Burgerfuel

[mattyroo]

If the directors are so naive to be propping the share price with such a little amount, they will be easily manipulated into losing a pile of heavily leveraged cash that they cannot jump over.

Id1ots.

[Onthemoney]

I still want to know who paid for the 1.2 million worth of advertising for the IPO. In relation to the net assets of the company this should not have been allowed - this goes against the directors fudiciary duty surely.

[whatsup]

I see that good old "wash trading " is still alive in NZ!!!!

[etrader]

quote:Originally posted by whatsup

I see that good old "wash trading " is still alive in NZ!!!!


Woooow biggest % mover on the stock exchange today back to $1.00 she's going to hit $1.20 soon so get ready to snap up those 30k shares when you're ready.

Well done

[jonny5]

Impressive.

what the deuce.

[Onthemoney]

Maybe someone wants to keep the market value close to $1 so there isn't a call on funds that have been borrowed to keep this a float.....

[Bling_Bling]

It is not hard to manipulate the SP when they own over 90% with no liquidity. Ask the guys at Plus SMS... LOL

[jonny5]

Bling

care to explain to this newbie?

[Nitaa]

folks. this is a growth story unfolding before our eyes.

not

[Onthemoney]

Hey bling they might end up with 100% if they keep picking up the sellers

[Onthemoney]

Strange to also see buyers sitting in at stop points for 1000 shares.....

[wsheridan]

quote:Originally posted by Onthemoney

Maybe someone wants to keep the market value close to $1 so there isn't a call on funds that have been borrowed to keep this a float.....
\
:D;) nice "call" Onthemoney

[shasta]

Whats with the window dressing & it's not the end of the quarter?

NZX speeding ticket tomorrow?

Disc: Haven't tried the food, but buy the shares you must be joking!

[peterb]

quote:Originally posted by jonny5

Bling

care to explain to this newbie?


The directors/founders collectively own about 47,275,000 shares. When the market price was $0.81 per share the value of their total holdings was about $38 million. Some posters have theorized that these people may have bought 1000 shares at $1 to prop up the share price, at a cost of $1000 dollars, to increase the market value of their collective holdings to $47.3 million, effectively creating a paper increase in value of 23.5%, or $9 million. Remember also this dudes didn't pay $1 each for most of their shares, only for the roughly 2,275,000 they had to buy to meet the IPO minimum.

[Scuffer]

Still think the wheels fell off this one before it floated, still got a few old bike frames for sale someone on this thread must be interested.:D[}:)]:D

[Balance]

Nothing wrong with BFW. It is a succesful business and now they have $6.5m to invest into growing the business. The price asked was way too high but it is no Feltex or XRO.

[Scuffer]

Hey Balance do ya want a bike frame going cheap!:D

[Footsie]

agree nothing wrong with the business

its the valuation !!

[CJ]

quote:Originally posted by Footsie

agree nothing wrong with the business

its the valuation !!


Agree.

[Balance]

quote:Originally posted by Scuffer

Hey Balance do ya want a bike frame going cheap!:D


Yes. Please deliver it to the Pike Point tip and send a cheque for $2500 for advice rendered. Will send you my bank account details via email.

[Onthemoney]

Yeah I think everyone is agreeing except for the price set by the owners.

[jonny5]

quote:The directors/founders collectively own about 47,275,000 shares. When the market price was $0.81 per share the value of their total holdings was about $38 million. Some posters have theorized that these people may have bought 1000 shares at $1 to prop up the share price, at a cost of $1000 dollars, to increase the market value of their collective holdings to $47.3 million, effectively creating a paper increase in value of 23.5%, or $9 million. Remember also this dudes didn't pay $1 each for most of their shares, only for the roughly 2,275,000 they had to buy to meet the IPO minimum.

Yup, this newb can follow that. Sheisty, makes them look solid on the surface but really they're accumulating more of something they surely can't afford to lose on (and will).

[peterb]

Jonny I do agree with others that BFW would have been an ok speculative proposition (thought I wouldn't have touched it with a bargepole) if the founder's take hadn't been so large. This apparent superficial price support however, if true, is certainly a sign of massive naievity about the market. They should let the market judge the share, thats the only way to make people trust BFW.

[John Mexted]

5,000 traded today at 81c.

No real buying interest. Plenty of sellers in comparision.

[Scuffer]

Hey Balance my bank account is in Nigeria is that a problem if not send me your account number and I will post the old bike frame, hope ya got a few more at 81cents today.:D

[warthog]

Some interesting reading about BFW - pre-IPO - here:

http://www.valuecruncher.com/wordpress/?cat=64

[Balance]

quote:Originally posted by Scuffer

Hey Balance my bank account is in Nigeria is that a problem if not send me your account number and I will post the old bike frame, hope ya got a few more at 81cents today.


