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?

nice contract win rns out today 400m jv agreement.

Personally, I think they are being held back prior to the interim results, if they declare a divi, rerating could be on the cards if they don't may drift sideways at this level until the next update, in any event 50 p break may signal that the results/content is going to be poisitive.

From another angle how long can Costain continue as an independent surely one of the many UK or international contractors may start to see Costain as a favourable bolt-on, aquisition. Alternatively they may decide to bolt-on a smaller contractor.

When you sit down and analyse Costain they look very attractive on numerous fronts

agree ellio- if they could resolve the pension thing and offer a dividend it would make a more attractive buy for investors.

not the only co with this issue but i think long term others will follow rentokil now coop strategy on alternative arrangements for final salary pension.

forward order book looking encouraging though.

will cost get a slice of the nuclear building pie?- viewed their web and highlighted in company magazine. in a position to decommission old and build new. already active in this sector.

late push for cost, 50p break will be good

i have 48p as resistence i think the reason for it trading slowly. through 50p would confirm a breakout!

we need some buying the spread is geared to try and push through resistence.

major resistance at 50p, just bounces off it every time

i think the resistance was around 48p mark ellio- i think this is just a psychological level in trading terminology. it is getting there!>

yes you're correct, 50p would confirm

50p+ for break out!

hoping

I HOPE WE GET A DECENT RUN UP TO RESULTS?.- i think it was mentioned that second half figures should be much improved as contracts were geared from this time.

hope so, 48p is painfull

The year has seen significant contract wins especially in water and roads. In
water, where Costain has a market-leading position, a number of the five year
framework water contracts have the option of being extended by a further five
years. As at 31 December 2005, the Group had a record forward order book of
1.9bn.

Amec or others may come-in for Costain, they would be easily absorbed by many of the international contractors, similar could be said of others of course, but Costain should be nearer 60p imo, hopefully the results will agree, we shall see and hope!

?.

ellio- we need something to put life into this bugger!. i see the potential there but obviously the mkt doesn't at this stage. results need to be encouraging.

I'm hope they are good as there is major resistance at 48p, makes me want to pull out! but am hoping it's being held for a reason?

i'm riding the storm until results if not positive will move on.