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Thread: DGL

  1. #11
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    Quote Originally Posted by soltrader View Post
    Any got any thoughts on this wine company?
    Do you mean general thoughts about their business strategy, or about what happening right now?
    SP been meandering upwards through the recent meltdown.
    -US exporter so exchange-rate dependant, but a premium product so not such knife-edge margins that threatren viabilty of exporting strategy.
    -Internationally, some wine gluts (EU). But not at premium end of the market. And DGL trying to make it all about the brand (at 2 levels: NZ; Oyster Bay)
    -Will the US ec slowdown affect premium-end american wine drinkers ability to drink what they want?
    -Globally a little fish in a big sea. Typical kiwi - does it's homework and punches above it's weight.
    Hold.

  2. #12
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    Thanks. I bought into the ipo and still holding.
    But I'm not sure how much upside potential is still there.
    Was thinking maybe it's time to take the profit when the share price doubles.

  3. #13
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    Default 2 x Resignations & being sold at Foodtown

    Looking at the market announcements this year there have been two senior resignations at Delegat's - GM Strategy, announced 21 Apr, and MD Northen Hempisphere, announced 29 Jan.

    I've also noticed that my local Foodtown have recently started selling Oyster Bay.

    When put together, at face value this could suggest inconsistency with Delegat's emphasis on growth in the global super premium wine market.

    Am I reading too much into this?.

  4. #14
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    a very muted response to a very solid result.
    probably the best on the NZX at present in terms of growth
    “If you're worried about falling off the bike, you’d never get on.”

  5. #15
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    Big picture shows a global wine lake , far too much being produced .
    Delgats say the quality end dosent suffer from this , but consumers going to be very price conscious in these times and are likely to head straight for the bargain bins.
    Restaurant sales also likely to come under pressure

  6. #16
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    alcohol is the last to go..... in fact it never goes.

    I know from my current situation my drinking hasnt changed... maybe increased

    but im not buying new clothes or TV's etc.

    also more folk likely to grab a bottle and have a few drinks at home.

    if yuo were going to see a flattening off it would have already happened.
    “If you're worried about falling off the bike, you’d never get on.”

  7. #17
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    Jim delivers again.

    Whilst not a great "recovery " stock. Its been a solid performer through the recession.

    With 30mNPAT this year . Div yield of over 6% p/e of 7x it's pretty reasonable.

    Given what happened to Montana et al, you'd have to wonder at some piont if Jim is thinking about an exit strategy via a takeover.

    chart wise about to break out from a bullish triangle which has been in place since Oct 07 market top.

    Once this bit of stale selling is cleared a run back to the old highs of 2.90 looks likely.
    “If you're worried about falling off the bike, you’d never get on.”

  8. #18
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    Div yield of over 6% p/e of 7x it's pretty reasonable.(Footsie)

    You call it pretty reasonable, I thought brilliant would be a better description. How many other NZX companies are there growing there net profits per share from 7c in 2006 to 30+ cents in 2009 and still have a good change of further growth. Thats a compounding growth of over 60% for 3 years.
    I would love to hear of anybody who can think of a NZX company with a low trailing PE of less then 10 and a expectation of growing NP by 30% +, compounding for the next 3 years.
    Yes I would be happy with half the yearly growrh in net profit.

  9. #19
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    Can anyone explain why DGL is not in the NZX 50? It is larger than many others in the list.

  10. #20
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    They have some silly rules.
    One is the free float for liquidity and the other is to be included in the top 50 you have to be above 45 on the list

    DGL are 42 so they should be in really.
    In my opinion MVN, SKL and THL should be dropped.

    THL m/cap 50-60m... they should be OUT THE DOOR>

    This wouldnt happen on the ASX
    “If you're worried about falling off the bike, you’d never get on.”

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