DX (Group) plc ("DX") is an independent mail, parcels and logistics end to end network operator in the UK and Ireland (Eire) established in 1975, delivering approximately 170 million items in 2013. DX provides next day delivery services for mail, parcels and 2-Man deliveries to business and residential addresses nationwide, for both public and private sector companies. In particular, DX specialises in next day or scheduled delivery of time sensitive, mission critical and high value items for B2B and B2C customers. In March 2012, DX acquired Nightfreight, subsequently named DX Freight, a specialist in the field of irregular dimension and weight freight in the UK B2B and B2C markets with over 7 million deliveries per annum.


IPO Date - 27/02/2014
DX.:LSE is traded on the London Stock Exchange Alternative Investment Market (Aim)

https://www.thedx.co.uk/

Acquisition of certain assets from City Link
RNS
RNS Number : 3320B
DX (Group) PLC
06 January 2015





AIM: DX

DX (Group) plc

("DX")



Leading independent parcels, mail and logistics operator



DX acquires certain assets from City Link (In Administration)



DX, the leading independent parcels, mail and logistics network operator, announces that it has reached agreement with the Administrators of City Link Limited ("City Link") to acquire certain City Link assets, comprising cages, scanners and certain intellectual property, for a total cash consideration of £1.125m.



Petar Cvetkovic, Chief Executive of DX, said:



"It is very sad that City Link has been unable to continue as a going concern, particularly for its employees and contractors. The Administrators are now proceeding with an orderly sale of assets and we have made a limited investment to acquire certain assets.



We are also doing all we can to provide opportunities for former City Link employees and contractors and to offer solutions to Customers who may need a new carrier."

Half yearly report

Market buzz - The price war in the logistics space has put a major dent in the share price of recently floated DX Group. After jumping as high as 145p last May the shares closed on Monday at 94.75p. The decision by Amazon.com to launch its own delivery service has not helped matters any. Conditions are so difficult that even the demise of competitor City Link, on Christamas Eve, has failed to benefit any of its competitors. The company says some rivals "continue to offer unsustainably low prices". Maybe so, but as history suggests, price wars can go on longer than logic would suggest, writes The Times's Tempus.

Conditions are so difficult that even the demise of competitor City Link, on Christamas Eve, has failed to benefit any of its competitors

Really ????

Clipper logistics seems a better bet at the moment.

Final Results
RNS
RNS Number : 5930Z
DX (Group) PLC
21 September 2015





AIM: DX.



DX (Group) plc

('DX' or 'the company' or 'the group')



Leading independent parcels, mail and logistics operator



Preliminary results for the year to 30 June 2015



It should be noted that the comparative results for the prior year include eight months when DX was under private equity ownership and only four months as an AIM-quoted company with a recapitalised balance sheet.

KEY POINTS

· A satisfactory performance - continuing progress with business transition



Financial



· Revenues from ongoing activities of £297.5m (2014: £304.2m)

- progress with new customer wins offsetting programme to exit commercially unattractive contracts

· Adjusted EBITDA steady at £33.7m (2014: £33.7m)



· Adjusted PBT of £26.7m (2014: £27.7m) / Statutory PBT of £24.8m (2014: loss of £55.7m)



· Adjusted EPS of 10.9p (2014: 10.7p) / Statutory EPS of 9.9p (2014: loss of 70.2p)



· Strong cash generation from operating activities of £27.7m (2014: £23.8m)



· Net debt reduced to £1.8m at year end (2014: £12.2m)



· Significant capital expenditure of £9.9m (2014: £8.7m) - to support OneDX programme



· Proposed final dividend of 4p, taking the total for the year to 6p (2014: 2.0p - in respect of the four month period post AIM admission)



Operational



· Continued progress with OneDX programme

o all trading entities integrated under one company structure

o operational management brought under a single reporting structure

o key functions centralised, including sales, operations, customer services, finance, HR and IT

o ongoing network consolidation and development



· Acquisition of certain assets from City Link (in Administration) and purchase of a 49.8% shareholding in Gnewt Cargo, a zero-emissions logistics company



· Ongoing IT investment to enhance service levels



· Proposed development of a major new hub - 44 acre site in the West Midlands acquired, subject to planning consent



· Board confident of strategy to deliver long-term growth



Petar Cvetkovic, Chief Executive Officer of DX, said:



"We have continued to make steady progress with our OneDX programme. This substantial and ongoing investment across the business supports our aim of providing enhanced delivery solutions to our customers. It is also creating a more efficient operating structure to underpin our offering, which is based on a market-leading range of services, value and high customer service levels.



"Trading conditions in the second half remained challenging and given these tough conditions the performance of the business for the year has been satisfactory. The group continues to generate strong cash flows, which supports our investment programme, including our proposed major new hub, and our progressive dividend policy.



"Looking forward, our OneDX programme remains a key focus and we have a solid strategy supported by a robust balance sheet. Trading conditions continue to be tough but we are well placed to take advantage of any improvement and we have started the year in a positive manner. The Board remains confident of our strategy to deliver long term growth."

oops, 3 brokers with TP of 110p - 115p. Got to love these experts.
2517

Is it ready to bounce after last Friday disaster at 25p?
it went to 27p earlier and since a 50% intra day retracement

why the collapse on friday?
markets were weak, but that is disproportionate

thought the same but my online broker doesn't recognise the stock so can't trade.

