Four to buy
Costain Group
Shareholders haven’t forgiven this infrastructure specialist since it “got itself into a terrible tangle” with two projects a few years ago, forcing it to seek £100m in extra equity in 2020. But the shares are now heavily discounted on ten times forecast earnings. Indeed, after adjusting for pensions and leases, the £167m in net cash on the balance sheet actually exceeded the market capitalisation as of 28 November. The shares are
