DGL 1.85% 53.0¢ dgl group limited

Ann: Expansion into Automotive Industry - Acquisition of AUSblue, page-9

  1. 492 Posts.
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    Simon Henry stated around 4 months ago that he had been 'allocated' around $160Million to expand the business and make strategic acquisitions.

    I think there's a lot of this amount still to go. Although he has been diluting shares a bit by issuing a lot of new shares in these deals he is making, which is something to keep a careful eye on.

    I still have much faith in Henry to allocate capital efficiently and to ensure it is to us holders and his own long term benefit. He has a winning track record so far in building this company to where it is now and it all basically started from scratch.
 
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