Driver Share Discussion Threads

[petersinthemarket] 22/12/2013 15:48

>RP19-If you want a rough idea where the share price is going, take a 12mth chart and draw two parallel lines to match the highest highs and the lowest lows. Since drv is pretty consistently between these two limits you can project the lines and make your own estimates of future share price Your guess will be as close as any ones.

[el1te] 22/12/2013 13:49

Hi RP19,

Really difficult to call with this one. Charting is not particularly useful with Driver simply because it seems to be defying gravity and going up continuously!

It all depends whether the test of 136.5p is done gradually or as a spike. If done gradually, I expect pretty much no resistance, especially since the all-time high was made ages ago. Therefore I'm not convinced that many holders will have set limit sells at around that level thus any resistance would be reduced.

El1te

[rp19] 22/12/2013 12:26

Holder here. Enjoyed your detailed write-up. It is a pretty quiet BB here which I think is a positive.
I am not very experienced in charts. Would you expect the share price to test the 136.5 p level (ath) a few times before breaking through it?

[el1te] 20/12/2013 23:18

Driver Group - Driving Foward Confidently

New write-up on Driver available below. Feel free to sign up to free email updates via the right hand sidebar and leave comments on the article



Good Luck with your investments

El1te

[rp19] 17/12/2013 14:54

Hargreave Hale have increased their stake by over 50% (1,088,858 shares to 1,674,740 shares) to go to just over 6% of the company.

[norbert colon] 12/12/2013 11:47

hxxp://www.constructionweekonline.com/article-25562-driver-group-boosted-by-regional-performance/

[superstardj] 10/12/2013 09:28

The CEO has just sold enough shares presumably to pay his tax & national insurance bill on the exercise of the options. The rest he has taken up and increased his stake from circa 1.5m to 2m shares. I read that a positive. Directors often sell the lot.

[broadwood] 09/12/2013 16:32

Managed to hold all the early gains.

Strong outlook. 3 bagger now.

[mikeja] 09/12/2013 13:58

That is some chart

[pj 1] 09/12/2013 11:54

Will the market award us a greater than x11/ x12 P/E ?

[rochdae] 09/12/2013 11:22

Yes, happy with that. Going much higher with that growth ..

Roch

[sundance 13] 09/12/2013 11:21

From a h2 v h1 perspective, growth is just over 10% in terms of revenue and profit, so 4.8p underlying eps in h1 and 5.4p in h2. Assuming similiar growth for next year would lead us to around 12 to 13p eps for current year, so pe of around 11. Still looks good value even after today's rise.

[rp19] 09/12/2013 09:32

Great results and outlook.

[pj 1] 09/12/2013 09:31

Nice day!
Has anyone any targets/broker notes for eps 2014 and beyond

I have nothing....!! :-//

[bigbigdave] 09/12/2013 08:59

Breaking to new highs here......

[battlebus2] 09/12/2013 08:04

Middle east seems a difficult place to receive payments on time, Waterman pulled out mainly for that reason.

[sundance 13] 09/12/2013 08:02

Bad points I've picked out:Debtor days improved on last year but still running at over 100 days, very high, although creditors seem similiarly high. Presumably this is due to where they operate around the world? Gross margin % down slightly on last year, although operating margin % is up due to slower increase in admin costs.

[dasv] 09/12/2013 07:48

v. positive outlook and great revenue growth in middle east. Should be a gap up on open.

[broadwood] 09/12/2013 07:48

- Driver unveils record full year results with revenue growth in every region.

Underlyuing pre-tax profits for the year to the end of September rose to £3.1m from £1.7m and after-tax profits increased to £2.2m from £961,000.

Revenues rose to £37.2m from £26.2m] with growth of 80% in Africa, 20% in America, 203% in Asia Pacifica, 22% in Europe and 65% in the Middle East.

Non-executive chariman Alan McClue said: "I am pleased to report on the Group's performance for the financial year 2012-2013; a year in which we materially outperformed market expectations and reached record levels in terms of revenue, profits and earnings per share. Throughout the year we continued the positive trends seen in 2011-2012, and our strong cash generation took us to a net cash position at the end of the year. This strength in trading, cash generation and continued optimism across the business allows us to recommend an increase in the final dividend."

[interceptor2] 09/12/2013 07:35

It does look very strong, well done to holders and enjoy the well deserved price action today :o)

ic2...

[battlebus2] 09/12/2013 07:26

Yes looks great to me also.

[bigbigdave] 09/12/2013 07:13

On first read looks fab :o)

[broadwood] 09/12/2013 07:10

I particularly like this.



We are delighted, across the Group, by the way our current financial year has started and particularly in Asia Pacific which is showing early signs of benefitting from last year's investment. Europe and the Middle East continue with the momentum experienced as we exited our last financial year. We have visibility of our first quarter performance and our secure work beyond the first quarter together with a strong pipeline of opportunities ahead which gives the Board a high level of confidence in the outlook for the remainder of the financial year.

[rp19] 06/12/2013 12:17

Thanks for the advice Pete. I think your approach in terms of time/number of stocks/capital management is sensible for where I am at. Regards.

[petersinthemarket] 05/12/2013 11:01

>RP19 - I'm not sure anyone 100% solves that particular issue, but most experienced investors and speculators come to some sort of understanding that allows them to sleep comfortably at night. Partly a time issue. How long can you spend on the subject every day. I am aware that some contributors on these boards are managing a portfolio of 30 stocks and more. If you look at a semi-pro like Robbie (naked trader) he has very many more, but IMO it is impossible to watch that many in any detail on a daily basis without committing most of your waking hours to it. FWIW I feel most comfortable with between 5 and 10 stocks at any one time. Keep some capital back and occasionally modify the quantity of each individual stock held up or down according to progress. There are plenty of books that touch on the subject. By far the most inspirational IMO are the two main books about Jessie Livermore, ''The Boy Plunger'' (typically 1 to 3 stocks) but I am sure other contributors can recommend other good reading.
Sorry to all for o/t. This thread is rather quiet but still I don't want to block it up too much. GL - pete