DGL - DGL Group

[percy]

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.

Agree.
Too many here and in the media today.
Below is a link that someone posted on one of the DGC/DGL threads months ago.
It was the reason I bought into DGC/DGL.
https://www.youtube.com/watch?v=njtQEj6cchY&t=6s

[Balance]

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.

You speak for yourself.

Thanks for the revelation.

[percy]

You speak for yourself.

Thanks for the revelation.

Funny enough I thought of you straight away..
Certainly kept you busy.A field day.
All your old Ron Brierley,Mark Bryers and Bruce Judge vile stand byes,.

[winner69]

Agree.
Too many here and in the media today.
Below is a link that someone posted on one of the DGC/DGL threads months ago.
It was the reason I bought into DGC/DGL.
https://www.youtube.com/watch?v=njtQEj6cchY&t=6s

Sharon likes that video too

Her comment today - Good on you buddy…. You have single handedly given us women the ammunition to go for pay-parity with our male counterparts and sexism in the workplace…. Keep it up

[Balance]

Funny enough I thought of you straight away..
Certainly kept you busy.A field day.
All your old Ron Brierley,Mark Bryers and Bruce Judge vile stand byes,.

I stand behind every comment I make - not hide behind some excuse of being overseas and full schedule BS.

And what kind of person disowns his family name to hide from scrutiny?

You figured yet why Simon Whimp is so obsessed with cleavage? :D

[Raz]

I stand behind every comment I make - not hide behind some excuse of being overseas and full schedule BS.

And what kind of person disowns his family name to hide from scrutiny?

You figured yet why Simon Whimp is so obsessed with cleavage? :D

Have you considered bring up his original family name and inferred guilty by association because of family members... which the media have got off on all day.. makes you all somewhat hypocrites.. don't see it any better or worse than what he has done.

[winner69]

Simon loving every minute of this ...getting better by the day

Does Simon Henry have a God complex?

https://www.nbr.co.nz/node/234330

What is the difference between God and Simon Henry?

God doesn’t think he’s Simon Henry. ⁦.

[percy]

https://www.youtube.com/watch?v=njtQEj6cchY&t=6s
Anyone care to comment on this link I previously posted.?

[winner69]

Even the AFR in on the act -- Simon won't be doing much proper work today

https://www.afr.com/rear-window/dgl-s-simon-henry-makes-a-boob-of-himself-20220505-p5aiur

The click bait was
Who knew the most arresting of chemical company DGL sludge would come straight out of the the CEO's own mouth

[winner69]

DGL's Chair Peter Lowe pretty quiet on these matters affecting the reputation of his company

Probably thinks his CEO's behaviour is perfectly OK

[winner69]

https://www.youtube.com/watch?v=njtQEj6cchY&t=6s
Anyone care to comment on this link I previously posted.?

Yes percy -- we all saw it again yesterday

You need to try harder

[Balance]

Even the AFR in on the act -- Simon won't be doing much proper work today

https://www.afr.com/rear-window/dgl-s-simon-henry-makes-a-boob-of-himself-20220505-p5aiur

The click bait was
Who knew the most arresting of chemical company DGL sludge would come straight out of the the CEO's own mouth

Same sort of complex and behaviour like his brother Bernard Whimp - they can do no wrong because they believe anything is fair game.

Interesting observation from NBR when I discussed with them the compilation of their Rich List - the flakey ones like Eric Watson & Hawkins volunteered and argued with the NBR that the NBR underestimated their wealth. Get the picture?

[newbieinvestor]

https://www.youtube.com/watch?v=njtQEj6cchY&t=6s
Anyone care to comment on this link I previously posted.?

Yeah, I originally posted that link in this forum when researching on this co.... He comes across as streetsmart with loads of business acumen...
The current episode is a bit of an uncalled distraction... We shall wait and see how it pans out.. In the long term shouldn't matter, given percy your portfolios generally seem to be for the long haul and guessing you bought the share sub $3 so have a comfortable buffer...

[Sideshow Bob]

I certainly do not at all condone Simon Henry's comments, and are out of line - Nadia is an integral part of their brand and on reflection should realise that she would always be in the documentation. MFB is largely around brand - chemicals not so much. But perhaps the issue is more symptomatic of some of the companies and their marketing? Especially around IPO's but also annual reports and presentations.

Many are simply spin - glossy photos, plenty of graphics and carefully spun material to cover the arbitary glance - often targeting the mum & dad/unintiated investor. How many investors spend more time looking at the photos, rather than carefully considering the financials? Many on this forum have were very dubious on MFB IPO, but they have over 6,000 shareholders with 45% of these under 1000 shares, and expect most well under water.

On one hand it is great that information is presented in a more engaging, user-friendly way than an old-style document, but at some stage many companies cross the line (IMO) with their guilding the lilly, so to speak. Financials are audited, but the commentary and other info isn't - and that is often a sign of a company under promises/over delivers and want to invest in, than one you don't.

[winner69]

Shareholders Ass guy on radio this morning

https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/oliver-mander-shareholders-association-chief-says-simon-henrys-comments-toward-nadia-lim-are-insulting-to-lim-but-to-shareholders-also/

[Balance]

Shareholders Ass guy on radio this morning

https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/oliver-mander-shareholders-association-chief-says-simon-henrys-comments-toward-nadia-lim-are-insulting-to-lim-but-to-shareholders-also/

Anyone looking at this photo of Nadia (and it's the only one apparently of her amongst the many many other photos in the prospectus) will come to the conclusion that there is a serious problem with Simon Whimp - either his eyes need checking up or his brains.

https://www.newstalkzb.co.nz/media/ie2cpum5/nadia-lim-my-food-bag-prospectus-edit.jpg?rmode=crop&rnd=132963002000200000&height=395&width=635&quality=95&scale=both

[percy]

Yeah, I originally posted that link in this forum when researching on this co.... He comes across as streetsmart with loads of business acumen...
The current episode is a bit of an uncalled distraction... We shall wait and see how it pans out.. In the long term shouldn't matter, given percy your portfolios generally seem to be for the long haul and guessing you bought the share sub $3 so have a comfortable buffer...

Sorry I did not credit you,but I could not find your post .
Yes bought long term under $3.
The reasons I bought remain intact.
Not looking to sell.
Depending on financials and growth projections I could add to my holding.
Certainly like the fact Simon Henry has such a large controlling shareholding,and adding sensible bolt on acquisitions.Owning their major sites makes good sense too.I like the sector.
Agree the current episode is a bit of an uncalled distraction.,and hopefully he will apologize,and has learnt from it.
Lets not forget MFB float was a disgrace,while DGC is a roaring success.And that was basically the point missed by commentators.
ps.Pleasing seeing Milford taking a sensible stance.

[Balance]

https://www.newstalkzb.co.nz/media/ie2cpum5/nadia-lim-my-food-bag-prospectus-edit.jpg?rmode=crop&rnd=132963002000200000&height=395&width=635&quality=95&scale=both
Sorry I did not credit you,but I could not find your post .
Yes bought long term under $3.
The reasons I bought remain intact.
Not looking to sell.
Depending on financials and growth projections I could add to my holding.
Certainly like the fact Simon Henry has such a large controlling shareholding,and adding sensible bolt on acquisitions.Owning their major sites makes good sense too.I like the sector.
Agree the current episode is a bit of an uncalled distraction.,and hopefully he will apologize,and has learnt from it.
Lets not forget MFB float was a disgrace,while DGC is a roaring success.And that was basically the point missed by commentators.

No, we have not missed the point that Simon WHIMP believes that he has an ugly board and that's why DGC's sp has done better than MFB.

We have not missed the point that he either needs his eyes or brain checked. Which one do you think he must get checked?

[Balance]

Interesting web-site of WHIMP :

https://bernardwhimp.com/?gclid=CjwKCAjw682TBhATEiwA9crl33_CoGsCxfVsvchIuor gPPo_G-fYNSpgp6UCDeRwseRmAvswrsRXWRoCXjEQAvD_BwE

https://bernardwhimp.com/wp-content/uploads/2019/03/image-4-min-400x284.png

[newbieinvestor]

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.

Since you have met him in person Raz...Approximately how old do you reckon he would be these days?...

Not condoning his comments.. He seems a streetsmart businessman but possibly of late become a bit headswollen\cad to make such a unnecessary comment...

[Raz]

Sorry I did not credit you,but I could not find your post .
Yes bought long term under $3.
The reasons I bought remain intact.
Not looking to sell.
Depending on financials and growth projections I could add to my holding.
Certainly like the fact Simon Henry has such a large controlling shareholding,and adding sensible bolt on acquisitions.Owning their major sites makes good sense too.I like the sector.
Agree the current episode is a bit of an uncalled distraction.,and hopefully he will apologize,and has learnt from it.
Lets not forget MFB float was a disgrace,while DGC is a roaring success.And that was basically the point missed by commentators.
ps.Pleasing seeing Milford taking a sensible stance.

It will help all the action is in Australia, they are a little more WTF on anything attitude there, perhaps Simon has spent too much time over there and doesn't get NZ and the way it now is.

Let's face it most kiwis have no idea or interest in enterprise and a good business....certainly few commentators. A lot of virtual signaling from a few people that have not even invested within the finance community...talking the kiwi saver providers... that is a growing trend of self promotion..

[Balance]

It will help all the action is in Australia, they are a little more WTF on anything attitude there, perhaps Simon has spent too much time over there and doesn't get NZ and the way it now is.

Let's face it most kiwis have no idea or interest in enterprise and a good business....certainly few commentators. A lot of virtual signaling from a few people that have not even invested within the finance community...talking the kiwi saver providers... that is a growing trend of self promotion..

And you think this guy has a good idea of ethical business and self-promotion?

https://bernardwhimp.com/wp-content/uploads/2019/04/DSC00312-3.jpg

[winner69]

OMG …a 52 year incessantly contacting a 21 year-old and asking her to stay with him

It’s getting worse


https://thespinoff.co.nz/business/06-05-2022/the-eurasian-fluff-ceo-has-already-lost-60m-heres-how-he-might-lose-far-more

[Balance]

OMG …a 52 year incessantly contacting a 21 year-old and asking her to stay with him

It’s getting worse


https://thespinoff.co.nz/business/06-05-2022/the-eurasian-fluff-ceo-has-already-lost-60m-heres-how-he-might-lose-far-more

The hero of Percy, THEONE, Raz and BDL in action: His pattern of behavior is becoming clearer?

"The deeply unpleasant thing is that this is not an isolated incident for Henry. Less than a year ago the NBR’s Tim Hunter published a sickening story regarding a long-term campaign of harassment toward a woman they identified as Jane.

After a chance meeting in a hotel, he asked her manager for her email, and began a relentless conversation with her, in which she was an occasional and largely disinterested participant.

After asking her to marry him and talking about a “random” encounter with a photograph of her mother – who does not share Jane’s name – she eventually asked him explicitly to stop contacting her.

He responded by calling her “unwell”.

Clearly shaken by the escalating pattern, she told Hunter “I felt disgusting. I felt dirty, I felt tainted.”

When the content of the emails was put to Henry, he told Hunter he thought she was “a nutter”.

