Share Name Share Symbol Market Type Share ISIN Share Description
DX LSE:DX. London Ordinary Share GB00BJTCG679 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -1.39% 17.75p 17.75p 18.00p 17.75p 17.75p 17.75p 136,493.00 12:04:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 287.9 9.4 3.8 4.7 35.59

DX Share Discussion Threads

Showing 1351 to 1373 of 1375 messages
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
DateSubjectAuthorDiscuss
06/1/2017
16:27
Or switching stocks ?
s34icknote
06/1/2017
16:25
People swinging. I'm one. ?
anthonyspencer1
05/1/2017
15:21
Lots of 50 k trades again
s34icknote
05/1/2017
11:52
Judging by the success of online shopping, DX should have had a bunper season imo. BUY 32p
kmann
31/12/2016
15:21
lol have a good new year
reallyrich
31/12/2016
13:24
reallyrich...not me in post 1352!...
diku
31/12/2016
12:20
One of the presentations on the website shows the shrinking Exchange revenues. I'm pretty sure analysts factored that into their forecasts of increased profit next year, along with the similar business acquired in Scotland this year to add to it and growth in other parts of the businesses. Or are you suggesting analysts did not factor in a weakening Exchange business?
aleman
31/12/2016
11:29
In their year end results presentation they said dx exchange volumes reduced by £6.6m and this also flowed straight through to the bottom line and was the main driver of profit reduction. If this continues at the same rate this year it does not leave them a lot of profit left and where does it stop ? We dont know what the fixed cost of this is, say it is £40m then it has another say 3 years to fall to that level, but this would also tell you the rest of the business is loss making ! If the fixed cost base is say £55m and it reaches that point this year what do they do ? If they close it down the subscriptions will unwind creating a £20m hole in cash and they will also be faced i am assuming exit costs of getting out! Either way the dividend is too aggressive.
dadsarebest
30/12/2016
14:37
Cash from operations was £14.7m. It covered £3.6m tax and £10m dividends but that includes leftovers from last year. This year's ongoing figures are £1.7m tax and £5m dividend so they take up less than half. The acquisitions should increase cashflows slightly next year so that's still about £10m of operating cashflows for other stuff. Are you suggesting that £10m will disappear for some reason? Margins were hit by driver sourcing issues but the final results indicated these had stabilised, which hints that margins might start to improve a little, presumably the main driver behind forecasts of slightly rising profits ahead.
aleman
30/12/2016
12:51
Some good valid points aleman but it feels like DX does have cliff face arriving. Key for me is the declining DX exchange (and it is declining the results since listing demonstrate that), what is the break even point on this business ? When it reaches this point what does it do, presumably close down this part of the business ? can't afford to operate it losing money and if the only way to reduce the cost base is to reduce coverage then it loses its attractiveness. When this happens it is the key moment for DX as their balance sheet has circa £20m of deferred income (up front subscriptions), when this part stops trading this will catapult debt up to £30m, above their current facility levels ! Banks would not finance new hub so will they be impressed by the DX approach this year which was to use their banking facilities to fund their dividend payments ? I think not !
dadsarebest
29/12/2016
11:56
I like the parcel exchange plug in they are offering retailers
anthonyspencer1
29/12/2016
09:26
All electronic documents are vulnerable to electromagnetic pulse (natural and man-made) and natural decay. This is why some organisations refuse to move from paper - the Office of the Public Guardian, for example - even if they have records scanned for ease of access. In my recent dealings with a solicitor, I was advised not to use email for sensitive information as it was not secure. I do not see DX's legal/secure business disappearing overnight. Dividends need to be covered by cashflow - not earnings. Occasional non-cash write-downs that hit earnings rarely affect the ability to pay a dividend if cashflow is satisfactory, as seems the case here. The rise in debt was to make acquisitions that have increased cashflows and will have likely increased dividend and interest cover. Lots of businesses have balance sheets with high intangibles or even negative assets. It is only a problem for certain industries. Most software companies have no significant assets rcorded on balance sheets. Many retailers never build up any balance sheet strength since they rent shop units and don;t pay for stock until after it is sold. Some companies do not need to tie up lots of underworked capital on their balance sheets.
