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DX. Dx (group) Plc

47.40
0.00 (0.00%)
28 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dx (group) Plc 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
  0.00 0.00% 47.40 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Dx (group) Share Discussion Threads

Showing 2726 to 2748 of 3700 messages
Chat Pages: Latest  112  111  110  109  108  107  106  105  104  103  102  101  Older
DateSubjectAuthorDiscuss
17/5/2022
18:06
I've got good information...The company is doing very well ...Ball park guess 1 million a month. All good But imo a MBO will be the solution.
amaretto1
17/5/2022
17:52
We don't know yet.
ned
17/5/2022
13:12
ok spill the beanz Mr M - what's your supposition? George Soros, Elders of Zion or something else?
swiss paul
17/5/2022
08:00
Dream on ls....I think there is a more underhand plan at work.
molatovkid
15/5/2022
10:12
We don’t need a new board, look at the previous one !! This company is moving forward due to its leaders at the coal face, last thing you need is a board of paper shufflers choking things up. That’s why I believe they are better suited to being delisted via an MBO at circa 45-50p
ls24
15/5/2022
08:28
De-listing merely means it is a private company

The company has said it is trading well so IMO this comes down to whatever that corporate gov issue was and fact that the can't find auditors to do this in time, which is odd, but other Plcs have also struggled but at least bloody achieved audits in time, so this to me just looks like incompetence. hope I'm right!

I doubt the AIM peeps will change their rules to suit them, they may give them an extension due to COVID maybe which would be amazing, say for another 6 months to allow them to appoint auditor and have them do their work

We need a new board come what may!

DYOR

qs99
15/5/2022
07:00
Sydney based purchased shares offshore.
Not a lot of info available through Bank portal.
Is DX Group financially viable?
What obligations does management have to update especially getting closer to the delisting?
If de listed do shareholders lose their money ?
If so would a Class Action be likely ?

mdm8
11/5/2022
16:22
From what the company have said, it's the NEDs that resigned who were the problem. As for the rest of the post, hindsight's a wonderful thing.
lombriz
11/5/2022
15:39
Now now tetchy.

The NEDs with concerns who were not listened to have resigned, along with the auditor. No doubt all helping the regulator with their enquiries. No-one left who might be considered independent, no-one representing the private investor.

Whether it is the execs or the non-execs who are at the heart of the governance issues which the auditor wondered might constitute criminal conduct, the handling of the board, the failure to resolve long overdue issues, the spill over in to the public domain, the suspension etc all point towards the chairman Ron Series unable to do his job. He was credited with leading the turnaround, selling the plan to backers, bringing in the exec team, the same folks who "turned around" Tuffnells before selling to Connect what turned out to be something which they could not integrate profitably. Maybe his chief executive who has built an even larger stake than the chairman's might be difficult to manage, more than a whiff of something dysfunctional about the situation, maybe a Trump-esque refusal by one or more strong characters to be bound by the rules of public listed companies or without regard for the old-fashioned conventions of truth, honesty and integrity. One or more of the people left in the boardroom must be in danger of being found unfit to act as company director, who knows which.

Do not expect any of them to be any help.

The addition of Meidar to the board representing the major holding by Gatemore was rather late. It did not help the idea that he might represent external interests when the first thing he did was allow his name to be added to an rns expressing full confidence in the company.

Why keep clutching at the positive idea that the company is in good underlying financial shape, encouraging hope in a hopeless cause, never admit that the warning signs were there for private investors to cut and run, never admit you were wrong to ignore all that and still see positive reasons to remain invested or top up, indeed that you are right in your interpretation and everyone else is wrong, you know best, keep defending your own and the company's indefensible conduct.

marktime1231
10/5/2022
22:18
If we do delist, any shareholder losses due to delisting can clearly be traced back to mismanagement, as conveniently evidenced by the Grant Thornton resignation letter, to which there has been no substantive rebuttal, and the inability to appoint a replacement auditor in over 3 months.
I can therefore see one or more of the IIs taking legal action against the BOD for causing shareholder losses through mismanagement. All the more reason for the BOD to pull their finger out!

lombriz
10/5/2022
21:38
Series was brought in as part of the new management turnaround team, back in Oct 2017, which was backed by Malborough Special Sit Fund (currently holds 18.5% as far as I know) and Gatemore (currently holds 24.3% according to last RNS). Together with the management team, that would amount to about 54-55% of the shares. Series has 2.4m shares, worth around £700k at suspension.

Edit: Gatemore have their own non exec in there, Liad Meidar, appointed Dec 2021 (3 weeks before the suspension).
The other non exec, Russell Black (ex CEO Nighfreight), also was appointed as part of turnaround team.

stemis
10/5/2022
20:15
One of my key tasks is to ensure the Group maintains high standards of corporate governance.

Ronald Series, Chairman

my retirement fund
10/5/2022
20:08
How hard is it to look on the website?

hxxps://investors.dxdelivery.com/websites/dxgroup/English/2020/board-of-directors.html

stemis
10/5/2022
19:04
Who are the NEDs and WTF are they doing about this?
swiss paul
10/5/2022
10:26
Too often shareholders just sit back and watch it happen....
fenners66
10/5/2022
10:25
Any shareholder should flag this up to their MP in writing now, in case it does a cheap MBO. No doubt each MP will say there is nothing they can do, it might be legal.
But if they were warned in advance and did nothing - when it is patently immoral and may become a breach of duty then surely there will be more pressure to act later....

fenners66
10/5/2022
10:08
Great, worthwhile contacting them as well!
qs99
10/5/2022
10:06
imo they are lining up for a cheap MBO ..... I'm convinced of this ! Old school hauliers are pirates
amaretto1
10/5/2022
10:02
2 shareholder groups that might be add some representation for the smaller shareholders.
molatovkid
10/5/2022
09:54
Hi Molatovkid

well done you, yes please!

1 why are the board not fulfilling their fiduciary duties to all shareholders by arguing amongst themselves (based on that RNS) as to who should be auditor?

2 when will the Board & Audit Committee membership be voted on by shareholders so we can get people on board who can lead this company forward?

3 why is there still no clarity on what this "corporate governance" issue is? Shareholders have not had a chance to assess with full information what this was all about. They were reassured it was nothing to do with the financials, so many have stayed in despite the suspension, but the incompetence now means these shareholders are faced with losing the listing and therefore the liquidity

4 can the board assure shareholders they are not looking to do an MBO or pick this business up on the cheap through this scurrilous behaviour?

5 when will the board provide more detailed oversight?


hope that helps start the letter anyway!

qs99
10/5/2022
09:45
Here are the largest shareholders in DX plc.

It is my intention to write to those shareholders outside of DX plc with my concerns.
If you have any comments you wish to make then please post them here.

molatovkid
10/5/2022
09:32
So, the company are saying they have been in contact with other auditors. Have they?

They should at the very least provide dates when they approached other auditors. Who & when?

I'm thinking the board want this pie to themselves.

molatovkid
10/5/2022
09:06
"SteMiS
10 May '22 - 08:38 - 2736 of 2738
Well at least
The Group's trading performance and financial position since 1 January 2022 have remained in line with the Board's expectations."

But what are the board's expectations worth?
The same BOD that had expectations of having a set of accounts audited and published on time?
Or were the BOD expectation, that no one would sign off (or indeed audit) those accounts and they would lose the aim listing ?

fenners66
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