ADrunkenMarcus wrote:It will be interesting to see what happens as regards their German interests.
So do LON:DOM own these German interests, or does the Australian venture which Westmoreland mentioned?
thanks Matt
Thanks to Anonymous,bruncher,niord,gvonge,Shelford, for Donating to support the site
ADrunkenMarcus wrote:It will be interesting to see what happens as regards their German interests.
TheMotorcycleBoy wrote:ADrunkenMarcus wrote:It will be interesting to see what happens as regards their German interests.
So do LON:DOM own these German interests, or does the Australian venture which Westmoreland mentioned?
thanks Matt
westmoreland9 wrote:TheMotorcycleBoy wrote:ADrunkenMarcus wrote:It will be interesting to see what happens as regards their German interests.
So do LON:DOM own these German interests, or does the Australian venture which Westmoreland mentioned?
thanks Matt
DOM is a 33% shareholder IIRC. there is a put / call option based on a fixed multiple of ebitda which i believe domino's australia can exercise for around £100m at the moment. i expect that would be paid back in a special dividend and / or buybacks.
DOM should be able to grow to about 1600 stores which is about 35% growth. they have a long term record of positive store level growth, and a combination of dividends and share buybacks should see to a solid investment performance over the medium term.
the days of explosive growth are behind it, but if you can get it on a 3% dividend yield, i think that's reasonable value given the predictability and stability of earnings growth.
TheMotorcycleBoy wrote:Yes. I'm in agreement here. Currently on about 2.81% DY according to google.
Users browsing this forum: No registered users and 3 guests