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Looks good to me, I'll have a few of these!
The Board is delighted with the Group's overall performance in what has been another excellent year for the Company. Headline revenue is again ahead of that in the prior year and profit before tax is in line with management expectations. The year end net cash position is materially better than at the half year with c.GBP1m cash inflow in the period.
A few shares on offer in the order books.....
Rns...
Unquantified contract win today with a large petrochemicals player in Saudi Arabia. Bodes well and the chart is starting to look more positive again, albeit illiquid. El1te
Interesting framework agreement signed with Kier today. Sounds as if it should materially add to revenues, thus earnings, over the coming years El1te
yep...it is really about interpretation of those results...blip or omen ..gl
Brokers have kept 8.7p EPS forecasts for this year, and management have been very vocal on meeting those targets. Would put DRV on a modest 11.4x forecast earnings or 8.7x forecast 2015 earnings. Of course, it all depends upon Driver meeting those H2 numbers, but with high contracted levels for H2 already booked, it should be achievable. The management here also have a good track record, and the H1 results has only been the first real slip up. El1te
the markets disagree with me
I part company with Elite (keen @£120+)
over 10 ...with falling op profit & challenges in US...difficult to see why even this high ...sp got a long way ahead of itself imv
18 March 2014 Driver Group plc ("Driver Group" or the "Company") Unincorporated Joint Venture for Canada Driver Group, the global construction consultancy to the construction and engineering industries, is pleased to announce that it has entered into a formal relationship with MHPM Project Managers Inc. ("MHPM"). The purpose of this joint venture is to combine the respective capacity and skills base of the two businesses to provide a presence in the Canadian market for the Driver Group brand and its provision of Expert Services and Claims & Disputes Services. Formed in 1989, MHPM leads construction projects to success with over 300 full time project and program managers operating out of 25 offices in every major city and region across Canada. Together, Driver Group and MHPM can now utilise this network of offices, people and clientele to develop an advisory offering aimed at avoiding, managing and resolving disputes on construction, infrastructure and engineering projects. Franklin Holtforster, President and CEO of MHPM said, "we are pleased by Driver Group's decision to partner with MHPM. This relationship will permit MHPM's offices across Canada to provide our clients with immediate access to Driver's world-class capabilities in the areas of claims and dispute resolution." Dave Webster, CEO of Driver Group stated, "MHPM is a very well respected project leadership business in Canada with the world-class capabilities that Driver Group is exceptionally pleased to be associated with. This strategic partnership allows Driver to expand its core services through a well established network of offices across Canada and I look forward to working with Franklin and his team in developing the opportunities we see available to us."
Continuing the rebound from it's oversold position,, IMO....... Divi for holders on the 26th :-)
Great minds eh ! See someone paid £1.08 for nearly £25000, don't think they will regret that over time.........DYOR
You seem to be everywhere I'm looking at the moment - DRV, CAP, MIRA, IQE, SPL, etc. You're everywhere!
Thanks for yet another wonderful article pal :)
Not the only one to see value here this morning :-),,,,,,,DYOR
In this morning,,,,,,,,looks pretty good value to me down here,,,,,,,,let's see how it goes,,,,,,,,,DYOR http://www.theel1tetrader.com/2014/03/driver-group-robust-proposition.html
Some thought on this one for anyone taking a look. http://www.privatepunter.co.uk/Companies/driver-group-25-february-2014
New write-up on Driver available below. http://goo.gl/I7JvZ7 Good Luck with your investments, El1te
fab results: http://www.investegate.co.uk/driver-group-plc--drv-/rns/final-results/201312090700139772U/ profit up, cash up!
quiet until me and you landed on here an hour or so ago..............
Yep...cash increasing...good solid growth no.big spikes hence the quiet bb!!
agreed,mosbowgo noticed that a few weeks ago,all on unheard of comps you rarely hear about....... unusual chart on this,two years of just going up?...............