Would anyone know why there has been such a large number of shares sold and no buying? Is there something we are not aware of?

According to Selftrade the market cap is 122.85m, yet COST have 10m more than that in cash.
2517

Oh well - back to waiting!

Uncrossed @210 +7.1% hmmm

More to come?

Don't forget today was a BAD day.

As the results sink in I would expect further buying

The results were reasonable under the circumstances, but not exceptional. The pension fund deficit: "The deficit in the Group's legacy defined benefit pension scheme as at 30 June 2010 was 56.3 million net of deferred tax" is crippling.
Traders will play this for a while, imo, then back to reality.

you should look at the overall position on the pension deficit - a substantial improvement over the period.

guess you're either a journalist or an MP

Got this via my "Digital Look" email yesterday
From the "Times" on 26th

IMV will reach 250p vey soon and after the November spending review ??? Who knows.

Costain maintains about a third of this countrys motorway network. Those who have spent any time in the slow lane wending their way through roadworks may find its ambition to build nuclear power stations alarming. But this is unfair; the contractor is one of those bidding for the next generation of stations, and it is exactly the sort of added-value design and engineering work that Andrew Wyllie, the chief executive, has been repositioning the business towards since he arrived from Taylor Woodrow four years ago. Progress will be slow, but one to tuck away to see if those ambitions can be realised, according to the Times.

Interim Management Statement.

Overview


On 25 August, the Group reported a strong performance for the first half of 2010 and that it had entered the second half of the year with a good order book, robust finances and a net cash balance in excess of 100 million.


Since then, the Group has delivered a strong operational and financial performance in line with the Board's expectations.


Costain continues to benefit from its 'Choosing Costain' strategy of focussing on targeted blue chip customers in chosen sectors whose major spending plans are underpinned by strategic national needs, regulatory commitments or essential maintenance requirements.


The Group has a proven scale and capability to deliver successfully complex solutions in markets with significant potential including power, waste, rail and nuclear and will continue to broaden its capability in providing a range of lifecycle solutions to its customers.

RNS Number : 8086Y

Costain Group PLC

04 January 2011

COSTAIN GROUP PLC

("Costain" or "the Group")

Costain wins GBP59m Port Talbot highways contract

Costain has been awarded a GBP59m contract by Neath Port Talbot County Borough Council for the Port Talbot PDR project to construct 4.5 km of dual carriageway access road from the M4 Junction 38 into Port Talbot and the Docks as well as completing the link to Junction 42 on the M4 and West Wales.

The scheme includes the construction of a bridge over the Swansea to London railway, railway realignment and signalling works and a new main entrance into Port Talbot Tata Steelworks.

Commenting on the contract award, Andrew Wyllie, Chief Executive of Costain, said:

"We are delighted to have been awarded this contract for Port Talbot which again underlines our position as a market leader in the construction and maintenance of highways in the UK."

4 January 2011

Pre Close Trading Update

Costain, which expects to announce preliminary results for the year ended 31 December 2010 on Wednesday 9 March 2011, is issuing a trading update ahead of entering its Close Period.

Trading update

Since the announcement of the Group's Interim Management Statement on 8 November 2010, Costain has continued to perform well and consequently finished the year in line with the Board's expectations.

The Group's operations have continued to benefit from its 'Choosing Costain' strategy of focussing on targeted blue chip customers in chosen sectors whose major spending plans are underpinned by strategic national needs, regulatory commitments or essential maintenance requirements. Costain has a proven scale and capability to deliver successfully complex solutions in markets with significant potential, including power waste, rail and nuclear and will continue to broaden its capability in providing a range of lifecycle solutions to its customers and, as a result, has entered 2011 with a strong order book and pipeline of opportunities.

As at 31 December 2010, the Group's Forward Order Book was GBP2.4 billion (2009: GBP2.6 billion), and included circa GBP800 million of work secured for 2011.

