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DX. Dx (group) Plc

47.40
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Dx (group) Investors - DX.

Dx (group) Investors - DX.

Share Name Share Symbol Market Stock Type
Dx (group) Plc DX. London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 47.40 01:00:00
Open Price Low Price High Price Close Price Previous Close
47.40
more quote information »
Industry Sector
INDUSTRIAL TRANSPORTATION

Top Investor Posts

Top Posts
Posted at 29/12/2023 09:11 by everton448
Thank you re the SD. I suppose I expect the ambitions of a hedge fund to be greater than a 1% return over three months. They are meant to be more ruthless in their pursuit of capital appreciation than private investors!
Posted at 26/10/2023 15:27 by katsy
Seems strange that nobody is willing to take what for me seems to be a low risk punt to make 13-14 percent returns on this. Management are happy with the offer, HIG are getting this on the cheap. Yet either investors don't believe it or they think 13-14 percent is not worth it.
Posted at 13/9/2023 22:04 by mrnumpty
Correction . Should have been “ the upside from 43.5p to HIG’s offer price of 48.5p is only 11.5p “ . Isn’t it so strange that serious investors are now buying DX , without the share price moving up appropriately ?
Posted at 13/9/2023 21:08 by mrnumpty
Although one always has to be sceptical about the data provided by LSE about share transactions , there is a huge disparity between the volume of DX shares bought today , as reported by LSE ( 659,845 shares ) and the last seven transactions , all apparently ‘ buys ‘ ( all at 43.5 p ) , with these seven purchases , of 250,000 to 500,000 shares , cumulatively amounting to 2,850,000 shares . If this is correct , then some serious investors are buying in to DX , and yet the upside from 42.5p to HIG’s offer price of 48.5p is only 11.5% . Could it be that not only do these major investors think that HIG will carry out its takeover , but that they also think that there could be a counter-offer with a higher price ? Any thoughts ?
Posted at 12/6/2023 12:03 by melloteam
FREE VIRTUAL EVENT TONIGHT, MONDAY 12TH JUNE AT 5PM

Just to let shareholders and prospective investors know that DX Group (DX) will be discussed on MelloMonday BASH (Buy, Avoid, Hold, Sell) tonight. For the full programme, please see below

5.00 pm Mello welcome followed by Keynote Interview
5.30 pm Company presentation from Thor Explorations
6.00 pm Damian Cannon presents his Tommy charity pledge
6.05 pm Mello BASH with Damian Cannon & Mark Simpson featuring DX Group (DX.) and Gaming Realms (GMR)

For more information, click here:

To join for free, register for the webinar here:
Posted at 11/5/2023 11:01 by macc1
Here's a recording from a recent investor webinar:

hxxps://www.fmp-live.co.uk/events/dx-group-aim-iht-webinar
Posted at 16/3/2023 09:51 by this_is_me
From:

DX (Group) (LON:DX.) – Continued Growth But Shares At Half Value
The news that this delivery group is continuing to grow should help investors start to see that its shares are really quite undervalued.

The £176m company has carried on opening new depots as part of its £25m ongoing investment programme – the latest being at Bracknell and at Swindon.

CEO Paul Ibbetson stated that:

“These new depots support DX Express’s continuing growth, and in particular Parcels’ expansion. Our Parcels activity has grown significantly in the last two years, and these new depots will increase capacity, improve efficiency and enhance the division’s customer service levels. We will be opening additional new depots over the remainder of the current financial year.”

The company is a provider of a wide range of delivery services to both business and residential addresses across the UK and Ireland.

It was first established in 1975 as a Document Exchange service to the legal sector, today it now provides one of the widest ranges of overnight delivery services in the market, as well as logistics services.

Items that DX transports range from confidential documents and valuable packages to large, awkward-to-handle freight, unsuitable for automated conveyor.

The Group operates through two divisions, DX Freight and DX Express.

DX Freight comprises DX 1-Man, and Logistics/2-Man, with the division being only one of a small number of operators that provides an overnight delivery service for irregular dimension and weight freight.

