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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: 25.50
Bid: 24.00
Ask: 27.00
Change: -0.50 (-1.92%)
Spread: 3.00 (12.50%)
Open: 26.50
High: 26.50
Low: 25.50
Prev. Close: 26.00
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Sunday share tips: PureTech, Driver Group

Sun, 12th Jul 2020 16:51

(Sharecast News) - The Sunday Times's Sabah Meddings told readers of her 'Inside the City' column to 'buy' shares of PureTech, citing the the drug maker's ingenious 'portfolio' approach and ample pipeline of treatments in various phases of development.




The US, Cambridge-based outfit's business model consists in spinning-off companies focused on various medical technologies as separate companies, onboarding other investors along the way, while obtaining royalty payments too.

Its products include Plenity, the weight-loss pill, or Akili, a video-game geared towards children with attention deficit disorder and treatments for cancer and hair-loss.

To take note, the addressable market for Plenity is very large, with roughly 150m Americans now classes as overweight.

And while PureTech turned a loss of $135.4m last year, on sales of just $9.8m, it has raised over £1.2bn from investors, meaning that it has enough cash to last it until the first quarter of 2024.

Furthermore, of the 24 products in its pipeline, 13 are in the clinical stage, the tipster added.

Another attraction of the firm was its "all-star" board, amongst them Christopher Viehbacher, the former boss of French vaccine-maker Sanofi, or Dame Marjorie Scardino, the former head of Pearson.

Some analysts, such as Peel Hunt, also saw a promising future for the company, arguing that "further successes in PureTech's pipeline will enhance its value".





The Midas column's Joanne Hart recommended Driver Group to investors, highlighting the new management team's change of focus, the potential benefits of the Covid-19 pandemic and Prime Minister's infrastructure drive as reasons for confidence in the potential for share price gains.

Driver Group specialises in resolving disputes in the construction and infrastructure space, such as those that arise when there are cost-overruns, helping companies identify the origin of the problems and the best way forward.

"Driver's shares are at 63p and should gain ground in the next two to three years," Hart said in the Mail on Sunday.

Central to her investment thesis was Mark Wheeler, the firm's new boss, who had nevertheless been at Driver for over a decade.

"Driver is in sound hands under his stewardship," she said, calling attention to Wheeler's plans to grow internationally and into specialised areas, where a higher return on investment can be achieved.

The company also moved quickly to anticpate the impact of the pandemic, such that now other companies look to it for advice and will continue to do so.

Then there are Boris Johnson's exhortation to "build, build, build" to get the country out of its current funk.

But big, and sometimes complex, infrastructure projects inevitably hit snags along the way, and that's where Driver Group come in, Hart added.

There were also hopes that Driver might soon reinstate its dividend payout.

"The business has been trading profitably, there is cash in the bank and the outlook is benign.

"Prime Minister Boris Johnson wants this country to 'build, build, build' its way to recovery, and he is not alone in this. But when ambitions run high and money is tight, disputes are likely. As a building resolution specialist, Driver is ideally positioned to smooth the way. At 63p, the shares are a buy."
More News
Today 14:49

IN BRIEF: Driver expects half-year revenue and profit drop

Driver Group PLC - Lancashire, England-based provider of consultancy services to the construction and engineering industries - Expects to report revenue for the six months ended March 31 of GBP22.5 million, down 7.0% from GBP24.2 million the year before. Says it will also report an underlying pretax profit of around GBP600,000, down 14% from GBP700,000 a year prior. Looking ahead, says it continues to perform well across the UK and Europe. Key focus remains the delivery of its transformation strategy. Chief Executive Officer Mark Wheeler says: "I am pleased to see our strategy delivering improved performance in both [Asia Pacific] and the Middle East, which have both returned to profit. Management have acted promptly in resolving the challenges in North America, and our UK and European regions continue to perform well. I believe the group is therefore well-placed to move forward positively into [the second half of financial 2024]." Driver is set to publish results for the first half of its financial year on June 12.

