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
  +0.125p +1.47% 8.60p 8.50p 8.70p 8.70p 8.15p 8.70p 413,692 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 291.9 -81.2 -40.3 - 17.25

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Date Time Title Posts
11/12/201714:34DX Group - Postal services1,830
28/4/201706:16Menzies merger1

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DateSubject
12/12/2017
08:20
DX Daily Update: DX is listed in the Industrial Transportation sector of the London Stock Exchange with ticker DX.. The last closing price for DX was 8.48p.
DX has a 4 week average price of 8p and a 12 week average price of 6.90p.
The 1 year high share price is 19p while the 1 year low share price is currently 6p.
There are currently 200,525,500 shares in issue and the average daily traded volume is 743,846 shares. The market capitalisation of DX is £17,245,193.
08/12/2017
09:47
fenners66: Ok so share price continues to fall and no one comments. I previously wrote about the cash outflow disregarding all of adjusted numbers says this business is a disaster. Has anyone found any detail on the £160m written off goodwill? The new team want millions of free shares just for doing their jobs - well not even managing that - getting rewarded if the share price reaches 10% of the floatation price ! It seems to be there was a way to justify that after all - watch the share price plummet some more and then if it goes back up a little then hey presto job done ! Seems to me that despite growth in parcel delivery on the back of internet retailing there is overcapacity in this industry - someone has to go to the wall .....
28/11/2017
16:27
fenners66: Well the announcement this morning has done nothing positive for the share price - either the market does not like it or it is an irrelevance and the share price was going down anyway.
28/11/2017
12:03
tuftymatt: The old guard that failed are gone so the new boys want big rewards for moving the share price up. That's understandable from their point of view but for long term holders it will still feel painful even if they reach the targets. LD has made key personal changes already to start the recovery process so I guess time will tell if it works or not. Either way anyone who has rode this for circa 4 years is going to have to hold on for a long time yet before they have a sniff at making a profit imho.
28/11/2017
11:45
ls24: I would imagine the basics enjoyed would be far less than those paid for the failure, that tends to be Dunns' way of running a company. Far better to have hungry 'turnarounders' than comfortable pen pushers. If this team deliver 5x current share price it increase value of the business by tens of millions - I would guarantee whatever they get would be a fraction of that, let alone the value of job security for the employees. Too many BoD's get rewarded well for failure, just look at the banks, success will be rewarded here.
28/11/2017
11:32
skinny: Exactly - nice work if you can get it!! Recovery Awards shall be subject to a Share Price performance measure as follows: 3-4-5 Year Share Price % of Recovery Award that target Vests ----------------------- ---------------------------- Less than 12.5p ------------> 0% ----------------------- ---------------------------- 12.5p ----------------------> 25% ----------------------- ---------------------------- Between 12.5p and Pro-rata on straight-line 50p basis between 25% and 100% ----------------------- ---------------------------- 50p ----------------------------> 100% ----------------------- ----------------------------
12/10/2017
11:59
lombriz: The loan notes do seem overgenerous, and perhaps dangerously so, in the sense that it would not take much to tempt the majority of the existing shareholders to accept a takeover offer of 20p, say. Maybe this possibility is partly what has driven the recent share price rise.
29/9/2017
11:07
fenners66: Stemis its about reading between the lines. They put out the news about Ikea because its the best bit of news they have and they want to shore up the share price. However although it looks good on the face of it the only really good news would be the amount of incremental revenue and they don't tell us that. So being over a barrel its likely they had to extend the range of the contract and reach for a price - which may be that its marginal business - yes it gives the city some confidence that they have a business to build on -but it may add nothing to profit. Remember they could not agree additional bridging funds with HSBC - why not - they will be very close to the cash flow data and make their own assessment. Then the sale and leaseback is often a desperate measure to sort a cash problem - but again damages longer term profitability - none of that is good for shareholders - it may keep the board and employees in a job, but no return for investors.
23/5/2017
20:14
speedsgh: Activist investor rallies peers in threat to block DX Group's mooted deal with rival John Menzies (4/5/17) - HTTP://www.telegraph.co.uk/business/2017/05/04/activist-investor-rallies-peers-threat-block-dx-groups-mooted/ Activist investor Gatemore has said it now has enough support from other shareholders in logistics company DX Group to block its mooted deal with rival John Menzies. Gatemore holds 11pc of the shares in DX but says it now has the public support of 18pc of the shares, including its stake, opposed to the deal and the private backing of an additional 20pc of stakeholders. DX shares have crashed nearly 90pc from November 2015 to the end of March this year, at which point they were suspended due to the company entering talks with Menzies over a potential deal. The announcement about the proposed deal came after Gatemore had already successfully lobbied in March for an emergency meeting with the aim of replacing chairman Bob Holt and non-executive director Paul Murray with four substitutes. But the move was later shelved by the activist in favour of scrutinising whether a proposed reverse takeover with part of John Menzies, announced at the end of March, was worth pursuing. Now though, Gatemore says the reverse merger with Menzies "grossly undervalues" DX and its potential to stage a recovery in profits. “While only 18pc of DX Group shares are represented in this letter, we have spoken with a further 20pc of shareholders who have expressed discontent with this deal,” Gatemore said. "We believe DX has significant value to it but that it must either be unlocked before a deal is consummated or the terms of any deal must reflect the future value of DX." If the deal goes through, DX and Menzies claim there would be between £8m and £12m of cost synergies per year. DX would acquire Menzies Distribution for £60m, enabled by the enlarged entity borrowing money, and issue new shares representing 80pc of its share capital. This means DX shareholders would own 20pc of the enlarged company, with John Menzies shareholders owning at least 75pc and its pension scheme owning up to 5pc of the shares. Gatemore said it only expected 60pc of all shareholders to vote on the proposed deal, meaning the 38pc of support for its opposition would be more than the majority needed for a deal. Gatemore’s managing partner, Liad Meidar, said: “We have a majority of shares that would vote behind us. "We want to make that clear so the company does not waste more time and money prosecuting a deal that won’t happen." Mr Liad said analysts reckoned the DX/Menzies deal as it stands would push shares in DX up to roughly 14p-16p but he thought the group's share price could rise further if DX focused on overhauling its freight business. Bob Holt, chairman of DX, said the company listened to all shareholders and welcomed “constructive engagement”. “The board has the support of key shareholders to progress discussions with John Menzies and we continue to believe that a potential combination of DX with John Menzies’s distribution division offers strong benefits. Of course, all shareholders will have the opportunity to vote on any proposal we put forward.” Mr Holt added the board was working to turn the business’s performance around and add value for shareholders.
23/5/2017
09:58
snowy1111: with the info with have, not much - where would you put DX. share price ?
26/12/2016
10:19
s34icknote: 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 !>
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