DGL - DGL Group

[Snow Leopard]

DGL Group Limited services include chemical formulation and manufacturing, warehousing and distribution, and waste management and recycling.

Website (https://www.dglgroup.com/)

Due to list Monday 24-May.

[ Not to be confused with DGL - Delegat Group ]

[Biscuit]

DGL Group Limited services include chemical formulation and manufacturing, warehousing and distribution, and waste management and recycling.

Website (https://www.dglgroup.com/)

Due to list Monday 24-May.

[ Not to be confused with DGL - Delegat Group ]

A new Nuplex?

[Gerald]

Looks like the founder going from 100% to 57%, market cap 257m.

If there's one good thing about the current high valuation environment, it's that we have been getting more new listings which is great.

[Ascend]

No mention of dividend policy which is surprising and how I imagine it would be valued. Maybe they have eyes on more acquisitions.

If so it's instructive to look at the Chem Pack acquisition. Looks like they paid about 5-8 x EBIT for Chem Pack - that's including 24m of goodwill.

And DGC is starting out at about 16 x trailing EV/EBIT.

[NOCASH]

DGL was founded in 1999 by Simon Henry and is an integrated, trans-Tasman end-to-end specialty chemicals and dangerous goods business. The Company’s service offering includes chemical formulation and manufacturing, warehousing and distribution, and waste management and recycling. The Company’s vision is to leverage its asset base, customer relationships, and trusted brand to further expand services offered across the full chemical lifecycle and, ultimately, develop itself as a ‘one stop shop’ for its customers.

https://www.dglgroup.com/about-us


Who's here put in there $$ for the IPO?

Looks very promising.

Expected Commencement of
Trading on the NZX Main Board:
Monday, 24 May 2021, 12:30pm (NZT)

[Grimy]

Snow Leopard has already started a thread for this. Is it possible to merge them?
Nuplex did well for me and I'd probably still be a holder if they didn't disappear, so will watch this one.

[Snow Leopard]

Yes not only did I already start one:

https://www.sharetrader.co.nz/showthread.php?12096-DGC-DGL-Group&highlight=Dgl

It has the exact same thread title.
I could sue for plagiarism. Using a different capitalisation is no defence against creating a total rip-off :mad ;:

[tommy_d]

seems a good sign when the founder and managing director, who happens to also be the largest shareholder, doesn't sell any shares as part of the IPO.
Bit of a contrast to some other recent IPOs. It will be interesting to see how liquid this gets in the first couple of weeks.

[Snow Leopard]

.... It will be interesting to see how liquid this gets in the first couple of weeks.

The action is happening on the ASX where it is trading under the code of DGL:

12535

[Nor]

See the Herald reporting it was up 10% on the nzx today at 1.10. They don't seem to realize it was priced at AUD $1.

[Ferg]

A quick summary of the prospectus:



The issue is for new shares to fund expansion (acquisition of Chem Pack + capex) and repay debt
Founder will own 57% post-float
Forecast Dividends = nil in the short term (cash used for acquisitions yet to be identified?)
Droughts in Australia will impact negatively on revenues
Top 10 customers are 57% of revenues
Strong Balance Sheet with debt/equity at 26-28% before retirement of debts from surplus cash not used for acquisitions
At a forward PE of 24.6 this is a slow burn unless they can come up with some meaty acquisitions
Challenge for 2022 will be restoring environmental solutions revenues which have been in decline since at least 2019 (~32% of total revenues)


Financials below:




DGL/DGC
2020
2021
2022








Revenues
$180,050
$189,916
$209,657


Growth
10%
5%
10%








Gross Margin
31.0%
35.0%
34.5%


NPAT
$4,833
$9,497
$10,447


EPS
$0.019
$0.037
$0.041


PE Ratio
53.2
27.1
24.6








NTA
$153,750
$162,395
$172,046


NTA/Share*
$0.60
$0.63
$0.67








FCF
-$15,822
$1,296
$8,480


FCF/Share
-$0.062
$0.005
$0.033



Note: 2020 and 2021 assume inclusion of Chem Pack over the full periods.

*The NTA for 2021 and 2022 is my projection of the the tangible assets based on forecast profitability, although the actual values may drop by 4c per share depending on the treatment of pre-acquisition payments.

EDIT: all values quoted are $A per the prospectus and the PE ratio and other metrics are based on the issue price of A$1 per share.

[Snow Leopard]

Well, no complaints from me so far, based on ASX trading:

Up 24.5% on IPO price
Up between 14.7% and 33.2% on Monday (listing day) trading.

12551

10 Adorable Snow Leopard Photos with Intriguing Facts (https://www.ba-bamail.com/content.aspx?emailid=27315)

[percy]

For Whatsup.

[whatsup]

For Whatsup.

I did a quick scan for the heading, couldnt see it so posted one, sorry Ill try to delete it, cheers.

[Snow Leopard]

DGL announces strategic acquisition of Labels Connect (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/DGC/375116/349668.pdf)


...a small but strategic acquisition...


...What we are often finding is that the production of labels doesn’t always align with our distribution times, and this slows the delivery timetable...

You gotta love this company, [ whilst it is going the right way ]

[Snow Leopard]

DGL expands into North Queensland (https://www.nzx.com/announcements/375714)

Announcements coming thick and fast from this company, was another (https://www.nzx.com/announcements/375491) three days ago.

So this one is about a facility in Townsville, where our Shane (https://www.supercars.com/drivers/shane-van-gisbergen/) won both the Supercar races last weekend and hopefully will do well in the three races this weekend.

Go DGL Group.

Go Shane
12747
Autosport (https://www.autosport.com/supercars/news/van-gisbergen-off-painkillers-since-sandown/6236251/)

[Ferg]

You have done well out of this Snow Leopard.
https://nz.finance.yahoo.com/quote/DGC.NZ/chart?p=DGC.NZ

Growth had to come from acquisitions and restoring environmental solutions revenues. Good to see they are pursuing growth via expansion and and acquisitions with 4 announcements in the past month.
https://www.nzx.com/companies/DGC/announcements

Whilst one would expect the investments to be EPS accretive, it's hard to say by how much.

[Snow Leopard]

Todays biggest NZX riser ( at the time of posting ), going the same direction on the ASX.

Wonder what is going on ;)

[Louloubell]

I bought in yesterday and am enjoying the ride. No patience required 🤪

[Snow Leopard]

Mad spending spree continues, buying up in Western Oz this time (https://www.nzx.com/announcements/376721), but issuing a few new shares as the cream on the top of the cake.

Probably about time they put the wallet away.

Now about that cake:
12805
https://iambaker.net/red-velvet-cake-with-peppermint-whipped-cream/

[Nor]

What did they raise the money for?

[Louloubell]

Not a bad day for DGC 😋

[Nor]

Was 2.04 at one stage on asx.

[Muzz1234]

Been enjoyable having this share see how far we can go while they keep throwing cheque book around every few weeks

[Louloubell]

Moving at express train speed in the right direction 😁

[Snow Leopard]

Often there is significant discrepancy between ths ASX & NZX market prices.
There is sufficient volume that I am mildly surprised by this.

[Muzz1234]

Maybe gaining abit of popularity be interesting with price coming back to 2.09 whether it'll hang around there or dip back more tomorrow had quick rise last couple weeks

[Gerald]

Well this is getting abit dry. Must be approaching a PE of 70 or so.

[Muse]

Its a fine company that listed on sound multiples, with a good growth strategy and use for raised funds. But with the share price more than doubling (almost tripling!) it is turning into a bit of a meme stock with its share price in my viewing detached from any basis of fundamental support. Nice for holders for now, but a bit of a shame as likely to fall and wipeout recent purchasers equity and leave a sour taste. Not advice, DYOR so you can prove me wrong!

[Snow Leopard]

PE's are unimportant, but I do find the current SP somewhat bafflingly high.

Disc: The VGL SP baffled me for years and for years it stayed baffling and then, eventually, the SP dropped, a lot.

[sampson]

The other day I compiled a list of the top holdings of a handful of asx microcap fund managers and noticed that quite a few hold this stock, I haven't looked any deeper at it though.

[Sideshow Bob]

Reports next Tuesday....

[Pegasus2000]

Are the people speculating FOMO or sense/smell from inside leak before the reports?
Or just be wise to wait for the report then make decision?

[Nor]

Are the people speculating FOMO or sense/smell from inside leak before the reports?
Or just be wise to wait for the report then make decision?

Would have to be a spectacular result to justify these levels. Unlikely, hasn't been enough time. I wouldn't buy more at these levels but nor will I sell.

[Louloubell]

I'm a happy holder, having bought in at $1.55 (recently). The fundamentals of this company are difficult to establish considering their recent listing and acquisitions. I would sit on the sideline as the facts are likely to be less rosy than the expectations. DYOR, but these are my 2 cents.

[Sideshow Bob]

Looks like a good result - better than forecast....

FY21 results exceeds prospectus forecast

31/8/2021, 8:30 amGENERALASX RELEASE

31 August 2021

Strong earnings growth
FY21 results exceed prospectus forecasts

DGL Group (DGL) (ASXGL, NSXGC), today announced its results for the year ended 30 June 2021. Pro-forma net profit after tax was $11.3 million, an increase of 134.6% on the prior year, and ahead of prospectus forecasts. Statutory net profit after tax was $47.2 million. Please refer to the appendix for a reconciliation of proforma net profit after tax and statutory net profit after tax.

