The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Lucky on my trade lost 15 the other day if helds be 100/s down , RATHER take a quick loss then see my account get behind .VERY STRANGE the constant sells . Overall up but will stay out now
Well I took the opportunity for a top up into my ISA on the drop and and I'm looking at this for the longer term.
It's got the lot. Profits, Large new contracts and so much cash on the balance sheet.
If they reinstate a progressive dividend then I'd probably look to reinvest it also.
I think this as well. Fantastic trading statement. Suggestions that dividends will be paid again. Also the CEO will host a call with analysts and investors the day after the results. Unlikely to be doing all this if management have bad news for the market.
If you read the last trading update, it’s hardly signaling problems. They are talking about reintroducing a dividend. Slammed this on not much volume to daily 100ma.
Feels very much like trying to turf holders out ahead of decent results.
Tree shake - could be. Someone knows what they are doing. I hasten to admit I am a bit in the dark here.
Is this a tree shake by market makers?
I started to build a position at the back end of 2019, expecting BoJo to follow-up on his infrastructure projects. We all know what happened shortly after that.. However, as much as I dislike Starmer and most of his cronies, I do believe Rachel Reeves is both a smart cookie and a realist. As such, I'd be surprised if civil engineering doesn't feature heavily in her pledge to build the economy. Fingers crossed.
Playtowin - My thoughts exactly. Very impressive location, and recent events considered, they probably negotiated pretty favourable terms.
Bril news and a a good sign.
Better placed also for further business wins.
Ignore me-it was leasehold.
Plus the cash from whatever they do with the Maidenhead office site...
No theory here.
Spread is always daft though. I keep thinking what an easy takeover target this is. £170m mcap with the same in cash.
Just rechecked and there does not appear to be any current short positions. All the more curious other than speculation!!
Sizeable drop in SP over the last 6 weeks.
Cannot find any specific reason(s) other than slight increase in short positions.
Any ideas?
Https://www.constructionenquirer.com/2024/02/27/costain-moves-hq-to-londons-can-of-ham/
We see just for a trade
Indeed. He's very conservative but the II's will want the divi back properly. Historically used to be roughly half earnings, but he's flagged intent for 33%. My guess 3.5p annual total. Big contractors reporting recently have all had good results. These upcoming should be back to 2018 numbers IMHO. GLA
“Due to continued growth the position of HR Administrator has become available to join a growing team based in Maidenhead.”
“ Due to growth,we are looking for a Chief Process Engineer - Clean Energy to join our vibrant team, based in Manchester or Aberdeen”
Posted in the last 24 hours.
Growing business :)
I topped up also today.
Highly cash generative businesses and £164Million cash, massive recent multi year contract and with a simply ridiculous valuation at just £20Million more than cash.
It didn't stay there long, managed to pick up some at 64.5 good job for alerts
Gap filled now, should head back up towards results and dividend announcement.
SOMETHINK SEEMS OF here as everyday loads of chunky sells . /GOOD LUCK OVERALL up here
This article is behind a pay wall. Does it say anything about Costain?
Https://www.watermagazine.co.uk/2024/01/12/costain-awarded-landmark-new-contract/#:~:text=Costain%20has%20been%20appointed%20by,water%20sector%20for%20the%20company.