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Today 14:46

Revenue, earnings to fall at Driver Group

(Sharecast News) - Dispute avoidance and resolution consultancy Driver Group said in a trading update on Thursday that it expected to report revenue of £22.5m for its first half, slightly down from £24.2m a year earlier.

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4 Apr 2024 13:08

UK dividends calendar - next 7 days

Friday 5 April 
BBGI Global Infrastructure SAdividend payment date
Molten Ventures PLCdividend payment date
Pennon Group PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
Regional REIT Ltddividend payment date
Rights & Issues Investment Trust PLCdividend payment date
Sylvania Platinum Ltddividend payment date
Titon Holdings PLCdividend payment date
Triple Point Energy Transition PLCdividend payment date
Monday 8 April 
Alumasc Group PLCdividend payment date
LondonMetric Property PLCdividend payment date
Redrow PLCdividend payment date
Tuesday 9 April 
CT Global Managed Portfolio Trust PLCdividend payment date
Downing Strategic Micro-Cap Investment Trust PLCdividend payment date
Dunelm Group PLCspecial dividend payment date
Hays PLCdividend payment date
Renishaw PLCdividend payment date
Safestore Holdings PLCdividend payment date
Wednesday 10 April 
Assura PLCdividend payment date
Primorus Investments PLCspecial dividend payment date
Wilmington PLCdividend payment date
Thursday 11 April 
Amedeo Air Four Plus Ltdex-dividend payment date
Athelney Trust PLCdividend payment date
Aviva PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Barratt Developments PLCex-dividend payment date
Begbies Traynor Group PLCex-dividend payment date
Bioventix PLCex-dividend payment date
Blackfinch Spring VCT PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCex-dividend payment date
Caledonia Mining Corpex-dividend payment date
Capital & Regional PLCex-dividend payment date
Chesnara PLCex-dividend payment date
Colefax Group PLCdividend payment date
CT Private Equity Trust PLCex-dividend payment date
Downing Strategic Micro-Cap Investements Trust PLCex-dividend payment date
Driver Group PLCdividend payment date
F&C Investment Trust PLCex-dividend payment date
Foxtons Group PLCex-dividend payment date
Grafton Group PLCex-dividend payment date
GSK PLCdividend payment date
Harbour Energy PLCex-dividend payment date
Hargreaves Services PLCdividend payment date
Howden Joinery Group PLCex-dividend payment date
Hunting PLCex-dividend payment date
i3 Energy PLCex-dividend payment date
International Personal Finance PLCex-dividend payment date
International Public Partnerships Ltdex-dividend payment date
ITV PLCex-dividend payment date
Johnson Service Group PLCex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
JPMorgan Japan Small Cap Growth & Income PLCex-dividend payment date
Just Group PLCex-dividend payment date
Kenmare Resources PLCex-dividend payment date
Kerry Group PLCex-dividend payment date
Kings Arms Yard VCT PLCex-dividend payment date
Law Debenture Corp PLCdividend payment date
Lloyds Banking Group PLCex-dividend payment date
Lowland Investment Cos PLCex-dividend payment date
Luceco PLCex-dividend payment date
Man Group PLCex-dividend payment date
Manchester & London Investement Trust PLCex-dividend payment date
Marble Point Loan Financing Ltdex-dividend payment date
Mercantile Investment Trust PLCex-dividend payment date
Mobius Investment Trust PLCex-dividend payment date
MTI Wireless Edge Ltddividend payment date
North American Income Trust PLCex-dividend payment date
Northamber PLCex-dividend payment date
Octopus Apollo VCT PLCex-dividend payment date
Phoenix Group Holdings PLCex-dividend payment date
Reckitt Benckiser Group PLCex-dividend payment date
Ricardo PLCdividend payment date
Savills PLCex-dividend payment date
Schroder Asian Total Return Investment Cos PLCex-dividend payment date
Schroder European Real Estate Investment Trust PLCex-dividend payment date
Scottish American Investment Cos PLCdividend payment date
Smurfit Kappa Group PLCex-dividend payment date
Softcat PLCex-dividend payment date
Somero Enterprises Incex-dividend payment date
Supermarket Income REIT PLCex-dividend payment date
Synectics PLCex-dividend payment date
TP ICAP Group PLCex-dividend payment date
Trifast PLCdividend payment date
TT Electronics PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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27 Feb 2024 15:44

