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data and research (DRS)     

mackenzie - 24 Jun 2003 19:24

Anyone got any views on this, seems to have been a steady climber for some time, will it continue? FD buying today

Dil - 24 Jun 2003 19:43 - 2 of 13

I got some.

mackenzie - 25 Jun 2003 11:41 - 3 of 13

And you wonder why people don't use this board.

Dil - 25 Jun 2003 12:46 - 4 of 13

There are not many views on these on other boards either.

mackenzie - 25 Jun 2003 19:14 - 5 of 13

How about yours (partly copied below) from another bb
Data Research Services ..... on the launch pad ready for lift off (DRS - DRS Data and Research Services)


Dil - 06 Jun 03 - 10:45

From Sharescope :

1998 EPS 0.06p
1999 EPS 0.56p +833%
2000 EPS 1.12p +100%
2001 EPS 1.45p + 29%
2002 EPS 3.61p +149%

10th June 2003 : Under starter's orders for the 2004 London election race
The first milestone in the countdown to next year’s London Mayoral and Assembly elections was passed today with the award of an electronic vote counting contract worth at least 3.5 million to Milton Keynes-based DRS Data & Research Services plc.
=============
I'm fairly new to this, started trading last October, thought the idea of this board was to share info....so I thought I'd ask about others advice on an investment I was in two minds about....you obviously did have an opinion but didn't want to share it...still I'm doing okay without it thank you, so far I've traded in the following:
MYS bought at 7.5p
STG " at 19.5p
MT. " at 12p
CW. " at 40p
AMT " at 34p
OXB " at 8p
CS. " at 6p
TTG " at 84p
Have sold enough of these to recover investments so now have a worthwhile portfolio which has cost me nothing
In the U.S. market I hold:
IGT bought at $70 currently $99.7
UBCH " at $20 " $28.72
WIND " at $2.5 in Oct, sold some Dec for $6 Currently $3.9

Today I purchased DRS and FIB, at 42 and 52p, in case you think I'm just quoting historical figures, I'm watching trading on THUS expect to buy on upturn, think they have a +25% short term gain looming, is it worth asking your opinion?


Dil - 27 Jun 2003 09:05 - 6 of 13

Breaking out again.

Dil - 02 Jul 2003 22:01 - 7 of 13

Stick a chart in post 1 Mack.

Cheers

Dil

Dil - 05 Jul 2003 01:13 - 8 of 13

Just me then ...

Sign of the Times - 05 Jul 2003 16:29 - 9 of 13

Oh no, I'm with you on this one too ...

Dil - 30 Jul 2003 19:25 - 10 of 13

Anyone else ?

ravey davy gravy - 26 Aug 2010 08:03 - 11 of 13

Old thread but i'm trying to understand why it's opened down today.

Market cap 5.4 mil.

Cash of 4 mil, profits of almost 500k H1, strong order book.

This should be double the price ?

ravey davy gravy - 26 Aug 2010 13:06 - 12 of 13

It's a shame it's so illiquid as it looks a stunning play.

Looking more closely the company does have borrowings but they could pay them
off with the cash, i think the price would have reacted better had they used the
big increase in cash to reduce borrowings, whichever way you look at it they have
a nice net surplus of cash and a very nice 5 year contract which they recken is worth 40 mil of turnover, judging by the big increase in their cash balances then cash generation is strong so again i can see this doubling this year.

HARRYCAT - 19 May 2014 08:40 - 13 of 13

Chart.aspx?Provider=EODIntra&Code=DRS&SiAGM and Interim Management Statement
Revenue for the first 4 months of 2014 is significantly down on the same period last year. The principal reason for the decline in revenue is a reduction in demand for examination marking services, as stated in the 2013 Annual Report, resulting from the structural change to academic qualifications in the UK secondary education market.

At the time of the 2013 Annual Report we expected that some of the anticipated volume decline in the January and March UK examination series would be offset by increased volumes in the summer series, the revenue for which is recognised in the second half of the year. Now that the summer series has commenced it is apparent from the registration data that the volumes are materially lower than expected with full year volume likely to be 15% lower than last year.

In addition it is now understood that a prospective large international census client will undertake their count manually. This means that there are currently no large scale census or election revenue opportunities in the current year.

In the light of these developments appropriate cost reduction measures are being implemented to reduce the cost base of the business but the reduced level of revenue is likely to result in pre-tax profits being significantly below current market expectations.
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