• Successful completion of Initial Public Offering on 24 May 2021, raising $100.0 million.
• Strong growth in revenue, EBITDA, EBIT and NPAT, with results also exceeding prospectus forecasts:
o Pro-forma sales revenue of $196 million up 9% on pcp and 3% greater than prospectus forecast.
o Pro-forma EBITDA of $28.1 million up 47% on pcp and 8% greater than prospectus forecast.
o Pro-forma EBIT of $16.8 million up 124% on pcp and 9% greater than prospectus forecast.
o Pro-forma NPAT of $11.3 million up 135% on pcp and 19% greater than prospectus forecast.
• Solid revenue growth across all three divisions compared to FY20:
o Chemical Manufacturing division increased 3% to $97.3 million1.
o Warehousing and Distribution division increased 48% to $40.9 million1.
o Environmental Solutions division increased 2% to $63.4 million1.
• Strong balance sheet, with net cash of $43.8 million.
• Successful integration of the Chem Pack manufacturing business, acquired in January 2021, to expand the Chemical Manufacturing division’s manufacturing capabilities.
• Delivered on strategic initiatives outlined in prospectus including integration, expansion of services, cross selling between divisions.
• Announced several successful business and property acquisitions since listing. Expect to exceed prospectus forecast for FY22 of pro-forma NPAT of $10.4 million and pro-forma EBITDA of $29 million, which does not include the revenue and profit contribution from recently acquired businesses, Label’s Connect and Opal Australasia and favourable trading conditions experienced to date.

Note 1: The divisional revenue numbers include intercompany revenue of $3.7 million in FY20 and $4.9 million in FY21.
DGL Group (DGL) (ASXGL, NSXGC), today announced its results for the year ending 30 June 2021. Pro-forma net profit after tax was $11.3 million, an increase of 134.6% on the prior year, and ahead of prospectus forecasts. Statutory net profit after tax was $47.2 million. See appendix for reconciliation of proforma net profit after tax and statutory net profit after tax.

Commenting on the performance, DGL Founder and CEO, Simon Henry, said:

“This year has been a transformative year for DGL, listing on the ASX and welcoming new shareholders to our business, while raising $100 million to fund growth initiatives into the future.

“I am very pleased we have been able to deliver on our initial promises, as set out in the prospectus, both at an operational level and financial level. Pro-forma net profit after tax was 19.4% higher than we had originally estimated in our prospectus.

“The outstanding results were a result of the successful integration of Chem Pack, greater demand for our products from the agriculture sector, as well as the commissioning, ahead of schedule, of our lead smelter plant in Victoria.

“I’d like to recognise each and every one of our employees for their contribution to delivering these great financial and operational results.
“We are steadfast in executing our strategy to become the leading, full service, chemicals business in the region. This includes having a broad geographic spread, with proximity to key sectors that we service. Since IPO, we have acquired a number of sites and facilities in New Zealand and Australia providing development opportunities that will bolster our warehousing, distribution and chemicals manufacturing capabilities in FY22 so that we can meet the growing capacity the industry requires.
“We will continue to use funds from the IPO, as well as the strong cash generation of our business, to pursue growth opportunities. The business is well supported by a strong balance sheet and an experienced and highly motivated management team with a shared commitment to growth.

“The diverse industries we service - agriculture, mining, construction and infrastructure – have positive long-term outlooks. We are an essential business serving these critical sectors.”

Please click on the PDF file on the bottom of this page for the complete media release concerning the FY21 results.

[Pegasus2000]

Bought a few. Hopefully the earning EPS will continue.

[Louloubell]

I didn't know what to make of the result, but the market does!!!

[Pegasus2000]

total share number : 257,000,000
total assets 195,270,000
so share value is 0.7598. Current share price 2.90.

Is their EPS calculation correct?

Basic earnings per share (cents) 78 cents

My calculation is 47165000 ÷ 257000000 = 0.18 = 18 cents

[Snow Leopard]

The real EPS is about 4.1c and the NTA near 62cps.

The headline result has a massive $40M one-off in it.

Disc: based on quick glance at presentation, eps on 275M shares at FY (not weighted)

PS numbers are in $AU.

[Shepherd]

Hi SL, can you say a bit more about the $40m one-off in the presentation? I am thinking of buying, even after the big run-up from the listing price. They seem to have a reasonable moat around their business and have a lot of things gong for them that indicate they have good growth potential. I also like that they are on both the NZX and ASX and have operations in both countries. Maybe they will be another Mainfreight?

[Snow Leopard]

Preliminary Final Report (https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02414852-3A574517?access_token=83ff96335c2d45a094df02a206a3 9ff4) Note 2 Footnote 1 (on Page 8).

[Louloubell]

Going from strength to strength

[Mammoth]

Going from strength to strength

Its strangely reassuring that there is no talk around DGL and it's just quietly excelling. Very happy holder!

[percy]

Its strangely reassuring that there is no talk around DGL and it's just quietly excelling. Very happy holder!

I confess I hold shares in this company,after deciding not to,.?
A friend just kept emailling "I told you".
I finally relented and bought into DGC.
However I bought DGL in Aussie as they were trading at au S2.30 compared with over $2.90 here.
Not sure of the financials,but their story is very good.

[Pegasus2000]

Hi percy, just curious, if dual-listing, why do you buy in ASX instead of in NZX, tax advantage even after currency exchange?

[percy]

Hi percy, just curious, if dual-listing, why do you buy in ASX instead of in NZX, tax advantage even after currency exchange?

Currency.
Today S1 NZ converts to 97 cents Aussie.
Was about that when I bought, so NZ $2.90 converted to $2.813 so the $2.30 I paid was a good buy.
NZ share price is currently $2.92 which converts to Aussie $2.834,so with last sale at $2.78 in Aussie it is still a bit cheaper there.
The share price in both countries bounces around, so opportunities are there for us..lol

[Pegasus2000]

Thanks Percy. Here is my thinking: eventually I will convert AUD to NZD for spending here. If I buy in ASX( which I did ), then I need to convert NZD to ASX to buy and sell there. Then I convert them back NZD, having not considered taxation, maybe too complicated and too much exchange fees for a small amount of the trade. But good for you to exploit that:).

[percy]

Thanks Percy. Here is my thinking: eventually I will convert AUD to NZD for spending here. If I buy in ASX( which I did ), then I need to convert NZD to ASX to buy and sell there. Then I convert them back NZD, having not considered taxation, maybe too complicated and too much exchange fees for a small amount of the trade. But good for you to exploit that:).

I always buy to hang on for ever.
Therefore I was looking at the cheapest entry to DGC/DGL.
I guess traders will take advantage of arbitrage opportunities as they arise.
My income stocks are NZ, where I get imputation credits ,while my aggressive portfolio is mainly small cap Australian companies,which I think have excellent growth potential..
In NZ I have large holdings in a few companies,while in Australia I have small holdings in a number of companies.

[Louloubell]

A very upbeat and positive annual report

[percy]

Another good bolt on.
https://www.nzx.com/announcements/379527

[whatsup]

What a wonderful company/share, tripling since listing 4 1/2 months ago, WONDERFUL !!!!

[Muse]

What a wonderful company/share, tripling since listing 4 1/2 months ago, WONDERFUL !!!!

It is a wonderful company for sure. Good listing, solid use of new capital, etc. it deserves to perform well.

But sadly, after tripling its SP in just a few months, it has become a meme stock, with its price moving soley on account of momentum and enthusiasm and completely untethered to reality or fundamentals.

Enjoy it while you can.

[Muzz1234]

Another acquisition profill in Western aussie definitely not afraid of growing

[Nor]

No property with this one though just leases. Maybe buying freeholds next?

[Nor]

Again!!!!!

[percy]

Again!!!!!

Certainly knows where he wants to take the business.
Building on solid ground.

[Nor]

I hope he's as good at juggling the management of all these companies as he is at buying them. Or has some system worked out to simplify it.

[percy]

I hope he's as good at juggling the management of all these companies as he is at buying them. Or has some system worked out to simplify it.

Seems to have had an excellent strategy getting the business built up to list,and I would expect he has been planning these bolt ons for some time.

I guess it would be like us planning to selling a rental property in a year's time, and figuring out what shares we are going to buy with the funds.

[Nor]

Seems to have had an excellent strategy getting the business built up to list,and I would expect he has been planning these bolt ons for some time.

I guess it would be like us planning to selling a rental property in a year's time, and figuring out what shares we are going to buy with the funds.
Almost all cash this time. Were they able to drive a harder bargain I wonder.

[percy]

Almost all cash this time. Were they able to drive a harder bargain I wonder.
I would doubt it.

[Snow Leopard]

I keep thinking that:
a) they must have run out of money for acquisitions and;
b) they must be flat out dealing with their new purchases.

But no, they buy something else.

I guess they have more headroom on the credit cards than me :sleep:

[percy]

Good article on DGC in this morning,s NZ Herald.

[Benny1]

Good article on DGC in this morning,s NZ Herald.
Think I may have jump in for a few getting abit frustrating sitting on the sidelines watching all these companies getting snapped up by them!

[Nor]

Think I may have jump in for a few getting abit frustrating sitting on the sidelines watching all these companies getting snapped up by them!

Pretty sure you've missed the train.

[Benny1]

Pretty sure you've missed the train.
Yeah that's my concern a little but when you read up on the company and then read up on their growth plans which includes the USA and the main guy already owns 56% and plans to add more when he can..
It's quite compelling....

[Nor]

Yeah that's my concern a little but when you read up on the company and then read up on their growth plans which includes the USA and the main guy already owns 56% and plans to add more when he can..
It's quite compelling....

True enough.

[Ho Lee Kow]

DGC are an interesting outfit but the results of their acquisition drive have yet to be seen. So far everything has been a bolt-on addition. Also having more than 50% ownership in one set of hands is risky IMHO

[Muse]

Yeah that's my concern a little but when you read up on the company and then read up on their growth plans which includes the USA and the main guy already owns 56% and plans to add more when he can..
It's quite compelling....

