Xpediator Plc (XPD.L) Announced that Cenkos Securities Plc has been appointed with immediate effect as the Company's Nominated Adviser and Joint Broker alongside its existing Joint Broker Cantor Fitzgerald Europe.
Xpediator PLC (XPD.LN) - Share Price 32p, Mkt. Cap. £43m – Withdrawal of forecasts and research coverage • To comply with MiFID II we are withdrawing forecasts and research coverage. • As of today, we are no longer acting as Nomad and joint broker to Xpediator PLC.
Xpediator,, a leading provider of freight management services across the UK and Europe, is pleased to announce that Cenkos Securities plc has been appointed with immediate effect as the Company's Nominated Adviser and Joint Broker alongside its existing Joint Broker Cantor Fitzgerald Europe. Established in 1988 by Stephen Blyth, the Group's international...
#XPD - ''Tougher trading'' - ''Previously we highlighted the scale of the investment programme being undertaken in the business during 2019. This investment in headcount and IT infrastructure has been accelerated in order to reflect opportunistic events, notably a large customer providing notice on an existing contract and preparations for a ‘no deal Brexit’. Unfortunately trading in several businesses has failed to match previous expectations, which would have otherwise covered the rising costs. The E-commerce division has suffered the most in terms of trading, with approximately half of the reduction in divisional EBITA due to the investment required by a large forthcoming contract framework with a sizeable customer. The combination of the higher costs associated with expanding the number of geographies within the franchise network for EshopWedrop and flat revenues have resulted in a modest reduction in profitability versus previous expectations. Within the Logistics division, more than half of the divisional profit shortfall reflects the decision by a customer of Delamode UK to exit the Group’s large facility in Braintree, Essex. As a result, management has decided to upgrade the facility to enable higher margin fulfilment capability, replacing the current low margin storage offering. Unfortunately, in the meantime the facility will need to temporarily close in order to carry out the upgrade. Trading elsewhere has performed at least to budgeted expectations. Both Anglia Forwarding and Pallex Romania continue to perform strongly, with the recovery at Benfleet ongoing. The smallest division, Affinity Transport Solutions continues to trade well and in-line with expectations. As such, we have reduced EPS estimates by 25.5% in FY19 and by 13.3% in FY20. Owing to ongoing strong cash generation, we now anticipate net cash at the year end to be £4.1m. Our DCF and dividend discount model suggest a fair valuation of 60p /share, which would give a FY20F PER of 12.3x and a FY20F PEG of 0.3. - For full note click here:
RNS Number: 2348 H Xpediator PLC 30 July 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Xpediator Plc (XPD.L) Announced, in its trading statement, that the business is on course to meet market expectations for revenues in the current year of over £200 million, profit before tax is anticipated to be materially below market expectations. The Board is pleased that the turnaround of Benfleet continues, Anglia is performing strongly and the Romanian Pallex business and Affinity are also trading well. The generation of operating cash flow also remains satisfactory.
Xpediator,, a leading provider of freight management services across the UK and Europe, announces the following trading update for the year ending 31 December 2019.. As a result of a large customer recently giving notice in respect of its contract with Xpediator's UK logistics division to utilise the warehousing facilities at Braintree, the Board has decided...
The Board of Xpediator,, a leading provider of freight management services across the UK and Europe, notes that pursuant to the acquisition of Regional Express Limited, as announced on 6 November 2017, a final deferred consideration payment of up to £350,000, based on the performance of Regional Express is payable to the vendors of Regional Express.
Xpediator,, a leading provider of freight management services across the UK and Europe, announces, that resolutions 1 to 4 and 6 to 12 proposed at its Annual General Meeting held on 6 June 2019 were passed. Established in 1988 by Stephen Blyth, the Group's international network of offices provides road, sea and air freight services, together with logistics and...