UK shareholder meetings calendar - next 7 days

Wednesday 28 February 
abrdn Property Income Trust LtdGM re merger with Custodian Property Income REIT PLC
Beacon Rise Holdings PLCEGM re continued pursuit of an acquisition
Downing Strategic Micro-Cap Investment Trust PLCGM re managed wind-down
Image Scan Holdings PLCAGM
PPHE Hotel Group LtdEGM re waiver of mandatory offer provisions
Verditek PLCGM re disposal of solar business
Thursday 29 February 
Capital for Colleagues PLCAGM
Home REIT PLCAGM
IntegraFin Holdings PLCAGM
Intuitive Investments Group PLCAGM
Shanta Gold LtdGM re acquisition by ETC Holdings
Vast Resources PLCGM re capital reorganisation
Watkin Jones PLCAGM
Zytronic PLCAGM
Friday 1 March 
Virgin Money UK PLCAGM
Monday 4 March 
Ascent Resources PLCGM re bonus issue of preference shares
JPMorgan Emerging Europe, Middle East & Africa Securities PLCAGM
Lexington Gold LtdAGM
Tuesday 5 March 
Ajax Resources PLCGM re extension of investment mandate
Beowulf Mining PLCGM re capital raise
CC Japan Income & Growth Trust PLCAGM
Driver Group PLCAGM
Edinburgh Worldwide Investment Trust PLCAGM
Jersey Electricity PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Feb 2024 14:23

UK dividends calendar - next 7 days

Friday 23 February 
abrdn Asian Income Fund Ltddividend payment date
abrdn Property Income Trust Ltddividend payment date
Capital Gearing Trust PLCspecial dividend payment date
CQS Natural Resources Growth & Income PLCdividend payment date
Edinburgh Investment Trust PLCdividend payment date
Ferrexpo PLCdividend payment date
Foresight Solar Fund Ltddividend payment date
Games Workshop Group PLCdividend payment date
Gooch & Housego PLCdividend payment date
Henderson Far East Income Ltddividend payment date
Hollywood Bowl Group PLCspecial dividend payment date
Impact Healthcare REIT PLCdividend payment date
Impellam Group PLCspecial dividend payment date
JPMorgan Global Core Real Assets Ltddividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
Marwyn Value Investors Ltddividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
Primary Health Propertiesdividend payment date
RWS Holdings PLCdividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Target Healthcare REIT PLCdividend payment date
Victrex PLCdividend payment date
Monday 26 February 
Dewhurst Group PLCdividend payment date
JPMorgan Mid Cap Investment Trust PLCdividend payment date
Tuesday 27 February 
JPMorgan UK Smaller Cos Investment Trust PLCdividend payment date
Wednesday 28 February 
Canadian General Investments Ltdex-dividend payment date
CQS New City High Yield Fund Ltddividend payment date
PetroTal Corpex-dividend payment date
Thursday 29 February 
abrdn Equity Income Trust PLCex-dividend payment date
Alliance Trust PLCex-dividend payment date
Ashmore Group PLCex-dividend payment date
Balanced Commercial Property Trust Ltddividend payment date
Bankers Investment Trust PLCdividend payment date
Barclays PLCex-dividend payment date
Brunner Investment Trust PLCex-dividend payment date
City of London Investment Group PLCex-dividend payment date
City of London Investment Trust PLCdividend payment date
Compass Group PLCdividend payment date
Custodian Property Income REIT PLCdividend payment date
Diageo PLCex-dividend payment date
Diverse Income Trust PLCdividend payment date
Diversified Energy Co PLCex-dividend payment date
Downing Renewables & Infrastructure Trust PLCex-dividend payment date
Driver Group PLCex-dividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCdividend payment date
EJF Investments Ltddividend payment date
Fair Oaks Income Ltdex-dividend payment date
Fair Oaks Income Ltd Realisation ex-dividend payment date
Gabelli Merger Plus+ Trust PLCex-dividend payment date
Genus PLCex-dividend payment date
Greencoat UK Wind PLCdividend payment date
Hargreaves Lansdown PLCex-dividend payment date
Hays PLCex-dividend payment date
Henderson International Income Trust PLCdividend payment date
HICL Infrastructure PLCex-dividend payment date
JLEN Environmental Assets Group Ltdex-dividend payment date
LondonMetric Property PLCex-dividend payment date
MJ Gleeson PLCex-dividend payment date
Mobeus Income & Growth 2 VCT PLCex-dividend payment date
NB Private Equity Partners Ltddividend payment date
North Atlantic Smaller Cos Investment Trust PLCex-dividend payment date
Picton Property Income Ltddividend payment date
Plus500 Ltdex-dividend payment date
Polar Capital Global Financials Trust PLCdividend payment date
Polar Capital Global Healthcare Trust PLCdividend payment date
Regional REIT Ltdex-dividend payment date
Riverstone Credit Opportunities Income PLCex-dividend payment date
Scottish American Investment Co PLCex-dividend payment date
Sequoia Economic Infrastructure Inc Fund Ltddividend payment date
SSP Group PLCdividend payment date
Sylvania Platinum Ltdex-dividend payment date
Taylor Maritime Investments Ltddividend payment date
Tharisa PLCex-dividend payment date
UK Commercial Property REIT Ltddividend payment date
VH Global Sustainable Energy Opportunities PLCex-dividend payment date
VPC Specialty Lending Investments PLCex-dividend payment date
Warehouse REIT PLCex-dividend payment date
Wilmington PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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14 Dec 2023 12:21