I love the conviction of this man, the execution of the float and post float acquisitions, and space the business is in. But personally I would be wary of investing into the business at these levels. The market hasn't got a clue how it is pricing the business and I bet you no one has done the maths to figure out what the proforma earnings of the business is and its capital structure (proforma for the organic business plus the earnings from all the acquisitions, and capital structure being the balance sheet post year end, less all the cash spent, plus any debt incurred, and use of shares as script). Over the next few days I might do a back of the envelope guess (as I don't think its possible to do anything overly scientific as their just isnt enough information) but whatever the guess I will wager the implied multiples are staggeringly high. Once statutory accounts start trickling out I think the share price will come back as investors realise the implied multiples are sky high and implied dividend yield miniscule.

Just my own thoughts. Not advice. Will give a crack at an actual spreadsheet and share it when I have a chance.

[newbieinvestor]

Over the next few days I might do a back of the envelope guess (as I don't think its possible to do anything overly scientific as their just isnt enough information) but whatever the guess I will wager the implied multiples are staggeringly high.

Hi Fiordland Moose, Would love to know your back of the envelope calculation\guess whensoever you get to it ... Cheers!

[Sideshow Bob]

Buying Moar.........

DGL target sustainable vehicle market with Austech Chemical - NZX, New Zealand’s Exchange (https://www.nzx.com/announcements/382531)

DGL targets sustainable vehicle market with Austech Chemicals
Melbourne, Australia - DGL Group Limited (ASX:DGL) (NZX:DGC), (“DGL” or the “Company”), a specialist chemicals business that manufactures, transports, stores and processes chemicals and hazardous waste, today announced the strategic acquisition of Austech Chemicals Pty Ltd (“Austech”).

Over the last 20 years, Austech has successfully developed unique intellectual property for chemical formulations used in the automotive industry. Austech specialises in the manufacturing of non-oil automotive chemicals, such as coolant, brake fluids, solvents, flammables and aerosols. It is widely recognised that as Australia moves into more sustainable vehicles that more advanced fluids will be required, as such DGL sees this as a unique opportunity to access the sustainable vehicle market.
Founder and CEO of DGL, Simon Henry, said: “With the acquisition of Austech, DGL will now have a network of 51 facilities stretching from Darwin to Christchurch with a throughput of over 1.5 million MT per annum and servicing over 2,000 regular customers.”

Austech adds to the already established Trans-Tasman presence of 30 chemical manufacturing sites across Australia and New Zealand. Austech formulates over 12,000 MT of specialty chemicals per annum for its strong customer base, including major oil and retail blue chips. DGL will work to enhance these relationships to develop a strong network capable of delivering the chemicals of the future.

Austech further enhances the capabilities of DGL’s Chemical Manufacturing division reinforcing the company as the leading full-service chemical management company in Australia and New Zealand. Aligned with DGl’s cross-sell strategy, there are significant opportunities to attain additional business within the group.

The acquisition price consists of:
(a) a cash payment of $13M; and
(b) the issue of 5,306,122 fully paid ordinary shares in the capital of DGL. At the time the parties negotiated the conditional commercial terms in August 2021, the consideration represented a valuation of 5.2 x FY21 normalised EBITDA and based on the current market price of DGL shares, a valuation of 5.6 x FY21 normalised EBITDA.
Staff and management will be retained to continue to drive growth in the Austech business, as part of the broader DGL Group.

- ENDS -

[tango]

This is looking like a company with good prospects but the market don't seem to be too excited by the latest acquisition and the share dilution

This company is a little outside my expertise but I like what I am seeing so far. I am watch listing this for possible investment

[newbieinvestor]

Here is an interesting interview with Simon Henry by UoA Bus Dev department
https://www.youtube.com/watch?v=njtQEj6cchY


This is looking like a company with good prospects but the market don't seem to be too excited by the latest acquisition and the share dilution

This company is a little outside my expertise but I like what I am seeing so far. I am watch listing this for possible investment

[ThaiJohn]

Gettin a kickin these last few days. No news that I'm aware of.

[Muse]

Gettin a kickin these last few days. No news that I'm aware of.

It was inevitable and probably more to come over the next 12 months. The stock just massively bid up by momentum traders aided by the constant drip feed of acquisitions. Buyers just had no concept of the fundamentals they were buying into and the market still doesnt - no one has a clue what proforma PE or EBITDA multiples are and they still dont. Once statutory accounts start getting released people will realise its trading on massive multiples and even after the full year contribution from all the acquisitions kick in (in over a year) people will finally understand the true financial profile of the business and at current share prices it wont look pretty. Don't get me wrong great business, like the drive of management, and love the acquisition story - but market just got a bit loopy and it turned into a meme stock. Not advice - just my opinion

[FTG]

It was inevitable and probably more to come over the next 12 months. The stock just massively bid up by momentum traders aided by the constant drip feed of acquisitions. Buyers just had no concept of the fundamentals they were buying into and the market still doesnt - no one has a clue what proforma PE or EBITDA multiples are and they still dont. Once statutory accounts start getting released people will realise its trading on massive multiples and even after the full year contribution from all the acquisitions kick in (in over a year) people will finally understand the true financial profile of the business and at current share prices it wont look pretty. Don't get me wrong great business, like the drive of management, and love the acquisition story - but market just got a bit loopy and it turned into a meme stock. Not advice - just my opinion


Yes, DGL has gone on a total feeding frenzy since the IPO.

Successfully assimilating all these acquisitions into group will take a laser-like focus from the board & snr management. Certainly not impossible, but they certainly have their work cut out for a while!

[tango]

Here is an interesting interview with Simon Henry by UoA Bus Dev department
https://www.youtube.com/watch?v=njtQEj6cchY

Thanks for the link. I will watch and learn and also pop into the AGM this week

[tango]

DGC results are out
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/DGC/384033/360920.pdf

I'm still trying to understand the impact of acquisitions on the increase in revenue and EBIT

[ThaiJohn]

I'm really impressed by Simon Henry in tangos link. My sorta guy. No nonsense, results orientated and obviously very driven.

[newbieinvestor]

Thanks for the link. I will watch and learn and also pop into the AGM this week

No worries!...my pleasure that I chanced on that link which is quite impressive.. Simon was much more formal in this Annual presentation interview and it remains to be seen the impact of all the new acquisitions..

[ThaiJohn]

No worries!...my pleasure that I chanced on that link which is quite impressive.. Simon was much more formal in this Annual presentation interview and it remains to be seen the impact of all the new acquisitions..

Sorry newbieinvestor, kudos to you for the link!

[sb9]

Seems as though punters on NZX are happy to pay 2.65 while on ASX its at AU 2.46 or NZ 2.56. Better bargain on ASX.

[newbieinvestor]

Seems as though punters on NZX are happy to pay 2.65 while on ASX its at AU 2.46 or NZ 2.56. Better bargain on ASX.

Very low volumes on NZX = 6K atm. Think there is more institutional action\ selling occurring on ASX = 455K atm, but yes usually always better bargain on ASX...

[newbieinvestor]

(ASX: DGL) Buy Hold Sell: 3 of 2021's hottest IPOs: https://www.livewiremarkets.com/wires/buy-hold-sell-3-of-2021-s-hottest-ipos-and-2-to-look-forward-to

Disclaimer: Please do your own research before investing.This is for informational purposes only.

[Nor]

The more research I do the worse the outcome.😂

[newbieinvestor]

The more research I do the worse the outcome.😂


Something interesting I came across today which sort of resonated...

Delink analysis from decision-making. Because you have spent a hundred hours on something, you don’t need to act. Keep doing your work of identifying good investment opportunities, but if the prices are not right, and there is no margin of safety, don’t act. Least of it, don’t act just because you have done the hard work. Stocks do not bother about your hard work. But when the time is right – and you are ready with your idea and capital – act.

[sb9]

Something interesting I came across today which sort of resonated...

Delink analysis from decision-making. Because you have spent a hundred hours on something, you don’t need to act. Keep doing your work of identifying good investment opportunities, but if the prices are not right, and there is no margin of safety, don’t act. Least of it, don’t act just because you have done the hard work. Stocks do not bother about your hard work. But when the time is right – and you are ready with your idea and capital – act.

I've acted and dipped my toes into this one. Interesting business and like the CEO's approach, Aussies seem more hungry to get into this one, going by volumes on ASX.

[newbieinvestor]

I've acted and dipped my toes into this one. Interesting business and like the CEO's approach, Aussies seem more hungry to get into this one, going by volumes on ASX.

:t_up:

Yeah seems more Aussie small cap and midcap funds interested in this stock generating more volumes on ASX...

• Bell Potter have maintained their BUY rating on chemical manufacturing company DGL Group (ASX: DGL) and have decreased their price target from $3.05 to $3, after the company held its AGM. DGL last closed at $2.40, implying 25% share price growth in a year.

[newbieinvestor]

I've acted and dipped my toes into this one. Interesting business and like the CEO's approach, Aussies seem more hungry to get into this one, going by volumes on ASX.

I am also invested, however I think till Feb the share price would be soft...

[sb9]

I am also invested, however I think till Feb the share price would be soft...

I'm in for long haul, might top up if price gets down to silly levels.


:t_up:

Yeah seems more Aussie small cap and midcap funds interested in this stock generating more volumes on ASX...

• Bell Potter have maintained their BUY rating on chemical manufacturing company DGL Group (ASX: DGL) and have decreased their price target from $3.05 to $3, after the company held its AGM. DGL last closed at $2.40, implying 25% share price growth in a year.



As mentioned Aussies seem to like them very much as evidenced by volume pattern on ASX.

[sb9]

Courtesy of poster on HC y'day...

