must be bad .. or the forecasting dept have all gone on permanent holiday ;)
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This is the clue...
Current forecasts suggest the Group is 12-18 months away from achieving
margin recovery to FY22 levels.
new lows today
Over one million birds to be euthanised in Victoria as flu spreads
https://www.1news.co.nz/2024/06/19/o...s-flu-spreads/
jeez there price already expensive
How many birds do RBD sell to willing customers each day.
interesting on the earnings call yest for collins food ( kfc aust ) analyst got a response that margin outlook for 25 was for flat margins which was a change from previous outlook of improving margins 25.
RBD has similar outlook for 25 of improving margins so i wonder if they are going to change there outlook for 25 as well ?
chickens coming home to roost ? debt quite high if margins continue to be under pressure.
had a zinger burger there a while ago must say not as good as a yr or 2 ago
must be the cost cutting lol
I must admit. Our family hasn't bought KFC for like 4 months. We can easily afford it, but it's just not value for money now days.
If we want to grab junk food then Carl's Jnr or Wendy's etc offer much better value. And if it's chicken they want then ko ko dak offers something that looks and tastes less greasy.
It's difficult to see RBD as a business returning to the good old days.
Will be interesting to see what happens when GYG rock into NZ.......
And if will be a master franchisor or corporate owned model. Would think would kill Taco Bell.
That's a conservative description, "SP drift", now 84% down from ATH this has destroyed untold capital and the market seems totally unconvinced that there is any hope for RBD with the solid SP downtrend continuing forging new lows!
Unbelievable really. Your mention of 2012 is poignant for me, as it was when I bought in, although I did move onto other things some years later. Since ATH August 2021 I've been watching and wondering how low can this go.
I'm hearing you Goob, but even that short term view is a 25% capital loss in the past two months, so far, albeit unrealised if not sold. Honestly, it's hard to know what will turn around RBD but I guess as long as the recession continues, high interest rates sustain, suppressed retail spending and the fact that a family can put food on the table by buying and cooking dinner rather than buying fast food takeaways, RBD will remain in the doldrums.
That said, for those looking or watching for a medium to longer term investment, RBD when it turns (which it will in due course, it's not going out of business is it?) is a strong candidate, imo. Seriously though, who would have believed RBD would have lost 12 years of market cap gains, it beggars belief and will take substantial investment fortitude to place a stake on their future.
And there's absolutely no reason that I can see at the moment why anyone would do that right now. From a TA perspective, it's rare to see a stock go for almost two years oversold on the RSI, and still be pointing downwards. No need to get excited just yet. The time will come, but probably not soon enough for some who are already invested.