Thats what kebab shops and 2 4's are for.Quote:
quote:Originally posted by Scuffer
I agree but are they open at 5am and all over the country.
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Thats what kebab shops and 2 4's are for.Quote:
quote:Originally posted by Scuffer
I agree but are they open at 5am and all over the country.
nah that doesn't work for me a good curry after a night on the beer thats the bomb
not much mopping up today scufferQuote:
quote:Originally posted by Scuffer
Someone is mopping up is it you Bling, or it could be Bricks I think he likes this stock.
everybody lost interest again ..... even though the recent volumes weren't all THAT high
Does anyone have the info on hand when they complete the renewals of the rest of their franchise licenses... Or at least when the dates come up etc.
yuor right winnere69 but I still think they have got to be a good deal at these prices, it will just be a bit of a wait they will come back up.
come on snoopy .... you must have gone .... tell us all about it
teh words were so positive .... quick count of +ve words v's -ve words is 90%+ positive
must have been a exhilarating performance and worth the entry money in itself
Yeah I tramped along to the AGM at the Rydges Hotel (the old Noahs I think), Winner. I suspect that after a bad year the directors thought they would hold the meeting in a quiet southern location to take some of the heat off. Boy were they wrong! Van Arkel was on the receiving end of a bollocking from all over the floor - particularly over the line he used 'growing shareholder wealth'. Someone had calculated that from listing ten years ago RBD had destroyed on average $200,000 worth of shareholder capital every week since. And while the meeting hotted up, the after meeting eats in the next room got cold!Quote:
quote:Originally posted by winner69
come on Snoopy .... you must have gone .... tell us all about it
the words were so positive .... quick count of +ve words v's -ve words is 90%+ positive
must have been a exhilarating performance and worth the entry money in itself
No radical announcements. Indeed I had to check my Annual Report to confirm that Van Arkel was not reading from it word for word. Profit guidance was reiterated for FY2008 at $9m to $10m net of one offs 'in accordance with market expectations', helped by the closure of another six red roof Pizza Hut Restaurants and the transformation of a further 8 KFC stores.
Management was asked whether they were able to benchmark their performance against the other eight privately owned KFC restaurants in New Zealand (87 RBD owned plus 8 privately owned means a total of 95 KFC outlets operate throughput New Zealand). They replied 'no' because these operators had a direct relationship with YUM, and RBD only dealt with them as customers for their own logistics arm. Danny Diab piped up and said that the RBD KFC operations benchmarked well compared to anything that was happening in Australia (he knew most of the Australian operators personally).
We learned that RBD headquaters have moved to a new single floor open plan location in Auckland which will save rent in future years. We learned that Vicki wasn't sacked but retired from her position after being burnt out with all the problems, particularly the close down in Australia, and that she no longer had the zest to carry on after ten years in the game. The agreement on the need for new blood was mutual with the board. That was Ted's tale anyway. More importantly when one shareholder was 'baying for names' to be accountable, we learned that Rod de Vreis had been given the task of turning around the Pizza Hut New Zealand side of things but we got warned not to expect any tangible results until FY2009. This I regard as good because Rod was the driving force behind the successful expansion of Pizza Hut in the Eagle Boys acquisition years. And finally we learned that the KFC renewal of license agreement (the other half of it) was due to be signed with YUM any day.
Sue Suckling came across as quite a fiesty new director. She had already made it known that she did not consider the Starbucks experience acceptable - the restauants were not clean enough and the chairs were uncomfortable for starters. It was disclosed that Starbucks management had been out from the USA and given RBD a rev up along similar lines.
During lunch, the directors and senior staff did make a particular attempt to circulate amongst the shareholders afterwards rather than huddling together in a defensive formation. I must say I was impressed at the freebies on offer. As much as you could eat - or was that as much as you could stomach - of Pizza Hut and KFC product(there was plenty left at the end even though the turnout of shareholders was good). I reckon I consumed about twenty bucks worth of stuff including a couple of Starbucks fruit frapppachinos. Then we got a take home pack of Starbucks 'fair trade' ground coffee and a free Starbucks drink voucher to boot.
See you all at the AGM next year?
SN
Good post Snoop. You eating all our profits at the AGM mate? LOL [:p]:D
I agree Starbucks is messy and dirty. Need not only good middle management but a new and passionate CEO to save this puppy. But then if the price is right, I am sure a predator will come and have a sniff for a possible meal. There are no major shareholders to hold them back from a hostile T/O. The RBD SP at these levels and lower is cheaper then Dominos coupon pizzas. :D
Why are chronically underperforming stocks so widely and deeply discussed? I've never been able to understand the attraction.
This one is even worse than TEL!
http://h1.ripway.com/Phaedrus/RBD628.gif
PHAEDRUS, I feel happy about people averaging down in dog companies like RBD, and TEL. I am happy to see the new CEO of TEL having a salary of 3,5 million a year in a company in a downtrend. I would hate it if these clown investors start to wise up, and be a threat in the real investing world. Some of those companies require mug investors, otherwise they would fold. Who the hell is going to buy my shares when the market turns?, so please dont educate to many of them, they are worth their weight in gold. Macdunk