[bull....]

like i said yesterday no body in aus seems to give a **** about this story if they did the share price would have collapsed

[Balance]

like i said yesterday no body in aus seems to give a **** about this story if they did the share price would have collapsed

SP down 10% since story broke on NBR - more downside yet as facts emerge about what kind of person Simon WHIMP is.

Cheaper shares for Percy & you to buy today - don't be in a big hurry though as more are on the way!

[Balance]

And you think this guy has a good idea of ethical business and self-promotion?

https://bernardwhimp.com/wp-content/uploads/2019/04/DSC00312-3.jpg

Same person?

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcT2Q72KFsgZ1v_RhAYye4ETkviqOcs70 T59r7frYM6Mmm2OveVvR2ZR0M3_emL1Hh59DI8&usqp=CAU

[winner69]

Be funny if Bernard got up to his old tricks and put in an offer of $1.50 for DGC shares

Percy could sell into it :t_up:

[Balance]

Be funny if Bernard got up to his old tricks and put in an offer of $1.50 for DGC shares

Percy could sell into it :t_up:

One shareholder I know contacted by Bernard in one of his low life offers posted the offer back with deposit - from the toilet.

He said he never received another offer again which he felt was rather unkind of Bernard as he was intent on escalating the size of the deposits over time.

Percy may want to do the same if said offer surfaces? :t_up:

[Ronnie]

https://www.youtube.com/watch?v=njtQEj6cchY&t=6s
Anyone care to comment on this link I previously posted.?


Thanks for posting, its an interesting watch.

I purchased my first DGL shares on Monday, having researched the company.

At brunch with friends this morning I found out about the comments made by SH. :huh: People who don't even follow the stockmarket.
Ah well.

Might be a chance to buy more at a discount.

[Balance]

Thanks for posting, its an interesting watch.

I purchased my first DGL shares on Monday, having researched the company.

At brunch with friends this morning I found out about the comments made by SH. :huh: People who don't even follow the stockmarket.
Ah well.

Might be a chance to buy more at a discount.

Hope it does better then than your investment in ATM & FPH.

[Ronnie]

Hope it does better then than your investment in ATM & FPH.

Thanks! That makes 2 of us. :laugh:

[huxley]

Henry scandal update - Simon sleeps nude in an oxygen tank which he believes gives him sexual powers.

[winner69]

NBR keeping Simon busy today ….more detail on carry on with Jane from last year

https://www.nbr.co.nz/story/businessman-and-intern

[newbieinvestor]

NBR keeping Simon busy today ….more detail on carry on with Jane

https://www.nbr.co.nz/story/businessman-and-intern


I believe the media wont stop till they get a statement from Simon or DGL..

Rachel Smalley: Simon Henry's silence is starting to cost him
https://www.todayfm.co.nz/home/opinion/2022/05/rachel-smalley-simon-henrys-silence-is-starting-to-cost-him.html

"Of course, the elephant in the room right is the board of DGL group. The silence is deafening. The cynic in me says they may issue a statement late today and hope the story is lost over the weekend. Or, they're in denial and they'll remain silent. Whatever the case, I'll keep emailing and I'll keep calling and I'll keep leaving messages for the board."

[Balance]

I believe the media wont stop till they get a statement from Simon or DGL..

Rachel Smalley: Simon Henry's silence is starting to cost him
https://www.todayfm.co.nz/home/opinion/2022/05/rachel-smalley-simon-henrys-silence-is-starting-to-cost-him.html

"Of course, the elephant in the room right is the board of DGL group. The silence is deafening. The cynic in me says they may issue a statement late today and hope the story is lost over the weekend. Or, they're in denial and they'll remain silent. Whatever the case, I'll keep emailing and I'll keep calling and I'll keep leaving messages for the board."

And the silence from Percy, THEONE, BDL & Raz is deafening.

Maybe they are finally getting the picture*?

* Not of the cleavage obviously.

[winner69]

Most if not all of DGL seem to be Aussie based

I’ll give them the benefit of the doubt and say no comment from them because they are blissfully unaware of their CEO’s actions

[Balance]

Most if not all of DGL seem to be Aussie based

I’ll give them the benefit of the doubt and say no comment from them because they are blissfully unaware of their CEO’s actions

Milford has now entered the fray and as a DGC shareholder, Milford could very well be providing the likes of Percy a great opportunity to top up soon at an even better price than today!

Ouch!

Ouch! Ouch!

[bull....]

even the aussies selling now

[THEONE]

Balance what do you think of the Chinese Communist Party treatment of uyghurs in concentration camps?
As from your posts you obviously love the CCP and hate America and Western countries.
Dont you think is a bit rich calling Simon racist ?

I think there are more important things to worry about than being called EuroAsian..

[newbieinvestor]

Milford has now entered the fray and as a DGC shareholder, Milford could very well be providing the likes of Percy a great opportunity to top up soon at an even better price than today!

Ouch!

Ouch! Ouch!

I have been at the receiving end of fund selling action in DGL... Think it was Milford late last year...Given the volumes on NZX are thin compared to ASX you can end up with quite a bit on your hands...It was pretty swift action...
but given people are planning to hold for the long term it could very well provide a great opportunity to invest for the long term..

Disclosure: I don't currently hold DGL, I used to once upon a time, might buy if at the right price!

[Ronnie]

Head of sustainable investments for Milford, Frances Sweetman, told The Spinoff live updates that to comment on selling their stock in DGL would constitute “market manipulation”. However, she denied a claim made by The Spinoff (https://thespinoff.co.nz/business/06-05-2022/the-eurasian-fluff-ceo-has-already-lost-60m-heres-how-he-might-lose-far-more) that the company was publicly standing by its DGL shareholding. “We condemn all discriminatory and offensive comments,” Sweetman said.
Instead of putting DGL on an investment exemption list, Sweetman said Milford would directly engage with DGL to try and tackle the issue. “This is not easy, but we genuinely believe this is the best way to effect change. We are going to engage with the CEO and board of DGL Group in relation to these comments.”


Source: https://thespinoff.co.nz/live-updates/06-05-2022/dgl-shareholder-milford-to-directly-engage-with-ceo-simon-henry

[huxley]

Balance what do you think of the Chinese Communist Party treatment of uyghurs in concentration camps?
As from your posts you obviously love the CCP and hate America and Western countries.
Dont you think is a bit rich calling Simon racist ?

I think there are more important things to worry about than being called EuroAsian..

Definition: red herring

A red herring is an argument that uses confusion or distraction to shift attention away from a topic and toward a false conclusion. Red herrings usually contain an unimportant fact, idea, or event that has little relevance to the real issue.

[Balance]

Balance what do you think of the Chinese Communist Party treatment of uyghurs in concentration camps?
As from your posts you obviously love the CCP and hate America and Western countries.
Dont you think is a bit rich calling Simon racist ?

I think there are more important things to worry about than being called EuroAsian..

Should have listened and taken note yesterday, THEONE.

Down down now on ASX and buyers are running for the hills.

[THEONE]

Basically you dont reply, as you dont want to show your true colours.

[Balance]

Basically you dont reply, as you dont want to show your true colours.

Nothing to reply to.

You sound like one sore loser - backing Simon Wimp and now, finding that he obviously has a psychological problem with females and cleavages.

[THEONE]

You are obsessed with him and so unbalanced. Has anyone actually meet Balance Is he so lovely in person?
Or just a brave wolf warrior.

[bull....]

lol balance is very one sided in any view

[winner69]

so 329 on ASX is about 364 in nz at current exchange rate

NZX is 385

Something wrong ....with those panic stricken aussies

[NOCASH]

This will come and go, in months time, everyone will forgot about this. This has been put out of context.

[Raz]

This will come and go, in months time, everyone will forgot about this. This has been put out of context.

Yes however a good trading opportunity ..have to look for the silver lining:) This always had legs since Wednesday with the first murmerings of women and interns..

[Balance]

You are obsessed with him and so unbalanced. Has anyone actually meet Balance Is he so lovely in person?
Or just a brave wolf warrior.

Read my postings on Pike River, ATM and PX1 for starters and yes, you can call me obsessed and unbalanced if you like. But I put my view across forcefully and most of the times, I believe ST posters will agree I am worth paying attention to.

Simon Whimp is a detestable individual imo - he has behaved in a most uncouth and derogatory manner towards another person to boost his own position and ego. That warrants attention and criticism from anyone who believes he exhibits psychological trauma. The fact that he went after a 21 year old per NBR article confirms that fact now.

[Balance]

Yes however a good trading opportunity ..have to look for the silver lining:) This always had legs since Wednesday with the first murmerings of women and interns..

Not according to Percy, BDL and THEONE - the story had no legs in their comments but the sp sure grew legs and is running downhill today?

[Raz]

And the silence from Percy, THEONE, BDL & Raz is deafening.

Maybe they are finally getting the picture*?

* Not of the cleavage obviously.

Be real Balance, you are desperate for attention and feed your ego. You edited this from Percy to as many people you could think of:) We know what you are:)

You do not need respond and that okay, somethings there is nothing to add, it goes both ways...its all okay:)

[alokdhir]

https://www.newshub.co.nz/home/politics/2022/05/jacinda-ardern-calls-rich-lister-simon-henry-s-nadia-lim-comments-insulting-to-all-women.html

Our PM joins in ...IMO companies and their SP should be decided by their working and EPS and not by personal comments of CEO ...What he said is in very poor taste and shows him in very bad light ...tells a lot about his personal side personality ...DGC is not him ...Punishing shareholders for his politically / ethically incorrect utterances and show of superiority complex is not in good spirits too . Let SP be decided by companies prospects not by CEO's depravity or what ever it is ...

[THEONE]

Read about some guy who raped 5 women, got home detention. Other major fraud and violence home detention.
No one really says anything. This is terrible. People get away with everything

Where was simplicity, kiwiwealth, etc with the Qex logistics saga. They should protest about that.

but if a white male says anything slightly offensive based on race or sexism. People want to destroy him...

[Balance]

Read about some guy who raped 5 women, got home detention. Other major fraud and violence home detention.
No one really says anything. This is terrible. People get away with everything

Where was simplicity, kiwiwealth, etc with the Qex logistics saga. They should protest about that.

but if a white male says anything slightly offensive based on race or sexism. People want to destroy him...

He is destroying himself.

He needs to regain his voice and be as articulate in defending himself as he was in making the derogatory & uncouth comments about another public person.

[huxley]

Read about some guy who raped 5 women, got home detention. Other major fraud and violence home detention.
No one really says anything. This is terrible. People get away with everything

Where was simplicity, kiwiwealth, etc with the Qex logistics saga. They should protest about that.

but if a white male says anything slightly offensive based on race or sexism. People want to destroy him...

And the award for the most cognitively challenged post of the day goes to…

[THEONE]

I think Jacinda Arden would think Balance posts about her are also sexist and misogynistic.
Or as Balance likes to call her Cindy

[RupertBear]

This will come and go, in months time, everyone will forgot about this. This has been put out of context.

Be interested to know what part of his racist misogynistic comment has been put out of context?

[bull....]

wonder if we would have got the same carry on if it was a picture of theresa with her top button un done ?

[zigzag]

Perish the thought!
wonder if we would have got the same carry on if it was a picture of theresa with her top button un done ?

[Ronnie]

Yes however a good trading opportunity ..have to look for the silver lining:)..

