Driver Share Discussion Threads

[netcurtains] 21/10/2021 08:14

The cash pile is pretty big. I feel it could be trading between 60-70p but who knows 80p plus might be on the cards once the sums are all done.

[edmonda] 21/10/2021 07:39

Today’s trading update from Driver Group is optimistic, highlighting a material improvement in activity levels during Q4 and a positive start to Q1 ’22. The rise in demand for the higher-margin expert services, combined with a decline in the impact of the pandemic on decision making, a restructuring of the Middle East / APAC regions, and new offices, have resulted in renewed positive momentum. We have introduced estimates for FY21 and FY22, with the latter reflecting these strong growth drivers. Year-end net cash is expected to amount to £6.5m or 11p / share, representing 22% of the market capitalisation. The cash position reinforces our belief that the shares remain lowly valued, underpinned by our valuation models.

Comparing DRV to a combination of its peers and our relatively conservative DCF model, we feel that the shares continue to be significantly undervalued, particularly in a consolidating market. Our fair value sits some 44% above the current share price, suggesting significant scope for a re-rating of DRV’s shares.

[18bt] 21/10/2021 07:38

Slightly jam tomorrow statement, but positioned for a good FY22

[norbert colon] 20/10/2021 11:43

Trading update tomorrow I expect - need a nice positive outlook.

[netcurtains] 20/10/2021 11:19

I'd say 55p is average price so its still below average for past 3 years.
Should really be about £1.50 anyway

[trident5] 19/10/2021 09:43

North or South?

[norbert colon] 19/10/2021 09:21

New office in Koreahttps://www.driver-group.com/en/global/news/new-office-seoul-s-korea

[gleach23] 04/10/2021 18:30

Good to see what looks like a 25k buy this afternoon. FY trading update later this month.

[netcurtains] 22/9/2021 09:35

Driver Group #DRV is now at the bottom of its trading range.
"if" it bounces back quite big profits can be made.

Total Assets £31M (including about £7M cash)
Total Liabilities £11M
Net Assets £20M
Market Cap £25M
Annual Profits about £3M
hxxps://www.driver-group.com/en/global/

[netcurtains] 13/9/2021 12:17

ha ha - true . lets hope it pushes through 65p this time

[trident5] 13/9/2021 10:14

That's more than can be said for the share price.

[netcurtains] 13/9/2021 08:15

In a list of value companies Driver often comes up.

[gleach23] 10/9/2021 12:10

Some volume appearing on the Bid now so couldn't resist a top up @ 50.44p

[gleach23] 10/9/2021 10:31

Broken your higher lows trend too net :)

Nonetheless I'm hopeful of a repeated pattern of share price performance once this (presumed) seller is done.

[netcurtains] 10/9/2021 09:02

Looking at the ups and downs, this is definitely a down. lol

[gleach23] 10/9/2021 08:44

SP weak at the moment @ 50-53 with the Offer falling even after purchases. Looks currently as if I can can buy 27.5k and sell just 150 shares.

XD on 23rd for 0.75p and we should get a FY Trading Update in October.

Looking to time another top up.

[netcurtains] 01/9/2021 11:49

Don't forget to tip the Driver.

[barkboo] 10/8/2021 10:44

A sleeping giant - all in good time.