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| 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 | 0.00% | 26.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 25.00 | 27.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Heavy Construction, Nec | 42.63M | -336k | -0.0064 | -40.63 | 13.66M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 26.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 28/6/2024 | 10:30 | UK RNS | Driver Group plc Change of Name |
| 28/6/2024 | 06:00 | UK RNS | Driver Group plc Holding(s) in Company |
| 24/6/2024 | 09:06 | UK RNS | Driver Group plc Purchase of Own Shares |
| 18/6/2024 | 10:02 | UK RNS | Driver Group plc Purchase of Own Shares |
| 12/6/2024 | 10:48 | ALNC |  IN BRIEF: Driver Group launches buybacks amid stable interim results |
| 12/6/2024 | 06:01 | UK RNS | Driver Group plc Share Buyback |
| 12/6/2024 | 06:00 | UK RNS | Driver Group plc Interim Report: Half-year ended 31 March 2024 |
| 05/6/2024 | 12:01 | UK RNS | Driver Group plc Holding(s) in Company |
| 05/6/2024 | 12:00 | UK RNS | Driver Group plc Holding(s) in Company |
| 31/5/2024 | 06:00 | UK RNS | Driver Group plc Notice of Results |
Driver (DRV) Share Charts1 Year Driver Chart |
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1 Month Driver Chart |
Intraday Driver Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 08/8/2024 | 05:38 | Driver Group - Global Construction Consultancy | 496 |
| 06/3/2018 | 16:32 | DRIVER GROUP | 884 |
| 25/4/2011 | 16:56 | Duran Ventures | 1 |
| 19/3/2011 | 19:52 | Durant going to $10 | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 21/11/2024 08:20 by Driver Daily Update Driver Group Plc is listed in the Heavy Construction, Nec sector of the London Stock Exchange with ticker DRV. The last closing price for Driver was 26p.Driver currently has 52,550,462 shares in issue. The market capitalisation of Driver is £13,663,120. Driver has a price to earnings ratio (PE ratio) of -40.63. This morning DRV shares opened at - |
Posted at 13/6/2024 15:10 by edmonda Video recording - Investor Presentation (June 2024) - Interim ResultsMark Wheeler, CEO and Charlotte Parsons, CFO of Driver Group held an online Investor Presentation covering highlights of Interim Results for the six months to end March 2024. Management provided operational, financial and regional updates, including the Middle East and APAC returning to profitability, good progress on the Group's transformation strategy, the opportunity for M&A, and increasing Diales’ expert headcount. The team discussed the share buyback programme and answered a range of questions submitted by viewers. The full video has been divided into chapters, as below: 0:00:03 Introduction 0:00:49 Service Offerings 0:03:59 Operational Highlights 0:06:54 Financial and Regional Updates 0:09:34 Cash flow Bridge 0:11:10 Outlook, Summary and strategic update 0:15:12 Questions & Answers Link to video: |
Posted at 12/6/2024 06:49 by edmonda "Interim Results - Good start to Q3, pipeline growing"The strategic plan implemented in late CY22 is working, with utilisation levels benefitting from the move to a hub-and-spoke operational model and a return to profitability in the smaller Middle East and APAC regions. H2 24 has started positively, particularly in Asia, as the relatively new office in Seoul is delivering on its early promise. The order pipeline continues to expand, benefitting from the rise in expert headcount. The Board has set aside £1m of ‘excess cash’ to buy back shares and to evaluate M&A in existing and related sectors. We maintain our fair value of 40p/share. With a sector-leading yield, currently standing at 6.0% for FY24, compared to the average of its peer group of 0.5%, Driver’s share price remains undervalued relative to a basket of its peers and is heavily backed by cash and the NAV. Link to research report: |
Posted at 12/6/2024 06:37 by 18bt Some stability in profitability and a good forward looking statement. Initial £250k buyback with potential for up to £1m - sounds small but the market cap is only £12.7m of which 74% is in disclosed stakes. So assuming those holders retain their shares, actually £1m is 30% of the float. That might move the price. On a forecast yield of 6.3% @24p, there will be a non-trivial cash saving on the dividend of c£60k - 5% of forecast PBT. |
