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I failed to mention I averaged down to 293p. My biggest lose by far. I'm sure it will get a bump up some time. D.
I presume I am not the only one baffled by this share's fluctuations - and devastated by their impact on my holdings. Here below is the only outside summary I have seen of the morning's news so far. Hard to see much wrong. Domino’s Pizza, down 7.9%. The takeaway pizza chain raised its interim dividend by 7.1% as it reported a strong rise in both revenue and profit, helped by the addition of 40 new store. Domino’s said pretax profit rose 13% in the 26 weeks ended June 25 to GBP46.2 million from GBP40.9 million the prior year, as revenue rose by 20% to GBP211.2 million from GBP176.4 million. The company increased its interim dividend to 3.75p per share from 3.50p a year before. It also said it intends to resume share buy-backs “shortly”. Analysts were concerned by Domino’s like-for-like sales growth of 2.4% for the first half, with Numis saying the figures were “soft” and Liberum saying a “declining like-for-like sales profile is impacting underlying margins”.
Not taken well then with 7% drop
Haha. I have the opposite problem. The instant theres a sniff of profit she wants to sell. Getting more than 5% up and she gets an itchy sell finger
Don't think I'd enjoy their pizza much at present got an average of 293p. Wife and I don't talk much about shares, not since "I" her word talked her into investing "£500 of her money " in gkp. To be fair to me, and she's not they were 68p at the time. It was heaven when the boat sailed away to 440p. But it was hell when the boat sunk and she was still on board. Subject still comes up occasionally. However much I try to avoid it. D.
Wife won't let me buy pizza from them. Seems less concerned about me holding their shares. Odd
Now if only our profits would drop 60% like spd we would be onto a winner here. D.
this share is a bargain - should be at least 320p imo
Just sold...made a little bit and thought let me get out.... Just bought royal mail. Thanks for the help guys ;)
At these levels. Cash cow this puppy is despite slowing growth
Yes is my opinion. Over time these have been an amazing share. Now is a good price, I try not to guess the top or bottom but see these going north again very soon. BT may fall slightly more but still a good business long term. Dpp exciting, but currently no dividend's. All the best.
Just bought these...did i do right...was debating this or bt...decided to go with this...did i do right?
I'm long Dominos mate, calm down. I don't have my head in the clouds and wearing rose-tinted glasses when it comes to Dominos. I think they'll be fine, but are struggling to show confidence to the market currently. I was sharing that news to the wider audience.
Liberum started coverage of the pizza chain and of the restaurant and pub operator at Sell. "We believe Mitchells & Butlers and Domino’s will face structural challenges and should be avoided," Liberum said.
If you mean short today - It's recovered slightly now lol only 2% down rather than 8-9% start of the bell! So ya might have saved yourself a few quid today lol! If you mean short from last week - I agree ;)
Wish I had shorted it now.
BERENBERG CUTS DOMINO'S PIZZA TO 'HOLD' ('BUY') - TARGET 325 (400) PENCE
Well so far, investec!
of all the brokers mentioned....let's see who gets its right or comes the closest!
Domino's Pizza Group PLC. (LON:DOM)‘s stock had its “buy” rating restated by equities researchers at Numis Securities Ltd in a report issued on Friday, June 9th. They currently have a GBX 510 ($6.50) price objective on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 72.88% from the company’s current price. A number of other brokerages also recently issued reports on DOM. Peel Hunt downgraded Domino's Pizza Group PLC. to a “hold” rating and decreased their price target for the company from GBX 430 ($5.48) to GBX 400 ($5.10) in a report on Thursday, March 9th. N+1 Singer reissued a “hold” rating and issued a GBX 390 ($4.97) price target on shares of Domino's Pizza Group PLC. in a report on Thursday, March 9th. Canaccord Genuity boosted their price target on Domino's Pizza Group PLC. from GBX 400 ($5.10) to GBX 440 ($5.61) and gave the company a “buy” rating in a report on Tuesday, February 14th. Berenberg Bank reissued a “buy” rating and issued a GBX 425 ($5.41) price target on shares of Domino's Pizza Group PLC. in a report on Thursday, February 9th. Finally, Citigroup Inc. cut Domino's Pizza Group PLC. to a “neutral” rating in a research report on Monday, March 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 400.60 ($5.10).
t was a domino effect that no company, or its investors, ever likes to see. First came the analysts’ note, then a rush for the exit and a consequent slide in the share price. And all this for a presumably unimpressed Domino’s Pizza Group, confronted with talk of a possible waning in appetite for its wares. Investec started the chain reaction with a “sell” rating on the FTSE 250 company, citing rising competition and discounting in the takeaway market. Down went the shares, closing 20½p off at 295p. The chain’s main customer base of 18 to 34-year-olds was “becoming increasingly value-driven, which could limit any future upside to gross margins”, the analysts said, adding that “increasing health consciousness could put further pressure on volumes”. They noted that the most popular pizza on Domino’s menus was the pepperoni passion, which — with 1,813 calories — covered 91 per cent of the female daily recommended intake and 73 per cent of that for men. Initiating coverage with a target price of 271p, Investec predicted that the rise of digital competitors such as Just Eat and Deliveroo would put pressure on Domino’s like-for-like volumes. It also told clients that, while “aggressive discounting” by Pizza Hut had forced the company also to cut prices, Pizza Hut’s offering remained “significantly cheaper”. https://www.thetimes.co.uk/article/pizza-calorie-count-weighs-heavily-on-dominos-fpjgspd7d
Im confused myself. Have info that the sales are hitting target for next months update. Hopefully this should go back up before the update is out!
Blimey, what is going on here at the moment? We're in freefall! My stake in this share isn't as big as it was six months ago, but this still smarts. Fingers crossed for a turnaround shortly.
@Samuel264 - As per request from my post this morning. http://www.lse.co.uk/ukMoneyNews.asp?code=kdb7o4q6&headline=BUZZDominos_Pizza_flirts_with_16mth_low_as_Investec_starts_with_sell_rating
I've been in this share for the last 4 months, more of a long term holder after a report I saw on Bloomberg...so your assumption of me being a shorter has been burnt! Investec should realise the marketing for Domino's has gone down significantly this year - So that should have an impact on the P/L...the summer tends to be a slow down especially with a lack of Big sporting events....Also with a weaker currency their group profits is marginally higher..again Investec needs a bit more specifics on the bigger picture. Oh well..dead cat bounce by tomorrow midday ;)