Domino's Pizza Share Discussion Threads

[philanderer] 25/7/2011 12:16

Matrix out with 'hold' but 'under review' - so maybe an upgrade in the offing ?

[philanderer] 25/7/2011 11:23

Looking like a nice breakout on good volume.

Almost 500k traded so far.

Conference call must have gone well ;-)

[techmark] 25/7/2011 11:20

Nice move up now. :-)

[philanderer] 25/7/2011 11:04

And Numis retains 'buy' with a 600p target price

[philanderer] 25/7/2011 11:01

Bloomberg:

'Domino's Pizza U.K. First-Half Profit Rises on Internet Sales'

Domino's Pizza U.K. and Ireland Plc, the U.K.'s biggest pizza-delivery company, said first-half profit rose 7.4 percent, led by Internet sales.

Net income was 13 million pounds ($21 million), or 8.08 pence per share, in the 26 weeks ended June 26, from 12.1 million pounds, or 7.62 pence a share, a year earlier, the Milton Keynes, England-based company said in a statement.

Internet sales gained 51 percent, to 85 million pounds. The company got 42 percent of its revenue on the web, up from 33 percent a year earlier, and each online order was as much as 15 percent larger on average, according to Chief Financial Officer Lee Ginsberg.

"We had a very strong first half and will have strong momentum going into the second," Ginsberg said in a telephone interview. "We'll have TV and lots of promotional support."

Domino's said it opened a net 21 outlets in the half, giving it a total of 688.

[mr hangman] 25/7/2011 10:56

Where's the guy gone, who was going to buy these at £3.50p gone ?

[philanderer] 25/7/2011 10:50

MON 25 JUL 2011

'Domino's Pizza promises to increase local marketing spend'

...online sales have risen to £85m, from £56.9m in 2010. This meant that online sales accounted for 41.9% of UK sales.

article:

[philanderer] 25/7/2011 09:14

:-D

Another reiteration from Espirito Santo

25 July

Domino's Pizza UK

Espirito Santo Execution Noble

Buy at 444.40

Target 611.00

[slogsweep] 25/7/2011 09:05

Panmure-Gordon - I remember them got my walls papered with their worthless share certs!

[philanderer] 25/7/2011 08:47

And this will have taken off some of the recent takeover froth in the shareprice......

Domino's Pizza UK&IRL says no private equity interest

LONDON:Domino's Pizza UK & IRL said there was no foundation in recent market speculation suggesting private equity parties were considering making an offer for the business.

"It's absolutely not true. There's no foundation in that whatsoever," Finance DirectorLee Ginsberg said in an interview on Monday.

Ginsberg also said he was guiding analysts to leave current full year earnings forecasts unchanged.

"I've guided the analysts to hold the numbers but at the moment the risk is on the upside with the momentum we've got going forward," he said.

[philanderer] 25/7/2011 08:30

Fine to me as well Slogsweep.

Sell on the news I would imagine, plus general market sentiment eith the USA thing.

Couple of brokers so far.

Altium retain 'hold' and increase TP from 400p to 450p

Liberum retain 'hold' TP 458p

Peel Hunr 'hold' TP 445p



Thought they may have waited until after this mornings conference meeting .

edit:

Oh, and it goes without saying .......Panmure 'sell' and it`s 345p target ;-)

[spob] 25/7/2011 08:29

rate of growth slowing

dom does not justify such a high multiple


so after a good run, a correction would not surprise me

[slogsweep] 25/7/2011 08:16

Results seem good to me - any reason why share price down apart from America going bust.

[philanderer] 22/7/2011 20:52

Sharecast...

Monday, normally one of the quietest days of the week for results, sees announcements from heavyweights such as Reckitt Benckiser and Domino's Pizza.

By common consent, the marketing expertise of Domino's Pizza is tremendous, and the operational side of the business is terrific; shame about the pizzas.

Charles Stanley thinks the pizza delivery firm will announce half-year profits before tax of £19.4m, up from £17.5m at the interim stage last year. It sees earnings per share rising to 8.80p from 7.90p the year before, and the interim dividend rising to 5p from 4.50p last year.

"New product innovation such as "Get Stuffed" or general promotional activity like "Two for Tuesday" remain keenly used tactics for stimulating top line sales growth. Whilst the success of previous promotions may be dissected, any news pertaining to future marketing campaigns is unlikely to be disclosed at this meeting given the competitive nature of the business and peer group responses," Charles Stanley's James Dawson suggests.

The company is likely to give an update on its progress towards a full-year target of 60 new stores. There may also be news on the group's incursion into Germany – the UK market being, like the company's pizzas, somewhat saturated.

Credit Suisse notes that the company is going up against tough comparative figures. "Whilst the warm weather was a negative in April and May, we note a cooler June and new product launches (stuffed crust) could help offset this. We forecasts Q2 LfL sales of 1%, however, [we] acknowledge the risk they could be flat or negative," Credit Suisse said.

The Swiss bank is going for half-year revenues of £97m, profit before tax of £20m and earnings per share of 8.8p. On the dividend front, Credit Suisse thinks the interim dividend will be bumped up to 5.5p.