"AFR today (wonder if the price of the remaining stock will increase?):
Australia’s diesel engines could be crippled in six weeks (https://www.copyright%20link/companies/infrastructure/australia-s-diesel-engines-could-be-crippled-in-6-weeks-20211209-p59g6j)"Australia’s diesel-powered trucks can’t operate without an additive called AdBlue. Simon Henry’s company supplies 60 per cent of the market. He will run out in six weeks."

Simon Henry said DGL had about six weeks’ stock left in its warehouses, but demand had risen so sharply that the group had about 1000 unfilled orders on its books as trucking companies and other customers scrambled for supplies.

[newbieinvestor]

I'm in for long haul, might top up if price gets down to silly levels.

I'm also in for the long haul, I hope I am proved wrong and the prices rise over the summer!!:)


As mentioned Aussies seem to like them very much as evidenced by volume pattern on ASX.

Yes, yesterday the trading was very low trading on the NZX and rose towards the end on both NZX & ASX and I was wondering what was up ...:mellow:


Courtesy of poster on HC y'day...

"AFR today (wonder if the price of the remaining stock will increase?):
Australia’s diesel engines could be crippled in six weeks (https://www.copyright%20link/companies/infrastructure/australia-s-diesel-engines-could-be-crippled-in-6-weeks-20211209-p59g6j)

"Australia’s diesel-powered trucks can’t operate without an additive called AdBlue. Simon Henry’s company supplies 60 per cent of the market. He will run out in six weeks."

Simon Henry said DGL had about six weeks’ stock left in its warehouses, but demand had risen so sharply that the group had about 1000 unfilled orders on its books as trucking companies and other customers scrambled for supplies.


"The price of AdBlue had also been rising sharply as shortages emerged."

Interesting article. Thanks for that!!:t_up: . The price rise of AdBlue stock should help DGL stock rise a bit :D
Good that Simon picked up AusBlue when he did and I suspect Simon will somehow capitalize on this 'opportunity' in the midst of adversity...

[newbieinvestor]

Courtesy of poster on HC y'day...

"AFR today (wonder if the price of the remaining stock will increase?):
Australia’s diesel engines could be crippled in six weeks (https://www.copyright%20link/companies/infrastructure/australia-s-diesel-engines-could-be-crippled-in-6-weeks-20211209-p59g6j)

"Australia’s diesel-powered trucks can’t operate without an additive called AdBlue. Simon Henry’s company supplies 60 per cent of the market. He will run out in six weeks."

Simon Henry said DGL had about six weeks’ stock left in its warehouses, but demand had risen so sharply that the group had about 1000 unfilled orders on its books as trucking companies and other customers scrambled for supplies.


DGL stock prices on an uptrend today on both ASX & NZX, given the Adblue shortage and the media coverage of the impact....

[sb9]

DGL stock prices on an uptrend today on both ASX & NZX, given the Adblue shortage and the media coverage of the impact....

I like the CEO Simon even more now...:t_up: next stop $3+...

[newbieinvestor]

I like the CEO Simon even more now...:t_up: next stop $3+...


Seems AdBlue supplies in Australia at some service stations are being rationed to 50 Litres.
https://www.farmonline.com.au/story/7546476/adblue-bowsers-switched-off-at-some-service-stations/

Aus govt seem to be planning to get some supply from Indonesia and urea supply from Middle East..
https://www.abc.net.au/news/2021-12-13/australia-approaches-nations-for-adblue-supplies/100695094

There seemed to be accumulation of DGL at $2.67-$2.70 on the ASX today ...

[newbieinvestor]

I like the CEO Simon even more now...:t_up: next stop $3+...



Simon Henry, the chief executive of DGL Group, which makes about 60 per cent of Australia’s AdBlue from a plant in Queensland, said a global bidding war had begun for the limited stocks of high-grade urea being sought after by manufacturers in many countries. “We’re effectively in a bidding war on an hourly basis,” Mr Henry said.He said his company was working on all options to increase supply, and investigating flying stock in via cargo planes, with shipping lanes extremely slow because of the global supply chain disruption which had hit many industries.

Autobarn and Autopro stores expect AdBlue to sell out in the next week.
https://www.afr.com/companies/manufacturing/adblue-shortage-sparks-run-on-supercheap-auto-and-autobarn-stores-20211213-p59h3j

[newbieinvestor]

I like the CEO Simon even more now...:t_up: next stop $3+...

Australia's largest AdBlue manufacturer, AUSblue, says it is racing to secure urea supply or even formulated AdBlue from overseas in a bid to keep the haulage industry moving through the summer.

Simon Henry, the chief executive of AUSblue's parent company DGL Group, told the ABC the company had heavy-lift charter planes standing by to bring in 250 tonnes of urea each per flight from the Middle East and Asia.

"We worked all through the weekend up to midnight, we have pulled out all stops to get dribs and drabs of material out of plants around the world. We are having some success," Mr Henry said. "We have got various air charter companies on stand-by if we need to to fly in urea."We've also got some producers overseas that will probably supply us with some formulated AdBlue. It is significantly more expensive but critical, it will keep things moving through the summer."

Already, the prices for AdBlue have quadrupled in parts of the country, prompting the Australian Competition and Consumer Commission (ACCC) to investigate "whether an authorisation is needed to allow diesel exhaust fluid producers to share information".Mr Henry said although AdBlue was not a dangerous chemical, maintenance work at multiple urea plants, COVID-related shipping constraints, and rising diesel consumption had created a "perfect storm" for a shortage to occur.

https://www.abc.net.au/news/2021-12-15/adblue-local-producer-secure-urea-diesel-crisis/100699832

[sb9]

Australia's largest AdBlue manufacturer, AUSblue, says it is racing to secure urea supply or even formulated AdBlue from overseas in a bid to keep the haulage industry moving through the summer.

Simon Henry, the chief executive of AUSblue's parent company DGL Group, told the ABC the company had heavy-lift charter planes standing by to bring in 250 tonnes of urea each per flight from the Middle East and Asia.

"We worked all through the weekend up to midnight, we have pulled out all stops to get dribs and drabs of material out of plants around the world. We are having some success," Mr Henry said. "We have got various air charter companies on stand-by if we need to to fly in urea."We've also got some producers overseas that will probably supply us with some formulated AdBlue. It is significantly more expensive but critical, it will keep things moving through the summer."

Already, the prices for AdBlue have quadrupled in parts of the country, prompting the Australian Competition and Consumer Commission (ACCC) to investigate "whether an authorisation is needed to allow diesel exhaust fluid producers to share information".Mr Henry said although AdBlue was not a dangerous chemical, maintenance work at multiple urea plants, COVID-related shipping constraints, and rising diesel consumption had created a "perfect storm" for a shortage to occur.

https://www.abc.net.au/news/2021-12-15/adblue-local-producer-secure-urea-diesel-crisis/100699832

Oh my, thanks for the link nbi.

Early bids on ASX show an indicative open of AU 2.80.

[sb9]

I like the CEO Simon even more now...:t_up: next stop $3+...

Here we are...$3

[newbieinvestor]

Here we are...$3

Indeed...Indeed... $3:t_up:

I am selling off my holdings and exiting my positions in DGL for now.. there might be more news driven upside, but it has run up quite a bit from $2.5 and will pick it up later on dips next year if I can...

Happy Holidays sb9!!:cool: Hope to meet you again on the board of another winner stock :t_up:

[Louloubell]

Hmmmmm. Why not sell a portion, so you lock in some profits and can continue to enjoy the ride with the remaining portion. I don't think this is the end of the ride. DYOR. but this is my two cents.

[sb9]

Indeed...Indeed... $3:t_up:

I am selling off my holdings and exiting my positions in DGL for now.. there might be more news driven upside, but it has run up quite a bit from $2.5 and will pick it up later on dips next year if I can...

Happy Holidays sb9!!:cool: Hope to meet you again on the board of another winner stock :t_up:

Good on ya, tht you'd stick around bit longer tbh. The story is just unfolding imo and there's lot more to come over next few years.

[Nor]

Indeed...Indeed... $3:t_up:

I am selling off my holdings and exiting my positions in DGL for now.. there might be more news driven upside, but it has run up quite a bit from $2.5 and will pick it up later on dips next year if I can...

Happy Holidays sb9!!:cool: Hope to meet you again on the board of another winner stock :t_up:

What would be the tax implications? Just asking.

[Nor]

What would be the tax implications? Just asking.

For a friend.

[ThaiJohn]

Depends on your 'friends' intent when purchasing. Obviously they purchased with the intent of receiving a dividend at some stage from the company.
Maybe your friend had to sell earlier because [ insert bollocks here ].

[Nor]

Depends on your 'friends' intent when purchasing. Obviously they purchased with the intent of receiving a dividend at some stage from the company.
Maybe your friend had to sell earlier because [ insert bollocks here ].

Yeah see I think when people post about what they're doing there should be some disclosure as to where they stand ird wise. Are they investors or traders.

[winner69]

Yeah see I think when people post about what they're doing there should be some disclosure as to where they stand ird wise. Are they investors or traders.


Nor, ….we all are essentially traders

One of my current trades has lasted 13 years …still haven’t closed it out. Other of my current trades have varying durations.

Does it really matter if punters disclose as you suggest?

All input on this forum is welcome…doesn’t worry me if they (have to / should) pay tax or not.

[Nor]

Fair nuff

[percy]

From Australian broker Bell Potter 2022 selection.
Target price in au $.
DGL Group (DGL)
Specialty chemicals and logistics
company DGL Group (DGL) has had
a strong start to listed life. Since
prospectus forecasts were comfortably
beaten at its debut result, DGL has
deployed ~$70m of its balance sheet
into acquisitions, reaching critical mass
in crop protection, water treatment and
entrance into clean energy transport
markets.
We are constructive on the vertical
being developed across the back end
chemicals lifecycle – which includes
manufacturing, logistics and recycling
– as we think in terms of breadth
DGL is currently unrivalled by any
Trans-Tasman competitor. As market
attention focuses on integration in the
first half of 2022, should utilisation
and/or synergies be extracted from
acquisitions earlier than anticipated,
we believe industry consolidation could
serve as a highly scalable growth
strategy for DGL over the mid-term.
Buy, Price Target $3.00.

