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I was reading an article yesterday about family run businesses in construction they seem to be on the brink of financial ruin .
An example was multinational firms using family concrete pump hiring equipment running up huge bills than using another firm to Tot up more debt . I suppose this seems to be the case in every sector running up accounts than seeking another supplier . The question is what is the true effect of this epidemic as firms are leverage money running up huge debt that will eventually be exposed sooner or later
"Bottled it" why didn't you put a stop in place of around 20 points behind the price and just monitor it and adjust.
"Joined the party" at the moment it's flat beer and curled up sandwiches but ha-hoo showed on Wednesday it reached 45 without any trades that it's priming for movement the bad news behind costain and as someone mentioned new head of finance a bit of good news and this could/should start to move just looking at Rolls Royce 's share moving and costains losses look like spare change to what they've reported.
Already South Africa announced their intentions will be other countries announcing the same strategy https://mg.co.za/top-six/2020-10-06-infrastructure-key-to-economic-recovery-ramaphosa
https://mg.co.za/top-six/2020-10-06-infrastructure-key-to-economic-recovery-ramaphosa
Looks like this is going to sit around 38-44 for a while who knows how long .I think costain in a really good place to kick on . some positivity in this sector generally and it could change the whole dynamics of this share . I'll try not to check the share price every 5min just going to be patient but reading analysts predictions in costain low estimates should be 55-60 and highs 80-85 so it seems much undervalued. Looking at other sectors like high st banks they are getting hammered . Altime low interest rates no money for lending money and all them deferrals they probably will never recover this sector you get paid with what you do (most of the time )?? costain have a full book looking at all the other sectors I can see in the future that when the quarterly halfly figures are revealed could be another hit for shares that might prompt new investors into this sector is just a matter of being patient and seeing other sectors crumble but long term construction will be rhe key for this government . read what happened after the second World war the crash in the 80's crash 2008 government took out huge construction programs .
Welcome Libero to a sector that has been hammered by covid but Boris and previous governments before will do what they've done in the past put it on tick and build their way out of this mess.
45 !!!!! Range cant believe it just incredible morning this is fun now hope it returns to pre covid but I'm just being greedy now .
Britain remember after the second World war built their way out of a depression the government will just keep borrowing again the pound will just devalue but this sector will be the biggest factor long term for growth. So happy nerves absolutely shot .
Yes 72000 shares in Green for The First Time from being -4000 down last week on Monday and Tuesday. Yessssss can't believe it thought this was going to head me in towards despair.
@fortKnight Is encouraging that Costain are making changes in personal I guess they had to act . The 2 contracts as well could still come to a satisfactory conclusion for costain as they are still on going . Order book full how many companies in this present climate can boast that. Just need positive announcements soon but this or might fall further than it did last week which is no good for my nerves .
@fortnight is that all it takes to push the price up . I hope they get someone that's got a good reputation that could push this up further could they tell a white line for a few days and say buffet's taking the role .
Sorry the post before I pressed the button to post don't know how to edit. Between Feb to September 14 covid must of been the factor for the dropbetween 110 to 45-50 but a surprise overturned decision on 14 th the pushed this down further around 50 -37 . If you look at weir which i did today to get some comparisons now that looks like a train wreck . I have everything on this share absolute buzzing it's been very stressful the last couple of weeks . If it reached 110 it would be like winning the lottery I would just love this to reach 45 tomorrow than at least I can give my nerves a break .
@Joner I find this incredible just 6 months ago it was around 110 was it not common knowledge back than that the 2 contracts they'd be a deficit of 100 million . Costain really mess up because was that not the amount they raised on the last share issue. They seem still in a good position because they have plenty of work . 14 September confirmation that the decision was overturned in that road I think between February and the decision of overturning
But why Has it's climbed 4% when there is no activity.
I don't understand the sharp rise because they are hardly any buys .
I think around 39-40 are the ones that haven't done anything with them probably forgot they've got them . Need some big buy but who the hell would want to invest in this sector . ?? apart from a numpty like me
YESSSSSSSSSSS
I'VE been watching the price like a hawk the last 2 weeks says it's moved 1.5 % up this week .it's just fluctuating between 39-40 all week. Absolutely sweating on this . Want it to touch 42 today and so I can sleep easy this weekend haha
@wipeout . Im only going by my what brother in law has told me he likes shares and i know nothing about them he phoned me when i worked for royalmail and said borrow as much as i can if royal mail give us a option to buy more and they did at £3 and capped it maximum of 10k extra for employees plus allocation as soon as they were on the market they were £5. Goldberg and Sachs took the Lion share.he diversify with sectors but he said that Costain have made losses through contractual problems that he also was looking to put in on this but he said how low this can go is difficult. when I told him I'd put nearly 31k on these shares he laughed and said don't panic what ever you do. But I'm really nervous because every .1 is costing me a £80 quid
. Costain he said are in a good position . The new contracts he said drawn up will not be quarterly half and Finnish but digital contracts that change on a daily basis and costs that are more flexible. He was saying very small margins they work on for profit so I suppose a couple of billion on a project can go tits up. Any I'm so pleased someone else is in the same boat.
Steady decline !!!!
You mean like a RR's jet engines on a chartered plane landing at Heathrow!!!!