Full year figures from parcel and freight delivery company DX (LON: DX.) were slightly better than expected and, despite the continued economic uncertainty, there is a lot more to come from the business. The share price has hardly moved since last week’s recommendation and the shares remain undervalued.
There were contrasting performances from the freight and express divisions. Freight went from a small loss to an operating profit of £22.9m on revenues that were nearly one-third higher. Loss making logistics contracts ended in the period.
The focus on irregular dimension and weight parcels is ...
