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This kind of drop can't just be 'manipulation', someone is offloading at v low prices...

Thanks.

Well, I'm still not sure I understand why Dx., a company in the delivery & logistics space, has escaped the travail of others in cyclical industries (not that I'm complaining). I look at the chart over the past few years and see that the company's shares are only around 25% down from the 2021 peak. That's pretty good going when you look around, esp on AIM.

Anyway, hard to doubt that the Tuffnells situation (sorry for them) will put wind into DX's sales, profits and share price. The start (resumption?) of a divi paid a couple of months ago must've helped too.

Thanks gents. Enjoy the sunny Saturday!

Thank you Parcelman.

In my simple way, I'd expect delivery & logistics to suffer in a recessionary environment so I'm not altogether surprised that Tuffnells are in trouble. Actually I had expected the macro environment to play out negatively for Dx - at least this was one of the concerns - so what does surprise me is that the company appears to have escaped these difficulties. Are Dx management that good operationally and in their performance (as compared to Tuffnells)? Have I alighted upon a company with smart management for once? Surely not, with all the troubles Dx has been through in the last year or so. Any thoughts on why Tuffnells are in trouble but seemingly Dx not, most welcome.

Any links about Tuffnells being in difficulties or is this just a rumour?

Ashley isn't picking up shares in Boohoo, that's Asos mate, jeez!

Ahoy fellow investors,

We're holed beneath the waterline!

I know! And after the year the company has had?? Simply for doing something as obvious as cutting costs when margins have disappeared they get a million quid bonus? No wonder they're not bothered about the share price! In good times and bad, management always enrich themselves and the 'independent' BOD say "help yourselves". They must think we're stupid and in many ways we are.

That's all we need, a compliant BOD completely in the pockets of the Kamanis! Disgusting they got this bonus.

'The management team were awarded half their potential maximum bonus of double their salary as they had been “very agile in driving cost reductions across the group".'

God knows how much they'll get in better times with the revamped incentive scheme. That's *our* money going elsewhere. Dividends anyone? lol forget that!

I hear you disco, but they don't need to comment on it. They could've correctly notified the debt position in the accounts and left it at that rather than also highlighting it in the narrative. Seems like a warning to me. Hope I'm wrong.

VERY!

And yes, last results say things are stabilising, but it'll take a while to turn sentiment for the company and sector around. A takeover bid for ASOS might provide at least a temporary boost over here.

Reardon, but I'm not sure over the past 18 months that the results have been 'very positive', nor the outlook 'strong'. Suggest the declining share price has generally reflected deteriorating results and outlook. Perhaps not so much now, but sentiment is at rock-bottom.

Not only has this been a dreadful long-term investment, but it's also been almost impossible to average down successfully in the hope of trading some for a quick 10% profit, so consistent and relentless has been the descent. Result is I've got far too much stuck in this dog and I suspect I'm not the only one. Not only was picking retail as a sector a mistake, but online retailing the worst part of it.... compare the performance of clothes retailers like Frasers, Next and Inditex with Boohoo, and ask which would've been a better investment in this post-pandemic period?

Pretty depressed about it - all one can do is learn.

Market's not finished reacting negatively to those full year results published 2 days ago - 2.3p to sell this morning - suspect people are spooked by this, tucked away in the outlook section:

"The Directors also draw attention to the Group's senior debt arrangements with Bank of Ireland, where £6.8 million was outstanding at 31 December 2022 (c.£6.0 million following a repayment in June 2023) of an original principal of £17 million borrowed in 2018. This debt facility comes around for repayment, extension or refinancing in September 2023, and while the Directors are confident in the Group's ability to do so, this is nevertheless a project that needs to be successfully executed".

That looks like fair warning of a capital raise to me.

Hope you're right jmak, but the fact that the likes of Balfour Beatty are happy to pick up these highways contracts from Costain suggests that they can make them work while Costain can't seem to. However, a little bounce back this morning.

Q3 expectations and analysis provided on this board by Silverblade & others proved to be spot on. Q3 revenue indeed marginally less than Q2 and the disappointment is how long it's taking for sales to gain any kind of meaningful traction... however markets taking it all in its stride this morning (so far).

It's good to have the RNS out. Ordinarily this might be a buying opportunity, but management's past mistakes in pricing and executing contracts makes it hard to feel reassured.

39p winning. We need good news before the inevitable next fundraise... or else we'll all be diluted out of the game.

Thanks for that link, slave. Presume this is what's dropped the share price this morning.

So what's the verdict on these sales? Selling the family silver at fire sale prices or a sensible shoring up of the balance sheet?