Share Name Share Symbol Market Type Share ISIN Share Description
Driver Group Plc LSE:DRV London Ordinary Share GB00B0L9C092 ORD 0.4P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 57.00 152,318 08:00:00
Bid Price Offer Price High Price Low Price Open Price
56.00 58.00 57.00 57.00 57.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 58.49 3.25 5.20 11.0 30
Last Trade Time Trade Type Trade Size Trade Price Currency
15:55:49 O 52,078 57.58 GBX

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Date Time Title Posts
18/6/202116:30Driver Group - Global Construction Consultancy238
06/3/201816:32DRIVER GROUP884
25/4/201117:56Duran Ventures1
19/3/201119:52Durant going to $101

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Driver Daily Update: Driver Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker DRV. The last closing price for Driver was 57p.
Driver Group Plc has a 4 week average price of 48p and a 12 week average price of 48p.
The 1 year high share price is 70p while the 1 year low share price is currently 43p.
There are currently 52,453,968 shares in issue and the average daily traded volume is 381,540 shares. The market capitalisation of Driver Group Plc is £29,898,761.76.
joemillion: ST tips DRV as a buy in this weeks Investors Chronicle which will hit the doormat today. Should create some interest and new buyers. GLA.
dangersimpson2: Perhaps more importantly, AB Traction continue to add and ar enow up to 19.56%: hTTps://
gleach23: Thanks NC. Since it was an interesting and short article I thought it was worth posting in full - "AB Traction has increased its stake in construction dispute and property services provider Driver Group (LON:DRV) from 17.32% to 18.27%. This is something worth taking note of. That is the first change in the stake since last November. NASDAQ OMX Nordic Stockholm Mid Cap-listed AB Traction has a record of buying stakes in professional services companies when they are depressed and then selling to a bidder. AB Traction previously built stakes in Waterman and WYG and then sold them when a takeover was launched. AB Traction built up a 17.2% stake in property consulting company Waterman before selling it for 140p a share to CTI when that company made a takeover bid in 2017. The initial stake in Waterman was acquired in 2013, so AB Traction was a shareholder for more than four years."
norbert colon: appointment for DRV in a tricky region.
cheshire man: Driver Group plc 11 June 2021 DRIVER GROUP PLC ("Driver" or "the Group") Update re Dividend Driver Group PLC, the global professional services consultancy to construction and engineering industries, is pleased to announce that further to the interim results announcement, the interim dividend of 0.75 pence per share will be paid on 27 October 2021 to shareholders who are on the register of members at the close of business on 24 September 2021, with an ex-dividend date of 23 September 2021
dolittle1: ST had tipped PEN shortly after their drop following results. The tip led to price rise and then subsequently lost its gains. Expecting something similar here.
dolittle1: Simon, who is Rhomboid's friend, is always talking positively about DRV. So, should come good. Results next week. Atst, someone sold a few at 48p, well below bid.
sharw: There are rules for RNS - statutory information or news that has material impact on share price. This does not qualify. It would have for an RNS-R notice or even for an attachment to RNS notice of results but there we go - arbitrary rules.
edmonda: Driver Group plc (AIM: DRV) is pleased to announce that their CEO, Mark Wheeler and CFO, David Kilgour will conduct a live presentation and Q&A covering their results for the six-months period ended 31st March 2021. The event will take place at 11.00am on Thursday 10th June 2021. The online presentation is open to all existing and potential shareholders at no charge. Link to register:
norbert colon: Mr D Thanks for the compliment. Yes sure but these are just my opinions albeit from a position of some insight as I also work in the sector. There are a few things to consider when investing in Driver Group, the primary one being that its cyclical. The second is that we are new under new leadership with Mark Wheeler at the helm. I like Mark a lot and think he has re-focussed the Group in the right way namely focusing on Diales and their other higher margin expert witness offerings with gross margins of 30-40%. There will still be bread and butter / commodity type work as it keeps the lights on but clearly a focus on their higher margin work makes sense. As far as where we are in the cycle is concerned, this is somewhat reflected in the current valuation. There will be a few good years, a few flat years, a few poor years etc. Whilst Covid has, in the short term, created challenges it has also created a huge number of claims / delays / disputes across various sectors including construction which is my area. There is a lag between these claims being submitted (lets say from a Contractor to the Employer) and them ending up in dispute and potentially litigation / arbitration. Often it will take 18-24m for disputes to end up in Court. Now covid restrictions are easing and things are (hopefully - lets not mention India...) opening up, the opportunties can be better grasped and over the coming months all of these Covid related delays will start to wash through the system. We also have a number of tail winds in the form of Govt stimulus for high value infrastructure projects both here in the UK and in the US. This will create work as such projects invariable throw off claims / disputes as regularly as day turns to night. Another sign of the coming upturn is newsflow from the likes of Litigation Capital Management (LIT) - if you look at their most recent update from March they are seeing a strong demand for litigation finance for the very same reasons. So, without rambling on too much we are now in the up-cycle and should enjoy at least a couple of very good years. There is no reason why DRV cannot now deliver high single digit to low double digit margins with their renewed focus and if so the share price will not be 50p for much longer. There is always the chance of M&A too from the likes of those mentioned in one of my replies above. Many investors are after a quick buck in this market - DRV rarely have 3 months visibility of order book and aren't going to 10 bag, but they are a very well run and reputable business with a good management team, pay a dividend and at current prices offer a good risk reward with the potential of at least 100% upside from these levels. Hope that helps!
Driver share price data is direct from the London Stock Exchange
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P: V: D:20210622 20:10:36