Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
@thedabbler if you change your mindset and think long term instead of short term gains you can become very passive about Monday's SP . I'm more interested what the SP will be in 2022-23 These shares can move just as fast North as they do South A mention about a vaccine new contract new technology Electric planes RR in the forefront of developing be a different beast RR in a few years .
@Saifit Buffet past it!!!!!! Buffett just made an absolute fortune on snowflake a new platform that in a few years will rival google no doubt buffet will want to reinvest in airlines because this will be the sector with the biggest growth.
Air travel will be double in the next few years regardless of this pandemic
When people learn to live with this virus or their is a vaccine travel industry will be an absolute goldmine but you keep hoping on and off each share good luck.
@saif101 sounds like you trade like a drunk at a party
@siddeck .
I honestly think RR are to big to just vanish and without RR probably no Airline industry. They was probably a arrogance in management that they are the big players this pandemic has just compounded how bad RR are run. So now I'm seeing a decisive action that probably should have happened years ago . I have decided to invest in RR because I believe they will bounce back stronger long term . I'm also a fan of warren buffet and he said "if you don't intend to keep a share for ten years you shouldn't keep it for 10 minutes " my aim siddeck is not speculate trading but investing RR are an incredible company poor management and decisions have only put people like me in a postion that you can get it on the cheap. The government also won't allow it to go under their whole military programs have RR at the front of the projects.
@microinves certainly will be putting in more put 50% of what I intended to invest .seems many that are posting negative comments on here what the price to drop further as if they think they have some influence!!
Bought yesterday at 83p shame I didn't wait longer but regardless of this being dilluted I'm Convinced as soon as there is some positivity like a vaccine or we start to live with covid this will change the whole dynamics of this share. Also Regardless if a plane is grounded it still has to be maintained. We are now seeing RR taking decisive action restructuring and selling parts of the business that RR after years of poor management will start to see a more leaner company. I've bought the share for a long term investment seems many on here are just day traders that are expecting a quick change in the SP . This will be a long haul back to where it belongs in the top 10 of all British shares
Yeah 900
Well if Goldberg Sachs bought in that's the research done !!!! I'll start to load
Tempted to buy more ? Is today a opportunity to top up or even wait till it drops further Today's drop is surely just about uncertainty with the rise of covid but construction should be the last sector affected.
@pokerchips you do understand that a share Price is determined by supply and demand meaning the more shares sold the bigger the share price!!! I got these figures from teletrader from th 12 Oct it didn't say how many shares costain have issued but how many shares are holding that is bought if you say there is 275 m shares issued than I have no doubting your figures now if everyone was holding this share rather than 108m I said was holding than the share would be back to the issue price if it was over subscribed than obvious the share would be consierable higher than when it floated . See you learn something new everyday
Looking at The breakdown of Costain shares there are 108 million issued at the moment roughly with 70% of them held be freefloat (private investers )and 30 % with institutions the main shareholders 8% GLG partners 8% ennismore fund 5% Hambro capital 4.8 standard life I don't know how that distribution compares with other construction Shares but looks as though many private investors seemed to maybe bought before March this year when the SP was 4 times more and of course will be reluctant to lose substantially so maybe just holding to see this bounce back
I think you have to apply Buffets thinking that if you weren't planing on keeping a share for 10 years you shouldn't have had it for 10 minutes there was also a comment on the Rolls Royce share chat when it hit 107 and a comment was that you don't check the price off your house everyday and he had average 812 share !!!!!!
One thing I've learnt is changing your mindset and attitude towards investing and think only long term looking at costain historical graph when it was 400 sp just not so long ago it's about cycles 2 bad years don't make this a bad investment sometimes you need some bad years just to evaluate and put the right provisions in to improve and set it on the right path it's not as though costain are in the hospitality business this just 6 months ago sold 100m shares .
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.
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 .
@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 .
@comeonvog costain have installed new software that is incredible advanced they lost close 100m because of not pricing jobs properly. All new projects are put on this software that will be digital contracts the software has the ability to adjust at the slightest fluctuation manpower materials soil compositions etc and the construction firm and the company that commissions the project are tied into the software the software will provide a profit for the construction company that work on tiny margins this is real advancement and protection for construction firms .
@pfen so if you work in hospitality I take it you must not be working at this present moment!
You understand that Whitbread employs around 35000 people whose very livelihoods homes and everything they have worked for is on the line . Whitbread have done everything the government has asked the problem is if these lockdowns persist it will not only destroy Whitbread but it will also have a ripple effect that will destroy other sectors and probably the entire business world. Whitbread employees won't be able to buy new cars take a holiday buy things you get my drift !
Just viewed Galliford try and the SP is getting hammered despite announcing a new contract 50m a couple of days ago and still dropping sold part of their housing sector that was losing money and have cash . Weir look like they are in desperate trouble looking at their figures. I think this will drop further but I have no doubt that if you keep your nerves soon maybe into next year early spring this is going be a real earner. Costain have work . Covid should have least or little effect in this industry . I think when all this service sectors have a point of no return this should/Could see some movement North the fact that it's stayed around 38-43 for the past month must be that it's hit the floor. The only way is up !!!!!
Keep the faith . construction is the only solution for this government . Mop head will soon announce building programs that will involve local companies and run up the biggest debt ratio post 2WW Galliford costain Balfour all have healthy order books (they've got work) . When the service sectors start sliding to a non return. Construction will start to show it's strength it will be the core of the uk recovery
@roguemale The SP at present represents that A465 and Cambridgeshire have 100 million losses but still these 2 contracts are far from resolved. Still in negotiations to find the best resolution for both parties . Costain still in a very good position the order book is full . I'm so confident that this time next year will be hitting 100 sp I've even booked a holiday to Japan so ffs buy more
Keep the faith. I have 72000@42.9 . Reading much more into this I'm surprised it hasn't dropped further. UK shares especially haven't had the full impact of covid uk as a whole they can mask it all they like but it's in real trouble relies too much on service sectors and people spending. Could have put money in Vanguard Netflix etc but I believe this sector is the answer investors will start to look at constain all these luxury items especially like Apple's new 1k phone suffer most in an economic downturn .All British construction SP are getting hammered costain is hovering around 38-43 last month probably drop even more . But construction is the key the government love costain huge history of partnership this will be jumped on soon when all them consumer sectors start sliding