nk1999
09 Apr 2018
Rise today Any news/ rumour? Nothing on III site.nk
marktime1231
29 Mar 2018
Re: at 8p great results, volume and chart Welcome plan to clear debt and raise enough cash to cover current plans, so good news but hardly "great" results ... but I get your enthusiasm that DX appears to have been well rescued and can now look forward. Not much to take away on the outlook of the business, it appears to have potential to be sustainable or at least turnaround-able but operating costs have to be reduced. Early days for the new team but this is a solid start.The equity release is approx 2 new shares for every old share. An offer of 20-30p a share last Summer would need to be 7-10p this Summer. Has Gatemore bought into a goldmine or did it turn down a quick windfall?Hard to value the post-equity business ... not much debt not much net assets once goodwill is written off, £300M turnover but not much profit no dividend / 600 million shares at say 7-8p each. To get back to 15p by my maths that would require the business to deliver £5M positive net earnings and feel strong enough to restore a small dividend. Do-able, I give them a 50:50 chance, but I want to hear how they are going to cut £10-20M costs out of the business please. Or gain £10-20M new business.Do both and we are back to the 30p level we turned Menzies down at.Until then I am "happy" to hold.
thirty fifty twenty
29 Mar 2018
at 8p great results, volume and chart surprisingly positive results from DX. with new mgt it is no surprise that there was an element of 'kitchen sinking'but the big stand outf or me were...1 - great CASH flow2 - that preference holders happy to convert to equity3 - new equity ONLY 4m4 - new equity to be raised at above the current share price5 - directors and mgt to participate in the new equity6 - major sharehodlers supportive7 - one business making > 15m a year, the other loss-mkaingif the new mgt team can stem the losses at DX F then we have a business making c.15m+ profit with net CASH and a MV of only 50m!! This might take 2 or 3 years to achieve but every chance the price will at least double over that time.the tipping point is the chart which has clearly formed a double bottom on good volume and positive news flow. It will be a slow burner but with good CASh flow and chart support there is actually limited downside and the chance of significant upside.All IMHO, DYOR + BoLDX. is in my portfolio
marktime1231
28 Mar 2018
Fingers crossed this is going to be one of those not-so-bad reports which catapults the share price upwards 25% ... please
deshulme
27 Mar 2018
Staffing Problems Be interested what the results will be, but they do seem to be having a high staff turnover since winning the Avon contract. Once highlighted as a breakthrough for DX looks like being a low margin, hassle and causing staffing problems which could also mean they may not be making any money from this adventure at the moment.
Ripley94
20 Mar 2018
Re: moving up And he says the same today.He was correct in October now near half the price.
Ripley94
21 Oct 2017
Re: moving up Steve More on S.P. Blogs Avoid on results.Its a rising share of late now up to 12p !!!Are they just a bunch of shorters ?
nk1999
11 Oct 2017
Re: moving up Further big jump today to 13.75p, before slide back to 11.75p close - still up 17.5% for the day. That too on huge volumes of over 13m shares.Very confusing. What is going on here, anyone got any idea? There is no news since the Placing @10p news.nk
Ripley94
09 Oct 2017
Re: moving up 28/09/17.RNS...Back to spike high of few weeks ago up 25% @ 9.9p.New CEO.. board changes ... Fundraising of 24m ... Secured loan notes with conversion rights of 10p.9.7p to 9.9 p
nomnom
29 Sep 2017
moving up nice easy profits made.
nomnom
29 Sep 2017
final result will be out next month.
goodflyingduck
28 Sep 2017
Re: Fundraising on the way Working capital is the issue. They're just not generating the profits across the board to give support to loss-making DX. Logistics are improving (as well they might) but there are still major hurdles to be overcome. Very competitive market with DHL and PO being the big-hitters. Don't see a quick fix here. Maybe hive-off DX to let it sink or swim according to its own performance, rather than pulling the entire ship down under water???
nomnom
28 Sep 2017
Re: Fundraising on the way No dilution. Today RNS said:'The Gatemore Loan is an unsecured £2.0 million bullet loan with simple interest of 10% per annum rolling up from date of advance, which is expected to be 29 September 2017. Repayment of the loan is due by 30 November 2017, with no early repayment penalties.'
nomnom
28 Sep 2017
Re: Fundraising on the way Dx selling their properties to pay back HSBC loan. The sale sign off tomorrow so possibly news on Friday?
goodflyingduck
28 Sep 2017
Fundraising on the way But will it result in a dilution? Probably. Can't see any other way that they can raise the capital needed to make up for the shortfall in revenues which are going to be further impacted by the new loan and rent, both geared at 10% which is pretty punchy. Wonder how much HSBC were charging? Co's on the ropes always get screwed on financing terms. DX no different there.IMHO, it's going to be a long haul to get this motoring again.
