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Cannot thank you all enough for the sound 'advice'. It truly is most appreciated.
Few display altruism to such an extent, and from what I've read on other boards, contributors have been known make some extremely cutting remarks.
Glad and most I'm part of a board where everyone is so utterly helpful.
I am far more comfortable now, accept there may be some short term volatility, have decided to be bereft of "emotion" and follow good sound advice of my fellow contributors.
I hope one day I would be in a position to afford as sound opinions to others.
Many thanks once again.
I agree with Chelsea Deep. The AIM is absolutely shark infested. But some companies are more exposed to the sharks than others. The Aim is full of companies with no apparent clear strategy, directors who don't really communicate, constant fund raises, share dilution with the promise of better things to come and the only thing that really happens is the directors pockets get deeper.
There may be life changing investments on AIM... but both ways.
The only thing an investor can control is the profit or loss and it depends where you are on that spectrum which is determined by your attitude to risk.
When you hold a share it is natural to view a share positively. Many make the mistake of hanging on for more profit. There are always pot holes in the road but it is also understanding how the markets react to news and that only comes with experience. Worry is the worse thing but that goes the longer you invest and the more confidence you have in your investments.
In selling some yesterday, I'm sure I have left some money in the table but that's my strategy and I have already invested it somewhere else. Don't forget Deep Lombard got in a similar price to you and AB if that was true and they don't mess about.
What ever you do I hope that you will be comfortable with it and the worry starts to fade. Best . P.
When to sell? It’s a fair question, Deep, because it’s a question we are ALL faced with sooner or later.
And you never get it 100% right, 100% of the time, because timing your sells is notoriously difficult, more so than knowing when to buy, I feel.
They say “it’s never wrong to take a profit”, but that’s what people say to console themselves when they’ve sold too soon!
The traditional advice - not always correct - on when to buy is to drip money into the market to smooth out the peaks and troughs.
The corollary of that advice must be to take money out in tranches too. That has generally worked pretty well for me over the years, and it’s what Gatemore have been doing with DX: from memory, they’ve gone from holding around 35% of the shares to nearer 20% over the last year. On the face of it they’ve got it wrong so far, sold way too soon, perhaps been caught out by the overall benefit to DX from sudden and unpredictable changes to patterns of consumer behaviour. It’s just one example of how events outside the company’s control can change everything. However, Gatemore still have a substantial holding on which they are continuing to enjoy further gains, and I suspect they will be pretty pleased with themselves in the fullness of time...
Finally, Chelsea makes a good point about waiting till at least the next Trading Update - I can't imagine it won't be extremely positive. The main question is over how the market will react this time round - the 20% slide last time was bizarre, and unlikely to be repeated, though some profit-taking will no doubt cause short-term volatility.
Deep - I would wait until at least the next Trading Update, as there’s no reason to suspect it won’t be positive and reasonable to think it will land within 6 weeks. Agree with Ports re removing all emotion from investment decisions and also recommend always have some targets in mind. No disrespect to anyone here but AIM is shark-infested waters and losing money isn’t difficult.
Thank you very much Ports, Gabrie1 for sharing your pearls of wisdom and your experience.
It is most appreciated.
I've never been a greedy bloke and when I started I had I really had written off some of my investment.
That's not to say I could afford to do so or the reason I entered this game was to squander away funds.
I have faith in DXs management and I also very much value the opinions of those who post on this board.
Thank you once again. Have a good weekend all and stay safe.
Deep,
Personally I don’t worry to much about charts. Three things I really look for are margins, profitability and debt. With DX you are investing in a clear and transparent turnaround strategy and directors have so far delivered. To me that is a reason to continue. If I had your investment and profit I wouldn’t be selling purely as I think there is further headroom and sentiment is certainly positive. But if I was worrying about losing some of the 1200 profit then to be honest I would take it. In saying all that I sold some today as the sp has doubled since I first invested and I automatically sell at that point.Regardless that I think there is more SP growth I have always learnt to take emotion out of it and take my profit. None of this is advice it is just what I would do. It’s difficult if you are new the game and sympathise but it is a decision for you.
That’s a decent return by the way!
Hi Deep
Depends how long you want to hold, think it may drop down a little bit after the buying but there have been sells going through at 35p today (showing as buys on here) which is quite encouraging in itself. I think it will get in to the forties before the year is out, customer service levels will be improved with the recent fleet additions. Been holding here for a long time and as someone previously mentioned it has been a roller coaster (Menzies buyout etc). That DX is a distant memory thankfully.
Don’t think there are any worries here mate but that of course is only my opinion. All the best
Hi all
The last 30 days have seen the SP surge by almost 27% and long may it continue in the same vein.
My question, as an absolute novice, is now that I am back in the black with my tiny principal investment do I cash out or continue to keep faith in the DX.
I ask because I simply don't know how to read charts, understand PE ratios and frankly am as technically savvy as a chocolate teapot!
To make 1200 in 4 months on an investment of 15500 is big for me and any 'advice' would be most appreciated.
In many ways I'm contradicting myself by even thinking of cashing out particularly when I want to be a part of DXs growth.
But as I wrote earlier 1200 is a lot of moolah for me.
