Hmmmmm. Why not sell a portion, so you lock in some profits and can continue to enjoy the ride with the remaining portion. I don't think this is the end of the ride. DYOR. but this is my two cents.
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Hmmmmm. Why not sell a portion, so you lock in some profits and can continue to enjoy the ride with the remaining portion. I don't think this is the end of the ride. DYOR. but this is my two cents.
Depends on your 'friends' intent when purchasing. Obviously they purchased with the intent of receiving a dividend at some stage from the company.
Maybe your friend had to sell earlier because [ insert bollocks here ].
Nor, ….we all are essentially traders
One of my current trades has lasted 13 years …still haven’t closed it out. Other of my current trades have varying durations.
Does it really matter if punters disclose as you suggest?
All input on this forum is welcome…doesn’t worry me if they (have to / should) pay tax or not.
Fair nuff
From Australian broker Bell Potter 2022 selection.
Target price in au $.
DGL Group (DGL)
Specialty chemicals and logistics
company DGL Group (DGL) has had
a strong start to listed life. Since
prospectus forecasts were comfortably
beaten at its debut result, DGL has
deployed ~$70m of its balance sheet
into acquisitions, reaching critical mass
in crop protection, water treatment and
entrance into clean energy transport
markets.
We are constructive on the vertical
being developed across the back end
chemicals lifecycle – which includes
manufacturing, logistics and recycling
– as we think in terms of breadth
DGL is currently unrivalled by any
Trans-Tasman competitor. As market
attention focuses on integration in the
first half of 2022, should utilisation
and/or synergies be extracted from
acquisitions earlier than anticipated,
we believe industry consolidation could
serve as a highly scalable growth
strategy for DGL over the mid-term.
Buy, Price Target $3.00.
Our Simon buying more,and on market at that..
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
The book by Keith Davies,"Ready ,Fire ,Aim " the story of Mainfreight,comes to mind when I think of Simon Henry.
No matter how big the hurdles, the higher and faster he jumps.
OK I have no idea what the PE ratio will be on the next result.but shareholders are going to have an exciting fun wealth building ride .
Some times I think conviction beats neat tidy ratios.[well I hope so]..lol.
Yep I agree. Haven’t jumped in yet, but seriously thinking about it. Nice to see some aggression and a man that knows what he wants!
Could be the stock to watch for 2022...
Big volume close on ASX y’day at AU 3.15, which is NZ 3.35.
Stunning set of numbers for HY. Be interesting to see guidance for FY later in the month. As stated before, could be the stock of 2022.
An impressive result and forecast for FY22. Prospectus NPAT was $10.4m - they are now heading for $24m NPAT by my estimate (incl. the $3m acquisition costs, normalised would be closer to $26m). This gives forecast EPS of around 8.8c / share, which into a SP of A$3 is a PE ratio of 34 - notwithstanding there may be more acquisitions etc and/or one-off IFRS impacts that will see the actual result vary. A nice growth story.
As usual, most activity is driven out of ASX with volume 701k so far compared to paltry 27k on NZX. Should transfer my holdings to ASX for future trade liquidity.
As per poster on HC..
"DGL Price Target Raised 17% to A$3.50/Share by Bell Potter".
Our man Simon is still on acquisition mode...
No.
I think this company has a great moat.
Deep, and filled with dangerous chemicals...A real moat.
Simon Henry is doing more than he said he would,so I am happy to sit back and enjoy the ride.
Talking about exciting rides you could try this while you are on The Isle of Man;
https://www.youtube.com/watch?v=SltqgZrPXt8
My earlier cost price was high hence I exited for a margin of safety .. but I will be lying in the wait for any dips on ASX as the volumes there are much better...
Another good bolt on acquisition.
DGL would also like to advise that it has had a stronger than expected start to the
second half of FY22 and is continuing to pursue further acquisition opportunities.
Any holders got concerns about all these acquisitions coming at the top of the cycle?
Not me Rawz, I see them as bottom draw material. They make up 6% of my portfolio.
Any holders got concerns about how the rising oil prices might affect their margins ?
Livewire this morning.
DGL Group (ASX: DGL)
Ben Rundle (BUY): DGL Group is the stock that I think can outperform. They are a producer of chemicals, they do storage as well as recycling of those chemicals. The beauty of this industry is that there are high barriers to entry in terms of the capital cost and the permits that are required to be able to operate. Simon Henry, the MD, owns just shy of 60% of the business. I think he's done a fantastic job. He's a very good capital allocator and he's already made about eight acquisitions since they listed. I think that it is a really exciting company and it'll be much bigger in a few years’ time.
CEO Simon bought a cool 500k shares on ASX, just follow the smart money.
Perhaps, the new thread could be either merged here or closed altogether, too confusing.
It would be good to avoid confusion if the administrators:
1) Merge or delete the other duplcate DGC thread (https://www.sharetrader.co.nz/showth...-Dgc-dgl-group)
2) Rename the Delegats Group DGL thread to include Delegats Group in the title (https://www.sharetrader.co.nz/showth...378-DGL/page12)
It would be good to avoid confusion if the administrators:
1) Delete this thread or merge it with the other DGC thread (https://www.sharetrader.co.nz/showthread.php?12096-DGC-DGL-Group)
2) Rename the Delegats Group DGL thread to include Delegats Group in the title (https://www.sharetrader.co.nz/showth...378-DGL/page12)
What just happened there :scared::t_up::D
I am wondering the same! No company news.
Somebody confused them with Delegats?
Seen some interviews with Simon, and he comes off as a very pragmatic and astute individual who can produce results.
