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How to buy Delegat Group shares (DGL)

Learn how to easily invest in Delegat Group shares on the NZX.

Delegat Group is a wine company that invests in wineries and vineyards throughout New Zealand and Australia. If you’d like to buy Delegat Group shares (DGL) on the NZX, keep reading for the steps you need to follow.

How to buy shares in Delegat Group on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Delegat Group. Find the stock by name or ticker symbol: DGL. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Delegat Group reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Delegat Group, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Delegat Group. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Delegat Group overview and background

Delegat bills itself as a “global super premium wine company”. Founded and majority owned by the Delegat family, the group manages three well-known wine brands: Oyster Bay, Barossa Valley Estate and Delegat. The company boasts vineyards in Marlborough, Hawke’s Bay and the Barossa Valley, and its distribution network includes sales teams in New Zealand, Australia, the UK, Ireland, the USA, Canada and China.

The company employs a team of over 400 people and its corporate office is located in Auckland.

Performance and company results

In its 2021 interim report, Delegat announced the following financial results for the six months to 31 December 2020:

  • Operating gross profit of $90.8 million (an increase of 10%)
  • Operating net profit after tax of $43.1 million (an increase of 25%)
  • Operating EBITDA of $76.1 million (an increase of 19%)

Key details

NameDelegat Group LimitedIndustryWineries & Distilleries
Ticker symbolDGLISINNZDGLE0001S3
TypeOrdinary SharesDate listed on NZX28 Jul 2004
End of financial yearJuneExecutive chairmanJakov (Jim) Delegat
Disclaimer: This information should not be interpreted as an endorsement of stocks, ETFs or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Stocks and ETFs trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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