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As a regular user of domestic and international carriers I thought I'd clarify a point I made last week for those investors who may not be familiar.
The major comparison sites for Parcel express delivery are: Parcel Monkey, Interparcel and Parcel2 Go. If you type in- a 1Kg package to the UK you will see that DX aren't competitive. However, If you have an account with DX, DHL et al we generally get better prices. As far as I am aware DX are are the only company that uses depot based sales teams as against a centralised sales team at HQ. Therefore DX success in taking express package market share depends almost totally on how good the localised sales teams are at identifying new business, building relationships etc. I for one like the theory only time will tell if it works in practice. ?
It is indeed most reassuring to read the positivity from you all.
I aim is to continue to keep faith in the decision making of management and to keep 2021 as a year for growth, development and increased profitability.
Notwithstanding DOYR I also have faith in what you experienced 'guys' have to write.
£15k is a lot for tiny fry like yours truly, but at the same time I was fully aware of what I was doing with the stake I put up.
GLA and thank you all for your words of encouragement.
Agreed Chelsea. The trading updates will be more important than confirmation of the new depots.
Although 40p by year end is realistic, it's a very big ask via organic growth in an established competitive market. So they really need to be shooting the lights out and exceeding expectations.That said, increased profitability and musings of a dividend return would be positive.My concerns on the DX express product are well known but we invest in the company and not the product and I have faith in the board.
Per posts below, ending 2021 with the SP starting with a 4 is realistic I believe. Trading Statements will underpin that rise I hope and if we don’t get one this month, I expect one in May. That is not long to wait.
Deep: I have high expectations for this share. They have good experienced management. But £1 is a far stretch in the near term. To paraphrase some of the 2021 2nd half expectations:
· Healthy pipeline of opportunities in the parcels market
· Expanding network
· Trading in H2 is significantly ahead of the same period last year
· Board expects further strong progress in rebuilding profitability 2021.
· Views prospects further ahead with an increasing level of confidence.
Hang in there and hopefully we are rewarded well. good luck!
Whilst your confidence is very reassuring Tep, I remember talk of the SP rising to £1. Have since scaled down expectations considerably but am still going to hang in there for as long as possible.
Time will tell. GLA
The guys at the helm are experienced in this industry and they know delivering quality is key to the success of this company. Their shareholding is proof that there is scope for improvement and decent share price return. I think we will be well into 40s at least by end of 2021.
Been quite some time since I last posted an opinion but monitoring the comments of fellow investors.
SP still holding firm within fixed parameters and I'm assuming lifting of lockdown restrictions, opening of new depots and many other valid observations made by commentators make for positive reinforcement of DXs performance.
Hoping that my relatively small share holding of around 15k, which currently is in the red, will improve by the end of 2021 and a target in the high 30s will ensue.
Monitoring companies like Rolls, IAG, Cineworld is also what keeps my positivity ongoing.
As a new investor and continuing to DMOR there is rarely a quick buck to be had. Patience is name...
Onwards and upwards for the SP and continued faith in DX is the order of 2021.