Share Name Share Symbol Market Type Share ISIN Share Description
Discoverie Grp. LSE:DSCV London Ordinary Share GB0000055888 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.25p -2.03% 350.50p 350.00p 360.00p 356.50p 350.875p 351.00p 76,402 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services - - - - 0.00

Discoverie Grp. Share Discussion Threads

Showing 1 to 23 of 25 messages
Chat Pages: 1
DateSubjectAuthorDiscuss
13/12/2017
10:26
Thanks Riv
petewy
13/12/2017
10:19
Good coverage of the new Berenberg note: http ://www.proactiveinvestors.co.uk/companies/news/188648/discoverie-shares-strong-performers-over-the-last-year-but-still-plenty-to-go-for-says-respected-german-bank-188648.html?utm_source=Sign-Up.to&;utm_medium=email&utm_campaign=7163-371975-Proactivity+-+12%2F12%2F2017 "discoverIE shares strong performers over the last year, but still plenty to go for, says respected German bank 15:25 12 Dec 2017 The number crunchers at Berenberg believe the shares, currently changing hands for 363p, are worth 460p Up 60% in the year to date and 140% over the past 12 months, it would be easy to assume shares in the electronics component business discoverIE Group PLC (LON:DSCV) are up with events. But, according to analysts at Berenberg, there is still plenty left on the table for investors new to the story. WATCH: DiscoverIE is the new Acal Why? Well, the number crunchers at the German investment bank believe the shares, currently changing hands for 355p, are worth 460p. Initiated with a 'buy' rating Berenberg provided the valuation as it initiated coverage of the stock with a ‘buy’ rating. It pointed out the company, formerly known as Acal, has ‘transitioned’ in recent years from commoditised parts to a design-led approach, which has boosted the business’ profitability. Since 2011, EBIT margins have doubled to 6.2% and are on course to hit 7.5% by 2020 and 8.5% “thereafter221;. However, Berenberg says there may be a way of accelerating growth via well-judged deals. Fragmented market It points out the £20bn market for customised electronic components is “extremely fragmented”, consisting of “many subscale designers that lack the distribution channels to unlock their full value”. In fact discoverIE has tapped into these sorts of opportunities already, making 13 acquisitions worth around £150mln in the last eight years. “It buys growing businesses, allowing them to operate in a decentralised structure,” said Berenberg in its note to clients. “Meanwhile, it generates revenue synergies by offering them access to its distribution network of 25,000 customers.” M&A scenario Berenberg’s M&A scenario assumes the company has access to £200mln of debt that can be deployed over the next five years, which it reckons could yield an equity value of up to £530mln. It also believes the discoverIE’s underlying markets have a number of long-term growth drivers, including increasing electronic content in products; shorter product life-cycles; and increasing industrial connectivity. “In the near term, a buoyant Eurozone backdrop, coupled with revenue synergies from new acquisitions should drive growth ahead of the broader market,” it added."
rivaldo
12/12/2017
08:29
Nice - Berenberg have today initiated coverage with a Buy and a 460p target: Http://investing.thisismoney.co.uk/broker-views/ Clearly the City is beginning to "discover" (ho ho) this company as it grows and transforms. And as it does its rating will grow and improve.
rivaldo
08/12/2017
12:21
New Edison note just out FYI: Http://www.edisoninvestmentresearch.com/research/report/discoverie-group/preview/ Interesting: - DSCV trades at a 37% discount to its sector, implying a 564p share price - "using existing credit facilities to make £50m worth of acquisitions could add 20-25% to FY19e EPS" - which implies around 28p potential EPS for the year starting next April, even without any further organic upgrades
rivaldo
08/12/2017
07:22
Hi sharw, no problem - will do. News here of DSCV's designing new wireless technology solutions for remote monitoring: Http://www.acalbfi.com/uk/articles/articlesContentPage/Case-study-and-interview--Remote-monitoring-in-open-water/NA-000753 "Case study and interview – Remote monitoring in open water Find out how Acal BFi’s flexible and creative engineering design approach helped support Thinnovation with an almost impossible set of design requirements for their remote monitoring solution, Remon. The challenge With sensors sending data to the Cloud from boats in the middle of a marina, Thinnovation’s Remon solution required data to travel up to 10km wirelessly. It had to be cost effective and operate for at least one year on battery power alone. It also had to be user friendly and scalable, allowing end-users to self-install the system. The solution Having considered multiple technologies, Thinnovation contacted Acal BFi regarding a relatively new wireless technology, LoRaWAN. To deliver all of Thinnovation’s requirements, Acal BFi provided complete design support to develop an advanced design with four wireless technologies that also brought new additional features and functionality. The benefits By working with Acal BFi designers and splitting the data journey into smaller stages, Acal BFi were able to suggest different wireless technology solutions, enhancing the software to provide an even better solution for Thinnovations’ customers. Find out how Acal BFi directly supported this customer with the latest wireless technology in our case study, and hear how this advanced level of support benefited their design from Nic Burkinshaw, Director, Thinnovation, in our exclusive interview below."
