October Stock 2021
Published on October 2021
DGL Group Ltd. is a fully integrated, end-to-end specialty chemical supply chain management company. The company was founded by Simon Henry in 1999 and is headquartered in Auckland, New Zealand. The company was listed on the NZ stock exchange on 24th May 2021 for an IPO offering of $1 per share and currently trading at $3.06 giving shareholders 206% return till year-to-date.
The company reported strong growth in revenue, EBITDA, EBIT, and NPAT, with results exceeding prospectus forecasts. DGL is expected to exceed prospectus forecast for FY22 and got a net cash of $43.8 million.