Member Info for Sisteract

That may be true but Dx's depot footprint in the UK and Ireland is hardly comprehensive so increasing that footprint is integral to substantial growth whether that be organically or through M&A so my view is that additional depots are important.. I made the point in the context that DX had signposted these openings by year end in next week or so and I wondered if Gatemore's expansion review will have had any effect.

I don't think the suspension price has any relevance at all. No-one could liquidate their investment. It will be where we open if we do trade again that counts and that will depend on demand, trading, any news Dx give us and sentiment.

It seems that DX's strategy at the moment is not to take the company private although that could change I suppose but like other people on here I don't see the point. DX are meant to be announcing the opening of a few new depots by the beginning of July. I wonder if we will get that. If not I think we can safely assume Gatemore have finished their review and stuck their oar in. !

Well, I have just got back from a long weekend to lots of chat posts to read and RNS from DX.
Atlast..I need a lie down.
It's something positive, so if all goes well we could be trading perhaps October.
Where's the SP going to be.... Historically DX has always buffeted by sentiment and affected more than other larger competitors. Dx share price did nothing in 2021 despite loads of good news and figures improvement. So is that going to change.

Where is sentiment likely to be in October.Everything is on a downward spiral so I don't expect much change in that so I think unless we get loads of goods news we could be somewhere in the early 20's. Although DX were 11% up in the first half of 22 I think the 2nd half to July 2022 would have have been much tougher. It's only a guess though... I could be way out.

I don't think Meidar has been doing nothing and I agree with Ports that the expansion and capital allocation review may have already started or even completed and we'll hear some fundamental announcements in the forthcoming months.

That's why I think there must be something going on behind the scenes. Surely the ii's have had enough influence to have forced DX do do what was required to satisfy GT or get a new auditor. They will be fully aware how a forced delist will negatively affect their investment value and I can't see how they would be happy to accept that risk unless there is an agreed way forward.

Yeah, I think that would be sensible. DX look to me that they they could be getting squeezed by the likes of EVRI, Fed -Ex and Wincanton one of my other interests that's doing pretty well. DX could be left behind if they aren't looking at M&A.

Portswigger. I think you are right to bring this up. There seems to be a perception that all we need to do is get an extension, auditor, trade on AIM again and all will be OK. It would put us more on a even keel but that has nothing to do with enhancing share holder value.

DX have, unless Meidar has interfered have very grand expansion plans and it's going to be tough to finance that within existing resources especially through this period of economic turbulence. I do think the expansion plans will be reined in a little regardless of whether we delist or not. A merger or some sort doesn't seem an unreasonable possibility.

I don't see what class action we could bring. There is no losses currently so on what grounds ?Class actions take years. The institutional investors are to some degree our safety blanket. This is not a company in financial trouble with no institutional shareholders that is heading into the abyss. It's part of the risk of investing, things will and do go wrong. The ii's will have been or should be looking into options to realise some value that is undoubtedly there if the delist is imminent.Not long to wait now.

That's a good point. I can't imagine Meidar/Gatemore could possibly have envisaged demanding a seat on the board and then having the public embarrassment of the company that they have a 20% shareholding in being kicked off the stock market 6 months later . Hardly good for business. !

If it is the case that we now have only two options, the forced delist or an extension then we we really were up the creek without a paddle and I agree why wasn't a shareholders meeting called for a voluntary delist unless they are confident of getting an extension. Not much time for that rabbit. !

I agree that there is more going on than meets the eye. I think the lack information points to it but unfortunately I can't see the strategy at the moment. If there wasn't the institutional shareholding I would agree that going private would seem the obvious. I can't see how the direction of travel as we know it benefits the institutional shareholders in terms of value who own most of the company.

But they haven't made the matter public as a PLC so far and they have claimed privilege over the investigation and enquiry. Essentially without the appointment of an auditor how are they going to implement any strategy or plan regardless of what legal form the company is in. Who is going to invest, finance and in the extreme do business with company that cannot get an auditor and whose executive had had some meaty accusations pointed at them. That to me is why the corporate governance issue has to be finalised and auditors appointed.

