A week ago, it was reported that fund manager Roland Arnold reckoned that the recent price fall in the shares of the Costain Group (LON:COST), my favourite infrastructure business, was ‘an overreaction’, having fallen from 166.80p on the day of its latest results, down to 124.40p three weeks later.
Institutional Investor Comment
Roland Arnold, boss of the £660m BlackRock Smaller Companies Fund (LON:BRSC), stated that:
“The decline was attributable to a reduction in transportation as a result of expected road project completions and delays in some major infrastructure contract...
