DGL (chemical company) : recent NZ IPO. Worth a look.
3 main businesses : - manufacturing of specialised chemicals in Australia and NZ, - logistics and storage of dangerous goods, - hazardous waste management.
Still need to better understand the company, but looks interesting looking at growth, margin, free cash flow. Valuation looks OK with EV/EBITDA of 9.6 (at 1.21 $).
What's surprising : Simon Henry, CEO (and founder) did not sell any share at IPO, escrowed his shares for 2 years and is now buying significant amount on the market (22 % above IPO price).