I thought the ticker was DX.

cp1

It is DX. the ticker. plenty of movement yet up and down, some they want to get out others like you thing is overdone, give it time to settle if you still keen on them @ 25p they yield 10% on the 2.5p company said will pay next year, below a resume of what happened last Friday............

DX Group trading update sees the shares tumble: is the sell-off overdone?

The trading update from the parcels, mail and logistics operator, for the financial year to 30 June 2016 has seen the shares more than halve in quick time. Clearly some big holders have had enough! However, the severity of the sell-off suggest some irrational Friday selling may have got the better of them. A bargain on offer or more to fall?

The trading statement confirmed that trading conditions in the new financial year remain challenging, with pricing pressure a significant factor. The DX Exchange operation is experiencing a higher than expected level of volume erosion and there have been increased cost base pressures, mainly arising from driver resourcing issues (where there is an industry wide shortage). In addition, the new business pipeline in the parcels operation, while healthy, is converting more slowly.

Revenues for the first four months are 5.3% down against the prior period and profits will be significantly below current market forecasts, being previously for pre-tax profit of £27.45m and eps of 10.9p. The proposed dividend payout for the full year is now 2.5p per share (from 6.10p) which equates to a yield of a whopping 10% at the now discounted share price, seemingly well covered by earnings, although not necessarily by cash. Debt is also forecast to climb given the proposed investment. Management commented how they are “positioning the business for long term success, creating a more efficient operating structure to support our services under our OneDX programme.” That all sounds reasonable if some short term pain will result in future gain, however Mr Market seems to think it’s all terminal.

House broker Zeus has taken a hatchet to estimates: EBITDA is cut by 42% to £20.0m in FY16 (previously £34.5m) leading to earnings declining by 55% to 4.9p. The dividend is cut to 2.5p (previously 6.2p) and it is forecast that it will remain at this level in both FY17 and FY18. Net debt increases to £26.5m and £40.0m in FY16 and FY17 (previously £18.5m and £40.0m), however, this assumes an investment of c. £37.0m in to the new hub, weighted 60% in FY16. Excluding this investment net debt would be below £10.0m in FY16 falling marginally in FY17. Earnings estimates are therefore forecast to fall over the next 3 years 2016/17/18 to 4.9p, 4.7p and 4.3p respectively Assuming the now lowly 25p share price this puts the shares on a June 2016 multiple of 5.1x rising to 5.8x in 2017. Arden Partners arrived at an even more drastic scenario with revised forecasts: 2016 Revenues £301m to £288m, PBT £27.9m to £9.9m, EPS 10.7p to 3.9p DPS 6.1p to 2.5p

For those after a ‘possible’ 10% yield who are happy to wait a few years for growth to reappear, it could an interesting one.
Http://www.investorschampion.com/blog/entry/dx-group-aimdx.-trading-update-sees-the-shares-tumble-is-the-sell-off-overd#sthash.Umz9tgfD.dpuf

Thanks. Equiniti doesn't recognise the symbol :-(

DX (Group) PLC (LON:DX) was downgraded by research analysts at Numis Securities Ltd to a “hold” rating in a research report issued on Monday, Analyst Ratings Network.com reports. They currently have a GBX 33 ($0.50) price target on the stock, down from their prior price target of GBX 110 ($1.67).
Numis Securities Ltd’s price target indicates a potential upside of 43.48% from the company’s current price.
http://www.dakotafinancialnews.com/dx-group-plc-lowered-to-hold-at-numis-securities-ltd-dx/656040/

RE: way oversold ?

P/E Ratio TTM 2.11
Price to Sales TTM 0.16
Price to Cash Flow MRQ 4.71
Price to Free Cash Flow TTM 4.71
Price to Book MRQ 0.24

This afternoon has settle and looks ready for the much expected bounce
order book has change also and is at the moment slightly stronger on the bid side
and on the ticker there is 5 buys for every 1 sell now

cp1 - try dx..l which works on ig ...... you're correct that the underlying ticker is dx.

having read the stuff that mentor kindly posted, this looks like one to trade quickly -watch for bear closing perhaps tomorrow as dow now very strong (+120) and ftse showing +35 after close - or be prepared to hold for a long time and hope there are any more skeletons

==============

re driver shortage
racing certainty that in line with so many of these companies, they treat their drivers very badly and pay the bare minimum ..... chances are that they demand that their drivers are self-employed, so they get screwed even more badly ...... that would be why they churn staff ..... a really dumb attitude to their most important asset

Is it ready for the bounce @ 21.25p?
The lowest point was last Friday @ 18.75p, has been rising since
the level 2 just now is a bit weak at the bid price after the 1p rise

The sings are that the bounce is certainly on
on a strong order book as share price movement up on any small buying

Indicators at oversold are rising also

23.75p +1p

And a nice follow through this morning, up another 1.25p on what comes into sight a big red day for the general market.

After the rise, an as the market got more negative there is a 2 ways trading, will take it a consolidating