Nice, I bought in a big portion as well. I am working hard to...

Nice, I bought in a big portion as well. I am working hard to save more money to buy more. If the price goes lower, I think it favors us more.

I don't think there is any insider buying at this time, because it will be illegal to do so. Insiders are only allowed to buy shares which all inside material information has been public. This isn't the case because we haven't see anything material since Feb 2024.

Selling down for tax purposes are likely for this moment, so perhaps we can wait longer until June. However, middle of June may have a more detailed business update, which DGL did last year.

My assumption is this, EBTIDA has to be higher than 31M, Simon said EBITDA and profit will improve in 2H. And if they hit 40M EBITDA, then we are likely to have 11M in profit 2H24 and 16M FY24 net profit. This assumption is a solid result in my opinion, and 10 PE ratio for a 20% growing company is really cheap.

I recently compared DGL to SVW, which is also a 50%+ founder owned and industrial business. It has been a 4 bagger since 2020.

Some criteria show DGL is a good buy,
- Track record founder lead business
- Profitable
- Barrier to entry
- Assets backed
- Good cash flow
- Ambitious to grow the business

I hope our bet is right.