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 Shares Traded Last Trade
  0.00 0.0% 626.00 0.00 10:27:36
Bid Price Offer Price High Price Low Price Open Price
612.00 624.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 466.40 19.50 17.00 36.8 560
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 626.00 GBX

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Date Time Title Posts
18/6/202008:46discoverIE Group (formerly Acal)356
04/6/201803:38Discovery Group (DSCV) One to Watch Monday -
30/11/201711:24discoverIE Group (formally Acal)6

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Discoverie Daily Update: Discoverie Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker DSCV. The last closing price for Discoverie was 626p.
Discoverie Group Plc has a 4 week average price of 582p and a 12 week average price of 560p.
The 1 year high share price is 650p while the 1 year low share price is currently 349p.
There are currently 89,455,915 shares in issue and the average daily traded volume is 216,564 shares. The market capitalisation of Discoverie Group Plc is £559,994,027.90.
rivaldo: Cheers penpont, reads very well. And the share price is going rather well too - new highs now.
rivaldo: 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://
rivaldo: 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://
rivaldo: Finncap's note is now available. They did indeed retain their 535p target price. They summarise as follows: "discoverIE has reported an impressive set of FY19 results driven by strong sales growth (+13% in total and +8% organic), rising operating margins (7.0% up from 6.3%) and good cash conversion at 93% of underlying operating profit. Adj. EPS was up +22%. With a record order book and a high level of design wins the group is very well placed to further progress its growth track record despite more short term economic caution generally. We make no major changes to our P&L forecasts but improve our net debt forecast from £54m to £47m at March 2020 and reiterate our 535p target price." "Investing for growth alongside increasing ROCE. Given the continued investment in acquisitions and the business generally, it is very encouraging to see ROCE also rising, and we expect this to be a key support to a higher share price. Our calculations show ROCE of 10.9% (post tax and lease adj.) up from 9.2% last year. . Positive outlook. While not immune to changes in economic conditions, new year trading has started well, supported by the order book and design wins (wins in FY19 have an estimated lifetime sales value of £266m, +40% on last year). . No change to target price of 535p. With these results providing further evidence that the group’s focus on structurally growing markets and its consolidation of a highly fragmented market continue to drive growth, cash flow and a higher ROCE, the FY20 P/E of 14.6x is not demanding against small/mid cap. 15x."
rivaldo: Excellent final results today. 27.2p EPS was ahead of Edison's forecast of 26.9p, as is the 9.55p dividend. And net debt is also better than forecast. Order books are at record levels, and the outlook is very bullish, with current year trading having "started well". Plus there are "Further acquisition opportunities developing": Https:// "With a record year end order book and a high level of design wins, we are well positioned for continued progress and excited by the opportunities that lie ahead as we continue to build a high-quality, global business"
rivaldo: Surprise! The year end update was evidently brought forward due to today's acquisition news..... Excellent trading update, summed up by: "Trading in the fourth quarter continued strongly and the Group expects to deliver full year earnings in line with the Board's expectations." Plus good cash generation with better than expected debt. And we have an institutional placing at 400p to help with two more nicely profitable acquisitions. A very good price considering where the share price fell to only recently. And I suspect the acquisitions will be earnings-enhancing more quickly than next year given the various synergies which DSCV have already proved they can achieve.
muzmanoz: 216,000 odd share sale. That moved the share price.
rivaldo: Tipped here - good to see someone else gets the reason for the continuing re-rating: Https:// "Why I'd buy this growth stock as it crushes the FTSE 100's performance Jun 5th 2018 9:35AM Full-year results from DiscoverIE Group (LSE: DSCV) today were encouraging. The electronic components designer and manufacture delivered some robust figures and said that in the trading year to 31 March it experienced "strong growth in sales, earnings and the order book"- music to the ears of those following the firm's growth story. The share price hasn't moved much today (so far), suggesting that the market expected decent trading figures. However, the stock rose around 100% over the last year or so, driven by perky forward earnings projections and a valuation re-rating. That's a performance that crushed returns from holding a FTSE 100 tracking fund over the period and is a good example of why it can be lucrative to invest in smaller firms outside the footsie as long as we do thorough research first. I think the operational and share price momentum looks set to continue, so I'm hanging onto my shares. Good figures Compared to the previous trading year, revenue elevated 11%, underlying operating profit lifted 18% and underlying earnings per share moved 16% higher. The directors expressed their confidence in the outlook by pushing up the full-year dividend by 6%. Chief executive Nick Jefferies said in the report that the firm's design and manufacturing division achieved "strong" organic growth in both revenue and profits during the year, and an efficiency programme boosted profits in the company's custom supply division. The order book moved 12% higher and, in order to cope with the increased demand, the company invested in additional production capacity at sites in India, Slovakia and South Korea. During the current trading year, the directors plan to invest further funds in China and Rotterdam. Looking forward, Mr Jefferies said the new trading year started with "continuing growth in orders and sales" and DiscoverIE is "well positioned" to benefit from the ongoing technology changes unfolding in the firm's target markets. Trading up the value chain The growth agenda seems clear with the firm stating that it aims to increase sales "well ahead" of Gross Domestic Product (GDP) over the economic cycle by "focusing on structural growth markets." The plan involves shooting for both organic and acquisitive growth and "moving up the value chain" to further increase revenues in the "higher margin" design and manufacture (D&M) division. Progress so far has been brisk, with the company earning around 71% of its operating profit from the D&M division during the year and 29% from Custom Supply. The directors have their sights set on expanding sales in North America and Asia in order to "internationalise the business." One of the things I find most attractive about the firm's business model is that it designs and manufactures "application-specific" components to original equipment manufacturers (OEMs) making DiscoverIE integral to these OEMs' production processes. Such arrangements lead to high levels of repeat revenue and long-term customer relationships that potentially keep incoming cash flow steady and reliable. The company's journey from distributor to specialist designer and manufacturer is transforming its prospects, and I think the growth strategy looks set to drive further investor returns from where we are now. This one is well worth your research time, I reckon."
rivaldo: 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 :// "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;
rivaldo: Numis raise forecasts, and target price to 455p.... http :// "Numis ups target price for DiscoverIE after raising estimates following recent Dutch acquisition 11:13 02 Feb 2018 The City broker’s analysts upgraded their full-year 2019-2020 earnings per share forecasts for DiscoverIE by 7-8%, leading them to increase their share price target to 455p Numis Securities has upped its target price for DiscoverIE Group PLC (LON:DSCV) after raising estimates following the recent news of the £23.7mln acquisition of Santon, a designer and manufacturer of patented direct current switches. In a note to clients, Numis’s analysts said: “We view this as an attractive acquisition, significantly enhancing the Group's exposure to the structurally growing renewables (particularly solar) market, as well as boosting geographic diversification (particularly Asia).” The City broker’s analysts upgraded their full-year 2019-2020 earnings per share forecasts for the customised electronics supplier – formerly known as Acal PLC - by 7-8%, leading them to increase their share price target to 455p. With the shares currently trading at 395p each, the Numis analysts reiterated an ‘add’ recommendation on DiscoverIE. They concluded: “The shares now trade on a FY19E PE of 14.8x and EV/EBITA of 10.9x, which we view as undemanding given the cyclical and structural tailwinds to which DiscoverIE is exposed.”
Discoverie share price data is direct from the London Stock Exchange
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