Driver Share Price. DRV - Stock Quote, Charts, Trade History, Share Chat, Financials. Driver Group Plc

Gold vs US Dollar

Home
Investing
Stocks
UK
LSE
Driver Group Plc (DRV)
Driver Group Plc (DRV) Share Price

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%	32.50	18,073	07:44:42

Bid Price		Offer Price	High Price	Low Price	Open Price
31.00		34.00	32.50	32.50	32.50

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Heavy Construction, Nec	46.90	-2.89	-5.30	-	17.54

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
10:10:47	O	18,073	33.80	GBX

Related Shares
Compass (CPG), Experian (EXPN), Phsc (PHSC), Rtc (RTC)

Driver (DRV) Latest News

Driver News

Date	Time	Source	Headline
23/5/2023	07:00	UKREG	Driver Group plc Notice of Results
27/4/2023	17:02	ALNC	TRADING UPDATES: Ceiba net asset value down, up for Asia Dragon Trust
27/4/2023	07:00	UKREG	Driver Group plc TRADING UPDATE
23/3/2023	15:40	UKREG	Driver Group plc Result of AGM
14/3/2023	15:12	UKREG	Driver Group plc PDMR Dealings
02/3/2023	16:21	UKREG	Driver Group plc Holding(s) in Company
02/3/2023	16:08	UKREG	Driver Group plc Holding(s) in Company
28/2/2023	14:00	UKREG	Driver Group plc Notice of AGM
23/2/2023	13:55	ALNC	IN BRIEF: Driver Group confident of return to profit; hires new chair
23/2/2023	07:01	UKREG	Driver Group plc PRELIMINARY RESULTS AND DIVIDEND DECLARATION

More Driver News

Driver Investors Driver Takeover Rumours

Driver (DRV) Discussions and Chat

Driver Forums and Chat

Date	Time	Title	Posts
01/6/2023	10:20	Driver Group - Global Construction Consultancy	418
06/3/2018	16:32	DRIVER GROUP	884
25/4/2011	17:56	Duran Ventures	1
19/3/2011	19:52	Durant going to $10	1

Add a New Thread

Driver (DRV) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
09:10:48	33.80	18,073	6,108.67	O

View all Driver trades in real-time

Driver (DRV) Top Chat Posts

Top Posts
Posted at 13/5/2023 13:13 by arthur_lame_stocks That's the reason I hold the shares spooky. AB traction built a stake in both Sweett and Waterman before both businesses were sold. I reckon the same thing will happen to DRV and have a price in mind of at least 70p a share. And it pays a reasonable dividend whilst I wait. Read Full Thread Follow Reply
Posted at 27/4/2023 08:25 by chrisdgb Simply the wrong price......... Read Full Thread Follow Reply
Posted at 27/4/2023 07:46 by edmonda "Welcome news of progress" Full new research note with audio summary available here: https://www.equitydevelopment.co.uk/research/welcome-news-of-progress The pre-close trading update from Driver Group was encouraging, with static revenues (signifying rising productivity), improving profitability and margins, and the move into the black for the first time in two years within the Middle East region. Cash levels continued to improve, highlighting the collection of doubtful debts and higher profitability. We expect the solid foundations put in place by the management team over the last 12-18 months will provide a strong base from which to grow meaningfully over the medium term. Although our estimates remain suspended pending further visibility, we note the NAV (FY22 end: £16.4m or 30.3p / share) and net cash account for 35.1% of the market cap. DRV’s wider consultancy peer group, trades on an average prospective P/B ratio of 4.4x, suggesting that a re-rating of DRV shares looks overdue now that an inflection point has been passed. Our fair value/share remains 49p. Read Full Thread Follow Reply
Posted at 03/3/2023 11:39 by arthur_lame_stocks I don't expect AB Traction to bid. I think it is more likely they will force a sale of the company as at Sweet and Waterman. If that happens I expect to get at least 60p a share. Read Full Thread Follow Reply
Posted at 03/3/2023 10:04 by cjohn AB Traction surely would have used the recent price weakness to buy shares (like myself and others), if they really did want to take overall control. My guess is that Ruffer wanted out and approached AB Traction, rather than vice versa. The quantity offered was perfect for Traction as it keeps them below the 30% threshold. Chance of a Traction takeover 35%? PS Results as expected: promising. Read Full Thread Follow Reply
Posted at 23/2/2023 08:24 by boystown Not bad at all. It looks like they should be able to return to pre-tax of over £1.5m going forward, which implies a fairly unambitious valuation of more like £25m or 48p per share - which is exactly where it was just over a year ago before the Middle East problems - a boil which has now been lanced. Read Full Thread Follow Reply
Posted at 23/2/2023 07:46 by edmonda "A profitable start to the new year" - new research note with audio summary here: https://www.equitydevelopment.co.uk/research/a-profitable-start-to-the-new-year The new financial year has started strongly with a strong pipeline of opportunities and a lower cost base following an expanded rationalisation programme that resulted in most regions delivering a profit YTD in FY23. The results for FY22 were broadly in line with revised expectations, although the lack of forward visibility results in a continued suspension of estimates. That said, we expect FY23 to prove to be a turning point in the Group’s fortunes as utilisation levels improve now that projects are serviced globally. We are still suspending estimates reflecting a lack of visibility and ongoing uncertainty. While this makes the construction of forward-looking valuation models difficult, we highlight the NAV and within this the level of net cash at the FY22 year end. A historic FY22 price/book ratio amounts to 1.0x, on a book value of £16.4m, which equates to 29.8p/share. Furthermore, £4.9m or 9.1p/share of this is in cash, representing 30.7% of the Group’s NAV. Comparing DRV to a wider consultancy peer group that trades on an average historic P/B ratio of 4.7x, suggests that DRV (on 1x NAV) remains significantly undervalued. We retain our fair value/share of 49p. Read Full Thread Follow Reply
Posted at 21/2/2023 18:06 by arthur_lame_stocks Interesting that the price has been rising coming up to the results. Is there a belief that they'll be better than expected? Personally I can't imagine them being all that good but hopefully the outlook for the current year is much better. I'll continue to hold if only for the dividend which I expect to be maintained. Read Full Thread Follow Reply
Posted at 12/11/2022 21:27 by rossco I wish I could share your confidence. I note that Equity Development place a fair value of 49p. It seems to me that such a value could only be achieved if a global consulting peer group decided to take over Driver. At the moment Driver is a loss making business, with the impact of moving out of the Middle East on their total world-wide business not yet known. Also a provision of £1m is now needed for an onerous lease provision - where did that suddenly come from? Read Full Thread Follow Reply
Posted at 12/11/2022 08:35 by arthur_lame_stocks I think this is worth significantly more than 49p a share. Read Full Thread Follow Reply

Driver share price data is direct from the London Stock Exchange

Your Recent History

LSE

DRV

Driver

Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com

ADVFN UK Investors Hub ADVFN Italy ADVFN Australia ADVFN Brazil

ADVFN Canada ADVFN Germany ADVFN Japan ADVFN Mexico

ADVFN France ADVFN US ADVFN Korea

V: D: 20230607 16:06:20