Discoverie Share Discussion Threads

[soundbuy] 19/4/2018 06:18

Reads well as usual........

[rivaldo] 19/4/2018 06:08

Very encouraging in-line trading update, particularly the continuing strength in D&M (75% of profits) and the record order books, 12% higher than last year.

Gross margins are higher again, and acquisitions are bedding in nicely:

[soundbuy] 18/4/2018 08:23

Early vol and trading update tomorrow......

[rivaldo] 17/4/2018 10:26

DSCV's involvement in the IOT (Internet Of Things) steps up a gear:



"Acal BFi selected as the first European technical partner to bring cutting-edge Airoha (MediaTek Group Company) technology to the IoT sector

Airoha Technology Corporation (Airoha), the dedicated, fully owned, IoT solutions subsidiary of leading global technology company MediaTek, have selected Acal BFi, the European leader in advanced technology solutions, as the first regional technical partner to bring their systems-on-chip (SoC) solutions to the IoT sector.

The new agreement provides customers in Europe with access to Airoha’s tightly integrated, power-efficient SoC solutions – including Bluetooth low energy, Wi-Fi and location (GNSS) – with integration support from Acal BFi’s Airoha-trained Field Application Engineers....

....Best-in-class connectivity from Airoha

Some of the biggest product manufacturers and OEMs in the world use Airoha’s technology to bring hundreds of millions of wireless-enabled products to the market every year. Their high-volume, cost-effective, compact solutions are behind an entirely new generation of devices, including wearable and fitness accessories, home automation, connected appliances and asset tracking.

Part of the MediaTek group of companies, Airoha continuously innovates their SoC solutions to deliver greater processing power and increased efficiency in ever more compact sizes at the cost points required for mass-market production.

“Driving an explosion of connected products, the IoT sector can now also benefit from Airoha’s technology”

Diego Sala, Business Development Director, Acal BFi, commented: “We are delighted to bring this level of technology to the IoT market. Airoha’s world-class technology is driving an explosion of connected products, and now the IoT sector can also benefit from the competitive advantage SoC solutions provide. We look forward to helping our customers create ground-breaking IoT solutions with best-in-class performance.”

Yuchuan Yang, Senior VP, Airoha, added: “Today, European operations have been strengthened considerably with our new, deeper engagement with Acal BFi. They are our major design partner in Europe, providing customers with complete, one-to-one support across their entire technology portfolio. This expertise and collaborative approach were key factors in our decision to partner with Acal BFi, and which are essential for the IoT sector to benefit from our SoC technology.”

[rivaldo] 13/4/2018 14:28

New highs now.

[rivaldo] 09/4/2018 12:33

Peel Hunt reiterate their Buy and 470p target:

[petewy] 06/4/2018 16:05

Oddest shares sales I've seen. 800+ shares over 10 buys.

[rivaldo] 20/3/2018 15:59

Since I bought this only 9 months or so ago the share price has risen 70%, and imo there could be another 70%-100% to come assuming stable markets. But tell that to the hordes chasing resource stock and penny share dreams and they'd probably just refuse to consider it.

Incidentally, I feel GMAA and SCH are now in a similar largely undiscovered position to where DSCV was. Ramp over :o))

Good coverage for DSCV here:

Http ://www.proactiveinvestors.co.uk/companies/news/193406/city-brokers-repeat-bullish-views-on-discoverie-group-following-recent-capital-markets-day-193406.html

"City brokers repeat bullish views on discoverIE Group following recent Capital Markets Day
15:52 19 Mar 2018

Two city brokers reiterated their bullish views on discoverIE Group PLC (LON:DSCV) following the customised electronics supplier’s recent Capital Markets Day.

Numis Securities reiterated an ‘add’ rating and 455p price target and its analysts said the event “left us feeling confident about the Group's runway for further growth”.

In a note to clients, they added: “The key focus of the event was on giving a greater understanding of the product range, particularly within Design & Manufacturing (D&M).”

The analysts said the firm – formerly known as Acal PLC - also provided some further detail on M&A plans, noting that discoverIE’s management reiterated their target for a 15% pre-tax return on investments (ROI) from acquisitions within two years.

They concluded: “Despite the re-rating over the last year, we believe that a favourable market backdrop, combined with the potential for further value-enhancing M&A, means that there is further for the stock to run.”

Peel Hunt repeats ‘buy’ and 470p target

Meanwhile, analysts at Peel Hunt also commented on discoverIE’s Capital Markets Day pointing out that the event “was very well attended and gave a clear account of the business, the long-term strategy, successful execution so far and the huge scope for further growth.”

The Peel Hunt analysts said: “With no new financial or trading information we leave our numbers unchanged, but reiterate our 470p target price and Buy recommendation.̶1;

[soundbuy] 20/3/2018 14:48

And the volume continues - very much under the radar (still)

[mfhmfh] 20/3/2018 13:44

Pure speculation but possible t/o target? FENR price rose similarly before yesterday's offer. All IMHO.

[f1araway] 20/3/2018 12:44

Thanks rivaldo, good report.

[rivaldo] 20/3/2018 12:32

Welcome DavR0s to the small band of contributors here :o))

The Capital Markets Day presentation is here and reads rather well, especially the "Looking Ahead" page with potential acquisitions with an EV of up to £80m or larger:

[davr0s] 20/3/2018 11:34

I've added this morning

[rivaldo] 20/3/2018 11:33

New highs now, with buying at 419p. Continuing evidence that the Capital Markets Day went rather well...

[rivaldo] 19/3/2018 13:40

Yep, 550,000 shares traded already today. Nice comeback too.

Edison have produced a new research note today, suggesting that at 412p DSCV are at a 14% discount to its peer group:



"At the recent Capital Markets Day, discoverIE management confirmed the company’s strategy to grow the business through a combination of organic growth, and acquisition of design and manufacturing businesses. The integration process is designed to retain the entrepreneurial spirit of acquired businesses while taking advantage of the group balance sheet and central functions, to drive good organic growth post acquisition. Management aims to provide investors with a progressive dividend and a return of 15-20% pa."

"Valuation: Still trading at a discount

The stock is trading on an FY19e P/E of 16.4x, at a c 14% discount to the peer group average. Continued growth in the proportion of revenue generated from design and manufacturing should support operating margin expansion, and should help to reduce the valuation discount. The stock is also supported by a dividend yield of more than 2%."

[soundbuy] 19/3/2018 11:27

Volume carried through from Friday............

[rivaldo] 16/3/2018 15:24

400p up - and lots of AT (likely institutional) trade buying, the latest at 402p.

[rivaldo] 15/3/2018 23:16

Nice close - hopefully this means the presentations went well :o))

[rivaldo] 15/3/2018 07:04

RNS - good to see DSCV spreading the word with a Capital Markets Day this afternoon:



"The event will include a series of presentations by executive and operational management to give greater insight into the Group as well as product demonstrations to showcase discoverIE's innovative electronics.

No new material trading information will be disclosed. A trading update for the year ending 31 March 2018 will be published on 19 April 2018."

[rivaldo] 07/3/2018 08:25

Peel Hunt today reiterate their Buy and 470p target price:

[rivaldo] 05/3/2018 10:35

Director buying just reported - good to see an NED buying £30,000's worth at 380p:

[rivaldo] 28/2/2018 07:23

Berenberg have reiterated their Buy and 475p target: