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DRV Driver Group Plc

27.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Driver Group Plc LSE:DRV London Ordinary Share GB00B0L9C092 ORD 0.4P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 27.00 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
26.00 28.00 27.00 27.00 27.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Heavy Construction, Nec 42.63M -336k -0.0064 -42.19 14.19M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 27.00 GBX

Driver (DRV) Latest News

Driver (DRV) Discussions and Chat

Driver Forums and Chat

Date Time Title Posts
22/2/202416:29Driver Group - Global Construction Consultancy476
06/3/201816:32DRIVER GROUP884
25/4/201116:56Duran Ventures1
19/3/201119:52Durant going to $101

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Driver (DRV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 13:18:0926.2016,7554,389.81O
2024-03-18 13:17:5826.0017,0004,420.00O

Driver (DRV) Top Chat Posts

Top Posts
Posted at 19/3/2024 08:20 by Driver Daily Update
Driver Group Plc is listed in the Heavy Construction, Nec sector of the London Stock Exchange with ticker DRV. The last closing price for Driver was 27p.
Driver currently has 52,550,462 shares in issue. The market capitalisation of Driver is £14,188,625.
Driver has a price to earnings ratio (PE ratio) of -42.19.
This morning DRV shares opened at 27p
Posted at 14/12/2023 08:01 by terry236
I don’t think you should ignore share based as it looks to be a constant part of management renumeration.
One offs I believe will relate to their streamlining costs
Posted at 14/12/2023 07:59 by aublune
what are the adjustment charges and why should I ignore share based compensation then eps only 0.06p
Posted at 14/12/2023 07:47 by edmonda
"New strategic plan to further improve margins"

Research report with audio summary now available:

FY23 preliminary results delivered a strong turnaround in profitability on modestly lower revenues, highlighting action taken on costs and improved levels of utilisation. With a solid foundation now in place, we expect the new strategic plan to deliver an uplift in gross margins of c. 20% by the end of FY27. With plans in place to expand top line revenues plus a focus on added value expert services and related sectors, the outlook is bright and not yet reflected in the company’s current valuation in our view.

Year-end cash made up 42% of the Group’s market capitalisation and 37% of the NAV. This values the underlying business on modest ratings. We retain our 40p fair value / share which will be re-assessed as earnings momentum feeds through.
Posted at 14/12/2023 07:45 by 18bt
Agreed battle - slightly better H2 than they had indicated and “encouraging enquiries” should lead to further recovery in 2024. Cap only £13.3m, so £5.8m of cash is a significant proportion and a £1m buy back for a share which yields 5.8% would be both earnings accretive and allow greater dividend cover for future payouts. It looks like it should now be able to deliver £1m of capital returns a year on top of any dividend - unless they can find other investment opportunities. But in most consultancy the only investment is a relatively small amount in people before they become profitable - which is usually Y2 of their employment. Expect a bounce in the shares.
Posted at 14/12/2023 07:41 by chrisdgb
Totally the wrong price......
Posted at 14/12/2023 07:14 by battlebus2
Pleased with these results

Returns to profitability with underlying O/P of £1 million
Revs down slightly due to restructuring
Dividend maintained 1.5p for year
Positive outlook for 24
Cash £5.8 million or 11p per share
Board eyes return surplus cash
Unify global brand under Diales
Posted at 08/11/2023 11:49 by moathunter
I think cyclicality is behind the fall in share price and evidence is mounting that we’re heading for a trough.
UK and EU are where DRV receives half of its revenue- the profitable half! – and the infrastructure and commercial construction sectors (i.e. non-residential housing) are heading for a contraction in 2024 and some of 2025:
- hxxps://www.constructionenquirer.com/2023/10/23/forecasters-now-warn-construction-recession-to-last-to-2025/
-
- hxxps://think.ing.com/articles/european-construction-sector-slows-as-demand-plummets
- hxxps://www.construction-europe.com/news/why-european-construction-could-be-set-for-a-downturn-in-2024/8031406.article
- hxxps://tradingeconomics.com/euro-area/construction-pmi


DRV struggled in 2010/11 as construction shrank, then expanded but had loose financial control in 2015/16 for more losses, then their growth overshot the contraction post-Covid 2021/22 for further losses.
Given this backdrop, the next 2 yrs are at the very best to be flat with nil/negl. profit, and most likely to have minor losses.
Posted at 08/11/2023 10:23 by norbert colon
Valuation and recent price action is very much at odds with the most recent trading update. Some further kitchen sinking has recently been undertaken. Not expecting any surprises but the market seems to think so.
Posted at 08/11/2023 10:19 by terry236
Struggle is this business is a very illiquid micro cap whose recent performance hasn’t exactly been inspiring. Barely any volume traded on DRV most days. Price just continues to drift lower as few want to buy in. If you have a portfolio of decent size you need to be incredibly confident as once you’ve bought in size you’ll be locked in…

The business needs to move on from its recent rocky path and forge back to back less problematic sets of results for the market to take real notice - the share price will double overnight if they can. Until then the only hope for the share price to perform is someone bidding for the business.
Posted at 26/9/2023 06:28 by edmonda
Driver (LON:DRV) - Strategy on track, despite timing issues (new research report available here:

Driver Group has issued a trading update earlier than normal, citing a weak Q3 (reflecting a combination of timing issues and the later Easter) as reasons. Nevertheless, Q4 has witnessed a return to more normal patterns of trading and coupled with the rationalisation programme yet to impact results and the pipeline of orders looking more encouraging, we think the medium-term outlook appears favourable. The further improvement in net cash levels provides the Board with opportunities, not least in its capital allocation policy, including the further return of cash to shareholders. The NAV remains above the current share price.

We expect the NAV to decline modestly during H2, reflecting the slight reduction in profitability. However, at c.£15.8m / 29p per share, which is 8% above the current share price, this provides healthy support for the shares. With the current share price now below levels of previous buybacks and net cash higher during H2, we remain positive over the medium-term.

Reflecting the timing issues witnessed during H2, we reduce our fair value / share from 49p to 40p.
Driver share price data is direct from the London Stock Exchange

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