The order book has benefited from a number of major contract awards during the year, including:

- Bond Street station upgrade, in joint venture, for London Underground;

- 5-year MAC 14 highways maintenance contract

- Highways Agency Managed Motorway framework

- A 10-year nuclear framework contract for Magnox South

- Cable tunnel infrastructure for National Grid

- Welsh Water AMP 5 contract

- Lewisham BSF contract for the construction of four schools; and

- Highways contract for Neath Port Talbot County Borough Council

In addition, the Group is currently preferred bidder on contracts with an aggregate value of more than GBP400 million and the level of tendering activity for the Group's target customers remains very high.

Costain maintained its strong cash position in excess of GBP100 million and no significant borrowings.

The further improvement of the Group's future cash flows as a result of the PFI transfer to significantly reduce the pension deficit, announced with the Interim Management Statement in November 2010, will also strengthen the Group's financial position going forward.

Revised Approach to Mouchel Group plc

The Group has announced separately today that it has approached the Board of Mouchel Group plc with a significantly enhanced proposed all share offer for the entire issued and to be issued share capital of Mouchel.

The Board of Costain continues to believe that there is a compelling strategic rationale for combining Mouchel and Costain, with the significant benefits that such a combination would provide for both sets of shareholders.

Accordingly, the Board of Costain looks forward to discussing this significantly enhanced proposal with the board of Mouchel as soon as possible.

Costain returns with enhanced proposal for Mouchel

Costain to build new bridge across the Thames
RNS Number : 5397Z

Costain Group PLC

17 January 2011

COSTAIN GROUP PLC

("Costain")

Costain to build new bridge across the River Thames

Costain is pleased to announce that it has received the go-ahead from Surrey County Council to construct the new Walton bridge as part of a GBP32.3 million scheme, creating the first major road crossing over the River Thames in almost 20 years.

The crossing, between Walton and Shepperton, is due to be completed by 2013 and will replace two temporary bridges in the area. The bridge will provide improved access to several schools, major employers and shopping centres.

Around 34,000 vehicles use the current road bridge on week days.

The government has agreed to contribute just under GBP23.9 million to the project with the council providing a further GBP8.5 million, which has already been budgeted for.

Andrew Wyllie, Chief Executive of Costain, said:

"We are delighted to be awarded this contract by Surrey County Council, which is the first road crossing over the River Thames to be built in 20 years."

One of the most undervalued stocks in the ftse index.....143 million market cap with more than 100 million pounds in the coffers....no debt or little....more than 2 billion pounds of orders....pays a dividend.....I know there is the pension to sort out...but still the same ...should be over 300p in value....bidding for Mouchel but a bid target itself...?....just has to be coming....!....

Costain to build new bridge across the River Thames


Costain is pleased to announce that it has received the go-ahead from Surrey County Council to construct the new Walton bridge as part of a 32.3 million scheme, creating the first major road crossing over the River Thames in almost 20 years.

The crossing, between Walton and Shepperton, is due to be completed by 2013 and will replace two temporary bridges in the area. The bridge will provide improved access to several schools, major employers and shopping centres.

Around 34,000 vehicles use the current road bridge on week days.

The government has agreed to contribute just under 23.9 million to the project with the council providing a further 8.5 million, which has already been budgeted for.

Andrew Wyllie, Chief Executive of Costain, said:

"We are delighted to be awarded this contract by Surrey County Council, which is the first road crossing over the River Thames to be built in 20 years."

That new bridge will be good. Thames Court in Shepperton is one of my favourite summertime pubs.

Hils - and a fine selection of real ales to boot!

Not really into real ale I'm afraid, Skinners. I'm more a Chablis kind of girl who can knock back VRBs when the need arises.

It's right on the river, so it's good fun to sit outside and just watch the world go by over lunch on a warm summer's day.

Statement regarding revised share and cash proposal to Mouchel Group plc ("Mouchel")

The Revised Proposal comprises 0.5531 new Costain ordinary shares and 30.0p in cash for each Mouchel share which, based on Costain's share price of 222.75p as at the close of business on 20 January 2011 (being the last business day prior to the date of this announcement), in aggregate values each Mouchel share at approximately 153.2p. A mix and match facility would also be provided

The Revised Proposal represents a premium of approximately 171 per cent. to the closing Mouchel share price of 56.5p per share on 3 December 2010 (being the last business day prior to Mouchel entering into its current offer period)

Costain is a future star......sp just has to go through the 300p barrier and way up....