Updates

DX Group

August 2022

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.

After a lengthy delay DX has appointed a new auditor, PKF Littlejohn, which has commenced the audit of the delayed report and accounts (period end 3rd July 2021) without delay. DX was suspended on 4th January because of the lateness in publishing the above accounts. On a more positive note, on 7th July, DX said trading for the year just ended has been significantly ahead of management expectations. The swing factor has been Freight with new business wins, productivity improvements and the easing of customer supply chain problems supporting 15% revenue growth. In its other division, Express, revenues grew 7% as expected.Net cash was also ahead of expectations at £27m. The corporate governance investigation has resulted i ...

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Essentra - Disposal of Packaging division

Contour Global - Receives bid at 263p; gain 27%

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

DX Group (October 2021)

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

DX Group - Third upgrade since last November (April 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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