Dx (group) Share Discussion Threads

[skinny] 05/6/2020 07:08

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DX, the provider of delivery solutions, including parcel freight, secure, courier and logistics services, announces that on 4 June 2020, Ronald Series, Executive Chairman, purchased a total of 140,000 ordinary shares of 1 penny each ("Ordinary Shares") at an average price of 12.44 pence per Ordinary Share.

Following the above transaction, Ronald Series has a total beneficial holding of 1,955,294 Ordinary Shares, representing 0.34% of the Company's issued share capital.

[ibotson] 02/6/2020 16:56

I have now been using Dx for the last year and have to say their service is no better or worse than Tuffnells. We changed over suppliers because Tuffnells introduced a new scanning system that increased our costs by a huge amount and were forced to move. Tuffnells lost a lot of clients during this time to Dx. As far as I can see there are only two companies that want to shift ugly freight, Dx and Tuffnells. Tuffnells have recently been sold as a loss making business and I think Dx will be able to pick up all their business before too long as the guys taking over Tuffnells are probably only doing it for the payout from Connect Group the previous owners of Tuffnells. Be interesting to see how it pans out, but the management buys tell me that they all know that they are on to a winner.

[my retirement fund] 01/6/2020 09:27

Reasonable clips pushing ever higher

[my retirement fund] 29/5/2020 16:53

Follow them !

[stemis] 29/5/2020 16:41

That's some pretty consistent buying of shares by insiders over the last couple of months or so; now 1,402,486 shares bought.

[my retirement fund] 29/5/2020 16:14

15p beckons imo

[qs99] 28/5/2020 09:00

looks potentially that way, not sure how much stock MMs have?

[tarny] 28/5/2020 08:54

Going back down to fill the gap?

[qs99] 28/5/2020 08:44

indeed well said

[chrisdgb] 28/5/2020 08:39

The directors certainly gave us the clues, look forward to a steady re rating......

[tarny] 28/5/2020 08:09

Very happy with the update, still very cheap should be around 15p at least imho

[my retirement fund] 28/5/2020 08:04

Market likes it

[qs99] 28/5/2020 08:03

Decent update IMO.....net debt manageable and should improve as EBITDA improves.

Recovery stock in the making as management improve productivity etc.....GLA and DYOR

[skinny] 28/5/2020 07:13

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Trading Update

Following DX's announcement on 16 April 2020 regarding the impact of the global coronavirus crisis on the business, the Company is pleased to provide a further update on current trading for the financial year ending 27 June 2020. As an essential service provider, DX has continued to maintain operations at all its depots and service centres since the Government's 'lockdown' measures came into effect.

The Company has experienced a slow and steady recovery in trading since 16 April. Trading in both DX Freight and DX Express has been better than the Board anticipated, although Group revenue is still approximately 10-15% below expected seasonal levels at this point in time. As a result of the improvement and taking into account the outlook for the remainder of the financial year, the Board now expects the Group to generate a small profit before tax in the second half of FY20 and for revenue and adjusted EBITDA for the full year to be ahead of current market forecasts1.

In responding to lockdown conditions, the Company has adapted to the increased demand for B2C deliveries and its business mix shows a stronger weighting to B2C activity than normal, in particular for 2-Man deliveries. After an initial steep decline following lockdown restrictions, B2B activity has improved over the period as customers have adapted to conditions in their respective markets. Operationally, the Company has benefitted from reduced road traffic and from B2C customers being at home to receive deliveries, which has allowed for slightly improved delivery productivity.

The Company continues to manage costs tightly, whilst re-introducing some costs into the business as volumes have recovered. It is also maintaining a good level of liquidity headroom. Net debt at 25 April 2020 was £2.0m.

A further update will be provided in mid-to-late July in a pre-close trading statement.

Ronald Series, Chairman, commented:

"This period has demonstrated the resilience of the business, and trading since mid-April has recovered more quickly than we anticipated at the beginning of the UK's lockdown, although it is still 10-15% below the levels we would expect at this point in the year. Our teams have responded very flexibly to the changed environment, including a shift to more B2C deliveries, and we have continued to provide customers with an excellent level of service during this challenging time.

"We remain well-positioned to deliver further recovery in volumes, and will continue to control costs carefully."

more.....

[tarny] 27/4/2020 11:49

Looks like another 300k worth of Director buying at 10p

This should be back to 13/14p quickly imho

[my retirement fund] 27/4/2020 11:08

Follow the directors! Rude not too imo

[stemis] 27/4/2020 11:02

More buying

Paul Goodson, non exec - 300,000 (£28k)

[stemis] 18/4/2020 22:21

Over the last 4 weeks we've seen directors buying 853,212 shares (£62k)

Ron Series, Chairman - 70,000 (£5k)
Lloyd Dunn (& wife), CEO - 517,212 (£37k)
Russell Black, non exec - 266,000 (£20k)

Not huge in the context of their total holdings, but I doubt they believe in throwing their money away.

[my retirement fund] 17/4/2020 17:55

Dir purchase

[jltaylor1001] 15/4/2020 09:39

Looks a real opportunity here . Can't seem to find out if they have any significant contracts with particular online retailers , anyone know ?

[chrisdgb] 06/4/2020 12:14

Totally agree, one of the more interesting recovery stocks...........

[rutej mehta] 30/3/2020 14:54

To any investors looking to buy into the dip, here are some thoughts on why DX is arguably undervalued and well-positioned to survive the current stock market crash:

- essential service which remains open through the COVID-19 lockdown
- solid balance sheet which can likely withstand the downturn - low debt, no pension liabilities, and capex light
- trading down 43% YTD, near its all-time low
- 112% upside to bring it back to its 1-year high

[sharesoc] 13/3/2020 17:45

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