Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Ah, Sister, you spent so many dire and miserable Xmases with us and are not going to share a real joyful Xmas this year?... Wishing you lots of luck anyway
Lol Sister.
Cartwheeling aside, here's to hoping you'll pop in every now and then with your pearls of wisdom.
All the best and thank you for enabling me to understand many nuances of the AIM. : )
Or even 2%, because 1% takes you to 3%.
1% is reportable if you already own at least 3%.
Thanks Deep. All the best to you as well. Atleast I'm am spared the indignity of doing cartwheels round DX's car Park.!!
As my final post on this board..ignore what trades are classed as buy/sells. Often trades below the mid point are classed as sells and trades above the mid point are classed as buys but that isn't always the case. If aspects of the trading volume have to be legally reported they will be and you'll find out soon enough. x
All the best sister.
Tep1 - thanks for your info
Its about 1% of the shares in issue. Not a reportable amount. Stancroft trust ltd were the last major buyer. Dont have a lot of info on themm
I've also been noticing the last few sessions that the highest volume trades are often classified as unknown. And it looks more a pattern than a coincidence... ??
Likely a Fund, ETF or Trust then?
There were 6.21M and 3.85M trades classed as buys within a minute of one another at 12:12
Anyone has a clue about what caused the very UNUSUAL 31 July High volume of trades?
Wishing you well on the onward journey Sister. Your contributions on this Board particularly for novices like me have been very welcome and gratefully received.
I fully endorse your comments about the DX community respecting the opinions of others.
All the best with wherever your onwards takes you. Thank you once again.
My journey with DX has come to an end as I have achieved the objectives I set myself. It's been good be part of the DX community, some intelligent members and interesting points of a view and refreshing to be part of a group where different opinions are respected and personal attacks are absent. I wish you all well. Sister X.
Shaun would like that!!! :P
Jam this afternoon! :-))
Here we go!!! :D
There is one way of looking at the figures that is not so positive. At the interims we were 15% up in turnover and finished the year 10% up year on year. So in what is traditionally the better second half of the year it could be said DX have lost some ground. Probably a reflection of the economic situation and it was in the trade press when Tuffnells went bump. Not a big concern because DX have managed it well so far but something to keep an eye on. ~I do find myself agreeing with Portswigger that DX have gone all in in very difficult times agree with his rather cautious and pragmatic approach that the SP returns are quite a bit further down the road.
All those unknown trades at a last buy price - - won't they cause a sp jump at closing time?
I understand your view and optimism Pianista. I'm not sure I share it certainly for the next couple of years. From a business perspective DX are really committing themselves substantially.. Still in 20-25m 3 year investment plan, new depot 12M plus,
added depots plus 15 Tunnels depots at what cost, and integration costs, vehicles 3m +, Dividend 6M. I'll really be looking at the finer financial details at year end but they are heavily reliant in business continuing to be good. I'm not as positive on the economic situation. I think it's tough to maintain and increase margin when there is substantial financial investment against a backdrop of difficult trading and economic conditions. If this is sustained for the next two/three years I think it will be difficult for DX.
The projected dividend of 1.5p this year, 1.7p the following and 2p the following is really nothing to write home about and indicative of slow and steady growth but certainly not a given. I really can't see where the drivers are coming from to take the SP to late 30's/40p certainly this year.
Anyway time for a break from me, enjoy the summer break. Hopefully, I'll come back in a more positive mood. !
DX has only recently turned around - from non existence!... Even so we got fantastic results and prospects - -The growth process has barely just started!... I mean , it's all so blatant - excluding black swans, from now on any bits of good news should trigger up sp bounces
Ports – I agree the margins are on the low side, but not paper thin, like with the supermarkets, say. In fact, they’re shooting for 7.5% to 10%, which would be quite respectable.
Moreover, it doesn’t look like there’ll be a severe downturn. Of course, they’re playing down the economic headwinds, but it looks to me like in any event they’re already priced in to some extent; moreover, I take comfort from the fact that DX has no debt to worry about (except for lease liabilities).
The acid test for me, is: “Would I invest at this point if I weren’t already a holder?” I see 20% upside this year, and with more to come, so the answer is “Yes” - but as part of a balanced portfolio (to include a sizeable chunk of cash, just in case...).
I like your posts Pianista... well thought out and reasoned. But I have a slightly different view. I think low margin generally is a real problem. DX themselves have targeted margin increase as one of their KPI's presumably. The trouble is that low margin businesses rely almost completely on increasing turnover to generate the profits to reinvest or redistribute or whatever and they are always open to cheaper competition and are much more exposed to economic difficulties.I don't doubt what they have done so far is impressive but that was in the turnaround stage and that doesn't matter now. It's all about the future. DX are focussed on customer service but all the major carriers are getting their act together now... certainly in my experience so DX really offer nothing new in certain aspects of their business. Personally I think the future economic difficulties are being underestimated generally.
DX have stated that the depot network is going to take 18 months to optimise which is one of my justifications for saying its a much longer play now.
In the grand scheme of things I agree that DX is probably as solid as an investment as there can be currently but the fact remains that there is simply isn't the interest in the form of investors. We can't just assume the penny will drop at some point and we wait and wonder when that will be. The real question is.. is there is a penny to drop and if there is why hasn't it dropped yet?
Low margin maybe, but that in itself is not a problem or a reason to avoid the share (especially just after a big chunk of the competition has been taken out!)
The opposite in fact: even with a low margin it’s making healthy profits - which is what matters to the SP – and if its revenues increase by 10%, its profits (and in theory its SP) will also increase by 10% - actually, more than 10% due to operational gearing, and also because its profit margin is on the up from a low base.
Insofar as anything at all can be regarded as a "solid" investment in the current macroeconomic climate, I think DX ticks more boxes (or parcels!) than most, but we shall see...
You are right to point that out. There is no denying that DX seem to be doing well but that isn't the point at issue. It's the SP.
If you are investing now you are investing in very uncertain economic times, probably the most uncertain for many, many years and it takes some nerve to do that. I think its a traders market generally but DX isn't one of those shares. I bought some at around 25./26p p a while back (not a huge amount) and I'll probably sell shortly as I think 25% or so is not to be sniffed at in the present conditions. I think we just have to accept the way it is and the real sp growth is years away unless there is a buyer.