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DGL, DGL GROUP LIMITED
nipper
post Posted: Sep 11 2021, 08:42 PM
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Posts: 10,050
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In Reply To: nipper's post @ May 24 2021, 01:38 PM

and a few months later ... $2.70
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Simon Henry, boss of chemicals manufacturing and storage group DGL says the pandemic has killed off the just in time approach to supply chains across industry, and that shipping channels and international logistics face many more months of chaos.

He said international players were increasingly shifting more of their stock into local country warehouses and storage sites and lifting inventory, so they can be better prepared for when shipping and transport logjams occur.

DGL Group has 1300 customers across industries such as agriculture, water treatment, mining, construction, pharmaceuticals, and home and garden.

DGL earlier this month acquired Opal Australasia based in Western Australia for $8.6 million. It is a specialist contract fertiliser and packing business.

Mr Henry said DGL was on the hunt for further acquisitions but would stay disciplined and only move if a purchase added value to the business.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: May 24 2021, 01:38 PM
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Posts: 10,050
Thanks: 2814


In Reply To: nipper's post @ May 19 2021, 12:18 AM

and trading today .... IPO @ $1.00

Opened at 94c then steady buying and around $1.07 mid afternoon.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: May 19 2021, 12:18 AM
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Posts: 10,050
Thanks: 2814


DGL Group Ltd (DGL) is an integrated trans-Tasman business. Its service offering includes chemical formulation and manufacturing, warehousing and distribution, and waste management and recycling.

It is looking to raise $100 million at $1.00 a share and should list on the ASX on 24 May 2021.


DGL is a well-established specialty chemicals and dangerous goods business offering solutions from manufacturing to recycling. DGL employs over 280 people and operates a network of 26 sites in Australia and New Zealand with approximately 140,000 tonnes of manufacturing capacity, 126,000 tonnes of chemical storage, and 174,000 tonnes of waste processing capacity.

The DGL business was founded by Simon Henry in 1999 and has established itself as a leader in the sector through a combination of organic growth and targeted acquisitions of business, property and other assets. DG's portfolio of assets and capabilities allows it to offer its customers a range of services across specialised chemical formulation and manufacturing, warehousing and distribution and waste management and recycling.

During 2020, DGL served more than 1,300 pro forma customers (including customers acquired as part of its recent Chem Pack acquisition), across Australia and New Zealand from industries including agriculture, water treatment, mining, construction, automotive, food, pharmaceutical, lead smelters, plastic recyclers, galvanisers, manufacturing, home and garden, and chemical suppliers. DGL integrates deeply into its customers' processes and workflows at multiple levels, resulting in loyal and long-tenured customer relationships.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



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