Updates

DX Group - Third upgrade since last November

April 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Interims came in ahead of expectations, driven by strength in Freight (sales +19%), the powerhouse being 1-Man deliveries of irregular dimension and weight parcels, which is forecast to grow 75% for the year, representing three quarters divisional sales. Three new depots opened at Westbury, Oxford and Burnley, expanding the network to 45 with two more in H2 and a further four planned over the next two years, adding new capacity and lowering stem mileage costs.In DX Express, Secure Courier fell 5% due to well flagged cessation of the Passport contract and although new wins mopped up the spare capacity, a change in mix from B2B to B2C (as parcels were redirected away from shops and into households) reduced margins due to lower delive ...

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UP Global Sourcing

DX Group - Bid agreed; gain 161% (January 2024)

DX Group - Possible 48p-a-share offer (November 2023)

DX Group - Acquisition of 15 Tuffnells sites heralds step change in growth prospects (September 2023)

DX Group (March 2023)

DX Group - Eps to double over three years; prospective PE just 5.3 (ex net cash) (January 2023)

DX Group - Moves to remove Chairmen could put both shares “in play” (December 2022)

DX Group (August 2022)

DX Group - Liberum upgrades price target to 55p (December 2021)

DX Group (October 2021)

DX Group - FinnCap raises price target to 51p (July 2021)

DX Group - Trading materially ahead of expectations (March 2021)

DX - Trading Materially Ahead of expectations (January 2021)

DX Group - Parcels shipper benefiting from Covid related pre-Christmas surge (December 2020)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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