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Share Name Share Symbol Market Type Share ISIN Share Description
Discoverie Group Plc LSE:DSCV London Ordinary Share GB0000055888 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -17.00 -2.49% 667.00 667.00 672.00 668.00 641.00 664.00 77,052 16:29:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 379.2 17.1 27.1 24.6 637

Discoverie Share Discussion Threads

Showing 251 to 275 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
26/6/2019
10:43
New note out from Edison today - they state DSCV is trading at a 17% discount to rivals. They see more acquisitions coming, and have increased their forecasts given the last results. They now see 29.1p EPS this year: Https://www.edisongroup.com/publication/growth-strategy-drives-strong-fy19-results/24483
rivaldo
20/6/2019
11:36
Looks like it's just me here then, to appreciate that DSCV has "some of the “most attractive growth prospects” in the UK industrials sector according to Berenberg: Https ://www.proactiveinvestors.co.uk/companies/news/222497/discoverie-has-some-of-the-most-attractive-growth-prospects-in-uk-industrials-sector-says-berenberg-222497.html "discoverIE has some of the “most attractive growth prospects” in UK industrials sector, says Berenberg 10:05 20 Jun 2019 Analysts forecast that discoverIE would have around £30mln of acquisition firepower in the near term, which if deployed in similar terms to previous purchases could lift earnings by 10% discoverIE Group PLC (LON:DSCV) has some of the “most attractive” growth prospects in the UK industrials sector according to analysts at Berenberg, who on Thursday hiked their target price for the group to 520p from 490p. The German bank said the custom electronics maker’s last set of full-year results had shown its Design & Manufacturing (D&M) division had accounted for 61% of revenues and they expected the division to further grow to management’s target of 75% in the medium-term, which would push operating margins up toward 11% from 7%. Analysts said given D&Ms relatively small position in a large and highly fragmented market, there was “plenty of scope” for the segment to grow both organically and through acquisitions. The broker also said that the firm’s focus on its target markets of renewable energy, transportation, and medical and industrial connectivity was “appealingR21; given the present uncertainty in the macro industrial environment as each of the sectors had long-term structural demand for electronics. Looking ahead, analysts forecast that discoverIE would have around £30mln of acquisition firepower in the near term, which if deployed in similar terms to previous purchases could lift earnings by 10%. They added that the company’s smaller size relative to competitors such as FTSE 100 Halma PLC (LON:HLMA) and FTSE 250 Diploma PLC (LON:DPLM) meant it was easier to find family-run businesses whose owners would be willing to sell at a reasonable price. Berenberg also reiterated its ‘buy’ rating on the stock, saying the opportunity presented by the company was currently “underappreciated”."
rivaldo
20/6/2019
08:44
Berenberg have today raised their price target to 520p (from 490p) and say Buy: Http://investing.thisismoney.co.uk/broker-views/
rivaldo
12/6/2019
11:59
Numis says Add with a 530p target: Http://investing.thisismoney.co.uk/broker-views/
rivaldo
06/6/2019
23:33
Great finish - and new highs.
rivaldo
06/6/2019
09:13
The IC say Buy: Https://www.investorschronicle.co.uk/shares/2019/06/04/discoverie-senses-more-acquisitions/ "IC View discoverIE’s story is one of consistent and disciplined working capital management. Its working capital has stood at 14 per cent of annualised final-quarter sales at constant exchange rates for the last two years. This is driven by the custom nature of its products, which are built to order and less prone to obsolescence. In a difficult market for industrial businesses, discoverIE looks a rare and reliable growth story. Buy." And it looks like more acquisitions are on the way: "discoverIE (DSCV) is interested in making further acquisitive forays into the sensing technology market, chief executive Nick Jefferies says, following its £4.2m April deal for Positek, a developer of customised rugged, high accuracy sensors. The electronics group funded a £16m outlay on two businesses in April, with an equity placing that raised a net £28m. “We’re particularly keen on the sensing area,” Mr Jefferies says, adding that the company will target the US and Europe in this space. Hobart, its other April acquisition, makes custom transformers for energy infrastructure."
