Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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No love for pizza these past few days.. taking a major beating and will probably continue until we see some profits or at least sales growth from international. Why take on Sweden and ignore Stockholm is still a big mystery to me.
Well just like the Pizza dough, it has risen nicely back to almost where it was before announcement.
have left the company looking a bit crusty to be fair. Maybe the board are a but stale. Their international performance deserves chucking tomatos at.. Even after a 5.75% fall I am not finding this one appetizing.
Will Domino’s tumble following its first quarter statement on Tuesday?
In a self-labelled ‘mixed year’, Domino’s saw Group system sales rise 9% to £1.26 billion, while UK like-for-like system sales were up 4.6%, only a mild slide from the previous year’s 4.8% growth.
The real focus was the 22.2% plunge in pre-tax profit to £61.9 million as the company incurred charges of £31.5 million, relating to ‘International impairments, UK supply chain transformation and integration costs’. Talking of its International performance, Domino’s said that it had experienced ‘some growing pains’ but now has ‘strengthened’ its management teams.
Given the huge impact its International arm had on its performance last year, the focus of Tuesday’s Q1 update is likely going to be on whether or not there has been any tangible improvement in the division. That is, as long as the UK and Ireland hasn’t seen any issues.
Read what Spreadex analysts have to say, or watch a 60 second preview, here: https://spreadex.com/?tid=390809
No wonder they have plummeted recently those results were hardly inspiring just goes to show how much more people know than us PIs.....
Will investors tuck into a slice of Domino’s Pizza following Tuesday’s full year results?
While the fourth quarter performance in the UK was strong, with a super-charged showing in the run-up to Christmas causing a 4.5% increase in like-for-like sales and a 6% rise in system sales, internationally Domino’s hit a speed bump, where systems sales on a reported basis fell 2%.
Specifically, the troubled integration of its business in Norway – blamed on ‘unseasonably warm and dry weather’ – is causing issues, meaning its underlying pre-tax profit is expected to come in at the lower end of the previously forecast £93.9 million to £98.2 million range. That means it’ll likely see a decline from 2017’s £96.2 million.
Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: https://spreadex.com/?tid=388170
If you're looking to make a quick buck look elsewhere. In the meantime I believe the current price offers a nice entry point for a 5-10 year outlook.
Domino’s in good health, says Peel Hunt
Domino’s (DOM) has shrugged off the negative sentiment of the past year to show it is in good health, says Peel Hunt.
Analyst Douglas Jack retained his ‘buy’ recommendation and trimmed his target price from 350p to 325p on news UK like-for-like sales rose by 4.5% in the fourth quarter, and by 4.6% over the full year. The shares fell 8.7% to 250.1p yesterday.
He said there was ‘negative sentiment’ over the past year related to the UK franchise model but its latest trading update ‘has shown it to be in good health’, although the business still needed to prove itself overseas.
‘The 15.7x price/earnings rating is not strenuous… it represents a low entry point for investors that believe in the long-term merits of a franchise model with a dominant position in a fast-growing traditional pizza delivery market,’ said Jack.
Mostly heard like trend following and short-termism.
What's Liberums issues with #DOM.........morons!
Domino's Pizza: Liberum reiterates sell with a target price of 210p
Maybe Doms should invent a Yoyo Pizza in memory of the share price movement.
At the least the engineered drop has given the city boys and shorters a chance to scoop up some cheap shares. Probably back towards the £3 eventually when it will still be 25% below value last year.
Too late, already back up 5% :(
Profit taking that's all...its risen over 20% from the early December low af around £2.30 it will settle.....drift for a little while then continue in to over £3 - current share buy back is underway....probably by well underway actually. Let the dust settle and this will increase at least £1 over the next 4 months or so.
Absolutely ridiculous reaction but excellent opportunity to buy more at a discount. Once international operations are streamlined we will see profits go up and shares climb. Might as well grab some while they're on sale!
an overreaction to an RNS that was not that bad ? Don'r see how a 10pct fall in the share price is justified especially after taking weeks to get back to the 270 level.
Not a brilliant RNS but UK and ROI doing very well....the SP has already taken a beating will it continue? who knows....
No, I do not think they finished the program before Christmas, using a new technique of buying at depressed share price.
They could have saved the broker fee and got a monkey to throw darts at a share chart instead, only drawback is that you would have to pay the broker to feed the monkey.
Has there been a new share purchase program announced ? as I thought the original one ended 31st DEC 2018 or has it been extended?
The free cashflow yield is about 6.5%, which seems a reasonable level to repurchase shares. The problem is they bought back too many at higher prices! Share buybacks need to be done on the basis of buying back shares below their intrinsic value.
Some info on BBC teletext about row with major franchisee over share of profits.
What’s the general view on the share buyback announcement. I’m new to owning shares and unsure if this is a good sign?
Won’t be many orders this weekend. App problems on mobile devices. When you go to the confirm your order it takes you back to the log in page! Pmsl.
If sterling falls and less go abroad - would that not mean more Pizza's ordered in the UK, and a greater income from those sold abroad when converted back into sterling? No Brexit could be tasty good news for this share if you think about it!
Can’t find any news...possibly profit taking from the recent gain but can’t find any broker downgrades either.... Just Eat dropped 35p (5.65%) today as well, so maybe sector weakness?
anybody any idea why the share price has fallen by 20p today ?
looking at the last trading update this has to be a strong buy pretty much everything on track lots of new openings and revenue up obviously Brexit is having a marked affect on the SP but at some point that will pass and DOM will be priced on fundamentals we also have the stronger part of the year coming so although the SP is disappointing at the moment I do see a lot of positives so I will be adding on anymore weakness GLA