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The only thing that will raise DX's share price substantially is a merger of some kind, with DX as the target or the acquirer, and I suspect that's what Gatemore is banking on. Otherwise, given DX's long history of disappointing its investors, some of whom hugely overpaid for shares at the IPO, the market is going to avoid it. Once burned, twice shy, but in DX's case the management keep branding you with a red hot poker.
Nice to hear from you Pianista. Hope all is well. You and Sister are both on the money in my view. DX is a hard share to get excited about... margins are low and turnover is not really big enough to prick anyones ears up. It's hard for a company like that to really generate sentiment of any description. My mind drifts back to Stobart years ago who really did an excellent job in that area. DX are undoubtedly on the right track I think and payment of a dividend will keep me interested for a while.
As regards the share price I'm with sister regarding dilution but I can't see how it gets to Broker forecasts of 55p +. Mind you brokers never really give a time frame. No share is perfect ofcourse... but the direction of travel is good even if it is nothing spectacular.
Sister... I know who you are talking about and had thought about investing. But what seems the perfect investment case is not always an investment case on the AIM. ! Somethings are difficult to understand !
I think at the moment it's just taking time for the company to regain the trust it lost during its year-long share suspension. Mind you, even before the suspension, the market was loathe to give the company the benefit of the doubt.
On what basis do you think we will hit 40p. DX have said trading is inline with expectations for H2 so unless things go south in the last three months for some reason we'll hit expectations and the second half dividend. How is sentiment going to change to meet 40p. A 35-40% increase in the SP with further dilution. I think we'll be lucky to sustain anything above 35p. The market isn't following the positivity.
Gatemore will be fuming: as far as they're concerned, the SP should ALREADY be well north of 40p!
As long as the company meets market expectations this year, 40p is almost a foregone conclusion.
To well looked after these DX's directors aren't they to say the least and 35M share options still outstanding. Don't think my bail out point is that far away.!
Hi. AIM/ IHT webinar Thursday 20th April from 12.30pm feat. Microlise, DX Group and Hercules Site Servs. To join please go to:
https://us02web.zoom.us/webinar/register/2416807656566/WN_HVdk9ql9Q2OuMG_l1tCIvQ
Ports. I agree with your sentiments on DX and the AIM in general.DX's current mcap is pretty punchy at 175-180m.Markets will have built in growth of 10-15% PA and an increase in margin. It's not really driving sentiment andi don't see that a proportional increase in dividend will have any great affect. Historically DX's growth has always come from sustained director buying over a period of time, depot openings and steady turnover growth / and profitabilty has done nothing to the SP but got us to the position of a dividend payment..I really struggle to see where SP growth above 40p is going to come from. Share buy back probably.
THe AIM really is a very strange place. One of my shares has 83M in the bank., paying a dividend .. no debt and a mcap of 50 odd million. If only I had the money !!!
I deal through Halifax Share Dealing with the dividend being paid into a nominated bank account asap and at the latest within 10 working days.
The Halifax also offers a couple more options to the account holder of either holding the payment in the share dealing account or dividend reinvestment upon receipt of receipt of funds.
thanks Tep1, mine is held in a HL acct too, so thats encouraging.
Should be paid today according to HL. But not seen it land in my account as yet.
hi, something of a rare post from me. i understand today is interim divi day. does anyone know how / when the money gets paid? many thanks,
Ports, as per usual I am obliged to you for giving me an even greater insight into the contrivance of the AIM.
Fortuitously, I haven't had my bottom spanked as hard as some, but I've certainly had my eyes opened and am far more weary now.
FJ, I openly accept that I should've been far more diligent initially but in order to be so, a certain amount of risk also has to be borne.
Financial probity or otherwise, at the end of the day ensuring an understanding of a particular company one invests in lies with that individual.
I have no qualms in admitting that I remain on board the DX Express more by virtue of good fortune.
In fact, if the real truth be told, it was in an effort to recover the initial losses I had sustained.
Having written what I just have, I hear myself thinking what a "plonker you are Rodders" for risking more good money after what could've turned out to have been disastrous.
Anyway, 'D-Day' tomorrow and I can't wait simply because it's a moral victory of perseverance and patience for me.
Thank you for the support and gentle admonishment. I accept it all as constructive.
Onwards...