Needless to add I will never hold it against anyone if the SP increases, other than beat myself like Basil Fawlty may have. : )
My sincere apologies if my question offends, is seen by anyone as cheeky or breaches any posting rules!
Hear Hear Ports. Your honesty is palpable and no offence is taken!
I'm also at that age where my bolshie arguments were left in the courtroom the day I thankfully retired.
Just as grateful for what our country has to offer and as I wrote earlier thankful that there are folk of a similar ilk out there.
This is also the only board I have posted on simply because of the honest and helpful nature of the contributors.
Let's see what tomorrow brings...
Deep, I wasn't trying to put you in your place and I know full well in what context you were talking ... in fact I regretted my post. You are right... it is what it is, we all have to make the best of it. I've reached an age for a while now where I have realised how lucky I am to have been born in free, relatively wealthy country where there is plenty of opportunity. Millions will never experience it. I'm fortunate to have a business, a little spare cash to invest to help my kids on their way but I'm conscious that very often money is made at others expense.
Anyway, I do enjoy this discussion board. In fact it is only one I now post on as most contributors here talk a lot of sense rather than just pie in sky sp predictions.
Ports, I am and will always remain beyond passionate about local business flourishing rather than faceless conglomerates decimating livelihoods!
I did not mean to come across as endorsing the death of town centre shopping.
My point, as I'm sure you've already sussed, is, like it or not, it's been heading that way for decades. The pandemic has merely led to a surge in online consumers.
Believe you me, I would rather not make ZERO dosh than make it at the expense of another's livelihood or of the misery of others.
Some may say it's a naive and ridiculous way to live life, but that's just me!
On a slightly different note, I am grateful to be in the company of folk like you Ports who actually put me in my place when needed. Glad also to see that there are people of a similar thinking to mine!
Well Deep, I agree with with everything you say apart from endorsing the change to on-line shopping as against the high street. Sure it will ultimately be good for DX and there are no doubt advantages but the downside is the job losses, the change if the fabric of our towns and cities, the loss of identity, community, loss of revenue to the local councils. Replaced by the faceless multi billion enterprises who employ bright boys perhaps with bent pencils exploiting loop holes paying less tax than I do. That is of course..... progress. !
What greater recommendation can you have for a company when one of our contributors has "rubbed shoulders" with management.
I first came across DX in my days as a Solicitor when the company primarily delivered legal documents. Hence, as I'm certain most will know, the name "Document Exchange".
Who would've thought 2 decades down the line I'd be holding shares in the company!
The top and bottom is that when 20 million shares are snapped up by the creme de la creme, the DX fleet is in being increased by such large numbers, good quality management leading the way etc, etc, then small fry like me will continue to have faith in the company!
I also very much endorse the change in consumers attitude to online shopping and with high street retailers dropping like flies, the writings on the wall.
Interesting to note that still no RNS with the acquisition of 20m shares by the big cheese.
Onwards...
tep - it's the quality of the management - who I've had the privilege to rub shoulders with - that has kept me on board.
I don't think he bought on the strength of a "tip" he saw on Twitter - he's just having a little joke against himself. Twitter was just the means by which his attention was drawn to this share. He obviously bought on the strength of his subsequent research into the company.
deep I like your faith - I have been under on this share before so I can tell you from experience how that emotional roller-caster feels. I held up to 2mil shares at one point. I am confident freight and logistics services market will continue to increase as consumers transition habitually to online for retail. This model has far more reach and accessibility than the legacy highstreet. Covid has cemented peoples shopping preferences and there is no going back in my opinion. There are some retail brands which will strive for quality to meet customer satisfaction and will need the support of quality brands in the delivery space as well. With Brexit there are other opportunities as well before even looking at 3PL/4PL. Lots of competition I agree, but what DX has is a great brand and more importantly the experienced management for this turnaround - Ron Series and Lloyd Dunn are no light weights.
Just watched the YouTube clip and frankly don't know whether to believe it or not.
20m shares like he was buying a bag of jellies before going into the cinema.
A great scoop for the company and particularly from someone so well respected.
My recent post about continuing to have faith in DXs management, following on from prompts by vastly more experienced contributors than myself, clearly has paid off.
Long may the upward trend in SP continue and long may the management continue to surprise us with positive news.
Still not done by any means, and wanted to thank all who have helped and persuaded me to continue to have faith in DX.
Cheers and once again GLA.
You couldn't make it up: Got this tip on twitter... worth a punt. Quick chat with the horses mouth... Ok I'll buy 20M shares. Sounds like the investment strategy of my mate Dave down the Dog and Duck.
If it was two weeks ago we should have had RNS of the New Holding by now.
Pw, madness about twitter!
port, I'm assuming like wiseys that they bought them off Gatemore, who sold a couple of weeks ago.
Well Pianista, If they were only just bought there is a few days yet to RNS. Did I hear right.... someone told him about Dx on twitter.
20m shares is 3.5%. But there was no RNS. Strange.
Wow..great plug...Andy Brough at Schroders is a top name...20m shares bought presumably off Gatemore...great endorsement...he's one of the top UK PMs
Mention about 41 minutes in
https://youtu.be/SW0iDZER2d0