Discoverie Share Discussion Threads

[rivaldo] 09/2/2018 08:30

Nice - Finncap have today increased their price target to 456p (from 405p):

[soundbuy] 06/2/2018 16:56

Was tempted to add...........but.........zzzzzzzzzzz

[rivaldo] 06/2/2018 11:30

DSCV should bounce nicely along with the markets.

Edison have issued a new note and have increased forecasts for the coming year by 9% to 24.6p EPS:



"Valuation: Still trading at a discount

On our revised forecasts, the stock is trading on an FY19e P/E of 15.3x, at a c 23% 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] 05/2/2018 15:39

Hmmmm.......had better days.........zzzzzzzzz

[sharw] 02/2/2018 17:11

Why not? The quote had come down to 371/385 at 16 14.

[soundbuy] 02/2/2018 16:52

Wouldn't go by that closing auction...........

[rivaldo] 02/2/2018 15:34

Numis raise forecasts, and target price to 455p....

http ://www.proactiveinvestors.co.uk/companies/news/191066/numis-ups-target-price-for-discoverie-after-raising-estimates-following-recent-dutch-acquisition-191066.html

"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.”

[rivaldo] 01/2/2018 22:43

Cheers mfhmfh. Good to see still decent upside to those price targets. Happy to hold long-term as DSCV continues its transformation and the market wakes up to what's happening.

[mfhmfh] 01/2/2018 16:57

'Peel Hunt today reaffirms its buy investment rating on Discoverie Group Plc Ord 5p (LON:DSCV) and raised its price target to 470p (from 450p).'


'Numis today downgrades its investment rating on Discoverie Group Plc Ord 5p (LON:DSCV) to add (from buy) and set its price target at 445p.'

[this_is_me] 01/2/2018 08:24

A second positive RNS is worth the extra effort, and £25, for double the publicity.

[soundbuy] 01/2/2018 07:51

Aye, nice bolt on

(could've stuck it on yesterday's RNS and saved £25......must have new PR crew in.. :)

[rivaldo] 01/2/2018 07:37

Nice sizeable acquisition today, earnings-enhancing for the coming year.

And in high-margin D&M, plus in the growing renewables and transportation sectors. Good to see the founder staying with the business too:



"Nick Jefferies, Group Chief Executive of discoverIE plc, said:

"The acquisition of Santon continues our strategy of growing discoverIE into a highly differentiated, international electronics design and manufacturing group.

With a long-established track record of producing high quality DC switches, Santon builds our position in niche components for solar power, a market that is set to grow significantly, and will create new opportunities in our other target markets such as transportation and medical."

[mfhmfh] 31/1/2018 16:28

Peel Hunt today reiterates 450p target price.

FinnCap today reiterates 405p target price.

[this_is_me] 31/1/2018 08:09

Yes - looking good.

[soundbuy] 31/1/2018 07:36

That'll do........still a tad under the radar.......

[rivaldo] 31/1/2018 07:21

What an excellent Q3 trading update - trading continued "strongly", sales up 13%, orders up 4%, margins improving.....



Plus a strong hint of action to come:

"In line with its strategy to grow its higher margin Design & Manufacturing division, the Group has several acquisition opportunities in the pipeline and has debt funding resources available."

[mfhmfh] 30/1/2018 16:08

Trading update tomorrow...

[f1araway] 30/1/2018 15:58

What according to ADVFN are big buys are in truth BIG SELLS

[f1araway] 26/1/2018 16:35

LAST 5 TRADES Time/Date Price Currency Volume Trade Value* 12:10:18 395.00 GBX 6,000 23,700.00 Off-book XLON 12:03:37 394.50 GBX 25,000 98,625.00 Off-book XOFF 12:03:24 394.50 GBX 24,779 97,753.16 Off-book XLON 11:30:55 394.00 GBX 10,000 39,400.00 Off-book XLON 11:30:46 394.00 GBX 10,000 39,400.00 Off-bookMaybe the result of the presentation yesterday.......

[soundbuy] 26/1/2018 15:01

DSCV, IOM and PLP

held all 3 since 2015..........virtually neck and neck....some journey

[rivaldo] 22/1/2018 11:28

The rather successful Amati UK Smaller Companies VCT have today issued their December 2017 newsletter.

In it they note that they're now taken an initial position in DSCV. Which is nice....



"We added a position in DiscoverIE Group (formerly Acal), a manufacturer and distributor of electronic components. DiscoverIE is reporting a strong order book, driven by design wins including electronic vehicle charging components and medical equipment."

[davr0s] 15/1/2018 18:59

Nothing - it's the spread. Nothing to see today

[f1araway] 15/1/2018 17:03

What's happening here then?

[rivaldo] 12/1/2018 11:59

More new highs today.

Thanks for the reminder F1araway - here's a link. I doubt I'll be able to attend this one, so hopefully you or someone else can report back:

Http ://www.proactiveinvestors.co.uk/register/event_details/125