Driver Group (DRV)

Sector:

Support

Index:

FTSE AIM All-Share

 25.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 32.00p
  • 52 Week Low: 22.00p
  • Currency: UK Pounds
  • Shares Issued: 53.05m
  • Volume: 175,873
  • Market Cap: £13.53m
  • RiskGrade: 169

Driver Group ends year ahead of expectations

By Josh White

Date: Tuesday 16 Oct 2018

LONDON (ShareCast) - (Sharecast News) - Construction and engineering professional services consultancy Driver Group updated the market on its trading performance during the second half of the financial year ending 30 September on Tuesday, reporting that it had continued to perform well during the second half and, as a result, it expected to report underlying profit before tax for the financial year "comfortably ahead" of current market expectations at about £3.8m.
The AIM-traded firm said the non-cash share-based payment charge deducted in calculating reported profit before tax would be assessed as part of the audit sign-off process.

It anticipated that could increase further, as the board's expectations of future performance strengthened.

"The UK business has again performed strongly and there have also been exceptionally good performances this year in Kuwait, Qatar and Singapore," the Driver Group board said in its statement.

Overall, it said the group achieved "significantly enhanced" utilisation levels of 80% for 2018, up from 76% in the 2017 financial year, and there remained a "vigorous and vigilant" focus on the management of overhead.

"Continued focus on the management of working capital has delivered excellent cash generation during the year resulting in a net cash position of £6.9m at the year end, also comfortably ahead of market expectations.

"This compares to a net debt position of £0.2m at the same time last year."

Driver Group said it expected to report preliminary results for the year ending 30 September on or around 11 December.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Driver Group Market Data

Currency UK Pounds
Share Price 25.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 32.00p
52 Week Low 22.00p
Volume 175,873
Shares Issued 53.05m
Market Cap £13.53m
RiskGrade 169

Driver Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.37% above the market average61.37% above the market average61.37% above the market average61.37% above the market average61.37% above the market average
69.89% above the sector average69.89% above the sector average69.89% above the sector average69.89% above the sector average69.89% above the sector average
Price Trend
47.33% below the market average47.33% below the market average47.33% below the market average47.33% below the market average47.33% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Income
26.93% above the market average26.93% above the market average26.93% above the market average26.93% above the market average26.93% above the market average
26.98% above the sector average26.98% above the sector average26.98% above the sector average26.98% above the sector average26.98% above the sector average
Growth
75.68% below the market average75.68% below the market average75.68% below the market average75.68% below the market average75.68% below the market average
83.67% below the sector average83.67% below the sector average83.67% below the sector average83.67% below the sector average83.67% below the sector average

Driver Group Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-24 29-Feb-24
Paid 25-Oct-24 11-Apr-24
Amount 0.75p 0.75p

Trades for 21-Jun-2024

Time Volume / Share Price
16:03 50,000 @ 26.40p
14:09 73,846 @ 24.50p
13:22 50,000 @ 26.60p
13:03 27 @ 26.85p
10:13 2,000 @ 24.49p

Driver Group Key Personnel

CFO Charlotte Parsons

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