DX Group

Can DX Group deliver for investors?

Can DX Group deliver for investors?

6 mins. to read

At first glance shares in delivery services business DX Group (DX.) appear to be attractive. Trading on a multiple of just under eight times forecasts for the current financial year the valuation looks cheap. With net debt almost wiped out following a ¬£200 million IPO placing in February 2014 the balance sheet has been significantly…