Dx (group) Share Discussion Threads

[mortimer7] 14/8/2017 08:49

31/3/17 extract from RNS regarding suspension:-
"ordinary shares in DX are expected to be suspended from trading on AIM as of 7.30am today, pending either publication of an admission document containing detailed information on the proposed transaction in accordance with AIM Rule 14 or the termination of discussions regarding the proposed transaction".

So why is trading still suspended?

[reallyrich] 14/8/2017 07:52

why's that


They have manual debt and large turnover. Debt can be serviced easily

[my retirement fund] 14/8/2017 07:51

Its difficult to see how they can remain solvent now.

[this_is_me] 14/8/2017 07:48

It looks like the new directors were expecting to join the board of the combined business and will need to confirm that they are still interested, also the financing needs to be sorted out. When all that has been done the suspension should be lifted unless they wait until the accounts are ready.

[reallyrich] 14/8/2017 07:27

Well you got your answer. Knew this would happen as it was a complete mess. A straight takeover would of been much easier.

Also there is no reason for the shares to remain suspended, that is totally out of order!!!!

[freddie ferret] 04/8/2017 17:24

Still waiting.

[freddie ferret] 17/7/2017 17:03

The recent RNSs are interesting not for what they say but what they do not say.
Maybe I am wrong but the impression I get is that Menzies are more enthusiastic about the tie up than DX.
No indication of when the suspension will be lifted. I do not have a problem with that, I hold but have no strong desire to sell.
Hopefully we get back to fat divis.

[speedsgh] 14/7/2017 12:09

Menzies must be getting tired of all the carp which continues to ooze out of DX. Perhaps they are taking the view that "where there's muck, there's money"!

Response to DX (Group) plc announcement -

[reallyrich] 14/7/2017 08:58

yes. it's not really a current trading update. Not much information at all.

[mortimer7] 14/7/2017 08:32

I realise the RNS is entitled "Trading Update", but disappointing there's no mention of the Menzies deal or ongoing suspension of trading.

[baticle] 14/7/2017 07:31

Trading update not as bad as some doom-mongers were predicting,
might be a decent recovery play once they sort themselves out.
It looks like the re-organisation is factoring in the addition of Menzies
distribution Division, If it all pans outs it could be a 100-120 Mil profitable company... but nothings guaranteed.. all speculation of course so DYOR

[opodio] 14/7/2017 07:26

Profit warning



The Company continues to enjoy the support of its bank. Hahahahah

[mrphil] 07/7/2017 07:46

"after careful consideration of allegations made, the City of London Police will not be proceeding to a full investigation."

Looks like the end of the matter imho which can only be good news!

[albanyvillas] 07/7/2017 07:35

police have probably said no action "at this time" but it probably means if more evidence of wrongdoing emerges they will pass to the CPS

[wskill] 07/7/2017 07:32

It was cleared up very fast so must have been a very minor infringement all looking good now ,of course all employees must play by the rules and this will be monitored more in future not a bad thing.

[albanyvillas] 07/7/2017 07:24

Bob holt must have had a nervous few weeks - investigatio by police here and also all that cladding stuff going on at Lakehouse
What kind of shady business does he get involved with

[skinny] 30/6/2017 07:50

DX, the independent parcels, mail and logistics operator, is pleased to announce the appointment of Ian Gray to the Board as a Non-executive Director with effect from 1 July 2017.

As previously reported, Ian Gray, FCA, has been working with the Board since mid-January and has extensive experience in advising companies on business transformation and strategy development. Over the past 20 years, he has provided high-level counsel to UK companies across a range of industry sectors, including distribution, retail and food production. He is currently Chairman of Avicenna plc, the UK's largest independent pharmacy support group, and of Atlantic Holdings Limited, a world-leading media production company. Until very recently, he was a Director of KM (Holdings) Limited, the regional newspaper group.

Bob Holt, Chairman, commenting on Ian's appointment said:

"We are delighted to announce the appointment of Ian Gray as a Non-executive Director. Ian has become increasingly involved with DX since he started working with us and his skills and experience have made a valuable contribution at Board level. This appointment formalises his role and strengthens the Board. We look forward to working with him in his new capacity."

[joe say] 16/6/2017 12:31

Alternatively it may be indicative of a poor (delegated to Dx.) process and thus be of serious concern

[reallyrich] 15/6/2017 12:54

Agree Freddie

[freddie ferret] 14/6/2017 17:09

How many couriers do DX employ?

Why should one dodgy courier have any impact on the merger?

This is imho unlikely to be a general problem at worst a question mark over the vetting of staff which I think for govt contracts the police and security services would have a say in anyway.

Storm in a teacup.

[reallyrich] 14/6/2017 02:44

Dadsarebest I was referring to his English as they totally said the opposite in one sentence.

[dadsarebest] 14/6/2017 00:11

Not such a stupid comment. It would seem DX have done their usual trick with RNS, notified of police investigation on the 7th, why not announce on the 8th? Well this was election day and media not allowed to report on it so absolutely no news at all, wait until the 9th announce then when press are focussed on election result, feels like a case of trying to bury bad news, especially following their first profit warning which was released at 11am.
If these allegations have any credence to them one would expect Menzies would have to walk away from this, at the very least one would expect their pension trustees ask for cash from menzies rather than shares in a future DX business, so this deal becomes less attractive to menzies.
If they walk away what is left for DX, a company losing money, that will have to undertake a further goodwill write off of at least a £100m in june accounts that does not have cash to pay a dividend. So if menzies walk away they may go bust ? Or if they do come back with current issues surely it is worth less than it was before.
As i am not a shareholder of DX i have sympathy for those who have their hard earned cash invested in this shambles, that said it would nice to see them fail and that all the directors are properly investigated and never allowed anywhere near a quoted company again.