rivaldo
07/12/2017
17:44
Yes, and the chart looks even better today but this is one of those shares where you have to stop and work out what is actually happening. Just before close yesterday the mid point was 355.875 (354.75/357) and today 353.125 (346.25/360) so that's down 2.75 right? Wrong - it is officially up 5 because there was ONE share traded in the closing auction yesterday at 355 and 75 today at 360 so that makes them the closing prices. Manipulation? Perish the thought. It is also more difficult to follow trades because this one is also traded on NEX: hTtp://www.nexexchange.com/member?securityid=10020 rivaldo - are you able to put that link in the header?
sharw
07/12/2017
13:36
Blinding current chart though :)
soundbuy
05/12/2017
20:46
It's a shame we've lost the chart information under the previous name
davr0s
05/12/2017
10:48
from 04.12.17: FinnCap retains 405p target price.
mfhmfh
05/12/2017
09:36
New highs again this morning, with buying at 359.95p. Nice article here: Http://www.fool.co.uk/investing/2017/11/28/one-growth-stock-id-buy-and-hold-for-the-next-decade/ "One growth stock I’d buy and hold for the next decade Royston Wild | Tuesday, 28th November, 2017 | I have long been a big fan of Acal (LSE: ACL) and, although the market has remained unmoved in Tuesday business, the company’s latest trading statement today has firmed up my bullish view. The electronics builder and distributor — which from today will be known as discoverIE Group — announced that revenues detonated 21% during the six months to September, to £190.2m, a result that pushed underlying pre-tax profit to £10.4m, up 42%. And discoverIE, boosted by a solid order book, is confident that it can continue making progress in the near term and beyond. Chief executive Nick Jefferies commented: “The second half has started well and we are on track to deliver full-year performance in line with our expectations, supported by a record order book of £111m. “Together with an increase in new project design wins of over 30%, with an estimated lifetime sales value of over £90m, we are well positioned for continued growth.” Meanwhile, discoverIE’s multi-year programme to boost margins by expanding its Design and Manufacturing arm is also delivering the goods. The company saw its underlying operating margin increased by 60 basis points, to 6.2%, during the first half. Brilliant forecasts It should come as little shock, therefore, that City analysts expect discoverIE to continue growing earnings at a terrific rate. In the year to March 2018 a 10% bottom-line improvement is anticipated. And the good news does not end here, a further 8% advance predicted for the following year. These current forecasts make the small-cap a brilliant value pick too. On top of carrying a forward P/E ratio of 14.4 times, it also boasts a corresponding PEG multiple of just 1.4. What’s more, today’s release underlined the fact that discoverIE is a growth dividend share that investors should take notice of — the business hiked the interim dividend 8% year-on-year to 2.65p per share on the back of its strong results. In fiscal 2018 the total dividend is expected to increase to 9.3p per share from 8.5p previously, City analysts are predicting, meaning that discoverIE sports a chunky 2.9% yield. And the yield steps to 3.1% for next year thanks to an anticipated 9.8p reward."
