Driver Share Discussion Threads

[superstardj] 28/2/2014 09:23

The handful of shareholders at the AGM yesterday were treated to a very frank Q&A session lasting over half an hour. The Chairman and CEO fielded questions from the floor with very full answers within the confines of the rules. Of particular note was the tour-de-force across all the geographical regions. It was made quite clear that the South African hospital contracts are delays, not cancellations, caused by the weakness in the Rand having pushed up the fit-out costs given that much of the medical equipment is coming in from Europe. Also the fledgling US operation is very much on probation and Driver is not prepared suffer losses for a prolonged period. The group was bullish about A-Pac and the medium term prospects in Oz, Singapore and HK. Lastly there was reassurance that management will only go along with forecasts by brokers that it is confident of meeting at present or possibly exceeding in due course as we get further into the year. The general view of those present seemed to be that we are dealing here with a confident, conservative team whose motto might be 'under-promise, over-deliver'.

[rp19] 27/2/2014 09:38

Would agree with all of the above really - solid enough update. I think my strategy will be to hold and add on any significant share price weakness.

[tudes100] 27/2/2014 09:14

Based on last results as an approximate percentage of revenue - Europe 53%, Middle East 32%, Africa 10%, America 2%, Asia Pacific 4.5%.
Sounds like a solid statement to me as even with some issues with Africa / US would expect Trett acquisition and positive global macro trend to ensure growth elsewhere more than outstrips any of the softer markets.

[hastings] 27/2/2014 08:38

Agree with you Stegrego and El1te. Looks to be on track and as pointed out, the weaker areas are smaller contributors.

[el1te] 27/2/2014 08:33

Yes - Half expected that to be honest. Some investors probably read about Africa and the US And decide to sell despite thereality being that the impacts are negligible.

Much lower and I'll be tempted to top up. Good value here compared to the wider market

[stegrego] 27/2/2014 08:30

Statement read OK to me, yet it's being sold.

[el1te] 27/2/2014 07:29

Good update: Asia trading ahead and Europe/Middle east showing growth but America and Africa behind. Luckily the latter two account for a very small proportion of total revenue so not an issue

Overall trading thus in line with expectations

[hastings] 25/2/2014 13:27

Mmm typical!

[rp19] 25/2/2014 13:18

Looks like your article has sent the price the wrong way though!

[hastings] 25/2/2014 13:01

Glad you like the read RP19,nicely run company by the look of things.

[rp19] 25/2/2014 12:42

Thanks for the link hastings, I often have a scan of the 'Private Punter' column. A good read. AGM Statement on Thursday 27th too, which will hopefully provide a positive update.

[hastings] 25/2/2014 11:15

comment may be of interest.

hxxp://www.cambridge-news.co.uk/Business/Private-Punter/AIM-listed-Driver-Group-heads-forward-with-just-the-fundamentals-20140225093338.htm

[rochdae] 24/2/2014 20:49

Thanks Tudes100. Let's hope for a positive AGM statement...

[tudes100] 17/2/2014 16:07

yes, nice movement, nice quiet board.
AGM is Wed 27th Feb so sure we'll get an update that morning, looking good though.

[rp19] 17/2/2014 14:44

Nice rise over recent days. AGM (and accompanying statement) was 28 Feb last year.

[harry the haddock] 23/1/2014 12:07

bought a load more on this dip

[madmix] 23/1/2014 11:53

Well, I'm happy to add at these levels.

The outlook statement reads well :

"We see the coming year as one in which we will continue to grow and benefit from the investment made in 2013. This growth is likely to come from increasing utilisation levels and taking of market share in America and Asia Pacific in particular together with opportunities to further expand in the Middle East.

We are delighted, across the Group, by the way our current financial year has started and particularly in Asia Pacific which is showing early signs of benefitting from last year's investment. Europe and the Middle East continue with the momentum experienced as we exited our last financial year. We have visibility of our first quarter performance and our secure work beyond the first quarter together with a strong pipeline of opportunities ahead which gives the Board a high level of confidence in the outlook for the remainder of the financial year."

[pj 1] 23/1/2014 11:10

Have 140p pencilled in for this before reviewing. Low vols too so tring to ignore the noise

[cupra kid] 23/1/2014 10:38

L2 has firmed so you be correct there PJ

[pj 1] 23/1/2014 10:30

I'm hoping 111p is support :-//

[cupra kid] 23/1/2014 10:23

Been watching this company for the last couple of months and hoping to get in nearer to 100p. A few more pence and I'll take the bait.

[pj 1] 22/1/2014 10:59

hmmm Bid and offer now equal x5000, spread widened to 4.2%

Somethings going on................

[rp19] 17/1/2014 12:31

Hopefully you bought before 10am this morning.

[salpara111] 16/1/2014 22:45

Had a look at this one in the past but was waiting for a bit of a retrace and now it seems to have got there.
Fundamentals seem strong so I think I will take a stake.

[pj 1] 14/1/2014 19:25

A lot seemed to depend on the Woods contract win, maybe the quiet period has caused some worry? I have 9.1 and 9.5 eps 2014/15 and was expecting an upgrade to those. Has anyone seen anything?