[percy]

Our Simon buying more,and on market at that..
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02470449-3A584461?access_token=83ff96335c2d45a094df02a206a3 9ff4

[Muse]

Our Simon buying more,and on market at that..
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02470449-3A584461?access_token=83ff96335c2d45a094df02a206a3 9ff4

I am very impressed by Simon’s conviction!! Imagine if the management team at My Barf Bag did that in the same quantum

[percy]

I am very impressed by Simon’s conviction!! Imagine if the management team at My Barf Bag did that in the same quantum

The book by Keith Davies,"Ready ,Fire ,Aim " the story of Mainfreight,comes to mind when I think of Simon Henry.
No matter how big the hurdles, the higher and faster he jumps.
OK I have no idea what the PE ratio will be on the next result.but shareholders are going to have an exciting fun wealth building ride .
Some times I think conviction beats neat tidy ratios.[well I hope so]..lol.

[Ricky-bobby]

Yep I agree. Haven’t jumped in yet, but seriously thinking about it. Nice to see some aggression and a man that knows what he wants!

[sb9]

Could be the stock to watch for 2022...

[sb9]

Big volume close on ASX y’day at AU 3.15, which is NZ 3.35.

[sb9]

Stunning set of numbers for HY. Be interesting to see guidance for FY later in the month. As stated before, could be the stock of 2022.

[percy]

Stunning set of numbers for HY. Be interesting to see guidance for FY later in the month. As stated before, could be the stock of 2022.

Yes DGC/DGL is looking really good for 2022 [and beyond].

[Ferg]

An impressive result and forecast for FY22. Prospectus NPAT was $10.4m - they are now heading for $24m NPAT by my estimate (incl. the $3m acquisition costs, normalised would be closer to $26m). This gives forecast EPS of around 8.8c / share, which into a SP of A$3 is a PE ratio of 34 - notwithstanding there may be more acquisitions etc and/or one-off IFRS impacts that will see the actual result vary. A nice growth story.

[Muse]

An impressive result and forecast for FY22. Prospectus NPAT was $10.4m - they are now heading for $24m NPAT by my estimate (incl. the $3m acquisition costs, normalised would be closer to $26m). This gives forecast EPS of around 8.8c / share, which into a SP of A$3 is a PE ratio of 34 - notwithstanding there may be more acquisitions etc and/or one-off IFRS impacts that will see the actual result vary. A nice growth story.

Would be great if they could reference growth rates on a proforma basis - to isolate underlying growth.

Great company but a pe of 34 too rich for me

[sb9]

As usual, most activity is driven out of ASX with volume 701k so far compared to paltry 27k on NZX. Should transfer my holdings to ASX for future trade liquidity.

[newbieinvestor]

As usual, most activity is driven out of ASX with volume 701k so far compared to paltry 27k on NZX. Should transfer my holdings to ASX for future trade liquidity.

Think that would be wise! ASX has much more volume than NZX so would make life easier when trying to buy or sell larger DGL stock parcels....

[sb9]

As per poster on HC..

"DGL Price Target Raised 17% to A$3.50/Share by Bell Potter".

[sb9]

Our man Simon is still on acquisition mode...

[percy]

Our man Simon is still on acquisition mode...

Sensible bolt on.
Interesting too he acquired their premises.
Thinks long term.

[Snow Leopard]

From the lack of comment on the HY results I assume that we have all taken our profits and moved on to other things?

HY Report (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/DGC/387947/365524.pdf)

HY Preso (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/DGC/387948/365525.pdf)

[percy]

From the lack of comment on the HY results I assume that we have all taken our profits and moved on to other things?

HY Report (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/DGC/387947/365524.pdf)

HY Preso (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/DGC/387948/365525.pdf)

No.
I think this company has a great moat.
Deep, and filled with dangerous chemicals...A real moat.
Simon Henry is doing more than he said he would,so I am happy to sit back and enjoy the ride.

Talking about exciting rides you could try this while you are on The Isle of Man;
https://www.youtube.com/watch?v=SltqgZrPXt8

[sb9]

From the lack of comment on the HY results I assume that we have all taken our profits and moved on to other things?

HY Report (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/DGC/387947/365524.pdf)

HY Preso (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/DGC/387948/365525.pdf)

Not me, still here for the long haul. Surely not one of ST's most discussed stock.

Future looks very bright with all acquisitions Simon made so far.

[newbieinvestor]

My earlier cost price was high hence I exited for a margin of safety .. but I will be lying in the wait for any dips on ASX as the volumes there are much better...

[percy]

Another good bolt on acquisition.
DGL would also like to advise that it has had a stronger than expected start to the
second half of FY22 and is continuing to pursue further acquisition opportunities.

[sb9]

Another good bolt on acquisition.
DGL would also like to advise that it has had a stronger than expected start to the
second half of FY22 and is continuing to pursue further acquisition opportunities.

Give that man Simon a gold coated chocolate fish :D

[Rawz]

Any holders got concerns about all these acquisitions coming at the top of the cycle?

[Louloubell]

Not me Rawz, I see them as bottom draw material. They make up 6% of my portfolio.

[newbieinvestor]

Any holders got concerns about how the rising oil prices might affect their margins ?

[nztx]

Any holders got concerns about how the rising oil prices might affect their margins ?


An exercise in passing extra costs on to their customers perhaps ?

Similar to MFT and others in the same boat maybe

Been watching this one for a while

[percy]

Livewire this morning.
DGL Group (ASX: DGL)
Ben Rundle (BUY): DGL Group is the stock that I think can outperform. They are a producer of chemicals, they do storage as well as recycling of those chemicals. The beauty of this industry is that there are high barriers to entry in terms of the capital cost and the permits that are required to be able to operate. Simon Henry, the MD, owns just shy of 60% of the business. I think he's done a fantastic job. He's a very good capital allocator and he's already made about eight acquisitions since they listed. I think that it is a really exciting company and it'll be much bigger in a few years’ time.

[sb9]

CEO Simon bought a cool 500k shares on ASX, just follow the smart money.

Perhaps, the new thread could be either merged here or closed altogether, too confusing.

[newbieinvestor]

It would be good to avoid confusion if the administrators:

1) Merge or delete the other duplcate DGC thread (https://www.sharetrader.co.nz/showthread.php?12099-Dgc-dgl-group)
2) Rename the Delegats Group DGL thread to include Delegats Group in the title (https://www.sharetrader.co.nz/showthread.php?4378-DGL/page12)

[newbieinvestor]

It would be good to avoid confusion if the administrators:

1) Delete this thread or merge it with the other DGC thread (https://www.sharetrader.co.nz/showthread.php?12096-DGC-DGL-Group)
2) Rename the Delegats Group DGL thread to include Delegats Group in the title (https://www.sharetrader.co.nz/showth...378-DGL/page12 (https://www.sharetrader.co.nz/showthread.php?4378-DGL/page12))

[sb9]

What just happened there :scared::t_up::D

[Louloubell]

I am wondering the same! No company news.

[percy]

What just happened there :scared::t_up::D

I do not know,but i like it....lol

[sb9]

I do not know,but i like it....lol

Me too and pretty sizeable volume too mostly on ASX, which where the action is.

[Nor]

Somebody confused them with Delegats?

[Ricky-bobby]

Somebody confused them with Delegats?

Haha both up $0.20 today!

[GOAT]

Seen some interviews with Simon, and he comes off as a very pragmatic and astute individual who can produce results.

Does the business model of offering the full package of services (chemical manufacturing, warehousing and distribution, and environmental solutions) or as Simon calls it being "vertically integrated" give them enough of a competitive advantage to attract customers away from their competition?

Also, what happens once the acquisitions start to dry up and they reach their peak in the Australian market? Will they start giving out dividends or instead look to get into the US market?

I'm thinking of getting in as a long term investment.

[sb9]

Another push from hereon, we could be knocking on 4 handle in the medium term...

[sb9]

Offer side looking pretty barren atm...

[percy]

Offer side looking pretty barren atm...

A good few there in Aussie.

[sb9]

A good few there in Aussie.

Sure, which is where the action is. And big wall on offer at A$3.50 of 314k volume. Let's see how long it'll take to smash that one...

[GOAT]

https://www.nzx.com/announcements/390713

Commenting on the performance, DGL CEO, Simon Henry, said:
DGL’s performance so far in the financial year 2022 continues to exceed expectations. All three operating segments are performing strongly with increased activity due to market and seasonal factors. DGL continues to successfully execute our strategy to sustainably grow through organic growth and acquiring strategically positioned businesses.

[percy]

https://www.nzx.com/announcements/390713

Commenting on the performance, DGL CEO, Simon Henry, said:
DGL’s performance so far in the financial year 2022 continues to exceed expectations. All three operating segments are performing strongly with increased activity due to market and seasonal factors. DGL continues to successfully execute our strategy to sustainably grow through organic growth and acquiring strategically positioned businesses.

Well the market loved the announcement. $4.00 in NZ and $3.83 in Aussie.

[Muse]

Well the market loved the announcement. $4.00 in NZ and $3.83 in Aussie.

Pretty impressive percy. The whole just in time to just in case shift has coincided with the float perfectly.

[percy]

Pretty impressive percy. The whole just in time to just in case shift has coincided with the float perfectly.

