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.









