Member Info for snowy111

looks like summer will be okay now.. ill have a drink to this mrngs RNS

all I am concerned about is the deal going ahead

That is promising, as I am sure the new appointment would be familiar with the investigation and wouldn't take on a role at a company that is in trouble with the law.

Are you worried about the police investigation result in terms of the deal not going ahead between DX and MNZS?

I miss you. What you thinking

unfortunately I feel are problems are deeper than this reverse take over now, feel we will be lucky if it take place

do we laugh or do we cry ..

who is the proud owner

lucky we still in suspension

Post from advfn chat room ; Updating my previous analysis:- Acquisition of Menzies brings about £25m a year. Assuming a very conservative 4-6 x ebit then a value of around £100-150m. For that we are paying £40m in cash and some shares. Implied value of shares is around £60-110m. The new shares issued are around 1.9 times existing shares (i.e. 65%/35%) so values existing DX. at around £32m - £58m. That's about 16 - 29p. On top of that is annual £10m cost savings worth about 7 - 10p a share (on a 4 - 6 x basis)

what are people thinking ?

level of communication from DX.

DX care to comment ??

*JOHN MENZIES POSITIVE START TO YR *JOHN MENZIES CONFIDENT OF DX GROUP DEAL CONCLUSION IN SUMMER

errrrrrrrrr hello 4,573,593 buy of shares

https://www.google.com/url?rct=j&sa=t&url=http://www.telegraph.co.uk/business/2017/04/07/board-logistics-group-dx-wins-reprieve-activist-investor-shelves/&ct=ga&cd=CAEYACoUMTM5OTQyMDc3OTQ0MDQwOTQ4MjUyHGQ4MDU0MmM1MDUxYThjZmI6Y28udWs6ZW46R0I&usg=AFQjCNFisHoFpW-xSbBuHP6CsDDuYAHBvQ

Shootiii , where you think this settles ?

31 March 2017 AIM: DX. This announcement contains inside information     DX (Group) plc ("DX" or "the Company" or "the Group")   Unaudited Interim Results for the six months ended 31 December 2016   DX, a leading independent mail, parcels and logistics network operator announces its unaudited interim results for the six months to 31 December 2016.   KEY POINTS   Financial   ·      Revenue of £142.7m (2015: £141.6m)   ·      EBITDA of £3.9m (2015: £5.6m) / Adjusted* PBT of £0.6m (2015: £2.4m)   ·      Reported LBT of £29.3m (2015: £87.1m) - after exceptional items of £28.8m, relating mainly to goodwill impairment (2015: £88.4m)   ·      Loss before tax and exceptional items of £0.5m (2015: £1.3m profit)   ·      Adjusted* EPS of 0.5p (2015: 1.1p) / Reported LPS after exceptional items of 14.4p (2015: 43.6p)   ·      Wide-ranging review of the Company's operations underway to improve financial performance and increase revenues   ·      Refinancing terms agreed which better match the needs of the business     Operations   ·      Change in overall revenue mix resulted in lower average margin   ·      Parcels & Freight revenue increased by 2.8% to £80.3m: -       Strong volume growth at DX 2-Man but flat growth in DX Courier and DX 1-Man   ·      Mail & Packets revenue declined by 3.6% on a like-for-like basis but is up 1.0% overall at £55.5m: -       Decrease in DX Exchange was in line with management expectations -       Growth in DX Secure was below targeted levels -       Addition of Legal Post and First Post, acquired in May 2016, added £2.6m of revenues                                                                                              ·      Logistics revenue decreased by £1.7m to £6.9m but prior year included £4.3m of low margin discontinued contracts.  Significant

looking positive

*JOHN MENZIES POTENTIAL COMBINATION OF DX & MENZIES DISTRIBUTION *MENZIES TO SELL DISTRIBUTION UNIT TO DX FOR £60M CASH, SHRS *MENZIES SEES COMPLETION IN SUMMER 2017