Dx (group) Share Discussion Threads

[az4hr] 18/11/2015 09:48

I have bin so stupid buying these 😫😩

[eastbourne1982] 18/11/2015 09:46

Freefall has already been, I've been buying these around the 22p - 24p mark, short term they may trade sideways or even drift lower however medium term it looks a decent risk / reward play, only needs to get to 33p to make a 50% return.

[riyazpatel] 18/11/2015 09:30

Fundamentals still look good so a strong head and it will pay off imo

[prosthetic head] 18/11/2015 08:57

Guess stops at 19p will be triggered today and then could be freefall.

[az4hr] 18/11/2015 08:26

Depressing stuff

[deanroberthunt] 18/11/2015 08:24

UK Mail profit warning and dividend cut....so it's sector wide.

[deanroberthunt] 18/11/2015 07:29

So it looks like we only had 1 II offloading and that caused a nay on 80% share price fall...crikey

[deanroberthunt] 18/11/2015 07:21

still no BOD buying...Quelle Surprise!

I had another look at HSS chart yesterday, it's never recovered from the fall, an is now dropping lower...

[cashmachine2] 17/11/2015 23:11

Pennyfalls.Yes as I stated I have been in touch with DX's Chairman. What I said is correct & accurate but knowing how people trust info/emails or any conversations held between investors and companies, I will allow the announcements to underline what I stated.Its interesting that there's only been one holding RNS since Friday. As stated previously, I believe without any doubt there's a concerted bear raid which was evident this afternoon. The best part of such a "short" raid is the frantic need to close positions, especially as and when positive news lands.

[sharetips6] 17/11/2015 16:13

topinfo/ could not have been a better sell signal could not
tip a hat

[s2014logiser] 17/11/2015 14:46

Foxtrot Oscar loverat - you are a busted flush.

[albanyvillas] 17/11/2015 14:36

Was that Chairman Moo?

[pennyfalls] 17/11/2015 13:52

Hi Cash...
You said earlier: "I've been in contact with the Chairman and considering £130m has been wiped off the company's value, there will be ways that the Board will demonstrate and underline the strength of DX."

Care to eleborate please? Was it an e-mail of telephone conversation, and what was the gist of this 'demonstrating and underlining strenght'?

Cheers PF

(ps DeanRoberthuntyy...still waiting for the intraday bounce to 36p ;o)) haha)

[cashmachine2] 17/11/2015 12:57

From the static share price sitting hovering at 24p there's clearly a buyer in the background and it'll be interesting to see further holding RNS's.We've had just the one yesterday - just waiting for the Chairman and the rest of the BODs and Senior Management to declare purchases.

[onjohn] 17/11/2015 12:37

wonder when the second warning will come? often follows the first soon

[deanroberthunt] 17/11/2015 12:06

needs a catalyst....

[tobytime73] 17/11/2015 12:06

lol nice 1 share

[sharetips6] 17/11/2015 11:16

will do 65jack

[sharetips6] 17/11/2015 11:13

riddler and topinfo what a sell signal that is !

[master rsi] 17/11/2015 10:09

investorschampion.com
DX Group trading update sees the shares tumble: is the sell-off overdone?

The trading update from the parcels, mail and logistics operator, for the financial year to 30 June 2016 has seen the shares more than halve in quick time. Clearly some big holders have had enough! However, the severity of the sell-off suggest some irrational Friday selling may have got the better of them. A bargain on offer or more to fall?

The trading statement confirmed that trading conditions in the new financial year remain challenging, with pricing pressure a significant factor. The DX Exchange operation is experiencing a higher than expected level of volume erosion and there have been increased cost base pressures, mainly arising from driver resourcing issues (where there is an industry wide shortage). In addition, the new business pipeline in the parcels operation, while healthy, is converting more slowly.

Revenues for the first four months are 5.3% down against the prior period and profits will be significantly below current market forecasts, being previously for pre-tax profit of £27.45m and eps of 10.9p. The proposed dividend payout for the full year is now 2.5p per share (from 6.10p) which equates to a yield of a whopping 10% at the now discounted share price, seemingly well covered by earnings, although not necessarily by cash. Debt is also forecast to climb given the proposed investment. Management commented how they are “positioning the business for long term success, creating a more efficient operating structure to support our services under our OneDX programme.” That all sounds reasonable if some short term pain will result in future gain, however Mr Market seems to think it’s all terminal.

House broker Zeus has taken a hatchet to estimates: EBITDA is cut by 42% to £20.0m in FY16 (previously £34.5m) leading to earnings declining by 55% to 4.9p. The dividend is cut to 2.5p (previously 6.2p) and it is forecast that it will remain at this level in both FY17 and FY18. Net debt increases to £26.5m and £40.0m in FY16 and FY17 (previously £18.5m and £40.0m), however, this assumes an investment of c. £37.0m in to the new hub, weighted 60% in FY16. Excluding this investment net debt would be below £10.0m in FY16 falling marginally in FY17. Earnings estimates are therefore forecast to fall over the next 3 years 2016/17/18 to 4.9p, 4.7p and 4.3p respectively Assuming the now lowly 25p share price this puts the shares on a June 2016 multiple of 5.1x rising to 5.8x in 2017. Arden Partners arrived at an even more drastic scenario with revised forecasts: 2016 Revenues £301m to £288m, PBT £27.9m to £9.9m, EPS 10.7p to 3.9p DPS 6.1p to 2.5p

For those after a ‘possible’ 10% yield who are happy to wait a few years for growth to reappear, it could an interesting one.

[master rsi] 17/11/2015 09:59

Slowly the buys are taking over and with that the bounce back will come

an earlier trade paying premium fror 80K as offer was 24p

09:22:20
24.0842p
80,000K

[paul the octopus] 17/11/2015 09:36

toby, they were also in yesterday at 25p just to see it touch 27p then all way down to 20.50p.do you feel pumped up? got a math question for you over OEX