rivaldo
05/6/2019
14:13
Finncap's note is now available. They did indeed retain their 535p target price. They summarise as follows: "discoverIE has reported an impressive set of FY19 results driven by strong sales growth (+13% in total and +8% organic), rising operating margins (7.0% up from 6.3%) and good cash conversion at 93% of underlying operating profit. Adj. EPS was up +22%. With a record order book and a high level of design wins the group is very well placed to further progress its growth track record despite more short term economic caution generally. We make no major changes to our P&L forecasts but improve our net debt forecast from £54m to £47m at March 2020 and reiterate our 535p target price." "Investing for growth alongside increasing ROCE. Given the continued investment in acquisitions and the business generally, it is very encouraging to see ROCE also rising, and we expect this to be a key support to a higher share price. Our calculations show ROCE of 10.9% (post tax and lease adj.) up from 9.2% last year. . Positive outlook. While not immune to changes in economic conditions, new year trading has started well, supported by the order book and design wins (wins in FY19 have an estimated lifetime sales value of £266m, +40% on last year). . No change to target price of 535p. With these results providing further evidence that the group’s focus on structurally growing markets and its consolidation of a highly fragmented market continue to drive growth, cash flow and a higher ROCE, the FY20 P/E of 14.6x is not demanding against small/mid cap. 15x."
rivaldo
05/6/2019
08:27
Cheers sharw. It's strange that Finncap didn't issue any research/morning notes yesterday, or today AFAICS. Hopefully they'll catch up on DSCV later today or tomorrow.
rivaldo
04/6/2019
19:34
rivaldo - apologies, I was wrong. I searched for the latest finnCap update and didn't notice the date of the article from which I quoted was May not June. I have double checked the finnCap website and, unusually, they have not posted a "Morning Note" today.
sharw
04/6/2019
18:45
Rather dim reaction by the market. Disappointing.
from8to800
04/6/2019
16:50
Buy rating reiterated in today's IC. 'In a difficult market for industrial businesses, discoverIE looks a rare and reliable growth story. Buy.'
mfhmfh
04/6/2019
15:29
Cheers sharw - that's not what the Broker Views page says, and at present the Finncap update isn't on Research Tree so I can't check it. Good news anyway. I did however find these further analyst notes: "0804 GMT - discoverIE is very well placed to further progress its growth track record despite general short-term economic caution, says Guy Hewett of finnCap. The analyst notes the record-high order book and high level of design wins that will benefit the company. "discoverIE has reported an impressive set of fiscal 2019 results driven by strong sales growth--13% in total and 8% organic--rising operating margins, and good cash conversion at 93% of underlying operating profit," he says. Hewett adds that he sees net debt lowering at March 2020. The analyst has a target price of 535.0 pence." "0907 GMT - DiscoverIE has found clear momentum behind its four target growth markets of renewable, medical, transportation and industrial and connectivity, Peel Hunt says. The broker notes that 66% of sales now come from these four segments, while the order book is at record levels. "These results, against an uncertain macro background, highlight a very robust business and we expect to see further positive performance, which will come through in the rating," says the broker. Peel Hunt has a buy rating on the stock with a target price of 500 pence."
rivaldo
04/6/2019
14:16
finnCap did not "retain" a 535p target - it was an upgrade from 488p: "....we now believe a valuation in line with peers Diploma, Trifast and XP Power is appropriate. This equates to a calendar 2020 P/E of 17.8x and a 535p target".
sharw
04/6/2019
12:34
Good summary here, with some analyst comment as follows: Https ://www.proactiveinvestors.co.uk/companies/news/221438/discoverie-sparks-as-it-hikes-dividend-after-strong-full-year-performance-221438.html "In a note, analysts at discoverIE’s ‘house’ broker finnCap reiterated their 535p target price for the firm saying the “impressive221; results provided further evidence that the company’s focus on structurally growing markets and its consolidation of a highly fragmented market would continue to drive growth, cash flow and a higher return of capital employed. Fellow broker Peel Hunt was similarly upbeat, saying the company remained on of their “top picks” in the sector and reiterated their 500p target price and ‘buy’ rating."
