Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Wed, 8th Jun 2016 07:46 LONDON (Alliance News) - Pizza delivery operator Domino's Pizza Group PLC on Wednesday said it has invested GBP24.0 million to acquire significant minority interests in the Domino's Iceland, Norway and Sweden units. Domino's said the acquisition of the stake marks an agreed future route to majority ownership and control of the master franchisees for the Domino's businesses in the Scandinavian countries. It is acquiring the stakes from Birgir Bieltvedt, the chairman and founder of Domino's Iceland, and certain other investors. Following the investment, Domino's Pizza Group will own 49% of the Iceland business and an effective 45% in the Norwegian and Swedish businesses. It has the option to by the remainder of shares between 2020 and 2023. "We are delighted to be investing in these exciting markets, which hold great potential for the group. Our skills in e-commerce, marketing and supply chain will complement the excellent local know-how of our partners in Iceland, Norway and Sweden and help to grow the Domino's brand," said David Wild, the chief executive of Domino's Pizza. Domino's said the transaction, funded from existing cash resources and debt facilities, will be earnings enhancing on an underlying basis in 2017.
I had a year end target price of between 35-40p, looks like that may be reached way before then.
DP Poland Plc (LON:DPP) hit a new 52-week high and has GBX 86.57 target or 191.00% above today’s GBX 29.75 share price. The 5 months bullish chart indicates low risk for the GBX 38.75 million company. The 1-year high was reported on May, 25 by Barchart.com. If the GBX 86.57 price target is reached, the company will be worth GBX 74.01M more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 4.39% or GBX 1.25 on May 24, hitting GBX 29.75. About 974,550 shares traded hands or 578.83% up from the average. DP Poland Plc (LON:DPP) has risen 51.59% since October 20, 2015 and is uptrending. It has outperformed by 50.86% the S&P500.
Does anyone know why? Not that I'm complaining....
More good volume
http://tinyurl.com/z7j3bbo DP Poland Plc (LON:DPP) chief executive Peter Shaw believes that the company will continue to grow throughout 2016, after it recorded its 14th consecutive quarter of double digit like-for-like system sales growth in the first quarter of the year. “The consumer economy is strong in Poland, people seem to be excited by the dominos offer and I certainly believe we will continue in the same vein,” he says. Shaw also announced that DP Poland is to open three new stores outside of Warsaw, two of which will be “in existing cities where [DP Poland] currently [has] stores, and also there’ll be one new city in there as well”. For the time being, he says he won’t reveal the name of the new city, citing “competitive reasons” for his desire to keep the location under wraps.
Three further stores already under construction or 10 per cent increase in store numbers and third sub franchise both of which will help speed of store rollout. Performance outside Warzaw also sounds strong
should be good for sales.They seem to have a lot of money in the bank and Shaw said they won't be tapping the market again in the near fiuture. Looking quite good for an AIM company, if you compare them with the majority on offer.
The rollout continues I note last year they added 5 stores in year taking total to 23 at end of year were most added late in year So far in 2016 they have added another 3 stores The accounts suggests it cost around 120,000 to open each store and the top three stores last year made about half of that in EBIDTA As portfolio grows it will self fund rollout
today, almost 1 000 000 bought, shame the price only rose 0.25p on the back of that.
Most likely because they have a higher purchasing power
Thanks. From my experience of Polish students visiting the UK, they are certainly avid pizza eaters!
DOM in uk is still adding new stores and has been for around 15 years and is still growing sales and profits and it has over 850 stores for around 70 million people in uk Poland has around half that number of people and 24 soon to be 26 stores so lots of room to grow provided people in Poland like Dominos as much as UK versus other takeaway pizza choices The key point for me is as number of mature profitable stores grow as evidenced by like for like sales growth and being ebidta positive every month last year the cash burn associated with new stores in terms of leasehold costs and equipment and new branch start up losses has less of an impact on overall business The rollout over time builds should generate economies of scale on fixed elements of Plc costs and other overheads plus each new store should over time be profitable (if not it gets closed) DPP have to manage speed of rollout to ensure they don't require constant cash injections but as business grows it might be easier to get debt funding versus solely equity funding Now that DPP are in 5 cities as opposed to just Warsaw and Kraków we can start to see if concept will get wider traction in more cities. Poland is less densely populated than UK so I suspect the stores will be based in bigger towns
Has anyone an idea of how long this rollout phase is likely to last?
I made a lot of dough (sorry couldn't resist) in DOM hope to replicate over time in DPP I like the fact that losses in recent new openings have been better than expectations this will help reduce cash burn on store roll out Also interims should show impact of late 2015 opening programme start to flow through Hopefully as concept is now more proven let's hope there are a few uk Dom franchisees who fancy growing in Poland as opposed to buying off the corporate which could further accelerate rollout At current market cap valued at over 1.5 m per store which is too high but should drop as store rollout grows
http://tinyurl.com/hwgm4g2 Peter Shaw, chief executive of DP Poland plc (LON:DPP), says the company is in a “great position” and that he expects the firm to “put its foot on the accelerator with store roll-outs and driving sales”. He speaks to Proactive Investors as the Domino’s Pizza franchise holder for Poland released full year figures for 2015, which showed strong sales growth and an improvement in underlying earnings. Last year marked a step-change in that corporate store EBITDA went to a positive £174,000 compared to a loss of £254,000 the previous year, and Shaw says “we deliver a great service, it’s a great product, and it’s really as a result of our sales and marketing efforts over the last few years.”
Couldn't agree more, I'll be holding these for at least 5 years, at which time they should be on a high multiple of the price today.
Couldn't agree more, I'll be holding these for at least 5 years, at which time they should be on a high multiple of the price today.
Great long term hold this company with some serious upside this year
As number of mature ebidta positive units increases this creates more positive casflow which means company can open new units which take time to become cash flow positive at a reduced risk of needing a further placing
Didn't quite get the meaning of the last part of your last post. Did you mean that more units increases or decreases the risk of a new placing and therefore a greater dilution?
As number of units grow there become more mature stores over time which are typically cash flow positive (according to DPP) and help fund new stores and risk of new placing and dilution.
Hi Slipperslope, I recently wrote an article on the history of the pizza. Did you know that the Margherita pizza was made specially for Queen Margherita of Italy around 1889. It wasn't called that when they gave it to her. They named it after her because she liked it so much. That's not investment advice, by the way.
I hope you're right, but last year they fell after results. They may not do all that well in the short term but long term I think that they will do exceptionally well.
Will stay steady up until 21 March, then BOOM