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/

Interim financial results

Financial highlights

- Revenue from continuing operations increased by £4.7 million or 3.2%

- EBITDA before exceptional items of £13.5 million is consistent with the six months to 31 December 2012 but is stated after charging £1.4 million of additional operating lease costs in relation to new vehicles. These new leases replaced vehicles previously acquired under finance leases with the related costs declared as finance charges and depreciation

- Cash generated from operations of £15.3 million

- Senior debt repayments of £24.1 million

- Sale of DX Business Direct for £5.5 million, yielding a net profit of £1.2 million before tax

- As this statement of Interim financial results relates to a trading period prior to Admission, no interim dividend is declared. Based on the Directors' expectations of current and future trading a dividend will be paid for the year ending 30 June 2014 (for the proportion of the year for which the company's shares were trading on AIM)



Operational highlights

- New Customer wins in targeted sectors to commence in the second half

- Upgrading and rationalisation of operating facilities continues including multi-site relocations to three new facilities at Heathrow, Plymouth and Exeter

- Continued roll out of the new Delivered Exactly branding to replace the Nightfreight (now DX Freight) brand. Winner of the best B2B brand initiative at the B2B Marketing Awards 2013

- Investment in IT infrastructure, including a new data network across DX Freight

- Development of integrated software across DX Express handheld devices, enabling transfer of deliveries between B2B/B2C networks and providing for a reduced number of delivery routes




http://www.moneyam.com/action/news/showArticle?id=4777610

Moving nicely north now.

Trading update

RNS


RNS Number : 2776M

DX (Group) PLC

15 July 2014






AIM: DX



DX (Group) plc

("DX" or "the Company")



Trading Update



DX, the leading independent parcels, mail and logistics network operator, is pleased to announce an update on trading for the year to 30 June 2014.



Trading during the second half of the financial year, which traditionally accounts for a significant weighting of the year's trading profit, has been good and the Company is expected to report full year results in line with current market expectations.



Full year results are expected to be announced on 29 September 2014.



It is worth noting that results for the year ended 30 June 2014 will incorporate a period before DX's Admission to AIM on 27 February 2014, in which it was in private equity ownership with a significantly different capital structure.

Final Results

RNS


RNS Number : 7971S

DX (Group) PLC

29 September 2014












AIM: DX





DX (Group) plc

("DX" or "the company" or "group")



Leading independent parcels, mail and logistics operator



Full year results for the year to 30 June 2014



Key Points



Please note that these results include eight months of trading with the pre-AIM admission capital structure and four months of trading with the recapitalised post-AIM admission structure.



· Maiden full year results in line with market expectations



· Admission to AIM & Placing in February 2014 - recapitalisation has substantially strengthened DX's balance sheet



· Revenues from ongoing activities up 4% to £304.2m (2013: £292.5m)

Total revenues up 2% to £312.0m (£305.7m)



· EBITDA of £34.4m (2013: £34.4m)

Pro forma EBITDA, after all lease costs, up 2.4% to £33.7m (2013: £32.9m)



· Exceptional items and non-recurring costs totalled £59.0m and mainly related to financial restructuring completed prior to AIM admission



· Proposed final dividend of 2.0p per share in respect of the four month period post AIM admission



· Encouraging progress over the year with turnaround programme and operational initiatives



· Positive outlook - strengthened platform to pursue growth strategy





Peter Cvetkovic, Chief Executive Officer, commented,



"Our recapitalisation and admission to AIM in February has marked an important point in DX's development. We are now very well placed financially and operationally to pursue our long term growth strategy, underpinned by a strong balance sheet and good cash flows.



Over the next three years, our main focus continues to be on the turnaround of DX Freight, the underperforming delivery business we acquired in 2012. Hand in hand with this, we are streamlining and developing DX's distribution network. Our goal is to create a 'OneDX' culture and service offering, underpinned by enhanced technology and unified systems. This transition puts us in a better position both to grow profitably and to provide Customers with the outstanding service delivery that we are constantly striving for.



We have accomplished much in the year. Trading in the new financial year is in line with management expectations and we continue to view prospects for the new financial year positively as we implement our turnaround and efficiency programmes."

Is this just a natural dip between results?

