What is going on at Costain?

By Tony Williams2020-03-12T06:46:00

Yesterday’s results were truly terrible, says one analyst

Younger readers may or may not have been born in May 1989. But on the 14th of that month, Costain’s share price was £24.49. People think I am making it up when they looked yesterday (11 March) at a share price of £1.10, which is also 30% lower than Tuesday; and pretty much half of what it was at Christmas.

Yes, the UK equity market re-visited bear market territory on Monday (20% off its peak) due to COVID-19 but this is different.

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