Having commented on the further “AIM IPO shame (thanks AGAIN Zeus Capital!)” from Accrol Group (ACRL) earlier, I note also an announcement today from DX Group (DX.) – shares down from a 2014 100p per share AIM IPO to a current sub 7.5p. Nomad and broker on the listing?...
Mail, parcels and logistics operator DX Group (DX.) has announced results for its year ended 30th June 2017, a self-described “especially challenging period”. These ain’t going to be good then…
Towards the end of last month I noted on DX Group (DX.) forget the planned investment, the repayment of HSBC clearly means it has been, and remains, a scramble to prevent cash crunch ahoy. There’s now a “£24m Fundraising, CEO Appointment & Board Changes” announcement…
I previously wrote on parcels, mail and logistics group DX (DX.) last month as the shares returned from suspension following reverse takeover negotiation failure – and did so more than 10% lower at 8.5p. They are now currently down below 8p on the back of a “Financing Update, Property Disposal, Gatemore Loan” announcement…
Shares in parcels, mail and logistics group DX (DX.) have returned from suspension of trading today – and are currently more than 10% lower at 8.5p…
Having on 31st March announced “strong strategic logic for all stakeholders” and “opportunity to deliver significant value” DX Group (DX.) reverse takeover discussions for John Menzies' Distribution division – and on 5th June “agreed revised terms”, there are now “Termination of Discussions” announcements…
Having listed at 100p per share in February 2014 and currently suspended at sub 10p amidst reverse takeover discussions for John Menzies' Distribution division, parcels, mail and logistics group DX (DX.) has now announced “an update on trading, reorganisation of the business and board changes”…
Shares in DX Group (DX.) are currently suspended with it looking to reach a reverse takeover agreement for John Menzies' Distribution division. This is perhaps just as well as DX has made a General Election results day “Investigation by the City of London Police” announcement…
With planning despair following trading despair recently, there is now a boardroom change General Meeting requisition at DX Group (DX.)…
Having noted previously justified caution on parcels, mail and logistics group DX (DX.), the shares had edged up to 9.5p before a “Re: Proposed West Midlands Hub” announcement last week…
I previously cautioned on parcels, mail and logistics group DX (DX.) with the shares at 30p HERE and 16p HERE. Hopefully the warnings were heeded as a “Trading update” announcement currently sees the shares 60% lower, heading towards 7p…
Parcels, mail and logistics group DX (DX.) has announced a strangely timed (9:14am) “trading update for the year ended 30 June 2016, including its proposed new central hub and contract with Her Majesty's Passport Office. In addition, it reports a change to its board of directors”. Hmmm…
A 10:51am announcement commencing “DX (DX.), the leading independent parcels, mail and logistics operator, announces an update on trading for the financial year to 30 June 2016” suggested just one thing, and yep there it is in the third paragraph; “the board now expects that profits will be significantly below current market forecasts”…
It is logical that the longer a stock or market takes to build a base, the greater the recovery when it eventually arrives will be. This could be what will be on tap at DX Group over the near term with the idea being that there will be a decent improvement in favour of the bulls.
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