Domino's Pizza Share Discussion Threads

[diogenesj] 09/6/2005 14:21

Re the RNS: Interesting that the sale was to the son of the chairman, and that the acceleration of the directors' gravy train will precisely soak up the profit.

[royalt] 08/6/2005 11:40

Could see another late rally today. Liking it!

[theeagle2] 08/6/2005 11:40

Domino's Pizza UK & IRL PLC
08 June 2005

For immediate release
Wednesday 8 June 2005

Domino's Pizza UK & IRL plc

Disposal of corporate stores and accelerated amortisation of Long Term Incentive
Plan ('LTIP') charge

Disposal details

The Board of Domino's Pizza UK & IRL plc (the 'Company') is pleased to announce
the sale of 13 of its corporate stores for a cash consideration of £4 million to
Dough Trading Limited. The sale of these stores underlines the Company's
decision to focus on its core franchise business. The net profit realised by the
Company on the sale will be approximately £850,000.

The operating profits attributable to these stores, before the allocation of
central overheads, for the financial year ended 2 January 2005 was £464,000. The
proceeds of the sale will be added to the Company's existing cash resources.

As highlighted in the annual results for the financial year ended 2 January
2005, the Company has been exploring a number of alternatives in relation to its
strategy for its 18 wholly owned corporate stores. At that time, joint venture
agreements with existing franchisees were favoured as an exit strategy from the
ownership of corporate stores. Since then, the Company received an offer to
purchase 13 of these stores from Dough Trading Limited which it felt was an
attractive offer and in the best interests of the Company and its shareholders.

In relation to its remaining five corporate stores, the Company continues to
explore its options, which is likely to involve setting up further joint venture
arrangements or selling the stores.

Dough Trading Limited is controlled by Marc Halpern, the son of Colin Halpern,
the Company's Executive Chairman. HS Real Company ('HS Real') is guaranteeing
part of the debt funding that Dough Trading Limited is using to fund the
acquisition. HS Real is owned by a discretionary trust, the beneficiaries of
which are the adult children of Colin and Gail Halpern. The transaction is not a
related party transaction for the purposes of the AIM Rules. However, by virtue
of Colin Halpern's position in the Company and his relationship with HS Real, he
took no part in the voting at the Company's board meeting on the approval of the
transaction.

Accelerated amortisation of LTIP charge

In addition, the Company announces that it is likely that the performance
targets set for the LTIP will be achieved earlier than expected. The resultant
reversionary interests over certain assets of the employee benefit trust will
therefore vest after three years instead of the originally expected five years -
the period over which this charge has been amortised. As a result, and on
adoption of FRS20, the Company will now have to accelerate the resultant charge
and include it in the profit and loss account for the current year. This
additional charge, which relates to 2006 and 2007, will total £626,000.

For further information, please contact:

Lee Ginsberg / Rachel Wattel, Domino's Pizza: 01908 580 672
Chris Matthews/Andrew Jaques/Kate Catchpole, Hogarth Partnership: 020 7357 9477

[royalt] 07/6/2005 19:49

Quality gains to end today. Expect acceleration from here.

[royalt] 07/6/2005 10:57

I reckon pretty soon. Slowly edging towards the old high. I think volume will come in once we break above. And then dom could run ahead very quickly to 300p+

[hybrasil] 07/6/2005 08:17

RoyalT It looks like you were right.
When will it break the £3 barrier (£2.77 bid today)

[royalt] 03/6/2005 17:47

Just a matter of time before she blows to new highs. Watch this space!

[royalt] 26/5/2005 13:41

Markets looking much more better in general now. Dom should resume the upwards movement of a few weeks back when it came ti a stop as the market sentiment languished. Think we will get a big run up towards results as we do everyyear! Its gonna be a great ride imo!

[theeagle2] 26/5/2005 10:52

Some steady buying today!!!

[royalt] 12/5/2005 13:02

Nice one. Chunky share buy backs taking place. Suprised price hasnt pushed up yet.

[hybrasil] 21/4/2005 13:48

gj2 I think I too bought my slices in 2001 ( at about 32p!). It has just been a classic hold rather than a trade.

[royalt] 21/4/2005 09:31

Great defensive play this stock is. Do not mess with it. markets have been tanking hardcore, yet dom has been holding fairly steady. Pull back cos it went ex-divi, but now the upmove continues.

With this kinda positive news I wouldnt be suprised to see us race ahead like before. A few % everyday reaching an all time high before any resting periods. I reckon theres alot more to go and 300p+ is an easy target short term.

[edwardsj] 21/4/2005 08:26

GJ2 - roughly where we are now - see graph at top of thread.

2005 will be good (like 2002!). 2004 was very sideways in terms on price movement.

Would be interesting to hear from any chartists.

[gj2] 21/4/2005 08:17

hybrasil :

Can't agree more about ability to deliver. I had thought that underlying growth was slowing (the April 2004 AGM statement announced like for like sales in the prior 16 weeks as 4.7% vs 7.6% for the same period a year earlier), now today they announce 8.2% LfL growth ! Superb. Plus the economies of scale, reduced (per £ of sales) advertising spend ... I could go on.

I bought 4 small "slices" in 2001 and still hold all of them.

edwardsj:
What was the previous peak ? We must be nearly back to it.

Geoff

[hybrasil] 21/4/2005 08:12

I went in and bought 25k shares. There was not much stock about.

[edwardsj] 21/4/2005 07:59

Excellent RNS, a new all time high approaches....

[hybrasil] 21/4/2005 06:57

Todays rns is yet another positive endorsment of this companies ability to deliver. Everyone on the high street is moaning and look what dominos does. A great increase in overall and like for like sales.
The fun will come with corporate activity - someone is going to want to buy these and will pay for it. It could be a few years away yet. In the meantime with these continually exciting statements I am happy to be here.

[greenslug] 13/4/2005 17:00

i thought it was today!

[edwardsj] 13/4/2005 14:18

yesterday i think

[royalt] 13/4/2005 13:03

Anyone know when Dom when XD?

[edwardsj] 11/4/2005 15:39

Thanks Hybrasil, Im a relative necomer to DOM so feel it owes me more....

[hybrasil] 11/4/2005 13:09

3.20 is my target

[edwardsj] 11/4/2005 11:58

Cool - we have some movement. I must admit i have not had a dominos this year, must go and have one soon, shame there are no discounts for shareholders!

Does anyone think this will trade over 400p within 2005?

J

[hybrasil] 09/4/2005 06:59

monkey I agree .