Snoopy Check the history of the Sizzler stores in Queensland They were having a lot of problems some years back. It is five years since this cat lived in Queensland.
Printable View
Snoopy Check the history of the Sizzler stores in Queensland They were having a lot of problems some years back. It is five years since this cat lived in Queensland.
Went to KFC for the first time in at least 10 years, really just so I could spend the free voucher that came with the shareholder meeting info. It was pretty good actually.
We wondered what the venn diagram would look like of KFC customers vs KFC shareholders :)
SD
So your investment in RBD is just another hedging play, so you can keep getting fat on dividends and chicken wings.:)
hahaha! :)
Good operational results from Starbucks today, with per store sales up 6.2% on last year. It is a shame that 3 stores were lost in the Christchurch CBD. But that won’t affect RBD until next year when presumably the business interruption insurance runs out. Nevertheless I doubt that Starbucks after tax profit will be up because administrative overheads are being shared between six less stores for HY2012.
Pizza Hut per store sales down a further 13.5% from last years low figure is a bit of a disaster. I wonder if RBD can claim disaster insurance here for their disastrous management of Pizza Hut in New Zealand? Are any of the recently sold to owner franchiser stores doing better, now they are out from the RBD management umbrella? I am picking some more significant goodwill write-downs as RBD offload their Pizza Hut cast offs.
The KFC result with same store sales down 3.5% was a little disappointing. Disappointing that is, given all the hype around the ‘Double Down’ promotion that occurred over the period (even I bought one). What would KFC results have been like without ‘Double Down’? Perhaps that isn’t the question to ask. Overall I think the KFC marketing team did a good job in an otherwise difficult retail environment.
The October 19th headline profit result I predict will be headline poor. However, I believe that stripping out the non cash items, RBD has the cashflow to maintain their dividend at last year’s 7.0cps fully imputed. Likewise I will be maintaining my holding of RBD shares by not selling any. I don’t expect the RBD share price to be affected much because at $2.20 it is trading on such a modest earnings multiple.
SNOOPY
No more news on a flagship Taco Bell. I thought RBD would have fired another shot by now, perhaps in time for RWC. McD's has opened another outlet, not 100m from an existing.
Any insights?
Creedy on radio. No Taco Bell until RBD growth resumes.Quote:
No more news on a flagship Taco Bell. Any insights?
SNOOPY
The beatings will continue until morale improves; got it.
Market doesn't quite get it or they don't believe the guidance
RBD says H1 earnings down $5m and $20 plus comes off the market cap even though management says they will make the same in H2 this year as last year - so H1 only a one off sort of thing
Probably not time to piss punters off ... esp reducing dividends
Collins Foods in AU (owner of KFC and Sizzler in QLD) announced a shocker downgrade today less then 3 months after floating (ex private equity).
Downgraded by about 25% its 2012 proforma NPAT, stock down 24%.
So the new concept is soon to be launched
If they bring Audrina and Kim to the grand openings they should do well ..... or maybe a couple of NZ chicks should be used .... sex sells burgers according to carl
http://www.stuff.co.nz/dominion-post...for-Wellington
I'm looking forward to next years spiced up (hopefully) dividends, Audrina, Kim, Padma and Paris will make my day :)
The market seems to be happy with a move into an upmarket burger chain. Share price looks stable in a down market. At least management have now answered the question: "Where will the growth come from?"
I think it encouraging that RBD have elected not to go with Taco Bell. That shows independence of thought is still there at board level, despite the strong existing links with Taco Bell's parent YUM Brands.
The main negative I see is the restricted development in Auckland due to Michael Jones already operating a couple of outlets there. Michael may be a strong man, but corporates are always stronger. The long term strategy will be to wait for Michael to age then 'make the tackle' as the life force saps out of him. That will unite all of the Carl Junior Burger outlets under the RBD banner.
SNOOPY
Carls Junior? While I have bought from their I would hardly say it was an upmarket Burger chain. OK but middle of the road. Not a good move IMHO. NZ is too small to support extra fast food joints that are mediocre.
Agreed , they already gaining bad press for having Americas most unhealthy burgers. Some kind of mexican style chain would of been much better , shame they couldnt get taco bell
Snr. Rat
Mex is no answer - NZ not likes
Moving into Australia was their last grand plan for growth wasn't it? That didn't go very well.
Personally I think they should concentrate on making their existing business much better than they are. Pizza Hutt and Starbucks are a worry.
I remember attending their AGM three or four years ago when they first mentioned possible new business options. I remember being rather scared as Pizza Hutt was doing even worse than it currently is. I remember thinking if they did go ahead with new brands I would struggle to find reasons not to sell sooner rather than later. My feelings haven't changed as they haven't demonstrated any real ability to solve their existing problems. It seems a little bit like a couple having relationship difficulties deciding to have a baby.
Thankfully I don't need to worry as I sold a while ago to buy a house but I will watch this one with much interest.