RE: Market Consolidation19 Jan 2022 20:48
Well its livened up a bit anyway...!!
Metom. I'm not a "cleaver" person. That would be a Butcher. I'm a Civil Engineer. What will I be doing? I'll be sitting tight. And in reference to following posts, and with a tick up to littlegrandma, I have posted before re the length of a typical Costain project life cycle. Bad jobs won a long time back take a long time to work through. That's the industry. I have worked in it for 38 years. Prev CEO jumped. 2 horse race for current CEO. Wrong man wins. I have always said that. But anyone who thinks that anybody 2 years in post will already be showing results in heavy civils doesn't understand how these projects report and how they are run. The City will have preferred the other guy and we would be higher. Sorry but that's how it is. SO you either believe in something-maybe a takeover, or you wait it out. Or you in your case sell and make it back four fold by buying CINE by the 31st . But you won't do that cos its just posting innit? Yesterdays news.
Re the cash. We know its going to go down because of H and P. We will see. That may prompt a bid if it happened not least from the UAE investor.
They may be winning higher margin work, though me and Slave would probably prefer if they were doing good 'ol heavy civils, but you won't see the money for another 2 years.
It's all good for the craic huh?