With currently a lot of shares performing poorly, such as AIR,NZK,MFB and,MPG,it is good seeing a relative new listing doing so well.

[sb9]

With currently a lot of shares performing poorly, such as AIR,NZK,MFB and,MPG,it is good seeing a relative new listing doing so well.

Gotta love companies like this, Simon is a class act!!!

[GOAT]

Gotta love companies like this, Simon is a class act!!!

I don't know anything about Chemical manufacturing, but I know Simon is a winner. I regret not buying a lot more shares at 3.20 just a month ago.

[Snow Leopard]

I don't know anything about Chemical manufacturing, but I know Simon is a winner. I regret not buying a lot more shares at 3.20 just a month ago.

I regret not buying more when they listed and [now] really regret selling some at A$3+ last October.

[sb9]

Wow, hit $4.05 on ASX.

[ThaiJohn]

*Homer moment*
D'oh! I sold all mine @3.40. Thought I was the bees knees. D'oh.

[GOAT]

Wow, hit $4.05 on ASX.

wow.. I was looking to buy more shares, but now I think I need to wait and see if there's a pull back.

Simon bought a lot of shares this past year for under $3, will be interesting to see if he continues buying more shares this year.

[Ricky-bobby]

Same! Dammit. It’s a run away train now!

[sb9]

Simon onto more acquisitions...no stopping this giant!

[percy]

https://www.nzx.com/announcements/390927

[GOAT]

Every time I check the share price, I regret my decision not to invest a lot more. The pain of regret.

[Muse]

Every time I check the share price, I regret my decision not to invest a lot more. The pain of regret.

You aren't alone. I intended to buy shortly after the float but it rose so quickly after the day I thought stuff it I'm not paying the extra premium on the listing price. Clearly I should have.

I still can't help but think its rather pricey. But that's what I thought when I balked at paying the 1.25 when I made the conscious decision not to invest.

Well done holders. Snow Leopard special.

[Nor]

I was amazed to get my small parcel at $1.10 on first day of trading, it dipped a bit I think. Could have got a few more if I'd known but bid a bit higher. Shame you cant enter a buy for a dollar amount.

[percy]

Love the NBR headline...

DGL boss: ugly boards make the best IPOs


Investment • Premium



Chemicals chief takes shot at ‘cleavage’ and ‘fluff’ in My Food Bag share offer.

[Sideshow Bob]

Love the NBR headline...

DGL boss: ugly boards make the best IPOs


Investment • Premium



Chemicals chief takes shot at ‘cleavage’ and ‘fluff’ in My Food Bag share offer.

Best keep to one thread......DGC - DGL Group - Page 16 (sharetrader.co.nz) (https://www.sharetrader.co.nz/showthread.php?12096-DGC-DGL-Group/page16&highlight=DGL)

[winner69]

Love the NBR headline...

DGL boss: ugly boards make the best IPOs


Investment • Premium



Chemicals chief takes shot at ‘cleavage’ and ‘fluff’ in My Food Bag share offer.

So there was a brown woman wearing a shirt with buttons undone in the DGL prospectus as well

DGL’s own prospectus contains a photo of a brown woman (possibly Eurasian!), on the very first page, wearing a shirt with some buttons undone. I wonder why. Possibly to attract a wider group of investors to a company with all-male management? For Henry to think that My Food Bag deploying the exact same (simple, boring) tactic as his own company is salacious because it included a woman in a public leadership position is frankly a little bit terrifying. And I still have no idea what the word Eurasian has to do with anything.

https://thespinoff.co.nz/business/04-05-2022/rich-lister-blames-nadia-lim-cleavage-photo-for-my-food-bag-woes

[winner69]

Some cringeworthy stuff in this prospectus of old

https://philcook.net/beerdiary/wp-content/uploads/Moa-IPO-document.pdf

[winner69]

You've got to say that Simon Henry is a complete idiot ....

[Raz]

Well doing a decent IPO and share performance compared with my food bag so not a complete idiot. Must say not like him…for so many years he kept a very low profile…

[winner69]

Well doing a decent IPO and share performance compared with my food bag so not a complete idiot. Must say not like him…for so many years he kept a very low profile…

yes indeed share done well .....hope it doesn't all turn to custard and the share price collapses ...and these idiotic comments come back to haunt him

[Lola]

yes indeed share down well .....hope it doesn't all turn to custard and the share price collapses ...and these idiotic comments come back to haunt him

I think they will. There are a heap of female fund managers etc in the industry these days and ethically they will stare clear of this guy, and anything he has to do with . I wouldn't be surprised if the new head of the FMA puts him on her mat too. Not smart.

[percy]

I think they will. There are a heap of female fund managers etc in the industry these days and ethically they will stare clear of this guy, and anything he has to do with . I wouldn't be surprised if the new head of the FMA puts him on her mat too. Not smart.

As a shareholder in DGC I love him.

[stoploss]

I think they will. There are a heap of female fund managers etc in the industry these days and ethically they will stare clear of this guy, and anything he has to do with . I wouldn't be surprised if the new head of the FMA puts him on her mat too. Not smart.
https://www.nzherald.co.nz/business/cecilia-robinson-appalling-nadia-lim-eurasian-fluff-claim-why-things-are-not-all-right-for-women-in-business/AMSQVEG4EIDNRAGZXX45MSRMSE/Cecilia Robinson: Appalling Nadia Lim 'Eurasian fluff' claim - why things are not all right for women in business
I think he should withdraw and apologise faster than the speaker back tracked today …..

[winner69]

As a shareholder in DGC I love him.

Seems the man you love is a bit dodgy

From that Herald article -

The NBR wrote an article in May 2021 about Henry's alleged incessant communication with a female intern, who had asked him to stop. He subsequently called her "unwell" and a "nutter", when called out on it publicly. If this is the type of conduct he seemingly condones in public, one could only guess what happens behind closed doors.

[percy]

Seems the man you love is a bit dodgy

From that Herald article -

The NBR wrote an article in May 2021 about Henry's alleged incessant communication with a female intern, who had asked him to stop. He subsequently called her "unwell" and a "nutter", when called out on it publicly. If this is the type of conduct he seemingly condones in public, one could only guess what happens behind closed doors.

I think we see a lot of "unwell" and "nutters" in society.
Perhaps more than our fair share here.?

[Monarch]

I do find it interesting that despite not mentioning gender when allegedly remarking 'the uglier the board the more successful the share price', the writer framed it as if only the woman on the board would be offended by the comment. Not very CEO like behaviour from this joker though, could be messy if any hidden misconduct claims come out of the fog.
https://www.stuff.co.nz/business/industries/128542827/company-ceo-critcised-over-misogynistic-comments-about-nadia-lim

[bullfrog]

Totally agree Lola, all it needs is a Eurasian/nonEurasian female/male fund manager to take umbrage to his on-the-record remarks (does not reflect the values of our fund), and share price will come under real pressure. Been on my watch list, could become a good buying opportunity IMO. Unbelievable stuff.

[winner69]

A real Wimp is Simon

[percy]

A real Wimp is Simon

As in Whangarei and Whanganui you should have included an H.............lol.

[sb9]

All said and done, poor choice of words from the likes of Simon. He should’ve done better than that, before it gets too stormy and ugly he better apologize and put this to an end.

Unwanted distraction for the company he’s running which is going all guns blazing atm.

[winner69]

As in Whangarei and Whanganui you should have included an H.............lol.

Surely he's not Bernard's brother

[percy]

Surely he's not Bernard's brother

Off course he is.

[newbieinvestor]

Surely he's not Bernard's brother

W69 as if you didnt know :p..haha... (Simon Henry Whimp, who has changed his name to Simon Henry.)

[winner69]

W69 as if you didnt know :p..haha... (Simon Henry Whimp, who has changed his name to Simon Henry.)

Social media having a ball ....bringing up his past

[percy]

W69 as if you didnt know :p..haha... (Simon Henry Whimp, who has changed his name to Simon Henry.)

I too think W69 knew his Whimps...lol

[percy]

Social media having a ball ....bringing up his past

Bet you he is laughing his head off at the stink he has started.

[newbieinvestor]

Social media having a ball ....bringing up his past

hehe... social media would have invariably brought his whimpy past... :)

The spinoff in case you guys havent seen it ..

https://thespinoff.co.nz/business/04-05-2022/rich-lister-blames-nadia-lim-cleavage-photo-for-my-food-bag-woes

[Balance]

As I wrote in MFB thread, it must be noted that Simon Henry Whimp must be pretty hard up on the home front to view the photo of Nadia Lim as showing cleavage! :D.

[sb9]

Never seen this thread being so active, haha. One way to become famous for all wrong reasons..

[Raz]

Never seen this thread being so active, haha. One way to become famous for all wrong reasons..

That's the thing, he has spent a career keeping a rather low profile and more digging may well occur...

[winner69]

I can’t believe most of the stuff punters have dug up on this guy ….if any semblance of truth in them he’s had a pretty dodgy past

[Balance]

I can’t believe most of the stuff punters have dug up on this guy ….if any semblance of truth in them he’s had a pretty dodgy past

Suddenly he is overseas and completely unavailable. :D

https://www.stuff.co.nz/business/industries/128542827/company-ceo-criticised-over-misogynistic-comments-about-nadia-lim

‘Henry has been approached for comment via DGL’s media contacts. Someone who answered the phone at DGL’s Auckland office said he was travelling overseas, and his schedule was fully booked.’

Obviously has not heard of a mobile phone and whatever spare time on his trip, he is busy checking out cleavages?

What a pathetic drip.

