Costain Group

Costain Group (COST)

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Headline

23 Nov 2017
Costain Group PLC - Holding(s) in Companyfrom Interactive Investor
17 Nov 2017
Costain Group PLC - Appointment of Non Executive Directorfrom Interactive Investor
1 Nov 2017
Costain Group PLC - Director/PDMR Shareholdingfrom Interactive Investor
1 Nov 2017
Costain Group PLC - Total Voting Rightsfrom Interactive Investor
26 Oct 2017
Costain Group PLC - Block Listing Applicationfrom Interactive Investor
25 Oct 2017
Costain Group PLC - Director/PDMR Shareholdingfrom Interactive Investor
20 Oct 2017
Costain Group PLC - Holding(s) in Companyfrom Interactive Investor
17 Oct 2017
Costain Group PLC - Dividend - Scrip Alternativefrom Interactive Investor
29 Sep 2017
Costain Group PLC - Greater Manchester Waste contractfrom Interactive Investor
25 Sep 2017
Costain Group PLC - Director/PDMR Shareholdingfrom Interactive Investor
23 Aug 2017
News - Shares in Costain up 3% as profits grow by a third from Proactive Investors
28 Mar 2017
News - Costain favoured over Balfour Beatty and Carillion by Jefferies from Proactive Investors
5 Jan 2017
News - Contractor Costain Group secures new TfL projects deal as its order book holds steady from Proactive Investors
31 Dec 2014
News - 'Certain uncertainty' in run-up to 2015 UK general election from Proactive Investors
7 Jan 2014
News - Costain's order book bulges as big projects get underway from Proactive Investors
4 Jan 2013
News - Costain shares lifted after pre-close update from Proactive Investors
4 Jan 2013
News - Clarkson says trading continues in line with expectations from Proactive Investors
3 Aug 2012
News - Costain wins two contracts from Proactive Investors
28 Jun 2012
News - Costain Group unveils JV with Severn Trent, on track to meet full year expectations from Proactive Investors
21 Jan 2011
News - Costain raises offer price for Mouchel, includes cash element from Proactive Investors
22 Dec 2010
News - Costain confirms Mouchel rejected an offer proposal from Proactive Investors
10 Apr 2010
News - Cash Rich Costain Not Costly from Proactive Investors
10 Mar 2009
News - Costain wins ten year, £400 million contract with Severn Trent from Proactive Investors

Costain Group Charted

Costain Group Discussion on Interactive Investor

NEW ARTICLE: Stockwatch: Infrastructure spending underpins 'buy' case here by II Editor

  Tue, 14 Nov 2017 09:13:00 GMT
"In terms of the story, should you prioritise "top-down" or "bottom-up" for stock selection? LSE:COST:Costain, a circa £450 million construction services group exemplifies this dilemma currently.Its share price chart this year looks dysfunctional: ..."

LINK
By II Editor

Re: Some real interest & ... by city watcher

  Tue, 07 Mar 2017 12:53:00 GMT
Costain still appears to be undervalued considering their existing contracts. Very similar graphs that tend to be heading upwards with comparison to Carillion that you also hold.
Dividend yield with Carillion is exceptionally generous if maintained. We shall know soon.

03 Mar 17 Peel Hunt Buy 415.00 450.00 450.00 Reiterates
02 Mar 17 Liberum Capital Buy 415.00 450.00 450.00 Reiterates
01 Mar 17 Peel Hunt Buy 415.00 450.00 450.00 Reiterates
01 Mar 17 Liberum Capital Buy 415.00 430.00 450.00 Reiterates
24 Jan 17 Peel Hunt Buy 415.00 450.00 450.00 Reiterates
06 Jan 17 Beaufort Securities Buy 415.00 - - Reiterates
05 Jan 17 Peel Hunt Buy 415.00 450.00 450.00 Reiterates

LINK


LINK

LINK
( Their summary charts )
By city watcher

Re: Some real interest & ... by sharegardener

  Fri, 03 Mar 2017 18:48:00 GMT
UK infrastructure projects are on the up (motorway upgrades, HS2 and potentially crossrail 2, Hinkley and other nuclear etc). The trouble is there is a long lead time with tendering process, award of contracts and then something actually getting built (or burrowed in the case of Costain's tunnelling). Theres also the risk of projects being ditched if government funded. Still, Costain have the edge on the complex engineering stuff imho.
The Carrilion link is actually for a Dubai construction scheme but CLLN are building several hospitals in the UK where they have also cornered the FM contracts on the finished building. CLLN massively shorted at present and loaded with debt and pension obligations - so Costain better positioned and this may explain the better SP performance as well as differing areas of expertise.
I hold a few CLLN and also have some Babcock - who also rely on government infrastructure spending!
SG
By sharegardener

Some real interest & ... by city watcher

  Fri, 03 Mar 2017 09:43:00 GMT
Costain seems to be recovering it's share price to levels that are deserved, in fact the whole construction - support contract sector is doing well.

