Discoverie Group (DSCV)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

726.00p
   
  • Change Today:
      13.00p
  • 52 Week High: 938.00
  • 52 Week Low: 593.00
  • Currency: UK Pounds
  • Shares Issued: 95.46m
  • Volume: 97,799
  • Market Cap: £693.01m
  • Beta: 0.06

DiscoverIE buys Slovakia's 2J Antennas for £45m

By Frank Prenesti

Date: Wednesday 13 Sep 2023

LONDON (ShareCast) - (Sharecast News) - International customised electronics designer and maker discoverIE Group said it had bought Slovakia-based 2J Antennas Group (2J), for €52.5m (£45m) on a debt free, cash free basis.
Founded in 2002, 2J makes high performance antennas for industrial purposes. The company, which was owned by management who will continue with the business, is based in Bardejov, Slovakia with subsidiaries in the US and UK, selling into more than 50 countries.

DiscoverIE said 2J "has a long track record of profitable growth at operating margins significantly higher than the group average".

2J reported revenues of €18.1m (£15.5m), pre-tax profit of €4.4m (£3.8m), underlying operating profit of €3.7m (£3.2m) and a 21% underlying operating margin in 2022.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

DSCV Market Data

Currency UK Pounds
Share Price 726.00p
Change Today 13.00p
% Change 1.82 %
52 Week High 938.00
52 Week Low 593.00
Volume 97,799
Shares Issued 95.46m
Market Cap £693.01m
Beta 0.06

DSCV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.02% below the market average76.02% below the market average76.02% below the market average76.02% below the market average76.02% below the market average
58.82% below the sector average58.82% below the sector average58.82% below the sector average58.82% below the sector average58.82% below the sector average
Price Trend
8.87% above the market average8.87% above the market average8.87% above the market average8.87% above the market average8.87% above the market average
12.82% above the sector average12.82% above the sector average12.82% above the sector average12.82% above the sector average12.82% above the sector average
Income
50.25% below the market average50.25% below the market average50.25% below the market average50.25% below the market average50.25% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Growth
36.74% above the market average36.74% above the market average36.74% above the market average36.74% above the market average36.74% above the market average
77.14% above the sector average77.14% above the sector average77.14% above the sector average77.14% above the sector average77.14% above the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 2
Sell 1
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

DSCV Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Dec-23 22-Jun-23
Paid 24-Jan-24 01-Aug-23
Amount 3.75p 7.90p

Trades for 03-May-2024

Time Volume / Share Price
11:34 5,834 @ 728.79p
11:29 13 @ 726.60p
11:12 164 @ 726.00p
11:12 127 @ 726.00p
11:12 229 @ 727.00p

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