#XPD Today’s RNS confirmed that the Group is trading in-line with market expectations, benefitting from strong progress within the Freight Forwarding division. As such, we maintain our expectation of 16% y-o-y top-line growth, believing the bias towards H2 trading (responsible for c.56% of annual revenues) warrants our ‘no change’ stance. A high Free Cash Flow yield such as 10.9% for XPD is often an indicator of significant undervaluation in a company’s shares, in this case due to Brexit fears. Our valuation/share of 74p shows to what extent such worries appear overdone with the stock at 45p.
Xpediator Plc (XPD.L) Announced that Stephen Blyth, currently Chief Executive Officer on the company, will become Executive Chairman with effect from 1st September 2019, Stuart Howard, currently Chief Financial Officer, will become Chief Executive Officer and Alex Borrelli, currently Non-Executive Chairman, will become Senior Independent Non-Executive Director. Also, its stated in its trading update, that trading in line with market expectations. Demand for freight management services remains strong across all three divisions and the company is benefiting from increased activity. There continues to be a good pipeline of M&A prospects made up of a range of bolt-on opportunities each of which would add significant value to the company.
RNS Number: 2915 B Xpediator PLC 06 June 2019 6 June 2019. The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations No. 596/ 2014. Xpediator,, a leading provider of freight management services across the UK and Europe, announces, ahead of its annual general meeting later...
BUY recommendation on Xpediator out today from Growth Company Investor Magazine. With Editor David Thornton commenting on acquisition opportunities for XPD “the market is huge so there is no shortage of opportunities.” To read the article...
Xpediator,, a leading provider of freight management services across the UK and Europe, announces that Geoff Gillo has sold a total of 32,000 ordinary shares of 5 pence each in the Company at a price of 49 pence per Ordinary Share to fund the exercise cost and income tax liability arising on the exercise of the options as announced on 16 May 2019..
RNS Number: 6643 A Xpediator PLC 31 May 2019 31 May 2019. Xpediator, a leading provider of freight management services across the UK and Europe, announces that in accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, it has 135,994,480 ordinary shares of 5 p each in issue, none of which are held in treasury. RNS is approved by the...
RNS Number: 2509 Z Xpediator PLC 16 May 2019 16 May 2019. Xpediator,, a leading provider of freight management services across the UK and Europe, announces that Geoff Gillo and Alex Borrelli,, exercised options over a total of 625,000 ordinary shares of 5 pence each in the Company at an exercise price of 24 pence per share. Gillo holds 208,333 Ordinary Shares which...
RNS Number: 0386 Z Xpediator PLC 15 May 2019 15 May 2019. Xpediator,, a leading provider of freight management services across the UK and Europe, announces that pursuant to the acquisition of Easy Managed Transport Limited, as described in the Company's admission document dated 8 August 2017, a final deferred consideration payment of £831,250 for the twelve...
Xpediator,, a leading provider of freight management services across the UK and Europe, is pleased to announce that the Annual Report for the year ending 31 December 2018, including the Notice of Annual General Meeting and Forms of Proxy, are now available on the Company's website at and will be posted to...
Xpediator is the holding company for the Group, a well-established international provider of freight management services. The original business, trading as “Delamode”, was established in 1988 by Stephen Blyth (the Group’s Chief Executive Officer), providing freight forwarding services in the UK. The Group has since evolved into an integrated freight management business operating in the supply chain logistics and fulfilment sector across the UK and Europe with a particular focus on, and expertise in, CEE countries. The Group currently employs over 700 people, with operational headquarters in Braintree, Essex, and country offices in Bulgaria, Lithuania, Latvia, Estonia, Macedonia, Montenegro, Moldova, Romania and Serbia operating across a total of 31 sites. This network of offices provides regular and direct services linking Eastern Europe, the Balkans and the Baltics with Western Europe, together with logistics and warehousing capabilities in the UK and Romania. The Group has three main business areas which are managed autonomously on a day-to-day basis but directed centrally to cross-sell services to the Group’s customer base: Freight forwarding, trading under the Delamode, EshopWedrop, Regional Express and Benfleet Forwarding brand’s. Logistics and warehousing, trading under the Delamode brand and EMT; and pallet distribution services, trading under the Pall-Ex brand. Transport services, trading under the Affinity brand.
700 Avenue West