Driver Share Discussion Threads

[rp19] 24/4/2014 20:52

Rightly or wrongly I sometimes associate Friday statements with less positive news! So hoping for next week now! Yes, good progress in their main markets in the last update. Although only representing a small proportion of their market, it would be good to see improved news regarding Africa and the US.

[el1te] 24/4/2014 19:13

I'll take a completely uneducated guess at tomorrow, for the simple reason that I've had a lack of news for most of the companies I hold!

Expecting a bullish update from this reliable company, even if its small African operations are under pressure. The positive AGM statement and the Canadian JV bode well. More than happy to stick with my thoughts that Driver will smash expectations this year.

Here's hoping!
El1te

[rp19] 24/4/2014 19:07

Getting earlier each year until now. The above were Tue, Wed and Thur. So my guess is tue 29 April!

[el1te] 24/4/2014 16:47

Based on past years, before the end of April looks most likely. These are the previous dates to guess using:

- 2013: 9th April
- 2012: 19th April
- 2011: 27th April

El1te

[rp19] 24/4/2014 16:25

El1te - any update when the trading update is expected?

[el1te] 14/4/2014 13:40

Yep, trading update should be released either this week or next, based on previous years' dates.

Looking forward to it as I continue to reckon that they'll beat market expectations again this year.

El1te

[pj 1] 03/4/2014 14:12

Hoping yes. The chart is starting to look very bearish :-((

[effy123] 03/4/2014 14:11

Expecting a H1 trading update in the next few days, next Wednesday would be my guess. Let's hope for some more good news.

[superstardj] 18/3/2014 13:06

Anglosphere, same common law, business ethics and very little revenue from there as yet for DRV. Looks a one-way bet to me.

[m.t.glass] 18/3/2014 12:42

Canadian JV for Driver Group

Construction and engineering consultancy Driver Group has entered into a joint venture agreement with a Canadian business.

The partnership between the Rossendale-based company and MHPM Project Managers Inc will provide a presence in the Canadian market for Driver Group's brand and its provision of expert services and claims and disputes services.

MHPM, which was founded in 1989, operates from 25 offices across Canada. The two businesses plan to use this network to develop an advisory service aimed at avoiding, managing and resolving disputes on construction, infrastructure and engineering projects.

Dave Webster, chief executive of Driver Group, said: "MHPM is a very well respected project leadership business in Canada with the world-class capabilities that Driver Group is exceptionally pleased to be associated with.

"This strategic partnership allows Driver to expand its core services through a well established network of offices across Canada and I look forward to working with Franklin and his team in developing the opportunities we see available to us."

Franklin Holtforster, president and chief executive of MHPM, added: "We are pleased by Driver Group's decision to partner with MHPM. This relationship will permit MHPM's offices across Canada to provide our clients with immediate access to Driver's world-class capabilities in the areas of claims and dispute resolution."

[marky55] 12/3/2014 15:18

2013 underlying profit was £3.1m, I estimate 2014 should be 50% higher:- Middle East organic revenue growth was about 40% in 2013, and they say momentum has continued into 2014 .... assume say 25%, which is an extra £4m revenue. Margins are high here, 27% in 2013, assume 25% in 2014 to give £1m additional profit.- Asia lost £0.7m in 2013 due to investments which they say are paying off. They are delighted with performance to date. On the basis that Asia would need to be profitable to enable such delight, I assume it is at least marginally profitable this year, so again an extra £1m profit vs last year.- Any growth in Europe nets off vs declines in Africa and US.- Systems investment per the AGM statement, assume say £0.5m.So I make it around £4.5m for 2014, or about 50% growth.

[cheshire man] 12/3/2014 15:13

Nice turnaround here :-)

[madmix] 12/3/2014 08:21

Good write-up El1te, thanks. Had some first thing this morning. I agree it looks good value at the current price.

[el1te] 11/3/2014 22:46

As I have alluded to... many times!

Driver Group - A Robust Proposition

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] 11/3/2014 13:38

Agree. Anything below £1 is top-up territory for me. However, is a little disappointing that the uptrend broke fairly easily.

[stegrego] 11/3/2014 12:57

Still falling, but looking cheaper by the day.... Sub 10 2015 pe now.

[petersinthemarket] 01/3/2014 16:03

recent share price chart very similar to that of csg - may be sector specific rather than anything to do with company. pete

[rp19] 28/2/2014 20:53

Thanks for the AGM review Superstar DJ - sounded positive. I liked your comment on under promising and over delivering.

[el1te] 28/2/2014 15:25

I suspect that Driver are actually trading towards the upper end of expectations, but that management wanted to leave themselves some space in case the Americas and Africa continue to drag.

All will become clear later in the year. Very solid hold.

[superstardj] 28/2/2014 11:01

Company REFS shows Charles Stanley at 8.7p for the year to September 2014 and 11.4p for the following year.

[pj 1] 28/2/2014 10:43

I have 12.5p eps for 2014, yet Barclayes have now removed Broker forecast.

Does anyone else have anything?

[shrout] 28/2/2014 10:01

Chart looking a bit toppy though. The share price has dipped below the 200day MA for the first time since 2011, which, if you believe TA has any merit at all, could be taken as a first warning of a possible reversal.

[tudes100] 28/2/2014 09:47

excellent, thanks SDJ

[pj 1] 28/2/2014 09:45

SDJ, Thanks for the feedback, much appreciated.