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DX. Dx (group) Plc

47.40
0.00 (0.00%)
23 May 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 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Dx (group) Share Discussion Threads

Showing 3276 to 3298 of 3700 messages
Chat Pages: Latest  136  135  134  133  132  131  130  129  128  127  126  125  Older
DateSubjectAuthorDiscuss
10/6/2023
00:40
The way TPE was managed after the sale was a text book what not to do, my old man always taught the dangers of arrogance but feel so sorry for staff left without a job
ls24
10/6/2023
00:37
Anyone carrying awkward freight will have a field day because volume will hugely outstrip supply for quite a while. Put rates up would be my advice and control volume - realistically this could easily double DX profits and pallet networks and XDP will also benefit
ls24
09/6/2023
20:17
I agree, SteMiS. May be it's time to bring Lloyd back into the fold. As CEO of Tuffnells, he was instrumental in turning it around. We will never be privy to the facts, but I suspect he was sacrificed as a scape-goat for all the brouhaha last year.
richdm1
09/6/2023
19:45
I can't believe DX. won't have considered acquiring them, either directly or out of administration. It's a business many of them will know well, have previously been employed there. DX have the cash to do a deal if they wanted.
stemis
09/6/2023
19:36
Classic capitalism - share price feeding off the carcass of another.
nigelpm
09/6/2023
19:01
Quote from Daily Telegraph, about 40 mins ago:

Tuffnells is understood to have told its 2,300-strong workforce to go home on Friday afternoon as it prepares for administration.

'All drivers were called back to their depots on Friday and a national meeting of staff has been scheduled for Monday at 12pm, with the expectation that an administration will be formally announced.'

Some client base to pick up there!

richdm1
09/6/2023
18:27
I think Tuffnells has been struggling a while. It was sold by Connect Group to a management team for just £15m payable over 3 years with Connect providing them with a £10.5m loan to support it's 'turnaround'. Almost giving it away.

hxxps://www.insidermedia.com/news/national/connect-group-to-sell-tuffnells-in-15m-deal

Not sure what would be better, to acquire them or let them go bust. Turnover was £178m in y/e Dec 2021. In their holding company accounts they noted an expected loss for 2022, that the directors have instituted a profit recovery plan and expect to return to profit in 2023. The best intentions...

£178m would be a lot to take on, even for DX. with £450m of turnover but would be a quantum leap in size. I guess they could gradually transfer it into their existing network. If they could make the same margin (~15%), then it could double DX.'s profits. That would certainly do something for the share price.

All speculation though...

stemis
09/6/2023
17:12
Hearing rumours of Tuffnells struggles
mgmg1
09/6/2023
16:44
A sudden stream of relatively modest purchases after around 2:30. Looks like either a tip or news of something has leaked out. Can't see anything on twitter.
stemis
09/6/2023
16:01
Wonder if there will be news at the weekend? DYOR
qs99
09/6/2023
15:30
Agree with sentiments here. This looks cheap.
aishah
09/6/2023
15:13
Defo

value will out in the end as they say DYOR

qs99
09/6/2023
15:13
no stock around at all, can't even buy £250 worth via HL
markie7
09/6/2023
15:13
Should get back over 30p.
its the oxman
09/6/2023
15:10
Let's remind ourselves:

Interims

£231m revenues
£25.5m EBIDA
£36m net cash

Market cap c.£160m so say £120m after cash and double half year EBITDA and we are on 2.5X EV/EBITDA...a bit rough and ready but you get the drift and DYOR!

And we have yield and nearing end of capex programme?

DYOR

qs99
09/6/2023
15:01
i've bought a few helping soak a few of the stock that is around up! But no not sure it has been tipped, trading update was in July last year, and IMO, now claim settled, this should be valued on fundamentals, which are IMO dirt cheap on EV/EBITDA basis! DYOR
qs99
09/6/2023
14:50
A flurry of buys - has it been tipped somewhere?
everton448
09/6/2023
14:32
Have bought a few more ahead of the next update. Valuation IMO just looks wrong. DYOR
qs99
07/6/2023
13:53
The matter is ended. Sorry if that's a disappointment for you...
stemis
07/6/2023
09:12
As was widely discussed, a small settlement, the avoidance of expensive court time, avoided Bonus !
my retirement fund
07/6/2023
08:39
As I said in February

"my expectation is that this will be settled out of court with a non material payment by DX. and confidentiality agreement.

That the previous auditors caused so much trouble over this is scandalous

stemis
07/6/2023
08:19
Change the bedsheets pal
mjb252
07/6/2023
07:40
It caused a lot of disruption for management which can't have helped DX in the short term.

This confidential settlement, which is without any admission of liability, brings the claim to a satisfactory conclusion for all parties. It has no impact on the Company's expectations for its financial year ending 1 July 2023 or thereafter.

this_is_me
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