Member Info for PS65

Quick.... has anyone got a fire extinguisher for harrycarter's pants! 😂

Carry on being a pratt... staring Harry Carter! Best known for hits such as:

'over 100 posts in about 6 months about a share he doesn't own'

'how to deramp, an experts guide'

and 'why don't I have any friends'

Stay tuned for more (as unfortunately he has nothing better to do)

HC, you don't need to have worked on a farm to be able to smell bulls**t!

What a truly good Samaritan you are warning people that invest in shares that they may lose money. Not only that but you must be a really remarkable investor, clearly all of your other investments in your current and past portfolio have been resounding successes, hence no need to comment on any other share whatsoever. (watch out Warren Buffett, there's a new kid in town!)

It's so blatant that you have some agenda that a 3 year old could see it. You say you are commenting to "correct the rubbish on here", ah yes, I see you have a vastly superior level of detailed knowledge than anyone else. Others comment on daft things like block numbers, FID, wells, rigs, pipelines, measurements like BCF, directors holdings. Meanwhile you bamboozle us with technical terms like "dead", "worthless", "not going to happen" and "is it really worth much? I doubt it". Far too technical for my little brain to comprehend.

Whilst anyone is entitled to their opinion, saying something is worthless without any basis other than 'well that's what I think' is idiotic at best. You may, in the end, by chance be right that the company is worthless (the phrase a broken clock tells the correct time twice a day comes to mind) but you really haven't a clue and aren't a real investor, not a single comment on any other share makes that blatantly obvious. Your 284 minutes calculation is also laughable, you've commented twice today so you've checked this board twice today at least (I suspect significantly more times and the same for some time), your 284 minutes includes no time for logging on to check and reading others messages so again more evidence you are just full of bull.

Finally I see no need for me to go away from a company I have invested in (LTH), but I see no need to comment on companies I am not invested in (that would be seriously sad!) so maybe find yourself a hobby if you have all this spare time

Harrycarter - do us all a favour and just go away.

Your comment 06/09/24 "I sold my small holding at a small loss a long time ago." - Since then (in less than a month) you have written 16 comments on this share chat basically slating the company and insinuating it is worthless, dead, a dodgy racing stable (what were you smoking that day!)

Again 30/05/24 "Chariot is a tiny part of my portfolio" - Yet we have 71 comments from you, all of which are on Chariots board (no share chat comments on any other of these shares you 'own'?)

You come across as a sad lonely little man if you have nothing better to do than constantly comment on shares you say you do not own, it's quite pathetic really and no one wants to hear from you. I mean this in the best possible way... Get A Life!

Ports, I believe what Stemis was referring to was that you have mentioned "£100m of liabilities" about 3 times without a single mention of what the assets actually are. One without the other is not giving a full understanding or true picture. I nearly commented similar but thought it a bit of a waste of time in light of the offer.

If a company has £100m in liabilities and no assets, it is insolvent and unable to pay its debts. If it has £100m in liabilities and £1b in assets it has (on paper at least) a huge value, ie. £900m paper vale.

For clarity, the last available audited accounts (02/07/22) show Fixed Assets £145m, Net Assets of £72m, current liabilities of £75m and non-current liabilities of £86m - giving a net (on paper) value to the business of £56m.

This still not give a true reflection of value however as it does not include items difficult to value such as goodwill, contacts, its existing customer base (which can all be subject to opinion as to their value)

Even the liabilities you mention are not as simple as 'creditors to be paid', included in the £75m mentioned above is £10m of deferred income. This is not paid to anyone, it is simply sales that were invoiced in that year which need carrying forward to the next year because they actually relate to the next year.

Simple comments such as "they have £100m in liabilities" I find very misleading on its own. It gives the impression they have no cash and cant pay their bills. Cash is actually shown as £27m on the last accounts (and has increased over the last few years), and (not sure if still the case) but they also had a significant draw down facility available against sales (ie. short term borrowing if required), so I very much doubt they are struggling to pay creditors/liabilities which your posts seem to give the impression of.

