DX Group (DX.)

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Mail, parcels and logistics operator.

20-Oct-2017 – 10.63p – £21.3m

Preliminary Results For The 12 Months To End June 2017 – Revenue flat and Adjusted PBT of 0 (+£92.1m last time). I didn’t bother reading the rest as it was just too complicated for me. I noticed also board changes announced today.

After it’s fall from grace 6 months or so ago, I just don’t know if this is a good opportunity or not – Another one for the “too difficult for me” pile this morning.

2-Oct-2018 – 9.51p – £54.6m – PER n/a

Preliminary Results For The 12 Months To End June 2018 – Revenue up slightly (which is slightly ahead of market expectations), the Loss is also smaller than market expectations.

I remain Neutral here as it’s just too complicated for me – Way too much going on.

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