Looking for 450p later this year. |
Barclays cuts Domino's Pizza to 'equal weight' (overweight) - price target 400 (460) pence |
Just listened to the investor events, from 11 Dec.
Bit late listening, but been busy.
Very impressed by Andrew Rennie CEO.
Also his views about the future of the company, ie expanding into other franchise businesses, and buying more master franchises outside of UK.
The recent past has been a disaster with foreign investments, but I was interested to hear his views on this subject.
Well worth a listen.
I would also be interested to hear other shareholders views.
Santos123.
Stay prosperous. |
Equally it now looks as if DPP have turned the corner and if you get the exponential growth there that Dom got in the early days it could be very exciting. Dom was my best ever investment at 32X! |
 Peel Hunt: Domino’s delivering on buybacks
Domino’s (DOM) has double-digit earnings growth in its sights, which should fuel further buybacks, says Peel Hunt.
Analyst Douglas Jack reiterated his ‘add’ recommendation and target price of 400p on the Citywire Elite Companies AA-rated takeaway pizza chain, which slid 7% to 343.6p last week.
The group reported slow like-for-like sales in the third quarter, up 3.7% versus 9.7% in the first half, but earnings forecasts were steady. The group also accelerated buybacks, and Jack is now forecasting £89m of buybacks rather than £60m this year.
‘With Andrew Rennie at the helm, franchisees expanding and contributing to national promotions, Domino’s is in good shape,’ he said.
‘The company is generating a significant amount of cash.’
Jack said the 20x price/earnings compares to the 10-year average of 21-22x when like-for-like sales averaged 7.9%.’
‘The reason to own the shares is market expectations of double-digit earnings growth in both 2024 and 2025, supported by faster expansion and more share buybacks,’ he said.
CITYWIRE.COM |
Domino’s reports falling orders in tough delivery market.
Not surprising given how expensive their pizzas are. You can get a pizza from Waitrose for £1.50 and chop up some toppings of chicken and mushroom for multiple pizzas for £5.
Dominos charge £22.99 for a piece of trash. This stock is a stinker and people that eat dominos are fat obese people. |
What are your thoughts on the update? |
Looking for a good trading update tomprrow.
Suet |
Cheese on toast expensive |
Deutsche Bank cuts Domino's Pizza to 'hold' (buy) - price target 410 (355) pence |
The price has shot up since the beginning of July.
If you read the interim results carefully, you can see they are not as good as the headlines would imply.
The xd date is tomorrow.
Also, probably there is a lot of momentum buying on the share price increases.
So, who knows what will happen tomorrow, certainly not me.
Stay Prosperous.
Brian3777. |
Jefferies - now a hold - they have been sellers for ages. Hope they were shorting!!!
Suet |
Jefferies raises Domino's Pizza to 'hold' (underperform) - price target 410 (240) pence |
Barclays raises Domino's Pizza price target to 460 (345) pence - 'overweight' |
Peel Hunt downgrades Domino’s
Peel Hunt has downgraded Domino’s (DOM) after a strong run on the shares of the takeaway pizza chain.
Analyst Douglas Jack downgraded his recommendation from ‘buy’ to ‘add’ and upgraded his target price from 375p to 400p on the stock, which soared 13.7%, or 48p, to 395p on Tuesday.
The group reported strong like-for-like sales in the second quarter, up 8.6%, which was ahead of expectations. Following receipt of £80m from the sale of its German arm, net debt is down to £171m, helping deliver upgraded forecasts for £135m of earnings in 2023.
‘With… franchisees expanding and contributing to national promotion, Domino’s is in great shape,’ Jack said.
‘We upgrade our target price… and lower our recommendation…; reflecting the recent strong share price performance.’
citywire.com |
Liberum a bit behind the curve.... |
Well received. Maybe some upgrades after that ? |
Liberum raises Domino's Pizza to 'hold' (sell) - price target 300 (230) pence |
Market report :
In the FTSE 250, Domino’s Pizza was up 4.7%.
It named former head of multiple Domino’s franchises Andrew Rennie as its new chief executive officer, effective August 7.
Rennie will replace Elias Diaz Sese, who took over as interim CEO in October last year. Diaz Sese will revert to non-executive director, a role he had held since joining the board in 2019. Rennie will join the Domino’s board on August 1, ahead of taking over as CEO.
The Milton Keynes, England-based master franchiser for the Domino’s Pizza delivery brand in the UK and Ireland said Rennie spent over two decades at the Sydney-listed Domino’s Pizza Enterprises. There, he was CEO of France & Belgium from 2006 to 2010, chief operating officer and then CEO of its Australia & New Zealand arm from 2010 to 2013, and CEO of its European business from 2014 to 2020.
‘The new boss of London-listed Domino‘s Pizza is the textbook definition of a safe pair of hands. This is perhaps what the company needs given all the drama the UK franchise owner has been through in recent years,’ said AJ Bell analyst Danni Hewson. |
Page 27, of the Annual Report and Accounts, Says how much the company shareholders matter to them.
Pull the other one it's got bells on.
Share buy backs this year are £86 million.
The Divis paid are only £43.8 million.
Halve the amount.
Another waste of shareholders funds.
Page 190 gives the five-year financial summary.
Basic earnings per share, up 82.5%.
Diluted earnings per share, up 83%
Dividends per share, up 5.3%
All worked out on my trusty casio pocket calculator.
They do not give these numbers on the page, I wonder why?
The share price over:-
1 year. -10.85%
2 years. -21.17%
5 years. -16.88%
Pathetic.
These numbers were taken mid-day on 2 may.With the share price up 2.6%
The share buy backs have been a complete waste of cash. |
The A.G.M. is this Thursday.
Again I see they see they are holding it at the same venue and same time 10 AM as last year, when only 2 shareholders attend the meeting.
also the chairman refused to answer the 2 questions I asked him.
Page 27 of the |
Prezzo to close 46 sites due to rising costs - and imo the high street will continue to struggle.
May help dom though.
Suet |
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