Can you please elaborate on how this would work?

[nztx]

https://www.newshub.co.nz/home/politics/2022/05/jacinda-ardern-calls-rich-lister-simon-henry-s-nadia-lim-comments-insulting-to-all-women.html

Our PM joins in ...IMO companies and their SP should be decided by their working and EPS and not by personal comments of CEO ...What he said is in very poor taste and shows him in very bad light ...tells a lot about his personal side personality ...DGC is not him ...Punishing shareholders for his politically / ethically incorrect utterances and show of superiority complex is not in good spirits too . Let SP be decided by companies prospects not by CEO's depravity or what ever it is ...

And How's her team going on performance & popularity stakes ? ;)

Is the House CEO back in the House mysteriously as if no banishments even occurred ? ;)

More failures, no shows etc than the rare plusses / job well executed ? ;)

but who knows .. both might in due course be seen to suffer the same fate/demise ? ;)

In both cases .. who needs enemies .. when ? :)

[Balance]

I think Jacinda Arden would think Balance posts about her are also sexist and misogynistic.
Or as Balance likes to call her Cindy


https://www.newstalkzb.co.nz/on-air/early-edition/opinion/kate-hawkesby-poto-williams-is-acting-immaturely-and-naively/

This is what Labour is trying to do to shut down scrutiny & criticism of its incompetence and failure to deliver on any of the huge promises made to win the election:

"This Government has an image problem and that may be partially reflected in their poll result.

It's the bury the head in the sand approach - 'I reject the premise of the question', nothing to see here.

But worse than that now I think, is this push back we're seeing where the Government is gas lighting its critics.

If you dare to question co-governance, you are racist.

If you criticise a female minister you are sexist.

And now, Poto Williams has taken it next level - she's claiming that saying the Government is 'soft on crime' is a gendered issue and an attack on her, because she's female. Are you serious?

That one is a such a stretch it's hard to believe she even said it out loud, but then she did also call the Police's handling of the Parliamentary protest "fabulous".

That was her word - "fabulous".

I can think of a lot of other words to describe how Police handled the Parliamentary protest but 'fabulous' isn’t one of them.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~

Notice that we have similar behavior here from certain posters - whatever Ardern and Labour do must not be criticized or scrutinized because to do so, one must be sexist or racist?

Well, come & kiss my arse!

[Balance]

Be interested to know what part of his racist misogynistic comment has been put out of context?

Well, Simon has an opportunity to explain :

https://www.nzherald.co.nz/business/nadia-lim-eurasian-fluff-comments-major-fund-manager-sends-please-explain-letter-to-dgl-ceo-and-board/GPA3WKTJS6TXAUO4ANVVFUV6QE/

Let's see if Milford gets anywhere with the suddenly very silent & very quiet Simon & the BoD.

Meanwhile, Street Talk of AFR has covered the story so more Aussie funds will be taking note.

[Balance]

wonder if we would have got the same carry on if it was a picture of theresa with her top button un done ?

You wish! Can see you have the hots for her! :p

[Muse]

nbr ***BREAKING NEWS***

The Board is upset

AND

and Simon has apologised.

Back to your regularly scheduled Friday evening.

[winner69]

nbr ***BREAKING NEWS***

The Board is upset

AND

and Simon has apologised.

Back to your regularly scheduled Friday evening.

And Nadia not got it yet.....and not happy with response

https://i.stuff.co.nz/business/industries/128573566/ceos-board-scolds-him-for-unacceptable-and-offensive-nadia-lim-comments

[newbieinvestor]

And Nadia not got it yet.....and not happy with response

https://i.stuff.co.nz/business/industries/128573566/ceos-board-scolds-him-for-unacceptable-and-offensive-nadia-lim-comments

Well hopefully people who bought on 'the dip' have reasons to cheer! :) (remains to be seen...)

[winner69]

Good ole Simon ….even made the Board come out later to ‘clarify’ things ..might have told porkies to them

Hadn’t actually apologised ….couldn’t get hold of Nadia ….so they got him to courier the apology

OMG what a shambles …hopeless response from Board

But then unless Simon sacks himself he stays

Mud sticks they say

[Balance]

Good ole Simon ….even made the Board come out later to ‘clarify’ things

Hadn’t actually apologised ….couldn’t get hold of Nadia ….so they got him to courier the apology

OMG what a shambles …hopeless response from Board

But then unless Simon sacks himself he stays

Mud sticks they say

Reminds me of Eric Watson and how he operated.

[Raz]

Good ole Simon ….even made the Board come out later to ‘clarify’ things

Hadn’t actually apologised ….couldn’t get hold of Nadia ….so they got him to courier the apology

OMG what a shambles …hopeless response from Board

But then unless Simon sacks himself he stays

Mud sticks they say


Four long days tells me a lot concerning the Board. Given that time, I thought the Friday night PR process would be handled better. Sold down and taken what has been a great return todate. Still smallish parcel.. will buy in after the news cycle settles. Company going well yet like so many NZ business. .. governance one to watch...especially in a crisis.. something that can expect to happen from a operating/ chemical perspective at some point.

[winner69]

Reminds me of Eric Watson and how he operated.

Didn’t Eric end up in jail ….maybe Simon’s fate one day

[Raz]

Didn’t Eric end up in jail ….maybe Simon’s fate one day

Seriously Eric was on another level.. having crossed paths at different times with both.. very different...can't draw that conclusion.

[newbieinvestor]

Four long days tells me a lot concerning the Board. Given that time, I thought the Friday night PR process would be handled better. Sold down and taken what has been a great return todate. Still smallish parcel.. will buy in after the news cycle settles. Company going well yet like so many NZ business. .. governance one to watch...especially in a crisis.. something that can expect to happen from a operating/ chemical perspective at some point.

Milford Asset Management had sent a please explain letter to DGL board and CEO so the DGL board had to do something... :D

Wisely spoken...wait, watch and see for a bit...

[Balance]

The statement from the Board did not have a name to it (usually Chairperson) or contact details (usually PR person or firm).

Says a lot about how DGL operates as a company.

Imagine what is likely to happen if say, one of the dangerous chemicals they deal with spills into the harbour?

[Raz]

The statement from the Board did not have a name to it (usually Chairperson) or contact details (usually PR person or firm).

Says a lot about how DGL operates as a company.

Imagine what is likely to happen if say, one of the dangerous chemicals they deal with spills into the harbour?


It's actually not uncommon when you want to shut it down.

There are defined processes with tight regulatory audits from an operating perspective which is detailed, if you care to look.

We can imagine all day long....for what purpose one would ask.

[Ronnie]

The statement from the Board did not have a name to it (usually Chairperson) or contact details (usually PR person or firm).

Says a lot about how DGL operates as a company.

Imagine what is likely to happen if say, one of the dangerous chemicals they deal with spills into the harbour?

I really don't think that is comparing apples with apples.

Shooting off at the mouth isn't the same as a dangerous chemical spill.

[Balance]

I really don't think that is comparing apples with apples.

Shooting off at the mouth isn't the same as a dangerous chemical spill.

BoD behaving like possums caught in the middle of the road ….

[Balance]

It's actually not uncommon when you want to shut it down.

There are defined processes with tight regulatory audits from an operating perspective which is detailed, if you care to look.

We can imagine all day long....for what purpose one would ask.

There are red flags which appear from time to time with public listed companies. That’s the purpose.

Percy, BDL, THEONE, NOCASH and you were busy defending his indefensible comments & behaviour until yesterday. What changed?

[Raz]

There are red flags which appear from time to time with public listed companies. That’s the purpose.

Percy, BDL, THEONE, NOCASH and you were busy defending his indefensible comments & behaviour until yesterday. What changed?

Interesting, just shows you clearly don't read what i write or try to comprehend. You appear only interested in your agenda and don't respond to posters, perhaps with something you cannot counter or do not like.

You pattern has not changed since I was last on here...shame, will pick the eyes out of your comments ..some which have good insights.. it's a shame you appear to have no ability to learn from others or listen.. still that is you loss.

[Lola]

Milford Asset Management had sent a please explain letter to DGL board and CEO so the DGL board had to do something... :D

Wisely spoken...wait, watch and see for a bit...

And here comes Milford riding in again to be some sort of self serving peace maker. Why bother with such a small holding? My guess is they are doing this to try and save some of their burnt bacon that is in Their Food Bag.

[Raz]

And here comes Milford riding in again to be some sort of self serving peace maker. Why bother with such a small holding? My guess is they are doing this to try and save some of their burnt bacon that is in Their Food Bag.


Yes, when you look at the Board and shareholding, its as good as aussie company.... potential further falls there may have prompted them them to act by end of the week.

It really amazing the media focused on his inappropriate comments only while the article as a whole and subject of MFB IPO attracted many comments from readers....

[Balance]

Interesting, just shows you clearly don't read what i write or try to comprehend. You appear only interested in your agenda and don't respond to posters, perhaps with something you cannot counter or do not like.

You pattern has not changed since I was last on here...shame, will pick the eyes out of your comments ..some which have good insights.. it's a shame you appear to have no ability to learn from others or listen.. still that is you loss.

I respond when something is worth and needs responding to.

I listen, observe and learn when there is something worthwhile learning from.

Nothing to learn here from Percy, you, BDL, THEONE & NOCASH.

[Balance]

An ex-DGL Australian shareholder perspective - well worth reading for the risks involved in a share like DGL :

https://arichlife.com.au/why-i-am-selling-my-remaing-dgl-group-asx-dgl-shares/

"DGL Group has made very many acquisitions, and acquisitions bring risk. They also require that management exercise good judgement in choosing acquisitions, as well as good judgement in how they report the underlying earnings excluding acquisition costs. Therefore, my opinion of Simon Henry’s judgement is definitely relevant to my investment in his company.

On top of that, DGL Group is in the business of managing hazardous chemicals. Like waste management generally, and also mining rehabilitation, this is a very risky industry, and has a lot of regulatory risk involved."

[Raz]

I really don't think that is comparing apples with apples.

Shooting off at the mouth isn't the same as a dangerous chemical spill.

Well said, needs to be highlighted…some here look at any angle to cancel😅

[Balance]

Well said, needs to be highlighted…some here look at any angle to cancel��

Cancel?

You still and just don't get it, do you?

https://www.stuff.co.nz/business/128574705/dgl-boss-issues-written-apology-to-staff-over-disparaging-remarks-about-nadia-lim

[Balance]

An excellent summation on what the real issues are with Simon Whimp’s comments:

https://www.stuff.co.nz/opinion/300582485/are-simon-henrys-views-the-roar-of-an-old-dinosaur-or-should-we-be-worried

“Thankfully the near universal chorus of condemnation from the business community, men and women alike, suggests that if those are the circles Henry moves in, they are mercifully small.”

Add Percy, BDL, NOCASH, THEONE & Raz to that small circle.

[winner69]

Good family man. Even got son Max to come along to experience the success of a IPO

Wonder what his wife thinks of the latest carry on .... assuming he's married

Nice photo

[Nor]

Need an ignore button on this website.

[RupertBear]

Need an ignore button on this website.

If you mean for this thread? Its easy don't click on it :D

[Nor]

No I mean what I said.

[RupertBear]

Understand now I think

[RupertBear]

No I mean what I said.

