Costain (COST)

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Costain COST Logo

The smart infrastructure solutions company

1-Mar-2018 – 442.5p – £467.2m – PER 12.1

Results For The 12 Months To End December 2017 – Strong performance with an 18% increase in Underlying Operating Profit and a recommended 10% increase in the Dividend. Net Cash £177.7m (£140.2m last time).

Quite like the look of this and if the Dividend was slightly better (3% or so at present) it would be more tempting. Just find it hard to see any kind of acceleration in growth here.

8-May-2018 – 476p – £505.2m – PER 12.7

AGM Statement – In-line.

Still quite like the look of this but I find it difficult to see where any real growth can come from at present. Would become more interesting if it pushes through all time highs to the 500p level.

3-Jul-2018 – 431.5p – £459.1m – PER 11.4

Trading Update For The 6 Months To End June 2018 – In-line.

A I mentioned previously, I quite like this but find it difficult to see where any real growth can come from at present – Seems trapped (perhaps rightly) below that 500p level.

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