Dx (group) Share Discussion Threads

[qs99] 31/7/2023 13:50

Thanks SPhere....value will out, this looks just odd value and have been mopping up for quite a while now....will await breakout above 50p before I work out whether to trim holdings....DYOR

[everton448] 31/7/2023 12:25

Chunky volume today

[stemis] 24/7/2023 19:35

And there you have it. Anchoring is one of the characteristics of PIs (I don't exclude myself). There'll still be shareholders who bought at higher prices (up to 37p) prior to the suspension, who thought they were going to lose their money and just want it back. As soon as the price rises to what they paid they're going to grab it with both hands. It no longer matters to them whether DX is cheap or anything. It'll be heavy going up to 37p but once they are out it should hopefully motor...

[janekane] 24/7/2023 19:05

Wonderful Midas gave a lot of us the opportunity to break even this morning or as I did a small profit
Thankyou

[qs99] 24/7/2023 16:32

haha, indeed! Midas didn't generate more than 400k buys out of all that lot!

[everton448] 24/7/2023 09:21

Looking at the trades you would be forgiven for thinking Midas had said sell!

[qs99] 24/7/2023 08:04

Lovely job, getting their IR team motoring, bodes well IMO for the future as well.

DYOR, let's get this share moving! Finally!

[se81] 23/7/2023 08:08

Midas tip…

[aishah] 18/7/2023 13:58

Nice yield, low p/e and good cash pile (earning decent interest) which is 20% of mkt cap! Finncap forecast eps of 3.8p fy 6/2023, and 4.3p fy 6/2024 for a p/e of 7.4x and approx 5% yield. DX. has definitely moved on from troubles of the past.

[everton448] 18/7/2023 11:50

I fear this will now just drift back into the mid 20s, given that there is no likely imminent positive news flow, and the positive news flow that we have enjoyed seems to have had little real impact.

[molatovkid] 18/7/2023 11:39

Be nice to get some degree of an uptrend starting. Now management arent fire-fighting anymore, they can get on with growing the business.

[this_is_me] 18/7/2023 09:19

That is how we make money in the long term - by being able to buy shares that are seriously undervalued by others, particularly institutions.

[qs99] 18/7/2023 09:17

Share buyback would help hoover up loose stock but I’d prefer a big divi tbh and it’s net cash is increasing nicely DYOR

[everton448] 18/7/2023 09:10

This is going to end up down today isn't it... So much for my share price forecasting powers of last week!

[nigelpm] 18/7/2023 08:15

Share buyback?

[stemis] 18/7/2023 08:13

If the market is going to refuse to value DX. at any sort of reasonable level (even say 10 x cash adjusted earnings, which would be 44p) then the board need to consider other ways of achieving it, like a trade sale.

[stemis] 18/7/2023 08:10

At 33p, DX fully diluted market cap is £211.3m. With cash at £37.6m and adjusted earnings of £24.2m, that's a forecast cash adjusted P/E of 7.2

[markie7] 18/7/2023 08:09

Ok 32.5p is a year high. Going to have to be patient here and get analysts focussing properly on 2024 and the tuffnells upside, alongside dividend track record being reestablished

[stemis] 18/7/2023 07:58

Sales at £470m are £4.9m head of FinnCap forecast and cash at £37.6m is £3.3m ahead. Whilst it's understandable DX's reluctant to over promise, I don't see why profit shouldn't beat FinnCap's forecast adjusted earnings of £23.6m (which I now see anyway has been upgraded marginally to £24.2m).

The additional Tuffnell's work secured to date of £35m should provide additional impetus to next year.

[molatovkid] 18/7/2023 07:43

Looking very solid. Good to see a number put on the Tuffnell clients too.

[this_is_me] 18/7/2023 07:42

Good steady progress, plenty of cash in these higher interest times. Picking up a few Tuffnells depots will allow faster expansion, with less competition, into those areas.

We can expect reasonable dividends in future.

[se81] 18/7/2023 07:38

Some very impressive cash metrics…

[paulisi] 18/7/2023 07:24

Nice trading update - should see a bump on the back of this.

[everton448] 18/7/2023 07:20

All very positive. A well run business that seems to deliver what it promises