Think I get your drift, silly Bear was a bit slow :)

[Nor]

Oops.
Maybe dgc could do with a consumer products division? And who would be better to head it up than NL? Great way of burying the hatchet. Win win.

[Balance]

Nadia Lim in perspective vs Simon Whimp

https://vt.tiktok.com/ZSdmUQUPV/

[iceman]

Need an ignore button on this website.

It has an option for “ignore list” if you want to not see posts from certain posters. I have never used it so can’t tell you much about it, but it’s there

[Nor]

It has an option for “ignore list” if you want to not see posts from certain posters. I have never used it so can’t tell you much about it, but it’s there

Thank you. I found it on the full desktop site it doesn't show up on the mobile. As far as I can see.

[Beagle]

What a complete and still unmitigated fiasco - still no apology received. https://www.nzherald.co.nz/business/nadia-lim-eurasian-fluff-controversy-she-still-hasnt-received-apology-over-simon-henrys-comments/7KCVAMCA6DFVEKGJUPCFIU4RCU/

Will someone in the board please step up and show leadership because its obviously too hard for the CEO to apologise in a timely way. Totally pathetic ! I wouldn't trust that guy to run a chook raffle !

[Rawz]

SP still taking a pounding. So unnecessary as well. Didnt have to happen

[Perky]

Bit ironic that a company that specialises in delivery and distribution can’t seem to deliver a courier package or an email.

[Ricky-bobby]

Maybe a tactic to drop sp, so he can buy more?!.. I very surprised nothing has come out from him. I like his drive, but this is starting to become worrying.

[clearasmud]

What a complete and still unmitigated fiasco - still no apology received. https://www.nzherald.co.nz/business/nadia-lim-eurasian-fluff-controversy-she-still-hasnt-received-apology-over-simon-henrys-comments/7KCVAMCA6DFVEKGJUPCFIU4RCU/

Will someone in the board please step up and show leadership because its obviously too hard for the CEO to apologise in a timely way. Totally pathetic ! I wouldn't trust that guy to run a chook raffle !
He has apologized and he knows how to run a business doesn't he.
His comments have raised the historical racism that did exist between English Nzders and Chinese in NZ, especially in the gold rush days.
Nasty, and thankfully in the past.
Not really his fault,he was just trying to make a point but in an arrogant way unfortunately.

[Raz]

He has apologized and he knows how to run a business doesn't he.
His comments have raised the historical racism that did exist between English Nzders and Chinese in NZ, especially in the gold rush days.
Nasty, and thankfully in the past.
Not really his fault, he was just trying to make a point but in an arrogant way unfortunately.

Some like to get carried away around here, he has run business for decades...this kind of arrogant talk is unfortunately very common with business leaders privately, even today.. what is unusual is a CEO say it to media or in public.

I have heard in the past year a lot worse, one was a senior female business leader, a couple of senior people in the public sector and across a leadership team of a large Maori NFP.

I use to wonder what they were thinking however when you realise the nature of people that drive to be in leadership positions and understand psychology it is more clear...the number of high functioning personality disorder people is leadership is high i.e Psychopathy which is most people.. just more at the extreme in leadership..

[bull....]

shares down again in aus

[bull....]

getting thumped in aus now

should be trading in nz closer to 3

[Balance]

What a complete and still unmitigated fiasco - still no apology received. https://www.nzherald.co.nz/business/nadia-lim-eurasian-fluff-controversy-she-still-hasnt-received-apology-over-simon-henrys-comments/7KCVAMCA6DFVEKGJUPCFIU4RCU/

Will someone in the board please step up and show leadership because its obviously too hard for the CEO to apologise in a timely way. Totally pathetic ! I wouldn't trust that guy to run a chook raffle !

Becoming clearer by the hour that Simon Whimp cannot bring himself to apologise properly and it looks like the Board is the one ‘inventing’ the apology to try and close the disgraceful & disastrous sexist & racist furore down.

The longer this drags on, the more long term damage is being done to the company & its share price.

Could not happen to a more deserving individual and the company.

https://www.goodreturns.co.nz/article/976520259/opinion-top-ri-adviser-speaks-out-on-nadia-lim-furore.html

[bull....]

percy will rescue the share price soon

[Balance]

percy will rescue the share price soon

Word is that he and a few others have sold out?

[winner69]

Market cap now A$800m

Probably never really was worth A$1.25 billion a month ago so mot too bad

[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.?

Shows just how well Percy read the market last week when the news broke on Simon Whimp?

[NOCASH]

Great time to BUY.

[Balance]

Great time to BUY.

That’s what Percy and you thought last week.

[Balance]

Shareholders better hope that there are no other revelations to come out on Simon Whimp.

Another one like him chasing and harassing the 21 year old could see the sp tanking another $1.00+?

Ouch!

Ouch!

[newbieinvestor]

Market cap now A$800m

Probably never really was worth A$1.25 billion a month ago so mot too bad


Went to a Kiwisaver fund meet today(Simplicity) and one of the first questions a woman asked Simon Stubbs was about DGL Simon Henrys' comments and investing in such companies.... (Eventhough Simplicity doesn't hold DGL...)



The DGL SP looks like its in the grip of fund selling...

[winner69]

Went to a Kiwisaver fund meet today(Simplicity) and one of the first questions a woman asked Simon Stubbs was about DGL Simon Henrys' comments and investing in such companies.... (Eventhough Simplicity doesn't hold DGL...)



The DGL SP looks like its in the grip of fund selling...


…….what did Stubbs say

[bull....]

Shareholders better hope that there are no other revelations to come out on Simon Whimp.

Another one like him chasing and harassing the 21 year old could see the sp tanking another $1.00+?

Ouch!

Ouch!

was she eurasian fluff ?

[newbieinvestor]

…….what did Stubbs say

Stubbs was to the point and pretty much said what he said in the media ...that they had excluded DGL from investment after CEO's derogatory comments...

[Rawz]

this is a nightmare for the company and shareholders.

[newbieinvestor]

this is a nightmare for the company and shareholders.

Exactly! They seem to think by not coming clean, it will die down .. but now the story seems to have taken a life of its own .... what a PR disaster...

[Beagle]

Some like to get carried away around here, he has run business for decades...this kind of arrogant talk is unfortunately very common with business leaders privately, even today.. what is unusual is a CEO say it to media or in public.

I have heard in the past year a lot worse, one was a senior female business leader, a couple of senior people in the public sector and across a leadership team of a large Maori NFP.

I use to wonder what they were thinking however when you realise the nature of people that drive to be in leadership positions and understand psychology it is more clear...the number of high functioning personality disorder people is leadership is high i.e Psychopathy which is most people.. just more at the extreme in leadership..

You've been around in business long enough to know its all about perception. We've all heard worse in the locker rooms of sports clubs / at the pub over a few beers but to say that in public and then not move quickly to clean up his word vomit means nobody's impressed least of all ESG focused institutions. Thinly traded stock so when they're selling its no surprise the share price is being whacked. You'd be a brave man to catch a whole bunch of these falling knives.

[Balance]

You've been around in business long enough to know its all about perception. We've all heard worse in the locker rooms of sports clubs / at the pub over a few beers but to say that in public and then not move quickly to clean up his word vomit means nobody's impressed least of all ESG focused institutions. Thinly traded stock so when they're selling its no surprise the share price is being whacked.

Could have limited the damage if Simon Whimp had taken proper advice and head off the furore :

https://www.nzherald.co.nz/business/deborah-pead-pr-101-lessons-from-simon-henrys-fluff-comments-about-nadia-lim/4O5TBN6ROLDWC7IPOKRX7LQBUM/

Instead, he stubbornly refused to front up and shareholders are paying the price.

Still not too late for PGL & Simon to do the right thing and apologize PROPERLY.

Excerpt :

"He's not the first and he won't be the last to trade fame for shame. It's a good earner for us in the reputation business. But while the furore is raging, it's convenient to remember there are PR 101s to avoid and recover from foot-in-mouth moments."

1. When you stuff up, whether it's a thoughtless slip-up or your massive train smash, you get up, dress up and front up. You do the decent thing and say you are sorry.

2. You do not hide in a hole, or behind staff who are forced to make excuses for your silence.

3. Don't hurl insults at one of New Zealand's most popular and well-known personalities, a woman who needs only one name.

5. If you are going to be the front for your company, acquaint yourself with your group's code of conduct, which ironically in DGL's case states: "In order to have an inclusive workplace, discrimination, harassment, vilification and victimisation cannot and will not be tolerated."

6. Incidentally, it may pay to consider who your shareholders are. As novel as it may seem, women have their own income, and many of us control the purse strings as well as the apron strings.

[winner69]

FY Guidance EBITDA $66m

What's that in NPAT terms

[Beagle]

Down 55 cents now, 14%. Shareholders being hung out to dry.

[bull....]

bit of support at 2.85 ?

[Balance]

Down 55 cents now, 14%. Shareholders being hung out to dry.

And still no proper apology from Mr Wimp.

[Raz]

Down 55 cents now, 14%. Shareholders being hung out to dry.

Yes, not flash..i,e I getall the angles, don't worry about that.. I sold a substantial holding last Wednesday and kept a small shareholding to see how he communicated with shareholders on this as it evolved..at the minute not a word....

PR is a disaster ..I know this business....I believe it is a good one.. we will see how the dust settles.. even if it ends up being acquired ..a buck yet to made.. just a matter when.

[Raz]

Could have limited the damage if Simon Whimp had taken proper advice and head off the furore :

https://www.nzherald.co.nz/business/deborah-pead-pr-101-lessons-from-simon-henrys-fluff-comments-about-nadia-lim/4O5TBN6ROLDWC7IPOKRX7LQBUM/

Instead, he stubbornly refused to front up and shareholders are paying the price.

Still not too late for PGL & Simon to do the right thing and apologize PROPERLY.

Excerpt :

"He's not the first and he won't be the last to trade fame for shame. It's a good earner for us in the reputation business. But while the furore is raging, it's convenient to remember there are PR 101s to avoid and recover from foot-in-mouth moments."

1. When you stuff up, whether it's a thoughtless slip-up or your massive train smash, you get up, dress up and front up. You do the decent thing and say you are sorry.

2. You do not hide in a hole, or behind staff who are forced to make excuses for your silence.

3. Don't hurl insults at one of New Zealand's most popular and well-known personalities, a woman who needs only one name.

5. If you are going to be the front for your company, acquaint yourself with your group's code of conduct, which ironically in DGL's case states: "In order to have an inclusive workplace, discrimination, harassment, vilification and victimisation cannot and will not be tolerated."

6. Incidentally, it may pay to consider who your shareholders are. As novel as it may seem, women have their own income, and many of us control the purse strings as well as the apron strings.

MFB PR or reverse PR depending on your POV.

[Beagle]

Yes, not flash..i,e I getall the angles, don't worry about that.. I sold a substantial holding last Wednesday and kept a small shareholding to see how he communicated with shareholders on this as it evolved..at the minute not a word....

PR is a disaster ..I know this business....I believe it is a good one.. we will see how the dust settles.. even if it ends up being acquired ..a buck yet to made.. just a matter when.

Market is awash with cheap shares in other companies...some of them with excellent CEO's. Good luck !

