Discoverie Dividends - DSCV

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Stock Name	Stock Symbol	Market	Stock Type
Discoverie Group Plc	DSCV	London	Ordinary Share

	Price Change	Price Change %	Stock Price	Last Trade
	18.00	2.85%	649.00	16:35:10

Open Price	Low Price	High Price	Close Price	Previous Close
629.00	629.00	655.00	649.00	631.00

more quote information »

Industry Sector
SUPPORT SERVICES

Discoverie DSCV Dividends History

Announcement Date	Type	Currency	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
14/06/2022	Final	GBX	7.45	31/03/2021	31/03/2022	23/06/2022	24/06/2022	02/08/2022	10.8
30/11/2021	Interim	GBX	3.35	30/03/2021	30/09/2021	16/12/2021	17/12/2021	14/01/2022	0
30/06/2021	Final	GBX	7	31/03/2020	31/03/2021	10/06/2021	11/06/2021	03/08/2021	10.15
30/11/2020	Interim	GBX	3.15	30/03/2020	30/09/2020	17/12/2020	18/12/2020	15/01/2021	0
28/11/2019	Interim	GBX	2.97	31/03/2019	31/03/2020	12/12/2019	13/12/2019	06/01/2020	2.97
04/06/2019	Final	GBX	6.75	31/03/2018	31/03/2019	13/06/2019	14/06/2019	30/07/2019	9.55
04/12/2018	Interim	GBX	2.8	30/03/2018	30/09/2018	20/12/2018	21/12/2018	14/01/2019	0
05/06/2018	Final	GBX	6.35	31/03/2017	31/03/2018	14/06/2018	15/06/2018	31/07/2018	9
28/11/2017	Interim	GBX	2.65	31/03/2017	31/03/2018	21/12/2017	22/12/2017	15/01/2018	0
06/06/2017	Final	GBX	6.05	31/03/2016	31/03/2017	15/06/2017	16/06/2017	28/07/2017	8.5
29/11/2016	Interim	GBX	2.45	31/03/2016	31/03/2017	22/12/2016	23/12/2016	13/01/2017	0
01/06/2016	Final	GBX	5.72	31/03/2015	31/03/2016	09/06/2016	10/06/2016	29/07/2016	8.05
30/11/2015	Interim	GBX	2.33	31/03/2015	31/03/2016	24/12/2015	29/12/2015	15/01/2016	0
04/06/2015	Final	GBX	5.4	31/03/2014	31/03/2015	11/06/2015	12/06/2015	31/07/2015	7.6
27/11/2014	Interim	GBX	2.2	31/03/2014	31/03/2015	29/12/2014	30/12/2014	16/01/2015	0
05/06/2014	Final	GBX	6.85	31/03/2013	31/03/2014	11/06/2014	13/06/2014	31/07/2014	9.35
29/11/2013	Interim	GBX	2.5	31/03/2013	31/03/2014	23/12/2013	27/12/2013	17/01/2014	0
04/06/2013	Final	GBX	6	31/03/2012	31/03/2013	12/06/2013	14/06/2013	31/07/2013	8.5
30/11/2012	Interim	GBX	2.5	31/03/2012	31/03/2013	26/12/2012	28/12/2012	18/01/2013	0
29/05/2012	Final	GBX	5.5	31/03/2011	31/03/2012	13/06/2012	15/06/2012	27/07/2012	8
