Driver Share Discussion Threads

[chrisdgb] 15/4/2024 10:55

Agreed, certainly in the market doesn't care category......

[norbert colon] 15/4/2024 10:14

Expecting a trading update in the next couple of weeks. Prelims highlighted a leaner cost base going into 2024. Valuation almost at an all time low seems anomalous.

[tradertrev] 26/3/2024 21:25

Not enjoying this slide in the share price. Do we assume that H1 hasn't gone very well?

[spooky] 22/2/2024 16:29

They indicated very clearly that they intended to buy back shares, but there still hasn't been an announcement. I am not impressed with managements slow progress with this.

[chrisdgb] 22/2/2024 14:52

Did well on takeovers last year and I firmly believe the true recovery will never be seen with this one as someone will get there first......

[norbert colon] 05/2/2024 14:25

New office open in Dublin for Driver Trett

[chrisdgb] 18/12/2023 09:33

Agreed, all looking much brighter here for 24'........

[terry236] 15/12/2023 19:01

Agreed Spooky, a lot more upbeat about future growth prospects

[spooky] 15/12/2023 16:16

I have just watched the results presentation, as i have a number of times in the past. Is it just me or was the tone of this one significantly more positive and growth orientated? A lot of previous conversations have concentrated on resolving problems, not a lot of that in this one.

[battlebus2] 14/12/2023 16:53

I agree spooky.

[dan_the_epic] 14/12/2023 15:16

sure they should shrink cental costs, but there would come another batch of restructuring charges and cash cost

driver takeover has been rumoured by bulls as a bull cases for what feels like the last 10 years. If it aint happened by now with the stock on its knees why will it ever happen. takeover optimism is a lazy reason to buy any stock

[spooky] 14/12/2023 15:13

If they were acquired by a larger group with activities in connected businesses, what would happen to the central cost charge Dan the Epic?

[terry236] 14/12/2023 14:57

A smaller group would require smaller central costs

[dan_the_epic] 14/12/2023 14:52

it does not work like that you have a 3.7m central cost charge to swallow up and another 0.8m of central costs and sbp charges and then taxes

[terry236] 14/12/2023 13:46

Bin the rest off and you’ve got a well profitable business at this market cap…
Why focus on being near global when it hasn't been nor isnt working. The time it must take management to try run it too, must add a tonne of extra cost to oversee each region.

[spooky] 14/12/2023 12:40

Europe and Americas made £5.285m, thats the figure you need to be focussed on IMO.

[saint or sinner?] 14/12/2023 08:04

From the Chief Financial Officer: LOSS FOR THE YEAR (0.33)

So the comments about return to profitability are typical smoke and mirrors BS. How on earth can you add back non-recurring costs to say you are now profitable?

Maybe they will diversify into selling snake oil next?

[terry236] 14/12/2023 08:01

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

[battlebus2] 14/12/2023 08:01

You shouldn’t, it’s been happening from day 1 so I guess we live with it.

[aublune] 14/12/2023 07:59

what are the adjustment charges and why should I ignore share based compensation then eps only 0.06p

[terry236] 14/12/2023 07:55

Certainly a better set of results though

[terry236] 14/12/2023 07:55

I don’t see why they waste their time int he ME and APAC they’ve been underperforming for years - why not just shut it? Or is the overseas potential part ownership precluding this - that way they get their money owed from clients in each region before then offloading all?

[battlebus2] 14/12/2023 07:50

Remember the days when we traded at ;0p plus. ✅🤣

[edmonda] 14/12/2023 07:47

"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.