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Yes of course. It's just my assumption and view. It may well be that Lloyd was happy to go and wanted out and he thinks Ron Series does a good job. I think that is unlikely but it may be true.!
Lloyd has a 10% shareholding. I can't imagine he'd be happy that Ron Series is still in post. Corporate Governance was his remit. It is primarily his handling of this shambles that must have been the root cause of Lloyd leaving DX. Regardless of past relationships things change. The previous board were all well known to each other for a very long time and it completely fractured.Ron Series in my opinion has no chance of surviving. Even if Lloyd supports him I don't think it will make any difference. He's swimming against a tide of sentiment against him.
Why wouldn't Ron Series just resign. As long as over 50% vote for removal he will go. I think it would be nailed on with the two biggest shareholders and Lloyd voting for any resolution for removal. I don't think he has any chance. I thought if the majority of the current board vote for him to go 75%, he is gone away. We don't need the added complication of an EGM.
Yeah... just filter Ports if you think his posts are a bit negative. Personal comments aren't necessary. I personally value his opinion, there is always a dose of well thought out reality. Business is tough and the headwinds are strong. At least he doesn't ramp like most AIM boards with pie in the sky valuations like £1 from VOX markets.
just read the rns's. it's all there.
Yeah... it's good news that the suspension is lifted and the share price is roughly where most people thought. I'm keeping my powder dry though. The exercising of the substantial share options by Lloyd at any time and I would think he would do it soon if he thinks the value is good. So we will have a dilutive effect for while even with a staggered share buy back. I think there will plenty of opportunity to buy dx shares in the low to mid twenties for a while yet. I think anything 40p plus is at least end of 2023.
I don't see many DX vans in the rural north but the odd one I do see is reasonably clean. it must be all that big city pollution.
in notice that DX have a vacancy for a customer service advisor - ref... 'us embassy'. I wonder what that's about .
Back to the important stuff. Dx Nett Cash at year end 2022 rose to 27M quite a jump from 2021. Good News.
Yeah.. just the once as an adult for a week to see everything. I think once you've seen the tourist stuff, taken the pictures for posterity, I don't see what else it has and why I would keep going back when I can visit most european cities of interest for less cost and in many cases less time to get there. The tube and in a nod to ports musical analogy the "road to hell" would drive me bonkers. Nothing against anyone from London who I'm sure will know a lot more about London and love it.
I've been to London once and from what I saw most drivers are maniacs.!!
Agreed on the PR stuff. The vans ordered only seem like Long Wheel Base trasit vans so it's really nothing to shout about apart from saying the politically right things at the right time.
Some good PR this morning. I wonder if it is primarily driven by Ikea rather than DX as it is a well known stated ikea objective. The supplier is a warrington based supplier so it all makes sense. It's a start and it's positive.
It is totally outside DX's control. Their nominated advisor has requested more corporate governance work from the board. It only when this is done to the satisfaction of the of the Nomad, discussions will then take place with the AIM with view to lifting the suspension. It's the AIM's decision... no-one else's !
There's no silver lining here. The suspension price is irrelevant.. it can't be traded. Just because it was suspended at 30P doesn't mean it will open at 30p when the suspension is lifted. Its anyone's guess what the MM's price it at. ?
Isn't it nice to read an RNS from a AIM listed company that is actually in shareholders best interests. I for one was very critical of Gatemore's interventionist and aggressive attitude to DX but this is good news and I hope it stays that way. DX also say that they hope to have full year 22 accounts out in November which means PKF have been working their socks off so credit to them. It's interesting that DX still see great potential in Express despite difficult trading conditions and competition levels. I'd agree that Paul Ibbetson would be a strong candidate for CEO if he wants it.!
Sandhuh, We all know. And with a bit of simple research you can find out to. !!
Well Yes, but don't forget this report is for year ending July 2021. A long time ago. I'm not sure 2022 will be as good... its been a very different picture. The report makes interesting reading on first view.. not least how well the board... feather their own nests. !!
Well Summed up. This company isn’t worth 75m based on the financials. It’s worth 75m on a promise. Someone on this board told me the value is the IP. The Tech IP they are now changing to a more general IP. How is this company going to-get to 150m, 200m kcal. Certainly not on the current strategy.... maybe the shock wave will do it. I was partly attracted to this company on the margin, no debt etc etc but with such a low turnover it’s irrelevant.How are they going to increase their turnover 1000% plus. I just don’t see where that is coming from.
IM stated that the majority of their business is in the USA. Shouldn’t they be thinking of domiciling over there looking to list on the Nasdaq. It’s well known that American companies prefer to buy in america. Even my super optimistic crystal ball doesn’t see a big American player buying a small British software company turning over a few million and still making a loss.
Yes, it was a positive presentation, bird's always are and IM speaks well. But there were some negatives in the presentation that I commented upon. It's all very well saying we'll see shockwaves through the industry but how does that enhance shareholder value. IM readily admits that bird is a disruptor technology and it is priced accordingly.. ie it's priced keenly in a competitive market as IM admits.
If they have the best product supported by IP why are they not charging for it and more importantly why is there not wider take up. What are we banking on, the PBB customer in the USA is announced, the industry is shocked to its core and customer after customer is banging on birds door with wads of dollars. Really !!!!
Some worrying comments coming out of the investor presentation in my view. By Ians own admission the relationship with Tata Communications is disappointing..Town News have lost a customer and they are no longer involved with Liverpool. All pretty much glossed over. Ian states the share price is good value...well he's hardly going to say anything else is he. Let's hope the new hires can bring a change of fortune but it is obviously a while away.
This is a jam tomorrow share. Reading this board and advn consisting of comments from technical brains better than mine it is quite obvious that bird have a good product. The problem is we don’t invest in a product.... we invest a company. If the company can’t monetise the product profitably to a level that enhances shareholder value what is the point. Making big plays on white papers is all fluff.
Sell the bl**dy stuff. !!!. . I still have faith in the team but it is waining. They’ve been talking a good game for to long now. !!!