The trading update this morning has disappointed however I still consider DGL a sold business and I'd be reasonably confident it will sell off significantly today which may present a longer term buying opportunity over the coming day's....let's see what happens!

Any chance of securing another meet with DGL?

AFR reported that it was because whilst profit was on track, cash flow was not. This article was published on Sunday:

DGL Group CEO defiant after market rout

http://www.afr.com/markets/equity-markets/dgl-group-ceo-defiant-after-market-rout-20220902-p5beup?btis

(for those of you that subscribe)

Organic growth no longer there.... is my guess

Why have so many shares of DGL been dumped on the market in the last few days causing the share price to drop like a stone?

Hopefully I'll find time to delve into DGL financials tonight/tomorrow however on a real quick look (not even a read) it certainly looks as though the sell off is way overdone....maybe I'll be proved wrong once I've had a good read?

Appreciate insights from other holders here if you've had time to review?

DGL update that the twisted wrist apology has been delivered.

I sold this a couple of weeks ago as this guy seems to have habit of getting himself bad press for stupid stuff.

@Saiton

I think you'll find the "pop" was as a result of a recent buy recommendation by a stock picking service.

DGL popped this morning ~12% up on no news. ?????

DGL is specialty chemicals and dangerous goods business. It was founded in 1999 by current CEO and Founder Simon Hengry. DGL Group operate from 26 sites in Australia and New Zealand, and has 140,000 tones of chemical manufacturing capacity. One of its big customers in Australia is the agribusiness group Elders Ltd. 

DGL’s services are offered through three divisions: 

Chemical Manufacturing 

DGL’s Chemical Manufacturing division produces its own range of specialty chemicals and undertakes advanced formulation and contract manufacturing on behalf of third parties. Operations are focused on deriving chemicals from complex reactions in controlled environments. Using internally developed intellectual property, the division manufactures trademark brands including the Hardman water treatment range, Alset and Chempro AdBlue.

Warehousing and Distribution 

DGL’s Warehousing and Distribution division offers transport, logistics and warehousing services focusing on dangerous and hazardous goods across Australia and New Zealand. The division also manages logistics and distribution for other goods including food, pharmaceutical products, agricultural products, security sensitive goods and temperature-controlled products. 

Environmental Solutions 

DGL’s Environmental Solutions division is focused on resource recovery and waste management. Its core activities comprise liquid waste treatment, end-of- life lead acid battery (ULAB) recycling and lead smelting, and refining. ULAB recycling is undertaken at two EPA licensed recycling facilities located in New South Wales and Victoria. The division relies on an established and mature collection network of suppliers located throughout Australia. ULABs are recycled in state-of-the-art recycling facilities which are highly automated. The primary outputs from the ULAB recycling process are lead products, scrap plastic and waste. 

Buy the business, Invest in the Founder- fantastic personal quotes in the article below. Examples of patience, timing and illustration of- inch wide & a mile deep knowledge of his chosen industry. A company to watch after an oversubscribed IPO providing excess capital to execute.

Business model provides warehousing, on-time distribution, contract manufacturing using its valuable IP in formulation for a highly regulated niche industry. (DGL website)

Source: NZ Stuff Business Sept 27 2017

Source: Simply Wall St- Simon Henry Ownership DGL 58%

'Henry is familiar with the business of chemicals logistics, having acquired companies involved in chemical storage, and water and waste treatment companies in New Zealand and Australia.

Born and bred in Rangiora, Canterbury, Henry made his early forays into the commercial property market after the 1987 share market crash which created opportunities for canny entrepreneurs.

It was arguably more significant for New Zealand than subsequent market melt downs including the 2008 global financial crash when most finance company investors were bailed out by a government guarantee.

Henry said Christchurch represents good value for money while the other markets are probably over-priced.

"It's a good place to do business and I know the market. In other markets, there's a lot of foreign money coming in and it can be a bit blind – it tends to be more about money looking for a home rather than money looking for a good investment.'