Dp Poland Share Discussion Threads

[adrunkenmarcus] 30/4/2020 07:47

They usually have an AGM early May, which includes a further trading update to the full year (usually released end March).

I wonder if they will combine them this year, enabling the full year results to be made available and also any like for like sales / trading update data from April?

[the ghost who walks] 30/4/2020 06:29

Wondering when they will report. I've bought into this following dpeu ln announcement as this looks cheap and I'm guessing has the same trends.

[matt123d] 17/4/2020 21:13

See if it can get in the gap with a second attempt 10.5p to approx 15p area.

[the ghost who walks] 17/4/2020 19:23

Also bought back in. Think a bit off the radar and seems less exposed to crisis.

[matt123d] 31/3/2020 13:04

Added back here over the past couple of days, better than the 6.5p anticipated.

[adrunkenmarcus] 30/3/2020 07:28

We are dependent on whether takeaway services are continued to be permitted to operate. However, if people are not going to restaurants and still want something cooked for them, then Domino's Pizza seems reasonably well positioned provided they can continue to operate. Their comments on lower ingredient costs and the labour situation were also encouraging.

[18bt] 30/3/2020 06:59

Vaguely encouraging update this morning, but how long will it last

[matt123d] 21/1/2020 10:48

Taken profits now. Will probably buy back if it sees 6.5p offered.

[shanur90] 20/1/2020 19:02

Why the rise here past few days. Pizza selling good is it in Poland?

[matt123d] 20/1/2020 14:18

Nice move, added more below 7p.

[sabre6] 20/1/2020 13:46

Why the jump on SP?

[parvez] 14/1/2020 20:47

Until now the investment has been in increasing the footprint which takes time. Let’s hope the profitability cycle now kicks in

[adrunkenmarcus] 14/1/2020 20:27

We have to assume they met earnings expectations for 2019, because they'd have had to issue an RNS if not (as they did in 2018).

Therefore, I hope they meet 2020 and 2021 expectations for revenue of £16.7m and £19.9m respectively. And EBITDA breakeven in 2022! I hope the new CEO will do some interviews or communicate at length.

[hybrasil] 14/1/2020 14:06

Parvez
I topped up at 5p.
Hopefully we are right!

[matt123d] 14/1/2020 11:00

Looks as though EVE has a greater probability of getting to zero.

[cantrememberthis2] 14/1/2020 10:09

Bank profit?

Easy 1x Bagger all over it

EVE SLEEP

Cash in Bank higher than Market Cap

Just 6 days time for results

[parvez] 14/1/2020 10:09

thanks, matt. agree with you. last i bought these was nearer 50p i think and have topped up circa 6p today. will keep a close eye...

[matt123d] 14/1/2020 09:25

First higher high on a quarterly basis since 2018 so yes. Added a few below 6p and will look to add further if the fresh demand continues to move the price higher.

[parvez] 14/1/2020 09:05

Chart wise is today a turning point? Anyone any thoughts please?

[adrunkenmarcus] 20/10/2019 15:14

You highlight the state of the balance sheet and I agree it's certainly not good compared to a few years back. In 2021, net borrowing is forecast to be down to 1.5 times EBITDA. However, that's still way above 2017 levels and, back in 2015, this company had net cash! The forecast free cash flow yield on DOM for 2021 is 5.9 percent, which is quite tempting. Even today, ROCE, CROIC and EBIT margin are good compared to most companies but there's scope to get them much better. Let's see who the new CEO is and what they do. Best wishes, Mark.

[gabsterx] 20/10/2019 11:30

Markus, I agree. DOM has been borrowing to buy back expensive shares, expand into international markets now written off, and grow dividends. Now their balance sheet looks horrible and they have negative equity.

They need to resolve the disputes with the franchisees asap, hopefully the new CEO will add a better sense of direction then trial-and-error of the past few years.

[adrunkenmarcus] 20/10/2019 10:37

Gabster, I think DOM's recent capital allocation has been bad and they bought back so many shares at much higher prices than today. It'll be good to see what happens with Norway, Sweden, Switzerland, etc. as they exit those businesses. In the short term it'll remove losses for DOM and I think there's still a lot of growth to come in their core UK and Ireland market, however it does raise the question of long term growth and whether DOM will turn more quickly into a slower growth, cash generative company with a bigger dividend.

I think there is a benefit to DPP in that it is focused on a particular market and they seem to have made better progress.

[adrunkenmarcus] 20/10/2019 10:33

There's a trading update due in December 2019. If they can show they have met or exceeded forecasts for 2019 then perhaps sentiment will change somewhat. They really need to show progress and going through 2020-21 with good momentum.

Since February 2019, when they raised equity and removed the CEO, there hasn't been any similar bad news and yet the share price has kept sliding. They have made progress on gaining sub-franchisees, 39% of the current estate is now sub-franchised, and like for like sales are rising.

Current market cap is less than this year's forecast revenue and only 0.73 times 2020 revenue estimates or .60 times 2021 revenue estimates. It's also less than net asset value. To put it in context, when the share price surged in 2016 it was then at over 10x revenue - the same rating today would give us 50p a share even with more shares in issue than there were then. We have gone from one extreme to the other, yet turnover has grown from £3.8m in 2014 to £12.7m forecast this year and £19.9m in 2021.

I can't help wondering if the market fears further equity dilution, however they do have a borrowing facility to tap once DP Polska is cash positive and the group as a whole is forecast to be EBITDA positive in 2022.

[adrunkenmarcus] 17/9/2019 06:53

I'm not sure we'll see much activity. Interim results due 24 September might give some hint as to whether they will hit 2019 'consensus' (whatever that's worth) and what is happening on the new CEO front.