DGL - DGL Group

[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 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