If you had invested in YUM brands instead of RBD:
Yum:
Attachment 14728
RBD:
Attachment 14729
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If you had invested in YUM brands instead of RBD:
Yum:
Attachment 14728
RBD:
Attachment 14729
Train wreck results. $2m profit of $640m revenue.
$570m business value, $270m debt. Guiding towards $12-$16m full year profit (seems optimistic). 2% yeild and full of risk on this.
Interest costs going to rise further. Report doesnt sound optimistic.
HOW is this still $4.50.... lol
I feel really proud of our local KFC staff.
They face abuse and long queues all day and night.
The contribution of approximatly $5,000 from their store to the shareholders is really appreciated.
Rough calc, thats about 3 cents profit per car going through the drive through.
Food for thought.
I struggle to comprehend how a company can not make a reasonable profit despite having a monopoly on KFC (even with the YUM brands royalty).
I think there are probably single McDonald locations in NZ that earned more in net profit than RBD did in total over the last 6 month period.
RBD totally screwed their profitability with excessive leverage.
Yes and guru CEO and CFO jumped ship after putting too much debt on the company
They should do a cap raise now while the SP is still expensive
Could they do that thou? Wouldnt the board be able to stop any ulterior motives.
I reckon just like a million times before them its a company expanding aggressively with debt and expanding away from core markets.. works while in the good times and now the fried chicken is coming home to roost
Such a good call Rawz.
$150m cap raise at $4. Also dump in an arbitrary restructure and cost out prog at the same time and say long term benefits, short term cost. Fire a bunch of punters at head office as collateral damage, as you need the opaque fog and sweet words to disguise the shambles beneath.
Absolute no brainer.
Wonder if the majority holder is eyeing up taking out the minorities before the train goes over the
edge completely spilling crispy chick far & wide ? ;)
If not $1.50 coming soon ? ;)
Let's face it .. lots of happy campers seeing satellite offshore operations pop up all over the place..
but the smarter ones probably started wondering how it was all being paid for .. and some
promptly leapt overboard with their handfuls of Kiwi fiat while the going was good
What a difference a crap ton of debt makes:
2019 H1: $28.1m Operating Profit, and $7.7m finance costs
2023 H1: $30.25m Operating profit, and $27.25m finance costs
Operational results actually aren’t that horrific, it’s the debt that is absolutely tanking the NPAT.
I haven't looked at RBD's result LEK but are those 2019 results pre ifrs16? pre that nifty little accounting change rent/leases were just that or co-mingled in occupancy costs. now they are split out into ROU depreciation (the bulk of lease charge) and lease interest charges (a minority of the total lease charge). may not be totally like for like but I suspect your point is still well made. thanks for those charts re YUM and RBD - shows where the money is made in these businesses
How many extra stores from 2019 to 2023 as well
Nene chicken is coming to NZ and plans to open 75 stores
A little competition is always good.
Good. Never understood the relative lack of competition KFC had when compared to the amount of burger / pizza etc places NZ has.
South Korean chain Nene Chicken to open first New Zealand store next month
https://www.nzherald.co.nz/business/...FN6MQLQWUHV4Q/
Will customers line up in pecking order or will there be a 'cock' fight to sort out who gets the first feed
We will know in just over a week
And Homestead Chicken. Closed in 1989.
The trend is over... supermarkets offer ready to bake pizzas, nice chicken and chips.
Tegal n Ingham offer nice pre frozen Texas fried chicken pieces or strip..just need to be air fryer or oven baked...
All taste better n healthy than greasy KFC chicken
The Avondale roundabout now has KFC, K-Chicken, Dominos, Kiwi Roast, Coffee club, and did have a Carl's Jnr.