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DMP, DOMINO'S PIZZA ENTERPRISES LIMITED
blacksheep
post Posted: Feb 27 2018, 03:13 PM
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In Reply To: blacksheep's post @ Feb 26 2018, 11:24 AM

More AFR commentary on the MD's shares/margin loans/buybacks, prompting a please explain from ASX
Domino's stays above $40, not that Don Meij is worried!
Read more: http://www.afr.com/brand/rear-window/domin...j#ixzz58HZXydr8

QUOTE
Response to ASX
The Company provides the following further information in response to enquiries by
the ASX.
The Company confirms that its buyback programme has not been misused for price
support to avoid a margin call being made in relation to shares held by the Managing
Director. The rationale for the buyback is as disclosed to the market and has not
been conducted for the purpose of avoiding the triggering of margin loan
arrangements.
The Company notes the perception of conflict where there is buyback activity
proximate to the share sales by the Managing Director even if the sales did not occur
at the same time. The Company will review and adjust its buyback protocols to
address this perceived conflict.

The Company confirms that the buyback is not for the purpose of benefiting the
Managing Director or to manipulate the market.

The Company confirms that full details of the Managing Director's shareholding,
margin loans and intentions to sell were advised to the Chairman with a reasonable
opportunity to consider the information prior to any share sales occurring. Share
sales occurred with the Chairman's approval in accordance with the Company's
securities trading policy. The total number of shares sold by the Managing Director in
the last 6 months is less than 2% of the Company's total issued share capital.

Based on the information that the Company has been provided, it considers that
there is a prudent buffer between the Company's current share price and the margin
call trigger price and there is alternative collateral to rely on in the unlikely event of a
trigger occurring.

There are no further details that the Company considers material for disclosure. The
Company has complied with its continuous disclosure obligations and its securities
trading policy

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: Feb 26 2018, 11:24 AM
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In Reply To: nipper's post @ Feb 23 2018, 04:13 PM

Seems AFR has uncovered 5 margin loan accounts held by the company's MD -

Domino's Don Meij and his five margin loan accounts
QUOTE
We are revealing today that there are no fewer than five margin lending facilities in Meij's name registered with the Australian Government's Personal Property Securities Register as current, the latest opened in April 2015. The balance of one is secured against the assets of the Meij Child Maintenance Trust, its purpose presumably self-explanatory. Classy.


QUOTE
Secondly, is the ASX f***ing asleep?! A $3.6 billion company is buying its own stock on the same day as its CEO is selling it.


Read more: http://www.afr.com/brand/rear-window/domin...j#ixzz58AlzirS9

Prompting today's response from DMP

QUOTE
Managing Director margin loan, and Share Buy Back

In response to recent media commentary, the Company confirms that it considers
that at no time has there been a risk of triggering a margin loan associated with
the Managing Director, Mr Don Meij.

The Company reiterates that it has not bought shares under the share buy-back
programme at the same times at which Mr Meij was selling shares.

The Company intends to continue its buy-back programme which will be used
depending on Domino’s share price and market conditions.


Meanwhile shorters appear to be piling in - 2 x notable short alerts last week
Fri 23rd Feb, 2018 1,052,464 87,611,744 1.20% 1,833,019 57.42%
Thu 22nd Feb, 2018 675,765 87,737,792 0.77% 1,600,841 42.21%
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
 
nipper
post Posted: Feb 23 2018, 04:13 PM
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In Reply To: blacksheep's post @ Feb 23 2018, 02:58 PM

three people (I know, and who I thought would know better) have ordered Domino's, and hurled the lot, soon afterwards. And mentioned it. Cost cutting and sloppy practices, WOW.



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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: blacksheep  
 
blacksheep
post Posted: Feb 23 2018, 02:58 PM
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In Reply To: blacksheep's post @ Feb 22 2018, 06:44 PM

Not that long ago DMP was a $80.00 share
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

Said 'Thanks' for this post: nipper  
 
blacksheep
post Posted: Feb 22 2018, 06:44 PM
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Posts: 6,403
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In Reply To: blacksheep's post @ Feb 16 2018, 12:00 PM

QUOTE
Dump seems to be continuing - currently $42.51/share


And look who has been dumping lmaosmiley.gif Do as I say, not as I do - "We are asking shareholders to believe in us," he said during a Valentine's Day briefing.I doubt holders will trust him again.

