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He is a legend...whenever I think I have found an unknown stock he or jange have already posted there!
some on other boards think hese passed away,dont know if its true or not............
Where is he...he is always there before me!!!
seems mulladwine as beat us to it again,even tho hese not around...................
Smashed it!
volumes here today....?..
Outlook cont We see the coming year as one in which we will continue to grow and develop our service offerings across all of our regions. Of course different regions will develop at different paces and in varying markets. The oil and gas market is an area where we see opportunity to impact in 3 regions; and an important objective is to increase our activity across the network of hubs in Houston, UAE and Kuala Lumpur / Singapore. In June, we launched our Diales brand through which we promote our high end expert witness offering to clients involved in international arbitrations and this will continue to be an area of focused development. We are delighted by the way our current financial year has started, particularly in Africa and the Middle East which continue to outperform as the momentum in our last financial year in these regions has continued into the current year. Across the Group, our secured revenues and revenues expected to be secured and delivered in the remainder of the year are very encouraging. We have visibility of our first quarter performance and secured work beyond this period, which indicates that we have had a particularly strong start to the current year. This gives the Board a high level of confidence in the outlook for the remainder of the financial year.
Outlook Last year I said we would develop our operations in Africa, the UK Power & Process sector and Qatar whilst maintaining a stable environment in the remaining parts of our business and evidence the sustainability of the Group profits. This has been achieved whilst also out performing in the Middle East, a region where we have grown the business quicker than anticipated following the re-structuring, due to increased volume of work in the dispute market. In addition, we have completed a significant acquisition that now ensures we have a global footprint. We have successfully integrated the businesses and have returned the Trett business to profitability. Our Medium Term Plan is to establish all our key service provisions (Project Services, Dispute & Advisory, Strategic Project Management and Expert Witness & Litigation Support) across all of the regions - Africa, Americas, Asia Pacific, Mainland Europe, Middle East and UK. In large part this can be achieved organically but we are receptive to the possibilities that targeted acquisitions may be beneficial in some regions and service sectors. We will be looking to open offices in key areas of Canada, Mainland Europe and Asia Pacific. An important element of this plan is to leverage our service offerings across all markets. This provides the possibility for material growth particularly given that Trett has not previously provided project services or strategic project management services to their clients.
Alan McClue, Non-Executive Chairman of Driver, commenting on the results said: "I am pleased to report on the Group's performance for the financial year 2011 / 2012; a year in which we both materially outperformed market expectations and made a significant acquisition which has given the Group a presence in 5 global regions. We achieved all of our key objectives including further growth in revenues, profits and cash position (after accounting for the funds utilised in the acquisition of Trett). We are delighted by the way our current financial year has started, particularly in Africa and the Middle East which continue to outperform as the momentum in our last financial year in these regions has continued into the current year. The Board therefore has a high level of confidence in the outlook for the remainder of the current financial year."
Key points · Revenue up 51% · Underlying Pre Tax Profit up 220%* · Cash generated from operations £1.4m · Successful acquisition and integration of Trett Holdings Ltd (Trett) · Trett returned to profit · Established global operations · Middle East revenues up 58% · Qatar revenues up 175% · Africa Revenues up 143% · UK Power & Process Revenues up 147% · Q1 performance of 2012 / 2013 very strong
Driver Group, a global construction consultancy, rose following an announcement that it expects to 'exceed management's expectations' for the year to September 30th. In a pre-close trading update, the AIM-listed company explained that its Middle East and Africa businesses continue to trade ahead of management's forecasts, finishing the year strongly with good forward order books for the new financial year. Driver also revealed that it was very pleased with the integration of Trett Consulting, purchased in May for £3m, which is now complete. Consensus expectations for the full year, ended September 30th, were for pre-tax profits of £1.6m on turnover of £24.7m, with earnings per share of 5.08p............
all looking good and a great recovery from the low 50's in August
Pre Close Trading Update Driver Group, the global construction consultancy, is pleased to report a further update on trading ahead of the announcement of its results for the year ended 30 September 2012. The Board is very pleased with the integration of Trett Consulting which is now completed. The Company's Middle East business continues to trade ahead of management's expectations as does Africa, with businesses in both regions finishing the year strongly and with good forward order books for the new financial year. As a result of the continued strength of trading the Board believes the Company will exceed management's expectations for the financial year ended 30 September 2012. The Company looks forward to providing further information at the time of the announcement of its results for the financial year ended 30 September 2012.
http://www.investegate.co.uk/Article.aspx?id=201210160700037294O
Dave Webster, CEO of Driver Group said: "We are delighted to report continued progress in our Africa business especially via our strategic project management service offering. This latest contract win demonstrates the strengthening of our business in the region and a continuation of our plans to seek out appropriate joint venture opportunities."
Contract Win Driver Group, the global construction consultancy, is pleased to announce further progress from the Company's Africa business following the award of a further contract (circa $4.0m), the details of which remain confidential. The project is to be undertaken by a commercial Joint Venture between Driver Group Africa (Pty) Ltd and Matrix Project Managers (of Durban, South Africa).
http://www.investegate.co.uk/Article.aspx?id=201207050700059554G
Construction consultancy Driver Group said a jump in Middle East revenues had helped catapult it back into profit in the first half. The firm reported pre-tax profits of £731,000, up from a loss of £140,000 the previous year. Revenue increased by 35% to £10.6m compared with £7.9m for the same period in 2011. The principal increase in revenue was in the Middle East where revenue grew by 48% to £2.9m, outperforming expectations. The company will pay an interim dividend for 2012 of 0.3p per share, after not paying anything the year before. "In respect of the current financial year our secured revenues and revenue expected to be secured and delivered in the remainder of the year, give the board a high level of confidence in the outlook for this financial year," said Chairman Alan McClue.
Dave Webster, CEO of Driver Group said: "We are delighted to have been awarded these contracts in Oman which we believe reflect the strength of our reputation and business in Oman and are testament to Management's focus on our core strengths in this region"
Contract Wins Driver Group, the global construction consultancy, is pleased to announce further progress from the Company's Middle East business following the award of two important contracts in Oman. The Driver Group is pleased to announce that is has been awarded a contract with the Public Authority for Electricity and Water ("PAEW") in Oman to provide consultancy and project management services to the department. In addition the Company has also been awarded a project management contract on the Al Hadshah to Al Hamra Roadway in Oman. The contract with PAEW is for a period of 60 months whilst that on the roadway is for 21 months. The combined value of these contracts is approximately OR 1.32 million (£2.2 million).
http://www.investegate.co.uk/Article.aspx?id=201206070700058414E
Dave Webster, CEO of Driver Group said: "This is great news for our new Houston business that provides an excellent opportunity to work with a world leader in the resource sector and reflects upon the high calibre of staff and experience in the Houston office. This project provides an ideal opportunity to accelerate the integration of Driver Trett resources."
Contract Win Driver Group, the global construction consultancy, is pleased to announce that following the acquisition of Trett Consulting it has commenced work on a significant assignment. Trett's Houston business has entered into a Consulting Services Agreement with one of the World's largest independent oil and gas exploration and production companies. Due to confidentiality restrictions details of the company and scope of work cannot be provided. However, the initial Agreement runs for 12 months and the overall involvement is expected to be in excess of 4 years. The first assignment under the Agreement is capped at a fee of approximately US$2m, with further assignments anticipated.
http://www.investegate.co.uk/Article.aspx?id=201205250700120787E