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What will happen, though, when the demand is no longer "pent up"? i.e. what will be the "new normal"? That is what really matters as far as the future of IAG is concerned.

Yep, buy price now 30.45p.

For 1,000 shares, just been quoted 28.685p to sell, 28.68p to buy, i.e. bid (sell price) greater than ask (buy price). Weird.

We're already in buy territory - I'd have loaded up at 265p today if I hadn't been busy at the time.

Only last month, despite China etc, the company reaffirmed its PBT guidance of £75m for this year, which is what propelled the SP to the dizzy heights of 440p the first place, earlier this year.

We've just had a Budget of course, but according to the IFS, this will make people only marginally worse off next year, so not a major factor in my book.

If the profits guidance is again reaffirmed in the impending results announcement, this should get the SP back up into the 3s I would have thought.

Maybe...but the long-term trend is definitely up.

Should soon be back into the 30s, I would have thought. I'm already overweight, so must leave it to others to take advantage of the current bargain basement price.

Fallingknife - I think you’re overcomplicating it.

Firstly, it would be naive to think the directors don't know what's going on in their own company.

Secondly, they will have regarded the impending trading update as mere confirmation of bullish market expectations, i.e. not technically "inside information".

There is no need to theorise about “profit warnings”.

Two different directors bought less than two weeks ago. They obviously don't see today's RNS as a profit warning, quite the opposite, and they should know.

I think the company's hands are tied till they get an audit completion date from GT. Ultimately, GT will suffer a lot more than DX for this fiasco.

DX must be bitterly regretting their decision a year ago to replace KPMG by GT. Who'd have thought that something as mundane as a change of auditor could turn out to have such a damaging effect on the company and its shareholders? A salutary reminder, perhaps, of the unpredictability of the world of business.

ports - the comment by DX is obviously on Facebook as a general response - or excuse if you like - to the dissatisfied customers who are posting there. If the problem were material to trading, it would be RNS’d.

The whole industry is affected to a greater or lesser extent, but as long as DX can stay ahead of the competition, I think that’s all that matters.

"As for Trak, I wouldn't say drifting - I like to think of it as consolidating on a new price level - which I hope it can keep".

Absolutely. The big difference now is that it's being valued as a viable company, and not as a basket case. So there's no reason why we should revisit 15p - as things stand...

By the way, at the current SP level, Microlise are now in profit on their investment in Trak - as they indicated they would be in their IPO "prospectus".

PS65 - the auditor definitely won’t be James Ledward, because he was with KPMG, who were replaced as DX’s auditors about a year ago after DX ran a beauty contest.

The fact that 20/21 is therefore GT’s first audit of DX makes the current delay more understandable (though ultimately there’s no excuse).

The next we’ll hear from DX should be an RNS announcing the date GT expect to complete the audit. Let’s hope it’s soon, and that GT's chastening experience with Patisserie Valerie doesn't make them unduly confrontational towards DX.

"On a call with analysts today..."

"Today" being 24 June 2021!

237,000 in three months doesn't sound a lot compared with the company normally serving 13,000,000 per annum.

And the fleet will continue to be under-utilised for at least another 6 months.

No wonder the SP is languishing.

The whole unintelligible post could do with rewriting - while you’re at it, why don’t you add some backup?

Actually, surprised, I wasn't consciously promoting Trak, not much point anyway trying to do that on a board as sparse as this one! And I'm much less bullish about Trak than some out-and-out rampers who see it as a 20-bagger just because it's "in telematics". But after a pretty lean time in recent years, it does look set to come good, so I'll be sticking with it, while you stick with SAAS. Good luck to us both!

I’d be surprised if the delay took us beyond the filing date of 31 December 2021, but if the delay did go on much longer, I’d expect – apart from a public mea culpa from Grant Thornton - a reassuring detailed trading update from DX, which is what the market is really looking for in order to set it apart from the rest of the currently depressed logistics sector.

I've no doubt it's an exciting business, but even at 150p, ie more than 10% above the IPO price, I would say it's all priced in, so I don't envisage any sustained improvement in the SP from current levels in the next 12 months. In contrast, I believe its related company Trakm8 is still vastly undervalued, hence a much better prospect in terms of SP appreciation.

Yesterday's purchase of own shares and director's purchase appear to be undoing some of the damage done by the slightly self-contradictory - and inexplicably delayed - final results RNS, which was not well-received by the market despite confirming that the the company will have cash of 9p per share (following the imminent completion of Haydock) and that it is on target to earn 1.3p per share this year.