Editor's Pick: Markets: The week that was (16-20/11/09)

(DRV.L) Driver Group PLC Buy/Sell

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Summary

Current Market Information

Time: 06:39 (Market Closed)

Bid	49.00
Ask	54.00
Price	51.50
Previous	51.50
Change	+0 (0.0000%)
Last Trade	51.50 (16:30:10)
Trading Vol.	0
Today's High	51.50
Today's Low	51.50

52 Wk Low	48.00
52 Wk Low	(31/07/2009)
52 Wk High	82.00
52 Wk High	(27/01/2009)
52 Wk Change	-14.00
52 Wk Change	(-21.37%)
4 Wk Volume	30,895
ISIN Number	GB00B0L9C092
Currency	GBX

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Recent News
Date/Time	Headline	Source
08-10-09	Driver Group plc - Issue of Options	RNS
RNS Number : 4701A Driver Group plc 08 October 2009 DRV 08 October 2009 Driver Group PLC ("Driver" or "the Company") Issue of options Driver announces that, on 08 October 2009, the Company resolved to grant options in respect of 500,000 ordinary shares of 0.4p each ("Ordinary Shares") in the capital of the Company ("Options") under the Company's Enterprise Management Incentive Option Scheme. The Options have been granted at an exercise price of £0.62 and are exercisable between 08 October 2012 and 08 October 2019. For further information, please contact: `Driver Group plc Tel: 01706 223 999` Steve Driver, Chief Executive Colin White, Finance Director `Zeus Capital Limited Tel: 0161 831 1512` Alex Clarkson / Nick Cowles This information is provided by RNS The company news service from the London Stock Exchange END MSCCKFKPKBDDQKK More
25-09-09	Driver Group plc - Pre-Close Update	RNS
RNS Number : 6402Z Driver Group plc 25 September 2009 DRV Driver Group plc ("Driver" or "the Group") Pre-Close Update Driver, the provider of specialist commercial and dispute resolution services to the construction industry, issues the following trading update prior to the close of its financial year on 30 September 2009. The trading environment in the second half of the year has been very challenging, reflecting wider economic conditions. Trading in the UK, Driver's core market, continued to be mixed. London and the Southern regions performed in line with management expectations, supported by growth in expert services work. However, trading in the Northern region has not shown the expected upturn after the Summer break and revenues and profitability are therefore behind management projections. The Group continued to invest in its operations in the Middle East, especially in Oman in line with Driver's long term growth strategy. However, certain new contracts in Oman have been further delayed and are now expected to commence during the first half of the new financial year. Nonetheless, opportunities in Oman remain very good. In the light of trading conditions, the Board has acted to reduce the cost base of the business. These actions will be fully accounted for in the financial year under review and are expected to generate annualised cost saving of approximately £0.7m. Including the cost of these actions, management expects profit before tax and before the cost of share options for the full year to be in the range of c£1.1m-£1.3m. The Group's net debt position is expected to close the year significantly better than market expectations at around £0.5m, benefiting in part from the lower than projected volume growth in the Middle East. Despite these near term challenges, the Board believes that the combination of Driver's breadth of consultancy services and its robust balance sheet and cash flows means that the Group is well-positioned for on-going growth as market conditions stabilise. For further information please contact: `Driver Group plc Tel: 01706 223 999` Steve Driver, Chief Executive Colin White, Group Finance Director Dave Webster, Chief Operating Officer `Zeus Capital Limited (NOMAD) Tel: 0161 831 1512` Alex Clarkson/Nick Cowles `WH Ireland Limited (Broker) Tel: 0113 394 6600` Gary Marshall `Biddicks Tel: 020 7448 1000` Katie Tzouliadis This information is provided by RNS The company news service from the London Stock Exchange END TSTCKQKKABKDACB More
09-09-09	Driver Group plc - Holding(s) in Company	RNS
