Main Menu

DGL.ASX

Started by Left Field, Jul 05, 2022, 12:40 PM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

Print
Go Down Pages1 2 3 ... 11
User actions

Left Field

Jul 05, 2022, 12:40 PM
Bell Potter has made this their top stock pick for FY22 with a target SP of $A3.50

Now absent from the NZX after the Nadia Lim debacle where its SP was marked down from (approx)  $NZ 4.40 to around $NZ 2.70 it now currently trades at about $AU 2.89 on ASX.

I like the counter cyclical/scandal beaten down SP of this one (Niche market and NTA around $NZ 115.00 ) so added it to my portfolio at recent lows. P/E still horrendously high so only a small holding at this stage.
"The difficulty lies not in new ideas... but in escaping from old ideas." (J M Keynes.)

arekaywhy

#1
Jul 26, 2022, 12:42 PM
Similar boat to you mate.  Secondary reasoning for purchase was the virtue signalling that went on.  That never lasts.  Fundamentally, the company does the same thing it did before, so I see this being a nice earner over the next 6-12 months.

Auto Rower

#2
Jul 30, 2022, 10:44 AM
Totally its about the sp and its future growth not the woke ethics

Left Field

#3
Aug 23, 2022, 04:57 PM
SP having a nice little run lately and TA indicators looking improved...... hope I haven't put the hex on it!

"The difficulty lies not in new ideas... but in escaping from old ideas." (J M Keynes.)

arekaywhy

#4
Aug 31, 2022, 01:23 PM
well, big oof there...down 25%??

Left Field

#5
Aug 31, 2022, 03:10 PM
Quote from: arekaywhy on Aug 31, 2022, 01:23 PMwell, big oof there...down 25%??

Not good..... and I suspect this statement caused today's SP decline (market being forward looking);

 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.

Onus now on DGL to ensure earnings growth does not flatten too much!



"The difficulty lies not in new ideas... but in escaping from old ideas." (J M Keynes.)

Left Field

#6
Sep 01, 2022, 10:40 AM Last Edit: Sep 01, 2022, 03:12 PM by Left Field
Just had time to read DGL's complete report...meanwhile market seems not impressed with yesterdays results detailing Revenue up 88% and NPAT up 197% etc.

http://research.iress.com.au/IDS/old/20220831/02561300.pdf?uid=635C91031146C442916FCAC892A74FBAD8190000460D7F1BCFE0E540093D250091850000&ppv=

DGL's choice of words to describe FY23 prospects clearly not liked causing the selling pressure of 15 mill shares likely to have come out of voluntary escrow. Phew not for the fainthearted.




"The difficulty lies not in new ideas... but in escaping from old ideas." (J M Keynes.)

arekaywhy

#7
Sep 01, 2022, 03:21 PM
Another smack down day...making me start to pay attention. 

This company does actually have good fundamentals I reckon.

Anyone familiar with other players in their market?

winner (n)

#8
Sep 01, 2022, 03:47 PM
Quote from: arekaywhy on Sep 01, 2022, 03:21 PMAnother smack down day...making me start to pay attention. 

This company does actually have good fundamentals I reckon.

Anyone familiar with other players in their market?

Considering it hit $4.49 in April it sure has fallen out of favour eh

arekaywhy

#9
Sep 01, 2022, 04:47 PM
Quote from: winner (n) on Sep 01, 2022, 03:47 PMConsidering it hit $4.49 in April it sure has fallen out of favour eh

Yeah looking at the trend, you have to ask, is this company worth half what it was mere months ago?

lorraina

#10
Sep 01, 2022, 04:51 PM
Basic eps 10cents.
share price $1.56
PE ratio 15.6
Growth ?
Dividend nil.

kiwi2007

#11
Sep 01, 2022, 06:34 PM
"... Therefore, the Group anticipates its earnings growth to flatten in FY23 as a result...."

Perhaps honesty isn't always the best policy?

Left Field

#12
Sep 02, 2022, 10:24 AM
As well as Loraina's post highlighting the PE erosion (down from 66 to 15,)  around 14 Mill shares traded in last 2 days indicates a big selldown of shares recently out of escrow...... a 'perfect storm' that should have been managed better.

Mind you, some brave souls are buying.

"The difficulty lies not in new ideas... but in escaping from old ideas." (J M Keynes.)

KW

#13
Sep 02, 2022, 10:27 AM
Its the usual story when a roll up business model grinds to a halt.  The share price plummets as the company is no longer priced for perpetual growth.  Plus at some point all these roll up companies are going to have to write down the value of those acquisitions they made at peak price stupidity - those intangible assets dont really exist and are currently being carried far in excess of current market value.
Don't drink and buy shares in a downtrend, you bloody idiot.

Crackity

#14
Sep 02, 2022, 10:31 AM
Quote from: KW on Sep 02, 2022, 10:27 AMIts the usual story when a roll up business model grinds to a halt.  The share price plummets as the company is no longer priced for perpetual growth.  Plus at some point all these roll up companies are going to have to write down the value of those acquisitions they made at peak price stupidity - those intangible assets dont really exist and are currently being carried far in excess of current market value.

And that's before you get to straight out fraud like Intueri......
Print
Go Up Pages1 2 3 ... 11
User actions