Pretty sure Germany isn't part of the general international departure.
DPG do have a put option to sell its 33% Germany stake to DP Enterprises from Jan 2021 and DPE has a call option to buy from DPG starting in Jan 2023. |
£9m cash cost for the sale, not too bad. Interesting that they will own 100% of Domino's Sweden as part of the transaction. It'll also be interesting to see what they get for Iceland and Swizerland. Maybe a few quid for Iceland, and Switzerland will cost them a few quid? Germany is clearly an asset tho. |
 Looks like they found a buyer for the Norwegian business:
Domino's Pizza Group Plc
Proposed Disposal of the Norwegian Business
Domino's Pizza Group plc ("DPG" or the "Company"), is today announcing that, conditional on shareholder approval, it has agreed to sell its entire shareholding in DP Norway AS ("Domino's Norway" or "DPN") to Pizza Holding AS and EYJA Fjarfestingafelag III EHF, the existing minority shareholders ("Minority Shareholders") in Domino's Norway.
Transaction Summary
· Provides a complete exit for DPG from Norway for a cash outlay of up to £7.0 million, in addition to funding DPN's losses to completion
o DPN reported an underlying operating loss before tax of £6.6 million for the year ended 31 December 2018
· Facilitates an orderly exit from PPS Foods AB ("Domino's Sweden" or "DPS") in due course through the transfer of minority shareholdings in DPS to DPG as part of the transaction
· Transaction subject to shareholder approval and has unanimous support from the Board of Directors of the Company who intend to recommend that shareholders vote in favour of the resolution(s) to approve transaction at a General Meeting to be convened in due course |
So the pizza price has gone up from it's peak of £18.99 to £19.99 wow. Chicken Kickers price increased from £5.49 to £5.99. |
Yeah but your post implied that it was generally accepted wisdom - which it isn't |
Isn’t that true of all posts on any BB unless they simply state facts? |
In your opinion |
People eat pizza, I collect dividends. I also eat pizza |
It's gradually sinking in with the market that this is an expensive, relatively low growth business with limited prospects and lots of operating problems.
One caveat though - the new NED (who bought in at high 200s+) must be looking for a 15% CAGR return over the next 2-3 years...? I wonder how he anticipates that this should be achieved?
Good coverage of this by Bryce Elder on Markets Not Live yesterday for those who want to hear what the analysts have to say.
Good luck, long or short. |
Shooting star from 31st Jan still in play. Needs a close above 320 to reverse it. |
As you mentioned Tesla; I do get it, shorts are part of the ecosystem. But this move is a win for science and technology and I hope the shorters go bust up there! Well done Tesla! |
Learn what moves markets when |
Not an awful lot. On the analyst call this morning it was pointed out that the number of orders is basically flat, it's just inflation driving sales.Surprised at the market reaction here this morning. |
How much steam is left for DOM to grow? Has this become or about to become just a steady-good-revenue type of business? How are you analysing the future? |
Reassuring. |
you playing the trend here DavROs? |
Nice rise but hardly a short squeeze - go look at Tesla if you want to see one of those |
"Short squeeze?"
Could be, I'm not sure what part of the announcement would have caused the shorts to run for the hills - the best bit was, UK sales. |
Short squeeze? |
Looking at yesterdays (Friday 31st Jan) volume and the shooting star candle formation, it looks like a decent short set up here. Chart would suggest 290 retest , and if it doesn't hold, 270 shortly thereafter. |
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