LINK

Joint Venture £490m
By city watcher

Finals on track by sharegardener

  Wed, 01 Mar 2017 10:10:00 GMT
At first glance, full year results are as good as outlined in Jan update with more net cash, Divi up 15% (Final Div 8.4p - more than my 8.2p top end prediction) and solid order book of 2.9Bn.
Last years acquisitions should help keep up the win rate on the bid pipeline and most contracts are for repeat business and on ''target cost, cost reimbursable basis''. They do seem to have the best tunnelling expertise.
Some concerns:
Pension scheme deficit has gone up substantially to £75M (due to falling discount rate and higher inflation assumptions as with all DB schemes) requiring cash payments of £10M per year.
Trend to Joint Venture bids for complex infrastructure projects will push profit margins lower and they may end up chasing barely viable contracts for simple things like road maintenance.
Overall, Costain look to be positioned for reliable long-term steady returns and now all the shares from UEM (& Al Karafi before that) are sold on, then SP should rise to maybe around 450 if dividend growth maintained in double digits.
Good luck to all SG
By sharegardener

Encouraging results by sharegardener

  Sat, 07 Jan 2017 11:28:00 GMT
Positive update on the full year position with order book maintained and bid pipeline equal to last year. Costain also named as one of the contractors for TFL upgrade projects along with Morgan Sindall & Skanska.
Finals out on 1st March and ex-div 13th April 2017. As the cash position is relatively strong, the dividend will hopefully be pushed up significantly - 8.2p would be good!
Costain are continuing to maintain their strong position on infrastructure projects especially on the project planning side. ''1,200 now in advisory, technology and design service roles''.
The SP has responded well so far and should stay up above 350p from now onfamous last words!
SG
By sharegardener

UEM selling last tranche via placing by sharegardener

  Tue, 29 Nov 2016 22:12:00 GMT
UEM (via York Place) have sold their remaining shares at 340p - all gone to ''high quality institutional investors''. 8.6M shares traded even though this block was around 6.3M.
SP will hopefully now start to move up again back towards 400p.
Last year, the finals trading update was on 6th January 2016 with full year results published in March. It looks like this years results will be stronger and the divi should also increase, perhaps by 10%. Several new contracts including HS2 JV with Skanska are starting.
SG.
By sharegardener

15M shares traded by sharegardener

  Sun, 28 Aug 2016 23:33:00 GMT
Huge volumes on Friday 26th Aug - 15.4million shares changing hands, one trade of 7M going through at 355p.
102.8M shares in issue. Annual report lists the major holders:
UEM Group Berhad 13.8M
Miton 8.7M
JO Hambro 6.8M
From other sources, Blackrock, Henderson, JP Morgan look to have around 4M each with River & Mercantile and Threadneedle not far behind.
Most likely to be UEM selling down their holding into the rise after the H1 results which are fairly respectable but there must be several institutional holders taking profit.
The last time a big holder (Al Kharafi) sold in tranches, the SP sagged for a while then recovered nicely.
Im still holding and added some more in May at 315p but missed the post-referendum bargain price of 270.
Currently, Costain appear to be outperforming Carrillion, though Balfour Beatty are making a bit of a come back.
The recent acquisitions should maintain Costain's edge. I notice Inv. Chronicle had an article on Costain but Im not a subscriber
Good luck all holders SG
By sharegardener

NEW ARTICLE: Costain recovery gathers pace by II Editor

  Wed, 24 Aug 2016 17:03:00 GMT
"I think most people have been surprised by the level of positivity being shown in domestic financial statements this summer. Yes, the likelihood of a technical recession following the shock Brexit vote is still a possibility further down the ..."

LINK
By II Editor

NEW ARTICLE: Costain builds record order book by II Editor

  Thu, 30 Jun 2016 14:23:00 GMT
"There is no escaping Brexit. It's dominated news flow since last week's European Union (EU) referendum, and will continue to do so. The collapse of the banks and housebuilders was expected, but the speed of the recovery was not. Many shares are ..."

LINK
By II Editor

NEW ARTICLE: Costain builds record order book by II Editor

  Thu, 30 Jun 2016 14:23:00 GMT
"There is no escaping Brexit. It's dominated news flow since last week's European Union (EU) referendum, and will continue to do so. The collapse of the banks and housebuilders was expected, but the speed of the recovery was not. Many shares are ..."

LINK
By II Editor

Sellafield work by sharegardener

  Fri, 29 Jan 2016 12:28:00 GMT
from 28/1/16
''Costain, the engineering solutions provider, is pleased to announce that it has been appointed by Sellafield Ltd to their Decommissioning Delivery Partnership, as one of four entities that will deliver a predicted £500m of decommissioning and asset care work on the Sellafield site until 2025. The ten-year Framework also has ‘headroom’ of up to £1.5bn, allowing the Customer flexibility in prioritising and delivering the work.''
LINK
I presume there will be more detailed tendering probably as JV before any contract announcements
SG
By sharegardener

Re: re- in the dark yet again. And other... by Ripley94

  Wed, 20 Jan 2016 13:32:00 GMT
still in 2 thinking of top-up on market fall back.
By Ripley94

Re: someone selling... by Dark Helmet

  Tue, 22 Dec 2015 15:04:00 GMT
Looks like it was Al Kharafi again - now below 3% from being one of the 2 major shareholders. Now only UEM Group left, with 13.5%. Wonder who bought them at the bargain price?
By Dark Helmet

Re: someone selling... by long_sufferer

  Mon, 21 Dec 2015 14:13:00 GMT
I presume with that large a shift in price the company will have to issue a statement? Someone appears to have lost a lot of money selling hundreds of thousands of shares at what is 20p below market OR they know something is coming?
By long_sufferer