Member Info for spyonthewall

A little nod or a wink wink in this case would see the broker's clients following en masse.

Pokerchips. You are right. With the share price languishing sub 60p ,you would have thought the people in the know would be buying if there was anything to crow about,. Just a little bit annoying or it might suggest they are still eating into their cash. I am below the watermark at 76p

Quintan as a non exec has bought quite a chunk. Note he is a chartered accountant so I guess he knows his numbers.

I can't understand why the data of proof of vaccination collected at point of jab and inputted into the NHS database can't be shared with passport control.

I am not an expert on RR (except my forebears have all worked in Derby) , but I think it can only get worse before things it gets better for RR.
The impact of flights being halted from India will only add to the media promoted despair consuming the industry and this will impact on shares.
I also liken to the situation to a submarine being stuck on the ocean floor waiting for rescue. Whether RR survives intact without government intervention will be a throw of the dice eventually.

Where are all you avid Costain fans. Seems like you have all gone into hibernation ( like me).
Well, I saw a small stirring of spring today when I popped my head out and saw Costain creep up a little.Maybe these shoots will continue to a good harvest.

The JV proposal between Costain and Siemens could be interesting. Fingers crossed.
Costain handled the POWER Network Tunnel contract in North London for National Grid.

I can't see much progress until investors see the colour of Costan's money so this is going to take a while longer unfortunately.

Maybe the No-Dividend affect.

I can't imagine this for too long.

Just dragged this over from the above. My view, Apollo Rocket , slow to start and then gaining altitude and speed nicely.

The fag packet version of this investment case goes something like this:

Turnover £1.1-£1.2 billion (order book several times that) (£1.163bn in 2019)
Target margin (per all their blurb) 7% - by 2024
Pre tax profit by 2024 = £75m
Post tax profit £55m
Number of shares of 275m
EPS of 20p.

Edit - slightly more nuanced version after the half year update is:
............................................2021....2022....2023....2024
Revenue....................................1,100...1,150...1,200...1,250
Margin........................................3%......4%......6%......7%
PBT...........................................33......46......72......88
PAT...........................................26......37......58......70
EPS (275 m shares)..........................9.6p...13.4p...20.9p...25.5p

Easy to say, they need to do it - probably from 2022, delayed from 2021 thanks to the continuing problems with their 2 crap contracts - the A465 in Wales and the Huntington National Grid farce - see half year results in the link below.

Net cash at 30 June 2020 (announcement 17/08/20) is £141m.

UPDATE - Trading Statement - 05 January 2021:
The year-end order book stands at GBP4.2 billion (31 December 2019: GBP4.2 billion), with c GBP1,020 million secured for 2021 (c GBP940 million secured for 2020 at end of FY19). The Group has a strong year-end net cash position of GBP102.5 million, ahead of expectations, (31 December 2019: GBP64.9 million) comprising GBP89.5 million of cash, GBP61.0 million share of cash in joint operations and GBP48.0 million of drawn debt. The average month-end net cash balance for the second half was GBP100.8 million (2019 full year: GBP41.2 million).

Now £100m equates to 36p per share (£100m / 275 million shares). So, at 60p per share (05/01/21) - back to the placement price - you get the business, which reflects the worst case scenario cash position of no recovery of the two crap contracts and the above projections - for 24p per share.

Price Predictions for 31.12.21:

Skinny...........................204
NPP62............................155
Ammu.............................153
Knowing..........................150
Cleverinvester...................150
Claymagnet.......................136
Hamhamham1.......................135
Imastu pidgitaswell..............125
Pinemartin.......................115
Riskblue.........................106
Grand time........................98
Wiganer...........................80
Thags.............................60
TheOldCodger......................55

I hope the new FD has enough time to make the numbers work.

Let's hope so.

I would imagine that the government is in a rush to build the Irish Tunnel ( to neuter the Mad Scots,) and ex Channel Tunnel Costain will be right up there with that project.

A couple of sour contract resulting in a £100 mill capital raise. I would like to see some share buyback eventually to put that 100 mil back in the pot.

Blimey. A nice late afternoon surge. We cant be having too many more false starts before COST motors.

Welcome. You finally made it.
Yes, I think Costain is heading slowly in the right direction.I guess you will break even sometime next year if all goes well.

Post on the official Costain logo board. You won't be so lonely and we can enjoy your posts.

Dragged over from above. No offense intended to the publisher.

The fag packet version of this investment case goes something like this:

Turnover £1.1-£1.2 billion (order book several times that) (£1.163bn in 2019)
Target margin (per all their blurb) 7% - by 2024
Pre tax profit by 2024 = £75m
Post tax profit £55m
Number of shares of 275m
EPS of 20p.

Edit - slightly more nuanced version after the half year update is:
............................................2021....2022....2023....2024
Revenue....................................1,100...1,150...1,200...1,250
Margin........................................3%......4%......6%......7%
PBT...........................................33......46......72......88
PAT...........................................26......37......58......70
EPS (275 m shares)..........................9.6p...13.4p...20.9p...25.5p

Easy to say, they need to do it - probably from 2022, delayed from 2021 thanks to the continuing problems with their 2 crap contracts - the A465 in Wales and the Huntington National Grid farce - see half year results in the link below.

Net cash at 30 June 2020 (announcement 17/08/20) is £141m.

UPDATE - Trading Statement - 05 January 2021:
The year-end order book stands at GBP4.2 billion (31 December 2019: GBP4.2 billion), with c GBP1,020 million secured for 2021 (c GBP940 million secured for 2020 at end of FY19). The Group has a strong year-end net cash position of GBP102.5 million, ahead of expectations, (31 December 2019: GBP64.9 million) comprising GBP89.5 million of cash, GBP61.0 million share of cash in joint operations and GBP48.0 million of drawn debt. The average month-end net cash balance for the second half was GBP100.8 million (2019 full year: GBP41.2 million).

Guys and gals, post on the Cost ( denoted by the Costain Logo), not the LSE logo. You are missing the other posts.

Is that your copy and paste post?