Updates

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.

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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CVS Group

TMI Trader Portfolio - November '23

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

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 - 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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