GoSeigen wrote:BullDog wrote:Costain? I thought it was quite obvious what the catch is with that company. But good luck to you all the same.
No it wasn't obvious top me, which is why I asked for an explanation when you first commented and why I've mentioned it again when you made a similar query about this share.
I'm a long-standing investor in Costain and really am scratching my head here given the business's ongoing profitability and newly declared dividends.
GS
I can't remember the last time Costain made any money on a project. I've lost count of the number of times over the decades they have been near bankruptcy. Hardly surprising when they take work on with either no or low single digit margins. My own experience of Costain from within the energy industries is that they only make any money from mission creep and change orders. It's an awful business to be in. But of course, somebody has to be.
You see things differently and that's what makes a market. Good luck to you with Costain, I hope it continues to be a fruitful investment for you.