rivaldo
04/6/2019
09:18
Finncap and Peel Hunt retain their 535p and 500p targets respectively, and say Buy: Http://investing.thisismoney.co.uk/broker-views/
rivaldo
04/6/2019
08:54
Good reading, positive outlook. Glad I've held onto these.
psync
04/6/2019
07:14
Excellent final results today. 27.2p EPS was ahead of Edison's forecast of 26.9p, as is the 9.55p dividend. And net debt is also better than forecast. Order books are at record levels, and the outlook is very bullish, with current year trading having "started well". Plus there are "Further acquisition opportunities developing": Https://uk.advfn.com/stock-market/london/discoverie-DSCV/share-news/discoverIE-Group-plc-Final-Results/80053908 "With a record year end order book and a high level of design wins, we are well positioned for continued progress and excited by the opportunities that lie ahead as we continue to build a high-quality, global business"
rivaldo
03/6/2019
08:19
Cheers Skeln, nice to see some appreciation! Peel Hunt reiterate their Buy and 500p target today: Http://investing.thisismoney.co.uk/broker-views/
rivaldo
02/6/2019
12:51
Thanks for your posts rivaldo appreciated
skeln
30/5/2019
10:10
Numis today reiterate their 500p target: Http://investing.thisismoney.co.uk/broker-views/
rivaldo
28/5/2019
12:09
New distribution deal win - note the customisable element to the win: Https://www.eenewseurope.com/news/acal-bfi-europe-wide-medical-power-supply-deal "EOS Power fits perfectly with the custom, design-in strategy of Acal BFi. EOS Power is a very strong brand and technical partner, especially in the medical power supply sector. This will greatly enrich our offering as a strategic supplier in the medical power segment," said Robert Rohde, European Business Development Director, Power and Magnetics at Acal BFi Acal BFi supports customers through the design and development process, through to selecting and trialling technologies, up to the creation of prototypes and production samples. It operates in ten countries to enable customers to receive local support throughout Europe. "From our extensive experience we understand that not all end customer requirements will be satisfied by a standard product alone. Through our new partnership with Acal BFi, we are delighted to now be able to offer our customisable, application-specific power solutions to even more customers across Europe. Acal BFi are able to support with every aspect of a customers design, integration and production, making them an ideal service and supply partner for our industry leading power supplies,” said Teresa Fernandez, Sales Manager, EMEA at EOS Power."
rivaldo
07/5/2019
12:20
Buying at 450p now.
rivaldo
06/5/2019
17:58
Great to see Charles Stanley buying and going above 5% with 4.18m shares: Https://www.investegate.co.uk/discoverie-group-plc--dscv-/rns/holding-s--in-company/201905031448090786Y/
rivaldo
03/5/2019
09:52
Here's extracts from Finncap's summary. They currently go for 29.2p EPS and a 10.1p dividend for the current year, but EPS forecasts may be increased as there's capacity for more acquisitions, and trading is of course going well: "Prospects enhanced, debt reduced, target raised On 16 April, discoverIE raised £29m equity to acquire two custom design and manufacturing businesses for an initial £15.9m, with the remainder to be used to reduce gearing. The acquisitions offer complementary products that build on the group’s existing magnetics and sensor products, expand the geographic footprint (with 80% of acquired sales in the US), further improve margins and strengthen organic opportunities in target markets. Coupled with confirmation that Q4 trading remained strong, we view this as another step forward along discoverIE’s proven growth strategy." "Target price upgraded to 535p from 488p. discoverIE continues to prove its strategy and the potential in its chosen growth markets. Coupled with the reduced financial risk post the equity raise, we now believe a valuation in line with peers Diploma, Trifast and XP Power is appropriate. This equates to a calendar 2020 P/E of 17.8x and a 535p target."
rivaldo
03/5/2019
08:30
Nice - Finncap have today increased their target price to 535p (from 488p).
rivaldo
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
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