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
  +0.30p +3.16% 9.80p 9.65p 9.90p 9.80p 9.79p 9.80p 261,330 13:02:36
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 291.9 -81.2 -40.3 - 19.65

DX Share Discussion Threads

Showing 1801 to 1825 of 1825 messages
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DateSubjectAuthorDiscuss
15/11/2017
13:21
DX's Annual General Meeting will be held on 8 December 2017 at 10.00am at Ditton Park, Riding Court Road, Datchet, Slough, SL3 9GL. 
pally12
06/11/2017
18:23
Think its put in what you can afford to lose, if it comes off you will be looking at 60p+
ls24
06/11/2017
16:50
Reminds me of ALM.
freddie ferret
05/11/2017
12:33
Avoid. Is a sector dog. Try clipper?
r ball
05/11/2017
11:45
Tennis elbow, DX and Tuffnells operate trucks. Majority of drivers are employed, you can't work driving taxis all night and take 4 hours kip and drive a 7.5 T multi drop. I would imagine DX would be a winner in this as competing with poorly regulated self employed couriers when you have a tacho in the cab is unfair, unjust and simply wrong. I always wonder what insurance the old bird delivering with kids in the car at night has
ls24
04/11/2017
12:23
All parcel and couriers will be hit by the RI35 rules many will go bust
tenniselbow
23/10/2017
16:16
Seems the shorters are starting to burn. In terms of T/O this is still a very large business. All to play for.
freddie ferret
21/10/2017
19:59
This is about getting people in who understand the market freight operates in. A management team covered in City Link failure was never going to make Freight work, there is a huge opportunity for a carrier to take the mixed freight market and raise the share price considerably, Dunn ran a SMT who were hands on at Tuffnells which is essential in this sector, something Connect are finding out imo I expect huge changes for the better together with charging the right rate for the job especially when delivery resource is at a premium - top line is vanity, sanity will be restored. The comments above regarding metapak and the market being able to absorb this capacity are obviously written by someone not familiar with the IDW market and the unique opportunities to strengthen share price due to lack of competition. When you have a unique product you should not be using resellers and diluting margin - DX will grasp that soon
ls24
20/10/2017
21:38
Get out while you can, offset losses against CGT, this will fry
fozzyb
20/10/2017
21:37
This will be bust, it's only a matter of when now...any whiff of clients leaving, immediate domino effect.Most companies are courier agnostic and software like metapack et. Al facilitate this easily so when it topples it will be very quick and the business ported to others. Existing Industry capacity easily can mop this up. Not worth a bid, let it fail and pick over the bones
fozzyb
20/10/2017
09:29
I just read the draft of these accounts and the previous years published accounts and they have written off £160m of goodwill . However this seems to have been completely glossed over - I cannot find a note as to what had been capitalised as Goodwill that needed writing off. Ok they go into detail about charitable givings for instance - but they write off £160m over 2 years without saying what it was for !! And some believe that the "New management " will be an improvement ? The largest item in each of the last 2 years in the accounts barely gets a mention - if anyone has found that I missed the detail - please enlighten me !!
fenners66
20/10/2017
09:09
Costs incurred as a result of senior management departures amounted to GBP1.0 million. You Failed - here's £1m Failed? Really looks better than success to me !
fenners66
20/10/2017
09:08
They added £2.8m to exceptionals for property dilapidation costs in respect of leasehold properties that we have vacated or where there is a possible exit within two years. Why is that exceptional? Hello ! You use assets they depreciate. So you are getting rid of them maybe (!) in the next 2 years? More spin. Add £2.8m to underlying costs for me.
fenners66
20/10/2017
09:04
Don't you just love quality management who can come up with such great investments as "Impairment charges also include a GBP2.0 million impairment charge to the Group's non-controlling interest in associate Gnewt Cargo Limited ("Gnewt"). This followed a period of challenging trading for Gnewt and subsequent to the year end on 31 August 2017 the Group disposed of its interest in Gnewt for GBP1. " So a 99.999999 % LOSS even investing in these shares has not equalled that level of under performance
fenners66
20/10/2017
08:21
Shorts not happy today then.
