Panmure Gordon initiates coverage of discoverIE Group as a ‘buy’
“As current consensus excludes any future acquisitions, we believe there is significant opportunity for upgrades over the medium term"
Company
discoverIE Group PLC
LON:DSCV
discoverIE Group PLC is an international group of businesses that design and manufacture innovative electronic components for industrial applications. The group provides application-specific components to original equipment manufacturers (OEMs) internationally through its two divisions, Magnetics & Controls, and Sensing & Connectivity. By designing components that meet customers’ unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long-term customer relationships.
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discoverIE delivers 22% jump in profits as target markets expand
The electronics manufacturer also reiterated its full year guidance after ending its first half with a record order book of £153mln
discoverIE to see “positive numbers impact” from Sens-Tech acquisition, says Jefferies
The US broker said the £58mln acquisition would provide “further growth opportunities in structurally attractive target markets”
DiscoverIE boosts margins with acquisition of sensor technologies company
The company is acquiring Sens-Tech - short for sensor technologies
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Proactive snapshot: discoverIE, Woodbois, Avacta
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DiscoverIE on track to meet full-year underlying earnings expectations
The group is on track to deliver full-year underlying earnings in line with the Board's expectations.
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Proactive news snapshot: Advanced Oncotherapy, discoverIE Group, Primary Health Properties...
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Hardware & electrical equipment
DiscoverIE Group makes strong start to new financial year
Despite going up against tough comparatives, the electronics group remains on a growth trajectory
discoverIE has some of the “most attractive growth prospects” in UK industrials sector, says Berenberg
Analysts forecast that discoverIE would have around £30mln of acquisition firepower in the near term, which if deployed in similar terms to previous purchases could lift earnings by 10%
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Proactive news snapshot: Active Energy, Be Heard Group, EQTEC, Horizonte Minerals …
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discoverIE sparks as it hikes dividend after strong full year performance
The custom electronics maker reported an underlying pre-tax profit for the year ended 31 March of £27.2mln, 24% higher than the year before
Investments and investor services
FTSE 100 closes up as Wall Street shares surge as Fed chair settles investor nerves
Fed chair Jerome Powell also settled nerves by saying that the central bank could cut interest rates if necessary
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Investors in AO World will be hoping all the bad news has already come out in the wash
The Day Ahead will otherwise be fairly quiet on the corporate news front, so attention will remain on President Trump's state visit and the latest UK construction PMI survey
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Proactive news snapshot: Sirius Minerals, AFC Energy, Location Sciences …
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Solid State sparks rally with bullish trading update
A look at some of the biggest risers and fallers in London on Tuesday
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Proactive news snapshot: Tower Resources, ECSC Group, Motif Bio, Asiamet Resources …
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Hardware & electrical equipment
DiscoverIE raises £29mln to expand international footprint with two acquisitions
The customised electronic components maker also said that it had traded strongly in the final quarter of its financial year
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FTSE 100 ahead at the close as investor appetite returns
The premier UK share index finished around 33 points higher at 7,469
Investments and investor services
China New Energy powers higher as director tops up his stake
A look at the day's major movers, including Alpha Real Trust, Global Petroleum, Zinc Media, GCM and Oxford Metrics
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Proactive news snapshot: Symphony Environmental Technologies, Alba Mineral Resources, OptiBiotix Health …
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Investments and investor services
FTSE 100 closes Friday higher and gains on week as investor growth fears ease
The footsie closed up nearly 43 points at 7,228, while FTSE 250 gained almost 208 points at 19,491
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Proactive news snapshot: BigDish, ValiRx, Oriole Resources …
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Sylvania Platinum fails to flatten 'em - the sceptics, that is - with its production update
A look at the day's major movers, including Cambridge Cognition, SRT Marine, Redhall, FireAngel, Challenger Acquisitions, Alexander Mining and Blue Star Capital
Hardware & electrical equipment
DiscoverIE on course to meet full-year expectations
The two acquisitions made last year - Santon and Cursor Controls - have bedded down well
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First big wave of corporate results to hit on Thursday: BT, Unilever, Shell, Diageo to stand out
Aside from the tide of blue-chip results, some big second line news will also flow on Thursday from the likes of Britvic, Dairy Crest, Premier Oil, Rank Group, and Renishaw
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Quality and quantity on the company news front, but Brexit vote, Fed rates, US jobs to be key
The cream of the corporate updates will likely come from blue-chips BT Group, Royal Mail, Royal Dutch Shell, Unilever and Diageo
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Proactive news snapshot: Argo Blockchain, IXICO, BigDish, discoverIE …
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IG Group marked down as new regulations hit customer numbers
A look at the day's major movers, featuring Surface Transforms, Consort Medical, Tekmar, Argo Blockchain and IXICO.
discoverIE surges as it hikes interim dividend amid first half profits rise
The customised electronics maker reported an underlying pre-tax profit of £12.9mln, up 24% on the same period a year ago, while revenues climbed 12% to £211.7mln
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FTSE 100 closes firmly lower as investors realise US/China trade dispute continues
The UK index of leading shares finished down over 39 points lower at 7,022.
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Ferguson and Greencore among highlights in Tuesday’s diary
The US economic outlook, the order book and restructuring will all be among the key points as Ferguson updates investors.