rivaldo
04/12/2017
13:51
Finncap's quarterly note on the Support Services sector is out today. In it, they highlight how infrastructure will be disrupted by smart technology. They highlight six companies well placed to benefit from this transformation. DSCV is one of them (I also hold RNWH, which is another): "discoverIE, with its focus on providing innovative electronics and its design-tomanufacture capability, is well placed to help manufacturers provide the electronics needed to support Smart Infrastructure. Indeed, in January 2017 the group doubled its sensor capability with the acquisition of Variohm. Recent results confirmed that sensors are a fast-growing segment for discoverIE."
rivaldo
04/12/2017
10:14
Nice £385,000 buy at 350p this morning, and moving up to new highs now at 349.25p mid-price (ignore the thread header chart).
rivaldo
01/12/2017
15:02
Thread hopping here - cheers all........
soundbuy
01/12/2017
10:34
Tipped in this week's IC as follows: "What’s in a name? I wonder if shareholders were more enamoured by Acal changing its name to discoverIE (DSCV), or an 8 per cent hike in the half-year payout? The new handle is a truncated form of 'discover innovative electronics' and is meant to reflect the primacy of the group’s design and manufacturing (D&M) business, which accounts for 78 per cent of underlying profits. It’s no longer a garden variety distributor although, curiously, management opted to keep the existing trading names. Presumably, the punters are showing more brand loyalty than management. Whatever you call it, the group revealed underlying revenue and pre-tax growth rates of 15 and 23 per cent, respectively, at constant currencies. It delivered across a range of performance targets, including a 60-basis point increase in the underlying operating margin. An enhanced ability to offer customised D&M options is contributing to a sharp rise in cross-selling opportunities, reflected in an increase in new project design wins of over 30 per cent. But there is also increased commercial crossover because of a strategic focus on perceived growth areas, such as the renewable energy and medical spheres. All this contributed to a record order book of £111m – a 16 per cent increase at fixed currencies. Broker Peel Hunt forecasts adjusted profit of £23.6m for the March 2018 year-end, leading to EPS of 23.6p, against £21.5m and 22p in FY2017. IC View We’re nonplussed about the rebranding, but the margin uplift and a 2.8 percentage point increase in return on capital employed (ROCE) demonstrate that the transition to a ‘value added’ commercial model makes sense – even if discoverIE doesn’t. Trading at 14 forecast earnings, the shares still look undervalued. Buy."
rivaldo
01/12/2017
09:02
New audio interview with the CEO, who comes across very well. In particular: - D&M is now 80% of profits - Brexit will have negligible impact as (1) most products are made outside Europe, and (2) there's very little cross-border trading between the UK and the EU: http ://www.proactiveinvestors.co.uk/companies/stocktube/8421/discoverie-is-the-new-acal-8421.html?utm_source=Sign-Up.to&utm_medium=email&;utm_campaign=7163-371538-Proactivity+-+28%2F11%2F2017
rivaldo
30/11/2017
11:54
looking for 400p here by end of year.
mfhmfh
30/11/2017
11:25
Excellent interview with the CEO: Http://www.cityam.com/276569/electronic-parts-maker-acal-reveals-its-new-name-discoverie "Tuesday 28 November 2017 12:28pm Electronic parts maker Acal reveals its new name will be DiscoverIE as business booms Acal, the company that supplies electronic components for everything from Nespresso machines to wind turbines, has announced it will change its name to DiscoverIE from today, signifying a shift in the company's ambitions. The firm began as a distributor of electronic components, but since 2011, it has been building up its design and manufacturing (D&M) business. Now, D&M makes up 80 per cent of the group's profit. Chief executive Nick Jefferies told City AM it was the right time for a rebrand to make it clear that the company has changed. "We've reached a tipping point where almost everything we do is D&M. It just felt right to make the change," Jefferies said. DiscoverIE stands for "discover innovative electronics", and the company will start trading under its new ticker, DSCV, tomorrow. Jefferies added the company plans to keep building its D&M business, partly through acquisitions. DiscoverIE typically acquires two smaller, niche electrical components firms each financial year. With one bought in January and the end of the year approaching in March, Jefferies said the company is due for another. "There are a lot of opportunities in this market place," he said, noting that markets from energy to transportation are being driven by the adoption of new technologies. DiscoverIE aims to be the company supplying the niche parts for these new technologies. The company made the announcement alongside its half-year results. For the six months to the end of September, the firm's revenue rose 21 per cent, or 15 per cent at constant exchange rates, to £190.2m. Underlying profit before tax jumped 42 per cent compared with the previous year to £10.4m. "The second half has started well and we are on track to deliver full-year performance in line with our expectations, supported by a record order book of £111m," Jefferies said. "Together with an increase in new project design wins of over 30 per cent, with an estimated lifetime sales value of over £90m, we are well positioned for continued growth." The company aims to repeat the success of the past five years by doubling revenue and underlying earnings per share."