28/11/2011	Interim	GBX	2.5	31/03/2011	31/03/2012	28/12/2011	30/12/2011	20/01/2012	0
01/06/2011	Final	GBX	5.14	31/03/2010	31/03/2011	15/06/2011	17/06/2011	29/07/2011	7.47
29/11/2010	Interim	GBX	2.33	31/03/2010	31/03/2011	29/12/2010	31/12/2010	21/01/2011	0
01/06/2010	Final	GBX	2.34	31/03/2009	31/03/2010	16/06/2010	18/06/2010	30/07/2010	4.67
25/11/2009	Interim	GBX	2.33	30/03/2009	30/09/2009	27/12/2009	29/12/2009	22/01/2010	0
26/11/2008	Interim	GBX	3.5	30/03/2008	30/09/2008	03/12/2008	05/12/2008	23/01/2009	0
01/06/2009	Final	GBX	3.5	31/03/2007	31/03/2008	17/06/2009	19/06/2009	29/07/2009	7
04/06/2007	Final	GBX	14.7	31/03/2006	31/03/2007	13/06/2007	15/06/2007	25/07/2007	21.9
04/12/2006	Interim	GBX	7.2	30/03/2006	30/09/2006	13/12/2006	15/12/2006	25/01/2007	0
15/06/2006	Final	GBX	14.4	31/03/2005	31/03/2006	01/01/1970	01/01/1970	01/01/1970	21.6
05/12/2005	Interim	GBX	7.2	30/03/2005	30/09/2005	14/12/2005	16/12/2005	25/01/2006	0
06/06/2005	Final	GBX	14.4	31/03/2004	31/03/2005	15/06/2005	17/06/2005	25/07/2005	21.6
06/12/2004	Interim	GBX	7.2	30/03/2004	30/09/2004	15/12/2004	17/12/2004	25/01/2005	0
07/06/2004	Final	GBX	14	31/03/2003	31/03/2004	16/06/2004	18/06/2004	26/07/2004	21
01/12/2003	Interim	GBX	7	30/03/2003	30/09/2003	10/12/2003	12/12/2003	26/01/2004	0
02/06/2003	Final	GBX	13.4	31/03/2002	31/03/2003	11/06/2003	13/06/2003	25/07/2003	20.1
02/12/2002	Interim	GBX	6.7	30/03/2002	30/09/2002	11/12/2002	13/12/2002	24/01/2003	0
10/06/2002	Final	GBX	12.2	31/03/2001	31/03/2002	19/06/2002	21/06/2002	25/07/2002	18.3
03/12/2001	Interim	GBX	6.1	30/03/2001	30/09/2001	12/12/2001	14/12/2001	25/01/2002	0
04/06/2001	Final	GBX	11	31/03/2000	31/03/2001	13/06/2001	15/06/2001	25/07/2001	16.5
04/12/2000	Interim	GBX	5.5	30/03/2000	30/09/2000	11/12/2000	15/12/2000	25/01/2001	0
05/06/2000	Final	GBX	9.2	31/03/1999	31/03/2000	12/06/2000	16/06/2000	02/08/2000	13.8
06/12/1999	Interim	GBX	4.6	30/03/1999	30/09/1999	13/12/1999	17/12/1999	01/02/2000	0
07/06/1999	Final	GBX	8.2	31/03/1998	31/03/1999	14/06/1999	18/06/1999	02/08/1999	12.3
07/12/1998	Interim	GBX	4.1	30/03/1998	30/09/1998	14/12/1998	18/12/1998	01/02/1999	0
08/06/1998	Final	GBX	7.3	31/03/1997	31/03/1998	15/06/1998	19/06/1998	03/08/1998	10.9

