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Thanks theanalyzer. Nice city Bydgoszcz. Unemployment still going down as well.
DPP map shows new store in Bydgoszcz so store 31 and ninth city The rollout continues.
DP Poland Plc a 'double-whammy investment' says Capital Network's Ed Birkin Share 15:10 20 Oct 2016 DP Poland Plc (LON:DPP) has recently raised £3.2 million to accelerate its store opening programme across Poland. The AIM-listed Domino’s Pizza master franchise owner said the extra cash will mean they can add a further 20 outlets to its roll-out across the country – and they’re aiming to get 100 stores by 2020. Capital Network's Ed Birkin tells Proactive: I think they're very exciting. At the moment investors are looking for a safe place to put their money and growth has always been appealing. At the moment they're doing like-for-like growth of 28% and total sales growth of over 70% - so you're getting this double-whammy where you are getting very impressive like-for-like growth numbers which is combined with a strong store roll-out programme.''
On fx revenue and most operational costs will be be Zloty based. Plc costs eg directors fees, AIM compliance costs will be mostly GBP. Strengthing of Zloty will translate into more pounds. This may mean higher sterling losses in short term as they roll out stores as Zloty costs exceed Zloty revenues but also higher sterling translated revenue and over time profits reflected in sterling share price. So in medium term good news in my view.
Excellent news and as you have quoted, a doubling of cities. Things feeling good with another Poland win in the Workd Cup, great for Dominos!
Anyone have any idea on the impact of the weakening pound against the Zloty. Looks like 4.5 to the pound isn't that far away. I remember it was 6 to the pound not too long ago!
DPP web site shows new store in new city Bialystok which is store 30 and 8th city so roll out continues. Up from 23 stores at year end in 4 cities. So 30% growth in store numbers in under 10 months.
Not often on AIM where pricing is at such a small discount to trade price and then rises post placing. The Board are clearly comfortable that model will work across wider scale. I did some quick research looking at top 30 major Polish cities and I got to 81 stores using population density of 100,000 people per store so store target in number terms does look a massive stretch. Interestingly DOM has a much lower population per store number which it is using to drive further growth. I was hoping for a short term drop so I could accumulate more shares but happy to hold modest 12,000 effectively free shares having already recouped more than holding cost.
Excellent summary. And the director buying is very very encouraging. Looking forward to the 75p and the march to £1, no rush, just as long as it takes.
about the future for DPP and I'm in for the long term. This is a really well run company that knows where it is going and what it has to do to get there.
Hope people are still sitting in their 15p buys !!!! :-)
Excellent news. Was going to sell yesterday hoping to buy in lower at 45p-ish. I think I'll hold on for a very long time now. Was a long term holding for me anyway. Hopefully will add when the price settles abit.
wouldn't exactly say its been a 'slow' journey :)
Making a slow journey towards the 60
Should see a good rise today!
What the brokers are saying… There has been some underlying growth in protein prices but overall food costs/revenue improved as a result of increased volume discounts and the efforts of the procurement team. Peel Hunt’s Ivor Jones says a number of factors make DP Poland appealing to investors, including the fact is on the path to profitability. “The 1H16 results have not changed our view of the trajectory of profits but we believe it is clearer that the Group has a sustainable business well on the way to critical mass and, in due course, profitability.” Jones also expects the standing DP Poland enjoys among its franchisees to rub off on potential investors. “The third sub-franchisee opened their first store in April and their second in June; the fourth sub-franchisee opened their first store in August and two corporate stores have been sold to franchisees this year,” said Jones. “We believe that the growing credibility of DP Poland with franchisees will increase its credibility with investors.” Jones added: “DP Poland is now in seven cities, adding three this year. Continued expansion outside the capital validates our view that it can build a national business.” What it’s worth… DP Poland has enjoyed a solid 2016 with the share price more than doubling in the year so far. The stock currently sits around the 50p mark, which gives DP Poland a market value of around £65mln. Peel Hunt says that there is still some headroom for share price growth however, and thinks it can add as much as another 50%. The broker has reinstated its target price of 75p, adding that trading momentum should “drive the share price further ahead”. Tom Howard
Peter Shaw talks to Proactive Investors http://www.proactiveinvestors.co.uk/companies/stocktube/6004/dp-poland-plc-talks-rising-dough-from-sales-growth-and-dominos-pizza-store-openings-in-poland-6004.html
Continued growth and losses more than halved in 12 months. Can't help feeling that this growth will result in profitability next year and with the potential for dividends thereafter. That should then attract corporate investors and who knows, a FTSE listing. Strange that the markets has shrugged its shoulders at these results. Perhaps these growth figures were boringly expected yet again but have they read the financial bits ? Along with DOM, am in here before its popularity exceeds my investment limitations. Anyone hazard a guess that DOM are watching like hawks and might one day want to acquire all the shares.
Nice! 15 consecutive quarters of double digit like-for-like System Sales1 growth, Q4 2012 - Q2 2016 Like-for-like2 System Sales (PLN) up 28% H1 2016 on H1 2015 Total System Sales up 57% H1 2016 on H1 2015 · Corporate store EBITDA +104% H1 2016 on H1 2015 · Commissary gross profit3 +143% H1 2016 on H1 2015
DP Poland Plc (LON:DPP) will be releasing earnings on Monday, September 19. Fingers crossed!!
A brief dip and then back up. Should settle in this sort of range unless results are good enough to push to the next trading range. Enjoying the ride.
The Company will release its interim results for the first half of 2016 on 19 September 2016.
When are results due?
A good buying time, results coming soon, 55p - 60p range if strong results, imo!