Driver shares up as swings to profit via cost cuts; outlook optimistic

(Alliance News) - Driver Group PLC on Thursday reported a swing to an annual profit as cost of sales fell at a faster pace than revenue.

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7 Dec 2023 14:31

UK shareholder meetings calendar - next 7 days

Friday 8 December 
Amedeo Air Four Plus LtdAGM
Ashoka India Equity Investment Trust PLCAGM
Associated British Engineering PLCAGM
Associated British Foods PLCAGM
Corcel PLCGM re disposal of 41% interest in the Mambare nickel/cobalt project
Hargreaves Lansdown PLCAGM
URA Holdings PLCGM re closing the fundraise
Monday 11 December 
IamFire PLCAGM with vote on name change to WeCap PLC
Pharma C Investments PLCGM re allowing investments in fintech, AI sectors
SigmaRoc PLCGM re reverse takeover
Tribal Group PLCGM re cash offer by Tiger Bidco 1 Ltd
Vela Technologies PLCAGM
Tuesday 12 December 
Atalaya Mining PLCEGM re redomiciliation to Spain from Cyprus
Blackrock Greater Europe Investment Trust PLCAGM
Distil PLCGM re placing and subscription
Gelion PLCAGM
Wednesday 13 December 
Dechra Pharmaceuticals PLCAGM
Limitless Earth PLCAGM
Softcat PLCAGM
Volution Group PLCAGM
Thursday 14 December 
Aeorema Communications PLCAGM
CleanTech Lithium PLCGM re equity raise approval
Driver Group PLCFull Year Results
eEnergy Group PLCAGM
Ethernity Networks LtdGM re authority to allot shares on non-preemptive basis
Fintech Asia LtdAGM
Helium One Global LtdAGM
Marwyn Value Investors LtdAGM
Quarto Group IncGM re cancelling trading on London's Main Market
Sareum Holdings PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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26 Sep 2023 19:38

TRADING UPDATES: Cohort trading ahead of expectations, record orders

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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13 Jun 2023 10:10

Driver keeps dividend unchanged despite surge in half-year profit

(Alliance News) - Driver Group PLC on Tuesday said it hopes to return to full-year profitability, after reporting a surge in half-year profit.

