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FJ - I am merely referring to the statement provided so far by DX "Disciplinary matter" and notably the HRD coincidence. And drawing this as the corporate governance issue at the heart of the suspension. It sounds like Audit had a concern with a disciplinary process and were reluctant to sign off due to possible breaches and sufficient evidence being provided. I have no other further details on the case or likely scenario. The HR disciplinary process is a minefield. The company have a legal obligation to follow a process and evidence it.
I'm usually not a coincidence theorist but I'm finding it difficult not to infer from the circumstances. A disciplinary matter most usually involves the HRD. If could be the process had not been followed correctly and the audit had picked up on this.
Sister, RNS on the 4th Feb says it relates to a disciplinary matter.
The Board reiterates that the Inquiry is a corporate governance investigation and, in addition, notes that it is connected to a disciplinary matter. It does not relate to the financial performance or the financial position of the Group, consistent with the trading update released on 2 February 2022.
Didn't someone on this board say the HRD resigned recently
Nice to meet you FJ. No it was not directed at you! My rhetorical question was aimed at Zibrahimovic regarding his accusation of insider trading.
I know the feeling of being a long term holder. I bought in not far off those levels when DX was under the old management. At one point it traded briefly around 140p.
I have a question: what material, nonpublic information about the company persuaded you to buy the shares knowing they would go to £1? I tend to agree with Pianista has written about Stephen English and his over enthused estimates at the time. A lot noise to pump the share price, possibly! Its not to say it wont get there at some point when we finally return from suspension and further expansion is key to this.
Seeing a lot more dx vans about as well.
Meanwhile bau and expansion continues:
"Over 12 additional depots are planned to be added to the network over the next two years, substantially increasing the Group's delivery capacity and service levels. Between £20 million and £25 million has been earmarked in a major investment programme that will also drive improvements in parcel-handling equipment and IT infrastructure across the Group."
You mean the UT? :)
have increased their stake
ATPM - bit lost with your going private theory. In my head Gatemore would have to tender an offer for all shares and stipulate a price it is willing to pay. Assuming this price is at the current suspension price and all majority voting shareholders accept, they would would have to stump up cash for the remaining 72% of the company or 134M. Its would be a very odd move particularly since they have been gradually selling recently.
I do understand sister your bored with the share being suspended! but its 1) only in my book. 2) is only possible if someone comes knocking. Why would DX need to sell up! Could it also be that the silence from DX is all down to they have nothing further to report for now!