DGL

[Lizard]

I liked result. Yet to get back for a close look. Was hoping forest would write it up .

[forest]

Ok for what it is worth.

By my calculations about 65% of their exports are to North America, UK and Europe. Currency in those countries dropped between 6% and 8% compared to the NZ$ between Dec 10 and Dec 11.

Profits didnt change much from 1H10 to 1H11.
So under the circumstances not a bad result in my mind especially if one considers that 1H12 CFop is up more then 20% on previous year.

[000831]

beauty has been igroned at the corner. 30%-40% increase in NPAT this year? where are other holders?

[Zaphod]

beauty has been igroned at the corner. 30%-40% increase in NPAT this year? where are other holders?

+1 very happy holder here. Hopefully they keep up the good work!

[forest]

FORECAST: DGL: 2013 Harvest Announcement and Performance Guidance Update 12:24p.m.
DGL
16/07/2013 12:24
FORECAST

REL: 1224 HRS Delegat's Group Limited

FORECAST: DGL: 2013 Harvest Announcement and Performance Guidance Update

Delegat's Group Limited announces that it has concluded the 2013 harvest
which amounted to 28,884 tonnes, in line with forecast and up 42% on the low
yielding 2012 vintage. This includes 1,271 tonnes from acquired productive
vineyards during the year.
The 2013 harvest has delivered on-target yields and in line with previous
guidance. The season has delivered exceptional quality fruit as a result of
ideal weather conditions throughout the 2012/13 growing season.
Jim Delegat, Managing Director, Delegat's Group Limited says "the Group has
closely managed its inventory throughout the 2013 financial year. The higher
2013 harvest provides us the opportunity to rebuild our depleted
carry-forward inventory levels for Chardonnay, Pinot Noir and Merlot. The
Marlborough Sauvignon 2013 vintage was released in early June".
The Group is confident in its ability to deliver a strong performance in 2013
financial year having maintained in-market case price realisation and case
sales volumes in an environment of continued foreign exchange headwinds. The
Group's 'operating profit' will be in line with the previous market guidance,
albeit having incurred acquisition costs for the purchase of Barossa Valley
Estate Pty Limited.
The Group anticipates that the 'reported profit' will be significantly higher
this year through the impact of New Zealand IFRS fair value adjustments,
particularly the net harvest provisions for the current year vintage.

DYOR, Drink Oyster Bay or Delegats wine.
The more you drink it the better you will understand this company.

[percy]

DYOR, Drink Oyster Bay or Delegats wine.
The more you drink it the better you will understand this company.

Great investment advice.!!!!

[forest]

I have been watching this company closely for a while.
However thier latest results indicates thier stratigy of growth by way of middle to high brand wine sale's volume does not appear to be working.

Yes they sold a heap more wine but the price per case has gone backwards.

Of course they have blamed the $ but this was no higher than the ave for the previous year.

Anyone with thoughts on the latest results.

I am a little disappointed, they forecast growth for the next 6 years (from 1.95 mil cases to 3.07 mil cases) not a rate I get exited about. So a mediocre result in my mind.

[Lorne Ranger]

Good overall climate for growth it seems. Demand wont be an issue...

http://www.bbc.co.uk/news/world-24746539

[samdaman]

Hey I'm new to investing and have been looking at this company recently.

I've been trying to value this stock with the discount dividend model and the gordon growth model and both return values showing the stock is worth buying. This was using conservative values as well. However some warning flags have shot up for me that I thought I may run by here to see what people think.

-First up I'm relatively new to this so I feel as though I could have stuffed up the numbers, I'm generally good with numbers though so I don't think I would of done that, anything can happen though.
-The ROE seems to be a huge flag for a lot of value investors and DGL seem to have strange values which hover around an average of 13%. Would this be too small and risky for someone with a tiny amount of money?
-Is the amount of debt/equity a little high?
-How worrying should one find it that their book value is a good 150mil lower than their market cap?
-Also are these good and relevant fundamentals to be looking at to try value a company?

Thanks for any help guys. A newb like me really appreciates any input

[000831]

the problem is liquidity issues, hard to buy and hard to sell. it always in my watch list, but never bought it once. Maybe when I am over 60s, I have patience to buy and hold it.