Driver Share Discussion Threads

[rp19] 04/12/2013 15:28

Nice to see a blue day. GL Pete, I often have a similar problem, do I spread my comparatively limited funds (fairly new to investing) across a greater number of shares (to spread the risk) or focus on fewer shares. In fact, it is a problem I've still not really solved!!

[petersinthemarket] 04/12/2013 10:54

No offense taken effy, for anyone interested there was some very simple logic to my decision to move all CSG and DRV capital to CSG alone and I would be rather surprised if others haven't done the same thing. Everyone can do the maths for themselves but as a rough example on today's prices £1000 spent on CSG stock on 1st July would today have a paper value of over £3000. The same £1000 spent on DRV on the same date would now be worth somewhere around £1300. As I have limited capital I have a choice of two decisions. Spread some of my capital over both in case one flops or choose the one that could potentially make the best paper profit. Admittedly, all eggs in one basket but as both companies are in much the same business, with CSG lagging maybe 12months behind DRV it looks to be a logical bet to make. Only time will tell, but on the above figures even if CSG flags a little it is still a logical bet to make. I remain confident and committed. I hope both succeed but my capital will remain with CSG for the foreseeable future. GL to all, pete

[bigbigdave] 04/12/2013 09:55

Bouncing right off the trend.

[effy123] 03/12/2013 23:50

>effy123 - There's always someone around to shove their fingers in a wound, isn't there?


Sorry Pete, didn't mean to come across that way at all. I was meaning that the timing was rather unfortunate.

I was rather surprised that DRV didn't drop further on the back of the CSG falls.

Nice to see CSG recover some of the earlier losses. Genuinely hope it works out for you.

[bigbigdave] 03/12/2013 10:42

Got to be near support now, roll on the final results.

[effy123] 03/12/2013 10:34

"...I have sold out of DRV to invest both tranches of capital in CSG. Hope its the right decision. GL all, pete...."


Oops...

Unlucky Pete, not quite sure what's happened to cause a 25% drop at CSG today.

[stewpot3] 29/11/2013 10:38

I suspect that the results will be very positive, and will be adding to an already large position on any further weakness.

[interceptor2] 29/11/2013 08:01

Hi BBD, I am still watching closely, I didn't necessarly think there would be a retrace, just some consolidation. I will read the results with interest, but I have February's trading update in mind for a chance to buy back.

Regards ic2...

[bigbigdave] 28/11/2013 20:28

Looks like ic2 got the retrace correct, well done.
You buying back here?

[rp19] 28/11/2013 20:23

Good luck Peter. I dawdled with CSG when the ex chairman was trying to regain control of the company and missed the excellent recent rises.

I think the DRV share price is just having a bit of break after an excellent period. Results are due mid December and the pre close trading statement was positive:

"The Board is delighted with the Driver Group's overall performance in what has been an excellent year for the Company. Headline revenue is significantly ahead of the previous year and profit before tax is in line with management expectations. The year end net cash position is materially better than expected with year end cash expected to exceed £1.0 million".

[shrout] 28/11/2013 17:36

I held these much lower down but got whipsawed out of them, only to see them rise relentlessly for the next 18 months. Finally couldn't stand it any longer and bought back in just below £1. Still holding but feeling a little queezy at this precise moment.

[battlebus2] 28/11/2013 17:18

Still holding myself, i only bought 4k so not panicking thou i'm getting close to breakeven again with my profits all but gone.

[harry the haddock] 28/11/2013 17:07

am ahppy to stick with drv. have amate in the surveying industry and drivers has much the better reputation. something not q right with csg imho

[petersinthemarket] 28/11/2013 16:52

Despite the impressive 12 month share price rise, I have to admit to being really uncomfortable with drv chart in recent days. Compared with CSG, DRV is falling back a little. Hopefully only short term, perhaps until next results. However, once again comparing the DRV and CSG charts, CSG is this year making share price gains at twice the rate of DRV. As a result, I have decided that it is not necessary to be in both and I have sold out of DRV to invest both tranches of capital in CSG. Hope its the right decision. GL all, pete.

[bigbigdave] 15/11/2013 12:30

Final results less than a month away now going by last years date, 12th December.

[rp19] 25/10/2013 12:54

Update on the company, on their website.

hxxp://www.driver-group.com/~/media/Files/D/Driver-Group/Attachments/news-and-article/Driver%20score%20a%20hatrick.pdf?

Most of it already in the public domain, but wasn't aware of the Hard Dollar Corporation alliance.

[battlebus2] 23/10/2013 15:35

Nice buy at 128 over the offer.

[battlebus2] 22/10/2013 20:07

Certainly looks promising bbd given todays rise on little volume. Next stop 140.

[bigbigdave] 22/10/2013 19:33

We might have a steeper chart forming bb2

[battlebus2] 22/10/2013 17:37

Hope so, looks like it could fly imv.

[bigbigdave] 22/10/2013 16:22

next legup here?......

[shrout] 21/10/2013 12:53

the dip nicely fills a gap in the chart...

[petersinthemarket] 21/10/2013 12:33

The 2yr share price chart has been stupendous - wish I had been in much earlier. As near a straight line rise as you could reasonably expect to see anywhere. But this doesn't look like a trading share to me. Support/resistance band is very narrow and adding the spread makes it look like a no-no. If ever there was a buy and hold, this is it IMO,
pete

[bigbigdave] 18/10/2013 16:57

There's your dip ic2 - chart says to me it won't go much lower, but will you gain much after paying the spread and dealing costs?
Rgds, bbd