Dp Eurasia N.v Share Discussion Threads

[lennonsalive] 23/12/2021 14:41

Big jump up today, presume it's been tipped somewhere?

[hybrasil] 21/12/2021 05:19

I use a very crude method to value the various dominos franchisees and that is to divide the market cap by the number of stores. In the case of Dpeu that gives a value per store of €132 k or cheap as chips (as opposed to pizza!)

[m_kerr] 16/12/2021 21:09

lira lost a further 30% since my last post. in terms of a multiple of sterling system sales this is getting more expensive. just £100m of system sales now.

turkven were clearly desperate to get out at any price. somehow despite the lira being increasingly worthless the shares are up strongly since then.

[hybrasil] 21/11/2021 19:32

point well founded m kerr.

However i blindly will just look at the enterprise. Had a great run here. No position at the moment but i am about to buy again

[m_kerr] 18/11/2021 22:03

i don't want this to be a running commentary on the lira, but the earnings here are in lira, which just fell to a record low due to erdogan acting irrationally as usual. inflation as measured by independent economists is about 50%. tread carefully!

[hybrasil] 15/11/2021 14:36

The book build was only directed at institutional investors - indeed this was one of independent directors gripes at the time.

By the way have a read of Jubilants accounts. My comment is that Indian accounts are presented much more clearly than UK ones!

[microscope] 15/11/2021 12:35

Well the bookbuild was intended to raise funds for about 25 million shares, but they only ended up buying about ten million hybrasil.While it's true that a large number of DPEU shareholders expressed that they wouldn't sell their shares, nevertheless Jubilant, had they pursued their intention thoroughly, would have then looked to smaller shareholders.I didn't receive any communication, and I expect I was not alone. Did you? The conclusion that the bookbuild didn't raise the intended funds therefore becomes entirely logical.Maybe they'll have to raise their offer (after six months) to attract more sellers. Or maybe they'll make do with what they've got.That's the gamble either way I think.

[hybrasil] 15/11/2021 05:00

Microscope
Only seeing your post now.
I understand that it was a lack of shareholders willing to sell that meant that jubilant didn’t get the holding they wanted.
Where did you get the idea that it was due to a lack of funds?

[microscope] 01/11/2021 11:42

Well with 50pc seemingly out of the picture following this morning's announcement, I suspect this is now less in play than it was even a few days ago.If Jubilant couldn't raise funds to get near to 49.99pc, then how would they ever complete a full takeover?It would need to be some sort of equity deal I imagine, which could be less attractive to DPEU shareholders than a full cash bid

[hybrasil] 01/11/2021 07:34

M-kerr

Yes. I was in touch with them about their proposed Turkish listing which now without any statements from the company seems to have died a death

You will see this mornings news that jubilant has only got to 40%. There is a bit of fun to be had here yet

[m_kerr] 31/10/2021 21:59

interesting that since lockdown of march 2020, the turkish lira has lost 40% of it's value against the pound - you need a heightened appetite for political risk to invest in turkey which i lack.

hybrasil - i remember DPEU used a technicality of their dutch listing to fail to disclose that Turkven, the original private equity owner, had disposed of a chunk of their holding a while back. very poor, and corporate governance was an issue given that half the board was made up of Turkven executives who were clearly motivated to do things that benefitted their employer, not the company.

[microscope] 29/10/2021 16:42

Fair points hybrasil. My concern is that if they go to 49.99pc then they are almost certain to win any votes on whatever they'd like to do. Not difficult to get a 0.02pc shareholder onside.I'll continue to watch for now

[hybrasil] 27/10/2021 11:55

At least and at last the board have got off the fence. A sensible recommendation in the light of what is happening in the dominos world generally

[lennonsalive] 25/10/2021 13:07

I'm out too, just sold my small holding Good luck all.

[microscope] 25/10/2021 12:20

Afraid I'm a bit unhappy with that too, hybrasil. It's low risk of delisting but wait, if x, y or z then it's higher.... And that's too high a stakes game for me right now.In fairness they're not in control of it I suppose, and seeking reassurances is probably as much as they can do. On the other hand and on reflection, you'd like to think that the company registrar would have noticed a 13pc holder and asked a question or two. It shouldn't have taken this long to come to light imho, even though ultimately it is up to the buyer to notify them, not the company to spot it.As you say a bit messy and even though the company is in play for a bid, possibly at a significantly higher level too, I was sufficiently concerned by this morning's news to sell.I'll await developments and would hope to buy back in once the new risk factors are clearer.Think the company is well placed and on the up, so it's frustrating for me but things change and there it is!

[lennonsalive] 25/10/2021 10:33

They can't stop them from delisting, rather than a bid. But they will be under 51% and not doing anything for 6 months after 29th October

[hybrasil] 25/10/2021 10:06

Bit of a mess though

A lesson if one was needed that if buying a stake in a public company that you ensure it is subject (which dpe is not) to standard takeover and panel rules.
What a pathetic statement of the board this morning.
Rephrased “we really don’t know what is happening and haven’t a clue what to do about it”

[lennonsalive] 25/10/2021 08:40

This is all getting very interesting

[microscope] 20/10/2021 09:15

I've not, hybrasil, though I own a few shares in BXP, a Bangladeshi pharma dual-listed in London and have occasionally dabbled in US stocks. I think there's a form you can usually fill in online, d-pen 8 or similar, stating which territories you would like to invest in. It may be for India there are additional requirements, I'm just not sure.Good luck with your Project! Let us know how it goes

[hybrasil] 20/10/2021 09:00

I started the process of trying to buy shares in Jubilant.

Anyone ever bought any Indian shares?

Its all a bit tedious!

[microscope] 20/10/2021 08:57

I mean Jubilant of course, not Domino's.

[microscope] 20/10/2021 08:56

Blimey! I'm guessing of course, but would imagine this has come to light because of Domino's desire to buy to up to 49.99 per cent. Perhaps they unearthed this holder.If they were to buy out this person, it would take them to just under 46pc. So still another 4pc to go. Then I think it really is game on.

[hybrasil] 20/10/2021 07:53

Wow a guy discloses this morning that he has owned 13% since December 2019