Driver Group (DRV) Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven...
View ArticleDriver Group (DRV) Creditable results and research initiation
In the context of ongoing lockdowns and the comparative period showing little sign of being affected by the pandemic, we think results for the six months to March 2021 are highly creditable. The Europe...
View ArticleDriver Group (DRV) Positive momentum picking up steam
Today’s trading update from Driver Group is optimistic, highlighting a material improvement in activity levels during Q4 and a positive start to Q1 ’22. The rise in demand for the higher-margin expert...
View ArticleDriver Group (DRV) Reasons for optimism
Despite the delay, the results for the year to September were in-line with expectations at the adj. PBT level, with the level of dividend doubling y-o-y. The latter highlights the Board’s confidence in...
View ArticleDriver Group (DRV) Driver Group: 3 directors
Three Directors at Driver Group bought/maiden bought 92,500 shares at 27p. The significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This...
View ArticleDriver Group (DRV) Fix Underway
With plans in place to review the Middle East and APAC regions, the trading update suggests that management were taken by surprise. The rationalisation process is likely to be more severe than...
View ArticleDriver Group (DRV) A strengthening of the Board
Driver Group is currently part way through a rationalisation of its Middle Eastern and APAC businesses, following losses generated in the regions during H1 ’22. The combination of the new CFO...
View ArticleDriver Group (DRV) An elegant solution
The decision to transfer the bulk of Driver Group’s UAE office to a Counterparty solves an ongoing cash collection issue and saves on exceptional (and cash heavy) costs at the same time: a masterstroke...
View ArticleDriver Group (DRV) Inflexion point
Driver Group is reaching an inflexion point as it looks to focus operations on the more profitable and less risky geographical regions. Following the H1 period end, management transferred 25 staff in...
View ArticleDriver Group (DRV) A sturdier foundation, with positive momentum
Management has undertaken a significant rationalisation programme, successfully commissioned new ERP software, and explored means of reducing central costs to place the Group on a sounder footing...
View ArticleDriver Group (DRV) A profitable start to the new year
The new financial year has started strongly with a strong pipeline of opportunities and a lower cost base following an expanded rationalisation programme that resulted in most regions delivering a...
View ArticleDriver Group (DRV) ... Hybridan Small Cap Feast - 23 Feb 23
23 February 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as...
View ArticleDriver Group (DRV) Welcome news of progress
The pre-close trading update from Driver Group was encouraging, with static revenues (signifying rising productivity), improving profitability and margins, and the move into the black for the first...
View ArticleDriver Group (DRV) Fires extinguished, recovery builds
The interim results from Driver Group were ahead of the profits guidance provided during the pre-close update in late April. Progress on costs has been made as the rationalisation programme has kicked...
View ArticleDriver Group (DRV) ... Hybridan Small Cap Feast - 13 Jun 23
13th June 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an...
View ArticleDriver Group (DRV) Strategy on track, despite timing issues
Driver Group has issued a trading update earlier than normal, citing a weak Q3 (reflecting a combination of timing issues and the later Easter) as reasons. Nevertheless, Q4 has witnessed a return to...
View ArticleDriver Group (DRV) New strategic plan to further improve margins
FY23 preliminary results delivered a strong turnaround in profitability on modestly lower revenues, highlighting action taken on costs and improved levels of utilisation. With a solid foundation now in...
View ArticleDriver Group (DRV) ... Hybridan Small Cap Feast - 14 Dec 23
14th December 2023 Small Cap Team will take a break until Monday 8 January 2024 after this Friday 15th December. Merry Christmas to all our readers. @HybridanLLP Status of this Note and Disclaimer This...
View ArticleDriver Group (DRV) Trading update - activity remains on budget
The pre-close trading update from Driver Group delivered encouraging progress overall, with the smaller regions returning to profitability and a positive performance in the UK and Europe. The cost...
View ArticleDriver Group (DRV) Interim Results - Good start to Q3, pipeline growing
The strategic plan implemented in late CY22 is working, with utilisation levels benefitting from the move to a hub-and-spoke operational model and a return to profitability in the smaller Middle East...
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