Top Dividend Posts

Date	Subject
15/5/2022 09:53	eigthwonder: For me, Soli would like to think of itself in the same league as DSCV, but it’s a case of wishful thinking. My opinion. As for the weakness this year - it’s a case of bringing the rating down from totally unjustified levels of before. Great company but not yet worth the premium levels of earlier. Read Full Thread Follow Reply
16/2/2022 18:04	km18: ..from last year... Company overview: discoverIE Group is a designer, manufacturer and supplier of innovative components for electronic applications. The Group has 2 main divisions – Design and Manufacturing (D&M) and Custom Supply. The former has transformed from a UK business at the beginning of the last decade to a full-blown global business across 24 countries, with more than a quarter of revenue generated outside of Europe. The Custom Supply is also operating internationally, with logistics centres in Germany, UK and Hong Kong. Most of the sales come from D&M. DSCV is providing solutions for 4 industries – Renewable energy, Transportation, Medical, and Industrial & Connectivity. The blended approach towards growth with numerous acquisitions over the past 10 years has generated significant goodwill on the balance sheet of more than £100m (25% of total assets). During the last 12 months the company has acquired 5 businesses for initial consideration of £109m. The FY2021 results show no impairments, meaning prior to investing a good look in the subsidiaries is required. Growth is solid, with revenue and EPS CAGR at 9.57% and 3.69% respectively. The lower percentage on the EPS is primarily due to continuous dilution from issuance of shares over the past 10 years. ROCE was at 6.45% for FY21 and gearing is currently at 32.9%, which is on the higher end to what we would like to see. To balance it off, there was a good dividend payment of 10.2p for FY21. Valuation is average at best, with P/E and EV/EBITDA higher than the average of the sector (33 and 24.24 respectively). Lates communication from the company is in the form of a trading update, which unfortunately gives us very little detail on the financials. The company is proud of its progress on reducing carbon emissions and new acquisitions profitability. Following the equity placing in September, they have managed to cut the gearing below their target range of 1.5-2.0 to 1.4x. The important line of the update is in the second paragraph, management is saying despite the headwinds “Group performance for the first half is ahead of Board’s expectations”. Brilliant! That’s what we like to hear. We will be keeping an eye on the stock as it may get an upgrade following continuous outperformance....from WealthOracleAM https://wealthoracle.co.uk/detailed-result-full/DSCV/201 Read Full Thread Follow Reply
03/2/2020 15:41	rivaldo: Cheers nw99. However, for courtesy's sake I should say that I've sold my shares here now, due to the coronavirus. DSCV have one of their locations in China, which is likely to be suffering. But mainly, despite DSCV's core sectors being very resilient and largely non-cyclical, they do also have a chunk of business in semiconductors and other cyclical areas, and I just felt that DSCV were one of the more exposed companies in my portfolio to a general slowdown. I'm around 130% up here, so it's always good to protect a decent profit. And since DSCV is reasonably well rated my thinking is that whilst there may not be too much immediate upside, there may be more downside for the moment. Good luck to others here, and I may well be back in soon. Cue another acquisition tomorrow morning! Read Full Thread Follow Reply
16/1/2020 13:17	rivaldo: Standard Life have been buying heavily - they now have 8.87m shares, or 10.01%, an increase of 1.7m shares from the 7.17m shares per their last holding RNS: Https://www.investegate.co.uk/discoverie-group-plc--dscv-/rns/holding-s--in-company/202001161057270481A/ Read Full Thread Follow Reply
23/12/2019 11:37	rivaldo: RNS today - BlackRock have been buying heavily. At 28th November per DSCV's web site they had 3,242,721 shares. Now they have 4.479,425 shares and have gone above 5% so have had to declare for the first time..... Https://www.investegate.co.uk/discoverie-group-plc--dscv-/rns/holding-s--in-company/201912230926488154X/ Read Full Thread Follow Reply
17/12/2019 13:40	rivaldo: Given that it's now over a month old, it's worth posting extracts from the major Buy tip SCSW wrote for DSCV in the prior issue: Https://www.scsw.co.uk/article.php?id=8254 "To my mind, this business is beginning to resemble a multi-stage rocket - a launch vehicle that uses several rocket stages, each of which contains its own engines and propellant and gives it an extra thrust to keep it going (I will say why at the end of the article) - and I think it’s about to enter its most exciting phase. DiscoverIE is a supplier of custom electronic products including transformers, sensors and the like and these are sold into a range of industrial end-markets such as renewable energy (notably wind), transportation, medical and industrial connectivity (IoT), all of which are high growth and exciting." "DiscoverIE today operates through two divisions, namely Custom