Driver Share Price (DRV)

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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 0.0% 34.00 3,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
33.00 35.00 34.00 34.00 34.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 48.77 1.86 2.10 16.2 18
Last Trade Time Trade Type Trade Size Trade Price Currency
11:36:38 O 3,000 33.555 GBX
Related Shares
Compass (CPG), Experian (EXPN), Billing Services (BILL), Mi-pay (MPAY)

Driver (DRV) Latest News

Driver News

Date Time Source Headline
05/7/202207:00UKREGDriver Group plc Purchase of own shares
04/7/202207:00UKREGDriver Group plc Purchase of own shares
30/6/202207:00UKREGDriver Group plc Purchase of own shares
29/6/202207:00UKREGDriver Group plc Purchase of Own Shares
28/6/202209:14UKREGDriver Group plc Holding(s) in Company
24/6/202217:23UKREGDriver Group plc Purchase of own shares
24/6/202207:00UKREGDriver Group plc Purchase of Own Shares
21/6/202207:00UKREGDriver Group plc Purchase of own shares
20/6/202215:21UKREGDriver Group plc Update re Dividend
16/6/202207:00UKREGDriver Group plc Exercise of Options
More Driver News
Driver Investors    Driver Takeover Rumours

Driver (DRV) Discussions and Chat

Driver Forums and Chat

Date Time Title Posts
05/7/202219:35Driver Group - Global Construction Consultancy353
06/3/201816:32DRIVER GROUP884
25/4/201117:56Duran Ventures1
19/3/201119:52Durant going to $101

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Driver (DRV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:36:3933.563,0001,006.65O
2022-07-05 16:15:0035.00280,00098,000.00O
2022-07-05 16:15:0035.00330,000115,500.00O
View all Driver trades in real-time

Driver (DRV) Top Chat Posts

DateSubject
06/7/2022
09:20		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 34p.
Driver Group Plc has a 4 week average price of 32.50p and a 12 week average price of 22.50p.
The 1 year high share price is 70p while the 1 year low share price is currently 22.50p.
There are currently 53,493,214 shares in issue and the average daily traded volume is 153,341 shares. The market capitalisation of Driver Group Plc is £18,187,692.76.
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14/6/2022
08:08		value hound: Still worth >50pps / c.£27m; not much more to say really. Plus... This from Equity Dev't FWIW: Driver Group is reaching an inflexion point as it looks to focus operations on the more profitable and less risky geographical regions. Following the H1 period end, management transferred 25 staff in the UAE and Malaysia and several contracts to an unnamed Counterparty in exchange for an advance payment of trade receivables (£2m) and help to collect further monies owed to the Group. As measured by adj. PBT, the interim results were in the middle of the guidance range. We think the resulting reduction in the cost base to the lowest annualised run rate since FY15 is likely to have a significantly positive impact on profitability. Interestingly, after stripping out the net cash / share (7p) the shares are trading on just 2.9x peak earnings (FY14). Our fair value estimate is unchanged at 49p / share and based on a heavily discounted peer group valuation model.
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14/6/2022
08:07		edmonda: #DRV Driver Group is reaching an inflexion point as it looks to focus operations on the more profitable and less risky geographical regions. Following the H1 period end, management transferred 25 staff in the UAE and Malaysia and several contracts to an unnamed Counterparty in exchange for an advance payment of trade receivables (£2m) and help to collect further monies owed to the Group. As measured by adj. PBT, the interim results were in the middle of the guidance range. We think the resulting reduction in the cost base to the lowest annualised run rate since FY15 is likely to have a significantly positive impact on profitability. Interestingly, after stripping out the net cash / share (7p) the shares are trading on just 2.9x peak earnings (FY14). Our fair value estimate is unchanged at 49p / share and based on a heavily discounted peer group valuation model. https://www.equitydevelopment.co.uk/research/inflexion-point
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30/5/2022
17:52		arthur_lame_stocks: Hopefully they can get the price moving back up to a more sensible level. I think these are dirt cheap at the moment. I did suggest to Mark Wheeler that I thought a share buyback was a good way to return capital at the current price but I guess it's the major shareholders that will dictate how that happens. At least the dividend should be safe I think.
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30/5/2022
17:40		my retirement fund: Driver Group plc (AIM: DRV), the leading global professional services consultancy to the construction and engineering industries, is pleased to announce that their CEO, Mark Wheeler and CFO-designate, Charlotte Parsons, will conduct a live presentation and Q&A covering their Interim results for the period ended 31 March 2022.The event will take place at 2.00pm on Wednesday 15 June.The online presentation is open to all existing and potential shareholders - you can sign up to register at:https://www.equitydevelopment.co.uk
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24/5/2022
10:46		edmonda: New note published today - 'An Elegant Solution' Full link & Audio summary here: https://www.equitydevelopment.co.uk/research/an-elegant-solution The decision to transfer the bulk of Driver Group’s UAE office to a Counterparty solves an ongoing cash collection issue and saves on exceptional (and cash heavy) costs at the same time: a masterstroke in our opinion. The level of cost savings will be a multiple of previous expectations, with improved cash flow, profitability, and higher consultant utilisation levels in Europe another positive side effect. This elegant solution gives confidence in the strength of leadership now in situ within the Group. Not only has the transfer elegantly solved several problems, but it has also de-risked the Middle Eastern region for Driver Group. The receipt of £2m as of 1 June results in net cash of c.£5.3m, ahead of normal operational requirements. On this basis, Management has considered a return of cash to investors – which we believe could come in the form of either a special dividend or a share buy-back programme.
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23/5/2022
07:27		arthur_lame_stocks: This looks like good news. hTTps://www.investegate.co.uk/driver-group-plc--drv-/rns/middle-east-update/202205230700063485M/
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18/1/2022
13:26		value hound: the more short term difficulties DRV face, then possibly the more likely a bid in the short term? I agree FWIW, thirty fifty twenty, and view DRV as a bit of a sitting duck - though anyone would have to persuade AB Traction & Gresham over a deal (unless AB Traction try to take it private). That doesn't make it unique though - quite a few other small-mid caps with excellent balance sheets in a similar sitting duck position; I just wish the hunters would start taking their pot-shots.
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18/1/2022
12:42		thirty fifty twenty: thanks norbert - i'm not sure if i read this as good news for DRV or not! does delays in settling disputes means they get paid more, or does it mean later before they get paid? obvs the bigger issue is resolution of their internal issues. still in the scheme of things, the more short term difficulties DRV face, then possibly the more likely a bid in the short term? All IMHO, DYOR + BoL DRV is in my portfolio
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05/1/2022
10:28		egrid1: "Sweden-based AB Traction has taken a 14.2% stake in Driver Group (LON:DRV) and the last two property and consulting services companies that it built up stakes in were subsequently taken over. NASDAQ OMX Nordic Stockholm Mid Cap-listed AB Traction acquired the stake all at once. Manchester-based Castlefield Fund Partners sold a 15.99% stake on the same day. The share dealing happened on week after Driver reported its full year results. These showed a much stronger second half." hxxps://ukinvestormagazine.co.uk/ab-traction-takes-driver-stake/ That stake has already been increased to 20% according to RNS https://www.londonstockexchange.com/news-article/DRV/holding-s-in-company/15246332
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21/10/2021
07:39		edmonda: 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. https://www.equitydevelopment.co.uk/research/positive-momentum-picking-up-steam
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