I agree FJ that index trackers have their place but I have some sympathy for deep. Everyone has to start somewhere and the mistake most people make is listening to to much noise especially by their investment peers and choosing high risk shares on the AIM rather than looking at the 150/250 many have stars in their eyes looking for the big returns.You've only got to look at various comments on AIM chatboards to see that many have only a basic understanding of what they are doing. Many joined the AIM investment game during covid and many have had their trousers taken down and bottom slapped. I've learnt that there is lot more to investing than understanding investing. Its about economics, how business works, psychology and a multitude of other things. Businessis is so difficult, it's not easy to make money and many PI's think companies are run by people of proberty... they are not much of time! There are companies on the Aim that are losing substantial money year after year with market caps of ridiculous figures. Many smaller companies on the AIM are trying to break into markets dominated by larger beasts with very deep pockets.. that's a unbelievably difficult thing to do. The aim was set up specifically for smaller companies to raise money in the markets. To survive companies have to make money to continue ongoing operations, if they don't they have to fund raise or take on debt. We all the know the AIM is a unforgiving place but if you are investing in a company that is making money and paying a dividend you are in a better place than many.
Your post proves my point rather well. I learn every day!
You've summed it up most succinctly FJ.
For now I'll stay where I am and perhaps head to the index trackers further down the line.
Onwards...
"I'm still far, far from understanding the AIM and frankly speaking will probably never understand the game the way I should."
What's there to understand that doesn't apply to other markets? Other than that firms quoted on AIM are smaller than those quoted elsewhere, will often have poorer management, are more susceptible to the actions of large shareholders and are therefore riskier. But if you don't understand "the game" you shouldn't try playing it and should instead by index trackers like most other people.
Decent trade at 29.50, hopefully a clear out
Meant with respect, thank you for the explanation Ports.
I learn and "organically" grow alongside DX with the aid of experienced PIs like you.
To be honest and notwithstanding the share suspension, had it not have been the posts of contributors here, I would've been out a long time ago.
I'm still far, far from understanding the AIM and frankly speaking will probably never understand the game the way I should.
It's been tumultuous journey of discovery and I am most grateful that I have the financial wherewithal to withstand reasonable losses.
GLA and here's to 'D-Day'.
Absolutely Deep. The payment of the dividend is very welcome and if we do reach a total yearly dividend of 1.5P it is a good outcome. We can to an extent thank Gatemore for that. Although at the time I was very critical of their heavy handed approach it has resulted in a capital allocation policy that will benefit all shareholders.I meant boring in the context of continued organic growth and operational efficiencies, as long as that continues with appropriate increases in margin and turnover we should be looking to a consistent yearly dividend policy.Not withstanding the macro economic factors. Logistics is not a business that will attract the crowd of Pi's with the constant ramping/deramping and all that goes with it so I'm grateful we are where are. Sure we may receive the odd curved ball but that can happen to anyone at anytime. Excitement may come within the tuffnels claim but based on what we know I'm pretty satisfied moving forward.
Ports, to quote you, "a bit of a boring" stock with a dividend imminently due makes for positive news as far as I'm concerned.
As with all shareholders, it will be the first payment from DX in many a moon and most welcome.
On a personal note, despite having bought in when DX was around 30p, and therefore continuing to remain in the red, my faith remains strong in the Board and it's future plans.
GLA
Onwards...
My only real take away from yesterdays announcement was that DX.. parcel division is "growing strongly" which is ofcourse what we want. Taken with a slight pinch of salt because really it's all about profitability. Looking forward to my dividend in a couple of days.
More positively spun news from DX. Although it doesn't lead me to change my mind about them.
The recent RNS is just a further instance of business-as-usual presented as good news, although I suppose it is better news than net depot closures.
To me it's also further evidence of a desire within DX to separate the express and freight operations in order to make one or the other more attractive to potential buyers or to allow the easier closure of the express business. I suspect that Bracknell isn't really a new regional hub, it's just the relocation of the express activities that were previously in Colnbrook.
Agree with that Sister. The details of the 20-25m three year investment programme have been know for many months and well over a year. As positive as it is will various announcements increase share price growth. I don't know... if it stimulates demand then possibly... the dividend strategy will encourage interest. The MM's have to create a market and we are where we are for a reason. We now have a younger BOD in place. As I understand it is currently steady as she goes organic growth complimented by efficiencies. So what are we looking at 10-15% growth every year, and dividend increases possibly. Alot of course depends on the exit strategy of the major stakeholders.
Is that going to get us to 40p plus. Who knows but I doubt it for awhile.We also know that DX have concerns over the number of shares in issue. I don't see any sustained growth in the SP, unless we see further director buying, and the introduction of a share buy back strategy will I personally feel is more likely 2024 and onwards. But the AIM is full of surprises.!
To some degree it is now a bit of boring share in my view... we know what's coming.(Apart from Tuffnels claim) Sometimes though boring is ok.
What makes you think the share price should go up ?. This isn't new information. Its been signposted in previous releases and information provided. many times. So it should be of no suprise to anyone least of all the markets.