Does the business model of offering the full package of services (chemical manufacturing, warehousing and distribution, and environmental solutions) or as Simon calls it being "vertically integrated" give them enough of a competitive advantage to attract customers away from their competition?
Also, what happens once the acquisitions start to dry up and they reach their peak in the Australian market? Will they start giving out dividends or instead look to get into the US market?
I'm thinking of getting in as a long term investment.
Another push from hereon, we could be knocking on 4 handle in the medium term...
Offer side looking pretty barren atm...
https://www.nzx.com/announcements/390713
Commenting on the performance, DGL CEO, Simon Henry, said:
DGL’s performance so far in the financial year 2022 continues to exceed expectations. All three operating segments are performing strongly with increased activity due to market and seasonal factors. DGL continues to successfully execute our strategy to sustainably grow through organic growth and acquiring strategically positioned businesses.
Wow, hit $4.05 on ASX.
*Homer moment*
D'oh! I sold all mine @3.40. Thought I was the bees knees. D'oh.
Same! Dammit. It’s a run away train now!
Simon onto more acquisitions...no stopping this giant!
Every time I check the share price, I regret my decision not to invest a lot more. The pain of regret.
You aren't alone. I intended to buy shortly after the float but it rose so quickly after the day I thought stuff it I'm not paying the extra premium on the listing price. Clearly I should have.
I still can't help but think its rather pricey. But that's what I thought when I balked at paying the 1.25 when I made the conscious decision not to invest.
Well done holders. Snow Leopard special.
I was amazed to get my small parcel at $1.10 on first day of trading, it dipped a bit I think. Could have got a few more if I'd known but bid a bit higher. Shame you cant enter a buy for a dollar amount.
Love the NBR headline...
DGL boss: ugly boards make the best IPOs
Investment • Premium
Chemicals chief takes shot at ‘cleavage’ and ‘fluff’ in My Food Bag share offer.
Best keep to one thread......DGC - DGL Group - Page 16 (sharetrader.co.nz)
So there was a brown woman wearing a shirt with buttons undone in the DGL prospectus as well
DGL’s own prospectus contains a photo of a brown woman (possibly Eurasian!), on the very first page, wearing a shirt with some buttons undone. I wonder why. Possibly to attract a wider group of investors to a company with all-male management? For Henry to think that My Food Bag deploying the exact same (simple, boring) tactic as his own company is salacious because it included a woman in a public leadership position is frankly a little bit terrifying. And I still have no idea what the word Eurasian has to do with anything.
https://thespinoff.co.nz/business/04...-food-bag-woes
Some cringeworthy stuff in this prospectus of old
https://philcook.net/beerdiary/wp-co...O-document.pdf
You've got to say that Simon Henry is a complete idiot ....
Well doing a decent IPO and share performance compared with my food bag so not a complete idiot. Must say not like him…for so many years he kept a very low profile…
https://www.nzherald.co.nz/business/...AGZXX45MSRMSE/Cecilia Robinson: Appalling Nadia Lim 'Eurasian fluff' claim - why things are not all right for women in business
I think he should withdraw and apologise faster than the speaker back tracked today …..
Seems the man you love is a bit dodgy
From that Herald article -
The NBR wrote an article in May 2021 about Henry's alleged incessant communication with a female intern, who had asked him to stop. He subsequently called her "unwell" and a "nutter", when called out on it publicly. If this is the type of conduct he seemingly condones in public, one could only guess what happens behind closed doors.
I do find it interesting that despite not mentioning gender when allegedly remarking 'the uglier the board the more successful the share price', the writer framed it as if only the woman on the board would be offended by the comment. Not very CEO like behaviour from this joker though, could be messy if any hidden misconduct claims come out of the fog.
https://www.stuff.co.nz/business/ind...bout-nadia-lim
Totally agree Lola, all it needs is a Eurasian/nonEurasian female/male fund manager to take umbrage to his on-the-record remarks (does not reflect the values of our fund), and share price will come under real pressure. Been on my watch list, could become a good buying opportunity IMO. Unbelievable stuff.
A real Wimp is Simon
All said and done, poor choice of words from the likes of Simon. He should’ve done better than that, before it gets too stormy and ugly he better apologize and put this to an end.
Unwanted distraction for the company he’s running which is going all guns blazing atm.
hehe... social media would have invariably brought his whimpy past... :)
The spinoff in case you guys havent seen it ..
https://thespinoff.co.nz/business/04...-food-bag-woes
As I wrote in MFB thread, it must be noted that Simon Henry Whimp must be pretty hard up on the home front to view the photo of Nadia Lim as showing cleavage! :D.
Never seen this thread being so active, haha. One way to become famous for all wrong reasons..
I can’t believe most of the stuff punters have dug up on this guy ….if any semblance of truth in them he’s had a pretty dodgy past
Suddenly he is overseas and completely unavailable. :D
https://www.stuff.co.nz/business/ind...bout-nadia-lim
‘Henry has been approached for comment via DGL’s media contacts. Someone who answered the phone at DGL’s Auckland office said he was travelling overseas, and his schedule was fully booked.’
Obviously has not heard of a mobile phone and whatever spare time on his trip, he is busy checking out cleavages?
What a pathetic drip.
NZH to the party :)
https://www.nzherald.co.nz/business/...WBT4TEU76PLSY/
Don’t cancel Simon …it will make him a bigger monster Rachael says
It’s up to the likes of Percy who invested in him and his business step forward and provide the mentorship he needs to rehabilitate his thinking.
C’mon percy ….step up and show the love you for him
https://www.todayfm.co.nz/home/opini...adia-lim-.html