Thanks biker, the last 2 paragraph could signal a potential takeover.
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Thanks biker, the last 2 paragraph could signal a potential takeover.
First half profit excluding non trading items was $3.1m. If RBD can match that in the second half we are looking at a normalised profit of $6.2m for the year.Quote:
quote:Originally posted by biker
The full exit will improve Restaurant Brands operating
earnings by approximately $3.0 million in the 2007/08 year.
Operating earnings still require interest and tax to come off them. So RBD is projecting total earnings for FY2008 to be $8m or so (8.2cps)???
Not really that inspiring. Until we get some certainty around the costs of PH and KFC franchise renewal, and that the Pizza Hut business has stabalized, I would say $1.30 is fair value. That gives a gross yield of 9%, based on an annual dividend of 8cps. Discount that by 10% because these results are a year away and we are looking at a 'fair share price' of $1.17.
Personally I always like to buy below fair value, so could I be tempted at $1.10? Possibly if I didn't hold a good whack of these shares already.
Not quite sure what this all means. The Hell Pizza boys given a management contract for operating Pizza Hut? Some kind of partial private equity takeover? In any event I think it would be a great shame if the result was RBD becoming delisted.Quote:
quote:
The company also said that a number of parties have approached the Board of Directors and expressed interest in their potential participation in the future of the company.
Restaurant Brands is responding to these approaches and will keep the market updated of any developments as appropriate.
SNOOPY
More good news for RBD.
http://www.stuff.co.nz/stuff/0,2106,3884205a13,00.html
Not too much bad news here it would seem.
Go RBD
RBD
12/12/2006
QUARTER
REL: 0930 HRS Restaurant Brands New Zealand Limited
QUARTER: RBD: Q3 Sales Annoucnement
Restaurant Brands Third Quarter Sales
Restaurant Brands today announced total sales for the 12 weeks ended 4
December 2006 of $67.8 million, an increase of 2.7% on the equivalent period
last year. Total same store sales increased 3.6%.
Chief Executive Vicki Salmon said an exceptional performance from the
company's transformed KFC brand contributed to the strong quarter.
"We continue to be pleased with the results of our investment in KFC, which
is resulting in improved sales performance across all stores, not just those
that have been remodeled," said Chief Executive Vicki Salmon. "While still a
tough environment, we believe that Pizza Hut New Zealand sales have
stabilised over the past six weeks as a result of the changes we have made in
this business."
Third quarter sales results do not include Pizza Hut Victoria which was
classified as a discontinued operation at the half year.
KFC
Successful promotional activity and the ongoing positive impact of
transformation contributed to a surge in KFC sales during the quarter. Total
sales increased 7.8% to $42.2 million, with same store sales increasing
10.9%.
This was achieved despite the closure of four stores undergoing
transformation for much of the period.
"Our transformation strategy, which reaches well beyond a store remodel to
include operational improvements and new menu items in all stores, is clearly
paying off," said Salmon.
Successful new product releases including Boneless chicken and Hot Rods also
contributed to the strong sales performance.
During the quarter, four stores reopened following transformation, two in
Auckland, and one each in Christchurch and Palmerston North, bringing the
total number of transformed stores to 21.
A new store at Rototuna (Hamilton) opened at the end of the quarter bringing
store numbers to 87.
KFC year to date sales totaled $138.1 million, up 6.3% on prior year and 6.8%
on a same store basis.
Pizza Hut New Zealand
The competitive environment continued to impact Pizza Hut New Zealand sales,
which declined 9.8% on the prior year. On a same store basis, sales declined
10.9%.
A number of operational improvements were made during the quarter resulting
in a reduction in staff turnover and an improvement in customer satisfaction
surveys.
"We believe this business has now stabilised and are working hard to return
it to positive sales territory," said Salmon.
Year to date total sales are $62.5 million, down 11.0% on prior year and
13.0% on a same store basis.
Store numbers declined by one over the quarter with the closure of one
dine-in restaurant at lease end bringing store numbers to 105.
Starbucks Coffee
Starbucks Coffee continued to deliver sales growth in the third quarter, with
same store sales up 3.8% and total sales up 11.4% to $7.1 million.
"We are pleased with the consistent growth being achieved from this business.
This quarter saw Starbucks Coffee achieve the twelfth consecutive increase
in same store sales," said Salmon.