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13 Jun 2023 09:58

AIM WINNERS & LOSERS: IOG up as first gas delivered at Blythe H2 well

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

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6 Jun 2023 15:47

UK earnings, trading statements calendar - next 7 days

Wednesday 7 June 
Edinburgh Worldwide Investment Trust PLCHalf Year Results
discoverIE Group PLCFull Year Results
Evgen Pharma PLCFull Year Results
LXi REIT PLCFull Year Results
Ramsdens Holdings PLCHalf Year Results
Residential Secure Income PLCHalf Year Results
Vp PLCFull Year Results
Thursday 8 June 
Crest Nicholson Holdings PLCHalf Year Results
FirstGroup PLCHalf Year Results
Idox PLCHalf Year Results
M&G PLCTrading Statement
Mitie Group PLCFull Year Results
RWS Holdings PLCHalf Year Results
Schroder Real Estate Investment Trust LtdFull Year Results
Wizz Air Holdings PLCFull Year Results
Friday 9 June 
Industrials REIT LtdFull Year Results
Renalytix PLCQ3 Results
Monday 12 June 
no events scheduled 
Tuesday 13 June 
Ashtead Group PLCFull Year Results
Atrato Onsite Energy PLCHalf Year Results
Bellway PLCTrading Statement
BP Marsh & Partners PLCFull Year Results
CMC Markets PLCFull Year Results
Driver Group PLCHalf Year Results
Iomart Group PLCFull Year Results
Mind Gym PLCHalf Year Results
Oxford Instruments PLCFull Year Results
Schroders Capital Global Innovation Trust PLCFull Year Results
Tatton Asset Management PLCFull Year Results
Vianet Group PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Apr 2023 17:02

TRADING UPDATES: Ceiba net asset value down, up for Asia Dragon Trust

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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27 Apr 2023 14:08

First-half profits set to increase for Driver Group

(Sharecast News) - Construction and engineering consultancy Driver Group said in a trading update on Thursday that it was expecting first-half revenue of £24.2m, down slightly from £24.4m year-on-year.

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16 Mar 2023 15:50

UK shareholder meetings calendar - next 7 days

Friday 17 March 
AdEPT Technology Group PLCGM & Court hearing re takeover by Thetis
Chrysalis Investments LtdAGM
Distell Group Holdings LtdAGM
Ecofin Global Utilities & Infrastructure Trust PLCAGM
Sovereign Metals LtdGM re capital reduction and distribution of shares
Monday 20 March 
Aukett Swanke Group PLCGM re proposed acquisition of Torpedo Factory Group Ltd
Pantheon Resources PLCAGM
Voyager Life PLCGM re subscription and fundraise
Tuesday 21 March 
BlackRock Sustainable American Income Trust PLCAGM
Gresham House Renewable Energy VCT 2 PLCAGM
Starvest PLCAGM
Sureserve Group PLCAGM
Wynnstay Group PLCAGM
Zamaz PLCGM re terms and conditions modification
Wednesday 22 March 
abrdn Private Equity Opportunities Trust PLCAGM
Asia Strategic Holdings LtdAGM
Circle Property PLCEGM re final disposal and cancellation
Genel Energy PLCAGM
Harmony Energy Income Trust PLCAGM
Titon Holdings PLCAGM
Thursday 23 March 
Crest Nicholson Holdings PLCAGM
Driver Group PLCAGM
Goldplat PLCAGM
Hardide PLCAGM
Idox PLCAGM
Zaim Credit Systems PLCGM re director removal and name change
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Feb 2023 13:55

IN BRIEF: Driver Group confident of return to profit; hires new chair

Driver Group PLC - Lancashire, England-based professional services consultancy to construction and engineering industries - Declares final dividend of 0.75 pence per share for the financial year that ended September 30 last year, the same as its interim dividend and unchanged from a year before. Says the two payouts show its confidence in the business, including a return to profitability in financial 2023. Pretax loss in financial 2022 is GBP2.4 million swung from profit of GBP1.9 million the year before, as revenue slips to GBP46.9 million from GBP48.8 million while cost of sales rises to GBP37.1 million from GBP36.4 million.

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