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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
  10.00 1.49% 680.00 671.00 676.00 680.00 654.00 654.00 2,286 08:27:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 379.2 17.1 27.1 25.1 649

Discoverie Share Discussion Threads

Showing 276 to 298 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
29/10/2019
11:00
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%."
rivaldo
29/10/2019
07:27
Cheers - appreciated! DSCV have been tipped again by Mark Watson-Mitchell with a 550p target: Https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-solid-state-discoverie-bloomsbury-and-more/?utm_source=Daily+Bulletin&;utm_campaign=7dee5b5c47-Daily_Bulletin_20191024_COPY_01&;utm_medium=email&utm_term=0_25eff0bb7f-7dee5b5c47-34898813 "discoverIE Group (LON:DSCV) I see that Jefferies International have placed a ‘buy’ rating on this group’s shares, at the same time as raising their target price from their previous 500p to 540p. That brings the brokers closer to my own early August valuation when I profiled the shares at 448p; they are now 458p. That is quite an impressive performance after the group last week announced its £33m placing of 8,034,840, new shares at 415p per share for its £58m SansTech acquisition."
rivaldo
21/10/2019
08:10
Rivaldo, Good post and just to let you know that I for one read all your messages with great interest. So you are not totally alone here!!!
eggbaconandbubble
20/10/2019
21:15
The latest from Mark Watson-Mitchell in his market round-up: Https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-futura-medical-rank-group-surface-transforms-hostelworld-and-others/ "discoverIE (LON:DSCV) Much as predicted, this innovative electronic components group is on the acquisition trail again. On Thursday morning it announced the £70m acquisition of Sens-Tech together with a £33m Placing of 8,034,840 new shares at 415p each. That was a 3.9% discount to the closing price on Wednesday night. The high margin Sens-Tech is a UK-based designer, manufacturer and supplier of specialist sensing and data acquisitions modules for x-ray and optical detection applications. It supplies customers in the transport security, medical, food processing and industrial markets. This is possibly one of the group’s largest acquisitions to date. The £58m cash down and £12m on profit achievement deal looks to fit in perfectly with the group’s expansion plans. It will create further opportunities for organic growth. The Placing funds will be boosted by existing debt facilities to complete the purchase. This deal gives investors a useful opportunity to get in some cheaper stock. Even six of the company’s directors bought more shares in the Placing. I profiled the company in early August at 438p, with a target price of 550p by the end of next year. I remain fixed with that target. On Friday morning I noted that brokers Peel Hunt have just increased their target from 500p to 530p.
rivaldo
18/10/2019
12:17
New highs now - buying at 464p.
rivaldo
18/10/2019
08:37
Peel Hunt have increased their target price to 530p (from 500p) and say Buy: Https://investing.thisismoney.co.uk/broker-views/
rivaldo
17/10/2019
13:51
RNS just out confirms the placing monies raised without a problem. Good to see the directors subscribing another £130,000 between them for new shares: Https://www.investegate.co.uk/discoverie-group-plc--dscv-/rns/results-of-placing/201910171315252691Q/
rivaldo
17/10/2019
09:09
No doubt the new analyst notes post-acquisition will give further info on the extent of the earnings enhancement. Sens-Tach is a private company so these are obviously the most recent figures since March'19 figures presumably haven't been filed yet - which they don't have to be anyway until Dec'19. DSCV will of course have had access to the most recent management accounts during due diligence.
rivaldo
17/10/2019
08:19
The lack of up to date figures is strange is it not? Those who bought a slice of CAKE will certainly want properly audited up to date figures.
this_is_me
17/10/2019
08:00
That £15m revenue figure is to 31st March 2018 - effectively almost two years ago! That figure could now be say £25m. For which the actual consideration is only £58m - the next £12m is dependent on achieving profit targets. The relevant figures are the £4,4m PBT and the £5.3m EBIT - which again could be much higher by now. With synergies and cost savings the earnings enhancement could be significant.
rivaldo
17/10/2019
07:46
Buying £15 of revenue for a total of £70 million looks very expensive. A forensic due diligence would have been needed to have been done to check the claimed profit margin.
this_is_me
17/10/2019
07:15
A great looking acquisition today, funded from DSCV's own resources and a placing: - immediately earnings-enhancing - lots of recurring/repeating revenues - increases the amount of high margin D&M work still further - also increases exposure to high growth and non-cyclical areas like medical and transport This acquisition looks really good and is pretty sizeable at £58m: Https://uk.advfn.com/stock-market/london/discoverie-DSCV/share-news/discoverIE-Group-plc-Acquisition-Proposed-Placin/80937134
rivaldo
16/10/2019
14:29
Mark Watson-Mitchell tips DSCV in his latest small cap round-up and has a 550p target in a year's time: "discoverIE (LON:DSCV) This international group that designs, manufactures and supplies innovative components for electronic applications, announced a Trading Update on Thursday morning. It showed that the period to the end of September saw continued progress, with the group on track to deliver positively against earnings expectations. Its order books were up 4% in the first half at £153m, with sales some 9% better in the period, trading on consistent margins. The interims are due to be announced on 28 November. The shares are around 408p, which compares to my early August profile price of 430p. Peel Hunt rate the shares as a Buy, looking for 500p. I adhere to my Target Price of 550p by the end of 2020."
