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DMP, DOMINO'S PIZZA ENTERPRISES LIMITED
nipper
post Posted: Aug 24 2019, 07:31 PM
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QUOTE
For a company that missed guidance for the third year in a row, Domino’s result was actually pretty well received. Softer than expected earnings and sales growth in Australia mattered less than a stellar performance in Japan, where a 59 per cent jump in earnings before interest and tax served as a reminder of the international opportunities for a business that now generates 55 per cent of its earnings offshore.

Clearly Domino’s Australian growth looks constrained, even if does appear to have made good headwind in cleaning up its franchise network in 2018-19. But if Japan can keep firing and earnings growth in Europe (9 per cent in 2019) can move closer to sales growth (which was 15 per cent), a more attractive picture emerges.

The business could deliver double-digit earnings growth in 2020 and, after falling in value by more than 20 per cent in the past year, now trades on a price-to-earnings multiple of 24 times....

https://www.afr.com/markets/equity-markets/...20190823-p52jzk

- don't buy the product, can get my cardboard intake cheaper elsewhere



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Dec 14 2018, 01:24 PM
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In Reply To: blacksheep's post @ Aug 15 2018, 03:14 PM

Statement from DMP re allegations in AFR article - 'Star' Domino's franchisee alleges misleading and deceptive conduct
QUOTE
Domino’s Pizza Enterprises Limited (the Company) notes the article in the Australian
Financial Review today regarding claims made by a franchisee.

The matter relates to a commercial dispute between the Company and the franchisee
which have been the subject of discussions with the franchisee for some time. The
Company has not been served with the formal legal proceedings referred to in the
article but is aware of the general nature of the claims. The Company rejects those
claims and will defend the proceedings.

The Company would further like to add that, subject to discrete contractual
exclusions, during the period of the sub-franchise agreement neither Domino’s
corporate stores, nor other Domino’s franchisees, may open another store in that
territory. This provides franchisees certainty about their investment as the number of
households in their territory cannot, without the franchisee’s agreement, be
decreased throughout this term.

Current short positions @ 10 December 2018 = 9.59%
https://www.shortman.com.au/stock?q=dmp
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 15 2018, 03:14 PM
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In Reply To: blacksheep's post @ Aug 14 2018, 11:09 AM

Domino's always exceeds, says Don Meij as he misses guidance, again
QUOTE
Presenting journalists with projections of how many stores Domino's will have in 2025 (some seven years into the future), Dominos' chief Don Meij said there was no reason to disbelieve the projected doubling.

"Whenever we've guided the market, it may seem like big numbers in the beginning, but we've always exceeded that number," he said.


Is that right?

QUOTE
But the results Meij was unveiling that very morning showed Domino's added 308 new stores in FY18. Its guidance given for the same period was for 310 to 330 new stores.

It wasn't the only projection Domino's missed. As has been widely noted, the pizza franchisor missed its overall guidance for the second year in a row, managing just 15 per cent net profit after tax growth compared to guidance (last stated in February) of 20 per cent

https://www.afr.com/brand/rear-window/domin...20180814-h13y41

Someone doesn't believe him either - notable short alert yesterday

QUOTE
Tue 14th Aug, 2018 1,080,954 85,368,040 1.26% 1,861,774 58.06%


https://www.shortman.com.au/stock?q=DMP

Article also mentions the DMP Board has extended its trading window for an extra week to allow a bunch of executives who hold options that become exercisable on September 1 the opportunity to exercise them.
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 14 2018, 11:09 AM
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Posts: 6,791
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In Reply To: blacksheep's post @ Jul 18 2018, 07:47 PM

Aussie pizza lovers doing their bit:biggrin:
QUOTE
Key aspects of Domino’s performance for the Financial Year included:
• Positive sales growth in all markets, in total and on a comparative, Same Store Sales, basis;
• Online sales growing strongly, +19.4%, or $269.5m, to 63.9% of total Group sales. A record of 2 million pizzas and sides were sold in Australia in one week;
• A record proportion of Australia/New Zealand franchisees and store managers investing in their businesses;
• Australian sales performance affected by uncertainty prior to the introduction of modern award wages, now successfully implemented; and
• Lower than forecast sales in France, affected by increased food costs.


Market not happy with SP down 12% in early trade - currently down 8.43% @ $48.00. Shorters will be happy
https://www.shortman.com.au/stock?q=DMP


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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 18 2018, 07:47 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Jul 17 2018, 01:27 PM

Wayne Swan calls for shareholder caps on CEO pay
Jul 18 2018 at 6:01 PM
QUOTE
"If company boards can't impose pay restraint on these exorbitant executive salaries, it's time for shareholders to take matters into their own hands and agitate for a binding vote to cap CEO pay," he told the congress.

Mr Swan seized on recent executive pay figures that showed Domino's Pizza CEO Don Meij as the country's highest paid CEO with realised pay of $36.8 million at a time when the company's franchisees have been exposed for underpaying workers.