Who needs an arrogant idiot as a CEO :eek2: If he can't handle a PR mistake like this quickly and in a professional way, he should go.

[Lola]

Market is awash with cheap shares in other companies...some of them with excellent CEO's. Good luck !

Who needs an arrogant idiot as a CEO :eek2: If he can't handle a PR mistake like this quickly and in a professional way, he should go.

He wont go. More likely the stock will really tank (especially stock relating to some of the businesses that have been folded in, come off escrows ) , and a management buy out becomes an option. Its been done before time and again, when plans don't quite work out the way they were supposed to.

[GOAT]

If recent history tells us anything, apologies don't work in the age of cancel culture so there's probably no point. In the last few years, society has established that forgiveness isn't an option.

My guess is that he will probably just wait it out, people will find something new to be outraged about in the news cycle.

[Balance]

Down over 15% on big volume - actually more as closed on ASX at $3.20 vs NZX close of $3.28.

And still no apologies from Simon Whimp.

https://www.stuff.co.nz/business/128587333/dgl-shares-slump-15-as-investors-shun-the-stock-after-offensive-comments-about-nadia-lim

“The vast majority of investors that are selling will have made money on this,” Smith noted. “I suppose it makes it a bit of an easier pill to swallow.”

He described the share price reaction in recent days as “pretty severe” and said it was “a fairly unprecedented situation.”

“There’s obviously a lot more sellers than buyers,” Smith said. “If you’re buying stock at the moment, you are standing in the way of a freight train.”

[Raz]

If recent history tells us anything, apologies don't work in the age of cancel culture so there's probably no point. In the last few years, society has established that forgiveness isn't an option.

My guess is that he will probably just wait it out, people will find something new to be outraged about in the news cycle.

That may well be the case. However given the nature of cancel culture and their business model as an aggregator. They will potentially have a problem coming back to the market for capital to pursue growth in the near future. Next funding round was only a matter of time..

[newbieinvestor]

That may well be the case. However given the nature of cancel culture and their business model as an aggregator. They will potentially have a problem coming back to the market for capital to pursue growth in the near future. Next funding round was only a matter of time..


Thats true...given they make acquisitions using a mix of cash and equity ..their equity might not be percieved as attractive as it used to be...

Also the stock could tank if the large quantities of shares released from Escrow to acquired entities are sold in the open market...

[fastbike]

If recent history tells us anything, apologies don't work in the age of cancel culture so there's probably no point. In the last few years, society has established that forgiveness isn't an option.

My guess is that he will probably just wait it out, people will find something new to be outraged about in the news cycle.
Boorish behaviour <> cancel culture. I was brought up with decent values.

[winner69]

Marquee DGL customer raises concern about Simon Henry’s conduct
https://www.nbr.co.nz/story/marquee-dgl-customer-raises-serious-concerns-about-simon-henry-s-conduct

Even if not passed off enough to go elsewhere they’ll get better trading terms …good move

[Balance]

Marquee DGL customer raises concern about Simon Henry’s conduct
https://www.nbr.co.nz/story/marquee-dgl-customer-raises-serious-concerns-about-simon-henry-s-conduct

Even if not passed off enough to go elsewhere they’ll get better trading terms …good move

NZH carries similar article : "International water treatment and chemical distribution company Ixom said it was "communicating its serious concern" about the conduct of DGL Group chief executive Simon Henry to the DGL board. It was aware of the comments made about Lim and shared the view of the DGL board that they were inappropriate, unacceptable and offensive, Ixom said in a statement in response to questioning by the Herald.

"Ixom is communicating its serious concern about Mr Henry's conduct to the DGL board and is seeking further information from the Board about DGL and Mr Henry's response."

And in probably a first, CEO of a major stockbroking firm criticizes Simon Whimp & DGL - on the record.

https://www.nzherald.co.nz/business/james-lee-there-is-no-place-for-simon-henrys-nadia-lim-comments/YJVRYYA5HJRRAWNDLXYUDKAE4A/

Excerpt : "Normally I would say ignore the idiots, but the inappropriate and unacceptable nature of comments made by Simon Henry, the CEO of NZX and ASX-listed company DGL Group, alongside his request to be quoted on them, highlights why company culture matters and how it impacts the value of a business.

I have had a strong personal reaction to these comments; there is no place for this behaviour. The remarks belittle the achievements of Nadia Lim, which is completely unfair. It is also disrespectful to her, and to all women."

"Culture is one of the most important lead indicators to future value of some businesses - a terrible business with a great culture might still be a terrible investment, but I am certain a good business with a terrible culture will be a terrible investment in the long term. Public response to the comments from the CEO of DGL has been strong and rightly so. It also reiterates the importance of leadership and culture."

"If we allow an echo chamber for these kinds of comments and walk past them without calling them out, nothing will change. We can, and must, do better than this."

• James Lee is chief executive officer at Jarden. Jarden* was the arranger and joint lead manager in the IPO of My Food Bag*.

[Aaron]

Wasn't he just pointing out the difference between his IPO and the MFB IPO. The way he said it and belittling Nadia Lim was an ahole thing to do and from the other stuff dragged up he doesn't seem to be a nice guy, but hey sticks and stones.

I would suggest what Nadia Lim and her friends did with the MFB IPO was way worse if you invested in it, just looking at the current share price. They cashed out and overhyped the business to do it. Many posters on here said not to touch it with a bargepole as they knew what was being done. i.e. don't be fooled by the cleavage.

When did we turn into a nation of cry babies hurt at every little thing some ahole says. What a massive overreaction. specially when compared to what the promoters of MFB did they have inflicted real financial hurt on people.

[winner69]

That insight from Jarden’s CEO Lee is so true and possibly why investors are selling

”Culture is one of the most important lead indicators to future value of some businesses - a terrible business with a great culture might still be a terrible investment, but I am certain a good business with a terrible culture will be a terrible investment”

[Bill Smith]

NZH carries similar article : "International water treatment and chemical distribution company Ixom said it was "communicating its serious concern" about the conduct of DGL Group chief executive Simon Henry to the DGL board. It was aware of the comments made about Lim and shared the view of the DGL board that they were inappropriate, unacceptable and offensive, Ixom said in a statement in response to questioning by the Herald.

"Ixom is communicating its serious concern about Mr Henry's conduct to the DGL board and is seeking further information from the Board about DGL and Mr Henry's response."

And in probably a first, CEO of a major stockbroking firm criticizes Simon Whimp & DGL - on the record.

https://www.nzherald.co.nz/business/james-lee-there-is-no-place-for-simon-henrys-nadia-lim-comments/YJVRYYA5HJRRAWNDLXYUDKAE4A/

Excerpt : "Normally I would say ignore the idiots, but the inappropriate and unacceptable nature of comments made by Simon Henry, the CEO of NZX and ASX-listed company DGL Group, alongside his request to be quoted on them, highlights why company culture matters and how it impacts the value of a business.

I have had a strong personal reaction to these comments; there is no place for this behaviour. The remarks belittle the achievements of Nadia Lim, which is completely unfair. It is also disrespectful to her, and to all women."

"Culture is one of the most important lead indicators to future value of some businesses - a terrible business with a great culture might still be a terrible investment, but I am certain a good business with a terrible culture will be a terrible investment in the long term. Public response to the comments from the CEO of DGL has been strong and rightly so. It also reiterates the importance of leadership and culture."

"If we allow an echo chamber for these kinds of comments and walk past them without calling them out, nothing will change. We can, and must, do better than this."

• James Lee is chief executive officer at Jarden. Jarden* was the arranger and joint lead manager in the IPO of My Food Bag*.

Maybe Jardens wish to deflect from the part they played in the MFB IPO. Seems similar to the Feltex IPO. History repeats?

[Rawz]

The culture part that James Lee is talking about above in Balance's post is something I hadn't thought about, but is very important. Everyone probably has worked at a company or in a team with crap culture. It's never good and always a relief once you exit the hell hole.

Is DGL a toxic workplace? (lol). It always comes from the top and trickles down and its never good for profits in the end.

Initially i shared your thoughts Aaron (post above), But now im thinking more and more this is a major issue for DGL shareholders. SP will be down heaps more today i would say

[Balance]

Wasn't he just pointing out the difference between his IPO and the MFB IPO. The way he said it and belittling Nadia Lim was an ahole thing to do and from the other stuff dragged up he doesn't seem to be a nice guy, but hey sticks and stones.

I would suggest what Nadia Lim and her friends did with the MFB IPO was way worse if you invested in it, just looking at the current share price. They cashed out and overhyped the business to do it. Many posters on here said not to touch it with a bargepole as they knew what was being done. i.e. don't be fooled by the cleavage.

When did we turn into a nation of cry babies hurt at every little thing some ahole says. What a massive overreaction. specially when compared to what the promoters of MFB did they have inflicted real financial hurt on people.

You want to write about financial pain?

What about

CBL,

Intueri,

Wynyard,

MPG,

Orion,

Evolve,

Pike River,

Plus SMS,

Feltex,

Geo,

NZK,

PX1,

Snakk

and

BFG?

Don’t be fooled by the big swinging dicks?

Aaron - another of the real crybabies who must have been very very deprived of something as a boy if you think like Simon Whimp that cleavage was what sold MFB.

[Raz]

Wasn't he just pointing out the difference between his IPO and the MFB IPO. The way he said it and belittling Nadia Lim was an ahole thing to do and from the other stuff dragged up he doesn't seem to be a nice guy, but hey sticks and stones.

I would suggest what Nadia Lim and her friends did with the MFB IPO was way worse if you invested in it, just looking at the current share price. They cashed out and overhyped the business to do it. Many posters on here said not to touch it with a bargepole as they knew what was being done. i.e. don't be fooled by the cleavage.

When did we turn into a nation of cry babies hurt at every little thing some ahole says. What a massive overreaction. specially when compared to what the promoters of MFB did they have inflicted real financial hurt on people.

Many see it the same way yet that does not agree with the agenda, look at many of the comments initially in media are associated with MFB, be it their PR firm, Jarden above and media talking to the founders, to be expected, they are defending a wider line using a PC position perhaps. Now it’s insulting all women and therefore allows wide groups to take it on per their agenda.

In the end you have to look at the consequences for the company if you invested or choose to invest in it.

It is cancel culture with a view to maximise the opportunity to leverage at the company’s expense to send a message. The media will continue to ask questions of all people associated including customers…put on the spot their response is predictable..

[bull....]

the biggest risk to the share price is customers looking elsewhere. we know if that has occurred to later in the future

[Nor]

The ignore list is useless because the posts of those of ignored are visible when someone quotes them. Doh.

[bull....]

Major DGL customer wants answers about Simon Henry's attack as shares fall


https://www.nzherald.co.nz/business/nadia-lim-eurasian-fluff-controversy-major-dgl-customer-wants-answers-about-simon-henrys-attack-as-shares-fall/OJ7HDYVBZBZQZOHPH6V6XJAG6A/

[bull....]

i get 2.64 aus and 2.35 aus as possible supports maybe ? based on previous chart levels

[newbieinvestor]

i get 2.64 aus and 2.35 aus as possible supports maybe ? based on previous chart levels

Yeah those are the next levels to look out for.... Milford sold a 5% stake last year at about that time and it went to 2.35. It was a bit like standing in front of a freight train then.... am not sure if its a good idea now!

