Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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That's the slight dip I was on about. Now a slight improvement in the share price expected. DYOR.
I really hope we start to see what has long been forecast - a significant reduction of group EBITDA losses in 2020 and 2021 as we move to a projected cash flow breakeven in 2022.
Of course a trading update will just be the like for like sales.
That's good news. Looking forward to an update! I expect a small dip before then, then a nice rise just after 9.5p not long now.
Trading update to be released 26 June with AGM.
I welcome the more cautious approach as the current situation may go on for some time. Hopefully a corner has been turned.
Currently breakeven on this share, would like to see it it in the 15-20p range sometime next year.
Agreed, would have liked information about the last couple of months. 2019 was as expected. But I don't expect the next update until July or August now and for that reason I'm downgrading to hold. I think it will be next year before they turn a profit but being on takeaway.com seems positive. More online sales also helping as is cheaper labour and food costs. This should last for a while IMHO. Good luck all holder's.
Shame they didn't give more information of current trading this year and certainly in the COVID period.
Agree, ijr1 - I've been topping up early this year, 6-7p.
In Poland restaurants, pubs, clubs and casinos are closed, but home delivery services are allowed. Domino's UK has been performing well on the back of this. I'm sure all delivery services have been doing well in Poland as well. Poland will gradually lift lockdown from Sunday as they went into it before the UK. I expect the next update in June and and announcement in May. On January 9th I recommended buying these shares at 4.75p. That advice still stands. DYOR.
Where did they say the accounts were 'not being signed off'? I think they merely said they were delaying announcement of the results due to the FCA and FRC guidance and their two-week moratorium on financial results.
Don’t like the accounts not being signed off at all ADM. Good to see the brisk business my mate told me about is true. GLA
They recently said:
'DPP announces that, whilst the Board had declared an intention to announce the Group's audited results for the year ended 31 December 2019 on 31 March 2020, it has decided to delay the announcement after considering guidance recently issued by the Financial Conduct Authority and the Financial Reporting Council. The Board has also discussed this matter with the Group's advisers.
The original reporting date falls within the two-week moratorium recommended by both bodies and the Group will, therefore, report no earlier than 6 April 2020. We are choosing not to set a revised announcement date at this time, mindful that any new commitment could be impacted by further regulatory guidance. We will commit to a new date as soon as the regulatory background becomes clearer.
In line with our announcement on 7 February 2020, the Board expects to report full year results for the year ended 31 December 2019 in line with management expectations: System Sales up 13% to approximately PLN 81m and 3% like-for-like growth in System Sales 2019 over 2018. Cash at bank as at 31 December 2019 was £3.6m; control of cash and costs remain key areas of focus for the Group.'
For current trading, they said:
'DPP therefore continues to trade, making deliveries from all of its 69 stores. The Group's high level of online ordering of delivery sales (82% in 2019), which supports online payment for food orders, is proving attractive to customers in the prevailing environment. In addition we have introduced a Contactless Delivery and Contactless Carry-out process for customers, which have been well received. Eat In dining has stopped altogether for the present.
Meanwhile, we are currently seeing reductions in the cost of ingredients, particularly in cheese - a key component of most pizzas. In addition, in recent weeks the recruitment market has improved markedly for us.
Our first priority is the health and wellbeing of our people. We follow the health and safety recommendations of the local and national authorities in Poland.
Overall, the situation is changing rapidly, and it is difficult to foresee the potential impact on our business and the further threats and opportunities that may await us. As such, there is little visibility on the potential full year outcome for our 2020 Financial Year at this time. However, for so long as we are permitted to continue to sell and deliver great pizzas to our customers we believe that we are well placed to trade relatively well during the lock down. Nevertheless, we cannot anticipate how our customers might react to circumstances, which change almost daily.'
Labour and ingredient costs are a large component of expenditure, so these comments are promising. Provided all stores can continue to operate and deliver pizza, they may do reasonably well this year.
Last update said year end results would be published 31st March. Anyone know what happened? A bit concerning.
I tried to get a quote to buy 300,000 shares today but couldn't. DPP is not liquid!
Good news Monty888 on the report from Poland - anecdotal evidence has its place and we also know that ingredient and labour costs have been reduced which is good news as well.
Great that they are still operating and I guess providing an important service. The will miss out on Euro 2020 and the Olympics this year. They really weren't big buys. By value they are very small fry and there is a big spread.
Mate who works in Poland says his local is really busy. Lot of people ordering on line, pizzas taking up to an hour to arrive due to the order backlog. Can see some really big buys going through past few days.