[newbieinvestor]

NZH to the party :)
https://www.nzherald.co.nz/business/the-spinoff-rich-lister-blames-nadia-lim-cleavage-photo-for-my-food-bag-woes/W6BH4BIC4O6SXWBT4TEU76PLSY/

[newbieinvestor]

I can’t believe most of the stuff punters have dug up on this guy ….if any semblance of truth in them he’s had a pretty dodgy past

'Colourful' past? :t_up:

[Raz]

I can’t believe most of the stuff punters have dug up on this guy ….if any semblance of truth in them he’s had a pretty dodgy past

I can, met him in my twenties when started in business ..he always appeared a very private person most of his adult life and so careful to go under the radar...why now is very strange.. none of us can rewrite our history although the media can.

[Balance]

I can, met him in my twenties when started in business ..he always appeared a very private person most of his adult life and so careful to go under the radar...why now is very strange.. none of us can rewrite our history although the media can.

Spectacular way to come out that he is a ‘cleavage’ obsessed private individual.

[winner69]

Don’t cancel Simon …it will make him a bigger monster Rachael says

It’s up to the likes of Percy who invested in him and his business step forward and provide the mentorship he needs to rehabilitate his thinking.

C’mon percy ….step up and show the love you for him

https://www.todayfm.co.nz/home/opinion/2022/05/simon-henry-needs-help-after-abusive-distressing-comments-about-nadia-lim-.html

[Raz]

Don’t cancel Simon …it will make him a bigger monster Rachael says

It’s up to the likes of Percy who invested in him and his business step forward and provide the mentorship he needs to rehabilitate his thinking.

C’mon percy ….step up and show the love you for him

https://www.todayfm.co.nz/home/opinion/2022/05/simon-henry-needs-help-after-abusive-distressing-comments-about-nadia-lim-.html

Yes and I am still holding DCG.. haha

[percy]

Yes and I am still holding DCG.. haha

Me too..
And I love him.
Doing what he said he would do.In fact achieving more than he said he would.
And also achieving a great deal more than most NZ listed companies.

[Raz]

Me too..
And I love him.
Doing what he said he would do.In fact achieving more than he said he would.
And also achieving a great deal more than most NZ listed companies.

I respected his business skill from when i first met him and what I had seen prior to the IPO, why i invested. Lets see what happens... given how measured he was in the past this comes as a surprise.

[percy]

I respected his business skill from when i first met him and what I had seen prior to the IPO, why i invested. Lets see what happens... given how measured he was in the past this comes as a surprise.

DGC share price a year ago...$1.10...Yesterday $4.15....Up 377% .
MFB,share price a year ago....$1.52..Yesterday ..90 cents.Down 40.8%/
So $1,000 invested in DGC is now valued at $3,770 .
So $1,000 invested in MFB is now valued at $592.
Difference........................................ ......$3,178.................Huge.
Think he had something to crow about.
He certainly proves backing someone with "the owner's eye" really works.

[Balance]

I respected his business skill from when i first met him and what I had seen prior to the IPO, why i invested. Lets see what happens... given how measured he was in the past this comes as a surprise.

Send this article to him - he needs to know what is cleavage and what is not to start his rehabilitation process.

https://www.nzherald.co.nz/lifestyle/too-much-cleavage-viewers-complaint-at-reporters-outfit-angers/BMVS7ZQX2GHHNOHWDQYVIFZOFM/

I will leave the Eurasian fluff to others to comment on as he seems to have a fixation with Asians & Eurasians?

Quite a few issues from a deprived childhood to sort out?

[Balance]

DGC share price a year ago...$1.10...Yesterday $4.15....Up 377% .
MFB,share price a year ago....$1.52..Yesterday ..90 cents.Down 40.8%/
So $1,000 invested in DGC is now valued at $3,770 .
So $1,000 invested in MFB is now valued at $592.
Difference........................................ ......$3,178.................Huge.
Think he had something to crow about.
He certainly proves backing someone with "the owner's eye" really works.

CBL, Wynyard and ATM had their time crowing too - a share price is but at a point in time which needs to be sustained to have long term credibility. You don’t see really accomplished and successful operators behaving like Mr Whimp/Simon Henry. A red flag imo.

[percy]

CBL, Wynyard and ATM had their time crowing too - a share price is but at a point in time which needs to be sustained to have long term credibility. You don’t see really accomplished and successful operators behaving like Mr Whimp/Simon Henry. A red flag imo.

Each to their own.

Disc.Hold DGC,do not hold MFB,Never held ATM,CBL or Wynyard.

[bull....]

KiwiSaver fund won't invest in company after CEO's 'derogatory comments' about Nadia Lim

https://www.stuff.co.nz/business/industries/128549213/kiwisaver-fund-wont-invest-in-company-after-ceos-derogatory-comments-about-nadia-lim

[bull....]

Send this article to him - he needs to know what is cleavage and what is not to start his rehabilitation process.

https://www.nzherald.co.nz/lifestyle/too-much-cleavage-viewers-complaint-at-reporters-outfit-angers/BMVS7ZQX2GHHNOHWDQYVIFZOFM/

I will leave the Eurasian fluff to others to comment on as he seems to have a fixation with Asians & Eurasians?

Quite a few issues from a deprived childhood to sort out?

Eurasian fluff should have just left out the race bit

[winner69]

As percy says Henry probably laughing at all the stink he's caused

Even subject matter for cartoons ...from @attackcartoonnz

[Lola]

I think they will. There are a heap of female fund managers etc in the industry these days and ethically they will stare clear of this guy, and anything he has to do with . I wouldn't be surprised if the new head of the FMA puts him on her mat too. Not smart.

iTS HAPPENING. Kiwi Wealth are giving DGC a big miss and many others will follow. Henry wont give a damn . Arrogance has no bounds. But he was 150% right with his comments about the MFB float.
His Board should tell him to take a cold shower and do what they all do in the House...Withdraw and Apologize to the young lady. It wasn't her fault the public got sucked in.

[percy]

As percy says Henry probably laughing at all the stink he's caused

Even subject matter for cartoons ...from @attackcartoonnz

Good one..lol

[percy]

iTS HAPPENING. Kiwi Wealth are giving DGC a big miss and many others will follow. Henry wont give a damn . Arrogance has no bounds. But he was 150% right with his comments about the MFB float.
His Board should tell him to take a cold shower and do what they all do in the House...Withdraw and Apologize to the young lady. It wasn't her fault the public got sucked in.

Share price down 3 cents in NZ on 8,944 shares traded.
Share price up 7 cents in Aussie on 75,340 shares traded.
Was that Kiwi Wealth selling in NZ.?

[Balance]

As percy says Henry probably laughing at all the stink he's caused

Even subject matter for cartoons ...from @attackcartoonnz

Uncanny resemblance to Putin?

Most unfortunate to have his nighttime activities of watching porn get discussed ?

[winner69]

Uncanny resemblance to Putin?

Most unfortunate to have his nighttime activities of watching porn get discussed ?

Some says he a bit like Trump

Mix his views/behaviour with some of his dangerous chemicals and you have one explosive mixture .... anything could happen

[Balance]

Share price down 3 cents in NZ on 8,944 shares traded.
Share price up 7 cents in Aussie on 75,340 shares traded.
Was that Kiwi Wealth selling in NZ.?

Simon Henry Whimp can forget about his pending selldown of shares imo.

[percy]

Some says he a bit like Trump

Mix his views/behaviour with some of his dangerous chemicals and you have one explosive mixture .... anything could happen

And it is....................lol.
And our Aussie "mates" are enjoying it the most,with DGL [asx] up 10 cents,on 113,328 shares traded..
Hang on...If you are quick you can pick up 170 shares at $4.13 in NZ.

[Balance]

And it is....................lol.
And our Aussie "mates" are enjoying it the most,with DGL [asx] up 10 cents,on 113,328 shares traded..
Hang on...If you are quick you can pick up 170 shares at $4.13 in NZ.

Be our guest, Percy - they are yours to buy & keep.:D

[Raz]

And it is....................lol.
And our Aussie "mates" are enjoying it the most,with DGL [asx] up 10 cents,on 113,328 shares traded..
Hang on...If you are quick you can pick up 170 shares at $4.13 in NZ.

Australia perhaps not as progressive as NZ, I know a couple of finance people over there who just loved it. May even enhance his rep.. Think he spends more time there anyway...

[percy]

Be our guest, Percy - they are yours to buy & keep.:D

I bought what I wanted sometime ago.Very pleased to be in a company driven by its major shareholder,which has a great growth strategy,in a sector that has a deep moat.Pleasing seeing owners selling their businesses to DGL happy to accept a combination of cash and script in payment.Exciting times ahead.No intention of ever selling my shares.
Now up 12 cents in Aussie today.Clever investors those Aussies.
Hang on,now up 13 cents on 191,022 traded in Aussie,and only 17,576 in NZ..
Be quick just 1,400 for sale at $4.19 in NZ.

[GOAT]

DGL is up 3% today and MFB is down 1.11%

Looks like the market doesn't care about the comments.

I haven't followed MFB, but can see their share price is down like 50% from launch in 1 year.. how did they manage that?

[percy]

DGL is up 3% today and MFB is down 1.11%

Looks like the market doesn't care about the comments.

I haven't followed MFB, but can see their share price is down like 50% from launch in 1 year.. how did they manage that?

I dear not comment,but perhaps Simon Henry may...lol.
Interesting noting owners of MFB sold down,while the owner of DGC DGL,Simon Henry has been buying more shares on market.

[bull....]

Another KiwiSaver fund manager says it won’t touch shares in chemical company DGL

https://www.stuff.co.nz/business/industries/128549213/kiwisaver-funds-blacklist-dgl-over-ceos-derogatory-nadia-lim-comments

looks like neither owned shares so wont have much impact

[GOAT]

Simplicity did not hold the stock but if it did, it would have sold it straight away and sought answers from DGL’s board, he said.