[Lola]

Maybe Jardens wish to deflect from the part they played in the MFB IPO. Seems similar to the Feltex IPO. History repeats?

Agree100% Billy boy. What virtual signaling cynical unnecessary rubbish from Jardens. Rather than join the frenzy calling for Henrys head for not apologizing properly, his firm should consider the wording of something similar for the stuffing people got with the MFB poison pills. Probably too late and would represent egg on face.

Discl of interest. Not and never a holder of either MFB or DGC.

[Nor]

NBR should have a look at itself too for publishing it. They didn't have to, could have used discretion. Now innocently reporting as if it is nothing to do with them.

[Balance]

NBR should have a look at itself too for publishing it. They didn't have to, could have used discretion. Now innocently reporting as if it is nothing to do with them.

NBR must absolutely publish it to reveal Simon Whimp for who he is.

Bravo, NBR & the media.

[Balance]

NBR should have a look at itself too for publishing it. They didn't have to, could have used discretion. Now innocently reporting as if it is nothing to do with them.

And they need to keep the media coverage up to make sure that he is held accountable for his despicable and repugnant action & words.

What a freaking coward he has showed himself to be. Hiding away and getting his office manager to write to his staff.

Then, there’s the case of him harassing and attempting to belittle the 21 year old female who he was going to ‘help’. Be interesting to see if more come forward - a pattern is emerging.

[nztx]

And they need to keep the media coverage up to make sure that he is held accountable for his despicable and repugnant action & words.

What a freaking coward he has showed himself to be. Hiding away and getting his office manager to write to his staff.

Then, there’s the case of him harassing and attempting to belittle the 21 year old female who he was going to ‘help’. Be interesting to see if more come forward - a pattern is emerging.

Has he stepped down .. or too much of a coward ? ;)

[Balance]

Has he stepped down .. or too much of a coward ? ;)

No chance of him stepping down as it's obvious from the article below that he runs DGL as his personal fiefdom and the Board is at his beckoning.

https://www.nzherald.co.nz/business/who-is-simon-henry-the-man-who-insulted-nadia-lim/3HXPI5CFDJWMZSLGL6SJPCPGOA/

paywalled

Excerpts :

"Henry has been variously described in investment circles on both sides of the Tasman as "a spiky character", "difficult", a self-promoting entrepreneur impervious to public opinion, and mostly someone who doesn't feel answerable to anyone."

"The fact he calls himself "sole shareholder" of DGL on the company's website, despite it having NZX and ASX investors, says quite a lot about the person, one New Zealand corporate leader observed."

" ....it took three days of intense media scrutiny for the board to comment on his derogatory comments about Lim tends to cement the impression he sees himself as the company. As one market analyst observed, Henry has yet to get comfortable with the idea that a stock exchange listing comes with public scrutiny. Interestingly, the Sydney PR company handling media inquiries has emphasised it is acting for the board, not Henry."

And this will provide further enlightenment & entertainment in the near future :

"One of Henry's acquisitions, of New Zealand company Chemsafe in 2015, has turned sour. Former Chemsafe founder and owner Rod Simmonds is reported to be seeking around $2.6m he alleges is still owed to him on the sale of the business and its assets to Henry in 2015. The case is due to be heard in the High Court at Auckland next month."

[Rawz]

Thanks Balance.

A few red flags in there.. DGL was on the watchlist but not so sure anymore.

[newbieinvestor]

https://www.nzherald.co.nz/nz/nadia-lim-eurasian-fluff-controversy-simon-henry-apologises-for-inappropriate-language/RZ6UDBTAS5LGSECZBA7N3XJ45U/

[justakiwi]

That is not an apology. He apologized for using "inappropriate language" but he did not apologise for the inappropriate sentiment behind that language. In other words, he stands by what he said - "but perhaps I should have worded it better."

Nasty piece of work.




https://www.nzherald.co.nz/nz/nadia-lim-eurasian-fluff-controversy-simon-henry-apologises-for-inappropriate-language/RZ6UDBTAS5LGSECZBA7N3XJ45U/

[newbieinvestor]

That is not an apology. He apologized for using "inappropriate language" but he did not apologise for the inappropriate sentiment behind that language. In other words, he stands by what he said - "but perhaps I should have worded it better."

Nasty piece of work.

Exactly!........

[Raz]

Thanks Balance.

A few red flags in there.. DGL was on the watchlist but not so sure anymore.


Perhaps, in the same instance you can find a lot of compliments, before this incident, on him as CEO. Not sure I can give them any more weighting. The Legal dispute on the purchase of the company mentioned is hardly a rarity if you are in the business of acquiring companies. The civil claim is not that high. Having said all that, it may well be true, are they all red flags...I would just keep a view on what currently transpires for the business than opinions out there from unnamed sources...chit chat is just that.

[Raz]

That is not an apology. He apologized for using "inappropriate language" but he did not apologise for the inappropriate sentiment behind that language. In other words, he stands by what he said - "but perhaps I should have worded it better."

Nasty piece of work.

This is just PR recycle. Given Nadia Lim stated (on the day it was said he had sent an apology by the Board) she did not require an apology from him then why is this being continued and fully disclosed....

[justakiwi]

Because the public are demanding an apology. The public include shareholders, customers, the business community, and anyone else who expects better from someone in his position. If he seriously believed that his comments (not just the words used) would have no impact or influence on the business he leads, he is an idiot.

P.S. Nadia didn't require an apology because she no doubt anticipated it would not be sincere, so not worth having. She was right.


This is just PR recycle. Given Nadia Lim stated (on the day it was said he had sent an apology by the Board) she did not require an apology from him then why is this being continued and fully disclosed....

[thebusinessman]

He literally claimed that people were influenced to buy shares in MFB based on the attractiveness of a model (Nadia, in this case) in their prospectus. On what planet does he live to think people make their investment decisions this way? Everything about what he said shows complete idiocy, he was caught up in the idea that his company has done better than hers and given a podium he couldn't help but lower himself to the level of his own projections. Sad, and it does give an insight into the moral quality of the man, even if that might be divorced from his ability to execute in business.

[winner69]

Seems he's been forgiven -- share price up 7% ...and heading back to the highs of last week or so

Must be instos piling in ;)

[couta1]

Seems he's been forgiven -- share price up 7% ...and heading back to the highs of last week or so

Must be instos piling in ;) They must be getting the warm fluffies again.:cool:

[Beagle]

I think its notable that the email, (I'm not even going to call it an apology), was only sent the day after a major customer demanded an explanation.
In other words he only issued that statement under commercial duress because if he didn't he knew it would start costing him millions.
When is an apology not really an apology ? I would suggest this has all the hallmarks of a disingenuous apology.

[winner69]

Hand writing experts ---- what you make of his signature?

[Perky]

It might be a L…for liability

DGL …Dangerous goods Ltd ticker should be DGS ..Dangerous goods Simon

[Raz]

I think its notable that the email, (I'm not even going to call it an apology), was only sent the day after a major customer demanded an explanation.
In other words he only issued that statement under commercial duress because if he didn't he knew it would start costing him millions.
When is an apology not really an apology ? I would suggest this has all the hallmarks of a disingenuous apology.

I have seen nowhere where the timing of the major customer demanding explanation is disclosed. Can you suggest where?

[GOAT]

Now that Simon has apologised... Perhaps Nadia should consider apologising to the shareholders of My Food Bag.

[Lola]

Now that Simon has apologised... Perhaps Nadia should consider apologising to the shareholders of My Food Bag.

Not at all...she was used by we all know who not to mention the promoters and even NZX for letting such a wickedly structured rippoff issue get onto the boards.

[justakiwi]

This comment just demonstrates that you have completely missed the point of this entire discussion.



Now that Simon has apologised... Perhaps Nadia should consider apologising to the shareholders of My Food Bag.

[Balance]

Hand writing experts ---- what you make of his signature?

A sperm which has got entangled on a wire?

[nztx]

Hand writing experts ---- what you make of his signature?


I think I'll ask the kids at the local Kindy if they can produce something more inspiring ;)

[Sideshow Bob]

Seems he's been forgiven -- share price up 7% ...and heading back to the highs of last week or so

Must be instos piling in ;)

Rally petered out pretty quick. Closed up but only 1.6%.

[fungus pudding]

Hand writing experts ---- what you make of his signature?
Close to impossible to forge. Try it

[nztx]

Close to impossible to forge. Try it


but who would want to .. perhaps the Lowe & Co Billboard Spoofers could have
a bit of extended fun with this around Welly ? ;)

Bound to one located near NZX HQ :)

[Balance]

Close to impossible to forge. Try it

If you check with the Companies Office, it is NOT the same signature as the ones in there.

https://app.companiesoffice.govt.nz/companies/app/service/services/documents/85DF194DDDAAACD64F95D930BDD4A97F

Signed by the office manager?

PS. I have used documents of a similar nature at the Companies Office to invalidate a property S&P agreement before.

[Balance]

Now that Simon has apologised... Perhaps Nadia should consider apologising to the shareholders of My Food Bag.

His apology is not worth the paper it is written on but since you think that way, how about :

What about

AIR,

CBL,

Intueri,

Wynyard,

MPG,

Orion,

Evolve,

Pike River,

Plus SMS,

Feltex,

Geo,

NZK,

PX1,

Snakk

and

BFG

for starters?

Not forgetting ATM too.

[RupertBear]

That is not an apology. He apologized for using "inappropriate language" but he did not apologise for the inappropriate sentiment behind that language. In other words, he stands by what he said - "but perhaps I should have worded it better."

Nasty piece of work.

Sadly I agree, this does not come even close to resembling a sincere apology. Shame on him, he is an absolute disgrace.

[Raz]

If you check with the Companies Office, it is NOT the same signature as the ones in there.

https://app.companiesoffice.govt.nz/companies/app/service/services/documents/85DF194DDDAAACD64F95D930BDD4A97F

Signed by the office manager?

PS. I have used documents of a similar nature at the Companies Office to invalidate a property S&P agreement before.

that is what I was initially thinking, something the office manager can easy sign consistently to their hand

[Rawz]

The fake apology signed with a squiggle is almost like code for him doubling down on his comments

[RupertBear]

The fake apology signed with a squiggle is almost like code for him doubling down on his comments

Agree don't think he gives a flying …..

[Balance]

Agree don't think he gives a flying …..

Like Eric Watson, his day of reckoning will come.

[clearasmud]

Come on, at least he looks after the shareholders.
This will blow over.

[Beagle]

I have seen nowhere where the timing of the major customer demanding explanation is disclosed. Can you suggest where?
I can only suggest what was reported behind the paywall yesterday. Reported in the Herald online early yesterday morning, paywalled. Yesterday it became public knowledge that a major customer has demanded answers. We then learn on the same day, presumably in response to concerns expressed to the board the previous day, the email was issued.
https://www.nzherald.co.nz/business/nadia-lim-eurasian-fluff-controversy-major-dgl-customer-wants-answers-about-simon-henrys-attack-as-shares-fall/OJ7HDYVBZBZQZOHPH6V6XJAG6A/
Excerpt: A major customer of the sharemarket-listed company whose chief executive called New Zealand chef and My Food Bag co-founder Nadia Lim a "bit of Eurasian fluff" says it is seriously concerned and wants answers.

