Member Info for spyonthewall

Roguemale1
Cycling in Tuscany this week - Montelcino.
AGM in 45 mins. Hope the vibes are good.
Shame about the Southampton Fawley job going to TW. They should have done a JV and reduce the risk on this large job.

Go to the post with the Costain icon. More contributors

'Nod and a Wink ' might be driving it, learning that they might not need to borrow, hopefully.

Sure, Roguemale1.
Ah, you have some Civil Engineering background, I sense.
My father was RE and FICE often in Africa on water treatment works.

I have some professional knowledge of Costain having worked for them in a contractual capacity for 30 odd years. I only got involved with Costain's shares during their share placement. At around 33p I swooped and over three days or so I made around 175k profit.
Couldn't believe it. Then I got greedy and have been snared ever since. I am going to have to it this out, water mark being 77p. My future lies in Costain coming back to their senses.

Thanks Roguemale1. I think it will be worth going to has hopefully one might get a better insight of their direction of travel. I still think COST is a pent up spring waiting to be unleashed. For any brave man wishing to come on board, the last few months would have been a fantastic entry level.
I used to be a bit of a Lloyds Bank fan, but I think we are entering a bleak period for UK PLC. It could just be that Costain could just buck the trend given that it has been on rock , rock bottom for quite a while.
Btw, I used to be a Jobber sprog on the SE floor in the early Eighties. Then, I was dicing with the likes of Turner and Newall and Laker Airways. One day a pile of Freddie's girls hit the floor on a share promotion. Another time I got lock jaw when the Queen Mother came over and started a wee conversation. I never liked that place although it was before the Big Bang.

Thanks Roguemale 1
Have been thinking about it as I live near Canary Wharf. What day is it and time? Do I need to register? How do I do it?
I know it seems daft but I have never been to one.
We really need to see a rerating upwards soon otherwise I may have to head towards Beachey Head, lol

Hopefully they remember that the objective is to make money

Metom

Well, thanks for your frank story, but I am in bigger #hit

Jargonpain.
I have that funny feeling that as Costain being rather unsexy, will catch the market out sooner or later who regret how this stock was completely off their radar.
Costain is slowly reinventing themselves and they do have a great project legacy.

Roguemale1. Quite right. Nuclear power plants would be build to exacting specifications. There is nothing like a blank canvas here. It is 'Mechano' construction and so no contractor can go off message, and certainly there are no imponderables such as the Welsh Road that had major unforeseen geological issues.

Mentom, your last comment seems more like a casual opinion that an exact fact.
Costain were involved at Hinkley Point. I can't see Costain stumbling around as they have done on the latest debacles. They won't be gambling on making future ****ups

It could so easily stem from an employee with a grudge. A non-storey if ever I saw one.

correction. Five hundred thousand pounds worth.

Think of poor old me with five hundred pounds worth at 76p

You are right
I think that those in the Costain's ivory tower are deploying poetic license way beyond credibility. How they read the adjudication is way off the mark. I also got that sence in their annual statement. An amateur's attempt of mastering bullsh*t.

LOL, privations of English boarding school. The culture shock hit me like a sledgehammer when I found myself in a desolate institution in West Sussex. My nickname was 'chapati'.
We also took in Singapore, Malaya and HK.

Yes, enough reminiscing.

Likewise.
My father's three last projects were Gadaffi's never to be completed submarine base in Benghazi. Also a port up in Kasab , Oman, the closest point to Iran and Cementation's University of Muscat project that Mark Thatcher had successfully swung with some brown envelopes , nodoubt. At that point he was heading to his seventieth and could only get insurance in the States.
Btw, when we left India in '71, we got the sleeper train from Calcutta to Bombay and I spent the whole journey looking out of the window looking for tigers. We stayed at the old Taj Mahal Hotel on the quayside (the venue of that more recent terrorist attack), and within a few days we were on ship back to Southampton.
Sure, one shouldn't get too emotional on an old performer. However I was hugely lucky when I put 250k down when it was 30p ish and they shot up to 90 odd. I sold out at around 80p. Greedily I came back in owning about 1 % of the business. How I rue that purchase? In my early career I was a stock jobber on the floor. Even had the Queen Mum come and speak to me.

My father was a pretty successful Civil Engineer learning his skill in the REs' during the war. He was also the draughtsman for Billy Butlin's Skegness holiday camp before 1939. The hay day was after the war. British companies were building exclusive projects all over the Commonwealth. For that reason, I was born in Calcutta and sent to school in Darjeeling.

By hankering for the likes of Costain ( building the Channel Tunnel), construction companies are now as low order as cleaning companies, ten a penny.

I would have done better at the tuppenny slot machines on Brighton Pier.

Reading the Liberum article, it would seem that they will eventually pull themselves out of the *hit. It will probably take a further two years. I have had to hold my breath since 76p. This investment has been like stopping the clock for 3 years.