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Https://www.constructionenquirer.com/2024/08/21/costain-profits-double-to-17m-in-first-half/

Certainly been interesting SP Rise leading up to results.

Will good results and a strong outlook tip us over the 100p line again after just over 4 years absence.

Agree with your comments and take similar stance.

Furthermore, 19 analysts one year forecasts

Average 652p (47% increase)

Min 480p (8% increase)

Max 850p (92% increase)

https://www.tradingview.com/symbols/LSE-EZJ/forecast/

We have Costain's H1 results on Wed 21st August. It will be interesting to see progress and forward looking statements.

4 analysts covering.

High 104p, Average 94.8p, be interesting to see whether after H1 results enough to lift us permanently into the 90s and beyond, and start the rerating process.

Also, note that there is an H1 Results Investors Update meeting on 22nd Aug 2024 at 10:00am BST, which is interesting that it is one day after the results are announced according to Costain's investor relations Web site. Normally same day.

Please click on the button below to accept the meeting invitation.

IMHO Excellent Results.

Only thing extra I would ask is how Board intend to get SP to reflect these opportunities. Obviously, buy back programme and taking 12% of shares out cancelling them will further demonstrate the case. PE Ratio now already falling to 4 which is far too low and shows how undervalued these are!

Adrian Cox, CEO of Beazley, said:

"I am pleased to report a record first half profit of $728.9m. Expertise in underwriting and active risk selection are key drivers of this strong result, even as the rating environment is moderating. Property grew 25% in the first half, demonstrating the success of our strategy to grow in this increasingly specialist class, focusing on the US E&S market. We continue to innovate in cyber, launching one of the market's most comprehensive, integrated cyber security and insurance offerings with Full Spectrum Cyber and Beazley Security. When faced with the world's largest ever IT outage, Beazley's approach to underwriting cyber risk was tested and proved to be highly resilient. We see opportunities in the remainder of the year and are confident in delivering on our high single digit growth guidance. We are also pleased to confirm that we have improved our undiscounted combined ratio guidance for the full year to around 80%."

Beazley PLC Beazley plc results for period ended 30 June 2024

Source: RNS Regulatory News

RNS Number : 6353Z

Beazley PLC

08 August 2024

Press Release

Beazley delivers record first half year profit of $728.9m

Beazley plc results for period ended 30 June 2024

• Profit before tax increased to $728.9m (2023HY: $366.4m)

• Insurance written premiums increased to $3,123.3m (2023HY: $2,921.1m)

• Undiscounted combined ratio of 81% (2023HY: 88%)

• Discounted combined ratio of 77% (2023HY: 84%)

• Return on equity (annualised) of 28% (2023HY: 18%)

• Share buyback of up to $325m announced in March 2024 on track to complete by end of the year

• FY undiscounted COR guidance of around 80%

• FY premium growth of high single digits reiterated

Gg

According to Tipranks, the average 12-month price target for Beazley (BEZ) is 887.14p, with a high of 975.00p and a low of 770.00p, based on 7 Wall Street analysts' price targets from the last three months. This average price target represents a 38.83% change from the last price of 639.00p. Tipranks also gives Beazley PLC a consensus rating of "Strong Buy" based on 7 buy ratings, 0 hold ratings, and 0 sell ratings.

Share buyback in March 325m gbp will remove 12% of shares.

Beazley H1 results will be issued tomorrow. Be interesting to see whether revenues and profits continued growth continues.

Revenue - 3,003m to 5,442m over last 5 years (nearly doubled)

Profits - 234m to 1,026m over last 5 years (quarupled)

Shareprice sideways 600p

PE Ratio of 5

Share buyback in progress

Metro Bank confirms Sale of £2.5 billion Residential Mortgage Portfolio to NatWest Group PLC

What you must remember is the following Rights Issue in Sep 2021 to shore up balance sheet after covid. Good news was New Shares were issued then at 410p. Close to today's SP.

Results of Rights Issue

28 September 2021

easyJet plc ("easyJet" or the "Company") today announces that the 31 for 47 rights issue of 301,260,394 New Shares at 410 pence per New Share announced on 9 September 2021 (the "Rights Issue") closed for acceptances at 11:00 a.m. on 27 September 2021. The Company received valid acceptances in respect of 280,196,507 New Shares, representing approximately 93.0 per cent. of the total number of New Shares to be issued pursuant to the fully underwritten Rights Issue.