Singer Capital Markets predicts profit before tax of £19.2m and earnings per share of 8.7p. "We base this on an first half LFL sales assumption of +3% (which in turn implies only 1% LFL growth in quarter two), combined with increased overhead and commissary utilisation. We assume 19 store openings, the same as in the first half of 2010," Singer said.

"Whatever the precise numbers, there will be two important positive impacts from this H1 announcement: The point will be made that Domino's is now in a phase where earnings growth is a multiple of LFL growth; the Q2 comparative challenge will now be behind the company, giving way to less challenging H2 comparatives of 10%," Singer added.

The broker thinks that the acceleration of Domino's like-for-like sales growth in 2010 may have been a one-off. "It may be that mid-single-digit LFL growth is more realistic, and the real question is why sales were actually so strong in 2010. That was really because of the triple positives of the World Cup, Britain's Got Talent, and Two For Tuesday," the broker reckons.

[philanderer] 22/7/2011 13:42

Maybe a read across ?

McDonald's Beats as Profit Jumps 15%

07/22/11 - 08:25 AM EDT

[philanderer] 22/7/2011 13:04

And here they are right on cue :-D

Panmure reiterating 'sell' today and 345p target



and here`s the rest....

July 20th Numis 'buy' TP 600p
July 20th Credit Suisse 'neutral' TP 510p
July 20th Altium 'accumulate' initiates
July 18th Brewin Dolphin 'buy' TP 520p
June 22nd Oriel 'add' TP 530p
June 15th Liberum Capital 'hold' TP 458p
May 4th Goldman Sachs 'buy' TP 590p

[philanderer] 22/7/2011 10:45

Where`s Panmure ? ;-)

sp pushing past the previous recent peak after the german deal was announced.

[philanderer] 21/7/2011 12:26

'Domino's Pizza Raises Dough for Epilepsy Charity and Breast Cancer Care'

Domino's head office employees held charity day in aid of NCYPE and breast cancer care.

(PRWEB UK) 21 July 2011


Read more:

[philanderer] 21/7/2011 08:28

Daily Express makes up the set..


Domino's Pizza served up a 13½p rise to 459p as broker Numis told clients to buy ahead of the company's half-year figures due next Monday.

There was also vague talk that a private equity predator was mulling a 600p-a-share approach.

[philanderer] 21/7/2011 00:26

Independent market report

'Market Report: Domino's delivers on bid talk and growth hopes'

Thursday, 21 July 2011

Bullish comments on its growth potential helped to drive Domino's Pizza up the mid-tier index yesterday, as market gossips cooked up a tasty takeover tale.

The pizza delivery company touched a peak of 468p during trading before closing 13.5p better off at 459p, amid vague rumours it may be in line for a private equity bid. With the group having climbed more than 20 per cent in the past month, the talk was that an offer could be in the region of 600p a share, but traders were largely doubtful, saying there were "better-value" companies out there.

Instead, its rise was put down to an encouraging "buy" note from Numis Securities' Douglas Jack, issued ahead of Domino's interim results, which are out on Monday. The analyst said that although there have been fears it will reveal a slowdown in like-for-like sales, any weakness was likely to be the result of a combination of the recent VAT increase and low spending on advertising, as well as the fact the figures were up against a tough comparative period.

"We believe the company is capable of generating around 15 per cent earnings growth in [the first half of the year] with minimal benefit from like-for-like sales, underlining the high quality of Domino's earning," said Mr Jack, who went on to predict the company could see its annual earnings grow by around 20 per cent on average over the next three years.

[philanderer] 20/7/2011 21:24

Buy-out rumours in the press...

Financial Times

In advance of results on Monday, Domino's Pizza UK and Ireland added 3 per cent to 459p amid rumours that the group may be a buyout target for management or private equity. Named among plausible bidders were Bain Capital and Carlyle Group, which teamed up in 2005 to buy Dunkin' Donuts.

Domino's shares also benefited from Numis Securities "buy" advice. The shares had already priced in slowing sales after January's VAT increase but an increase in advertising spending by the company in the second half suggested any weakness would be temporary and earnings growth would remain uninterrupted, Numis said.

Daily Mail

Vague rumours of a £972m or £6 a share cash bid from a hungry private equity player helped Domino's Pizza climb 13.5p to 458.75p.
The takeaway food group reports interims on Monday and broker Peel Hunt forecasts a 13 per cent rise in pre-tax profits to £19.2m and earnings per share 10 per cent higher at 8.7p.


Telegraph

Ticking up too was Domino's Pizza. There was vague speculation about the possibility of a private equity-backed management buy-out, but the takeaway pizza business was also helped by Numis reiterating is "buy" rating. Domino's put on 13½ to 459p

[philanderer] 20/7/2011 17:34

Definitely well overdue for a Panmure 'sell' reiteration , target 345p , before next monday going on past form ;-)

[philanderer] 20/7/2011 13:51

+4.5% today

...... could be next monday`s interims are going to surprise to the upside ?

[philanderer] 20/7/2011 13:42

And Credit Suisse reiterating their 'neutral' and 510p target

[philanderer] 20/7/2011 08:54

Altium initiating coverage of DOM today with 'accumulate' rating