RNS Number : 7970Y Driver Group plc 09 September 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi `1. Identity of the issuer or the underlying issuer Driver Group plc` of existing shares to which voting rights are attached: ii 2 Reason for the notification (please tick the appropriate box or boxes): `An acquisition or disposal of voting rights Yes` An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): `3. Full name of person(s) subject to the Paul Anthony Bell` `notification obligation: iii (65,000)` `4. Full name of shareholder(s) Fitel Nominees Limited` `(if different from 3.):iv (862,500)` `5. Date of the transaction and date on 08/09/09` which the threshold is crossed or reached: v `6. Date on which issuer notified: 09/09/09` `7. Threshold(s) that is/are crossed or 3%` reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number Number of voting % of voting rights x` `of of of shares rights` `Shares Voting` `Rights` `Direct Direct xi Indirect xii Direct Indirect` `ORD GBP 0.004 677,500 677,500 927,500 927,500 3.51` GB00B0L9C092 B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Expiration Exercise/ Number of voting % of voting` `instrument date xiii Conversion Period xiv rights that may be rights` `acquired if the` `instrument is` `exercised/ converted.` C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction `Type of financial Exercise price Expiration date xvii Exercise/ Number of voting rights instrument refers to % of voting rights xix, xx` `instrument Conversion period xviii` `Nominal Delta` Total (A+B+C) `Number of voting rights Percentage of voting rights` `927,500 3.5` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: `14. Contact name: ANTHONY E. LAPPIN` `15. Contact telephone number: 0161 819 8881` This information is provided by RNS The company news service from the London Stock Exchange END HOLGGGGLKLVGLZM More
24-08-09	Driver Group plc - Holding(s) in Company	RNS
RNS Number : 9043X Driver Group plc 24 August 2009 `TR-1: notification of major interests in shares` `1. Identity of the issuer or Driver Group PLC` the underlying issuer of existing shares to which voting rights are attached: `2. Reason for the notification (please tick the` appropriate box or boxes) `An acquisition or disposal of voting rights X` An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify):___Previously notified holding__________________ `3. Full name of person(s) Directors Dealing Investment Trust PLC` subject to the notification obligation: `4. Full name of shareholder(s) HSBC Global Custody Nominees Ltd (a/c designation` `(if different from 3.): 866379)` `5. Date of the transaction 20/08/2009` (and date on which the threshold is crossed or reached if different): `6. Date on which issuer 21/08/2009` notified: `7. Threshold(s) that is/are Moved to below 3%` crossed or reached: 8. Notified details: A: Voting rights attached to shares `Class/type of shares Situation previous to the Triggering Resulting situation after the triggering transaction` `if possible using the ISIN transaction` CODE `Number of Shares Number of Voting Number of shares Number of voting % of voting` `Rights viii rights ix rights` `Direct Direct x Indirect xi Direct Indirect` Ordinary Shares `GB00B0L9C092 1,007,975 507,975 < 3 %` B: Financial Instruments Resulting situation after the triggering transaction xii `Type of financial instrument Expiration date xiii Exercise/ Conversion Number of voting % of voting rights` `Period/ Date xiv rights that may be` `acquired if the` `instrument is` `exercised/` `converted.` Total (A+B) Number of voting rights % of voting rights `507,975 Less than 3% of class` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv: Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: 15. Contact telephone number: Annex Notification Of Major Interests In Shares xvi A: Identity of the person or legal entity subject to the notification obligation `Full name (including legal form for legal Directors Dealing` `entities) Investment Trust PLC` `Contact address (registered office for Beaufort House,` `legal entities) 51 New North Road,` `Exeter, Devon EX4` 4EP `Phone number 01392 477582` `Other useful information (at least legal Contact: Martyn` `representative for legal persons) Morris` `B: Identity of the notifier, if applicable xvii` `Full name Martyn Morris` `Contact address Beaufort House, 51` `New North Road,` `Exeter, EX4 4EP` `Phone number 01392 477582` `Other useful information (e.g. For and on behalf` `functional relationship with of Capita Sinclair` `the person or legal entity Henderson Ltd;` `subject to the notification Company Secretary` obligation) `C: Additional information` This information is provided by RNS The company news service from the London Stock Exchange END HOLZGGZRFDZGLZM More

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Date/Time	Subject	Author
08-07-09	Add recommendation from Growth Company I...	InvestingGarden


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	http://www.growthcompany.co.uk/recommendations/1051927/driver-group.thtml More \| View thread (1) \| Respond \| Login to Vote up \| Login to Vote down
22-06-06	No Subject	Riley ace of spies


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	Wow - 95p a share would be VERY nice ;-) Thanks AFX !! More \| View thread (1) \| Respond \| Login to Vote up \| Login to Vote down
16-01-06	BUY Mena Report.	T_T