wskill
20/10/2017
07:29
Yeah I agree that when you cut through the spin this looks like a disaster. Trying to pump it up with "out with the old and in with the new" just won't cut it as the business is in a right mess. Talk about a lack of qualified drivers is rubbish as if the business invested in it's core staff it wouldn't have a problem. Too much time in the past wasted on the ivory tower rather than on those that manage the day to day operation always ends up hurting companies such as this.
tuftymatt
20/10/2017
07:18
"There was a cash outflow from operating activities in the year of GBP2.0 million (2016: inflow of GBP10.7 million)" So when you ignore all the adjusted this and adjusted that . the core business was costing £2.0m a year to run, So this cannot pay its debt. The rest of it loads of spin. But they cannot hide the fact that it was a disaster.
fenners66
20/10/2017
06:09
Board Changes DX, the independent parcels, mail and logistics operator, is pleased to confirm that the proposed changes to the composition of its Board of Directors, as reported on 9 October 2017, have come into effect. Ron Series has assumed the role of Chairman from Bob Holt, who is retiring from the Company. Lloyd Dunn, who became Chief Executive Officer in a non-Board capacity on 9 October, now joins the Board, and Russell Black and Paul Goodson both join the Board as Non-executive Directors. Paul Murray is retiring as a Non-executive Director although will remain with the Company in a consultancy role over a three month period. Ian Gray continues in his role as a Non-executive Director until the Company's AGM in 2018.
skinny
20/10/2017
06:08
Preliminary Results FINANCIAL · Revenue of £291.9m (2016: £287.9m) · EBITDA1 of £7.2m (2016: £18.0m) · Adjusted2 profit before tax and exceptional items of £nil (2016: £11.5m) · Exceptional (non-recurring) items of £80.7m (2016: £92.1 million) - includes goodwill impairment of £72.4m (2016: £88.4m) and other one-off items relating principally to property dilapidation provisions, restructuring and professional costs, and senior management departures · Reported loss before tax of £82.3m (2016: £82.7m) · Adjusted2 EPS of 0.1p (2016: 4.9p) / Reported loss per share of 40.3p (2016: LPS of 42.1p) · Debt (net of cash) at 30 June 2017 of £19.1m (2016: £9.8m) · New financing agreement - see below 1 Earnings before interest, depreciation, amortisation and exceptional items 2 Adjusted profit before tax and adjusted EPS exclude amortisation of 'other intangibles' and exceptional items. OPERATIONAL · Focus on addressing operational and financial underperformance with a wide-ranging review of the Group's operations · Attrition at DX Exchange declined year-on-year and was within expected levels · Overall new business was 20% higher year-on-year o major new contracts signed with Avon and IKEA3 · Successfully retained contract with the Home Office · Industry wide shortage of CPC-qualified drivers remains a pressure o mitigating initiatives continue 3 Additional IKEA revenue was won in the year and a major new contract was signed in September 2017 POST PERIOD · New leadership team appointed - Ron Series as Chairman and Lloyd Dunn as CEO o Russell Black and Paul Goodson join as Non-executive Directors o all Board changes take effect from 19 October 2017 · New financing provides for a fundraising of £24 million (gross) via secured Loan Notes, with conversion rights, subject to shareholder approval o supported by investors, including Gatemore Capital and Hargreave Hale, and the new leadership team o net proceeds will be used to address a working capital shortfall, capital expenditure and restructuring costs · Firm foundations are in place for the Group's turnaround
skinny
12/10/2017
11:59
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.
lombriz
12/10/2017
11:36
Like most businesses contracts and new business agreements are often made with people you know and trust. The new management are well known and have a good relationship with other decision makers who require their service. I expect them to get new business and grow this company and control costs. The investment made but various parties will be worth a lot more in the medium to long term and I expect this to be sold at some point.
reallyrich
12/10/2017
11:08
To who wskill?
tuftymatt
12/10/2017
07:32
When it has been overhauled by new management I am sure it will be sold.
wskill
12/10/2017
07:26
I think that's probably true but this is a recovery not a yield play...
stemis
12/10/2017
06:13
The bondholders will control the company. There will be no dividend payments over the period that the convertibles are outstanding.
effortless cool
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