Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Costain Group (COSG)

London
Currency in GBP
Disclaimer
83.60
+3.00(+3.72%)
Closed

COSG Price Commentary

Costain on the rise forming a nice cup and handle.
should trade at 65p-70p
This company is still woefully undervalued. At 50p its cap is £137.5m. Meanwhile its got £124m in bank. No borrowings and making £34m profit. Unless it reinstates a dividend, its share price will stay low and become a takeover target.
Don't understand why this stock is not rallying and still languishing around 40p given the recent news.
53.5p = market cap circa £150m. Interim accounts (end june 21) stated net equity (total assets less total liabilities ) at £191m and order book of £4b. Trading update end Aug 21 stated hy profit of £11.5m and expectation full year will be in line with forcast. Obvious risks are inflation and resolution of one contract in arbitration, even so, at sub 55p this stock looks super cheap - provided management deliver on their own plan and forecasts.
Al: even with all this the share price is down 6% to 50p
53.5p waiting for sub 50p and prefer 45p to get back in
54p
56p waiting for sub 45p
58p in England and with the Conservative Govt Costain will be a growth company long term..
Getting really frustated by Costain temped to sell and accept the loss bought at 64 and since then not one day price moving up always down and keeps going down all news positive but reactions always negative what is going on are the market makers marking down the price on purpose?
Ciao Aldo, better NO MOVEMENT than some of the swings I have seen with over 25 holdings upto 66%up and 79% down... Be content that you haven't lost your short.. HOLD
Generally positive set of half year results. Huntingdon contract outcome wont be known unil q1 2022, but costain bullish that their prev reported provision is adequte. No divi until this resolved - but if resolved within provision and continue trafing as first half then expect significant re-rate - circa 100p not unrealistic. Net assets stated as circa £200m, which is 15% greater than current market cap.
Target price is 72.50p
Al Blackheath, its rare that anyone on here puts detailed information, so brilliant to you. it seems to me that the market is being artificially kept down for some reasons CONSTRUCTION has to be a good industry and Costain must be downturn proof.. Im in at 50p but it needs to be alot higher. (63.3p)
Something very strange here. Trading update is not negative. £113m net cash in bank. £1.2b order book for 2021 (£4b order book looking forward), that ought yield £35-45m year end profit, but investors selling at 51p which equates to a market cap of just £140m - the equivilant of current cash in the bank plus this years profits. Why?whats not being said?
If management team can demonstrate they can stop screwing up contracts, then this looks seriously undervalued. They purport to have £100m in the bank. Market cap of £180m. Suggests an Enterprise vale of just £80m for a company with annual revenue of £1b and a £4b order book. They ought be worth a lot more than 68p. Anticipate a jump when they return to profit.
Al, I often ask for detail on this site an no one has it... What you have written makes perfect sense and I've just seen an article in the 3rd Feb daily telegraph where they are HOLD at 59p... Good luck if you hold the share...
Craig, Costains last set of accounts was generally good. My reading being that the only real issue was a nebulous reference to a potential legacy contract impairment. Accounts state something along the lines that final settlement may not be resolved until end ‘22 and that the upside is they may receive a cash payment of £50m, but worst case is they may be liable for £50m. Accounts/liabilities assume it will be neutral to current payment , ie will be settled with no more money changing hands either way. Issue some investors have is costain management took this stance with other legacy contracts and then, latter, lost the case and it ended up worst case.My view is the management team has been strengthed and they are returning to profit. Resolve this outstanding dispute asap and the company (and tge share price) should move forward poditvely.
Al ..thanks very much bought in again today at 60p... fingers and toes crossed
Due today .... https://www.gov.uk/government/news/build-build-build-prime-minister-announces-new-deal-for-britain
so with 4.5 bl book orders they should have around 200.mln profit
https://www.constructionenquirer.com/2019/07/03/costain-targets-6-7-margin-as-uber-of-construction/ very ambitious plans let's see if he delivers nice price l will see here he has right directions so far and good name
https://www.constructionenquirer.com/2019/07/03/costain-targets-6-7-margin-as-uber-of-construction/
Positive trading update today. £4.2b order book on mainly government funded infrastructure projects makes for a sturdy outlook in the current climate.
Massively underpriced.
company with big future right services right time they will massively benefit from uk green budgets finance in please they paid dividend before and if everything is ok l can see this shere price benefit and behave like asos from penny to 30 pounds big big winner ofcourse no straight away but 3 years very possible
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.