Nah, they're gonna try and "do a Domino's". If you apply Domino's valuation metrics to RBD's figures, you can see the appeal, but I suspect the end result would be the same as every NZ tech co seeing the appeal in Xero's valuation metrics....
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To quote The Castle "Tell him he's dreaming..."
Yum! Brands Market Cap is over USD 30 billion, RBD about NZD 0.6 billion although at one stage it was a steal at NZD 55 million when geniuses at Tower decided to quit their 10% holding at the rock bottom of the share price slide. That $5.5 million sale proceeds would be worth over $56 million and counting with all the dividends since.
Personally don't see the synergies of running businesses in Guam, Saipan and Hawaii out of Central Park, Ellerslie - buying into QSR they at least had someone with a proven record, who'd run the business staying on and skin in the game with script and cash. I haven't sold a share in my portfolio yet but it's now on my watchlist - despite it having demonstrated reasonably good management for the last six or seven years.
Perhaps Russel would like Star Alliance Gold Elite status now?
Not a share that has ever particularly appealed to me and my experiences of eating in Taco Bell in the days when I worked in California were discouraging.
But putting those negative influences aside and still the Tiger senses danger !
So first that bit of NSW and now Hawaii, Guam and Saipan, the latter I have to admit I had to search Google Maps to find.
Suspect the board is going through the classic business is running well, top of the share price cycle, lets do something stupid instead of concentrating on the company they already have phase.
A few years before I will know if I am right.
Best Wishes
Paper Tiger
Instos liked the offer - $5.15 a great price
Still a lottery though as to what bonus one might get if one doesn't participate in the Retail Offer
Dominos on fire in ANZ - These results give us confidence to upgrade our guidance for Australia and New Zealand same-store sales, with +12-14 per cent growth expected this year
Pizza Hut NZ definitely not achieving these sort of growth rates
........on the other hand last year Dominoes reported they added 184 new stores and acquired another 302.
How do RBD's Pizza Hut stores stack up profiitwise against their KFC stores - on a per store basis?