Updates

DiscoverIE

October 2021

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.

Last year I carried a main profile on DiscoverIE, when I noted my PA Georgina referred to the subject matter as a “bit dry.” It’s the kind of dry I like, with the shares up 113% since. During the month DiscoverIE announced two acquisitions together with a placing to raise £55m at 1028p. Both deals have 20%+ operating margins versus the group average of 7.7%.Bigger of the two deals is Beacon for US$80.5m (£58.8m), a 100% US manufacturer / supplier of custom System on Module (SOM) embedded computing boards, predominantly for the medical sector. It had sales of US$28.1m in FY20 - and DiscoverIE is paying 11.8x operating profit.Separately it has also bought Antenova (UK-based designer and manufacture ...

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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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