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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Discoverie Group Plc | DSCV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 17.00 | 2.38% | 730.00 | 16:35:05 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 716.00 | 695.00 | 741.00 | 730.00 | 713.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 16/12/2019 13:52 by rivaldo Good to see DSCV tipped again on Master Investor:"discoverIE Group (LON:DSCV) – broker positivity Brokers Panmure Gordon have initiated coverage of this electronic components designing and manufacturing group. They rate the shares as a ‘buy’, looking for them to rise to 615p, which is not as high as Peel Hunt are aiming for – they go for 650p and also state that they are a ‘buy’. The recent 33% rise in first-half profits and a record order book suggests that these brokers are onto a winner. Closing the week at 538p the shares still have big upside potential." |
Posted at 04/12/2019 06:55 by rivaldo Tipped on the Master Investor web site featuring Peel Hunt's increased 650p target price:"discoverIE Group (LON:DSCV) The customised electronics designer, manufacturer and supplier announced, on Thursday, its interims to end-September. They recorded a 10% increase in revenue to £232m and pre-tax profits of £10.4m, which was up an impressive 33%. Earnings at the halfway stage were 28% better at 9.1p per share, while the dividend was raised just 6% to 2.97p a share. At the period end the group’s order book stood at £153m, which was up a healthy 15%. The group stated that it is trading in line with market expectations for the full year. In early August I profiled the company at 438p and set a 550p target price by the end of next year. After the results I was pleased to see that broker finnCap has upped its target from 535p to 579p. And even more so to see Peel Hunt increasing their sights from 530p up to 650p. The shares close the week trading at around the 550p level, so I am obviously very pleased that my target price has been scored so soon." |
Posted at 20/10/2019 21:15 by rivaldo The latest from Mark Watson-Mitchell in his market round-up:"discoverIE (LON:DSCV) Much as predicted, this innovative electronic components group is on the acquisition trail again. On Thursday morning it announced the £70m acquisition of Sens-Tech together with a £33m Placing of 8,034,840 new shares at 415p each. That was a 3.9% discount to the closing price on Wednesday night. The high margin Sens-Tech is a UK-based designer, manufacturer and supplier of specialist sensing and data acquisitions modules for x-ray and optical detection applications. It supplies customers in the transport security, medical, food processing and industrial markets. This is possibly one of the group’s largest acquisitions to date. The £58m cash down and £12m on profit achievement deal looks to fit in perfectly with the group’s expansion plans. It will create further opportunities for organic growth. The Placing funds will be boosted by existing debt facilities to complete the purchase. This deal gives investors a useful opportunity to get in some cheaper stock. Even six of the company’s directors bought more shares in the Placing. I profiled the company in early August at 438p, with a target price of 550p by the end of next year. I remain fixed with that target. On Friday morning I noted that brokers Peel Hunt have just increased their target from 500p to 530p. |
Posted at 08/8/2019 22:19 by rivaldo Tipped as a Buy tonight on Master Investor - hopefully new highs tomorrow? IMO his 550p target in a year may be quite light if DSCV make the acquisitions they've been promising, as the current rating in itself isn't very demanding.Mark Watson-Mitchell seems to share my taste - he's also tipped CAPD and HMLH recently, both of which I hold: Extract: "discoverIE Group aims to double earnings within five years By Mark Watson-Mitchell 08 August 2019" "The group, which has a solid balance sheet, has some good growth company strategic aims – including providing its investors with returns of 15-20% per annum, to continue building revenues, to acquire high quality businesses, to carry on internationalising the business, together with providing a progressive dividend, and best of all is its target to double its earnings per share within the next five years. Its shares at just 438p are trading below that of the average of its peers, which would put them out at 510p. However, I rate them higher, especially if it can achieve its aim of doubling its earnings per share within five years. I suggest a target price of 550p taking just a one-year view.£ |
Posted at 15/4/2019 15:52 by rivaldo Thursday to be precise..... |
Posted at 11/2/2019 07:21 by rivaldo Cheers mfhmfh - to give the Mail credit, they caught on to the transformation here faster than most.Nice summary and tip. Here's the conclusion: "Customers include multinationals such as Siemens, Rolls-Royce and Airbus, as well as hundreds of smaller companies. No single client accounts for more than 4 per cent of turnover – which again makes DiscoverIE a more robust business than it was before. The company has grown both organically and through a series of acquisitions. Jefferies has bought 13 businesses in the past decade and now aims to buy about two a year, always looking for high quality, well managed firms producing niche electronic components. Brokers expect a 10 per cent increase in turnover to £428million for the year to March 31, 2019, with profits rising 27 per cent to £27.7million. A dividend of 9.5p is pencilled in, up from 9p last year. Midas verdict: DiscoverIE has soared in value during Jefferies’ stewardship and investors have benefited. But there should be more to come. At £4.07, the shares remain attractive." |