Year to date growth was 12.7% to total sales of $23.4 million. Sales were up
2.9% on a same store basis.
Store numbers increased by one to 46 with the opening of a new store in
Symonds St, Auckland.
Discontinued Operations
As announced on 30 November, the exit from Pizza Hut Victoria will be
completed by the end of the financial year in February 2007, ahead of
originally scheduled and more than a year before the end of many of the
franchise agreements.
Year to date total sales declined 7.3% to $A18.4 million with stores being
sold to new franchisees.
Continued Interest
In its release on 30 November, the company indicated that it was in
discussions with parties who had approached the company and expressed an
interest in participating in its future. The
IS it time to double my HOLDING yet.. [8D]
That you buying in 50,000 lots over the last few days?Quote:
quote:Originally posted by BRICKS
IS it time to double my HOLDING yet.. [8D]
Looks like some action on the horizon .... last minute pre-Xmas negotations under way or is the buyout a New Year thing
WELL another BRICKS success TIP.. [8D]
Any more news from Vicki Salmon with regards to this earlier report.
"In its release on 30 November, the company indicated that it was in
discussions with parties who had approached the company and expressed an
interest in participating in its future. These discussions are continuing
and remain at an early stage. The company will keep shareholders informed as
appropriate."
It would appear that once again it has come to nothing...
Patience people. End of the financial year is Feb,Pizza hut Aust sales to be completed etc. In 2-3 months we could see a very different RBD or a blank where it used to be on the NZX.I bought a resonable chunk at around a dollar and I'm still accumulating at these levels.Still giving a reasonable yield at these prices and good cash flow.
Any coporate (if any) activity of this size takes time. Alot of time.
This Happy Camper is content to wait for the feeding frenzy.
In the meantime, the dividends will keep the wolves from the door.
Cheers
i would just like to say that i told everyone many a time to get out of this
shocker of a company. i just hope some of you listened.
they are so screwed it's not funny. they have no new revenue earning ideas
i will tell you that first hand. refitting stores and closing aus is certiainly not one
people. they are struggling and will fall into a hole.
Leanmeanfightingmachine.
Quote:
quote:Originally posted by Happy Camper
This Happy Camper is content to wait for the feeding frenzy.
In the meantime, the dividends will keep the wolves from the door.
Cheers
do you still get the pizza voucher with the annual report?
Quote:
quote:Originally posted by leanmeanfightingmachine
i would just like to say that i told everyone many a time to get out of this
shocker of a company. i just hope some of you listened.
they are so screwed it's not funny. they have no new revenue earning ideas
i will tell you that first hand. refitting stores and closing aus is certiainly not one
people. they are struggling and will fall into a hole.
Leanmeanfightingmachine.
Couldn't agree more.
I think that it was KFC last time roundQuote:
quote:Originally posted by zyreon
do you still get the pizza voucher with the annual report?
hmm I'll take some if they give a starbucks voucher this time! [8D]Quote:
quote:Originally posted by Steve
I think that it was KFC last time roundQuote:
quote:Originally posted by zyreon
do you still get the pizza voucher with the annual report?
The share price at these levels reflects that. This company is ripe for a new owner wh ocan add value.Quote:
quote:Originally posted by Greyhound
Quote:
quote:Originally posted by leanmeanfightingmachine
i would just like to say that i told everyone many a time to get out of this
shocker of a company. i just hope some of you listened.
they are so screwed it's not funny. they have no new revenue earning ideas
i will tell you that first hand. refitting stores and closing aus is certiainly not one
people. they are struggling and will fall into a hole.
Leanmeanfightingmachine.
Couldn't agree more.
I recall that they did Starbucks once - at a time when there was no Starbucks down south!Quote:
quote:Originally posted by zyreon
hmm I'll take some if they give a starbucks voucher this time! [8D]Quote:
quote:Originally posted by Steve
I think that it was KFC last time roundQuote:
quote:Originally posted by zyreon
do you still get the pizza voucher with the annual report?
Just for the record, were you also one of the people telling everyone to get out of Telecom at $4? - as I recall the feeling was that Telecom were also so screwed it wasn't funny.Quote:
quote:Originally posted by leanmeanfightingmachine
i would just like to say that i told everyone many a time to get out of this shocker of a company. i just hope some of you listened.
they are so screwed it's not funny.