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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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DX Group - Possible 48p-a-share offer

November 2023

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.

  • Epic Code:
  • DX.
  • Price:
  • 42p
The shares leapt after DX announced a possible offer from private equity firm, HIG European Capital Partners at 48p a share. HIG has to make a firm bid or withdraw by 9th October and has so far received undertakings of support from investors speaking for 31.5% including largest shareholder Gatemore and former CEO Lloyd Dunn. Since then DX has released its final results showing evidence  its stirring recovery has continued. In the year ended 1 July revenues rose 10% to £471m, pretax profit 33% to £26.8m and eps 41% to 4.1p. DX Freight, which delivers items of irregular dimension and weight (IDW), increased sales 10% to almost £283m with EBIT profit up 22% to £37.8m. That was driven by the 1-Man business (sales +13%) as well ...

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