Discoverie Share Discussion Threads

[davr0s] 23/10/2018 18:51

Nah - just a share that has broken trend

[f1araway] 23/10/2018 17:25

Down 7.6%.There must be a mega meteor coming to Earth and we haven't been told.

[rivaldo] 19/10/2018 12:11

Buyers paying 435p now.

[rivaldo] 19/10/2018 06:52

Good mention in today's market report in the Times:



"Among smaller companies, shares in Discoverie, which designs, makes and supplies components for electronic applications, rose 7.7 per cent after it announced the £19 million acquisition of Cursor Controls, a specialist designer and manufacturer of human-to-machine interfaces, such as touchpads used in medical, industrial and transport sectors. Numis issued an “add” rating and upgraded its pre-tax profit and earnings per share forecasts for 2020 to 2021 by 4 per cent, saying that the deal was “highly complementary to Discoverie’s existing design and manufacturing operations.” Discoverie shares rose 29p to 406p."

[rivaldo] 18/10/2018 10:19

Nicely up today - a delayed reaction to yesterday's good news no doubt.

Finncap have reiterated their 488p target:

[f1araway] 17/10/2018 13:15

Mmmm.......buying but still down........

[rivaldo] 17/10/2018 11:35

Peel Hunt retain their Buy and 500p target:



Almost no trading despite the acquisition news. Perhaps it'll pick up this afternoon.

[rivaldo] 17/10/2018 07:18

Here we go - a new immediately earnings-enhancing acquisition. The core £19m buys £2.1m underlying profit (before exceptionals etc), so pretty good value.

This also expands the high-margin D&M division and has potential for cross-selling too:



"Cursor Control's products, which comprise trackballs, touchpads and ruggedised keyboards, are custom designed for specific applications, and are highly complementary to the Group's existing business. The acquisition is consistent with discoverIE's strategic focus on structural growth markets with over 60% of its revenues derived from medical and industrial sectors. Over 90% of its sales are to international markets, with 40% being into America, Asia and other non-EU markets. The business, which is based in Newark, UK, with manufacturing facilities in the UK and Belgium, will operate within the Group's Design & Manufacturing division whilst retaining its distinct brand identity."

[rivaldo] 11/10/2018 11:18

Berenberg say Buy and have a 525p target.

Peel Hunt say Buy and have a 500p target.

Finncap retain their 480p target:



When the market lifts out of its funk DSCV will hopefully recover quickly given the confidence, prospects and upside.

[eggbaconandbubble] 11/10/2018 09:04

Could ask for the share price to go up!

[rivaldo] 11/10/2018 07:33

Indeed - as encouraging an H1 trading update as you could hope for:

- "strong" Q2 trading
- comfortably in line with expectations
- order books up 18% year on year
- higher margin D&M sales up 21%

And strong hints of action to come:

"With a clear organic growth strategy and an active pipeline of acquisition opportunities, the Board expects to make further progress throughout the year".

Can't ask for more.

[eggbaconandbubble] 11/10/2018 07:08

RNS.

No expert here but trading update seems be all hunky-dory!

[sharw] 26/9/2018 09:14

Some badly programmed bot doing dozens and dozens of trades of one share.

[f1araway] 25/9/2018 22:12

Shocking movement considering broker comments etc.It's being hammered for reasons beyond our ken although it was mooted that Standard Life had been selling which has been a surprise to me considering how positive they had been only 4 months ago.Of course there is no comment from DSCV.

[muzmanoz] 25/9/2018 19:32

More odd share transactions today. Someone/algo trying to push the share price down?

[eggbaconandbubble] 17/9/2018 16:11

Don't you think that the market makers are just running the price down before sending it back up to where it should be?

I've seen that happen so often before.

[f1araway] 14/9/2018 11:46

Didn't I read that a Standard Life fund was a big seller?rivaldo I agree however that surely the price cannot be justified on previous results and the last update.

[rivaldo] 14/9/2018 11:22

Probably just a seller out there in a relatively illiquid stock and a quiet summer.

DSCV should recover nicely with the H1 trading update due in only 4-5 weeks, especially given the excellent Q1 trading update.

Meanwhile, news of another new partnership:



"Acal BFi in new pan-European partnership with Advanced Energy

Acal BFi in new strategic pan-European partnership with Advanced EnergyAcal BFi have further enhanced their power portfolio to include high-voltage solutions in a new strategic partnership with Advanced Energy. The new agreement between the two technology leaders provides customers across Europe with access to Advanced Energy's (AE) full portfolio – including the high-voltage UltraVolt and HiTek Power product lines – with direct customer technical support from our expert engineers.

AE and Acal BFi sought to partner following their successful partnerships with Excelsys and Trek, which were both recently acquired by AE. The extended agreement provides customers with immediate access to all current and future product lines and brands in the newly extended group.

Access to wide range of products from UltraVolt and HiTek Power

The vast portfolio features 55 separate platforms and 1,500 standard, modified and custom high-voltage solutions. AE's UltraVolt and HiTek Power product lines are inherently flexible, with thousands of variations covering an exceptionally wide operating range of input/outputs from 100V to 500kV and 1W to 100kW. AE's solutions are proven to be highly reliable and deliver excellent power quality, with more than 450 applications in more than 80 markets worldwide currently using an AE high-voltage solution.

Access to technical, design and integration support from Acal BFi

By joining the Acal BFi power portfolio, more European customers can now benefit from AE's leading solutions with the direct technical, design and integration support of Acal BFi experts. With in-house capabilities to modify, customise and configure power supplies, solutions can be tailored to exact customer requirements, while also opening up the technology to more applications than ever before."

[davr0s] 13/9/2018 19:44

Classic stage 4 of a trend which is why I sold some time back when trend broke down. You can come up with all manner of theories but you won't work out why it's now under distribution

[donny13] 13/9/2018 16:16

Why all the selling?

[f1araway] 12/9/2018 09:32

It's being seriously shorted !

[muzmanoz] 11/9/2018 17:57

What's going on with the repeat 103 share trades?

[f1araway] 10/9/2018 17:38

Funds still selling.......