Was the market expecting better half year numbers?
Suet |
Deferred FY19 dividend of 5.56p to be paid on 19th September.
Next dividend for FY20 to be reviewed in March 2021 with the preliminary results.
Suet |
Trading statement tomorrow I believe. |
Interesting RNS holding update - the supportive buying on the AGM trading update day, was the NED. |
Domino's Pizza, down 3.6%. Berenberg cut the pizza chain to Sell from Hold. |
Thanks at least they have caught up and now have vegan pizza |
@Izztre
Yes, I think it is about what the markets were expecting and that was thinking sales are up so profits will be up especially with not as much disruption compared to others in the sector.
Domino's sales could also slow now that other fast food chains have reopened. |
Good price to take a position.... |
usual advice.. :-)
Liberum reiterates 'sell'
Peel Hunt reiterates 'buy' |
Is today's reaction to the update overdone?I would say a slight fall in profits is not too bad in the current climate. However I guess it is all about what the market was expecting |
Peel Hunt 'buy', new tp 375p ....up from 350p |
Thanks for your post Robinnicolson.
I missed that update.
I now know how I will vote on all the resolutions.
AGAINST.
This is abysmal treatment of the long suffering shareholders of Dominoes.
I for one would like to see the directors take a large pay cut, as they seem to think its OK for the shareholders forfeit the dividend.
Santos123 |
From the Covid-19 update on 27 March:
The Board has already overseen actions taken on costs and capital spending and continues to carefully assess all remaining essential spending in order to protect our liquidity. Although our performance and liquidity position remain strong, given the volatility of delivery sales and with an uncertain outlook, we are taking a cautious and prudent approach and therefore the Board has decided to suspend the final dividend payment of 5.56p that was announced as part of our full year results on 5 March 2020. The Board will keep this matter under review in the coming months. |
I have just received the voting forms for the this years A.G.M.
There is NO resolution regarding paying of a dividend.
I have tried phoning Dominoes, but they will not answer the call.
Does anybody here know anything about this years dividend?
Santos123. |
Looks like 2 good board appointments.
Suet |
Nice move up today with strong afternoon volume in a falling market. Seen stories in local media about stores tripling usual sales on Friday and closing early after selling out of food. Will perform well during lockdown and hoover up takeaway market share but remains to be seen whether these extra sales will be sticky. |
I was slightly concerned about the future of this share. And thought the banks and insurance companies would be ok. After today I'd better buy some more dom quick!
Suet |
Domino's: Canaccord upgrades to buy with a target price of 320p. |
Here in New Zealand we have a lockdown. During the lockdown all takeaways are closed and deliveries of cooked food prohibited. All Dominos outlets are closed. Supermarkets can deliver food orders.NZ chose to go straight to a severe lockdown rather than gradually increasing restrictions. Everyone must stay home. All businesses are closed, except supermarkets, pharmacies, gas stations. We are starting our 5th day of lockdown. We are not allowed to drive except to local essential services. There are very few vehicles on our roads, which makes it easy for police to stop and check. |
Domino’s UK looking to hire 6000 staff to meet demand for delivery, according to FT article this weekend. Most of the fast food competition has vanished overnight, i.e. McDonalds, KFC, Burger King, Subway, Greggs, Pret as well as the casual dining chains. Excellent hedge against prolonged covid-19 lockdown IMO |
Trading looks ok. Dividend suspended.
All in all not too bad.
Suet |
Nice rise today. But will Boris close takeaways?
Suet |
Domino's Pizza in the USA are hiring an additional ten thousand people to cope with the increased demand, so I presume Domino's in the UK are taking similar action. |
Do we know if takeaways are booming right now given the self isolation views welcome....? |
OK so takeaways still permitted. This should help dom. Today's announcement is really bad news for the hospitality industry but I suppose it was inevitable. Hopefully an exit will come along sooner rather than later.
Stay safe everyone.
Suet |
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