Updates

DX Group - Trading materially ahead of expectations

March 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.

Parcel freight and secure courier group DX announced that trading continues to track materially ahead of last year and will now significantly beat expectations. The outperformance reflects continued strong progress at DX Freight, where both volumes and margins have improved over last year. Volumes at DX Express were slightly better than expectations but margins have softened due to greater mix towards B2C as B2B volumes were affected by the current lockdown. Net new business across both divisions remains encouraging and the new business pipeline is very healthy. FinnCap has upgraded its pretax profit forecast for the year to June ’21 by £2m to £8.7m with eps rising 32% to 1.4p. The next two years&r ...

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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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