Dx (group) Share Discussion Threads

[markie7] 11/9/2023 15:38

sounds about right. but no reason why it would stay at 36p if this deal was to fall over.

board recommendation is the key thing.

[qs99] 11/9/2023 15:38

not sure "market" is saying anything at the moment as this will always IMO provide loose sellers an opportunity, give it this week to see how the pricing unfolds IMO....DYOR

[everton448] 11/9/2023 15:30

Well the market does not seem confident this will happen. Looks even money - six pence upside to six pence (or more) downside

[qs99] 11/9/2023 14:52

Maybe nearer a market cap of £300m....given the cash, future cash flow, elimination of dividend, market listing savings, Tuffnells upside etc etc....that's my view,....so nearer 60p DYOR

[se81] 11/9/2023 14:45

yes QS99- must be many potential suitors....

price a tad stingy given recent tuffnells news? talks potentially started before they announced Tuffnells sites were being taken on?

[markie7] 11/9/2023 14:44

great to see, but too cheap

[qs99] 11/9/2023 14:41

Boom.....let's hope this flushes out other offers! DYOR

[se81] 11/9/2023 14:38

possible offer! 48.5p- too cheap!!

[everton448] 11/9/2023 14:11

A close at 37.5 would be the highest closing price since November 2015

[qs99] 11/9/2023 13:46

Nice solid buys going through, will 40p be on the cards in next day or so? DYOR

[qs99] 11/9/2023 07:43

indeed, lets hope we see the back of 40p before the next full TU etc

[stemis] 11/9/2023 07:32

"...giving us the additional capacity we need to handle the growth that we are seeing".

Couldn't be clearer than that !

[qs99] 11/9/2023 07:22

More good Tuffnells news....DYOR great steady progress

[qs99] 07/9/2023 16:22

Nice to see some movement towards 40p! DYOR

[qs99] 30/8/2023 14:02

thanks for posting team.

Looks a very odd/cheap value iMO based on these and also appears that broker is leaving a lot of powder dry for upgrades on those numbers.

DYOR as ever....should see back of 50p in 2023 IMO!

[everton448] 30/8/2023 10:54

Yeah Liberum have higher EBIT for f/y 24 and 25 (neither of which they have increased post Tuffnells). Will be interesting to see whether FinnCap increase their full year figures to reflect increased turnover

[stemis] 30/8/2023 10:04

Interesting as the last forecast I had, by FinnCap (27.2.23) had operating profit of £34.8m. £39.1m is quite a step up from there...

At 35.75p, fully diluted mkt cap is £229m. Less forecast cash of £49m ish gives EV of £180m, so about 4.0 x ebitda. With the bulk of the Tuffnells business still to hit profit, I'd say that's cheap...

[everton448] 29/8/2023 21:28

F/y June 2024

[stemis] 29/8/2023 19:49

Revenue estimates up to 532m but operating profit left at 39.1m so operating margin down from 7.9% to 7.3% (something which Liberum say leaves room for upgrades)

Is this y/e 30.6.24 or 25?

[ls24] 29/8/2023 16:14

I would expect profits to shoot once the one off Tuffnells costs have been absorbed.

[everton448] 29/8/2023 13:50

I think that must be right - I also think that it's nice to be able to give the company a bit of scope for beating market expectations...!

[stemis] 29/8/2023 13:20

I can't see the Liberum note but I'm guessing they are being prudent in respect of the consolidation of ex Tuffnells business

[everton448] 29/8/2023 13:14

Revenue estimates up to 532m but operating profit left at 39.1m so operating margin down from 7.9% to 7.3% (something which Liberum say leaves room for upgrades)

[everton448] 29/8/2023 11:29

New Liberum research note out this morning - buy - unchanged target 50 pence