Good numbers up 15% so far today |
Interims tomorrow, results need to be good to get share price moving |
Daily Mail punting again.
A quick and dirty look - share price About the same as 5 years ago and well down on 3 years ago.
PE appears to be about 20.8 (Stockopedia estimate 2025) Sounds expensive to me - ?? |
The leading international designer and manufacturer of customised electronics to industry issued a H1 update confirming that the Group remains on-track with the Board's underlying earnings expectations for this financial year unchanged. Strategy and focus on operational improvements is enabling continued margin development and robust earnings performance through the economic cycle, statutory profit is on track to more than double in FY25 and this despite the fact that Group sales for the Period were 4% lower than last year at CER...from WealthOracle
wealthoracle.co.uk/detailed-result-full/DSCV/873 |
discoverIE shares ‘offer good entry point’, says Liberum
On 14 March 2024, Clive Watson, Non-Executive Director, acquired a total of 3,693 ordinary shares of 5 pence each in the Company ("Ordinary Shares") at an average price of £6.70. |
 https://masterinvestor.co.uk/equities/small-cap-catch-up-updates-due-from-three-growing-electronics-firms/DiscoverIE Group (LON:DSCV) Shares Well Below 'Value' EstimatesAnother company with Interim Results due to be published on Tuesday 5th December.This £651m capitalised Guildford-based group, which supplies customer-specific electronic products and solutions to original equipment manufacturers, recently stated that the strong order book, which was ahead of last year, provided good visibility of demand.It designs, manufactures, and supplies components for electronic applications worldwide, operating in two segments, Magnetics & Controls; and Sensing & Connectivity.The company offers magnetic and power components, embedded computing and interface controls, and sensing and connectivity components for industrial applications.It serves customers in renewable energy, transportation, medical, and industrial and connectivity markets. Analyst Guy Hewett at Cavendish Capital has a Price Objective of almost twice the current price at 1110p.He is looking for a small rise in both current year sales and adjusted pre-tax profits to £451.4m (£448.9m) and £47.2m (£46.3m) respectively, which would take earnings up to 35.6p (35.2p) and cover the 12.0p (11.5p) per share dividend.He does see growth in the year to end March 2025, with £479.2m sales, £49.3m profits, 37.0p earnings and 12.6p per share in dividend and then around 5% improvements in the 2026 year.Analyst Katherine Thompson at Edison Investment Research has similar current year hopes, while estimating the coming year at £477.3m sales, £49.8m profits, 37.1p earnings and a 12.5p dividend.The group's shares touched 958p in mid-June this year, but have a month or so ago were down to 586p.Last night they closed at 677p some 50% below consensus 'value price' estimates.A firm Hold. |
Very quiet board!
I've been in this for some time at a price of 770.
Like previous posters I was impressed with the last set of results and had expected the share price to be climbing its way towards the £10 mark at this stage.....apparently I should have sold when it breached the £9 mark!
I'm not sure what is happening here as the share price decline has been relentless, anyone have any insight as to what is causing the weakness.
There should be a trading update in the next 4 weeks, my concern is that in situations like this the PI is always the last to know about a change of company fortune which explains the weakness. I'm sorely tempted to take a small loss now and then re-enter at such time as we have some clarity as to what it going on. |
Great response to a cracking set of results with margins increasing and maintaining good order visibility. Div increased a little. Hopefully the share price can kick on now with a good bit of momentum behind it |
 discoverIE Group plc issued a trading update for its financial year ended 31 March 2023. The Group enjoyed a strong finish to the year with results ahead of Board expectations. Group sales were 16% ahead of last year, of which 8% was organic growth, the order book continues to be at a higher than expected level and in line with last year. Gross margins remain robust and the semiconductor sourcing issues flagged last year, impacting two of the Group's 21 businesses, are mostly resolved. The balance sheet remains healthy, with gearing at 31 March 2023 of c.0.9x and there remains good headroom for further growth investment within the target gearing range of 1.5x to 2.0x. The Group's acquisition pipeline has continued to build and presents a number of good potential opportunities coming into the new financial year. On the debit side, valuation is average, share price lacks positive momentum and the dividend yield is a little stingy. DSCV is solid mid-cap Tech name, but is a share to monitor for the time being....
...from WealthOracle |
CURY (LSE) & discoverIE same mcap & same business but CURY revenue 10.1 billion but dscv revenue only 400 million ?! CURY dividend even better |
Berenberg raised their TP to 930p, on the back of an analyst roadshow. Maybe that explains two successive 5% daily rises. Exciting times. Gw |
Looking good for a price bounce. Excellent company - products, margins, potential for growth despite headwinds. Gw |
Topped up my holding in these this morning I see this as a great long term hold for the next 20 yrs. superb company |
Does it matter these days? Everything will just follow the US down |
nice results out this morning
Or are they any good?
Does anyone know? |
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. |
Seems to be a great business which makes great long term shareholder returns albeit recent movements suffered due to macroeconomic events. "Soli" is a smaller business in same sector with similar characteristics which is rated more lowly therefore may have more upside potential. |
"Events dear boy - events"
Prime Minister Harold Macmillan (1894–1986) |
Does anyone have any idea what is going on with this share? |
..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 |
Nice results |
This has joined the everthing being clobbered club now.... |
Agreed Skein... Purchased my first tranche of these in 2015 for the then bargain price of £2.62 per share.... Long may this roll on in the current vein. |
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