65 cents the announcement has been pre-empted.....
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65 cents the announcement has been pre-empted.....
Tick....tock...tick....tock....
Will Pizza Hutt be gone by the end of next year?
An interesting comment this week from Domino's in the UK. They said that they were benefiting from the consumer slowdown as customers chose to order takeaways rather than eat out.
Domino's benefits from downturn
BD
09/10/2008
HALFYR
REL: 0948 HRS Restaurant Brands New Zealand Limited
HALFYR: RBD: Restaurant Brands Half Year Results Announcement
Directors' Report to Shareholders
For the Half Year ended 8 September 2008
Key Points
Net Profit after Tax for the half year (excluding non trading items) was $4.6
million (14.7% down on prior year). Reported profit (including non trading
items) was $2.4 million, down 47.3% on prior year.
Total revenues of $162.5 million were 1.1% down on prior year, but same store
sales were up 0.9% for the half, with KFC continuing to be the growth driver.
Non-trading items of $3.2 million largely comprised an impairment charge of
$2.5 million to the carrying value of goodwill on the Pizza Hut New Zealand
business.
Margins were impacted by continuing pressures on input costs with all three
brands producing lower contributions than prior year.
Directors have declared a fully imputed interim dividend of 3.0 cents per
ordinary share payable on 21 November 2008, the same level as last year.
That was two and a half years ago. You got that prediction almost right. Would you care to give another prediction of where the sp will be in another two years time. Even i being one of the harshest critics of this company thought the downtrend might have been less than it is. They have very little to lose now, after selling their properties in the good times, to pay rent in the bad times, then blow it on an overseas working holiday. Macdunk
7 cents if it is still in existence in 2 years time and Bricks might own 90%
See last weeks NBR had reports that Van Arkel had approached the government to nationalise RBD through the injection of new capital via preference shares that would take preference over ordinary shares in the case of liquidation. Of course these government owned shares would not have voting rights but it is understood that is a matter of contention Apparently Russell Creedy was doing all he could to keep KFC separate from the bailout plan
Last weeks NBR -- grab a copy for the full report
I’ve heard that John Key doesn’t want this to be a political issue and that both he and Helen Clark should sit down and take a bipartisan approach. Clark has denied – it looks like Parakura Horomia has been involved with this and been keeping Gerry Brownlie up to date. Hard to know where the Greens stand. On one hand they have sustainable chicken farming – on the other hand KFC food labelling could be a bit better. I’m not sure why KFC would be kept separate – its an iconic brand which has fed thousands of New Zealanders . Its rumoured that there are more servings of KFC than travellers through AIA or passenger bookings on Kiwrail.
That would explain why the Health Minister Annette King is quite keen on the idea. She says its a win win situation for everyone ... "shareholders recoup their investment via a certain fall in future hospital costs' ..... even though she would not be drawn on whther she would close the operation down to reduce obesity levels.
Maybe there’s a hidden message in Jeanette Fitzsimmons press release today: “"There are individual policies where we (the Greens) agree with the National Party, for example they helped us stop a law that would take away control of dietary supplements and they want to see more of the NZ Super Fund invested in New Zealand.”