rivaldo
30/11/2017
11:24
No probs TIM - hope you don't mind, but I've set up a new thread with a full header post and bells and whistles :o)) Http://uk.advfn.com/cmn/fbb/thread.php3?id=42003065
rivaldo
30/11/2017
11:22
discoverIE is the new name for Acal (ACL). Finncap have recently increased their target price to 405p and say Buy. They forecast 22.9p EPS this year rising to 25.1p EPS next year, with 9.2p and 9.7p dividends respectively. The recent interims were excellent, underlining the company's transformation in recent times to own designed and manufactured (D&M) products at higher margins in growing sectors like medical, internet of things, renewable energy, transportation etc: Https://www.investegate.co.uk/acal-plc--dscv-/rns/half-year-report/201711280700036482X/ "Highlights Strong growth in sales, orders, profitability and earnings o Sales up 21% (+15% CER(2)) on orders up 22% (+15% CER) o Underlying operating profit up 34% (+23% CER) o Underlying earnings per share up 24% o Interim dividend increased by 8%" "Nick Jefferies, Group Chief Executive, commented: "This is a strong set of results. Sales increased by 21%, of which 9% was widespread organic growth across the Group, and underlying earnings per share increased by 24%. The second half has started well and we are on track to deliver full year performance in line with our expectations, supported by a record order book of £111m. Together with an increase in new project design wins of over 30%, with an estimated lifetime sales value of over £90m, we are well positioned for continued growth. Since 2011, we have been building a Design and Manufacturing business that would transform the Group into a higher margin business. D&M now accounts for 78% of Group underlying profit contribution and to reflect this and, more importantly, our further ambitions, we are announcing today that the Company is changing its name to discoverIE Group PLC (LSE: DSCV), recognising how we help our customers to 'discover innovative electronics'. The Group's operating business names, which customers know and rely upon, remain unchanged, preserving trusted brands. We have many growth opportunities ahead of us as we drive towards our stated targets, and our ambition remains to repeat the performance of the last five years by doubling revenue and underlying earnings per share through a combination of organic growth and value-enhancing acquisitions." Here's the web site: Http://www.discoverieplc.com/discoverie/en/home "discoverIE (LSE: DSCV) is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications. We provide application-specific components to original equipment manufacturers (OEMs) internationally. With our in-house component design capability, we assist customers in designing a component to meet their requirements from our wide range of products, which we then supply for their production needs. The Group's long term, multi-year customer relationships generate a high level of recurring revenue. Our key growth markets are renewable energy, transportation, medical and industrial connectivity, all of which enjoy structural growth and increasing electronic content. Our strategy is to complement this organic growth with targeted acquisitions. The Group employs c.3,800 people and its principal operating units are located in Continental Europe, UK, China and Sri Lanka." Link to the old ACL thread: Http://uk.advfn.com/cmn/fbb/thread.php3?id=20830006 DSCV are also traded on NEX: Http://www.nexexchange.com/member?securityid=10020
rivaldo
30/11/2017
08:46
Yes rivaldo; more haste less speed would have been better. Unfortunately advfn don't allow editing of the title.
this_is_me
29/11/2017
20:21
Thanks This is me
petewy
29/11/2017
13:39
This from IC today: 'Trading at 14 forecast earnings, the shares still look undervalued. Buy.'
mfhmfh
29/11/2017
08:29
Thanks TIM. Being a pedant, can I point out that it's "formerly", not "formally"! It would also be great to have some info about the company in the thread header, as well as the "latest news" box ticked. If you can't be bothered I'm happy to put together a header post for a "new" new thread?
rivaldo
Chat Pages: 1
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V: D:20171214 04:14:20