Member Info for Everton66

That would be terrible news on both counts!

A year ago today we got a trading update following the end of the 26 weeks to 2nd January. This year we do not even have audited accounts for the 12 months to 2nd July 2021. And not a word of substantive explanation. Really disappointing and to me, just as concerning.

Thank you for the reply. I look forward to hearing what they report back.

February tomorrow. Not a word of explanation from the company or any clue as to when the shares will return to trading. The longer this goes on the more pessimistic I become as to the nature and extent of the problems which they decline to reveal.

I was only posting it in case others might find it interesting. I wasn’t trying to pass it off as Buffettian wisdom.

Positive piece from the Motley Fool today:-

“I bought Tritax Big Box REIT and Clipper Logistics last year to make money from the e-commerce explosion during and after the Covid-19 crisis. These UK shares provide logistics and warehousing services to help businesses get their product direct to their customers. I also think DX Group (LSE: DX.) could be a great way to ride this theme.

Okay, DX might be a little fish compared to those other two. But it is expanding rapidly to exploit the fast-growing online shopping market, and has opened new depots in Dewsbury, Luton, Verwood, and Burnley in the last three months alone. I’m confident that the company’s solid cash generation should pave the way for sustained expansion too. DX Group trades at 29p per share, and I think it’s a top buy despite the threat posed by HGV driver shortages to its operations.”

Very encouraging with some positive forecasts from Liberum and finncap (first posted on ADVFN)
hTTps://masterinvestor.co.uk/equities/mid-week-small-cap-round-up-featuring-cake-box-dx-group-and-inland-homes/

They certainly do look very encouraging don’t they

How strange. Anyway things picking up a little as we look forward to Monday

Good news - results on the 8th November confirmed

Yes. Thoroughly unimpressed by Grant Thornton, and also by the lack of information coming from the company. Almost 4 months since the end of the financial year and silence.

Yes - surprising and very disappointing

What seems to me to be encouraging about this announcement, is that it is presented without any caveats about current trading. I do not see how they could put this announcement out, three weeks away from results, if there were anything untoward going on elsewhere in the business. So I take that as a positive.

Could not agree more!

I don’t think you can read it any other way than that it’s additional to the previous £6 million. The alternative interpretation would suggest that notwithstanding the assertion that turnover and profitability had both increased, over the course of the last two months their expectations had reduced by 4 million. That’s a delta of 10 million (not a 6 million increase but a 4 million decrease). It would be strange indeed if a trading update imported that degree of uncertainty into calculations about profitability. I would’ve thought that the natural meaning of the words must prevail.

Your reading of the RNS must be right. This is £6 million on top of the £10 million.