DGL - DGL Group

[Snow Leopard]

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

Website

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

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/showth...&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

[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:

2021-05-24-ASX-DGL-A.jpg

[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.