Dp Poland Share Discussion Threads

[1blueletter] 24/12/2020 08:52

Great buy note on DPP -

[adrunkenmarcus] 22/12/2020 21:04

Consensus forecast puts DPP down to generate £1.2 million in free cash flow in 2022, which puts it on a forward 2.5% free cash flow yield.

[adrunkenmarcus] 21/12/2020 21:04

Who knows? If the business succeeds then the share price will follow.

One would hope they make the planned progress next year in integrating the two companies and realising the benefits. I would hope for 2020 results on a consolidated basis in the first half of 2021, then a report on the first half of 2021 by late 2021. Positive results going into 2022 and firm progress on their expansion plans could put us in a very interesting position!

[hybrasil] 21/12/2020 20:50

So trading again

10 p by February ?

[hybrasil] 19/12/2020 12:10

Word is that there was considerable demand and applications were scaled back so that should ensure a floor on the 8th jan

[drsous] 18/12/2020 13:14

bookbuild didn't.should do well.

[hybrasil] 18/12/2020 08:03

That took a long time.
Excellent news

[the ghost who walks] 16/11/2020 13:21

And no ceo.

[sabre6] 16/11/2020 10:57

Then it won't happen

[the ghost who walks] 16/11/2020 08:20

Ceo gone with the acquisition, still no price announced. What if shareholders reject the deal?

[adrunkenmarcus] 01/11/2020 19:19

The Q3 recovery in like for like sales is promising and let's hope it continues.
Cash burn seems to be reducing, c. £900,000 taken off the cash balance from year end 2019 to end June 2020, compared to £1,465,000 at year end 2019 vs. end June 2019.
Net cash from operating activities a deficit of £253,803 vs. a deficit of £1,543,415 in comparing first half of 2020 with first half of 2019. (This is partly because they have reduced investment and not opened more stores, however it's a dramatic reduction and many stores opened in 2017, 2018 and 2019 will be either hitting maturity or seeing losses reduce substantially so they don't produce a drag.)
They had said they could get through to summer 2021 without foreseeing further fundraising and had targeted free cashflow breakeven in 2022. They may be able to do this as an independent company and, if existing shareholders got pre-emption rights in any fundraising to bridge the second half of 2021 (wishful thinking LOL) then that wouldn't be so bad.

[sabre6] 30/10/2020 11:00

Fairly upbeat half year results announced today

[adrunkenmarcus] 19/10/2020 20:30

Yes, we should get an announcement and the proposals to vote on. The results for the first half of 2020 are also due by month end, so within the fortnight. Maybe they'll do a big combined announcement?

[the ghost who walks] 19/10/2020 20:10

Ok this is a bit weird, they have approval but no details of the transaction announed

[adrunkenmarcus] 05/10/2020 19:52

The results for the first half of 2020 are going to have to be published in October 2020, so I am keenly awaiting them. I wonder if we will get an update at the same time?

[hybrasil] 05/10/2020 16:34

Suspended now for two months

[hybrasil] 24/8/2020 10:42

this is taking a long time!

[sabre6] 08/8/2020 11:10

Suspension and takeover is here

[sabre6] 06/8/2020 10:57

Takeover cometh

[replicas1967] 26/6/2020 07:35

Showing down 14% on IG ?

[hybrasil] 26/6/2020 07:23

That’s more like it.
Excellent trading statement in the current environment.

[18bt] 22/5/2020 12:50

Agreed no comment on 2020 is odd. I can only think that they thought the 2019 results and especially the acceleration in H2 would satisfy shareholders. The AGM is going to follow quite quickly so they should be in a good position to comment then and will also know whether dine-in competition opening up has had any effect. Given the relative strength of Poland's economy vs the larger EU states, this is one to watch, but well below the radar.

[adrunkenmarcus] 22/5/2020 08:37

It does seem odd that they did not refer to January, February, March or even April like for like sales. Like you, I'd suspect them to be quite good and April, in particular, was a period where restaurants were closed so people would be ordering food deliveries at home. They referred to their beneficial online order operation in an earlier update postponing the full year results.

They did indicate they have enough cash for at least a year, they think, which could be worse. If we get to c. May 2021 and group losses are narrowing substantially as forecast and on a clear path to 2022 cashflow breakeven then that would be great. They do have a borrowing facility which might be an option rather than raising yet more equity. Dilution for me has been the key risk. I remain critical of previous management for not raising much more equity at high market prices in 2016-17 and even saying in March 2018 that they saw no need for an equity raise!

[hybrasil] 22/5/2020 07:56

Have read the results carefully.
Its what they don't say is inexplicable.
How can a ceo finance director and chairman give no indication whatsoever as to the financial position on trading between december 2019 and now. None.

This is not what being a public company is about.


You can be sure they have management accounts to date and give no indication whatsoever as to the position.

I suspect its quite good - after all they have been trading the whole way through covid.

So what are they up to?

[adrunkenmarcus] 22/5/2020 07:35

They are now.