Supply, which is its third party distribution activities and Design & Manufacturing (D&M), which are the products manufactured in-house. Last year D&M’s £266m sales accounted for c.61% of overall group sales (up from 37% of smaller sales in 2015) and EBITA was 78% of the total (up from 62%). The focus on specialisation has already had a seismic impact on margins. Since 2014, gross margins are up from 30% to 33% whilst operating margins have doubled over the same five year period, from 3.4% in 2014 to 7% in 2019. Looks like a multi-stage rocket Thanks to its M&A activity, which has brought into the fold a diversified mix of manufacturing businesses, including bespoke transformers, sensors and power supplies, between 2015 and 2019 group sales have risen from £271m to £439m, pretax profits from £11.8m to £27.2m, and eps from 15.4p to 27.2p. I don’t think it is too far-fetched to imagine that with help from further acquisitions the company could double or treble in size over the next three years and a note published by broker Jefferies, the house stockbroker, also describes DiscoverIE as, “having the potential to move from being a small cap to a mid cap over the next few years” because the virtuous circle of strong cash generation being recycled into such eps enhancing acquisitions to gain new skills, expand geographically and access new customers will maintain momentum." "Design & Manufacturing Whilst Custom Supply’s performance is likely to be flat when DiscoverIE reports its interims later this month on 28 November, the other division, Design & Manufacturing (D&M), has enjoyed astonishingly robust trading. This is the bit that has been built up via 15 acquisitions completed since 2014, for which DiscoverIE has paid a total consideration of c.£245m. Between 2014-2019, D&M has ballooned from £35.9m sales to £266m - equating to a compound growth rate of 49%. Although it is largely down to M&A, the next first half will also show an acceleration in D&M’s organic growth to 12% year-on-year. Each of the 15 businesses (including Contour Electronics, Flux, Foss, Heason, Hectronic, Herga, Ixthus Instrumentation, MTC, Myrra, Noratel, RSG, Variohm Eurosensor, Vertec and Sens-Tech) continues to be operated under their own brands although being part of a larger group leads to buying benefits for raw materials, logistics and also integration of warehouses and IT systems. The key segments comprise transformers (essential components used to step voltages up and down using coils of copper and iron to produce a changing magnetic field); communications (RF and MW components, fibre optic components, frequency controls, wireless modules etc); power segments (standard and customisable power designs); and sensors (sensors, accelerometers, transmitters). DiscoverIE uses a direct sales force who work with a customer’s R&D engineers to offer design expertise and refer customers to engineers at one of DiscoverIE’s many customer service centres to help modify an existing off-the-shelf part or design and develop a custom solution. By way of example, a customer might want an exhaust sensor that feeds back information to the engine management system; another might want an industrial data recorder that can be integrated with a level crossing. Once designed and prototyped DiscoverIE then supplies the finished product with production facilities located across Europe as well as in India, Sri Lanka, Thailand and Mexico. Consequently, D&M’s customers don’t quibble on the price as instead it boils down to specialist features and quality, resulting in higher margins versus Custom & Supply (12% on average in the past five years versus 4%-5%). Sticky revenues Typically, the work DiscoverIE undertakes is on a project basis with design cycles varying in length (from 2 months to 2-3 years). This results in better visibility of demand compared to the pure distributor peers, whose visibility is usually no more than a few days. The specialist nature of the products - and the fact that c.80% of sales are unique or custom designed rather than off the shelf - results in strong client retention because once a part supplied by DiscoverIE has been designed-into a customer’s product, they don’t often change supplier. There is also low risk of inventory becoming obsolete as DiscoverIE only builds to order and the order book increased to £153m at 30 September. DiscoverIE has also created structural clusters - or centres of excellence - meaning that smaller businesses operate through larger entities, which are active in the same product area. This allows all the divisional companies to fully benefit from the group’s extensive and global customer base, and it also helps drive cross-selling opportunities as one division of the group increasingly turns to another to supply vital components, driving a bigger share of a customer’s wallet. In the wind sector, for instance, MTC provided optical wireless connectivity to Myrra's charging units and Variohm provided components for the airflow measurement of turbines. Cross-selling from such initiatives is running at £10.6m of sales or 2.4% of the total in 2019 and is on a rising trend. Positioned in niche markets As already described, DiscoverIE’s