Dx (group) Share Discussion Threads

[this_is_me] 13/12/2023 19:53

The number of "letter of intent" shares is falling rapidly:

"Therefore:

-- the total number of DX Shares which are subject to irrevocable undertakings and letters of intent received by Bidco from holders of DX Shares is 259,295,814 DX Shares, representing approximately 42.87 per cent. of the issued share capital of DX as at 12 December 2023 (being the date prior to the date of this announcement); and

-- the total number of DX Shares and CFDs which are subject to irrevocable undertakings and letters of intent received by Bidco from holders of DX shares and CFDs is 272,545,814 DX Shares and CFDs, representing approximately 45.06 per cent. of the issued share capital of DX as at 12 December 2023 (being the date prior to the date of this announcement)."

[miti 1000] 13/12/2023 11:59

Interesting that Lombard have sold another 14mill at 47p. So we have an arb either playing for 1% return over the next 3-5 months , which seems mad or else the buyer is convinced some other bidder will come along. Now, its clearly the arbs who have been buying, eg. Sandgrove and Samson but the question is are they hoping , as with KCT, they can force a higher bid or get another party to come along ?

Obviously with the Lombard stake decreasing now to 5.4% and probably likely to go down to zero, it reduces the committed acceptances to HIG.

I should add there has zero spec of any counter bidder or of any major shareholder saying the bid is too low to date annoyingly.

We would need an expert like Exbroker to clarify what might be going on.

[stemis] 11/12/2023 08:47

Document out

[stemis] 07/12/2023 09:21

Dividend day

[katsy] 17/11/2023 11:02

Is there a chance HIG with their 30% stake could vote against the dividend get away with only paying 47.5p for DX. Or am I talking bollx

[qs99] 17/11/2023 09:43

thanks thought it said on shareholder register on 17 so was just interested legally if that meant on open or close, but appreciate clarification. thnx

[aishah] 17/11/2023 09:20

Went ex-divi yesterday. So fine if you sold yesterday or today.

[qs99] 17/11/2023 09:11

Do you need to be on shareholder register at close of play today, or start of day to get divi? Thanks

[tradertrev] 16/11/2023 18:59

12.5% return over less than six months after buying on the approach. Very happy with that sort of return, if unhappy at another undervalued private equity buy-out.
I hear those private equity managers pay less tax than their cleaners!

[stemis] 16/11/2023 11:24

They already have 54.6% in the bag. A chunk of private shareholders won't vote and I'd expect other institutions to fall in line with the offer. The chances of it not making 75% are very low.

[solarno lopez] 16/11/2023 11:17

Thanks guys but I have held for a long time especially through the nerve jangling days of Covid

[this_is_me] 16/11/2023 10:58

They are a long way from 75%. They will not get my votes.

[katsy] 16/11/2023 10:56

Chocolate and a pint on you then Solamo Lopez. You can send it to me via DX.

[miti 1000] 16/11/2023 10:50

Lol, solarno wd, what else are you holding!!

[effortless cool] 16/11/2023 10:47

Wow - well done!

[solarno lopez] 16/11/2023 10:41

Bingo and what a day I am having, Hotel Chocolate, City Pub Group and now DX has been brought home

[stemis] 16/11/2023 10:36

Yes, my mistake, miti

[katsy] 16/11/2023 10:33

Oh ok thanks.

[miti 1000] 16/11/2023 10:30

Katsy...its ex div today.

[katsy] 16/11/2023 10:23

Glad I bought more the other day. Let's see if this drops 1p on ex dividend day. Let's see where this settles. Do I sell soon and move on or wait for sometime in Q1 for maximum returns.

[miti 1000] 16/11/2023 10:22

SteMis...they didn't manage to get anything extra . The bid was always 48.5p

[spooky] 16/11/2023 10:19

Its not impossible. You can still buy at 46.8, not a bad deal on an annualised basis, with the outside chance of a counter bid thrown in for free.

[mfhmfh] 16/11/2023 10:17

Any chance of a counter offer?

[stemis] 16/11/2023 10:04

I always expected this to be taken over but imagined it would be a trade buyer. In the end it was hard for the board to resist when the bidder already had the support of 30%+. They did manage to get us another 1p so certainly didn't lie down. But DX another company that the market simply refused to value properly.

[tomboyb] 16/11/2023 10:00

Another company bought out -