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DX Share Discussion Threads
Showing 1501 to 1521 of 1525 messages
|I was lucky to avoid the loss on this one thanks to net curtains.Just a feeling after his comments .With out aleman and others I would read these boards .We all make mistakes and get it wrong . Hopefully the gainers out gun the losses over the long term .Aleman , keep up your posting . Hind sight is such a wonderful thing .Good luck allSicknote|
|My Retirement Fund9 Feb '17 - 10:59 - 1514 of 1520 2 2
The fact is most of us have missed the shorting opportunity of the year here.
i'm almost speechless. It's incredibly easy to say it was the shorting opportunity of the year AFTER the event. The key is to actually short it BEFORE the event. So why didn't you? or need I ask?|
|Aleman well done for having the balls to exit and at least get something in your pocket. Not even Zeus could bring themselves to put a positive spin on the latest warning and that is after they pocketed £6m for acting as NOMAD when this was floated, if they kept the money they could have bought a third of dx now. This is purely a gamble now but you know my money has always been on this going down the pan. If debt is at £20m at june there overall facilities are only £30m and the facilities are up for renewal in 2017. If the bank pulls the plug then this will be gone in 6 months. Keep doing the research we both know we have to have losers to get to the winners, good luck.|
|Nobody is right all the time...not even you. That's not the benchmark of a successful investor|
|He was wrong, you can be the most courteous or open person on the planet but it makes little difference if your wrong then you just plain wrong and nothing can change that fact!|
my retirement fund
|My Retirement Fund
Damn;I went to vote your post 1514 down and voted it up by mistake! doh.
Would add that there are foulmouthed obnoxious posters on these boards but I think that Aleman has proved to be courteous and very open with his thoughts. Overall and over a period of time I think you could even say that his postings could be considered quite valuable.
Back to sleep where I can't do any harm.|
|Probably as dx bought city link.|
|CEO here is soon to be ex DX|
|I'm out. I think they'll struggle to get above 10p without news and news could go either way. I think there is a strong possibility of a bid under 15p for the cashflows and strategic reasons, helped by all the loose stock traded this week, but I also think there is plenty could go wrong and it could struggle with its current accident-prone directors. A recession in the UK could kill this one off and I actually think DX's latest troubles are a sign that the economy is starting to slow.|
|He not dead yet|
|Tiddles is bouncing|
|Gatemore bought all those calling this lower, hows that short going from 7p. I told you value here.|
|what a finish|
|bid coming boom|
|I skimmed through all the posts on this board yesterday as I had this on my watchlist for the dividend.
To be fair some were calling this much lower 2 years ago.
Does seem like its time to let it die.|
|Theres a big differnce between a loss and reduced profit with increase pipeline. Gatemore read it the latter way. Expect more buys from them imo ... posibbly another player too.|
|Told you yester day RE Gatemore. They probablby held the price back to buy in on the cheap.
Management about to be culled with a blunt mattet.
Value/Recovery play. 12p realistic|
"Insolvency is a very real risk here, in my view"
|"They are all stressed out loading up their vans with hundreds of parcels"
sounds like there doing ok then!|
|Well, Gatemore declared - 11.7 to 22.7m.|
|Paul Scott yesterday ...
DX (Group) (LON:DX.)
Share price: 6.95p (down 61.4% today)
No. shares: 200.5m
Market cap: £13.9m
Trading update (profit warning) - this is the latest in a series of dire updates from this mail & parcels business. Key points today;
Challenging conditions continuing
Pressure on pricing
Higher margin business failed to materialise
Fixed cost nature of courier business is hurting profitability
Problems integrating 5 sites into 1
On a more positive note,
the lower margin logistics business has been winning new work, and
"material new contracts are now being implemented and the Company's pipeline of new business opportunities is robust"
Put this all together then, and it's a nasty profits warning:
it now anticipates that profits for the year will be significantly below current market forecasts, with net debt consequently higher than expected.
Forget dividends too, probably forever;
...It has also taken the decision not to pay any dividends for the foreseeable future
A full review of the business is underway:
...and has commenced a wide-ranging review of the Company's operations with a view to driving revenues and improving its financial performance.
What's taken management so long? It's been obvious for some time that the business model here was completely broken. The reason is simple - a high fixed cost base, and declining customer revenues.
The core DX Exchange business used to be a massive cash cow, moving valuable parcels & letters around for solicitors, and similar. These days, they're using email instead, in many cases. So the reason for DX Exchange to exist has essentially gone away.
My opinion - I hope none of my readers go caught on this one. I foolishly caught the falling knife on the first big drop in Nov 2015, but it didn't take me long to realise that the problems at DX were structural, not temporary.
My report here on 21 Sep 2016 couldn't have been more stark, in warning that there probably wouldn't be any more divis, and that the company looked to be heading inevitably towards eventual insolvency.
This share is really now just a chip in a casino, for gamblers only. I think its business model is permanently broken. So the equity is probably worth nothing. Optimistic gamblers might hope that management can strip out enough cost to keep it afloat, but that's not a game I want to play. Why take the risk? Insolvency is a very real risk here, in my view.
It's also a reminder that whenever you see a PER this low, and a divi yield this high (see below), then it's a massive red flag - it means the broker forecasts are badly wrong, and the market is anticipating serious problems ahead. The market is usually right, too.
I'm increasingly of the view that searching for the lowest PER, highest yielding companies, is a dangerous strategy which, more often that not, will land you in a mess. Fairpoint (LON:FRP) was a good recent example, and DX is another.|