividend-payments/
Bought back into these in the 40s last year and have watched them oscillate in a fairly tight range since then. Good news on the dividend front and hope it will facilitate a higher rating going forward 🤞
Couldn’t agree more, top slicing is very worth while. at least a divi helps but true is still difficult against a very large sp drop. the utility, general gov investment will be high, they’ll increase anything to support infrastructure, productivity as we try to reduce debt. costain have conquered inflation by working out now how to pass it on
I've held this since 1985 .
If you ever get into a position whereby you're up around 20% or over just take some off the table .
Because this is a roller coaster your riding that most of the time is not favourable for the investor. Although the dividends at one time made it worthwhile to own this stock .
Since 2012, my initial 3,900 buy @ 264, and many later hopeful additions dashed, we may be here at last. Cheers all. :-)