Please send to Pike Point tip as requested. It's okay to direct credit my bank account from your Nigerian account. At least we know what kind of individuals operate from Nigeria!

[Scuffer]

Yup Nigerians with old bike frames, keep an eye on your account.[|)][}:)]

[Balance]

No worries, matey. Might even buy your old bicycle wheels for delivery to tip and charge you only $2000 for advice rendered.

[etrader]

VIB = "very interesting bribe"

Good luck burger investors might have flame grilled your capital

[Onthemoney]

:D "flamed grilled capital" nice one

or "would you like lies with that"


I know of 3 gourmet burger joints around my area in Brissy

Still haven't found out who paid for the advertising. Does anyone know?

[Onthemoney]

Not sure.... But surely the costs of advertising should have been paid for by existing holders.... There is certainly a lot of debt on their books though.

[Alkie]

OTM...they raised under $6m from investors and burnt 20% of that on advertising?

is that correct:eek:

I heard this is what happened, something like $1.2mil on the IPO was spent, a fair chunk was on the ads

[Onthemoney]

I heard this is what happened, something like $1.2mil on the IPO was spent, a fair chunk was on the ads


Very interesting - was this transparent from day one?

[Onthemoney]

Very interesting - was this transparent from day one?


Actually I find this hard to believe that an IPO could be run and the expenses paid for from monies collected.....

[Alkie]

I may have been a tad misleading - I think the entire IPO cost that much including the fee etc.
I can't find the article on it, but it was one of the most expensive IPO's in terms of Ratio of cost vs money raised. Below is a snippit from NZHerald
'It had sought customers as shareholders but the advertising, which included a TV campaign, aimed to promote the Burger Fuel brand as well as the float, he said.'
I guess this means that they sort of did, sort of didn't - regardless it was a good way to spend the funds money in terms of lifting sales/public awareness (for them anyway, not necessarily the new shareholders)

[Onthemoney]

I may have been a tad misleading - I think the entire IPO cost that much including the fee etc.
I can't find the article on it, but it was one of the most expensive IPO's in terms of Ratio of cost vs money raised. Below is a snippit from NZHerald
'It had sought customers as shareholders but the advertising, which included a TV campaign, aimed to promote the Burger Fuel brand as well as the float, he said.'
I guess this means that they sort of did, sort of didn't - regardless it was a good way to spend the funds money in terms of lifting sales/public awareness (for them anyway, not necessarily the new shareholders)


Yeah very interesting at someone elses expense. If only we could do it for our own brands.

[Scuffer]

Well Balance where are you my friend off flogging a dead horse even you must now admit that you were sold a pup on this little gem.

[AMR]

Someone wants to buy 100 shares for 70c each. At that price brokerage is half the cost of the order. I'm guessing that's their idea of averaging down?

[moe]

Or a partial order?

[Onthemoney]

Someone wants to buy 100 shares for 70c each. At that price brokerage is half the cost of the order. I'm guessing that's their idea of averaging down?

Got to hold the price up some how.

[OldRider]

I suspect this might be the remnant of an order not completely filled at this price.

[jonny5]

An uncompleted buy order for BFW? I call shenanigans!

[Hoop]

Bids
Quantity No. Price
100 1 70
4,500 1 65
1,000 1 57

Asks
Price No. Quantity
75 1 10,000
80 2 2,100
81 1 400
83 1 5,900
90 1 10,000
91 1 10,000
100 1 3,000
102 1 2,000
110 1 5,000

Recent Trades
Price Volume Time Cond
75 10,000 09:59

[mccollr]

This was never going to fly. The value of the company compared to turnover was a shocker from day one.:(

[Toddy]

Would it be fair to say that there is a correlation between Otago/Canterbury University students drawing bail money and the current softness in the BFW share price.

[STRAT]

Would it be fair to say that there is a correlation between Otago/Canterbury University students drawing bail money and the current softness in the BFW share price.LOL :D:D:D

[upside_umop]

haha!
my mate got the boot from the cook and he heaved a string of offensive words at the wall outside and got locked up haha..but then, sunday morning, one cop told us (in our undi van) to f*** off as we were leaving town. nice of him..

as a student, i did put a big avoid on bfw from the beginning and warned anyone else even thinking of it....like i said, i will pay 20 cents a share for it..35 down, 45 cents to go. :D:D:D

[Scuffer]

I kicked this one before they listed and it has nosedived from the start I just couldn't see how anyone could see it as a viable option to throw hard earned cash at

[AMR]

I was speaking to a fellow student last week who was quite keen on it but ended up not buying.