Get a room you two 😉

Some big transactions again even at these higher prices, looks like someone might be loading up behind the scenes. Really not far off that 40p mark now

Strange that Deano and Ian seem to have received different amounts of extra shares, I had this through my Halifax Sahre Dealing

"Please be aware that elections made under the Excess Facility have been subject to scaling back. Subsequently, elections in excess of a shareholder's basic entitlement have been satisfied by up to approximately 58.406935 percent in respect of the number of Excess shares applied for."

Couldn't agree more, should be onward and upwards from here. I think there could be a very nice steady rise in this over the next 6 months

I wouldn't bother responding to him Sisteract, a quick look through his posting history shows he's only ever commented on DX in a negative way relating to deliveries, drivers and pricing (more from a customers perspective rather than investor so not really sure why he's bothering tbh)

Also previously worked at Tuffnells, so experience in the industry

Sister - "Lloyd has a 10% shareholding. I can't imagine he'd be happy that Ron Series is still in post."
I'm not disputing his holding (assuming he hasn't sold up since leaving), but it is just an assumption that he would want Ron out. For all we know they could have been covering up the CG issue together. Like many things that have happened over the last year we simply do not know.
Likewise we do not know why Lloyd left or who pushed for it.
Unless you have spoken with them or read something I haven't (?) then assuming X wants Y out of a business when they have made no comment is just that - an assumption surely?

Sister - why would Lloyd vote for his removal? Lloyd himself has already resigned / been removed and he and Ron go back quite a long way as I understand

Optimistic - Its the RNS 28th Sep 2022 detailed Capital Allocation Policy Review

DX plans of paying a dividend of 1.5p next year means (at current price circa 24p) a current return of 6.25% PA
Together with their plans for the Share Buy-back Programme, increasing turnover, profits, cash and margins.... all looks very good to me for share price growth too!
Too the opportunity for a little top up today at these prices :-)

I made a phone call to Halifax this morning and they removed the suspension in a matter of minutes. Is there some way to contact interactive investor to ask them to do the same?

Won't let me trade on Halifax Sharedealing, I know they are trading on Hargreaves Lansdown though

I really don't understand why someone who is not invested in a company (and considering their comments, appears highly unlikely to invest in said company) would be reading and commenting on a share price chat for that company.
I get they may have used DX before as a customer, but I have used countless companies on the stock market as a customer but I wouldn't even read (nevermind comment) on a share chat just having used them in the past.
Regarding the opening price, I expect it to open lower as some people bail, but I think suggestions of 3p are wide of the mark. Usually, when a company is suspended , there is a significant financial hit to their sales/profit/cash. Whilst we don't know the actual full reasons behind the suspension, we have been informed sales, profits, margins and cash are all significantly higher, this does not give the impression of a company is serious financial peril like you would usually find in a suspended company. Considering (from memory) I believe someone said DX's expected EPS were in the region of 2-4p, a share price of 3p would make no sense. Granted the markets are a little crazy right now, but I don't think we are in Looneyville just yet.

Frogjumper - Personally I have more trust in DX than I do with GT. Audits are extremely pedantic in their rules and you are unable to use items such as common sense. I personally have had to submit money laundering reports for very low insignificant amounts (as there was no de minimis) and we knew full well the reports were useless but 'those were the rules' and you faced unlimited fines and 5 years in jail otherwise.
I have reassurance the the Directors did not abort and dump their shares, rather they added to them when they saw opportunity.
Perhaps should reaproach their previous auditors, they didn't seem to have an issue completing the audit (although admittedly the corporate issue was after them)

I agree I do not think it is purely 'numbers' related in terms of sales or profits. How could you argue legal privilege in such as situation? Like tep1 says, it has been referred to as a corporate guidance issue continually throughout.
I'm also not sure you are correct in your comments that the banks that fund DX have the option to appoint auditors, as far as the figures go from what I have seen, DX are financed themselves by cash held in the bank.