Based on the 3 analyst forecasts this still looks undervalued

Lowest SP forecast 160p which is 20% increase

Average SP forecast 176p which is 33% increase

Highest SP forecast 210p which is 58% increase

https://www.tradingview.com/symbols/LSE-IPF/forecast/

5 analysts forecasts 22p lowest, 30p average, 40p highest

https://www.tradingview.com/symbols/LSE-CPI/forecast/

All will be revealed on Wed 6th March FY results.

Also be great to get new CEO's first impressions and next steps especially opportunities automation and AI wise.

This has been suppressed for so long it is untrue. Feel this is ready to explode like Rolls Royce and as other stocks have eventually done. Maybe, this will now be Capita's turn.

I'm looking for initially 2 to 3 bagger at these prices, and mid to long term a 5 bagger plus!

What I do know from Capita's investor relations is that they do understand that now the company needs to really focus very much on delivering shareholder value.

I understand after the results have been announced over the coming months there will be investor days promoting the company. You need to be able to have the foundations in place to be able to do that so see this as good news.

Time will tell, if our long, long wait has finally been rewarded or we will here more jam tomorrow.

Think we see first resistance point of 23p being tested in next few days. Good positive update and I expect 23p will be a distant memory of the past.

Aimmaster and no fear. Your so obvious to everyone. Think we will finish the week higher.

I know quite a few who will be buying and adding this week.

Got real potential from here. Just for your info after restructuring Capita is now focused on increasing shareholder value as a priority. The March update will emphasis this point. That's why cost savings accelerated. Alfonso will give his initial thoughts in March update which will be followed by investment roadshows.

Not long to await until 30th Jan trading update.

Eldose has been consistently buying and increasing their % stake in the company.

Travel cruise business booming and insurance market has turned the corner so expect a breakout if this is confirmed in trading update with positive forward looking statement.

Obviously Eldose very confident.

Before, the RBC note, and that's just one analyst brokers note, I think most were expecting the rerating process to immediately start with Capita being undervalued by the market.

Now debt and pension liabilities have been reduced, it is now shareholders that need to see a return. This will be the BOD focus going forward - accelerating the cost reduction programme to drive improved profitability and therefor free cash flow. 

When the new incoming CEO Adolfo gets his feet under the desk I am sure he will give his first impressions and opportunities for improvement in March update and then give more detail in an investor meeting event a few months later in H1 to explain with his insights, background and proven track record how the Group can best accelerate profitable top line growth and deliver value for shareholders.

This certainly isn't the time to be bailing IMHO!

Lets see time will tell.

Had success with Interpersonal Finance, Rolls Royce, and recently after waiting for what seems like forever (like Capita) Costain's rerating is commencing with SP increase gathering pace.

Costain Group PLC AMP8 Water Framework Win with NWG & Trading Update

10 January 2024 RNS

Costain AMP8 Framework Agreement with Northumbrian Water Group and Trading Update

Appointment adds to Costain's wins in the new water regulatory cycle

Costain Group PLC ("Costain", or the "Company") announces that it has been appointed by Northumbrian Water Group (NWG) to shape, create and deliver its strategic infrastructure upgrade programme. The framework will see contracts awarded with a potential value of up to GBP670m to Costain during a 12-year period and builds on recent significant wins in the water sector for the Company.

The framework contract will see Costain work with NWG and its partners to shape, create and deliver solutions to meet the strategic needs of its business plan during Asset Management Period 8 (AMP8). The contract starts immediately and will run for a seven-year initial term with an option for a five-year extension.

AMP8 will see the biggest investment in the water industry for decades. In 2023, Costain extended into AMP8 its Managed Service Provider contract with United Utilities and its consultancy work with Yorkshire Water. Costain has also won funding from Ofwat to support innovation projects.

Trading Update

Costain has had a positive trading year in 2023 and expects to deliver adjusted operating profit in line with market expectations. As a result, and reflecting an increase in financial income compared to 2022 and strong working capital management, together with the accumulation of GBP25.0m of positive working capital timings, Costain has ended 2023 with a net cash position of GBP164.4m (2022 year-end: GBP123.8m), significantly higher than market expectations of GBP128.6m.

.

"We are also pleased to report that we have had a positive trading year and expect to deliver adjusted operating profit in line with market expectations. Our cash performance has been very strong, driven by continued improved operational performance, an increase in financial income compared to 2022, and ongoing positive working capital timings."

Costain will issue its results for the financial year 2023 on 12 March 2024.

Last year on 24th Jan there was the trading update. This year will be on 30th Jan for FY ending 31 Jan 2024. Preliminary results published for this FY on 17 April 24.

Hope for positive update - strong cruise business performance and turnaround in the insurance business. Think we have been through the worst and will start the SP rerating. Onwards and upwards!