International water treatment and chemical distribution company Ixom said it was "communicating its serious concern" about the conduct of DGL Group chief executive Simon Henry to the DGL board. It was aware of the comments made about Lim and shared the view of the DGL board that they were inappropriate, unacceptable and offensive, Ixom said in a statement in response to questioning by the Herald.

"Ixom is communicating its serious concern about Mr Henry's conduct to the DGL board and is seeking further information from the Board about DGL and Mr Henry's response."

It appears the email was only issued to Nadia Lim yesterday after a major customer demanded answers.

It took him 6 days to instruct the office manager to send an email like that. That's a long way past pathetic, its contemptuous, insincere and disingenuous. Worse, I think he's so arrogant he thought he could simply do nothing and give Nadia Lim "the bird" by doing nothing and ignoring all the fuss but when he realised that he was going to lose millions of dollars from a major customer pulling their business and going elsewhere he belatedly and reluctantly instructed his assistant to issue a very brief "statement". This means its not an apology at all, its simply a commercial decision to initiate damage control.

In effect he's acted like a juvenile over indulged private school teenage brat who's had far too much pocket money and has had no checks and balances in his life. In the old days they'd give kids like that six strokes of the cane on the backside to wake their idea's up and teach them respect. (Ask me how I know lol).

[Balance]

Come on, at least he looks after the shareholders.
This will blow over.

Really? Like he looked after the 21 year old female?

[Balance]

I can only suggest what was reported behind the paywall yesterday. Reported in the Herald online early yesterday morning, paywalled. Yesterday it became public knowledge that a major customer has demanded answers. We then learn on the same day, presumably in response to concerns expressed to the board the previous day, the email was issued.
https://www.nzherald.co.nz/business/nadia-lim-eurasian-fluff-controversy-major-dgl-customer-wants-answers-about-simon-henrys-attack-as-shares-fall/OJ7HDYVBZBZQZOHPH6V6XJAG6A/
Excerpt: A major customer of the sharemarket-listed company whose chief executive called New Zealand chef and My Food Bag co-founder Nadia Lim a "bit of Eurasian fluff" says it is seriously concerned and wants answers.

International water treatment and chemical distribution company Ixom said it was "communicating its serious concern" about the conduct of DGL Group chief executive Simon Henry to the DGL board. It was aware of the comments made about Lim and shared the view of the DGL board that they were inappropriate, unacceptable and offensive, Ixom said in a statement in response to questioning by the Herald.

"Ixom is communicating its serious concern about Mr Henry's conduct to the DGL board and is seeking further information from the Board about DGL and Mr Henry's response."

It appears the email was only issued to Nadia Lim yesterday after a major customer demanded answers.

It took him 6 days to instruct the office manager to send an email like that. That's a long way past pathetic, its contemptuous, insincere and disingenuous. Worse, I think he's so arrogant he thought he could simply do nothing and give Nadia Lim "the bird" by doing nothing and ignoring all the fuss but when he realised that he was going to lose millions of dollars from a major customer pulling their business and going elsewhere he belatedly and reluctantly instructed his assistant to issue a very brief "statement". This means its not an apology at all, its simply a commercial decision to initiate damage control.

In effect he's acted like a juvenile over indulged private school teenage brat who's had far too much pocket money and has had no checks and balances in his life. In the old days they'd give kids like that six strokes of the cane on the backside to wake their idea's up and teach them respect. (Ask me how I know lol).

A sound beating, figuratively speaking, behind the bicycle shed is what is needed to bullies like Simon Whimp.

[Hoop]

....................................

13791

[Rep]

As a CEO of listed company, one of the key imperatives of the role is to be able to 'read the room.'

It's also not inherently clever or likely to induce empathy when you whine about the relative share performance of another listed entity. As any canny investor understands, there are a whole bunch of variables and attributes that result in the relative performance of listed shares. Being a whiny middle aged male poking the borax by mocking Nadia Lim and the MFB prospectus shows a deficit of social intelligence (i.e. tact, cognition of social acceptance) in contemporary New Zealand society.

He may well be a shrewd operator of the business but I'd think a sensible Board would be suggesting a suitable course of media training, some quality PR advice and some penance to be observed in the performance goals of the CEO for the year. This sort of @#%* doesn't impress Ma and Pa investors, Sharesie players nor does it make institutional investors particularly impressed as fund managers hate taking calls from grumpy unit holders wondering why they have their retirement savings associated with that stupid man who runs DGL.

[Balance]

Simon Whimp is the best & outstanding example of ‘you can take the peasant out of the village but you cannot take the village out of the peasant.’

Classless uncouth lascivious trash - that’s who the CEO of DGL has revealed himself to be.

[winner69]

Simon Whimp is the best & outstanding example of ‘you can take the peasant out of the village but you cannot take the village out of the peasant.’

Classless uncouth lascivious trash - that’s who the CEO of DGL has revealed himself to be.

A self made success story though.

[Balance]

A self made success story though.

Yes, sounding more & more like Eric Watson by the day?

[Brain]

As a 60% shareholder he has total control over the composition of the board - the guys that are suppose to appoint and evaluate the performance of the CEO. I guess the board could resign like they did with QEX. No solutions with this one. Whimp is not going to change his ways. I consider myself fortunate that I have a very small shareholding.

[Balance]

As a 60% shareholder he has total control over the composition of the board - the guys that are suppose to appoint and evaluate the performance of the CEO. I guess the board could resign like they did with QEX. No solutions with this one. Whimp is not going to change his ways. I consider myself fortunate that I have a very small shareholding.

The Board members have been made to look like (and are) fools simply by the way the apology saga unfolded.

First he had apologised (he did not).

Second he tried to apologise by phone (he did not).

Third he sent a written apology by courier (he did not).

Fourth he supposedly got the office manager to send an apology to staff (doubt he did).

Fifth he supposedly got the office manager to send an email copy of his 2 line apology (doubt he did).

And where was the Board?

If any one of them has any pride or credibility, he/she would resign immediately. It’s one thing to be thought of as a rubber stamp stooge - it’s another thing to confirm that for all & sundry to know.

[Brain]

The Board members have been made to look like (and are) fools simply by the way the apology saga unfolded.

If any one of them has any pride or credibility, he/she would resign immediately. It’s one thing to be thought of as a rubber stamp stooge - it’s another thing to confirm that for all & sundry to know.

Trouble with that is no one wants a repeat of QEX

[winner69]

Yes, sounding more & more like Eric Watson by the day?

...... but doesn't have the glamourous models always at his side

[Balance]

...... but doesn't have the glamourous models always at his side

Too busy looking for 21 year olds?

Too stingy to pay for glamorous models to be by his side?

[Ronnie]

Looking in this forum for discussion re: investment or potential investment strategy with a company during what is to many here probably an unprecedented episode.

Is anyone able to chime in with that?

For instance, are there any other occurrences of a NZ/Oz company having the CEO cause a scandal which impacted the share price swiftly? Did it detract from what the company offered as a service? Which companies? When? How was that resolved?

I understand Elon Musk can tweet whatever thought crosses his mind and that affects the US sharemarket/crypto in various ways, but I was hoping for something with a bit more ....gravitas here? :confused:

[Rawz]

What was that company that did the board books? It listed then tumbled because management had bad history.. in the end shareholders made heaps of money

[winner69]

What was that company that did the board books? It listed then tumbled because management had bad history.. in the end shareholders made heaps of money

Diligent ..............

[Muse]

Diligent ..............

ahhh diligent. great company actually.

I committed quite a few investment rule of thumb 'faux pas' on that one, but in the end was a very comfortable multi+ bagger

felt a bit queasy at times holding it as I wasn't very diversified then. Learnt to keep my spec picks capped and now I don't worry as much. But glad I through caution to the wind while I was younger :)

[Rawz]

ahhh diligent. great company actually.

I committed quite a few investment rule of thumb 'faux pas' on that one, but in the end was a very comfortable multi+ bagger

Could see the same with DGL.. already a multi bagger.. maybe more.

I bet Simon is sitting in his office fuming at the reaction and will show everyone how good he is by massive eps growth. then he can really rub it in to MFB. just a guess..

[Balance]

Simon Whimp - coward with tail between his legs.

https://www.stuff.co.nz/business/300586492/watch-simon-henry-flees-nadia-lim-questions-after-tennis-session-in-auckland

Suddenly, shy of the media.

Obviously has not heard of the term - ‘Man up, front up and be upfront.’

[RupertBear]

Could see the same with DGL.. already a multi bagger.. maybe more.

I bet Simon is sitting in his office fuming at the reaction and will show everyone how good he is by massive eps growth. then he can really rub it in to MFB. just a guess..

Nope out having a private tennis lesson refusing to front to media questions. Gutless coward

[winner69]

Maybe given himself gardening leave ..... or taking stress leave

Hope the Board have somebody monitoring his mental well bearing and providing an necessary support

[newbieinvestor]

....................Chris Lee has done a write up on Simon Henry.............. will try to summarize it later on...

[winner69]

This bit from Chris Lee can't be true - didn't see this in the prospectus

Jarden explained that Henry had built a chemical-handling company that in 2020 was making a profit roughly similar to a local McDonalds branch, or a very busy fish and chip shop.

I'm sure Lee won't mind me linking the article --- might be the only time Balance sort of agrees with Lee :)

https://www.chrislee.co.nz/taking-stock

[Balance]

Pigs can fly.

https://www.nzx.com/announcements/391966

Mr Henry has apologised to Ms Lim, the Board, DGL employees and by extension all stakeholders for his remarks, and the Board acknowledges his genuine regret.

Mr Henry understands the importance of his own conduct in setting standards across DGL Group. He is fully supportive of,and will participate in this process initiated by the Board.

[Ronnie]

ahhh diligent. great company actually.

I committed quite a few investment rule of thumb 'faux pas' on that one, but in the end was a very comfortable multi+ bagger

felt a bit queasy at times holding it as I wasn't very diversified then. Learnt to keep my spec picks capped and now I don't worry as much. But glad I through caution to the wind while I was younger :)


Ooh, can you please expand on the 'faux pas'? I'm here to learn and eager to hear about other people's experience who have been investing 10+ years or more. I had to google multi bagger, - do you think Peter Lynch 1988 book 'One Up on Wall Street' would still be a relevant read for modern day NZX investor?

[RGR367]

Pigs can fly.

https://www.nzx.com/announcements/391966

Mr Henry has apologised to Ms Lim, the Board, DGL employees and by extension all stakeholders for his remarks, and the Board acknowledges his genuine regret.

Mr Henry understands the importance of his own conduct in setting standards across DGL Group. He is fully supportive of,and will participate in this process initiated by the Board.

Not enough according to an expert.....
https://www.newshub.co.nz/home/new-zealand/2022/05/language-expert-analyses-dgl-boss-simon-henry-s-apology-to-nadia-lim-over-eurasian-fluff-comment.html

[Balance]

Another down day for Simon Whimp.

He will be kicking himself every day for opening his big mouth and inviting the scrutiny of DGL’s business model and fundamentals.

Could not have happened to a nicer guy.

