Discoverie Share Discussion Threads

[rivaldo] 31/1/2019 12:05

That was exciting :o))

Lift-off....

[mfhmfh] 31/1/2019 10:44

great trading update today - nothing to complain about. looking for the share price to return to at least previous 450p peak.

All IMHO.

[eggbaconandbubble] 31/1/2019 10:08

Volumes are down to 250,000 buys yesterday and 250,000 sells today. 10p profit. Not bad if you can do that every day with a bit of advanced knowledge!

[rivaldo] 31/1/2019 09:31

Maybe things are changing in that respect - decent volumes already.

Peel Hunt have today reiterated their Buy and 500p target, whilst Finncap have a 488p target.

[eggbaconandbubble] 31/1/2019 08:11

Still not on the radar!

[mfhmfh] 30/1/2019 14:22

hopefully those 'large buys' have timed it right.

[eggbaconandbubble] 30/1/2019 12:13

Large 'buys' before Trading Update!

[rivaldo] 28/1/2019 08:59

Cheers mfhmfh. The H1 outlook bodes well:

"Trading in the second half has started well with further strong growth. We are on track to deliver full year earnings in line with our expectations and we have a healthy pipeline of acquisition opportunities being developed.

With a record order book and a high level of design wins together with the additional capability brought in with the recent acquisition of the higher margin Cursor Controls Group, we are well positioned for continued growth."

[mfhmfh] 25/1/2019 11:14

trading update on 31st January according to website

[rivaldo] 25/1/2019 10:57

Good to see DSCV back above 400p now (404p to be precise).

[rivaldo] 03/1/2019 12:14

I gather that DSCV are one of Peel Hunt's top Growth Stocks for 2019.

[rivaldo] 07/12/2018 09:41

Good coverage and analyst comment here, with Peel Hunt setting a 500p target:

https: //www.proactiveinvestors.co.uk/companies/news/210449/discoverie-surges-as-it-hikes-interim-dividend-amid-first-half-profits-rise-210449.html

Extracts:

"discoverIE surges as it hikes interim dividend amid first half profits rise
10:10 04 Dec 2018

The customised electronics maker reported an underlying pre-tax profit of £12.9mln, up 24% on the same period a year ago, while revenues climbed 12% to £211.7mln"

" Looking ahead, the group said it had a “record breaking” period end order book of £131mln, up 18% YOY at constant exchange rates.

Jefferies said trading in the second half had “started well with further strong growth” and the company was on track to deliver earning in line with expectations.
READ: discoverIE Group makes bolt-on acquisition

He added that with the acquisition of human-to-machine interface products maker Cursor Controls after period-end, the company was “well positioned for continued growth” with further acquisition opportunities developing.

discoverIE purchased Cursor Controls for £19mln in cash upfront at the start of October, in a move that was expected to provide an immediate boost to the company’s underlying earnings and underlying operating margin.
Results demonstrate success of strategy, says broker

In a note to clients, analysts at City broker Peel Hunt retained their ‘Buy’ rating on the stock with a 500p price target, saying that the results demonstrated the success of the firm’s strategy as progress was made across all of its key performance indicators (KPIs).

“The growth in new design wins and order book (+18% underlying) give us confidence in the strength of the end markets” the broker said, adding that they also expected a boost from inorganic growth.

“Importantly, we are seeing the momentum continue into H2, driven in particular by the strategic focus on the four target markets of Renewable Energy, Transportation, Medical and Industrial Connectivity”.

For the full fiscal year, Peel Hunt is estimating an EBITDA of £34.7mln, up from £29.4mln last year, and a dividend yield of 2.8% compared to 2.6% last year eventually rising to 3.1% by the end of 2021."

[mfhmfh] 05/12/2018 10:20

'discoverIE Group plc (LSE:DSCV, the "Company"), a leading international designer, manufacturer and supplier of customised electronics to industry, announces that on 4 December 2018, Malcolm Diamond acquired 5,362 ordinary shares of 5p each in the Company at a price of £3.73.'

[f1araway] 05/12/2018 10:10

mfhmfhThanks for that - an excellent interview!

[mfhmfh] 04/12/2018 09:39

dividend up 6% as well.

[mfhmfh] 04/12/2018 09:32

great half year results IMHO and not surprised to see the share price rising now. GLA.

i'm looking for the share price to at least return to previous highs of around 450p.

[rivaldo] 04/12/2018 09:28

Up she goes :o))

The results are excellent - EPS up 24%, D&M growing to 60% of sales, the UK growing again, sales up 12%, record order books up 18%....

More acquisitions are likely, driving up EPS forecasts.

And the outlook is great:

"Trading in the second half has started well with further strong growth. We are on track to deliver full year earnings in line with our expectations and we have a healthy pipeline of acquisition opportunities being developed.

With a record order book and a high level of design wins together with the additional capability brought in with the recent acquisition of the higher margin Cursor Controls Group, we are well positioned for continued growth."

On a P/E of only 12.9 for next year DSCV are cheap imho - particularly against sector peers like TRI etc which are undeservedly on much higher P/Es.

OT : edited slightly, so re-posted.

[kevph] 04/12/2018 09:14

Happy with that as well. Looks like it's popping up a touch now.

[f1araway] 04/12/2018 08:24

Nothing wrong with results and down she goes.

[muzmanoz] 13/11/2018 15:54

216,000 odd share sale. That moved the share price.

[f1araway] 01/11/2018 16:59

Up a penny. It'd make you dizzy!