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/

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

Interim Results were on 16th February last year.

DX, the leading independent parcels, mail and logistics operator, will report results for the half year ended 31 December 2015 on 29 February 2016.

Half Yearly Report

EY POINTS

Financial

· Half year results in line with revised management expectations

· Revenue of £141.6m (2014: £147.4m)

· Adjusted* profit before tax, before one-off exceptional item, of £2.4m (2014: £10.7m)

· Profit before tax, before one-off exceptional item, of £1.3m (2014: £9.9m)

· Goodwill impairment of £88.4m (2014: nil) in the period - a non-cash charge - reflecting challenging industry conditions and profit decline

· Reported loss before tax, after exceptional item, of £87.1m (2014: profit of £9.9m)

· Adjusted EPS of 1.1p (2014: 4.3p) / Reported LPS, after exceptional item, of 43.6p (2014: profit of 3.9p)

· Net debt at 31 December 2015, a high point in the annual cycle, of £12.3m (2014: £12.1m)

· Interim dividend of 1.0p per share proposed (2014: 2.0p), subject to shareholder and Court approval of a capital reduction. Board commitment to full year dividend of 2.5p per share

Operations

· Plans are in place to proceed with the third party development of the new central hub in the West Midlands subject to planning permission and developer funding, that will:
o require no additional debt borrowings for DX
o provide for significant operational and financial benefits
o enable DX management to remain focused on delivering the OneDX strategy

· OneDX integration programme progressed steadily - with two further site co-locations and additional IT integration

· Continuing service improvements - with launch of 'DX Parcel Exchange' service - offers customers a market-leading 'pick up and drop off' solution

· Sales team transformation completed - now beginning to deliver material new business wins to replace managed exit of low margin contracts

* The following definition has been applied consistently throughout the announcement of interim results:
Adjusted profit before tax and adjusted earnings per share:
· exclude the £1.1m amortisation of acquired intangible assets for the six months to 31 December 2015 (£0.8m for the six months to 31 December 2014 and £1.9m for the year to 30 June 2015). The remaining amortisation relates to capitalised developed software that is being written down over 3 to 5 years.
· exclude £88.4m exceptional items reflecting impairment of goodwill (£nil for both the six months to 31 December 2014 and the year to 30 June 2015).

Petar Cvetkovic, Chief Executive Officer, commented:

"Half year results are in line with revised management expectations, having been substantially impacted by the specific trading pressures outlined in November. The management team continues to focus on responding to these issues.

Although market conditions remain difficult, we have completed the managed exit of a number of unattractive contracts and have seen our sales team start to secure attractive new contracts. In addition, we continue to make steady progress with our strategic OneDX programme including our plans to develop our new central hub.

Despite the current headwinds to the business, and with much to do still in the seasonally important second half, the Board anticipates that the Company will trade over the full year broadly in line with its expectations. We continue to position the Group for longer term sustainable growth and the Board remains confident in the medium term outlook for the Group."

Cantor Fitzgerald Hold 22.50 26.00 26.00 Reiterates

Cantor Fitzgerald Hold 19.88 26.00 23.00 Reiterates

Acquisition of Legal Post and First Post

DX, the leading independent parcels, mail and logistics operator, is pleased to announce that it has exchanged contracts for the acquisition of the trade and assets of The Legal Post (Scotland) Ltd ("Legal Post") and First Post Ltd ("First Post") from First Scottish Group Ltd ("First Scottish") for a total consideration of £3.25m in cash, with completion expected at the end of May.

Legal Post provides a document exchange and postal service in Scotland, delivering legal documentation quickly and efficiently. First Post operates a Downstream Access mail service in Scotland offering a high quality, cost effective alternative to Royal Mail's first and second class services. The operations generated combined sales of £5.2m and operating profit of £0.6m for the year ended 31 May 2015.

Following completion, DX will combine Legal Post and First Post with its existing operations in Scotland to offer an enhanced service to both sets of customers. It also anticipates making cost savings of at least £0.6m.

Update on the proposed West Midlands hub

The Board of DX announces that, at the local authority planning hearing held late last night regarding the development of the Company's proposed new central hub in the West Midlands, the planning application was not approved.

The Board of DX will now consider its options, including an appeal against the decision, in consultation with its planning and property advisers. A further announcement will be made in due course.

