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Driver Group – trading update, restructuring for “renewed focus” or not?...

By Steve Moore | Monday 26 October 2020


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Previously writing on “global professional services consultancy to the construction and engineering industries, providing multi-disciplinary consultancy services including expert witness, claims and dispute resolution services” Driver Group (DRV), in June with the shares at 52.5p I was cautious including as the company noted “expectation that COVID-19 will in the near future impact customer behaviours and therefore activity levels, perhaps materially so”. Today a trading update and the shares currently more than 11% higher in response… though that to 49.5p…

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