Driver Group – a great opportunity for the directors to materially buy shares in what they state is “a leading global player”? Er…

Published 68 days ago

Writing on professional services consultancy to the construction and engineering industries, Driver Group (DRV) on Monday it was from “transformative turnaround” to profit warning… in 3 months! – and the shares closed at 52p, having been above 70p last week (though with a noticeable fall on the Friday – hmmm!) and above 80p in December. There’s now since followed three “Director dealing” announcements…

Tom Winnifrith Bearcast - it is all about earnings visibility

Published 70 days ago

In today's bearcast I look at Widecells (WDC), RM2 (RM2), Kier (KIE), Tomco (TOM), Northern Bear (NTBR), Driver (DRV) and Regency Mines (RGM). If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.

Driver Group – full-year loss & bailout fundraising. “Renewed confidence”?

Published 822 days ago

Driver Group (DRV) has announced self-admitted “disappointing” results for its year ended 30th September 2016 and a bailout fundraising, though argues that stakeholders should soon be able to “look forward to the future with renewed confidence”. Hmmm...

Driver Group – confirms a second half year return to profit, so why are the shares crashing again?

Published 978 days ago

Construction and engineering industries consultancy group Driver (DRV) “is pleased” to confirm a return to profit during the second half of its year ending 30th September on turnover expected to be roughly 7% ahead of that recorded at the interim stage. The following though reviews, with the shares currently more than 11.5% lower, at 42p...

Driver Group – interims fail to provide post profit-warning boost as dividend axed

Published 1090 days ago

Having updated earlier this month that profit would be “significantly short of market expectations” and an increase in the bad debt provision – see HERE, Driver Group (DRV) has announced results for its half year ended 31st March 2016. As expected, they ain’t pretty…

Tom Winnifrith Bearcast - a Nightmare about bars in Sunderland Edition

Published 1105 days ago

A reader says that ahead of bearcast he now gets an advert for bars in Sunderland. Poor fellow. Perhaps he should move from the welfare safaris of the grim North to the hard working South of England? I discuss this and then move onto Nyota Minerals (NYO), Aureus Mining (AUE), Driver Group (DRV), Harvest Minerals (HMI) and - in detail - the piece of excrement that is African Potash (AFPO).

Driver Group – revenues projected to be ‘in line’, but profit? …

Published 1105 days ago

Construction and engineering consultancy group Driver (DRV) has updated that “March and April revenues were strong and the current workload / pipeline indicates that the group will deliver revenues for the year ending 30 September 2016 at least in line with current market expectations. However… believes that profit for the current year will be significantly short of market expectations”. Uh oh…

Tom Winnifrith Bearcast 2 March: The Scum visit The Academy & I'm not talking David Lenigas

Published 1174 days ago

I shall not curse West Ham by going to watch the match tonight at The Conservative Club but for Striebs and others I am aware what is happening. Instead I shall be watching the new series of Grantchester with the Mrs and Oakley and I recommend it to one and all. I look at the latest Horse Shite ramp from David "I am incapable of telling the truth" Lenigas and flag up a placing rumour at UK Oil & Gas (UKOG) and also Regency Mines (REG). I look at the Pathfinder (PFP) disaster in detail and at Driver (DRV) where the curse of Steve "shagger" Norris strikes again. Madgascar Oil (MOIL) confirms that minority shareholders will be buggered and I look at the farce at Edenville (EDL).  So that is three companies operating in Bongo Bongo land where PIs have been screwed today. Then there is a detailed look at games developer Frontier (FDEV) where the valuation is a rum and coke even after today's profits warning.


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