DX Express comprises DX Parcels and DX Exchange and Mail, with the division specialising in the express delivery, including pre-9am, of parcels and documents.

Analyst Guy Hewett at brokers finnCap has a price objective of 57p on the shares, now 28.5p.

He estimates that the current year to end June should see revenues rise to £465.1m (£428.2m), while adjusted pre-tax profits could rise to £25.4m (£20.6m), generating earnings of 3.7p (2.8p) per share and enabling a 1.5p dividend payment.

For the coming year he goes for £484.1m sales, £29.9m profits, 4.2p earnings and a 1.7p dividend.

These shares look cheap trading on a current year 7.7 times pe and just 6.8 times prospective.

They should make an excellent addition to any portfolio, I see the shares rising to at least 40p soon.
Posted at 07/3/2023 09:33 by qs99
No read across in my view.

Maybe some investors will switch out and into DX!

DYOR and great to be on the offer at 32p
Posted at 28/2/2023 10:48 by stemis
Now that the interims are out of the way, the company has a new Chairman and CEO and a decent story to tell, I hope they are being introduced to new institutional investors by their brokers. If a decent institution can mop up loose holders (which there are bound to be after the suspension et al) then any buying by PI's will move the price upwards rather than just satisfying the sellers.
Posted at 12/2/2023 07:22 by simon gordon
Sunday Times - 12/2/23:

£50 bribes and a man named ‘Pat’: Corporate spying row erupts at DX Group

A traffic clerk at a London warehouse was asked to leak confidential corporate information to a rival in exchange for a £50 payment from a delivery driver, according to an extraordinary corporate espionage claim lodged in the High Court.

In the claim filed last week, Sheffield-based logistics firm Tuffnells alleged that DX Group employees Tom Middlewood, Jim Sinden and Joe Trappitt — all former employees of Tuffnells — conspired to obtain daily customer service reports.
Tuffnells, which started out in 1914 delivering business packages by horse and cart, claims that on October 7, 2020, Middlewood phoned Katie Bush, a former colleague who worked at Tuffnells’ depot in Belvedere, southeast London, and asked her to find a quiet spot out of earshot of her colleagues.

Middlewood called back six minutes later and asked Bush to begin providing Tuffnells’ confidential data in exchange for a weekly fee of £50, to be paid by “Pat”, a delivery driver who would be waiting “round the corner”.

But Bush took the call alongside her manager Chay Kinslow, Tuffnells claims.
Two days later, at the urging of Tuffnells, Bush called Middlewood to find out more, this time recording the call. Sinden picked up and explained the plan.

DX, a £176 million Aim-listed logistics group that works with retailers including B&Q, suspended Middlewood and Sinden that month, only to reinstate them within weeks, Tuffnells claims. It alleges that Middlewood was even promoted a year after the allegations were reported to the firm. The defendants’ social media profiles indicate that they work at DX.

Tuffnells also claims that between January 2017 and the dates they left Tuffnells, at least one of the defendants leaked confidential information to DX, which made or arranged payments to be made to them. Tuffnells is seeking damages and demanding DX account for all profits arising from its use of confidential data.

A spokeswoman for DX said it would respond to the claim in due course.

Last September, as part of a subsequent corporate governance investigation, DX confirmed it had uncovered evidence that confidential information was obtained and an “isolated̶1; offer of payment had been made by employees. The company’s board said insufficient disciplinary action was taken. Chief executive Lloyd Dunn stepped down ahead of the findings being released.

The decision, by DX chairman Ron Series, to reopen the investigation drew scorn from activist investor Gatemore Capital, the firm’s largest shareholder, which deemed it unnecessary. Series was replaced by Gatemore’s choice, Mark Hammond, in November.

Grant Thornton resigned as DX’s auditor early last year, citing concerns that the company had breached the law. This led to DX’s shares being suspended after it failed to file its annual report on time. The shares began trading again in October.

DX said Grant Thornton’s reasoning did not accurately reflect the situation.

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