seadoc
17 Jun 2015
Re: Another dilution.... SJ,Thanks, I think I did flag up my intentions on iii, about this time last year. I win some and lose some, this one worked.Like you, I was also early in with both, I can easily look at both total and annual return (through Sharescope). DOM 391.6% total and 28.8% annual, DPP 71.5% total and 50.0% annual.Where from here?: I think both will do well. My secret weapon, now age 15, still prefers Domino's so I keep invested. I now have more, not just as percentage of company, but also in absolute cash in DPP. Did you see slice of life (See iii DOM for link if not).Happy investing and good luck,Regards,Seadoc
San Jaime
17 Jun 2015
Re: Another dilution.... I see your point - good on you for an average purchase price of around 10p.I got in early with DPP, like I did years ago with DOM at the IPO, but as the graph shows, long term investors like me are showing a loss. Have averaged down here but won't go blue until 23p is seen again. A placing well below my average wrongly called as a dilution.....sorry for that.Like you, now hoping that DPP,as a result of extra cash, is now in a position to grow faster and move this line in my portfolio also in to blue territoryAll the Best to all holders -
seadoc
16 Jun 2015
Re: Another dilution.... If there is a placing at above the average price paid it is a concentration rather than dilution. A bit like a takeover, in that I bought a share in a company worth £9m. I now have a share of 100/136.5 of £16m for the company and a share of 100/136.5 of £5.5m for the new cash. So although 100% of 16m is more than 100/136.5 of £(16+5.5)m = £15.75m my share of £9m is now the same share of £15.75m (which is the same as 100/136.5 of 21.5m), but the share of £15.75m is still more than I paid for it but better still, as a result of extra free cash, is now in a position to grow much faster so I am not too worried. You may be right and perhaps there will be another placing but as long as the next placing is above 10.204p I will not have lost out.Regards,Seadoc
San Jaime
16 Jun 2015
Another dilution.... Today's Placing announcement-----DP Poland plc today, 16 June 2015, announced a conditional placing of 34,810,126 new ordinary shares in the capital of the Company at a price of 15.8 pence per Placing Share to raise approximately £5.5 million before expenses.The Placing Shares represent approximately 36.5 per cent. of the existing issued share capital of the Company and the Placing Price represents a discount of approximately 9.1 per cent. to the closing mid-market price of 17.375 pence per Ordinary Share on 15 June 2015, being the last trading day immediately preceding the publication of this Announcement.Peter Shaw, Chief Executive Officer of DP Poland commented:“The Company has delivered significant progress during the first 5 months of 2015. The strong financial and KPI performance from the stores gives the board comfort that our momentum is set to continue. The board is extremely pleased with the support that we have received from both existing and new investors during this fundraising and we are entirely focused on delivering our growth strategy and realising the significant opportunity for Domino’s Pizza in Poland.”-----Not good for us PI's - If I remember correctly there was a placing a few years ago at 35p to raise a similar amount of cash....What's the next one, a placing at 5p a couple of years in the future ??
seadoc
27 Feb 2015
No Quotes Morning All.No Quotes to buy, even for NMS. Could be interesting,Regards,Seadoc
seadoc
25 Feb 2015
Re: Sales up 30% SJ,I felt the "value per shop" being placed on DPP by the market implied a more significant risk of failure than I could see, given the shared management. I had sold out of some stocks that had recovered well from 2009 (FENR, MGNS for example). I was happy to increase my risk by using some of this cash to increase the holding in DPP. I picked some up in the "flat" period between Aug and Nov, all at 9.25p, to bring my investment ratio between DOM and DPP to around 50/50. I was a bit worried for a couple of weeks at the beginning of January but now at 20p the DPP is twice holding by value of my holding in DOM. Hindsight is a wonderful thing but seems this one has worked out (so far!). In general: AIM is a nightmare. For entertainment I read the BB of the likes of QPP, GBO and oil minnows but keep my hands firmly in pockets! There are some pockets of value about, I am hoping that SIXH will be recovering to low 20's and then I will be out. Not suggesting you put any money there but if you are able to look back at 5 yrs or more of prices you might like to scroll across and try to identify where to get in, and guess where to get out, see if I have got that right as well. But DEMG is fascinating. Having worked in NHS in theatres I have always been very fond of the product. Just read the valuations I put on the BB 10 years ago! but I can see why the sales did not come through as expected and the price has been penalised accordingly. But to value a company with a unique, healthcare product and already breaking into USA at just annual sales of probes is clearly nonsense. It would not take a lot of news for this to jump 3-4 fold in a couple of weeks and be back to fair value of 30p over the course of a year. Definitely one to watch!Regards,Seadoc
San Jaime
17 Feb 2015
Re: Sales up 30% Nice rise to 20p mark here, since 2014 figures...Seadoc - Out of interest did you take an educated risk and hit the buy button at under 10p ? It was quite tempting but no action here on my part to add near to what I'm sure will turn out to be the all time low.
San Jaime
11 Feb 2015
Re: Sales up 30% WOW - Yes, some good figures for DPP - a turnaround at last ?? :-----Peter Shaw, Chief Executive of DP Poland said:Sustained double digit like-for-like system sales growth coupled with continuing reductions in food and operational costs resulted in significant improvements in store EBITDA performance.Our top 3 stores averaged £24k EBITDA profit each in 2014, compared to an average loss of -£12k each in 2013. This transformation in store performance is set to continue in 2015 as we focus on providing our customers with great product, great service and attractive promotions, supported by continuing improvements in food costs.We reached a milestone in Q4 2014 with total store EBITDA becoming positive for each month during the quarter. This total includes our newest stores in Krakow as we grow customer numbers and progress towards EBITDA breakeven.I am delighted to report that the stores recently acquired by our first franchisees are performing well, exhibiting strong sales growth and generating profitable commissary sales of food and non-food items for DP Polska.This strong sales performance continued into January 2015 with like-for-like system sales at +18%.”11 February 2015-----We have to remember that compared with DOM the operation in Poland is very small, it currently operates 12 corporate stores in Warsaw and Krakow and sub-franchises 6 stores in Warsaw.It is good news that the move to Franchisees seems to be working as they are reporting growing sales and profitability. No figures given, but statement that significant new store openings targeted for 2015.I never bothered to average down again when DPP was below 10p so still some way to go before i see blue on this line of the portfolio - needs to go just over 20p.Keep taking the Pizzas my Polish friends.
seadoc
11 Feb 2015
Sales up 30% SP followed!Regards,Seadoc
