Even at 40p dx will be less than half the market capitalization of stobart. Post merger dx would have a combined net income excluding cost savings still greater. So could the share price be worth more?
4 - 6 x is conservative in my opinion. JM trades at 64 x and taking into account other smaller distribution companies trading over 20 x why wouldn't this be valued higher with a good brand and shared cost savings when combined!
change of terms ... at least 40p now!
I'd agree 75p would be well over 30x earnings. Whereas mid 20s is still only 10x and I think this is closer expectation of value in the short term. I dont recall a share dilution ever being mentioned?
A new issue of 800M shares for the reverse takeover. The new company will have approx 1.5B in revenue. There will be shared cost savings in the region of 15-20M. A new CEO and chairman of DX group also.
Sounds like GCM are saving face! I mean si there any reason why they cannot continue with the requisition; why withdraw it ? Its a long time to wait and a lot can happen but I hope for a good deal. Anyone got a view on the opening price though if it ever does ? I'm going with 26p.
Its lowball target for any takeover. This share still holds good value even into the 20s. Great point ojls Gatemore see value in this share and a long with other IIs.
Weren't Tuffnells bought out by connect group for £114m in 2014? Thats almost 7 times our market cap. Just saying
You still here H-hi?! Given up on your your gloomy drop to 1p I see. There are big buys coming in for this undervalued share! LOL
But why did you expect a large drop when the fundamentals show this share is remarkably undervalued already.
stockmarketeye.com I have used several and spreadaheets also. by far the best
2016 revenue was 10M shy. The retail home delivery market is gaining traction because business rates make high street retailing unfeasible. There is consolidation happening in the market. Last time I checked Royal mail were pushing up their prices
Look I think you are being irrational. 2015 revenue was £297.5m. Like you said you see value in this share otherwise you wouldn't have averaged down.
I've stated what I expect. It is still well undervalued. Think like an institutional investor DX will come back they are still profitable and their value will be appreciated in the long term
H-hi pick yourself up - lol - the only one being super gloomy is you! DX are still making money so why should the share drop when it is still great value. They will continue to reduce costs and pay of their debt. There are backup plans and there are potential new contracts in the pipeline.
H-hi pick yourself up - lol - the only one being super gloomy is you! DX are still making money so why should the share drop when it is still great value. They will continue to reduce costs and pay of their debt. There are backup plans and there are potential new contracts in the pipeline.
Thats nimbyism for you! Its another setback but DX will regroup from here . Still undervalued this share. I predict a static price tomorrow.
Axa drops 8 million shares and Gatemore buys 11 million. it seems strange such a high reduction in the share price!