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DiscoverIE - Trading ahead of expectations

May 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • DSCV
  • Price:
  • 764p
Despite semiconductor shortages delaying sales in two of DiscoverIE’s 20 businesses, it has said it expects full year results to be ahead of expectations. Full year revenues were +28% YoY on constant currency (+17% organically). DiscoverIE continued to see strong order intake in the final two months of FY22, closing the year ahead of board expectations at £224m. With low gearing (despite >£100m in acquisitions in the last year), brokers Jefferies notes it still has c£80m available for further deals. Await finals on 14 June. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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