Share Name Share Symbol Market Type Share ISIN Share Description
Dx (group) Plc LSE:DX. London Ordinary Share GB00BJTCG679 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 29.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 382.10 10.60 2.70 10.9 169
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 29.50 GBX

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Date Time Title Posts
01/7/202210:29DX Group - Postal services2,788
28/4/201707:16Menzies merger1

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Dx (group) Daily Update: Dx (group) Plc is listed in the Industrial Transportation sector of the London Stock Exchange with ticker DX.. The last closing price for Dx (group) was 29.50p.
Dx (group) Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 36.50p while the 1 year low share price is currently 17.25p.
There are currently 573,681,792 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Dx (group) Plc is £169,236,128.64.
stemis: I did say 'if'. However I'd be surprised if DX haven't discussed the matter with PKF and made them comfortable with the issues. It's not like the whole matter isn't pretty high profile.
stemis: I wonder if the appointment of the auditors signifies that the investigation into the corporate governance issue has been concluded. If investigation reached a satisfactory conclusion and PKF are happy to sign off on the accounts, I think there's a good chance (bearing in mind that DX have already indicated that the matter is confidential and DX. have claimed privilege over the matter) that the amount of information we'll get about what it was all about will be quite restricted.
ls24: My shilling is on a MBO with a 20% or so premium on the share price. As so few own the majority of shares it would be easy to get through with minimum pain whilst retaining goodwill of the customers
stemis: I believe DX. are planning to update the market in the next few weeks. I don't know what that'll say but a 'lot of work' is going on in the background. The investigation of the corporate governance issue is coming to a conclusion and they haven't, as yet, appointed an auditor although very aware of the deadlines. Read into that what you will...
wallywoo: So anyone care to guess what the opening share price will be when /if trading resumes?My guess is 18p again. IMO if the company survive at the very least all the BOD will be ousted. That disruption alone will hit DX hard.
marktime1231: The 25% correction in the share price on 25 November caused by the vague announcement of a governance issue - the use of the word "detailed" in today's confirmation of suspension something of an untruth - was followed by immediate insider buying, and pretty high volumes in recent weeks to restore the share price Coincidental? If you were to believe SteMiS that he has personal assurance from the FD that the issue is not material, as if insiders know something the market has not been told, then they certainly have governance issues now if they didn't before. Why would you say things to a punter in a private call which are not in the public domain? Whether or not there is a promising business outlook for DX Group the behaviour of some members of the board ... not just strange announcements and a failure to publish AA, correlated insider trading, personal stake building by the CEO to an unusual material level, the creepy way announcements morphed from turning the company back in to one which could reinstate shareholder returns to one exclusively invested in growth surprising some large external shareholders ... all feels a bit dodgy and manipulated for the benefit of a few key individuals? The issue is by definition material, because it has caused the AA to be delayed and shares to be suspended and it has remained unresolved for 6 months. There may yet be the chance of a happy outcome but I would not be daring to suggest anyone to invest or remain invested or to assume the best.
stemis: Sorry marktime1231 but most of that is rubbish. How can you know how serious the issue is or who is to blame (although it hasn't stopped you slinging some mud at Mulligan and a bit at Series) when you don't know what the issue actually is. It's ridiculous to say that the cashlow earmarked for investment in growing the business should have been distributed to shareholders instead. If you don't like growth business, don't invest in them... As to Gatemore, I wouldn't trust them as far as I could throw them. Maybe you don't recall how one of their analysts was on this board, praising DX. to the moon...whilst Gatemore were at the same time selling down their stake. The thing to do is wait for DX. to announce the results of their investigation and then shareholders can decide how the company moves forward. Don't see why Gatemore should get a preference in that compared to the other large investors. Anyway, what is this "we are all suffering the same hit to the share price. We should all want to know what the Board knows!!!!!". You don't own any shares.
stemis: Gatemore getting a seat on the board might mean they find out exactly what is going on but it doesn't mean we will. If (and I believe there are) matters of confidentiality then it may not be possible to make them public. It's true that the share price has recently been disappointing, despite DX. consistently over delivering. However I've always though this would end up in a sale and the management team obviously believe there is an opportunity to significantly increase the scale of the business before that. Consequently I'm relatively sanguine about short term share price and even a short term suspension. However Gatemore's interest are clearly not be the same as mine. They effectively paid 10p for a lot of it's shares as part of the refinancing and clearly want out (although at a decent price). They've been selling down for the last year or so (down from 35.58% to 20.5%) so this has been a spoke in their wheel. I'm not supportive of Gatemore engineering a sale of the company at this too early stage just so they can cash out. Don't be fooled. Gatemore don't want a seat on the board to look after our interests but to look after their own.
stemis: Very good results, marginally ahead of Finn Cap of 19 July. It's worth remembering that DX. is 2 divisions; a growing freight and a declining express. The strategy is to grow freight (sales up 32% yoy) and stop decline in express (sales down 1% yoy). They do note that freight was "significantly impacted by coronavirus restrictions, which affected our Legal and High-street activities in particular, although the division's Parcels operations grew significantly.". This is now a growth play so not sure why people keep banging on about the dividend. You'll get your return from increased share price and eventual takeover not a 2-3% yield. Good to see their ambition for the company is undiminished with another 15 depots planned and reinvestment of £20-25m cash in the depot network, parcel-handling equipment, and IT infrastructure. That's real nuts and bolts stuff as you'd expect from guys who actually know how to run a delivery business. With net £10m in the bank and a strong cashflow, they have the fire power to do it. It's also interesting that they have put down a strong marker in terms of increasing margin from current 4.4% to 7.5-10%. If, in the next few years, they can get sales to £500m, a 10% margin would give £50m operating profit and an EPS (even on a fully taxed basis) of 6p and a balance sheet stuffed full of cash. Who'd bet against a share price of at least £1 then. Of course, maybe you'd just rather have a few 1p dividends instead...
my retirement fund: Looks like the turnaround plan has concluded with a big tick, I assume the board will all be getting good bonuses for this. Now things are on an even footing and the EPS should manage 2 pence sustainably, I guess the only way of sustaining the present share price is going to be evidence of growth in turnover. Given the bumper few years of deliveries due to work from home/stay at home rules, I have to say turnover growth looks especially underwhelming. I can see the share price falling back to test recent lows.
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