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Made mistake and sold slightly under target ( D ) 36.5p, half last buy.
last buy 8/3/21 at 28p
Sold a tranche at the last few months 37p target price today.
Check out the possible offer to purchase at 48.5p per share:
https://investors.dxdelivery.com/websites/dxgroup/English/1111/news-detail.html?iframe=true&otherCompanyDirectoryName=dxgroup&article=33760393
Possible offer is pretty weak, can't see this being a done deal. 33% premium to pre offer price and less than 4x EBITDA, despite growth prospects. Top 5 holders account for 50% alone, no mention of whether they will support this price. I thought DX could hit 50p on its own steam, within 18 months
I think it's a weak offer... but if the bard recommends it to members I can see it going though without problems
The board are minded to recommend the offer and I for one agree. Interesting that there were a series of prior proposals that we know nothing about. The interesting thing is if this flushes out any other potential suitors and wouldn't we like that.Good news for DX shareholders and if this had it 40p for any other reason today I would have sold. But looks like I'll remain seated till October. !
Oops... bard =board.... though = through
I thought my phone was broken or on the wrong share when I seen 45! :)
Strong day for all, interested to know how you'll be playing this one? As it's been mentioned, a few other's believe it will flush out better value as well
Also, will be interesting to see those 1m share transactions unwind
Holders in the UK small cap market have been so badly battered you can hear the collective sigh of relief when an offer comes and in above everyone's entry price. Gatemore will be especially pleased given their likely single digit entry (I wonder if its enough for them). You can buy is at 42p, who would be selling at 15% below the offer price and why haven't the hedge funds stepped in yet to fill that gap?
I too thought my network was playing silly buggers, PEng! : )
Couldn't be more delighted after all the trials and tribulations of the recent past that I've effectively made a 39% increase over 2 years & 10 months and by sheer luck.
Only a couple of days ago I speculated the SP of 40p, but little did I know that I had better powers than Mystic Meg.
Tbh, I really don't understand nor know what to do suffice that I will be following my gut as well as the palpable honesty of the knowledgeable folk on this board.
Think I'll stick a while longer rather than bailing immediately.
GLA and thank you. : )
We should remember that this is not a firm offer just a possible offer and we should hope that a formal offer is made after due dilligence presumably. If there has been prior conversations between HIG and DX then HIG have been cirling for a while and then they really should be close to knowing all they need to know. The demise of Tuffnells and the potential benefits to DX has sped many things up including this offer in my view and against the economic uncertainty we face and DX's projections over the next couple of years I would be biting their hand off.
I am so glad I hung on to DX. I bought in some years ago at around 80p and it did well to start churning out hundreds in divis too. After the price collapsed I bought more at 16p and at the 48p offer price I will be around 70% up so my patience has paid off. GLA.
I am holding by the way, who knows if other bidders appear.
I think the minimum offer should have been at least 60... I will not be surprised if we get another offer closer to it...
Surprised to see another lesser in number sale execute at 42p .
2.30pm RNS takeover offer .
Lifted 2.28pm the close bid shown above 42.5p
Well wouldn't 60p be nice e-mail. A take over premium of 65% or so as against the proposed 34% give or take. To achieve that it's a bidding war and I can't see it. I'm intigued by the series of proposals from HIC that have been rejected which suggests discussions have been going on for some time. Personally I already think the large shareholders will have known that HIC have been circling and will have made it known where they see a valuation they would accept. It's potentially an all cash offer which is advantageous to shareholders.It's a welcomed approach at the moment and it's unlilkey HIC would proceed with due dilligence or make an offer if they didn't think the institutional shareholders were on side.
Well Ports - there are a lot of things going on we have no access to - like the preliminaries to this offer testify... How do we know what exactly prompted HIC to make the offer right now?... It might well be because of preventing somebody's else move... I feel strongly it could not have been only HIC loitering with intent, surely what HIC has seen in DX has been widely seen by others - so likely more surprises are coming - good ones for us.
Hopefully draws more offers out which could be the boards tactic but we’ll see.
Some heavy volumes before/after close
See I placed order for sale at 38p 30mins before the 11/9/23 2.38pm RNS offer, lucky to get 42p.
The bid has traded around the 43p since .
Still have the older buy in W , which will be a loss .
CA Notice from ( W ) The older buy in W , which will be a loss.
All been agreed by the court should shortly be paid out .
Might get out of this around even .
Unlucky I sliced a few before the 2.30pm Rns on 11/9/23.
They dipped on the 28/9/23 might of been able to rebuy at same price as the 11/9/23 buy .
Noticed more of there vans around then ever before .
Found some details on Home Channel ( D )
First buy ( B ) 15th July 2014 for 119.97p looks like more 8th October 2014 for 104p .
They were 6.58p on 29th September 2017.
looks like started buying again on ( D )
last buy 8/3/21 at 28p
And trading a few from tread start "Made mistake and sold slightly under target ( D ) 36.5p, half last buy ".
Moneys due today . ( 47.5p posted below )
I see I placed order for sale at 38p 30mins before the 11/9/23 2.38pm RNS offer, lucky to get 42p.
Others below posted minded to sell 40p , before the private equity take offer .
Maybe news was leaking to market and why price was rising .
If they waited until 7am next day might not of got extra 4p.
Traded a few from thread start 10/8/23.."Made mistake and sold slightly under target ( D ) 36.5p, half last buy "
Not sure if anyone is still posting on here.
Anyone received their settlement?
Not yet deep. They must be making significant interest holding our money though!!!