Trading Update

DX, the leading independent parcels, mail and logistics operator, is pleased to provide a trading update for the second half of the financial year to date.

Trading to date in the second half of the financial year has been in line with management expectations, with customer renewals at the DX Exchange operations at anticipated levels. The Company therefore remains on course to meet management expectations for the financial year.

The Board is reviewing its options regarding the proposed new central hub in the West Midlands. These options include an appeal against the decision by the local authority planning hearing to decline DX's planning application, as announced on 18 May.

Management continues to position the Group for longer term sustainable growth and the Board remains confident in the medium term outlook for the Group.

Trading Update and Board Change

DX, a leading independent parcels, mail and logistics operator, provides a trading update for the year ended 30 June 2016, including its proposed new central hub and contract with Her Majesty's Passport Office ("HMPO"). In addition, it reports a change to its Board of Directors.

The Company is pleased to confirm that trading for the year ended 30 June 2016 is in line with management expectations, following a satisfactory second half. In terms of progress with its proposed new central hub in the West Midlands, the Board is proceeding with an appeal of the decision made by the local planning authority announced on 18 May, as well as considering suitable alternative sites. Regarding its contract with HMPO, the Company is pleased to confirm that the tender process is now underway with the outcome expected by October.

The Company also announces that Ian Pain, Chief Financial Officer, has decided to step down from his role and the Board to pursue new opportunities. The process to identify his replacement is underway and Ian will remain with the Group in order to ensure an orderly handover with his successor. The Group will make a further announcement regarding an appointment in due course.

DX's full year results are scheduled to be announced in mid-September 2016.

Results imminent.

GCM Partners II L.P. > 3%

Preliminary results for the year ended 30 June 2016

KEY POINTS

Financial

· FY results in line with revised management expectations and reflect the impacts outlined in H1

· Revenue of £287.9m (2015: £297.5m)

· EBITDA of £18.0m (2015: £33.7m)

· Adjusted* profit before tax and exceptional items of £11.5m (2015: £26.7m)

· Exceptional (non-recurring) items of £92.1m - includes goodwill impairment of £88.4m (2015: nil) as announced with the interim results, a non-cash charge which reflected challenging industry conditions and profit decline

· Reported loss before tax of £82.7m (2015: profit of £24.8m)

· Adjusted* EPS of 4.9p (2015: 10.9p) / Reported loss per share of 42.1p (2015: EPS of 9.9p)

· Net debt at 30 June 2016 of £9.8m (2015: £1.8m)

· Proposed final dividend of 1.5p per share (2015: 4.0p), subject to shareholder approval and in line with Board's commitment to full year dividend of 2.5p per share

Operations

· Strong focus on addressing the trading issues of H1 including:
- DX Exchange; H2 renewals in line with management expectations
- Driver resourcing issues; now stabilised but ongoing higher costs reflect continuing shortages of CPC-qualified drivers

· Continued progress with 'OneDX' programme - including network development and IT infrastructure investment

· Ongoing improvements to customer service including launch of 'DX Parcel Exchange' service, a market-leading 'pick up and drop off' solution

· Planning appeal submitted and public consultations commenced in respect of a revised proposal for potential new central hub in the West Midlands

· Post period, further targeted investment in IT and sales

· Outcome of HMPO contract tender expected by the end of November

· Daljit Basi appointed to the Board as Finance Director - see separate announcement

· Integration of Legal Post and First Post resumed after lifting of CMA's Initial Enforcement Order

* Adjusted profit before tax and adjusted EPS exclude amortisation of intangibles and exceptional items






Petar Cvetkovic, Chief Executive Officer, commented:

"It has been a challenging year, with the specific trading pressures we reported in the second quarter of the year having a substantial impact on profitability. Our focus has been on responding to these pressures while also driving forward our 'OneDX' programme and further improvements to our already high levels of customer service.

We continue to take positive steps to address the Group's performance and to support this we are making further targeted investment in IT and sales. While there are still uncertainties ahead as we await the outcome of the HMPO tender process and our planning appeal, we have confidence that our business transformation plans will deliver long term benefits."

Board Appointment

Numis Hold 21.25 23.00 23.00 Retains

Cantor Fitzgerald Hold 21.25 23.00 23.00 Reiterates

Gatemore Capital -> 5%

Posting of Accounts & Notice of AGM