Dx (group) Share Discussion Threads

[tuftymatt] 14/11/2016 06:45

With the divi secured and half an eye on the upcoming contract signing, it's not a bad time to get out IMO. Look at what happened this time last year too!!

[s34icknote] 10/11/2016 11:00

I think a stellar is holding this back .Probably a daft institution selling out at the bottom .Like norges did yesterday at Pmo .

[s34icknote] 10/11/2016 08:46

Buyers coming back in !

[s34icknote] 10/11/2016 08:06

Ex div today 1.5 p in the bank !

[s34icknote] 07/11/2016 08:39

Finally breaking up for juicy div !

[s34icknote] 03/11/2016 16:34

Buyers coming in for juicy div

[s34icknote] 03/11/2016 14:19

Great divi and contract renewal would be big percentage rise !

[mortimer7] 03/11/2016 10:14

Remember this from their 21st Sept results:-
"Outcome of HMPO contract tender expected by the end of November"

News could drop anytime I guess

[s34icknote] 02/11/2016 09:01

Spread seams all over the place Buying selling at same price ?Opening trade above 19 p Advfn not keeping up !

[s34icknote] 01/11/2016 21:21

For a company making 11 million !

[rickyvader] 01/11/2016 16:09

At today's price dx post dividend (10/11) will be 16.5p . Giving a 32 million value.

[mrphil] 01/11/2016 08:52

Had a few issues doing business with DX. recently but they solved them very efficiently and now enjoy a greater part of our business, so rather than sell my shares I topped up! I just get the impression they are doing the right things, no advice intended, but that's just my personal take on it.

[s34icknote] 29/10/2016 12:37

8 more trading days to 1.5p div

[strummerjon] 27/10/2016 20:23

Not too shabby to get in before the ex.dividend date in a few days time to collect £7535 dividend payment for a £93,425 layout?

[mrbridgeruk] 26/10/2016 19:48

Looked like a sell to me at 18.5.

[s34icknote] 26/10/2016 19:31

505000 share trade at 6.00 am ??Buy or sell ?

[s34icknote] 24/10/2016 19:49

Starting to creep up

[s34icknote] 22/10/2016 09:05

Strange again with spread and closing price .Bigger buy at end than a sell and we Close at sell price Might be just Advfn Any one on a level two system ?

[s34icknote] 21/10/2016 16:18

Starting to move up towards div date !

[davebowler] 21/10/2016 10:04

Zeus;
DX. LN Industrial Transportation

Positive conclusion to the CMA investigation
DX has confirmed that the UK Competition and Market Authority’s (CMA) review in to the acquisition of The Legal Post (Scotland) Limited and First Post Limited is now closed and no further action will be taken. This follows the announcement on the 16th September that the Initial Enforcement Order, put in place on the announcement of the investigation (5th July), had been revoked. The announcement had been perceived as a precursor to today’s positive conclusion and DX had already resumed integration of the acquired assets. Confirmation that no further action will be taken draws a line under the process. Forecasts remain unchanged as the positive impact to FY17 and FY18 numbers had been factored into estimates at the time of the initial acquisition announcement in May and were not changed on the announcement of the CMA investigation. DX potentially offers deep value trading on sub 4x PER, on current year earnings, and yielding 13% with just c. £6m net debt forecast for FY17.
§ Strategic rationale for the acquisitions remains – Legal Post was a direct competitor to DX’s Exchange business in Scotland. Incorporating it into DX’s operations, in combination with First Post’s DSA offering, will derive cost synergies as duplication of routes and exchanges are eliminated. Management has stated that this will lead to £0.6m of cost savings increasing EBITDA to c. £1.2m that equates to an acquisition multiple of less than three times. Forecasts assume just £0.9m increase in FY17.
§ Improving visibility in FY17 – Reassuringly, FY16 (21st September) results were in line with consensus expectations and today’s announcement marks the first positive step in what could prove to be a pivotal year for DX as it rebuilds investor confidence. An announcement regarding the outcome of the tender process on HMPO contract is expected in the coming weeks and a positive outcome for DX would help underpin estimates across the forecast period. In addition, a positive renewal season in the Exchange business in the first four months of 2017 and developments on the proposed new hub would give greater confidence in estimates and highlight the valuation discrepancy in the share price.
§ Valuation – DX offers a prospective yield of c.13% on the 2.5p FY dividend in FY17, c.2x covered by earnings on a balance sheet with just 0.3x net debt to EBITDA. Whilst there remains earnings risk, the current PER of sub 4x appears to be discounting further significant disappointments. A positive announcement on the HMPO contract in the coming weeks would materially improve confidence in the earnings outlook.

[neilyb675] 21/10/2016 08:05

Good news ref Scottish business

[s34icknote] 20/10/2016 14:33

X d soon !!!

[s34icknote] 19/10/2016 07:59

What other retailers do they have ?

[paduardo] 14/10/2016 18:45

I just had a dx delivery from b and q. Delivery was fine, drivers polite etc. The next day though I got a sms from DX stating delivery that day. Not great either from a system or process point of view.

[s34icknote] 14/10/2016 13:58

Just had ikea delivery Well good with two men so I could just organise where to put it allIKEA have just opened in reading Any more store openings ??