Well said. The apology was a charade and the so called independent review of corporate culture and diversity would have been too.
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Chartists (me) don't like NZX either as their data/info belongs to "secret squirrel and family"...
Congratulations DGL on the move. I hope there will be many more..NZX needs a shake up ...
Many say NZ is a back water..That's true for those who use outdated information/over-regulated/over-priced systems...In reality, nowadays NZ is only a keyboard away from the rest of the world.
Yep sure a flippant comment means that the company is a lesser value company. It's a buy for me. Probably what a lot of people are thinking about MFB anyway. Yay Johhny Depp, Yay MCP (male chauvinist pigs). Too many people want to control your lives anyway. RESIST
https://www.nzherald.co.nz/business/...ZRJEM2ZG6RNTE/
NZX Head's final take on this:
Quote:
However, NZX chief executive Mark Peterson said the decision clearly was a reaction to Henry's comments about Nadia Lim and the My Food Bag IPO.
A modern day witch hunt. Whoopee!
25% discount sounds good to me and as soon as fund managers have their research teams do their analysis, and then have their recommendation meetings (I would say in about two weeks, most move their decision process that slowly) this stock will be a buy for them. Simon's probably poised to pick up a few himself.
Smell the air when the DGL & Simon Whimp stench is removed soon!
https://www.nzherald.co.nz/entertain...EWAQ5SZH76M6U/ Nadia caught in drama again! Hopefully her looks will distract peoples attention and all will be forgiven😉
Before Simon departs - here a shot of Nadia:
https://resources.stuff.co.nz/conten...ptimize=medium
Definitely looks far more attractive than Simon could manage any day of the week :)
Don't worry - the Aussie Ladies have probably had prior warning 'in case that Henry' fellow shows up :)
Appoint Simon as a judge.
Then it would become a real reality show...
im with you on this hoop , its total madness that the NZX think there data is so special and they charge so expensively :scared: they are only 100 odd companies lol.
anyway if you dont mind paying 120 a yr you can get nzx data from microsoft 365 and download into excel
And there's more :
https://www.nzherald.co.nz/lifestyle...7CPCW22JCVTVI/
paywalled
Everything you ever want to know about Nadia - from her nude food to her new life on the farm.
Trust one of the Whimp followers here like Percy & Nor will send the article to Simon Whimp - hopefully for you shareholders, Simon will then get back to actually running the company instead of eyeing cleavages and chasing 21 years old.
https://www.nzherald.co.nz/resizer/7...FFVLB45CRY.jpg
And more - to help ease the sting of DGL's falling sp :
https://www.nzherald.co.nz/resizer/F...J2IC46HMK4.jpg
Or for free from https://nz.finance.yahoo.com/quote/DGC.NZ/
Can we stop the bashing of the CEO? Time to move on from that.
You sound obsessed with him.
We'll see.
A few years back, Sergey Brin had a highly inappropriate "affair" with a 20-something "subordinate". Did this impact the Google share price?
You said "affair is one thing" with zero knowledge of what that "affair" entailed.
I had an association with a private company a few years ago. A family-owned company. And several members of this family were the most reprehensible low lifes I've ever associated with. However, this business made money - a LOT of money. Point I'm making is that an emotional response to investing is of no use whatsoever. I agree the DGL CEO was out of line. But he apologized, and now time to move on.
It sounds to me that you have a personal reason for this vendetta, you should calm down a bit and stop throwing stones from within your glass house.
As for the pharmaceutical industry, indeed it does make a lot of money. And our armed forces need to buy weapons from somewhere, or do you propose we disarm ourselves?
In the good book it says that he who has never stuffed up in a major way to throw the first stone.
Hence I refrain from throwing stones.
Balance has obviously never stuffed up, so we should applaud him on achieving something beyond most of us.
We should cherish the moment; we've met a saint online.
Yep I was being sarcastic. Without adding fuel to the fire, most shareholders that bought MFB in the IPO will be angry and vindictive. Some say things better than others.
Balance, your continuous and irrational bad-mouthing of the DGL CEO is not so different from his offensive and misguided bad-mouthing of the beloved Nadia Lim. There are some differences obviously - for example, you have anonymity whereas he put his name to it, he apologized whereas you bad mouth him neverendingly. I am a shareholder of this company and I'm sick and tired of you abusing the CEO on this public forum. Time to move on.
Stick with it Azz, you are a breathe of fresh air!!!
garfy, thanks! and I will.
Balance, it's obvious your raison d'etre here is to abuse people. Makes you feel good, does it.
Azz, have you properly reviewed what Simon Whimp did?
He cynically and in a calculative manner attempted to stoke his own ego by making sexist, racist and totally uncalled for & unjustifiable remarks about a director of another company.
When challenged, he went to ground. So he is a coward.
When the heat became too hot, he made out that he had apologised. He did not. So he is a liar.
When the company’s most important customer expressed disquiet, he finally fronted up behind DGL’s office manger’s skirt and made an ‘apology’ which was no apology for what he said. So he is double confirmed as a coward and a liar.
Now, which part of the above have I got wrong?
And the likes of you think it is okay to move on because he has done the right thing with his ‘apology’?
Don’t be so naive as an individual & as an investor.
