Member Info for tep1

I share your concerns, since its been a while now without update. No point complaining here though. Probably best to write to investor relations.

What will that do to the share price today i wonder?

Could be the auditor is already doing the work but wont agree to taking it on the role until a complete review. Its all speculation. I dont think it hurts to prod investor relations again wrt the Aim Rule 18.

Ports maybe time to write to investor relations.

If you check companies house, accounts made up to 30 June 2021 are due by 30 June 2022. That tells me there is still some time left to put this matter to bed. However, usually this is due 9 months after year end, so maybe a special dispensation has been sought. I expect this to go to the wire.

SFH - First one I will be missing for some time . Taking a well earned break from the markets for a little while. Will be back at some point though.

Your contributions will be missed Sister. Until then.

I have sold all my shares. My thinking is there will be a general decline before end of financial year. Happy with what i returned for the year and hope to get back in at a lower price, mid april.

GLA

"Let’s say fair value is £6, then the share buy back at £4.17 was good value."

Do you not see the problem here ? Precisely good value for whom! If the BOD bought on open market then today fair value would be achieved. Investors would flock presumably to pick up a short term gain. Existing holders would benefit with the rise in share price and liquidity. Enhanced company performance with the promise of future buy backs again on the open market would generate further interest from investors. Rinse and repeat.

Ken - I dont disagree with any of your points. Just stating the poor decision on the share buyback which has delivered muted interest from investors.

When BOD signaled a buyback at 417p the market reacted with its only worth 417p/share. And that my friends pretty much summarizes where we are today!

here's a hair brained idea. How about a share buyback on the open market!

Like a north korean rocket lifting off :)

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.

the news will be strong. But then I expect the directors will then do something really clever like announce a buyback at a no more than todays price.

Expecting it to be a great set of results and the share price will explode like a damp squib.