Yep, looks like all the kiwisaver funds want some free advertising. If they are that upset, perhaps they can consider buying shares in MFB.

[percy]

Simplicity did not hold the stock but if it did, it would have sold it straight away and sought answers from DGL’s board, he said.

Yep, looks like all the kiwisaver funds want some free advertising. If they are that upset, perhaps they can consider buying shares in MFB.

345,313 shares in DGL [dgc] traded in Aussie today.
20,057 shares in DGC [dgl] traded in NZ today.
Maybe the right time to save costs and delist in NZ.?

[THEONE]

I actually have lots of issues with Simplicity Kiwisaver.

I didn't signup for a property developer or home loan company

When I signed up all I want is like a vanguard passive index.

They care more about being woke,

Simon Henry shouldn't have phrased it like he did, but ultimately what he said was true. MFB has been allot of Fluff based around Nadias good looks and personality. Where as DGL is more boring and based on the numbers.

However I don''t think there was anything sensual or any clevage involved, just an exaggeration. I don think saying Eurasian means he is racist.

[winner69]

345,313 shares in DGL [dgc] traded in Aussie today.
20,057 shares in DGC [dgl] traded in NZ today.
Maybe the right time to save costs and delist in NZ.?

And Henry could move to Aussie as well and start slagging off Aussie shielas

What do they say …. That would improve the intellect and standards of both countries …or something like.

Sooner the better

[Raz]

I think he spends most of his time there already..has for long time actually. Soon after the Christchurch earthquakes he more into Sydney/Melbourne commercial property…

[percy]

I actually have lots of issues with Simplicity Kiwisaver.

I didn't signup for a property developer or home loan company

When I signed up all I want is like a vanguard passive index.

They care more about being woke,

Simon Henry shouldn't have phrased it like he did, but ultimately what he said was true. MFB has been allot of Fluff based around Nadias good looks and personality. Where as DGL is more boring and based on the numbers.

However I don''t think there was anything sensual or any clevage involved, just an exaggeration. I don think saying Eurasian means he is racist.

I agree not phrased well,but true.

[Balance]

I think he spends most of his time there already..has for long time actually. Soon after the Christchurch earthquakes he more into Sydney/Melbourne commercial property…

Be even better if he takes his ratbag brother Bernard Whimp with him and pxss off to Oz.

[percy]

And Henry could move to Aussie as well and start slagging off Aussie shielas

What do they say …. That would improve the intellect and standards of both countries …or something like.

Sooner the better
I take it you still hold MFB.?

[BDL]

I actually have lots of issues with Simplicity Kiwisaver.

I didn't signup for a property developer or home loan company

When I signed up all I want is like a vanguard passive index.

They care more about being woke,

Simon Henry shouldn't have phrased it like he did, but ultimately what he said was true. MFB has been allot of Fluff based around Nadias good looks and personality. Where as DGL is more boring and based on the numbers.

However I don''t think there was anything sensual or any clevage involved, just an exaggeration. I don think saying Eurasian means he is racist.

Agree with you there. The point he was making has been completely lost on the "lets be woke" brigade. What he said, could have probably been said a bit better, but it wasn't that bad. I am usually classed as "European NZ" or "pakeha", I don't get upset and cry racist over it.

At the end of the day (thanks John Key), NZ backs losers not winners. Typical. Australia will take him and his business in in a flash......

[winner69]

I take it you still hold MFB.?

No no percy

Borrowed some in the 160's and bought at 120 odd to give then back .... that was good

[percy]

No no percy

Borrowed some in the 160's and bought at 120 odd to give then back .... that was good
You did well.
Would not tell anyone though...lol
Looking not fresh at 88 cents.

[winner69]

You did well.
Would not tell anyone though...lol
Looking not fresh at 88 cents.

Yep, did OK

But not as well as the guys who managed to get twice what they should have for MFB --- geniuses weren't they

[Balance]

Agree with you there. The point he was making has been completely lost on the "lets be woke" brigade. What he said, could have probably been said a bit better, but it wasn't that bad. I am usually classed as "European NZ" or "pakeha", I don't get upset and cry racist over it.

At the end of the day (thanks John Key), NZ backs losers not winners. Typical. Australia will take him and his business in in a flash......

The point Percy, you and Theone is missing is that Nadia Lim takes extreme offense at Simon Whimp comments - and that is what really matters.

Of course Australia will take him in a flash and they are welcome to him - like they welcomed Ron Brierley, Bruce Judge and Mark Bryers.

[winner69]

The point Percy, you and Theone is missing is that Nadia Lim takes extreme offense at Simon Whimp comments - and that is what really matters.

Of course Australia will take him in a flash and they are welcome to him - like they welcomed Ron Brierley, Bruce Judge and Mark Bryers.

I was thinking earlier he could end up as the next Ron .....corporate raider, deal maker, industry consolidator etc etc etc

[THEONE]

I would love to make millions from an IPO and for someone to say was because of my good looks.

[Balance]

I would love to make millions from an IPO and for someone to say was because of my good looks.

That's you because you have not put in the hard yards and then on the risks of setting up and building up a multi-million company.

Or have you?

[Balance]

I was thinking earlier he could end up as the next Ron .....corporate raider, deal maker, industry consolidator etc etc etc

Or the next Eric Watson?

[winner69]

Shareholders Ass not that happy either -insulting to most retail investors - said most because he knew percy and others appear to condone such behaviour

New Zealand Shareholders’ Association (NZSA) chief executive Oliver Mander said Henry's comments were insulting to most retail and institutional investors, as well as to Lim.

The comments flew in the face of NZSA’s policy on board composition, which included core thought and social diversity as a foundation for improving the quality of corporate governance in New Zealand, he said.

Henry’s comments also worked against DGL Group’s own diversity policy, he said.

NZSA looked forward to discussing DGL's progress on its diversity objectives in future, he said.

DGL has a diversity policy which says the company is committed to being an inclusive workplace that embraces and values diversity.

“In order to have an inclusive workplace, discrimination, harassment, vilification and victimisation cannot and will not be tolerated,” it says.

It says the board must include directors of different ages, ethnicities and backgrounds, and that diversity is a key strategic asset, and focus, of the company.

https://www.stuff.co.nz/business/industries/128549213/kiwisaver-funds-blacklist-dgl-over-ceos-derogatory-nadia-lim-comments

[Raz]

Shareholders Ass not that happy either -insulting to most retail investors - said most because he knew percy and others appear to condone such behaviour

New Zealand Shareholders’ Association (NZSA) chief executive Oliver Mander said Henry's comments were insulting to most retail and institutional investors, as well as to Lim.

The comments flew in the face of NZSA’s policy on board composition, which included core thought and social diversity as a foundation for improving the quality of corporate governance in New Zealand, he said.

Henry’s comments also worked against DGL Group’s own diversity policy, he said.

NZSA looked forward to discussing DGL's progress on its diversity objectives in future, he said.

DGL has a diversity policy which says the company is committed to being an inclusive workplace that embraces and values diversity.

“In order to have an inclusive workplace, discrimination, harassment, vilification and victimisation cannot and will not be tolerated,” it says.

It says the board must include directors of different ages, ethnicities and backgrounds, and that diversity is a key strategic asset, and focus, of the company.

https://www.stuff.co.nz/business/industries/128549213/kiwisaver-funds-blacklist-dgl-over-ceos-derogatory-nadia-lim-comments


Yes read that, reading his comments and context again.. have to say that appears overreach to me.

[percy]

Yes read that, reading his comments and context again.. have to say that appears overreach to me.

Certainly is.
649,121 traded in Aussie.
43,930 traded in NZ.

[Balance]

Certainly is.
649,121 traded in Aussie.
43,930 traded in NZ.

Good. Sooner he pxssed off to Oz with Bernard Whimp to join the likes of other NZers like Ron Brierley, the better.

[percy]

Good. Sooner he passed off to Oz with Bernard Whimp to join Ron Brierley, the better.

Do not think he is that way inclined.
Aussie investors certainly do not see him that way.Neither do I.

[Balance]

Deleted deleted

[Balance]

Do not think he is that way inclined.
Aussie investors certainly do not see him that way.Neither do I.

See him what way?

I thought you wrote that Aussies would welcome him - like they welcomed the likes of Ron Brierley & Bruce Judge & Mark Breyers?

[bull....]

dont think it even makes the news in aus.

[percy]

dont think it even makes the news in aus.

Certainly made Trevor Mallard yesterday news,which should make him happy.

[Raz]

Good. Sooner he pxssed off to Oz with Bernard Whimp to join the likes of other NZers like Ron Brierley, the better.

You seem to have real beef with him.

I am not happy what he has said as CEO of a company I have an investment in given the PR risks he has generated for the company/shareholders.

I would not have phrased it that way and in particular target one of the founders of that prospectus. What he sited in the prospectus, photo wise, appears not accurate.

It will have caused offence to all parties involved. However who in reality has not been offended by someone in life, it happens...often. I do think less of him for doing it.

I was offended by the Green parties policy change on leadership this week....stuff happens. I think less of them for doing it.

Having said that DGL is one of the few bright lights, business wise, on the NZX. He clearly has talent in business to date, in his business career since I became aware of him around 2000 and utilised the money from the IPO to grow the business.

I never purchased into the other IPO, i would not be surprised if it ends up badly...way worse than it currently is. I would have to ask myself what they hell was I doing if I ended up promotor on that IPO. The way that played out.. I think less of the people involved.

Everyone has their own values.. That is just the way life is.

[THEONE]

Yes he shouldnt have said phrased it like that. But I get sick of People who act all holier than thou.
Like they are angels and never said or done anything wrong.
People are quick to condem, to make them selves out to be superior and a nice person.
When in reality they are just as bad.