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Stake building going on or an existing share holder is buying. The RNS or absence of will tell us. ! 1% of the company bought in two transactions.
E-mail. Dx have advised that the next trading update will be in Feb ahead of the March interims !
Yes ports. The new board excluding any potential CEO consists pretty much of "money men" and experience in logistics a lot less than the previous board at the sharp end. They seem to have two pretty able MD's in Paul and Martin who are not on the BOD. Personally I'd like to see an experienced transport/logistics person at the helm for a bit more balance. Gatemore put the team together as they did in 2017...let's hope success is repeated.
Well I've travelled to the other side of the world for Christmas to receive such a patronising response !
Aren't I entitled to a different view ?
It can't be because I'm a g**l could it....Surely not !! I'm better off outa here. !!. Merry Christmas.
I think we'll beg to differ. Mobile phones and cloud native editing are miles apart.. chalk and cheese. !
I'm slightly amused by your last point. "you create a world and bring everyone to it" what with £11m". Bigger Boys with huge pockets not affected by economic conditions would have done something about it if that was the case. By SS's own admission they can't even get existing clients to get the most of codec 9. Some admission !!!. They haven't brought everyone to it so far.?
We are both shareholders I presume, on different sides of the same coin. You're obviously a bit more optimistic than I am but stripping away the noise, fluff, excellent PR and the mastery of corporate speak they are currently making a loss on a relatively tiny turnover in a potentially worldwide market. In spite of that they will create the future and bring everyone to it. I look forward to it. !! If they do it will be some watch !
I do like your posts Pokerchips. You present a very good well thought out case as does IM and team. Sometimes I get swept up in it but then I look at the figures. !!!. Companies can't keep losing money and if it's taking 2 years plus to come to fruition on a slow burn and we have no detailed visibility as far as I am aware of profits and further research expenditure regardless of 11m in the bank they may need more money.
"The next CODEC is almost ready , but they say that it is so advanced that the market isnt ready for it yet ...SS said that a lot of their customers dont even get the most out of Codec 9...."
That is a statement that would worry me. Having a product that the market isn't ready for regardless of the industry is a very hard slog. !. If there isn't the instant demand for it you have to educate the industry and a tiny UK software company isn't going to do it. If their customers aren't getting the most out codec 9...Why aren't they not making sure they do.. rather than chasing codec 10 that no-one is ready for.. There's no point in being ahead of the game if it's going to take an age to get there.
I really would like to Join the bird fan club but it's hard when the premise is... "it's looking good for few years down the line folks.!
Thanks for your reply and insight Pokerchips and your enthusiasm for the direction bird is heading in. With my investing head on Bird are still making a loss. The world is changing hence the fundraise and it may change again.Bird in my view have a window in which they have to make hay, I don't think anyone can know how long that window is. It's not always the case that that you that don't grow any business by expanding what you offer. You can do one thing very profitably and there are plenty of examples of that.
I take your point though. Expanding offerings can be important but it will cost.
The Bird product can't be cost prohibitive based on their turnover/customers so I struggle to understand why there hasn't been far greater take up generally if the product has been that good to date.
I'm really 50/50 on this. I have to put my faith in the in directors of the company to know what they are doing but ultimately it's about sales, profit, nett cash etc and shareholder returns and so far lots of positive spin doesn't really do it for me.
only time will tell.
Exactly Monty. Notwithstanding IM being a very skilled PR operative and on the face of it a very credible CEO. The underlying issue for me is the Tech. Cloud is around for a while... what comes next... something will Sky, Edge computing and god knows what else. How will that affect bird, keeping up and investment needed. I don't profess to be any form of expert and I'm sure the techies will have a view. But everything changes.
I don't know Pokerchips. Bird have had some pretty big names onboard for quite a while now and it's never been translated into figures. So what...yet another big name.. 400K a year over 5 years... well that's really going to shoot the lights out. I really don't know where this heading....maybe it's the start of something..maybe it isn't and in my opinion the" trust us ' jam tomorrow approach that bird seems to have adopted is waring a bit thin.!
Since when do AIM listed companies do anything for the convenience of their private investors. ?? Most of the time they are just a source of finance. Not so much in DX's case though. !
Interesting that there seems to be a bit of rush to exercise share options. I wonder why that would be. !!?
Well Yes, obviously Frogjumper. Everyone's spins in self interest.. that happens all the time. It was just an innocent conversation with a postie. In fact in her case it was more about the change in her hours rather than the current pay offer.
No probably not but I was just repeating part of a doorstep conversation and it's always good to get comments from the sharp end. ! She actually provided some interesting views and it's not exactly in her view as it's portrayed in the press but it doesn't disguise what a complete mess they are in.
Yes Ports, it's one gigantic mistake for want of stronger word. Not only very costly in financial terms but it also cost them their jobs. They must look back on it and wonder what they were playing at. !!. I really hope we don't see Lloyd again.
Interestingly, I was talking to the postwoman in the small village where I live yesterday and she was telling me of Royal Mail's troubles, how much business they are losing to evri and the other carriers. Apparently, the rumour round the camp fire is that IDS will be split up and businesses sold off as it's only GLS that's making any money.
Yes ports 75m in outstanding options is a lot. You’d think that if a dividend is not far away these will be exercised. DX are going to need a couple of exceptional years in profitability and free cash to finance the expansion, possible dividend, share buy backs etc, etc. All in the face of a contracting economy and serious recession. !
At the bottom of the appointment RNS today.
Manu. The new chairman Mark Hammond has 700,000 shares in DX. Ie : skin in the game. That’s good news.
I'd agree with that Ports. I for one was very critical of Gatemore throwing their weight around but it seems to have been of benefit to us all. They obviously have the backing of the other Institutional shareholders and will still have their hand on the shoulder of the new board. We are a long way from the conspiracy theories earlier in the year. Hopefully DX can now concentrate on doing what they do best. Hopefully with a new CEO and Non Exec vacancy to fill we will have a team focussed on growing the business and enhancing shareholder value. Please to see the new chairman has skin in the game.
Ports... I'd agree that the lack of info on a new CEO(acting or interim) and Shareholders meeting is strange, but then again information feed is not one of DX's strong points. I'm beginning to wonder if the groundwork is being laid for Lloyds return. After all it's just a continuation of his strategy and reading between the lines I think Gatemore may want him back. I also think you are right regarding RS share options and that detailed negotiations are taking place.
We're all concerned about the share price, but the heard won't be coming to DX... why would they. I've revised my view and expectations If we got over 35p next year I think I'd be jumping through hoops. Talk of 57p and VOX markets £1 is just fodder for the gullible private investor imho.
There is no one individual responsible email. It's a complete failure of the board that is why most of them have gone one way or another. Just Ron Series to go.
He was asked to return to the position of Executive Chairman by the board on the 6 September and it was stated he would be in post until a new CEO was appointed. Perhaps this pressure from Gatemore tells us that the announcement of a new CEO is imminent.