seadoc
10 Aug 2017
Re: DominoÂ’s Pizza: Peel Hunt still want... Mome,4/8/17 was indeed departure of boat... but I am booking myself on next passage, I hope!
Mome Wrath
08 Aug 2017
Re: DominoÂ’s Pizza: Peel Hunt still want... "My tealeaves have 260p as a buy"From the low in December 2014 of 154.20 to the high in July 2017 of 405.6, Dom has performed a classic retrace to just shy of the .618 (circa 250) to 255.80.There is usually, but not always, a retest of the .618 before recovery to the 50% (at circa 322) occurs,so you may yet achieve your 260 price target, and good luck to you.Then again, you may have just missed the boat!
Hardboy
08 Aug 2017
Re: Comments Pharma, "growth is slowing in the UK"The financial press and brokers concentrate so much on % growth; but they don't seem to understand %s. You can only compare %s if they start from the same base. Here's a simple example. If one car accelerates from 20 mph to 30 mph in a minute. it has increased its speed by 50%. If another car accelerates from 40 mph to 55 mph, the speed increase is only 37.5%; but the latter has accelerated at 15 mphpm compared to the first which is 10 mphpm. So the acceleration of the 2nd car is actually 50% greater than the acceleration on the 1st car; but financial press would say the speed increase has diminished from 50% to 37.5%.The larger a business gets the lower the % growth it's capable of. Keith Ashworth-Lord doesn't get many investments wrong in the long run. I hadn't noticed he had increased his stake recently, just read his comments.
Andy Reilly
07 Aug 2017
Re: Comments Hboy - and IF marlets jave a wobble? I think all bets are off! Currently its a bt of a tough call... I feel a bit of a general market corrrction seems due - but who knows? I could be wong OF COURSE!
pharmaspecialist
07 Aug 2017
Re: Comments Yes Hardboy, I also noted that Keith Ashworth-Lord has actually topped up his holding of Dominos following the recent share price fall so can not have any concerns about the company. My opinion is that that growth is slowing in the UK but there is nothing fundamentally wrong with the very profitable business of selling pizzas and there are growth opportunities in the company's overseas territories. My only concern would be if the move to digital sales was having an impact but in the past this has been seen as favouring Dominos so I am not aware of concerns here. I will obey my normal rule and will not sell as nothing fundamental has changed in this business.
Hardboy
07 Aug 2017
Comments I've read a couple of comments over the last few days from people who are usually worth reading - Rodney Hobson, a columnist at Morningstar & Keith Ashworth-Lord who manages the Buffetology Fund, which holds Domino. Both think the market has treated them baldy and the fall is overdone.
Hardboy
02 Aug 2017
Re: DominoÂ’s Pizza: Peel Hunt still want... "My tealeaves have 260p as a buy"Well as it goes ex div tomorrow, you're practically there now.
seadoc
01 Aug 2017
Re: DominoÂ’s Pizza: Peel Hunt still want... MW,"However, IF, I say IF, this is a base, then from here to the the second peak (394.7)"On reflection, and second glass of a very good Chilean pinot noir - If we have a good base do we make a margherita, a double peperoni or even add a few more topping and a side order? Seriously ROCE is over 50%. I have held from 2009 and will continue to do so but thanks for your reading of runes.Regards,Seadoc
seadoc
01 Aug 2017
Re: DominoÂ’s Pizza: Peel Hunt still want... MW,My tealeaves have 260p as a buy but on the way back up from???? Could even be as low as 160. I have values 220-230 but IOMIN has 200-220. I am an investor and not selling on the way down and definitely not selling on way back up, even at 394.7.Regards,Seadoc
Mome Wrath
01 Aug 2017
Re: DominoÂ’s Pizza: Peel Hunt still want... DOM has performed a near classic .618 reversal of the prior rise.It could retrace further.Assuming for a moment that DOM has touched bottom,then, after consolidation, a 50% recovery is usually expected. How long? I Don't know how long. However, IF, I say IF, this is a base, then from here to the the second peak (394.7) we have a 50% at 325.60 and a .618 at 341.80.There's resistance around 383-387That's as far ahead as the runes take me.
Andy Reilly
01 Aug 2017
Re: DominoÂ’s Pizza: Peel Hunt still wants a ... Facinating that the PH analyst suggested 400p as his target (ie the level of the second peak, and from which point the fall has been spectacular! - the SP failed to break above 400p (395p) on the second peak peak in March 2017, and performed a 'classic double top reversal pattern' - the big Q is will the SP have the strength, and fundamental financial strength behind it to break above that key area, should it get tere?!!!!
IOMINVESTCOM
01 Aug 2017
DominoÂ’s Pizza: Peel Hunt still wants a slice of the action Domino’s Pizza: Peel Hunt still wants a slice of the actionHalf year results from takeaway chain Domino’s Pizza (DOM) has given the bears enough to worry about but Peel Hunt said it would rather focus on the positives.Analyst Douglas Jack retained his ‘buy’ recommendation and target price of 400p on the stock following interim results. The shares edged a penny lower to 266.4p yesterday.‘In our view, the interim results had something for everyone,’ he said. ‘The bears can dwell on the second quarter’s weak like-for-like sales, the first half’s lack of margin growth…and the lower profits/store for franchisees. The bulls can highlight the first half’s perfect storm, the potential for new initiatives, the business’ cashflow and franchisees choosing to accelerate expansion even though Domino’s has cut incentives. We are with the franchisees and would prefer to look forward.’He added that the UK business was ‘capable of recovering to c.5% like-for-like sales, which should trigger a rerating’.[link]
seadoc
28 Jul 2017
Results - Phil Oakley Good discussion:[link]
Andy Reilly
26 Jul 2017
Re: results Itdya - your post is very rational, and the truth is that sentiment has been on the decline since the sell signal in March! Its the story of a stock - if it ever becomes hot, there will come a day when it is not! All driven by sentiment of course.Its the old story of success breeding success, but it is clear that ever since the SP found it didnt have the strength to get above the first peak, the sell off has been pronounced (a double top reversal pattern no less!) I find it all very fascinating, but we are all creatures of habit, and so often folks hang on, still clinging on to 'yesterdays' story/news. ATB
In the dark yet again
26 Jul 2017
Re: results Personally I'm surprised the SP held up as well as it did; given the numbers I was expecting significantly worse.It's not that they are dreadful numbers for a mature,stable, ongoing business, it's not that there isn't some growth and quite a lot of cash, just that DOM has been priced as a high growth stock and these numbers are definitely not those of a high growth stock, more one moving (moved?) from high growth to more stable (i.e. slower) hence the sell-off.When any share is highly rated it has to basically keep churning out fabulous numbers just to keep breathing the rarefied air exists up there. The old rating cannot be justified by these numbers so it won't be going back anywhere near those levels unless they can return pretty immediately to the old growth levels.No business can keep growing massively faster than the economy forever; eventually the market becomes saturated and then you have the opposite - pizzas become a commodity and it's pile them high, flog them cheap or die. I doubt we are actually at that point yet but how many pizzas can people actually eat?Regards,ITDYA
