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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
Further to recent press speculation, the Board of DX confirms that it has received a non binding and conditional proposal from H.I.G. European Capital Partners LLP ("H.I.G.") regarding a possible all cash offer for the Company at a price of 48.5 pence per DX share (the "Proposal").
Sold a tranche at the last few months 37p target price today.
February Interims gave info on the Interim divi, which was paid in March.
I would guess that October's Final Results will announce a Final Divi to be paid in November.
Hi all,has there been any talk of a divi with DX.
Many thanks and much appreciated Ports.
Deep... Updated shareholder list on DX website... shareholder section.
Registration of charge is filing history - Companies house
Ports, may I please ask where I can find the information re the registered charge as well as the updated significant shareholder list.
I've hunted for it buy haven't had any luck.
Is there a link you can post on the group?
RNS 14th June 2023 I think this refers to
Interesting registration of a charge between DX and Verdant Regeneration for a site in Ilkeston a few weeks ago.
Anyone heard anything about a dividend in the not too distant future.
Interesting that the DX website has updated the significant shareholder list. The most striking is that Schroders who held 5.57% of the company on the 27 Feb now hold 3.21% on the 9 August. A reduction of 13M shares and no notification to the market. !. Lombard increased their holding by about 1% - 8.48% to 9.40%.
I don't attach great significance to it , but a II selling around 40% of their holding would have raised a few eyebrows if it had been RNS'd which it should have been. But it's the AIM.....!!
Good to have you back Ports and yes Sister's wisdom is very much missed.
I was meant to scarper a little while ago but as a result sheer luck ending up not selling.
Since then I have held firm and see the SP rising towards 40p within 4-6 months.
The dividend would be the icing on the cake.
In terms of the "fireside chat", other than what has already been spoken about ad nauseam, nothing new, but positive nonetheless.
I don't know what you all thought of the fireside chat ?. I won't bore you all with my points, but ultimately I wasn't impressed and I can't see a clear strategic direction that will enhance shareholder value.
Sorry to see Sister go, I thought she talked alot of sense. After watching that I may not be that far behind but I'll probably wait for the divi.
The Board will provide a further update on trading with the announcement of full year results, expected in early October 2023.
Morning all
Apologies in advance if I've misunderstood your question PEng, but this is what I came across.
If I'm not mistaken, results for 22/23 are expected around the 23rd of September.
In relation to the dividend, if confirmed, as follows;
"DX (Group) plc intended to recommence dividend payments in the current financial year ending 1 July 2023 and is targeting a total dividend for the financial year of 1.5 pence per share.
This is anticipated to be paid in a ratio of approximately one-third: two-thirds. The interim dividend for the current financial year is expected to be paid after the announcement of the interim results in March 2023 and the final dividend after shareholder approval at the AGM towards the end of calendar 2023."
GLA and onwards...
Morning, when are we expecting results for 22/23, start of October?
Do we have a view on when the remaining dividend would be paid if confirmed?
Thanks in advance
Thanks Everton, yeah it’s a sensible approach and adds further weight to the current valuation target
Been waiting for a dip for a top up but no such luck, shouldn't complain though, its been pretty much straight line up from the start of June.
I would expect revenue to be £60m higher by 2025 just assuming they take on 30% of Tufnell's revenue. Then they have the improved margins, which I am pretty confident about because we are already seeing it being achieved. Since 2020 margins have increased from 1% to close to 7%, an ultimate margin of 10% would not be unthinkable given one less competitor. We may see a delay in achieving the ultimate margin target given integration and one offs but cash flow will see a boost.
For a company with a 5 year EBITDA > 20%, rising margins and solid decent revenue growth its on a very undemanding valuation. I think 50p is as good a target as any!
No link but revenue estimates up to 532m with operating profit left at 39.1m so operating margin down from 7.9% to 7.3% (something which Liberum say leaves room for upgrades). Guessing they want to see how the new business beds in before they change their views on bottom line impact
Do you have the link to it? Assume it doesn’t include the Tuffnells impact yet
New Liberum research note out today - buy - unchanged target price - 50 pence
Thanks Deep, much appreciated
Hope this helps, PEng.
The link worked for me.