Posted at 25/4/2024 06:30 by edmonda Trading update - activity remains on budgetThe pre-close trading update from Driver Group delivered encouraging progress overall, with the smaller regions returning to profitability and a positive performance in the UK and Europe. The cost rationalisation was completed during the period following the move to a smaller London office. Cash continues to remain high, representing 32% of the market capitalisation. The strategy put in place in H2 of FY23 is expected to deliver higher revenues and profitability ahead of 2027, not least reflecting the focus on added-value expert services. We see little reason to adjust our 40p fair value/share, with no change to estimates. The share price remains below the NAV currently and is underpinned by cash. Link to research report: |
Posted at 26/3/2024 21:25 by tradertrev Not enjoying this slide in the share price. Do we assume that H1 hasn't gone very well? |
Posted at 14/12/2023 07:45 by 18bt Agreed battle - slightly better H2 than they had indicated and “encouraging enquiries” should lead to further recovery in 2024. Cap only £13.3m, so £5.8m of cash is a significant proportion and a £1m buy back for a share which yields 5.8% would be both earnings accretive and allow greater dividend cover for future payouts. It looks like it should now be able to deliver £1m of capital returns a year on top of any dividend - unless they can find other investment opportunities. But in most consultancy the only investment is a relatively small amount in people before they become profitable - which is usually Y2 of their employment. Expect a bounce in the shares. |
Posted at 14/12/2023 07:41 by chrisdgb Totally the wrong price...... |
Posted at 08/11/2023 11:49 by moathunter I think cyclicality is behind the fall in share price and evidence is mounting that we’re heading for a trough.UK and EU are where DRV receives half of its revenue- the profitable half! – and the infrastructure and commercial construction sectors (i.e. non-residential housing) are heading for a contraction in 2024 and some of 2025: - hxxps://www.construc - - hxxps://think.ing.co - hxxps://www.construc - hxxps://tradingecono DRV struggled in 2010/11 as construction shrank, then expanded but had loose financial control in 2015/16 for more losses, then their growth overshot the contraction post-Covid 2021/22 for further losses. Given this backdrop, the next 2 yrs are at the very best to be flat with nil/negl. profit, and most likely to have minor losses. |
Posted at 08/11/2023 10:19 by terry236 Struggle is this business is a very illiquid micro cap whose recent performance hasn’t exactly been inspiring. Barely any volume traded on DRV most days. Price just continues to drift lower as few want to buy in. If you have a portfolio of decent size you need to be incredibly confident as once you’ve bought in size you’ll be locked in…The business needs to move on from its recent rocky path and forge back to back less problematic sets of results for the market to take real notice - the share price will double overnight if they can. Until then the only hope for the share price to perform is someone bidding for the business. |
Posted at 26/9/2023 06:28 by edmonda Driver (LON:DRV) - Strategy on track, despite timing issues (new research report available here: Driver Group has issued a trading update earlier than normal, citing a weak Q3 (reflecting a combination of timing issues and the later Easter) as reasons. Nevertheless, Q4 has witnessed a return to more normal patterns of trading and coupled with the rationalisation programme yet to impact results and the pipeline of orders looking more encouraging, we think the medium-term outlook appears favourable. The further improvement in net cash levels provides the Board with opportunities, not least in its capital allocation policy, including the further return of cash to shareholders. The NAV remains above the current share price. We expect the NAV to decline modestly during H2, reflecting the slight reduction in profitability. However, at c.£15.8m / 29p per share, which is 8% above the current share price, this provides healthy support for the shares. With the current share price now below levels of previous buybacks and net cash higher during H2, we remain positive over the medium-term. Reflecting the timing issues witnessed during H2, we reduce our fair value / share from 49p to 40p. |
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