In March 2012, DX acquired Nightfreight, the market leader for irregular dimension and weight freight in the UK B2B and B2C markets with over 7 million deliveries per annum. Nightfreight, subsequently named DX Freight, was an under invested and poorly performing business that DX acquired as a turnaround opportunity. The above has a 3 year window to turn it around. The results were inline. I see two holdings comp increased holdings and one pulled out in the last few days. Just looking at UK Mails sp has dropped from a high of £7+ to todays 399p, with cantor giving a 700p buy rec. seems over sold . One I hope comes right.

British bulls .com -


DX(GROUP)



Last Signal: STAY SHORT


Last Pattern: BULLISH ENGULFING



Last Close:
98.0000


Change:
+1.5000

Percent change
+1.55%

ourbanner01




Signal Update

Our system’s recommendation today is to STAY SHORT. The previous SHORT signal was issued on 16/10/2014, 15 days ago, when the stock price was 100.9000. Since then DX.L has fallen by -2.87%.

Market Outlook

Alarm bells are ringing for those holding short positions. We are on the verge of telling an end to the bearish phase in the market and acknowledge the ascendancy of the bulls.

Signal Update

Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed above the confirmation level which was at 91.2500, and our valid average buying price stands now at 93.2500. The previous SHORT signal was issued on 16/10/2014, 39 days ago, when the stock price was 100.9000. Since then DX.L has fallen by -7.58%.

Market Outlook

The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.


http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=DX.L

Acquisition of minority stake in Gnewt Cargo

RNS


RNS Number : 1595Z

DX (Group) PLC

09 December 2014






AIM: DX

DX (Group) plc

("DX")



Leading independent parcels, mail and logistics operator



Acquires significant minority stake in 'green' delivery services provider,

Gnewt Cargo



DX, the leading independent parcels, mail and logistics network operator, is pleased to announce that it has acquired a 49.8% shareholding in Gnewt Cargo Limited ("Gnewt"), the fast-growing environmentally-friendly delivery services provider, for approximately £1.75 million in cash on completion. The co-founders of the business will retain the balance of shares in Gnewt and will continue to lead the ongoing growth of the business following acquisition. Supplementing the founders of the business, DX will be appointing two directors to the Board of Gnewt.



Founded in 2009 with the aim of reducing pollution, particulate emissions and congestion, Gnewt operates a fleet of over 100 electric zero-emission vehicles, including cargo-cycles and minivans. It offers multi-drop 'last mile' delivery services in Central London.



Gnewt has been independently verified to cut carbon dioxide emissions per parcel delivered by 62% and its services have won multiple awards, including most recently, Corporate Environment Winner 2014 at the National Institute of Courier awards and the Transport Solutions Provider of the Year 2014 from the Energy Saving Trust Fleet Hero Awards. In addition, its delivery services achieve 99.5% on time and accuracy.



Gnewt has grown rapidly since inception and by 200 per cent over the course of the past year to achieve annualised revenues of approximately £3.75 million and EBITDA of circa £0.3 million. DX will be supporting Gnewt's continuing growth and, in particular, the roll-out of its services across other cities in the UK. The investment will provide new capability for DX's existing Customers in the Legal, Financial and Public sectors as well as enhancing its existing operations in both the high street and Ecommerce retail arenas.



Petar Cvetkovic, Chief Executive of DX, commented:



"I am delighted that Matt and Sam, who both co-founded Gnewt, have chosen to partner with DX. We use Gnewt's services ourselves and therefore know just how efficient and Customer-focused they are - and, of course, how they help to reduce emissions and make city centres better places to be. We now look forward to working with the Gnewt team to expand their environmentally-friendly 'last mile' delivery services to other UK cities. We will be combining Gnewt's technical expertise with DX's funding support and core volumes to start-up Gnewt locations across the UK."



Sam Clarke, co-founder and director of Gnewt Cargo, said:



"The idea behind Gnewt was to offer an outstanding delivery service within city centres while making a difference to air quality and people's well-being. Gnewt has grown fast over the last five years and we want to take our service to other UK cities. DX shares our vision and like us is passionately committed to delivering a great service to Customers. We are very excited by this new partnership - it represents a new stage in our development and growth."

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