Strange, I would have expected you could have talked to someone either during or after the meeting.
You should expect DP Enterprises to exercise the call option early in Jan 2023. They value the put option as a potential liability of c£95m currently so the call price should be higher (and reflect an extra year's growth) at say £125m. So perhaps there might be a special dividend from DP plc early next year. |
Hi AA29.
I did not gain any insights.
I asked the chairman 2 questions about the German investment, and the 'put' options the company has, this will change at the end of this year, and the options will go to the owners of the German franchising company as a 'call' option.
The Chairman refused to answer my questions.
Seems very strange to me that a shareholders 2 question are ignored in a shareholders meeting, A.G.M.
Most companies use there shareholder meetings to engage with individual shareholders, which has been the case in previous Dominoes pizza A.G.M.s
So AA29, I was not impressed with years A.G.M.
BRIAN3777 |
@brian3777 It may have been a waste of cash for them but what insights did you gain? |
Hi Powered D.
I went to the meeting.
Must have cost a quite a few quid for the venue, and catering.
2 shareholders attended the meeting.
That's the lowest attended A.G.M. meeting I have been to.
What a waste of cash.
brian3777. |
Anyone go to the AGM? Did they change the location from this notification?
The location is
etc.venues St. Pauls
200 Aldersgate
London
EC1A 4HD
hxxps://www.etcvenues.com/gb/venues/st-pauls
hxxps://investors.dominos.co.uk/system/files/agm/38227-dom-ar21-07-notice-of-meeting-final.pdf See page 1 |
Pizza Hut, I think. Very strange indeed. |
Strange place to hold the A.G.M. this year. |
Interesting |
Trading in line and unloved since the start of the year.
Cost of living must be a major influence here.
Suet |
Peel Hunt: Domino’s moves from defence to attack
Domino’s Pizza Group (DOM) is moving ‘from defence into attack’, according to Peel Hunt, which believes the pizza delivery chain will thrive in a downturn.
Analyst Douglas Jack retained his ‘buy’ recommendation and target price of 475p on the stock, which owns the Domino’s master franchise in the UK and parts of Europe. The shares closed flat on Monday at 385p.
Jack said that now there is a franchisee agreement in place, settling a long-running dispute, Domino’s ‘can strive for a return to faster growth and a higher rating’.
‘More so than other food delivery operators, we believe Domino’s has the business model and opportunities to thrive in a downturn,’ he said.
‘With the franchisee agreement in place, Domino’s can now move on from being defensive about the franchisee relationship and focus on beating the competition.’
citywire.com |
Domino’s Pizza posted FY21 results this morning. The business enjoyed a transformational year, with robust trading, excellent strategic progress, resolution with franchisees and significant returns to shareholders. Group revenue was up 11% to £560.8m, statutory profit after tax rebounded 97% to £78.3m and basic EPS likewise jumped 92% to 17.1p. The company announced a new £46m share buyback, in line with the business’s commitment to distribute surplus capital to shareholders. The business continues to grow solidly and profitably. Operating margin and RoCE are both top decile for the sector. Valuation is average and the share price is currently in a correction, so there is no rush to buy. But the business is a solid, expanding retailer with a 20+ year track record of business and share price growth. Certainly a solid company to monitor....
...from WealthOracleAM |
JEFFERIES RAISES DOMINO'S PIZZA TARGET TO 360 (260) PENCE - 'UNDERPERFORM' |
i think 45-50 a year is sustainable for the next 5-10 years IMO. eventually they'll run out of space to grow in the UK. but that's fine as long as they don't do a tesco and start chucking money around to try and manufacture growth (although they did of course, hopefully they've learnt their lesson).
the franchisees are large and powerful businesses in their own right. however, domino's is the strongest QSR franchise around, and they are incredibly lucky to have been making windfall profits while many others have been struggling to survive. ultimately this expansion will make them a lot of money as well as strengthen their market positions. |
LIBERUM RAISES DOMINO'S PIZZA TO 'BUY' (SELL) |
I suspect the franchisees have driven a hard bargain. It is good news but they're still only predicting a minimum of 45 new stores a year. In the good old growth days it was 70 ish a year. |
good news on the franchisee front. common sense was always going to prevail in the end. remember that domino's are virtually the only QSR who have increased profits during covid, having remained operational throughout. they are franchisees of a powerful business model that goes from strength to strength.
with a bit of operational gearing, this new 3 year plan should increase profits by about 15%, but it is the longer term store opening trajectory that looks even better. |
An unwanted final comment from Mould on the three year agreement.
It's gonna be so successful that at the end of three years they sign up for a new 5 year deal.
Suet |
I remember the price collapsing day by day due to these 'disputes' with franchisees while I was accumulating, now that the clouds have disappeared and they have pledged to open up an additional 45 stores all looks much rosier. And of course with the disastrous international adventure over and stay at home measures lingering shareholders should be happy! |
It has transformed them. |
Was that update really worth 30% on the share price? Technical factors also driving the price perhaps |
Is anyone like outraged by this, where are they now? |
Dominoes are now a preferred government partner - BUY |
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