Discoverie Share Discussion Threads

[soundbuy] 05/6/2018 12:10

I'll stick for now though if it dips sub 410p I'll add a tad more.........can't imagine the mkt was expecting more......

[eggbaconandbubble] 05/6/2018 11:19

Not many 'sells' today especially considering the first trade of the day 2000no. was a 'buy' by me!

[soundbuy] 05/6/2018 10:05

Well, added 15% ish @426p a few minutes ago.....

[mfhmfh] 05/6/2018 08:43

Q1 trading update on 26th July - not too far away from hopefully more positive news.

[eggbaconandbubble] 05/6/2018 08:14

Judging by the price reaction these are still well under the radar!

[rivaldo] 05/6/2018 07:29

Peel Hunt have now increased their target price to 500p (from 470p) and say Buy.

And Finncap have also increased, to 487p (from 456p):

[soundbuy] 05/6/2018 06:33

Agreed re outlook - for DSCV that's bullish..........DSCV have never been better placed.....still under the radar

[rivaldo] 05/6/2018 06:25

:o))

Excellent numbers - the EPS and dividend are both slightly ahead of already increased consensus forecasts.

Most importantly, order books are rising fast and there are strong hints that more acquisitions are on the cards. The outlook is very bullish:

""As expected, this has been a year of good progress. The Design & Manufacturing division has delivered strong organic growth in revenue and profits and in Custom Supply, the efficiency programme of last year has delivered much improved profitability.

The Group order book grew by 12% CER to reach a new record level of £122m and the value of new projects won during the year continued to grow well, particularly in our target markets; both are important for building organic growth. To support this, we have invested in additional production capacity at three sites with one more underway in the coming year.

We have a healthy pipeline of acquisition opportunities with a number being developed in line with our stated objectives.

Trading in the new year has started well with continuing growth in orders and sales and the Group is well positioned to continue benefiting from the technology changes that are underway in our target markets. We look forward to making further progress in the year ahead."

[kevph] 05/6/2018 06:23

Smashed stockopedias estimates and a really healthy continued growth in op margin. Good work

[soundbuy] 05/6/2018 06:13

That' ll do :)

[mfhmfh] 04/6/2018 08:08

full-year results tomorrow.

[danieldanj] 04/6/2018 02:38

Discovery Group (DSCV) Earnings-Reaction to Keep an Eye

[rivaldo] 25/5/2018 07:05

Peel Hunt today reiterate their Buy and 470p target:

[rivaldo] 16/5/2018 13:18

More new highs - after a very nice almost £2.3m of buys just now at 445p.

[rivaldo] 15/5/2018 07:52

For the record, SCSW updated on DSCV briefly as follows in its May issue 9 days ago:

"DiscoverIE

(Sharewatch) I haven’t updated on Acal since its name change to DiscoverIE but clearly the new name has sparked interest in the shares, which are now flying high.

The year to end March has seen good growth in year-on-year profitability. Finncap forecasts sales to have grown 16% to £394m (c.+6% organically) whilst pretax profits are up a third at £22.9m. Orders for the full year grew organically by 5% and the order book finished the year 12% higher.

The swing factor continues to be the Design & Manufacturing side, which generates c.75% of the group’s profits and generated organic sales growth of +11% in FY18. Since our last update, DiscoverIE has strengthened its position in the wind power, solar power and transportation end markets with the acquisition of Santon, a designer and manufacturer of patented direct current switches. This also increased international sales, notably taking its sales in China to 13%. An initial £22.8m cash and £0.9m shares was paid with up to £19.9m based on future performance.

On the Custom Supply side, sales were flat organically although this largely reflected a very strong prior year. Profits, however, benefited from improved efficiency.

Finncap forecasts eps of 27.3p this year with 28.5p next. First mentioned at 215p in August ‘14, it’s good to see the shares finally break higher."

[soundbuy] 10/5/2018 13:36

Cracking performance of late.....

[rivaldo] 10/5/2018 11:48

More new highs.

[rivaldo] 05/5/2018 06:07

New highs, with late buying on Friday at 435p.

This is imo one to hold, sit back, relax, and watch it continue to re-rate as the market wakes up to its transformation.

[rivaldo] 03/5/2018 13:04

Good news:



"Acal BFi signs gas-monitor firm Cubic

Acal BFi has teamed up with Chinese gas-monitor manufacturer Wuhan Cubic Optoelectronics Co.

Cubic specialises in non-dispersive infrared (NDIR) CO2 sensors, laser particle dust sensors, and indoor and outdoor quality gas-sensor modules.

According to the distributor, the aim is to tap into the air-quality-monitoring market which has been forecast to be worth an estimated $5.6bn.

The supplier has ISO9001 and IATF16949 (automotive) accredited design and production facilities.

Acal BFi will be Cubic’s sole European technical partner.

Martin Kemp, business development director at Acal BFi, writes:
❝
“With a portfolio of leading gas-sensing and wireless technologies, and the complete design support to develop custom designs, Acal BFi are now a leading partner for customers in the air-quality-monitoring market.”

Dr. Youhui Xiong, founder and president of Cubic, adds:
❝
“Acal BFi are absolutely aligned with this approach, providing customers with technical support and expertise. This enables them to take advantage of our innovative, patented technology in their designs.”

[rivaldo] 24/4/2018 10:07

New Edison report out today - trading at a 10% discount to its peer group average:



"discoverIE saw continued strong trading in Q418 and expects to report revenue growth of 15% for FY18 and earnings in line with management expectations. Design & Manufacturing (D&M) delivered further strong organic growth in the final quarter, and the group has a strong order book entering FY19, bolstered by the recent Stanton acquisition. The company is making good progress in its strategy to build the D&M side of the business and we continue to expect further acquisitions in this space."

[rivaldo] 23/4/2018 13:21

Tipped here as an "exciting small cap":



"Discoverie

Formerly known as ACAL, £301m market cap Discoverie(LSE: DSCV) designs, manufactures and distributes customised electronic products and solutions to businesses across a range of industries. Since I last covered the stock in mid-October, it has risen over 20%. In a year, it's surged over 60%. The trend here is clearly up. Are there more gains to come?

A trading update released today sounds good, in my view, even if the stock has fallen a few percent this morning. The group advised that, since its last update on 31 January, trading has continued well, with full-year earnings likely to be in line with management expectations, reflecting "strong growth in year-on-year profitability."

Group sales for the year ending 31 March increased 11% on a constant currency basis, including organic growth of 6%. The Design & Manufacturing division, which generates around 75% of the group's profits, enjoyed organic sales growth of 11% for the year. The firm advised that group gross margin "continues to strengthen," and that the order book at 31 March was at a record £122m, 12% higher than last year.

Despite the rise in the share price over the last year, Discoverie's valuation remains attractive. City analysts expect the group to generate earnings of 24.9p per share this year, which places the stock on a forward-looking P/E ratio of 16.3. A P/E to growth ratio (PEG) of 1.4 suggests that's a fair price to pay for the growth being generated. Furthermore, a prospective dividend yield of just over 2% adds weight to the investment case. I rate Discoverie as a 'buy' at current levels."

[rivaldo] 19/4/2018 08:30

Peel Hunt retain their Buy and 470p target, whilst Finncap retain their 456p target.

There should be short-term value here as well as medium and long-term, as DSCV have repeatedly stated they intend to continue making acquisitions which will drive up earnings.

[kevph] 19/4/2018 06:44

Good news on the margins. This follows on from their capital days presentation. Will provide medium to long term value here.