Share Name Share Symbol Market Type Share ISIN Share Description
Driver Group LSE:DRV London Ordinary Share GB00B0L9C092 ORD 0.4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +1.11% 45.50p 44.00p 47.00p 45.50p 45.00p 45.00p 30,000 12:05:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 48.0 -1.9 -6.5 - 14.42

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Date Time Title Posts
01/6/201613:19DRIVER GROUP862
25/4/201117:56Duran Ventures1
19/3/201119:52Durant going to $101

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DateSubject
25/9/2016
09:20
Driver Daily Update: Driver Group is listed in the Support Services sector of the London Stock Exchange with ticker DRV. The last closing price for Driver was 45p.
Driver Group has a 4 week average price of 45.03p and a 12 week average price of 39.68p.
The 1 year high share price is 82p while the 1 year low share price is currently 33.50p.
There are currently 31,701,190 shares in issue and the average daily traded volume is 5,416 shares. The market capitalisation of Driver Group is £14,424,041.45.
02/3/2016
11:04
ed 123: Looking at the history of Driver, today's statement won't have come as a complete surprise. The story is a combination of some difficult markets and Dave Webster's inability to manage well a business with £60 million turnover. So, Dave Webster is booted into the non-execs and steps are taken to control costs and grow where markets are stonger. Will that work? For me, there's no point in trying to estimate earnings. At this stage, management can't even do that (except that they expect revenues to be back end loaded), so as a private investor I'd have no chance. I do expect more exceptional costs, though. Thankfully, I got wobbly on this one and exited at 71p. I'll watch out for further updates but won't be hurrying back in. I'd want to see an end to exceptional costs. Share price down 13p at 60.5p atm.
12/10/2015
10:01
interceptor2: free stock charts from uk.advfn.com Always a good idea to be cautious and aware of the negative in all companies held in our portfolio's, and important to highlight to two areas of caution expressed in the recent trading update. The trading update was mainly upbeat with trading clearly picking up from June onwards particularly in the AMEA region where they see global spend increasing to 60% in the next decade. There were a few sentences of caution, yet the CEO buys 200k shares as soon as he is allowed after the trading update. I can only conclude that a CEO buying a significant amount of shares indicates that he can see the risk/reward favour a good rise in the price and sees value at this level. As well as the stronger trading update, the chart pattern and history of director buys is the reason I decided to buy into DRV again. Worth looking at the chart in late 2011 before it turned up and made a significant advance, I think the chart looks similar to what we can see today. Directors bought on 8 separate occasions between June 2011 and January 2012, which was very well timed just before a major advance in the share price. Now between February 2015 to today there have been 6 director buys including the most significant last week from the CEO. In February 2012 I bought in on an ahead trading update at 38p, this time I have bought in earlier in the cycle due to hopefully recognising a similar historic set up. I will look forward to looking carefully at the full year results in December, which I expect to look messy with exceptionals clouding the picture, but the outlook statement should key here, perhaps setting up the company to issues a rather positive trading update in February.
09/12/2014
20:53
rp19: Pleased with the results too and that the second half weighting was met (I see they are forecasting a similar weighting for '15). Always difficult with options, balance of incentivising management vs best interests of shareholders. They do seem generous but I guess if they meet the targets (more likely given seeming focus on bolt on acquisitions) then the share price will look after itself and I'll be happy. Not sure if that justifies it though! Not a chartist but does look like a bit of a base of a bowl forming on the longer term chart, which will hopefully see a return to the 120+ level. No advice intended dyor etc.
09/12/2014
11:17
ed 123: Agree on both counts, Billy_Liar. With about 30 million shares issued, the maximum 1.55 million share options granted would equate to about 5% of the equity. Far too generous imo. Underlying eps reported at 11.2p. These options start to vest if underlying eps reaches 20p by 30 September 2017 and the maximum vests if underlying eps reaches 30p. If they reach that 30p, then the share price may have gone from around 100p to around 300p in three years. Of course I would be very happy if that performance came to pass, but they should go for it without the 'bribe' of options, imv.
16/5/2014
13:32
el1te: This share price movement is very disappointing. Market expectations are for a lowly 8.7p this year Last H1 they made an unadjusted £1.13m. The US and African regions were low down the list and Asia and the Middle East have only expanded since. Revenues from Europe should also have risen, albeit at the cost of investment. Bear in mind that during H1 last year, Asia actually had a £300k lost. That should have fully reversed. Slightly positively, the ZAR has also been moving off its lows in recent months. Profit in the middle east should continue on its upward trend So assuming that results for H1 this year are as good as last year because of all the aforementioned reasons, and the EPS comes in at circa 4.2p. If you then take that results this year will be H2 weighted, and they should be on target for that 8.7p EPS pencilled in by Charles Stanley, at the very least. That gives them a PER of just 10.9. However, if H1 is 4.2p, then you can predict that H2 will be much better than just 4.5p (that is not much of a weighting). In which case they would beat market expectations. Surely investment in Europe couldn't have meant that H1 results this year are worse than last year - that would be a bad sign, and it wouldn't tally with management being 'pleased' with the performance. Add in net cash and a small dividend, and this valuation looks low in my opinion. Cash generation is strong, albeit I'd like to see them try to suppress the trade payables growth (albeit that is a sacrifice of doing business in some of the less developed countries). RSI and MACD both show DRV to be heavily oversold, but not helped by the lack of liquidity. May well add to my holding today or on Monday, ahead of the results. Reckon the market is reading too much into the H2 weighting statement, but we will see. As long as the H1 performance is as good as last years, then there is nothing to worry about. El1te
27/2/2014
09:38
rp19: 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.
22/12/2013
12:26
rp19: Holder here. Enjoyed your detailed write-up. It is a pretty quiet BB here which I think is a positive. I am not very experienced in charts. Would you expect the share price to test the 136.5 p level (ath) a few times before breaking through it?
28/11/2013
20:23
rp19: 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".
29/8/2013
09:41
cfro: Perfectly healthy for the share price to have a cooling off period imo. Much more to go for here though medium term. Charles Stanley are forecasting PBT of £3.1M and eps of 8.8p for YE Sep 2013 and PBT of only £3.3M and eps of 9.15 for YE 2014, which is only a miniscule 4% increase. I can see these forecasts being smashed. Trading statement due in early Oct, so not long to wait to find out how well they are going.
28/8/2013
20:07
superstardj: About time that some of the heat came out of the share price. I have little doubt that things are progressing well and in due course we will have confirmation of that in a trading statement. But for the present there was too much steam and froth in the share price A healthy retrenchment in my humble opinion.
Driver share price data is direct from the London Stock Exchange
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