[stoploss]

Bernard unsurprisingly imo has a distorted view on the effect this will have on DGL.
Older brother says he imagines Simon Henry has learnt a few things since calling Lim "Eurasian fluff".
https://www.stuff.co.nz/business/industries/128625811/simon-henrys-brother-says-backlash-might-reinforce-his-individualistic-entrepreneurial-take-on-life?cid=app-iPhone

[Balance]

Bernard unsurprisingly imo has a distorted view on the effect this will have on DGL.
Older brother says he imagines Simon Henry has learnt a few things since calling Lim "Eurasian fluff".
https://www.stuff.co.nz/business/industries/128625811/simon-henrys-brother-says-backlash-might-reinforce-his-individualistic-entrepreneurial-take-on-life?cid=app-iPhone

Digging the hole deeper.

[Azz]

This is getting out of hand. Some won't accept any form of apology, and demand "more", and the "more" will not be accepted either. But if he doesn't do "more", those same people will complain he's "not doing enough". Leave the guy alone. He screwed up. He has done more than enough to make amends. Time to move on. Or is destruction of the entire company the end goal here from the demanders? Lots of wealth-producing CEOs were a**holes, Steve Jobs springs to mind. Henry Ford. I won't add any more, the list is pretty much endless.

[beetills]

Nothing really to do with above but i just read where Lim and hubbly probably received about 11million for their shares in Mfb.
That would make me oblivious to smart mouth people.

[Raz]

Nothing really to do with above but i just read where Lim and hubbly probably received about 11million for their shares in Mfb.
That would make me oblivious to smart mouth people.

https://www.stuff.co.nz/opinion/128624197/how-the-media-stoked-the-simon-henrynadia-lim-controversy

[Balance]

Ode to King Simon Whimp :

https://www.newsroom.co.nz/an-ode-for-simon-henry?utm_medium=Social&utm_source=Facebook&fbclid=IwAR18UvGsP5jBUwfs5s0h0bByneomc4tG8wbRIO0CD 61Vz0WUM8wBX0TJX0Q#Echobox=1652560717

[winner69]

Ode to King Simon Whimp :

https://www.newsroom.co.nz/an-ode-for-simon-henry?utm_medium=Social&utm_source=Facebook&fbclid=IwAR18UvGsP5jBUwfs5s0h0bByneomc4tG8wbRIO0CD 61Vz0WUM8wBX0TJX0Q#Echobox=1652560717

Thats good eh Balance

Like this line - with his band of loyal and silent retainers

A few on this thread ….wonder if they have done this ….. but his retainers and loyal guardsmen have vanished into the mist.

[Nor]

He's just done another acquisition in Australia?
All cash? They wouldn't touch the shares??

[nztx]

He's just done another acquisition in Australia?
All cash? They wouldn't touch the shares??


Is the other news slow reaching the other side ? :)

or perhaps a sympathy card on the low price for earnings ? ;)

Perhaps the Ca$h was very badly needed as in Firesale ?

[CROESUS U.T.]

"The acquisition price of $3.5M represented a valuation of 2.2 x FY21 normalised EBITDA. Consideration is a cash payment of $3.5M"
Can one of our more astute members explain why that is not good buying, even assuming no growth in sales.

[Balance]

"The acquisition price of $3.5M represented a valuation of 2.2 x FY21 normalised EBITDA. Consideration is a cash payment of $3.5M"
Can one of our more astute members explain why that is not good buying, even assuming no growth in sales.

Cheap things not good.

Good things not cheap.

[Mel]

Cheap things not good.

Good things not cheap.

Something is not quite right with the multiple of 2.2X EBITDA. From DGL's perspective, a cheap way to acquire new customers for a relatively small cost - provided there's not big gotcha's!

[newbieinvestor]

Milford Asset Management - one of the country's largest investment managers - has offloaded its shares in DGL Group.

https://www.nzherald.co.nz/business/nadia-lim-controversy-milford-offloads-shares/6RC7LTTW6GWSTE2TTQICKNXO4U/

[Beagle]

Quite clearly Milford as one of N.Z's leading fund managers have lost confidence in his "leadership" and / or the boards "governance" or they feel the culture is so unacceptable their position as a shareholder is untenable.

Its a shame more shareholders don't make principled decisions like this.

[percy]

https://livewiremarketsptyltd.cmail20.com/t/j-l-vljilg-ydtteyktj-j/

[Beagle]

Not sure what pointing to the performance of niche Australian fund managers has to do with this company or one of N.Z. biggest and well respected fund mangers dumping this stock ? Looks like a very poor attempt at deflection to me.

[percy]

Not sure what pointing to the performance of niche Australian fund managers has to do with this company or one of N.Z. biggest and well respected fund mangers dumping this stock ? Looks like a very poor attempt at deflection to me.

Different fund,different view.
Most probably the Australian's view carries more weight, as most of DGC/DGL/s trading takes place in Australia.

[Bill Smith]

Milford a tad embarrassed that they spruiked MFB so strongly in IPO?

[Beagle]

I think Brian Gaynor would have been proud of the well principled decision Milford made.

[percy]

I think Brian Gaynor would have been proud of the well principled decision Milford made.

I am sure he would too.

[percy]

Milford a tad embarrassed that they spruiked MFB so strongly in IPO?

I sure BG would be disappointed.

[Balance]

Milford a tad embarrassed that they spruiked MFB so strongly in IPO?

Why would and why should he be embarrassed?

He wrote an article in BusinessWeek cautioning against the IPO and he has had little involvement in the day to day of Milford for quite a while.

He would be disappointed but no reason whatsoever to be embarrassed. In fact, his mana was enhanced by his article on MFB.

[Lola]

I think Brian Gaynor would have been proud of the well principled decision Milford made.

Maybe. But its really a PC bit of virtual signaling. Not newsworthy. Now if they had quit their MFB shares , that would have been worth a write up.

[nztx]

How are the Degrees of Gross Carnage playing out now ? :)

[Lola]

How are the Degrees of Gross Carnage playing out now ? :)

You have lost me...been drinking at Diva since lunch, Hawk?

[nztx]

You have lost me...been drinking at Diva since lunch, Hawk?


No .. been surveying the other farming service outfit from near the Naki, I believe you liked :)

[Bill Smith]

Why would and why should he be embarrassed?

He wrote an article in BusinessWeek cautioning against the IPO and he has had little involvement in the day to day of Milford for quite a while.

He would be disappointed but no reason whatsoever to be embarrassed. In fact, his mana was enhanced by his article on MFB.

Well I didn't mention Brian Gaynor, and why would I. Most people know he hasn't been running Milford for some time.

[Raz]

Different fund,different view.
Most probably the Australian's view carries more weight, as most of DGC/DGL/s trading takes place in Australia.

I agree.. also a reason NZ is a backwater... business wise. The rest of the world does not operate on a principle basis.

[Balance]

I agree.. also a reason NZ is a backwater... business wise. The rest of the world does not operate on a principle basis.

And that’s how we like it.

The likes of Simon Whimp are welcome to pxss off to Australia or any other country which loves his kind.

Just like Eric Watson & Ron Brierley were welcome to fxxk off overseas.

Up yours, Simon & his kind.

You can take the peasant out of the village but you cannot take the village out of the peasant as they say.

[newbieinvestor]

And that’s how we like it.

The likes of Simon Whimp are welcome to pxss off to Australia or any other country which loves his kind.

Just like Eric Watson & Ron Brierley were welcome to fxxk off overseas.

Up yours, Simon & his kind.

You can take the peasant out of the village but you cannot take the village out of the peasant as they say.


There you go ...

DGL Group Limited (DGL) – Delisting from the Main Board of NZX Limited and letter to NZXregistered shareholders


DGL Group Limited (DGL) – Delisting from the Main Board of NZX Limited and letter to NZXregistered shareholdersThe board of directors of DGL (Board) has resolved that DGL will delist from the Main Boardof NZX Limited (NZX), and move to a sole listing on the Australian Securities Exchange (ASX).NZX Regulation Limited has approved the delisting,subject to DGL meeting certain customaryconditions.The trading of DGL shares on NZX will cease at the close of business on Tuesday, 28 June 2022.DGL shares quoted on NZX will be transferred to a quotation on ASX, and there will be no NZXtrading on Wednesday, 29 June 2022 and Thursday, 30 June 2022. DGL will be delisted fromNZX from the close of business on Thursday, 30 June 2022. The sole listing on the ASX willcommence at the opening of the next trading day on Friday, 1 July 2022.The reasons why DGL is delisting from NZX are:1. DGL anticipated, at the time of listing on NZX, that shareholder participation in NewZealand would be higher than what has transpired;2. the Board believe that offering a New Zealand based trading platform is of little or novalue to DGL or its shareholders; and3. that there is no benefit from continuing to remain listed on NZX, and accordingly, to streamline its administration and services that it offers to shareholdersand to reduce costs, DGL's shares will be delisted from NZX and are to remain listed forquotation on ASX only. As at 23 May 2022 there were 689 New Zealand registered shareholders, which represented12.98% of the total number of shareholders of DGL. The number of shares entered on DGL'sNew Zealand register of members, as at the same date, represented however only 2.38% ofthe total number of shares of DGL.Page 2 of 2DGL Group LtdLevel 4, 91 William StreetMelbourne, VIC 3000Melbourne, Australiae info@dglgroup.comShareholders who hold DGL shares listed for quotation on NZX will automatically have theirshares transferred to ASX quotation and no action is required from shareholders to facilitatethis process. New Zealand shareholders will still be able to trade DGL sharesthrough any NewZealand stockbroker who can facilitate trading through ASX, or through an Australianstockbroker.

[percy]

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.?

Well 22 days later...
Wonder why it took so long.?.
A win win result where every body will be happy..lol

[RupertBear]

Good foresight Percy

[Balance]

Hooray!

Pxss off to ASX, Simon Whimp.

Good riddance to garbage. :t_up:

[Aaron]

Well 22 days later...
Wonder why it took so long.?.
A win win result where every body will be happy..lol

Alright while it is in growth mode but will you still get NZ imputation credits if it ever pays a dividend sometime in the future?

[percy]

Alright while it is in growth mode but will you still get NZ imputation credits if it ever pays a dividend sometime in the future?

No.
And what is more concerning,is other NZ companies may not bother listing on NZX,but list only on the much larger ASX.
And that means NZ becomes more of a backwater.
I have shares in a company on USX.One director lives in the UK,another lives in Australia.
I would guess in a couple or three years they will migrate to a large main board.NZ,UK,or Aussie.
At this stage who would know,but I would expect the company would be valued a lot higher should it list on UK or Aussie market,where technology protein companies are highly sought after.

[Recaster]

No.
And what is more concerning,is other NZ companies may not bother listing on NZX,but list only on the much larger ASX.
And that means NZ becomes more of a backwater.
A have shares in a company on USX.One director lives in the UK,another lives in Australia.
I would guess in a couple or three years they will migrate to a large main board.NZ,UK,or Aussie.
At this stage who would know,but I would expect the company would be valued a lot higher should it list on UK or Aussie market,where technology protein companies are highly sort after.

'Sought after'?

[percy]

'Sought after'?

Thanks....sought..

[bull....]

good move for dgl the aussies are where the action is.

one of the reasons being lack of volume in NZ .... too right NZX does not encourage trading volume on the NZX becuase of there rules that why the NZX volume is so low
traders do not like nzx