Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
Register now or login to post to this thread.

What prospects for Costain (COST)     

paperbag - 21 Sep 2004 13:28

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?
Chart.aspx?Provider=EODIntra&Code=COST&S

lizard - 20 Mar 2006 15:44 - 95 of 369

still being held!?- positive day on the buying front about 730k v 200k!.

lizard - 21 Mar 2006 11:53 - 96 of 369

held back AGAIN - 1.8m buys v 98k sells. still frustrating.

ellio - 21 Mar 2006 11:57 - 97 of 369

They will need to find some sellers soon, presumably they were them at 56.5p, we shall see, it'll take a while I'm sure to get to 70p! it's coming though.

ellio - 24 Mar 2006 13:21 - 98 of 369

Looks like we have a new level! 55p solid from here

ellio - 24 Mar 2006 16:21 - 99 of 369

Patience my boy!

ellio - 27 Mar 2006 09:32 - 100 of 369

LIZ, YOU GONE ON YOUR HOLIDAYS!

lizard - 27 Mar 2006 10:52 - 101 of 369

ellio, sold stake in cost - want to take more risk. but think this is a decent stock with encouraging med /long term potential. i like the look of goo and have increased holding!.

pjstanton - 27 Mar 2006 14:57 - 102 of 369

Somebody took a few today with a buy of 550k
Slowly but surely up to 75p by next results I suspect

Peter

ellio - 27 Mar 2006 15:19 - 103 of 369

Think we'll see it sooner than tht Pj!!

My bet is a break of 60p soon, before working to 70p by May, now there's optimism, if we get a big contact announcement along the way or some news, 75p easy, 2-3 months max

Pj, am expecting 100p+ for cost.

ellio - 31 Mar 2006 09:28 - 104 of 369

tapping on the 60p door.

ellio - 31 Mar 2006 09:28 - 105 of 369

tapping on the 60p door.

cynic - 28 Apr 2006 14:43 - 106 of 369

there are plenty of more clever peeps than i who frequent this site, who may (dis)agree with me, but from what i can see, this company looks to be well undervalued ..... though i am sure it will not provide the fireworks of some of the commodity stocks, i have been more than happy to top up my holding just now.

my recommendation assuredly will not meet the approval of some who have the patience and brains to research in depth, but would be more than happy to hear more

ellio - 28 Apr 2006 16:33 - 107 of 369

Costain is solid!! great value long-term, as you say steady as she goes don't expect the fireworks, I have a new short term target of 65p, 3-6 months

pjstanton - 15 Aug 2006 14:25 - 108 of 369

Results fairly soon I think??
Anyone know the dates and can post them here, thanks.

Peter

pjstanton - 12 Sep 2006 12:19 - 109 of 369

From the "iii" board
=======================================

Costain
Target price and estimates up on back of more focused strategy
We have raised our share price target by 13% from 54p to 61p, taken the
recommendation from Add to Buy and nudged up our underlying
estimates in the wake of the recent interim results. Although these
involved hefty closure costs and restructuring losses, we believe the
group is more focused and lower risk than in the recent past.
Our target is a 20% discount to our sum of the parts - a prudent view taken as a
result of the H1 losses and the relatively weak balance sheet. But we are likely
to narrow this over time if the group avoids further disappointments.
It involves, in our view, fairly undemanding multiples based on our estimated
normalised margins and a 30% tax rate (see below). The 45m PFI valuation is
probably low in the light of the recent Carillion disposal.
The target equates to a 2006 P/E of 12.9x, falling to 11.5x for 2007 and 10.0x for
2008 - low against peers even given the recent (temporary in our view) breach of
Ebitda multiple banking covenant.
We have increased our 2006 pre-exceptional PBT by 2.4% from 21.2m to
21.7m (assuming now that the 3.5m PFI gain is underlying not exceptional)
and by 1.3% for 2007 (see below). We have pushed the start of dividend
payments to 2007.
We have been impressed by the more focused strategy brought in by new CE
Andrew Wyllie and FD Tony Bickerstaff, both from Taylor Woodrow
Construction. The emphasis has been on working in fewer sectors and with
better quality clients in Civil Engineering and Building as well as attempting to
overhaul the risk structure. The first act has been the bold move of summarily
closing the loss-making International division (previously a Costain "sacred cow"
in our view) and a commitment to closely monitor the loss making but, in our
view, sound Oil & Gas engineering business. Orders in the ongoing business
were up 19% at the half year, indicating solid demand.

--------------------------------------------------------------------------------

pjstanton - 29 Sep 2006 09:55 - 110 of 369

Start of the "Big Push" ???
0.75p is still my target

Peter

pjstanton - 02 Nov 2006 08:52 - 111 of 369

Been away 4 a while.
Going on nicely, slow but sure

Well well, a long term incentive plan priced at one pound per share, and with the shares back to the year high it bodes well for the next year and beyond.
Still keeping my eye out and my holding in Costain
=========================================================================

Costain Group PLC
10 October 2006


Costain Group PLC
('the Company')

Long-Term Incentive Plan

The Company announces details an Award in the form of an option with an exercise
price of 1 per exercise (whether on exercise of the entire Award or any part of
it) over 576,310 ordinary shares of 5p each made on 10 October 2006 under the
Costain Group PLC Long-Term Incentive Plan (LTIP) the award can only be
exercised on the achievement of specified performance conditions after the end
of the Company's Financial Year ending 31 December 2009. An Award was made to
the following Executive Director:


Name: Number of Shares subject to the Award

Mr A O Bickerstaff 333,333


Other Awards were made on 10 October 2006 under the LTIP to employees who are
not Executive Directors of the Company.


Contingent Awards

Pursuant to the terms of Mr Bickerstaff's agreement the Company granted to Mr
Bickerstaff on 9 October 2006:



a. a contingent Award of 120,000 ordinary shares of 5p each in the capital of
the Company. The Award will vest dependant on the extent to which certain
performance targets are satisfied for the Financial Year ending 31 December
2007; and

b. a contingent Award of 350,000 ordinary shares of 5p each in the capital of
the Company. The Award will vest dependant on the extent to which certain
performance targets are satisfied for the Financial Year ending 31 December
2008.


10 October 2006

Enquiries:


Costain Group PLC Tel: 01628 842575
Clive L Franks, Company Secretary

College Hill Tel. 020 7457 2020
Mark Garraway
Matthew Gregorowski

pjstanton - 02 Nov 2006 19:16 - 112 of 369

Ellio you were not too far out in your prediction, a few more days and I reckon we'll see the 65p.

I'm telling you chaps and chapesses, this stock is a screaming buy up to 75p.
After that I could not say, but it could even go further.

Watch this space

Peter

pjstanton - 08 Nov 2006 09:07 - 113 of 369

Free Sunshine for some on this cold & foggy morning
===================================================

Costain Group PLC
08 November 2006



Costain Group PLC

('Costain' or 'the Company')



Analyst and Investor Site Visit

Costain is hosting a site visit for UK analysts and institutional investors to
its property developments in Southern Spain over the next two days. During the
course of the trip, senior and operational management will be giving
presentations on the Group's Spanish property activities, business development
and activities in the Nuclear sector. These presentations will be available on
the Company's website,
www.costain.com
during the course of the morning.

No new material information will be disclosed during the visit, nor will there
be any statement on current trading.



8 November 2006


pjstanton - 17 Nov 2006 17:36 - 114 of 369

Still creeping up and a very low p/e

Going to make the targets by year end IMHO

Peter
Register now or login to post to this thread.