Member Info for Deep333

Much obliged Ports.

Clearly I was reading too much into the new appointment.

Having perused the results, and as a number of contributors have already commented, the figures are mighty impressive with a clear belief that HIGs offer is somewhat paltry.

Moving on to the results, and primarily because of you having mentioned this previously Ports, tucked away under "Exceptional Items", I too picked up the £1.6M hammering in respect of the CG debacle with no mention of the Tuffnells settlement figure "without admission of any liability" of course!

Clear evidence of the previous Board's complacency and blatant illegal activities, which whilst it resulted in those responsible getting their deserved comeuppance, came at a considerable cost to shareholders, both financially and mentally.

So what's next!

The formalisation of HIGs 48.5p offer by no later than 9 October or slightly less if a 1p dividend is set to be paid out?

Seems rather pointless to pay a dividend if the amount is going to be reflected in any formal offer from HIG!

Perhaps a bidding war, which would be the icing, although I appreciate you believe that HIGs offer is a fair one, Ports!

Perhaps, although extremely unlikely, DX refuse a formal offer of 48.5p?

Watching this space with baited breath.

All's still very rosy in the garden.

Onwards and GLA.

Anyone attach significance to the appointment of a non-executive director, particularly at this juncture?

Does the move strengthen the Board and possibly ensure any buy out proceeds to fruition?

Perhaps a position of strength &/or informing HIG and other potential bidders that business is proceeding as normal, and we are not bothered if no formal offer is forthcoming.

Furthermore, any recruitment drive would've been in the proverbial pipeline months ago rather than a recent development?

The appointment perhaps comes with the blessing of HIG?

Am I reading too much into this?

Thoughts please.

PS

Definitely with you re Murphy's Law, Tep!

Morning all

Indeed PEng. Quietly excited about the next week or so.

Needless to add, I've never been a part of a sell off, nor have I had the opportunity to observe the nuances/shenanigans of the AIM in such depth.

By far, assuming all goes to plan, this would be my largest profit take, albeit as a result of sheer luck.

However, after what we all have been through over the last few years, I believe we more than deserve it.

Also, according to the trading statement of 18 July, results are "expected in early October 2023".

So, interesting times...

Wishing all of us the best of luck and good fortune.

Onwards ... : )

You've done it again Ports. Many thanks for making perfect sense.

PEng, in terms of the "timeline", this is what Chat GPT spat out.

"The timeline for receiving cash for your shareholding in DX Group Plc after a formal offer is made and accepted by HIG Private Equity can vary.

It typically depends on several factors, including regulatory approvals, shareholder voting processes, and the terms outlined in the offer.

Here is a general outline of the steps involved:

Offer Announcement:

HIG Private Equity would make a formal offer to acquire shares of DX Group Plc.

Shareholder Approval:

Shareholders of DX Group Plc would need to vote on the offer.

This process can take several weeks, and the outcome may influence the timeline.

Regulatory Approvals:

Depending on the jurisdiction and the industry, regulatory authorities may need to review and approve the transaction.

This can add further time to the process.

Settlement Date:

After all necessary approvals and conditions are met, a settlement date is determined. This is when shareholders who accepted the offer can expect to receive payment for their shares.

Payment Processing:

The actual payment process can take several days to weeks, depending on the volume of shareholders and the payment methods used (e.g., electronic funds transfer or checks).

Payment Receipt:

Shareholders should receive their cash payment shortly after the settlement date. The exact timing may vary based on individual circumstances and the terms of the offer."

Not a single word can I take credit for, so please don't shoot the messenger. : )

Onwards and most definitely upwards!

Quick update to advise that this morning I am able to sell my entire holding! I give up. : )

Any views on the widening gap between the proposed offer and the current SP and the reason for the SP dropping 2.5p since the announcement?

I have a trading account with the Halifax Share Dealing Service.

Clutching at straws, but could this be the reason?

Then around 15:45 I was finally allowed to sell, but only in tranches of 10,000.

I'm aware that trades were taking place but cannot explain why I wasn't allowed despite being beyond squeaky clean!

I even phoned up the Halifax and perhaps unsurprisingly they were as useful as a chocolate teapot.

As I wrote recently, long way before I lose those "L" plates.

Appreciate your post "email". Thank you.

Very insightful comments.

Attempted to 'pseudo sell' (cant think of how else to describe it) my holding but was unable to do so by any other means than a negotiated order.

In a nutshell would be stuck even if wanted to sell.

So fingers crossed that DD comes up trumps and the proposed figure of 48.5p is offered.

GLA

Nice of you to pop by Sister. : )

A interesting point about the dates on the Letters of Approval and the RNS date which also reinforces Ports point about negotiations having been in play for a while.

Not only does the above come across as a "grey area" but, dare I say, is the way of the AIM!

No doubt most would still be holding had there been any inkling...

With all the nuances of the AIM, it'll be a long time before I can get rid of my 'L' plates!

Many sincere thanks for taking the time and sharing your pearls Ports.

I continue to learn enormously and am very grateful for all the contributions on this chat, which I believe will stand me in good sted.

Watching this space in anticipation.

GLA.

May I please throw a couple of questions to the floor and please do excuse my naivety.

A non-binding offer of £0.485 has been put forward and HIG have until 9th October to formalise the same.

Would I therefore be correct to conclude if I decide not sell my shares in the interim that I will receive £0.485 per share upon 'completion' of the sale, assuming HIG do not change their minds &/or reduce/change their offer etc.

Secondly, as the SP has been hovering around £0.435, and notwithstanding associated risks, is it worth buying more shares?

I ask as there has been a flurry of buying activity since HIGs offer was made public.

PS

Wouldn't it be fab if competitors did emerge?!

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. : )

Many thanks and much appreciated Ports.

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?

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.

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...

Hope this helps, PEng.

The link worked for me.

Https://liberum.com/videos/firesidechat-dx-0723/

Thank you Tep.

Glad I'm still holding albeit by sheer luck.

As I've always said, but for the pearls of folk like your good self I would most certainly be like a fish out of water.

Indeed, most people make their "own luck" Tep. Dare I say it, I'm even becoming bold enough to look for other companies to invest in.

Onwards, GLA and have a good weekend.

Tep, I had every intention to sell up and scarper on 2nd August, but had an emergency that day.

Not only did the emergency pan out, but when I returned home I saw that the SP had risen to 34p.

To be perfectly honest, I thanked my lucky stars and even bought a lottery ticket (not a sausage btw).

The long and short, I'm still holding and since then have watched the SP rise from 32 to 36.25.

As a novice this is where I become a ditherer and come unstuck. "Should I stay or should I go"!

I remembering reading a post a while ago (think it may have beem Ports) where he opined that once he always took a profit if his goal was reached and had no regrets if the SP rose further.

So, Tep, is I'm still in and am glad to be holding, albeit as a result of sheer luck than good judgement.

Onwards to a dividend announcement, positive FY 2023 results, directors buys, breaching 40p and leaving dark days behind us.

GLA : )