aleman
29/12/2016
09:11
How do you email a package I would ask and writing down intangibles is not a cash cost present dividend is forecast to be covered.
wskill
29/12/2016
08:58
Copied from previous post. Worth a read. Dividend sure to be CANCELLED. Dividend was uncovered by Earnings last year, ] AND It has debt of £10m now up from £2m debt a year ago ] AND Just look at the intangibles of £113m on total balance sheet of £133m, thats all hot air. Puffery. They need to write it down cos the assets are generating less free cash. The big risk is that DX’s most profitable business, DX Exchange, appears to be in decline. DX Exchange provides a secure mail service for lawyers and businesses. Demand is being rapidly eroded by email.Dividend is all that is holding the share price aloft, with out that this is 6p
opodio
29/12/2016
08:57
yes and there are European online shoppers buying in the uk most of the delivery companys have said there all doing more oversea's trade due to the weak pound
jon123
29/12/2016
08:49
With online shopping their is more parcel post than ever before. That is why many of the high street reatailers are suffering.
reallyrich
29/12/2016
08:35
erm true but these days the deeds are not important as they used to be now the land registry is gospel and its records are electronically held
jon123
29/12/2016
08:21
You can't send the deeds of a house by e-mail.
this_is_me
28/12/2016
10:03
Share price 35-40p within a year
anthonyspencer1
26/12/2016
19:54
30 december, good day for a profit warning
dlku
26/12/2016
10:21
Copied above from previous post .Worth a re read . All thoughts welcome
s34icknote
26/12/2016
10:19
Show the main post> mrbridgeruk - 21 Nov 2016 - 12:01 - 1289 of 1348 - 0On the March today, rumours on the contract?s34icknote - 21 Nov 2016 - 16:27 - 1290 of 1348 - 0Breaking upwardsSteMiS - 22 Nov 2016 - 00:39 - 1291 of 1348 - 0I can't see that decline in DX Exchange is a major cause of DX. profit fall in 2016. In 2013 revenue was £70m. Assuming it's declined by 6% pa (which seems to have been guidance to analysts) then by 2015 it would be about £61m. A 10% drop in revenue equates to £6m. Now I know margins are high in this area but they aren't 100%. EBITDA was down £15.7m year on year. Perhaps DX Exchange contributed a few million of that on a marginal basis? Interesting the FD walked. Suggests poor cost/forecast control was really the heart of it?Anyone got a view on the size of the Passport Office contract? It forms part of DX Secure which was £43m revenue in 2013. So what, £15-25m? Assuming similar margin then that's upto £2m EBITDA?mrbridgeruk - 22 Nov 2016 - 07:03 - 1292 of 1348 - 0DX, the independent parcels, mail and logistics operator, announces the outcome of the tender process for the contract with Her Majesty's Passport Office ("HMPO") and provides an update on current trading, including its planning appeal and revised proposal for a new distribution centre in the West Midlands.Following the conclusion of the tender process for the Home Office contract covering secure delivery services for HMPO, UK Visas and Immigration, National Crime Agency and General Register Office, the Company has been notified that it has been provisionally awarded the contract, which remains subject only to the finalisation of documentation. The contract is for an initial two year period and may be extended by up to two years.Trading conditions over the first half of the financial year have remained challenging and there has been margin pressure mainly resulting from a change in revenue mix. Nonetheless, with a number of major new contracts due to commence and an encouraging pipeline of new business opportunities under active negotiation, management remains focused on meeting its existing expectations for the full year.The Company's planning appeal and revised application to develop a new central hub in the West Midlands remains under consideration by the local authority and DX now expects a decision by mid-February. A further update on this will be provided in due course.Baticle - 22 Nov 2016 - 07:11 - 1293 of 1348 - 1Its Great News that they've kept the contract if only a testament to the fact that they can and have the ability to win business, this hopefully should