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Pin to quick picksDriver Grp Share News (DRV)

Share Price Information for Driver Grp (DRV)

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Share Price: 25.00
Bid: 23.00
Ask: 27.00
Change: 0.00 (0.00%)
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AIM WINNERS & LOSERS: Cyanconnode extends gains; Tekmar cost pressure

Thu, 21st Oct 2021 10:51

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Cyanconnode Holdings PLC, up 25% at 18.10 pence, 12-month range 3.65p-18.4p. Extends gains after 26% rally on Wednesday, after Hardman & Co Research published report saying it expects revenue to triple over 2021 to 2023, accompanied by a "strong move into profitability" in 2023.

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Driver Group PLC, up 9.6% at 57.00p, 12-month range 40.25p-62.00p. Expects to report full-year underlying pretax profit in line with market forecasts. "During the financial year just ended, Driver Group continued to perform satisfactorily and successfully managed the uncertainty caused by the Covid-19 pandemic to ensure the business has remained profitable and with a stable cash position," says Chief Executive Mark Wheeler. Business adds it has entered new financial year with "renewed positive momentum".

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Deepverge, up 8.9% at 24.50p, 12-month range 19p-40p. Says division Modern Water gets GBP2.2 million of new orders for newly enhanced monitoring equipment with upgraded software which are being shipped to the UK, India and China to meet customer and partner obligations for delivery in this financial year. "The shipments include upgraded Microtox toxicity monitoring, new models of the Microtox PD range for SARS-CoV-2 and other pathogen monitoring as well as Microsaic mass spectrometer equipment to monitor forever chemicals and contaminants of emerging concern," it says.

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AIM - LOSERS

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Tekmar Group PLC, down 14% at 41.31p, 12-month range 35p-83p. Says supply chain issues and cost control pressures have hit recent trading, and it now expects to report revenue of GBP46 million and adjusted loss before interest, tax, depreciation and amortisation in region of GBP1.2 million for the 18 months to September 30. "The board expects the profitability from the size and nature of contract mix to improve in the current financial year to September 2022, albeit the financial impact of continued disruption to global trade remains harder to quantify at this time," it says.

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Bezant Resources PLC, down 13% at 0.139p, 12-month range 0.12p-0.49p. The copper-gold exploration and development company says GBP1.2 million fundraise was oversubscribed. Places 923.1 million shares at price of 0.13p each. Says proceeds to be used for exploration activities, including on its Hope copper-gold project in Namibia and on exploration and drilling programme in Cyprus.

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W Resources PLC, down 8.0% at 7.18p, 12-month range 6.07p-23.9p. The tungsten, tin and gold mining company says third quarter saw best performance to date at La Parrilla mine in Spain, with tungsten production up 58% quarter-on-quarter to 168.3 tonnes, but says production was hit by "number of challenges" which resulted in an estimated production loss of around 40 tonnes of tungsten concentrate. "A number of power outages were caused by technical problems with the LNG generators. This has been resolved by the supplier after isolating the cause of the stoppages," it says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Driver Group Buys In Chief, Contracts For Its Hong Kong Office

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21 May 2013 14:10

Driver Group almost doubled profits on success of acquisition

Driver Group shares got a lift on Tuesday after the company increased half year revenues and almost doubled its profits in the six months ended March 31st. Revenue at the global construction consultancy rose 74% from £10.6m to £18.5m, although this was driven largely by the acquisition of Trett in

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16 Oct 2012 08:42

Driver Group to beat full-year expectations

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

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5 Jul 2012 08:26

Driver Group wins contract in Africa

Construction consultancy Driver Group has made further progress to its Africa business following the award of a further contract. The deal is worth around $4.0m, but all other details remain confidential, the firm said. The project will be undertaken by a commercial joint venture between Driver

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27 Jun 2012 11:07

Middle East helps boost Driver Group

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 peri

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25 May 2012 10:31

Driver wins consulting contract with mystery client

Driver Group, the global construction consultancy, looks to have landed itself up to four years of work on a new contract. The contract win, won under the auspices of Driver's recent acquisition, Treet Consulting, is with "one of the world's largest independent oil and gas ... companies". Driver

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19 Apr 2012 11:29

Driver moves up another gear

Driver Group, the construction consultancy, has lifted profit guidance for the second time this year on the back of strong trading and an order book that is fit to burst. Strong performances at its Middle East, Africa and UK Power divisions have persuaded the board to lift management expectations f

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20 Feb 2012 07:59

Driver Group speeds ahead

Construction consultancy Driver Group said the positive trends seen in its full year results to September 2011 have continued into the second quarter of the current financial year. Driver said the benefits of restructuring and refocusing the Middle East business have come through stronger than mana

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18 Jan 2012 08:27

Driver returns to profit

Shares in construction consultancy Driver stepped on the gas as it reported a return to profit, growth in revenue, and underlined its confidence in future trading with a proposed dividend of 0.5p per share for 2011. Given the trading environment in the last 12 months the group said its performance

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20 Oct 2011 12:02

London midday: Retail boost but miners suffer

Retail stocks are on the offensive today, but with the Eurozone situation continuing to stoke fears over global growth, miners are dragging the top share index lower. Franco-German talks regarding the Eurozone rescue fund are not going on as smoothly as some had hoped. The unexpected meeting yeste

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20 Oct 2011 10:39

Driver in the fast lane as margins grow

Trading in the year to 30 September has been better than expected, the construction consultancy Driver said. Turnover was in line with expectations and stronger margins resulted in underlying profit before tax that was "slightly" ahead of management's expectations, the company said. According to D

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27 Apr 2011 13:44

Driver returns to profit, shares jump

Shares in construction consultancy Driver raced ahead after it reported a return to profitability in the three months to 31 March. "The improved performance was principally due to an upturn in the European region across each of the service streams," the company said. The return to profitability ca

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