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Share Price Information for Discoverie Grp. (DSCV)


Share Price: 430.00Bid: 421.00Ask: 429.00Change: 6.00 (+1.42%)Riser - Discoverie Grp.
Spread: 8.00Spread as %: 1.90%Open: 430.00High: 430.00Low: 425.00Yesterday’s Close: 424.00

Discoverie Group Plc Ord 5P

Discoverie Grp. is part of the Electronic & Electrical Equipment sector






Share Price SpacerPrice
430.00
Share Price SpacerBid
421.00
Share Price SpacerAsk
429.00
Share Price SpacerChange
1.42%6.00
Share Price SpacerVolume
7,563
Share Price SpacerOpen
430.00
Share Price SpacerHigh
430.00
Share Price SpacerLow
425.00
Share Price SpacerClose
424.00
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 80.67m £346.88m 1,500

52 Week High 469.00 52 Week High Date 7-JUN-2019
52 Week Low 324.00 52 Week Low Date 30-NOV-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
22 445 6,849 25.749 16.70 8.70 2.02


London South East Users info for Discoverie Grp.




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

20-Jun-19
12:02:09
430.00
269
Sell* 
420.00
0.00
1,157
UT 
Trade Type:
Uncrossing Trade

20-Jun-19
11:56:44
428.00
1,000
Buy* 
421.00
430.00
4,280
Trade Type:
Ordinary

20-Jun-19
11:55:18
429.00
34
Buy* 
421.00
430.00
145.86
Trade Type:
Automatic execution




View more Discoverie Grp. trades >>

Directors Deals for Discoverie Grp. (DSCV)
Trade DateActionNotifierPriceCurrencyAmountHolding
16-Apr-19Placing
Trade Notifier Information for Discoverie Group
Simon Gibbins held the position of Group Finance Director at Discoverie Group at the time of this trade.
 Simon Gibbins
400GBX5,000262670
16-Apr-19Placing
Trade Notifier Information for Discoverie Group
Bruce Thompson held the position of Non-Executive Director at Discoverie Group at the time of this trade.
 Bruce Thompson
400GBX8,00016000
16-Apr-19Placing
Trade Notifier Information for Discoverie Group
Malcolm Diamond held the position of Non-Executive Chairman at Discoverie Group at the time of this trade.
 Malcolm Diamond
400GBX5,00024907
View more Discoverie Grp. directors dealings >>


rivaldo
Posts: 6,535
Opinion:Strong Buy
Price:425.00
RE: Berenberg raise price target to 520
Today 11:36
Looks like it's just me here then, to appreciate that DSCV has "some of the “most attractive growth prospects” in the UK industrials sector according to Berenberg:

Https://www.proactiveinvestors.co.uk/companies/news/222497/discoverie-has-some-of-the-most-attractive-growth-prospects-in-uk-industrials-sector-says-berenberg-222497.html

"discoverIE has some of the “most attractive growth prospects” in UK industrials sector, says Berenberg
10:05 20 Jun 2019

Analysts forecast that discoverIE would have around £30mln of acquisition firepower in the near term, which if deployed in similar terms to previous purchases could lift earnings by 10%

discoverIE Group PLC (LON:DSCV) has some of the “most attractive” growth prospects in the UK industrials sector according to analysts at Berenberg, who on Thursday hiked their target price for the group to 520p from 490p.

The German bank said the custom electronics maker’s last set of full-year results had shown its Design & Manufacturing (D&M) division had accounted for 61% of revenues and they expected the division to further grow to management’s target of 75% in the medium-term, which would push operating margins up toward 11% from 7%.

Analysts said given D&Ms relatively small position in a large and highly fragmented market, there was “plenty of scope” for the segment to grow both organically and through acquisitions.

The broker also said that the firm’s focus on its target markets of renewable energy, transportation, and medical and industrial connectivity was “appealing” given the present uncertainty in the macro industrial environment as each of the sectors had long-term structural demand for electronics.

Looking ahead, analysts forecast that discoverIE would have around £30mln of acquisition firepower in the near term, which if deployed in similar terms to previous purchases could lift earnings by 10%.

They added that the company’s smaller size relative to competitors such as FTSE 100 Halma PLC (LON:HLMA) and FTSE 250 Diploma PLC (LON:DPLM) meant it was easier to find family-run businesses whose owners would be willing to sell at a reasonable price.

Berenberg also reiterated its ‘buy’ rating on the stock, saying the opportunity presented by the company was currently “underappreciated”."
rivaldo
Posts: 6,535
Opinion:Strong Buy
Price:430.00
Berenberg raise price target to 520
Today 08:43
Berenberg have today raised their price target to 520p (from 490p) and say Buy:

Http://investing.thisismoney.co.uk/broker-views/
rivaldo
Posts: 6,535
Opinion:Strong Buy
Price:462.00
New all-time highs today
6 Jun '19
Great finish - and new highs.
rivaldo
Posts: 6,535
Opinion:Strong Buy
Price:438.00
The IC say Buy DSCV
6 Jun '19
Https://www.investorschronicle.co.uk/shares/2019/06/04/discoverie-senses-more-acquisitions/

"IC View

discoverIE’s story is one of consistent and disciplined working capital management. Its working capital has stood at 14 per cent of annualised final-quarter sales at constant exchange rates for the last two years. This is driven by the custom nature of its products, which are built to order and less prone to obsolescence. In a difficult market for industrial businesses, discoverIE looks a rare and reliable growth story. Buy."

And it looks like more acquisitions are on the way:

"discoverIE (DSCV) is interested in making further acquisitive forays into the sensing technology market, chief executive Nick Jefferies says, following its £4.2m April deal for Positek, a developer of customised rugged, high accuracy sensors.

The electronics group funded a £16m outlay on two businesses in April, with an equity placing that raised a net £28m. “We’re particularly keen on the sensing area,” Mr Jefferies says, adding that the company will target the US and Europe in this space. Hobart, its other April acquisition, makes custom transformers for energy infrastructure."
rivaldo
Posts: 6,535
Opinion:Strong Buy
Price:440.00
RE: Finncap raise target price to 535p
5 Jun '19
Finncap's note is now available. They summarise as follows:

"discoverIE has reported an impressive set of FY19 results driven by strong sales growth (+13% in total and +8% organic), rising operating margins (7.0% up from 6.3%) and good cash conversion at 93% of underlying operating profit. Adj. EPS was up +22%. With a record order book and a high level of design wins the group is very well placed to further progress its growth track record despite more short term economic caution generally. We make no major changes to our P&L forecasts but improve our net debt forecast from £54m to £47m at March 2020 and reiterate our 535p target price."

"Investing for growth alongside increasing ROCE. Given the continued investment in acquisitions and the business generally, it is very encouraging to see ROCE also rising, and we expect this to be a key support to a higher share price. Our calculations show ROCE of 10.9% (post tax and lease adj.) up from 9.2% last year.
.
Positive outlook. While not immune to changes in economic conditions, new year trading has started well, supported by the order book and design wins (wins in FY19 have an estimated lifetime sales value of £266m, +40% on last year).
.
No change to target price of 535p. With these results providing further evidence that the group’s focus on structurally growing markets and its consolidation of a highly fragmented market continue to drive growth, cash flow and a higher ROCE, the FY20 P/E of 14.6x is not demanding against small/mid cap. 15x."
View more share chat for Discoverie Grp. (DSCV) >>







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