four target end markets (renewable energy, transportation, medical and industrial connectivity) means customer spending isn’t following the economic cycle and explains the 12% organic growth expected in the first half for D&M. Together the four segments represent 66% of group sales, and 71% of D&M last year. The company cites that renewables (wind in particular) is seeing the fastest growth in the electricity sector and is expected to provide almost 30% of power demand by 2023. Industrial connectivity is seeing the seismic effect of digital transformation and also the Internet of Things (IoT), which connects physical objects to the web and allows machines and equipment to communicate by gathering, receiving and distributing information. Most processes now incorporate some IoT element and with the arrival of compact and cheap sensors, together with high-bandwidth wireless networks, this has never been easier. Increasing exposure to the US and Asia One spin-off benefit from the acquisition strategy is that the business has become internationalised. Sales from the UK have decreased from 50% to 21% between FY09 and FY19, with Europe now 61% and Rest of World, including US and Asia, the balance. Last month, DiscoverIE completed its second ever largest acquisition when it bought Sens-Tech (a designer, manufacturer and supplier of specialist sensing and data acquisition modules) for an initial £58m. X-ray and photo detection are increasingly used across several applications, be it for transport security (scanning bags and people), medical diagnostics or for food production and quality control and Sens-Tech’s last reported sales were £15m of which 70% was generated in North America and Asia. It beautifully encapsulates the staging potential that I described in my multi-stage rocket analogy in the introduction because not only is focus moving to the biggest US and Asian markets but acquisitions have started to be even more profitable. Sens-Tech’s margins were a staggering 35%, even better than the previous two acquisitions (Hobart and Positek), with EBIT margins of over 20%. As these three businesses contribute for a full period, they will push up the average. In the light of the deal, broker Peel Hunt nudged up its eps forecast for the year to end March ‘20 to 29p with next year’s upgraded by 6% to 31.7p. I am a buyer ahead of interims due on 28 November." Read Full Thread Follow Reply
16/12/2019 13:52	rivaldo: Good to see DSCV tipped again on Master Investor: Https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-braemar-shipping-su-angling-direct-and-more/?utm_source=Daily+Bulletin&utm_campaign=75d88b28cb-Daily_Bulletin_20191213&utm_medium=email&utm_term=0_25eff0bb7f-75d88b28cb-34898813 "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." Read Full Thread Follow Reply
04/12/2019 06:55	rivaldo: Tipped on the Master Investor web site featuring Peel Hunt's increased 650p target price: Https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-capital-drilling-discoverie-augean-and-more/?utm_source=Daily+Bulletin&utm_campaign=f91fc88956-Daily_Bulletin_20191128_COPY_01&utm_medium=email&utm_term=0_25eff0bb7f-f91fc88956-34898813 "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." Read Full Thread Follow Reply
29/10/2019 11:00	rivaldo: New Edison note - they note DSCV is trading at a 13% discount to its peers: Https://www.edisongroup.com/publication/high-margin-sensor-technology-acquisition/25338/ Extracts: "discoverIE has announced the acquisition of Sens-Tech for an initial cash consideration of £58m, partially funded by a £33m placing at 415p per share. Sens-Tech designs and manufactures specialist sensing technology and fits with discoverIE’s strategy to buy businesses supplying niche, highly customised products for critical applications. The business increases the group’s international revenues and boosts its presence in target markets such as transportation and healthcare. This is discoverIE’s largest acquisition since Noratel in FY15; we estimate the deal is immediately earnings enhancing (FY20e EPS +2%, FY21e +5%)." "Valuation: D&M focus supports upside discoverIE continues to trade at a discount to peers (13% discount based on FY20e P/E, 8% FY21e). Further progress in increasing the weighting of business towards the higher growth and margin D&M business (64% of H120 revenues vs 61% in FY19), combined with maintaining the profitability of the Custom Supply business, should help to reduce the discount. The stock is supported by a dividend yield above 2%." Read Full Thread Follow Reply
10/10/2019 07:14	rivaldo: Excellent trading statement today. H1 trading is "good against strong comparators", and DSCV are already saying the year is on track to meet expectations. Organic sales rates are actually increasing, having risen in Q2 over Q1. Above all, the higher margin D&M division (now up to 64% of sales) is growing ahead of the market as a whole at 12% over last year. Plus there's an "active pipeline of acquisition opportunities".... Https://uk.advfn.com/stock-market/london/discoverie-DSCV/share-news/discoverIE-Group-plc-Trading-Update/80895734 Read Full Thread Follow Reply

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