Domino's Pizza Share Discussion Threads

[robinnicolson] 10/10/2017 11:26

I guess every cloud has a silver lining i.e. soggy British summer = good for DOM.

Looking ahead to sales in the World Cup, it's disappointing that Scotland and Wales blew it but at least Iceland made it to Russia. I may have to go back and look at some of the old management presentations but why are Icelandic Domino's Pizza stores so incredibly profitable?

[philanderer] 10/10/2017 11:19

There's always one ;-)

"...broker Liberum cautioned against reading too much into one quarter of improved performance, particularly if margins continue to come under pressure from discounting.

Analyst Wayne Brown said: “The long-term sales trend is clear and we see no abatement to pressures.”

[robinnicolson] 10/10/2017 10:58

Extract from N+1 Singer broker note issued earlier this morning:

"The shares have been firm coming into today’s update in anticipation of a good update and we expect them to react favourably given the metrics and tenor are better than anticipated. Using consensus forecasts the shares trade on a FY18 P/E of 20x with a c.3% yield. We see scope for the rating to nudge up given the company seems to be overcoming the H1 setback."

[blueflex2] 10/10/2017 09:59

@philanderer, Liberum rating can be ignored, same to Investec.

[philanderer] 10/10/2017 09:43

So will DOM continue to buy back shares. If they want to they can buy appx another 2.5 million before the 19th october.

[philanderer] 10/10/2017 09:21

Reiterations..

10th oct Peel Hunt buy tp 400p
10th oct Numis buy tp 392p
10th oct Liberum sell tp 250p

[blueflex2] 10/10/2017 09:15

Surprise to me also. Santa Claus has came early today

[johnyee 7] 10/10/2017 09:07

shammytime her drawers went up.

[philanderer] 10/10/2017 08:50

Morning everyone , that is a nice surprise :-)

[robinnicolson] 10/10/2017 08:07

I love a short squeeze.

[grahamg8] 10/10/2017 07:45

I think some have suggested that Domino would run out of steam with a saturated market. But the Q3 update suggests otherwise. Targeting 90 new stores for year end and 'investing for growth' says there is plenty more mileage in the company, and hence share price. International is growing very strongly but still less than 10% of total sales. Massive growth potential for years to come.

[1pvh] 10/10/2017 07:36

Trading statement looks good to me. If the share price doesn't go up I'll certainly be buying a few more.I've been doubting the companies trading future recently. Silly me.

[suetballs] 10/10/2017 07:30

Numis were forecasting LFL sales growth in the uk of 5.5% - actual 8.1% ie if I have read it right.
Figures look ok to me but at 8am we will know.
Suet

[shammytime] 10/10/2017 07:24

Sorry I should have been more clear ? down

[johnyee 7] 10/10/2017 07:19

Drawers go up and down,what will it be?

[dahhad] 10/10/2017 07:12

Good sales figures but nothing on margin or costs. Is this normal and is it covered by saying that year end will be at least in line with expectations? Market reaction will be interesting. Can it regain sentiment and go back up?

[suetballs] 09/10/2017 22:54

Good point robin and nothing wrong in being optimistic.
Suet

[robinnicolson] 09/10/2017 19:42

Yes, trading statement tomorrow according to DOM website.

Perhaps I am being too optimistic but surely management wouldn't be buying back shares with the price north of three quid if they are about to announce poor numbers?

Although management *were* buying back close to £4 last year...

[suetballs] 09/10/2017 19:02

According to Hargreaves Lansdown yes.
3rd quarter trading.
Suet

[dahhad] 09/10/2017 17:48

is there a trading update due suetballs?

[suetballs] 09/10/2017 17:35

Update tomorrow - fingers crossed.
Suet

[philanderer] 09/10/2017 17:18

320,000 bought back today but couldn't prop up the price against the sellers / shorters.

[steve73] 09/10/2017 07:48

Looks like someone has forgotten to RNS Friday's Buy-backs...

...unless of course there were none...!

[philanderer] 06/10/2017 23:51

The buyback can last until 19th october purchasing up to £15m worth of shares.

So far just over 2 million shares have been bought , appx value £6 million.

So roughly another £9 million can be spent , appx 3 million shares before 19th october ...if they want to that is.