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And a new 52 week low again. Will it break 70 ?
Down more than 10% on the week.
70.42
Hoarding all that money shows a lack of faith in their own company, maybe they can see more write-downs in the future that we do not know about.
Maybe they just playing ultra-safe with the virus situation.
They could pay a 10% dividend for 20 years while making 0 profit
Seems like a good plan.
I was thinking surely it can not go under 70 and into the 60,s and lucky enough it rallied, if they can get a few more contracts which can make them a few million this will fly as long as they are not the bottomless money pit road contracts.
wish I had a crystal ball.
Yes I added a few a couple of days ago here to bring my average down. I also bought BP. at 195p which was a 35 year low I think. First time in 20 years I have bought a big oiler. Plus a few more NRR. Not with the greatest of confidence on any of them but I had some spare cash from some of the dawgs I punt in going mad.....crazy really that some miners for instance are valued at a mkt cap of 100 million plus and its all just vague hype. Still, what do I know?
Looks like we’re moving away from that 52 wk low now. Let’s hope that was the bottom and a change in sentiment can drive a meaningful rerate.
I watched Andrew Duxbury on an interview the other week and he was extremely positive about the balance sheet and cash available (naturally).
With the share price at such a knock-off price and the company claiming to be in such a positive position then why don't they start purchasing their own shares? This will show confidence to investors and will inevitably should drive up the share price. Am I wrong here?
Yes indeed.
71.01 low today. May go below 70p today. No support for this stock despite a ton of cash.
This could become a daily post for a while longer yet. No sign of any change in sentiment.
72.41 low today.
This is getting ridiculous. Every single one of us are in the red. Thought we turned a corner last week but here we go again
Another all time low...closed at 73.20p.
74p today.
Well undervalued but likely to continue to fall. Some company my consider a T/O but not yet.
74.15.
On a strong day for the mkts. A weak day will see this below 70p.
This is why change is paramount you can not price work in the current format especially when the stability of an economy is so uncertain. the software also apparently factors economical and political changes.
As I said these digital contracts will have benefits for both parties in respect that they will project every aspect of construction.
@benrumpson costaun are now applying this software on the account that they have 2 big losses one on 2 power station contract in Cambridge and the road in Wales where there was contractual problems with a supporting wall that they didn't factor in . construction firms in the UK have had serious issues with making a profit these digital contracts are the only option without them construction dosent have a future.
Hi costain
This could be very interesting, I cannot see many Qs’s helping with this and obviously both parties would have to agree with exceptional costs and changes to the situation.
Also I would imagine there will be teething problems and if you say costains has already put this programme in place.
In my eyes makes costains a bigger risk than the other construction companies!
That’s a big no for me
Thanks for the info and that’s what these boards are for!
I might wrong and I do wish everyone well with there trading
Good luck all tomorrow
COSTAINonly " whats the point of taking work ffs and not making a profit it's the only way forward ."
The trouble is that is what they have all been doing or have you not looked at the financial statements. Years of paying management bonuses and no profit.CLLN, KIE, COST, GFRD
" Two years on from UK construction’s biggest ever failure, there have been a number of contractors with revenues higher than £100m go to the wall along with many others with turnovers in the tens of millions"
Comeonvog they won't be any construction firms getting involved without these digital contracts . costain have had there fingers burnt twice already this year they have a full order book they now are applying these digital contracts . it can also work for both parties that if work is running smoothly costs can be saved by the company that has commissioned the work . whats the point of taking work ffs and not making a profit it's the only way forward .
COSTAINonly i very much doubt it. What would be the point of tendering , and how would that control costs.
74.28
@benrumpson
The great part about digital contracts both parties are tied and signed to it and know that costs will change that any unforseen problems arising that they should be no more contractual issues. this is the only way forward! these jobs like Hs2 have still 15-20 years to run with these digital contracts they change not just on a daily basis but actual site valuation as it's happening . These new programs will give both the contractors and the companies that commission the projects huge amount of information and up to the minute costs and future expenditure etc .
Costain , can I ask you how this program will help pricing ( when they want the priced fixed) and usually that is couple of years previous.
The only way these firms can make money, that is pricing with a proper profit margin, not 1or2% .
Just my opinion
Good luck all
COSTAINonly Software wont change the culture on the ground , UK is stifled with H&S regulation that slow progress in the best of times never mind what they are having to deal with now. Some program devised by some bof who has never been on site wont make it more profitable , it will only slow progress and give site agents/managers even less time on site to move projects forward. HS2 will be a prime example and why the hell they are even contemplating going ahead with that is a complete misery to me. Working from home = less traffic .