Yes only 100 or so companies - buried amongst all the other nonsense they list as companies :)
Clearly a symptom of past attention lacking on being NZ's Exchange and not losing listings on every minor corner turn, then try to pad the listings numbers up with every sort of fund under the sun :)
There was something disturbingly primal about his words about Lim and no doubt he has what some has described a god complex.
I'd be interested how his fellow director Denise Brotherton feels about his behaviour .... actually I feel sorry for her having to work with such a guy - hope she isn't the next to have her clothing, cleavage, and sensuality publicly discussed
Might be history one day. Maybe? 🥴
Fire needs oxygen. It is probably best if no further responses are made in relation to this topic. No oxygen equals no fire.
I'd be interested how his fellow director Denise Brotherton feels about his behaviour .... actually I feel sorry for her having to work with such a guy - hope she isn't the next to have her clothing, cleavage, and sensuality publicly discussed
Must be hard dealing with him with his controlling interest ….even docking a few bucks from his $600k plus salary wouldn’t hurt him
Some posts have been censored? With no notification?
At the risk of getting censored yet again and dragging on a non-issue I couldn't get past how Mark Quinlivian from Newshub framed his comments.
But another noteworthy name on the list was Henry, the founder and chief executive of specialty chemicals company DGL. He came under fire earlier this month for suggesting celebrity chef and My Food Bag co-founder Lim's looks were to blame for the company's disappointing entry into the public market.
"When you've got Nadia Lim, when you've got a little bit of Eurasian fluff in the middle of your prospectus with a blouse unbuttoned showing some cleavage… then you know you're in trouble," he told NBR.
That is what he said but my understanding he was pointing out that MFB sexed up their IPO offering and it has subsequently disappointed investors. Not that it was Nadia Lim's cleavage's fault it was overpriced, but that it was based on a lot of hype. Maybe he should have said overhyped instead of Eurasian Fluff.
I guess misrepresentation is part of the pile on once someone upsets the woke.
Although I still agree that what he said was not well put.
$14m wiped of its market cap this morning
Sense seems to prevail. Got my lot at 3.02. Price coming back.
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 FY21 result, DGL
has deployed ~$75m 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 TransTasman competitor. Looking into FY23e
we see a supportive seasonal outlook
that can continue to support strong
earnings momentum. In addition,
DGL has scope to benefit from further
network benefits of FY22 acquisitions
and a full 1H23e period of price
realisation in key ag-chemicals.
Buy, Price Target $3.50
Another acquisition..
ASX RELEASE
7th July 2022
DGL Expands Manufacturing Capabilities with Acquisition of FlexichemAustralia Pty Ltd.
Melbourne, Australia - DGL Group Limited (ASX: DGL), (“DGL” or the “Company”), aspecialist chemicals business that manufactures, transports, stores and processeschemicals and hazardous waste, today announced the strategic acquisition ofFlexichem Australia Pty Ltd.
Situated in Adelaide South Australia, Flexichem specialises in complex silicone-basedmanufacturing targeted for water treatment, industrial and specialty productapplications for both domestic and export customers
The Flexichem acquisition gives DGL a strategic chemical manufacturing base inAdelaide with a strong technical base in chemical development and 1,200 tonnes ofadditional chemical manufacturing capacity.
Founder and CEO of DGL, Simon Henry, said: “The acquisition of Flexichem expandsour manufacturing capabilities into South Australia, adds talent and IP on siliconebased manufacturing into DGL, and also opens up new export markets”.
Flexichem will vertically integrate into DGL’s manufacturing operations and strengthenservice to DGL’s extensive customer base.
The acquisition price of $6.2M represented a valuation of 4.6 x FY21 normalisedEBITDA. Consideration is $4.65M in cash and $1.55M in DGL shares at a 5-day VWAPcalculated at the date of completion.
- ENDS -
Approved for release by the Board of DGL.
Please note new thread name and location change to ASX! :-)
Profit huge in F22 but flat in F23 it seems
In FY22, because of strategically higher stock holdings, expanded capabilities, balance sheet strength and the Group’s execution, DGL achieved some opportunistic growth in earnings which is unlikely to be replicated to the same extent in FY23. In addition, inflationary cost pressures across the globe may also have an impact on the earnings growth, albeit the Group will look to respond accordingly. These impacts are expected to be offset by a full year’s contribution from the Group’s FY22 acquisitions and other organic growth projects. Therefore, the Group anticipates its earnings growth to flatten in FY23 as a result
PE should reduce from 80 to around 30.......
With no growth PE should be nearer 10.....[no sure whether above or below ]
one comment operating cashflow conversion looks ordinary. flat profit outlook, inventory build with capex budget plus spending 16m on new acq with that cash balance - I sense a raise coming
Haven’t had a good read, but so far pretty disappointing…They are neither offering future growth or a divvy… where is the determined business focus gone?!
25% down --- Will be interested to know what analyst like Bell Potter have to say after the result ..12 million shares traded....
Winner69 - you might be onto something there....
i think winner be right
Opportunities to work with new and existing Trans-Tasman customers continue to present themselves. Some opportunities may require capital investment
• Strategy continues to be focused on growing organically and through acquisitions that provide strategic value to DGL
from there outlook statement
hope all these aquisitions pan out. doing so many so quick can lead to indigestion
better get that capital raising out quick sinking like a concrete box
Share Price $1.56
eps...10 cents
PE ratio 15.6.
Growth.?
Dividend Nil.