DiscoverIE rises again on further reflection on yesterday's acquisition
finnCap, the house broker, said discoverIE "remains a strong play on technological change, a clear and long-term structural growth driver"
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Crest Nicholson shares fall on profit warning while Accesso advances on Groupon deal
A look at some winning and losing shares in the UK equity market on Wednesday
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Proactive news snapshot: PowerHouse Energy, Ariana Resources, ValiRx …
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Hardware & electrical equipment
discoverIE Group makes bolt-on acquisition
Cursor Controls has been acquired from its shareholders being Cursor Controls' management team, who will continue in their roles, a number of former managers and Maven Capital Partners
FTSE 100 closes in the red as May set to address EU27
The FTSE 100 falls 35 points to 7,025, while Dow falls more than 300 points
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Proactive news snapshot: Argo Blockchain, Chariot Oil & Gas, FFI Holdings...
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Customised electronics maker discoverIE enjoys strong first half
First-half sales grew 13% year-on-year and with the order book continuing to increase, discoverIE said it is well-positioned to grow further in the second half
Investments and investor services
FTSE 100 closes down nearly 2% as the big sell-off continues
The UK blue-chip benchmark finished down nearly 139 points lower at 7,006 - not far from the 7,000 mark
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Proactive news snapshot: Franchise Brands, AFC Energy, Attraqt Group …
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Veltyco slides as it forecasts half-year earnings miss
A look at some of the biggest risers and fallers in London on Thursday
Hardware & electrical equipment
discoverIE makes a strong start to the financial year
The maker and supplier of customised electronics ended the quarter with a record order book of £135mln
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Proactive news snapshot: Live Company, Metal Tiger, Shanta Gold …
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Orosur Mining raises US$250,000 by selling shares at more than double their market value
A look at some of the main news-driven risers and fallers in London on Tuesday afternoon ...
Investments and investor services
FTSE 100 closes higher but off 6,700
The UK blue-chip benchmark closed around four points higher at 7,692
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Proactive news snapshot: Europa Oil & Gas, discoverIE Group, Sound Energy …
A glance at some of the day's highlights from the Proactive Investors newswire
Imaginatik shares collapse as it ends sale process
A look at some of the biggest risers and fallers in London on Tuesday
discoverIE reports huge leap in profits as efficiency plans bear fruit
The customised electronics maker implemented the efficiency and cost reduction plan 18 months ago in a bid to boost profitability and it looks to be working
FTSE 100 closes in the red; Carnival cruises to the bottom of the pile
The UK's index of leading shares finished down around 54 points at 7,686 on Tuesday.
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Online retail march to the fore with results due from AO World and Quiz
The day-ahead includes full-year numbers from online electricals retailer AO World and omni-channel fast fashion womenswear brand Quiz PLC, as well as the latest UK services sector PMI
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It's the scrag-end of the corporate reporting season, but an update from WH Smith could excite
Aside from a trading update from WH Smith, the Week Ahead will also bring full-year results from the likes of AO World, CMC Markets, Auto Trader, and MITIE Group
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Proactive news snapshot: ValiRx, Stratex International, ANGLE …
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MyCelx ups full-year guidance as new order and equipment sale bring in US$2.7mln
MYCELX now expects full-year revenues to be in the range of US$16-17mln after the new order and equipment sale
DiscoverIE continues strong momentum into 2018
The company that was formerly known as Acal said results for the year to the end of March demonstrate the degree to which it has successfully transformed into a design and manufacturing-led business over recent years
FTSE 100 closes in the black as Shire surges; tobacco stocks drift lower
Shire shares ended 5.89% up as the group received and rejected a takeover approach from Japan's Takeda Pharma
City brokers repeat bullish views on discoverIE Group following recent Capital Markets Day
Numis Securities reiterated an ‘add’ rating and 455p price target and its analysts said the event “left us feeling confident about the Group's runway for further growth”
Numis ups target price for DiscoverIE after raising estimates following recent Dutch acquisition
The City broker’s analysts upgraded their full-year 2019-2020 earnings per share forecasts for DiscoverIE by 7-8%, leading them to increase their share price target to 455p
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Proactive news snapshot: Stratex International, Diversified Gas & Oil, Keywords Studios …
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Spectra Systems counting the coins as it says 2017 will be ahead of expectations
Some of the main news-driven risers and fallers on Thursday...
discoverIE buys Dutch solar power components specialist
Santon has been acquired from its sole shareholder and general manager, Maartin Reddering, who will continue in his role.
Investments and investor services
FTSE 100 closes in red but broadcaster ITV shines
Footsie finished down over 43 points at 7,490, while FTSE 250 was also lower - down around 58 points at 20,185.
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Proactive news snapshot: Cradle Arc, Echo Energy, Satellite Solutions Worldwide …
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Investors hang up on TalkTalk as Exane slashes price target and forecasts another cut to the divi
Some of the main news-driven share price changes in London on Wednesday ...
DiscoverIE Group posts another quarter of strong organic growth
Cross-selling initiatives generated sales of £2.3mln in the final quarter of 2017, which was nearly double the level of the prior year
FTSE 100 ends lower as pound firms; housebuilders weigh
Britain's top tier index closed around 54 points lower at 7,533
DiscoverIE's price target raised to 450p
When a share price reaches a target price, the broker can either alter the recommendation or change the share price; in DiscoverIE's case, it is the latter
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Proactive news snapshot: ValiRx, W Resources, Falcon Oil & Gas …
A glance at some of the day's highlights from the Proactive Investors newswire
discoverIE shares strong performers over the last year, but still plenty to go for, says respected German bank
The number crunchers at Berenberg believe the shares, currently changing hands for 363p, are worth 460p
Surprise trading update is just the job for Robert Walters
The trading update was short and sweet. Liberum responded by increasing its target price.
FTSE 100 closes higher as energy stocks provide a boost; supermarkets weigh
Robert Walters sprang a pleasant surprise on the market with an unscheduled trading update.