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Pin to quick picksCostain Share News (COST)

Share Price Information for Costain (COST)

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Share Price: 86.80
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Change: 0.00 (0.00%)
Spread: 0.60 (0.698%)
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SMALL-CAP WINNERS & LOSERS: Costain sinks as dividend remains absent

Wed, 25th Aug 2021 11:00

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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SMALL-CAP - WINNERS

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Ediston Property Investment Co PLC, up 2.0% at 74.01 pence, 12-month range 45.96p-77.00p. The property investor buys Springkerse Retail Park in Stirling, for GBP21.9 million, in an 'off market' transaction. The price reflects an initial yield of 9.54%. The retail park was purchased from clients of LaSalle Investment Management, it says.

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Petra Diamonds Ltd, up 1.0% at 1.70p, 12-month range 1.20p-2.80p. The diamond miner says it has sold a 342 carat white diamond and 18 carat blue diamond to Stargems Pty Ltd for a total of USD13.5 million. South Africa-focused Petra, which supplies gem-quality rough diamonds, will receive an upfront payment of USD10.0 million for the 342.92 carat white stone and USD3.5 million for the 18.30 carat blue stone. Petra will retain a 50% interest in the proceeds of both diamonds once Stargems's Johannesburg cutting factory produces the polished stones.

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SMALL-CAP - LOSERS

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Costain Group PLC, down 6.5% at 59.20p, 12-month range 30.35p-75.40p. The construction and engineering firm reports a return to profit but refrains from declaring a dividend. Costain posts a pretax profit of GBP9.1 million for the six months to June 30, swinging from a GBP92.3 million loss a year before. Adjusted pretax profit was GBP9.4 million, up from GBP3.8 million a year prior. Costain did not declare an interim dividend but says it will continue to review the timing of the reinstatement of future dividends in light of the company's performance and cash flow requirements.

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Nostrum Oil & Gas PLC, down 3.4% at 9.92p, 12-month range 7.43p-15.50p. The oil and gas explorer announces the sale of its interest in the Rostoshinskoye field in Kazakhstan. The exploration and production company said that the sale was its most cost-effective option. It didn't provide the name of the buyer nor the price received.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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