rivaldo
14/10/2019
09:11
Here's some extracts from Finncap's new note FYI - note the focus on growing sectors like renewables, medical, transport etc rather than cyclical sectors like semiconductors. Finncap also note there's plenty of headroom for further acquisitions: "Q2 stronger than Q1 In a positive H1 update, discoverIE has confirmed it is on track to meet its full year expectations following +9% sales growth in H1 (+5% organic) and gross margin consistent with the prior year. Organic growth was +4% in Q1 and +6% in Q2. The order book has increased by +15% (+11% organically) to �153m, of which 80% is for delivery over the next 12 months. Despite the wider economic caution, discoverIE continues to make strong progress, providing further evidence of the success of its strategy of focusing on structurally growing markets. We reiterate our 535p target price. Improving rate of progress. Group sales increased by +11% in Q2 up from +8% in Q1 generating +9% for H1 (on a reported and CER basis). Organically sales grew by +6% in Q2 up from +4% in Q1, generating +5% for H1. Driven by Design & Manufacturing. Q2 organic sales growth in Design & Manufacturing (D&M) was +12% up from +4% in Q1, leading to +7% in H1. The strongest parts were renewables (wind and solar) and Asia. D&M accounted for 64% of H1 group sales up from 61% at the year end and we forecast this division to account for 80% of FY 2020E group profits. Strong orders. Group orders for Q2 grew by 7% organically, up from 3% in Q1. Orders were similarly driven by strong growth in the D&M division, with Custom Supply division orders being down slightly. The Group order book at 30 September 2019, of which over 80% is for delivery over the next twelve months, was �153m, an increase of 15% at CER and 11% organically over last year. Supported by acquisitions. The two most recent acquisitions (acquired in April) are settling in well, with integration progressing as expected. Both businesses are high quality, high margin custom design businesses, selling into international markets. Firepower for further acquisitions. Post the year end, a �28m fund raise was completed and two acquisitions completed at an initial cost of �21m. We forecast net debt/EBITDA of 1.1x in FY 2020."
rivaldo
10/10/2019
08:37
Finncap retain their 535p price target, and current year forecasts of 29.2p EPS with a 10.1p dividend.
rivaldo
10/10/2019
07:14
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
rivaldo
11/9/2019
13:25
New highs now, with buying at 470p.
rivaldo
11/9/2019
11:46
Nice £30,000 buy at 455p just now.
rivaldo
08/8/2019
22:19
Tipped as a Buy tonight on Master Investor - hopefully new highs tomorrow? IMO his 550p target in a year may be quite light if DSCV make the acquisitions they've been promising, as the current rating in itself isn't very demanding. Mark Watson-Mitchell seems to share my taste - he's also tipped CAPD and HMLH recently, both of which I hold: Https://masterinvestor.co.uk/equities/discoverie-group-aims-to-double-earnings-within-five-years/?utm_source=Daily+Bulletin&utm_campaign=dc419bdff7-Daily_Bulletin_20190808&utm_medium=email&;utm_term=0_25eff0bb7f-dc419bdff7-34898813 Extract: "discoverIE Group aims to double earnings within five years By Mark Watson-Mitchell 08 August 2019" "The group, which has a solid balance sheet, has some good growth company strategic aims – including providing its investors with returns of 15-20% per annum, to continue building revenues, to acquire high quality businesses, to carry on internationalising the business, together with providing a progressive dividend, and best of all is its target to double its earnings per share within the next five years. Its shares at just 438p are trading below that of the average of its peers, which would put them out at 510p. However, I rate them higher, especially if it can achieve its aim of doubling its earnings per share within five years. I suggest a target price of 550p taking just a one-year view.£
rivaldo
31/7/2019
10:34
Finncap retain their 535p target price. They summarise as follows: "Strong sales growth. Acquisitions are contributing well with total Q1 sales up +8% and organic growth of +4% in Design and Manufacturing (in line with our full-year forecast) and +3% in Custom Supply (ahead of our full-year assumption of flat sales). .New project design wins remain strong. There have been a number of successes in key target sectors, in particular, the renewable energy, transportation and industrial markets. Project design wins are a key driver of future organic growth. .Rising operating margins. Q1 gross margins are in line with last year. We forecast flat gross margins for the full year and operating margins of 7.6% (2019: 7.0%). This continues a well-established trend of rising operating margins, driven by the strategy. Over the past five years, operating margins have increased in every year, in total from 3.4% to 7.0%. .Positive outlook supported by the order book. Book to bill was 1.09 in DM and 1.07 in Custom Supply. The group order book (80% of which is for delivery over the next 12 months), rose to £154m (+13% at CER and +8% organic) over last year. .Firepower for acquisitions. Post the year end, a £28m fund raise was completed and two acquisitions completed at an initial cost of £21m. We forecast net debt/EBITDA of 1.1x in FY 2020. No change to target price of 535p. The continuing success of discoverIE’s strategy drove a 17% CAGR in EPS over the past three years. We don’t forecast acquisitions as their scale and timing are variable, but in essence we so no major reason for above-average growth not to continue, given the successful focus on structurally growing markets. In this context, the FY 2020 P/E of 14.5x is not demanding against small/mid cap 14.6x."
rivaldo
25/7/2019
07:10
RNS - Nothing to complain about there!
eggbaconandbubble
17/7/2019
15:07
DSCV mentioned in this Income and Growth presentation by Downing at Mello May 19, along with RFX and ADT. Https://www.piworld.co.uk/2019/07/17/downing-income-growth-presentation-at-mello-may-2019/
tomps2
10/7/2019
13:58
I guess that means that 'Danske' are buying in or topping up more likely.
eggbaconandbubble
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
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