"The auditor (within a LTD company) will mainly be concerned to a) understand what the issue is b) be satisfied it has been dealt with c) ensure the matter is now closed and d) be satisfied the issue will have no major material effect on the company going forward.

IF DX maintain their current stance as outlined in GT's letter to DX regarding their reasons for resignation how are those questions answered.?

Those same questions would have been asked by GT and they obviously didn't get a satisfactory answer. What Changes?

I have no problem with a difference of opinion or if you think my posts are naive.

For opinions to have some credibility they should really be based on fact or reasoned thought. You have implied that based on what you know about Lloyd and Co, that they are not be trusted. You imply that what they tell us may not be the case and since Gatemore came onboard they are now complicit is some sort of strategy. What about the other 40% of institutional investors ?

For the benefit of all readers you should justify a statement with reasoning. Blindly saying based on what I know about Lloyd and Co to justify anything doesn't really cut it for me. But of course people can judge that for themselves.

You make some blasé statement about it being easier to get an auditor when they delist. It's nothing to do with giving info or the share price. An auditors responsibilities don't change because it's not on the AIM. How can it be easier ?? (Care to answer that question)

Of course we can agree to differ and we haven't to long to wait for the next instalment.

Sister - I'm not inclined to believe they cannot get an auditor. !!!! .

What have DX told us in the last RNS. You are implying they are lying or pulling the wool. !!

I prefer my own take on things given the knowledge I have on LD and co. Please expand. !

I hear all the talk about how things "should" work. Problem is, the world doesn't work like that. Rules aren't followed, people/companies say things they don't mean or believe or don't say things they should.

You are implying you know better based on what you know but you offer nothing.

How on earth will it be easier for DX to get an auditor when delisted ?. That doesn't make the slightest sense.

The financial markets ..... Isn't just the share price.!!

I respect your opinion/posts but as far as I am concerned there is no credibility to them.

ATPM....... They can't get an auditor..... that tells anyone all they need to know. They can't have a strategy, direction, plan without an auditor whether public or private. There is no way forward without that and there is an impending forced delist. A history of a forced delist is hardly positive.Really can't see how you come to conclusion it doesn't affect the financial markets. The SP plummeted when they failed to produce the AR. The only thing positive for me is that there is a substantial institutional shareholding and they aren't in financial trouble as far as we know. Other than that it is a complete mess.

We know Gatemore weren't happy with the strategy..... Hence the letter /and review !

Ports. You would think that the institutional investors would pretty much be on the same page as regards their investment objectives in DX so it's difficult to understand why they haven't proposed anything else.They have nearly 70%. Surely.. it can't be well, we must have Lloyd with his 10% and that overrides everything. Why on earth would they support a BOD who have caused this disaster. Perhaps there is nothing they can do. !

They do have a very good reason for not releasing any news yet........ They haven't got any news.?

The question is why is there no news ?

Ports. In my opinion there can only be two reasons for privilege being claimed over the inquiry and Investigation.
1. It is potentially embarrassing for the Executive
2. It's release would not be good for business
If it is corporate skulduggery that would explain it. !

It's completely naive of the directors to think they can effectively brush the corporate governance issue under the carpet.

Still surprised no day to day directors have gone as the turnaround looks like its starting in the other direction. !

I don't know Ports but they must have known late Jan when GT gave notice of their resignation that they were in very serious trouble. They must have been looking at the consequences of that both business wise and on the AIM. It looks like they are completely hamstrung by the corporate governance problems. We can only wait but I would think that any enhanced shareholder value is a long, long way off. It's looking like like one of those situations when I know bad news is coming and I just want to be told as soon as possible to put me out of my misery. !!

Yes that's right, but life goes on and DX shares will have to be traded on the OTC and the fact that DX have still failed to appoint an auditor which I agree is a huge problem will continue to contribute the negligible interest and probable value of DX stock wherever it is traded.

Yes, and if we do trade on the OTC who is going to be interested in shares in a company that has been kicked off the stock market. We'll be lucky to find a buyer !!

Surely there is a " cunning plan"!