He said pay for ASX100 CEOS was the highest since prior to the global financial crisis.

https://www.afr.com/news/wayne-swan-calls-f...20180718-h12tug




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 17 2018, 01:27 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Jul 9 2018, 02:29 PM

Domino’s Pizza boss in the dough with $36.8m payday
Updated17 July 2018 — 5:58amfirst published at 5:35am
QUOTE
Domino's Pizza boss Don Meij has topped the table of Australia's highest-paid chief executives, taking home $36.8 million, which is almost 435 times the full-time average wage.


QUOTE
After Mr Meij, Peter and Steven Lowy of Westfield Corporation came in at the second-highest paid executives, taking home $25.9 million, while Nicholas Moore at Macquarie Group came in third with $25.2 million realised pay.


At the other end of the business

QUOTE
A Delivery Driver at Domino's Pizza earns an average wage of AU$17.35 per hour.

https://www.payscale.com/research/AU/Job=De...6/Dominos-Pizza

https://www.shortman.com.au/stock?q=DMP
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


blacksheep
post Posted: Jul 9 2018, 02:29 PM
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In Reply To: blacksheep's post @ Jul 6 2018, 04:16 PM

Updated chart - SP currently $47.12 - down 3.97%
https://www.shortman.com.au/stock?q=DMP

DMP received a mention in this AFR article - How short-sellers can help retail investors avoid dud stocks

QUOTE
]Divergent expectations.[/b] This exists where market expectations built into the share price are overly optimistic. Domino's Pizza is one of the most heavily shorted stocks in the Australian market as short-sellers question whether future growth may be at a lower level than is reflected in the share price.

https://www.afr.com/personal-finance/how-sh...20180705-h12ax3
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 6 2018, 04:16 PM
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In Reply To: blacksheep's post @ Jul 5 2018, 04:33 PM

Notable short alert shown yesterday - maybe Credit Suisse following their downgrade? biggrin.gif although SP finished to day up slightly @ $49.07
QUOTE
Thu 5th Jul, 2018 935,048 85,368,040 1.09% 1,234,648 75.73%

https://www.shortman.com.au/stock?q=DMP
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 5 2018, 05:04 PM
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In Reply To: blacksheep's post @ Jul 5 2018, 04:33 PM

Some comments from MF on broker recommendations, and in this case the CS on DMP mentioned below.
Should you rely on sell side research to trade?
QUOTE
Shares in pizza delivery store franchisor Domino’s Pizza Enterprises Ltd. (ASX: DMP) plunged 9% in morning trade amid news reports that broker Credit Suisse has downgraded the stock to “underperform” from “neutral’.

According to The Australian, Credit Suisse is concerned about the outlook for Domino’s European operations that are largely focused in France and Germany, with the concerns resulting in the sell side broker downgrading profit forecasts out to financial year 2020.

Before lunchtime today Domino’s stock had already exceeded its recent daily average trading volume with 477,000 shares changing hands. This is win for sell side brokerages or the research arms of investment banks that regularly change stock ratings to underperform, sell, buy, overweight, etc, in order to encourage trading and lift brokerage fees.

Another common sell side habit is the use of “price targets”. These are largely provided to give less sophisticated investors more confidence to trade in that they are psychologically encouraged to buy or sell shares because they are above or below given “price targets”.

However, the reality is that trading based on short-term price targets or broker calls is a dumb game that can lead you to sell low or buy high while racking up the brokerage fees.

For example as a Domino’s shareholder you shouldn’t really be focused on the group’s performance over the next 12 months, or trying to second guess which way the share price might move tomorrow.

Admittedly it’s not easy, but you should try to focus on how the business will do in the next three years or more as if it’s successful in executing its growth strategy selling the stock today for 9% less than it was yesterday will most likely be a costly mistake. While the winner of course will be the brokers collecting trading fees.

https://www.fool.com.au/2018/07/05/should-y...earch-to-trade/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Jul 5 2018, 04:33 PM
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In Reply To: blacksheep's post @ Feb 27 2018, 03:13 PM

Big decline in the SP today - down 9.14% @ $48.92 - this article explains

QUOTE
Domino's Pizza shares have plunged to their lowest level in more than a month as investors dumped the stock amid analysts' downgrades.

Shares in the fast food company had tumbled 9.2 per cent to $48.89 by 1230 AEST, a level last seen at the end of May.

The slump came after analysts at Credit Suisse issued a report slicing Domino's price target to $36.76 from $42.47, citing concerns over a federal parliamentary inquiry into the franchise industry, rising labour costs and questionable growth prospects in Japan and Europe.

The joint federal parliamentary committee inquiry into the franchise industry is due to deliver its final report by September 30 this year.

Citi also slashed the fast food operator's rating due to expectations that weakness in Japan will lead to earnings downgrades in financial year 2019, setting a price target of $46.30.

IG market analyst Kyle Rodda said investors would likely continue to offload the stock throughout Thursday's trading session.

"There is some pretty aggressive selling going on and we haven't come close just yet to selling down to the price target set by Citi or Credit Suisse," he said.

https://thewest.com.au/business/markets/dom...es-ng-s-1874614
https://www.shortman.com.au/stock?q=dmp
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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