Posted at 07/8/2018 13:29 by mr_spock eggbaconandbubble - I agree. Increased likelihood of no-deal Brexit and Trade War has spooked investors and many small/midcaps are experiencing 'strange' selloffs. Distinct lack of good news to balance out the bad (although world economies generally doing ok).See this as a buying opportunity (DYOR), but there's no news here until October so no rush. DSCV doing very well. Summary of Q1 update: - Group sales in the period increased by 12% CER - Orders increased by 16% CER. - Group order book, of which over 80% is for delivery over the next twelve months, rose to a record high of £135m, up 20% CER year-on-year and up 13% organically. - Design & Manufacturing division, which generates around 75% of Group profits, saw broad-based organic growth with sales increasing by 5% and orders by 13% on an organic basis. |
Posted at 07/6/2018 11:52 by rivaldo Tipped here - good to see someone else gets the reason for the continuing re-rating:"Why I'd buy this growth stock as it crushes the FTSE 100's performance Jun 5th 2018 9:35AM Full-year results from DiscoverIE Group (LSE: DSCV) today were encouraging. The electronic components designer and manufacture delivered some robust figures and said that in the trading year to 31 March it experienced "strong growth in sales, earnings and the order book"- music to the ears of those following the firm's growth story. The share price hasn't moved much today (so far), suggesting that the market expected decent trading figures. However, the stock rose around 100% over the last year or so, driven by perky forward earnings projections and a valuation re-rating. That's a performance that crushed returns from holding a FTSE 100 tracking fund over the period and is a good example of why it can be lucrative to invest in smaller firms outside the footsie as long as we do thorough research first. I think the operational and share price momentum looks set to continue, so I'm hanging onto my shares. Good figures Compared to the previous trading year, revenue elevated 11%, underlying operating profit lifted 18% and underlying earnings per share moved 16% higher. The directors expressed their confidence in the outlook by pushing up the full-year dividend by 6%. Chief executive Nick Jefferies said in the report that the firm's design and manufacturing division achieved "strong" organic growth in both revenue and profits during the year, and an efficiency programme boosted profits in the company's custom supply division. The order book moved 12% higher and, in order to cope with the increased demand, the company invested in additional production capacity at sites in India, Slovakia and South Korea. During the current trading year, the directors plan to invest further funds in China and Rotterdam. Looking forward, Mr Jefferies said the new trading year started with "continuing growth in orders and sales" and DiscoverIE is "well positioned" to benefit from the ongoing technology changes unfolding in the firm's target markets. Trading up the value chain The growth agenda seems clear with the firm stating that it aims to increase sales "well ahead" of Gross Domestic Product (GDP) over the economic cycle by "focusing on structural growth markets." The plan involves shooting for both organic and acquisitive growth and "moving up the value chain" to further increase revenues in the "higher margin" design and manufacture (D&M) division. Progress so far has been brisk, with the company earning around 71% of its operating profit from the D&M division during the year and 29% from Custom Supply. The directors have their sights set on expanding sales in North America and Asia in order to "internationalise the business." One of the things I find most attractive about the firm's business model is that it designs and manufactures "application-specifi The company's journey from distributor to specialist designer and manufacturer is transforming its prospects, and I think the growth strategy looks set to drive further investor returns from where we are now. This one is well worth your research time, I reckon." |
Posted at 19/3/2018 13:40 by rivaldo Yep, 550,000 shares traded already today. Nice comeback too.Edison have produced a new research note today, suggesting that at 412p DSCV are at a 14% discount to its peer group: "At the recent Capital Markets Day, discoverIE management confirmed the company’s strategy to grow the business through a combination of organic growth, and acquisition of design and manufacturing businesses. The integration process is designed to retain the entrepreneurial spirit of acquired businesses while taking advantage of the group balance sheet and central functions, to drive good organic growth post acquisition. Management aims to provide investors with a progressive dividend and a return of 15-20% pa." "Valuation: Still trading at a discount The stock is trading on an FY19e P/E of 16.4x, at a c 14% discount to the peer group average. Continued growth in the proportion of revenue generated from design and manufacturing should support operating margin expansion, and should help to reduce the valuation discount. The stock is also supported by a dividend yield of more than 2%." |
Posted at 14/12/2017 14:43 by rivaldo DSCV are presenting to investors on January 25th in London - just register here for free:https ://www.proactiveinve Good to see the company being "proactive" and looking to expand their investor base. |
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