bode well for the future and subsequently the share price.Imgoingallin - 22 Nov 2016 - 07:30 - 1294 of 1348 - 2shows they've performed well in HMPO's eyes over the course of the last contract. The only way has got to be up today. :)Skinny - 22 Nov 2016 - 10:30 - 1295 of 1348 - 0Numis Under Review 19.50 - - Under Reviewtuftymatt - 22 Nov 2016 - 10:37 - 1296 of 1348 - 0Yes it's good news for DX and it's holders as it keeps things stable in the long standing part of the business.Smart move by the CEO to hide some negatives in amongst the positive as alone they may be viewed as more damaging then when mixed with a big positive.speedsgh - 22 Nov 2016 - 11:15 - 1297 of 1348 - 0DX (Group) PLC Successful HMPO tender improves forecast certainty â€" Zeus Capital - http://www.directorstalkinterviews.com/dx-group-plc-successful-hmpo-tender-improves-forecast-certainty-zeus-capital/412716544DX (Group) PLC (LON:DX) has confirmed that it has won the retendering of the HMPO contract. We understand that it was a highly competitive process so retaining the contract is especially pleasing and provides greater confidence looking forward. We leave forecasts unchanged but with materially increased certainty on being achieved. The successful retender highlights that the quality of service DX has delivered over the previous contract periods has been respected. The only disappointment in today’s statement is the announcement that the decision on the resubmission of planning permission for the central hub has been delayed until mid-February. Today’s announcement de-risks FY17 and FY18 earnings and net debt forecasts and highlights the attractiveness of the prospective 2.5p dividend in each year. We leave forecasts unchanged meaning DX is trading on just 3.6x FY17 earnings and yielding c.14% on last night’s 17.75p closing price. A conservative 7x short term recovery multiple would equate to a 35p share price offering 97% upside, this would still only equate to 4.0x EV/EBITDA.* Passport contract importance greater than its size â€" In annual Group revenue terms the contract is worth a relatively small c. £20m â€" £25m but we believe the volume it provides for the important Secure division underpin the better economics of this area relative to other areas of the business. The Secure business grew at c.9.0% last year and should continue to grow strongly on the strength of its service offering and retaining HMPO volumes will underpin its economics. We understand it was a very competitive process and to win it shows the strength of DX’s Secure offering. The only material change would appear to be the movement in length from 3+1 year contract term to a 2+2 year.* Improved visibility in FY17 â€" Whilst we don’t ignore the intense competition in all areas of the deliveries market, the HMPO tender win materially increases the certainty of achieving FY17 PBT estimate of £12.2m. In turn, this would increase certainty on our assumptions of net debt falling to just c.0.3x EBITDA. With this low level of gearing it increases the attractiveness of the 2.5p dividend which equates to a 14% yield and is twice covered by earnings. Further confidence across the forecast period will be taken should Exchange experience a benign renewals season in January, albeit with the April renewal period still to come before the period end.* Valuation â€" Placing a recovery multiple of 7x on FY17 earnings would equate to a DX (Group) PLC share price of 35p, offering c.97% upside. Arguably, this multiple is supported by the greater certainty today’s announcement provides to earnings. The shares have recently gone ex-dividend 1.5p (10th Nov) leading to a 1.75p fall to 17.75p. At this level the prospective yield of c.14.0% is appealing on a balance sheet with little debt as net debt declines to just 0.3x EBITDA.s34icknote - 22 Nov 2016 - 13:13 - 1298 of 1348 - 0Happy days In at 17.13 and have the div to come ?Triad next !>
s34icknote
25/12/2016
11:01
Just re read the results in September. Lots to read about each division. Some doing very well some not. Results next February would be the ones to see how they are progressing.
reallyrich
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
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