QUOTE
Don Meij believes in Domino's so much he's selling out of it
The very day after announcing his results, he sold 150,000 shares at $43 a pop. The day after that, Domino's restarts its buyback for the first time since October 4th, buying up 124,048 shares at $42.49. And then, Meij restarted his selling on the 19th, and continued on the 20th, 21st and 22nd.


and there's always a good excuse rolleyes.gif

QUOTE
All up, Meij made $17.5 million flogging shares in the company he'd begged investors to stick with — around a fifth of his holdings at this point. The company says "a majority" of the funds from the sales will be used to satisfy tax obligations arising from his takeup of options. It adds to the $31.1 million he made selling shares shortly after the full-year result, which the company said at the time was partly to pay for his divorce.

Read more: http://www.afr.com/brand/rear-window/don-m...b#ixzz57pAkJmmC


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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

Said 'Thanks' for this post: JSB  early birds  
 
blacksheep
post Posted: Feb 16 2018, 12:00 PM
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In Reply To: blacksheep's post @ Feb 15 2018, 10:17 AM

Dump seems to be continuing - currently $42.51/share

Another notable short alert yesterday
QUOTE
Thu 15th Feb, 2018 759,365 87,587,556 0.86% 2,276,603 33.36%
Wed 14th Feb, 2018 760,787 87,587,556 0.86% 1,429,596 53.22%

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: Feb 15 2018, 10:17 AM
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Posts: 6,403
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In Reply To: arty's post @ Feb 14 2018, 09:30 AM

QUOTE
Pizza doesn't seem to hack it in the land of sushi


I read here some franchisee's in France are also none to happy with DMP - https://twitter.com/search?q=%24DMP&src=ctag

DMP is now #3 on Shortman's Top 100 most shorted stocks - https://www.shortman.com.au/top

But, but, but Morgan Stanley suggests DMP is worth $55.00/share - cutting price target from a previous $60.00/share - rating is Overweight

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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
 
arty
post Posted: Feb 14 2018, 09:30 AM
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DMP gets dumped. Pizza doesn't seem to hack it in the land of sushi tongue.gif
Japan aside, results didn't look too bad, but the Market expected better. What's new...

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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)

Said 'Thanks' for this post: blacksheep  
 
Tee
post Posted: Sep 20 2017, 02:29 PM
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In Reply To: blacksheep's post @ Sep 20 2017, 11:10 AM

For the past few days, DMP price went up, and this means that short-sellers have lost, whether realised or unrealised. In terms of %, it is around 10%, or a price increase of around $4. Seems to me that short-selling is a high risk game.

 
blacksheep
post Posted: Sep 20 2017, 11:10 AM
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In Reply To: Tee's post @ Sep 20 2017, 05:02 AM

DMP is a stock that has been targeted by hedge fund short sellers - and they continue to rise - https://www.shortman.com.au/stock?q=DMP Current position 13th September, 2017 12.85% and #9 on Shortman's top 100

Mon 18th Sep, 2017 290,800 89,473,523 0.32% 361,468 80.45%
Fri 15th Sep, 2017 621,271 89,473,523 0.69% 906,758 68.52%
Thu 14th Sep, 2017 568,236 89,473,523 0.63% 804,837 70.60%
Wed 13th Sep, 2017 448,772 89,443,923 0.50% 617,772 72.64%

QUOTE
Domino’s Pizza Valuation Puzzles Brokers
While there are few catalysts available for Domino's Pizza at present, Morgans believes the stock warrants a more positive view. Others are more hesitant about the stock.
-AGM likely to reveal softer growth and first half may disappoint
-Yet is the stock now undervalued?
-Concerns over margins and share of the profit pool

https://www.fnarena.com/index.php/2017/09/1...uzzles-brokers/
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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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