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Dominos Pizza Share Discussion Threads
Showing 3926 to 3949 of 3950 messages
|Credit Suisse raised their PT to 475p from 430p; "outperform'.|
|Numis note yesterday:
Ahead of today's capital markets day DOM has announced that it is increasing its
long term targetfor the UK to 1,600 storesfivm 1,200 previously At the current
run rate, this equates to more than 8 years ofestate growth at 6% CAGR. The group
continues to trade well and management is reiterating FY guidance.
Increasing UK store count opportunity by 33%. With the continued strong store
performance and successful strategy ofsplitting territories, management is
increasing its long term targetfor the UK to reach 1,600 stores (timing undefined)
from its previous target of1,200. With 80 store openings planned this year, taking
its store count to c.950, this run rate suggests more than 8 years of estate rollout at
a CAGR ofmore than 6%.
At this point, there would be one storefor every 33k people, which compares to DPE
which is targeting one storefor every 21k people in Australia by 2025.
• Upside risk to DCF valuation: We currently assume 6% p.a. revenue growth in the
medium term in our DCF, comprised of 3% LFL growth and 3% estate growth. Each
lppt increase in our revenue growth assumption adds 18p to our DCF valuation.
• International to be a meaningful contributor: With c.100 stores across Ireland,
Switzerland and the Nordics by the end of2016, management has identified
opportunities to reach 400 stores. We currentlyforecast minimal store growth in
Ireland or Switzerland by 2020 (+14 and +19 stores resp.) suggesting material
upside to our store targets, in particularfivm the Nordics where there arefewer
than 35 stores.
• FY16 guidance unchanged: The group is trading well and PBT guidance remains
unchanged (NSe L83.3m). A rephasing ofsupply chain centre projects means capex
in FY16 will be c113m lower than previouslyforecast. Demonstrating capital
discipline, surplus cash will be returned to shareholders through buybacks albeit
the current programme has been paused as it resolves an issue.|
|For me there is 50p++ upside in the stock from this level|
|Good evening philanderer. Thanks for posting the broker recommendations. Yes, I've been a happy shareholder for more than a decade now.
Notice how the best quality businesses seem to attract the least traffic on this website? Glancing at the stocks attracting most comments, many punters seem to be speculating on oil, gas and energy stocks or the next hot tech stock...|
|Evening robin , I think we`ve been here for quite a few years now :~)|
|The Capital Markets Day webcast is well worth watching...lots of interesting facts and figures on the business. I never knew the Icelandic people loved pizzas so much! Still plenty of growth ahead.|
|Numis 'buy' tp 446p reiteration|
|That chart downtrend almost reversed with today`s news .|
|Cheers fastbuck, I guess it's the same situation for DOM's competition also so all relative! Interesting though to see if food inflation in the supermarkets means more will look at the take-away menu!|
|Dealer1972, heard a short interview on BRR media, no doubt covered more in the conf call, yes food inflation from forex movements principally will be a cost that Dominos are passing onto their franchisees /consumersThis won't be the first time they need to raise prices, not sure how much that will mean to the average 12 inch pizzaOverseas operations profits of course, if profitable is a benefit|
|Lewis,we have a local Italian owned pizzeria place round the corner and I understand they make great pizzas according to my friends.I haven't tried one because I'm more likely to pop a pizzaland supermarket takeaway job in the oven once in a blue moon.Not a big Pizza eater.Family businesses are invariably up against it on a number of fronts.Curry houses,for example,are closing rapidly because young Bangladeshis are keener to make a living in electronics say than serving ingrates poppadoms.Its not easy to get permanent labour etc and i think Dominos Pizza are much more likely to overcome labour and other problems than some family owned concern.Hence,my comment about logistics.Also,take someone like Macdonalds,frankly I think their burgers are questionable BUT kids are devoted to them and their French fries are very popular.There's no accounting for taste.You're clearly a pound conscious Jamie Oliver!Hell of price recovery today,shorts closing I guess.|
|I think it's rare that anyone pays full price for a pizza at Domino's, there's always voucher codes on various websites where you can get up to 50% off. On the Domino's website they even have a blog where you can play a game to increase the discount.
I think with Domino's you always know what you're going to get in terms of quality & consistency. With the independent places both will vary wildly.|
|Lol that is true. To be honest the likes of Pizza Hut, Pizza Express etc I find are priced far too high but always found Dominos fair value particularly the deals! Other than the supermarkets I can't buy Pizzas much cheaper! I guess my only thoughts on the price drop was around whether Dominos imported any ingredients from Europe and in light of the fall in the pound would impact costs. Anyone know Dominos exposure on this?|
You miss the point, its not about logistics its about local outlets doing it better and cheaper so why should I pay for mass manufactured dough at two or 3 times the price.
Dealer, I'm sure you meant no offence to the Northern half of the country. I did forget the southern states like to pay twice as much for same things. £18 for a pizza, seriously!! I can get 3 * 12 inch pizzas for that just like mama used to make :-)
|And all for £15! Where do you live, Middlesbrough?|
|What a pleasant pastoral scene you paint.Happy families using their local,village pizzeria making authentic meals 'liker my mama made'.Whether such shops are up to competing with Dominos logistically I wonder.|
|Fact is overpriced pizza is going out of fashion.
The emergence of great local pizzerias with quick delivery and their own website ordering through or outside of hungry house and just eat means why pay through the nose for mass produced guff.
I can feed the family of 5 for £15 locally and delivered within 30 mins. Excellent home cooked fayre.
£2.50 for this one
|Is it a massive volume of buy trade went thru at the end of the day? Please correct me if I m wrong. Cheers|
|Today's conference call
|The consensus for the year to end Dec 2016 is around 13.5p rising to 15.2p to Dec 2017.Thats a pretty full valuation.|
|or if you prefer ... Cenkos says 'sell'
|Numis reiterates 'buy' on Dominos Pizza
|The trading update is disappointing, growth too weak.|
|What is the eps forecast for the full year please?14p or so?|