You are here: Home - Investing - Experienced Investor - News -

Share of the Week: Costain

0
Written by: YourMoney.com
30/07/2018
Graham Spooner, investment research analyst at The Share Centre, picks infrastructure specialist Costain as stock of the week.

This week’s share of the week is British construction and civil engineering solutions provider, Costain. Due to announce its half year results in mid-August, the group has remained upbeat about its financial position, recently announcing that it expects to meet expectations.

Boasting a strong order book standing at £3.7bn and a strong balance sheet, though unchanged from its update earlier in the year, it reported in July that it is  a preferred-bidder for a £400m contract. The group are involved in high profile projects such as Crossrail and London Bridge station; the success of the M6 smart motorway contract has allowed it to establish itself as a leading smart infrastructure company.

The group is also beginning to place increased emphasis on the importance for combining technology and infrastructure which in turn is creating more opportunities. Management highlight the fact that customers are increasingly looking to consolidate their supply chains and give more work to companies that have delivered projects on time and to budget. Costain look to be increasingly well placed to benefit from this.

Improving the infrastructure system in the UK is something that the majority of political parties agree on. Costain looks set to be a beneficiary of this over future years. We recommend the shares, which have fallen back over the last month, as a long-term ‘buy’ for a medium risk balanced portfolio.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
flood, floods, flooding
Flash flood warning: how to protect your home

The current hot weather increases the chance of flash flooding, when a vast amount of rain falls within a short...

Close