Dx (group) Share Discussion Threads

[wallywoo] 07/6/2023 07:26

Significant news today draws a line under the legal claim with no big financial hit.The share price in Feb 23 was over 30p before the legal case was announced. Let's hope we get back there soon.

[stemis] 05/6/2023 10:01

We should get a trading update in early July

[wallywoo] 05/6/2023 08:48

This drop has attracted me back in. Bgt a few at 24.6p. Last sold out at 28p.


To me, the main criticism here is that mgt use the shares as a personal way for them to get rich (ie loads of free share options). The legal case was always likely, and is no doubt another reason why this is a bargain.


However, this is seriously cheap again for the progress and growth they have achieved. Dividends are good and cash is flowing in and adding to an already healthy balance sheet. Easily worth 30p+. A good amount of takeover activity in this sector means there's always a chance of a bid emerging.

[everton448] 05/6/2023 08:23

Looks like another down day here. Hard to see how low this goes. Dyor

[hughq] 03/6/2023 17:26

Cmon lads, all the KpI’s are up and we’ve drop 20% in shares value, someone must know something.

[stemis] 02/6/2023 16:43

In the current environment it's hard to know. Lots of profitable, growing companies, without debt and paying decent dividends, getting sold down for no real reason. Look at a company like Sureserve. Got sold down to 70p, recovered to 90p, then is being taken out at 120p on an ebitda mutiple of only 6.2.

[everton448] 02/6/2023 15:26

Any rise gets sold into. Pretty unloved at the moment.

[qs99] 02/6/2023 13:05

Graph looks v. unpleasant

any views?

[mjb252] 18/5/2023 17:21

Agreed. Considering the insatiable growth appetite of DX along with good signs that it's always going to be plugged by ever growing demand for its delivery services means I'm quietly confident that this will be a steady grower when general sentiment improves. Quiet as mouse this board mind - not a bad thing tbh

[stemis] 18/5/2023 08:55

Good to see someone picking up a large holding and mopping up some of the loose shares in the market

[everton448] 11/5/2023 11:45

Thanks for this - they sound very confident!

[macc1] 11/5/2023 11:01

Here's a recording from a recent investor webinar:

hxxps://www.fmp-live.co.uk/events/dx-group-aim-iht-webinar

[fenners66] 02/5/2023 11:58

fenners66
26 Oct '22 - 15:30 - 2977 of 3278

"...I think there may well be a short term jump in the share price - was that it so far?
But looking deeper at the fundamentals I don't see the sparkling case for growth ."

Well the share price certainly peaked a lot higher - but it's now back to where it was then.
Vagaries of the market , or the froth taken off and a look ahead ?

Markets go up and down all the time, maybe this has nothing to do with fundamentals - I accept that - but equally I am not surprised to see DX back at this level.

Maybe the game would be come back at 21p ?

[everton448] 02/5/2023 08:26

And very few buyers - a constant stream of sellers every day. Looks set to go lower still today

[everton448] 02/5/2023 08:24

Yes QS - down every day and back where we were in 2020...

[qs99] 02/5/2023 08:03

A real drift at the moment....

[stemis] 06/4/2023 13:19

I have to say I'm a big fan of DX. but awarding the CEO 2m share options at an exercise price of 1p when full vesting occurs at 40p (so an £800k benefit) is hardly a stretch target. It's not like he isn't paid...

[oshy92] 06/4/2023 08:24

Morning. Hosting an AIM/ IHT webinar Thursday 20th April from 12.30pm featuring DX Group, Microlise and Hercules Site Servs. To register go to

hxxps://us02web.zoom.us/webinar/register/2416807656566/WN_HVdk9ql9Q2OuMG_l1tCIvQ

[markie7] 29/3/2023 18:59

A lot of volume today

[qs99] 27/3/2023 07:22

Nice NR update....new depots/capacity DYOR

[this_is_me] 16/3/2023 09:51

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.

[qs99] 14/3/2023 16:04

Need to wait now for new news thought tbf....

[simmsc] 14/3/2023 08:48

That's the best time to buy. Leverage off other people's emotions (fear in this case).

[stemis] 14/3/2023 08:43

At the moment the price is being driven, like lots of other small/mid caps, by panicky PIs losing their nerves in the face of general market falls.