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	"this project should make a significant contribution to securing Driver Group’s forecast profit for its operations in the United Arab Emirates for the financial year to 30 September 2006." Driver Group signs major Abu Dhabi agreement in connection with US$14.7 billion property development Posted: 15-01-2006 , 07:12 GMT Driver Group, which provides specialist commercial, project planning and dispute resolution services to the construction industry, has announced that it had concluded a significant agreement in Abu Dhabi with an international Engineering Consultancy. Under the terms of the agreement, Driver Group will be providing commercial and project planning services in connection with a US$14.7 billion property development in Abu Dhabi. The contract is for an initial three years and will support a minimum of six consultants, potentially increasing to 15 consultants over the term of the agreement. With the minimum resource level of six consultants, this project should make a significant contribution to securing Driver Group’s forecast profit for its operations in the United Arab Emirates for the financial year to 30 September 2006. The mixed use property development includes signature commercial buildings, retail, leisure, health and community facilities. At this stage, Driver Group is unable to name the project or client as the agreement contains express provisions for confidentiality. Steve Driver, Chief Executive Officer of Driver Group, commented, “I am delighted to announce this contract. It is a substantial win for Driver Group and represents a material step forward for our business in the United Arab Emirates. We opened an office in the region last year and have surpassed our own expectations in the progress we have made in establishing ourselves in this marketplace. This significant agreement reflects the high quality reputation we have established in the UK where our clients include six out of the ten largest UK contractors.” More \| View thread (1) \| Respond \| Login to Vote up \| Login to Vote down
13-01-06	BUY LOL.	T_T


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	LOL.... A goldmine staring people straight in the face, and it is still only a penny or two above the placing price... Even Directors have been buying higher than this, and the increase in turnover/profit i think has gone unoticed. The contract win in the UAE is massive. The increased revenue this will generate will eventually be reflected in the SP. Financial Results The performance of the Group has exceeded our expectations and has delivered an operating profit from continuing operations before exceptional items of £1.65 million and earnings per share before exceptional items of 7.4p. These represent increases respectively of 27% and 48% on the same period last year. Turnover on continuing operations rose by 6% to £8.1m from £7.6m last year. The exceptional items relate principally to the Group's historical practice as a private company of paying surplus profits as bonuses. As a result, profit on ordinary activities after exceptional items and before taxation was approximately break-even, as anticipated in the Admission Document. Following admission to AIM, surplus profit bonuses will not be paid and the Directors have committed to a progressive dividend policy consistent with maintaining an appropriate level of dividend cover. Trading Overview During the year, the Group continued to focus on working with larger construction contractors. The Group has carried out work for six out of the 10 largest construction companies in the UK by turnover according to statistics published in the Building Magazine in 2004. Our appointments related to major civil and heavy engineering projects, multi-storey buildings and Private Finance Initiative/Design Build and Operate assignments. I am pleased to record that over 80% of Driver Group's turnover during the year was derived from repeat business and/or continuing projects, testimony to the high quality of service we deliver to our clients. A major initiative during the year was the opening of our first offices in the United Arab Emirates. Supporting one of the most active construction sectors in the world, the region offers exciting growth opportunities and today, we are delighted to announce that we have signed a significant agreement in Abu Dhabi with an international Engineering Consultancy to provide commercial and project planning services on one of the largest construction projects in the world. The contract is for an initial three years and will support a minimum of six consultants, potentially increasing to fifteen consultants over the term of the agreement. With the minimum resource level of six consultants, this project should make a significant contribution to securing Driver Group's forecast profitfor its operations in the United Arab Emirates for the financial year to 30 September 2006. This contract and other opportunities we have identified make the UAE an important area for growth for us in 2006. In September 2005, the Group launched Adjudication Toolkit in which it has a 51% interest. The toolkit is an online programme aimed at enabling users to run minor or less complex disputes (where it would not be cost effective to engage external solicitors or consultants) to adjudication. The product is still in the early stage of marketing. Prospects The Group's profile has increased significantly following its admission to AIM in October 2005. Our enhanced profile is already providing benefits in attracting additional clients and staff. The prospects for growth in the UK and European divisions are good and, in the UAE, there are significant opportunities emerging, not least those associated with today's major contract announcement. The Directors believe that we are embarking upon an exciting period in the Driver Group's development and view the financial year ending 30 September 2006 with confidence. Michael Davis Chairman More \| View thread (1) \| Respond \| Login to Vote up \| Login to Vote down

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