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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Driver Group Plc | DRV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.50 | -1.92% | 25.50 | 08:01:39 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 26.50 | 25.50 | 26.50 | 26.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 19/6/2023 10:00 by norbert colon https://www.equityde |
Posted at 24/5/2022 10:46 by edmonda New note published today - 'An Elegant Solution'Full link & Audio summary here: 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. |
Posted at 30/3/2022 19:40 by aqc888 According to an FT article, over the past 20years in 30% of all listed aim companies investors have lost more than 95% of their capital. |
Posted at 24/1/2022 17:32 by melloteam Just to let shareholders and prospective investors know that Trident Royalties plc and Entelechy Academy will be presenting at the Mello webinar event on Monday 24th January 2022 at 6.00pm - 9.30pm. Driver Group will also be featured in the BASH.The programme is as follows: 6.00 pm Mello welcome and news 6.05 pm Peter Pereira Gray introduces Entelechy Academy 6.10 pm Company presentation by Entelechy Academy 6.30 pm Mello Bliss Share Competition 6.45 pm Company presentation by Trident Royalties 7.15 pm Steve Clapham highlights some more red flags in company accounts 7.35 pm Twitter panel – Twitter thoughts for investing in 2022 8.10 pm Mello BASH – Kevin Taylor, Mark Simpson and Richard Crow – Driver Group (DRV), Card Factory (CARD) & Gulf Marine Services (GMS) There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions. Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. |
Posted at 18/6/2021 13:35 by 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. |
Posted at 11/6/2021 13:45 by edmonda Driver Group plc - Investor Webinar recording now available!CEO Mark Wheeler and CFO David Kilgour conducted a live presentation and Q&A for investors on 10th June covering their results for the six-months period ended 31st March 2021. Click on the link to watch the recording (total length 42 minutes): |
Posted at 08/6/2021 22:01 by norbert colon No denying investors who got in at the 2017 placing (around when I got in) haven’t seen a great return so far unless they exited near the 80p level. |
Posted at 13/5/2021 08:19 by norbert colon https://www.equityde |
Posted at 02/5/2021 11:30 by barkboo Thanks Norbert - I like the company, I like the honesty in their market communication...and I especially like the fact that DRV are not on the radar of large traders, chancers and small swing traders.This is a stock to accumulate and forget about for a year or two..and as a long term investor...myself and scaffolders are looking forward to the future of this business. |
Posted at 30/4/2021 14:28 by norbert colon Mr DThanks 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! |
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