His justification went something along the lines of :

"BFW stock is only $1. Westpac stock is $33 dollars. Therefore it's cheap and good value."

[Scuffer]

As I've said before I've got an old bike frame they can have, going cheap cheap chippity cheap cheap.

[Dr_Who]

How much money did they spend on promoting the IPO? Wouldnt get much change from $1 million?

[Scuffer]

Yup your right and all this does is scare away genuine first time would be investors

[Onthemoney]

When will this share reach the price it deserves?

[upside_umop]

I was speaking to a fellow student last week who was quite keen on it but ended up not buying.

His justification went something along the lines of :

"BFW stock is only $1. Westpac stock is $33 dollars. Therefore it's cheap and good value."


haha yeah, im sure you would find a middle aged unskilled worker with the same mentality.

but..i bet he thinks his analysis paid off! :D:D

[boysy]

when the directors develop a brain or a fair valuation whichever is first i presume

[upside_umop]

when current shareholders are smart enough to sell down..down, down, down down...

[Onthemoney]

when current shareholders are smart enough to sell down..down, down, down down...

Yeah I am waiting to catch. Pity the major shareholders own so many as I wouldn't mind picking up a few when they reach 10 cents. Not worth it with so little available until the period is over that they can't sell.

[Nitaa]

65c yesterday OTM, hope you are joking about buying

I guess 10c means $6m market cap? about right:D
even then 10 cents is about 5 cents too high.

major shareholders are not stupid. the stupid ones are the ones who invested into this stock

[Onthemoney]

65c yesterday OTM, hope you are joking about buying

I guess 10c means $6m market cap? about right:D

Yeah. Will get in before Nita.....

[Onthemoney]

even then 10 cents is about 5 cents too high.

major shareholders are not stupid. the stupid ones are the ones who invested into this stock

Yes price is only a measure - whether it is correct is another story I suppose....

[Dr_Who]

They will find it hard to raise anymore capital, especially so at around 10 cents.

[jonny5]

Here's a newbie question:

Are there no rules on the NZX revolving around honesty to shareholders. My angle here is that everyone could clearly see the $60M valuation done by the BFW team was an order of magnitude out, yet they still went ahead. Anyone?

[Toddy]

Johnny5

The market sets the valuation, not the NZX.

If the directors had a questionable record then the NZX would have not allowed them to list. Example, Bridgecorp tried and failed several times to list on the NZX.

As for the BFW float valuation, 20 cps would have been a more reasonable valuation to list at. The market thought as much, hence the float was a massive failure and the management had to cough up to make it work.

[Scuffer]

Who said it is working ?

[jonny5]

I suppose a measure of success is the fact that I can visit www.nzx.com, type in BFW and see that they are indeed listed.

[Toddy]

RELINT: BFW: Disclosure of Directors and Officers Relevant Interests

Emm, directors selling down stock within 12 months of a new listing. Its not a good look.
If this stock was more liquid then one would be led to believe that the diretors 'sell down' would be some what larger.

[Dr_Who]

The question is who is stupid enugh to buy it? There's another 22 million shares if anyone wants it... LOL

[FTG]

RELINT: BFW: Disclosure of Directors and Officers Relevant Interests

Emm, directors selling down stock within 12 months of a new listing. Its not a good look.
If this stock was more liquid then one would be led to believe that the diretors 'sell down' would be some what larger.

Dude,

I suggest you read the disclosure doc's a bit more closely!

Both of the two Directors noted are actually the key s/holders (via various trusts etc). Hence the transactions are just moving the chairs around on the deck, including some "gifting". I think from memory the owners also put in place a lockout out period of at least 12 months for selling any shares.

Admitedly these NZX disclosure doc's are a nightmare to read at times!

[Toddy]

Dude,

I suggest you read the disclosure doc's a bit more closely!

Both of the two Directors noted are actually the key s/holders (via various trusts etc). Hence the transactions are just moving the chairs around on the deck, including some "gifting". I think from memory the owners also put in place a lockout out period of at least 12 months for selling any shares.

Admitedly these NZX disclosure doc's are a nightmare to read at times!

Can you help me out here then. It says 'co-trustee of JCR Investment Trust'. Hence the director of BFW does not have sole control. So, a simple man may be led to thinking that 'gifting' to a third party is the same as 'selling' to a third party.

[Scuffer]

You're generous the only reason it hasn't fallen further is a lot of the numpties who bought are hoping like hell they can get it back to a dollar or they would all be out on a stop loss don't get knocked over as they all shuffle out of the cellar door.

[Nitaa]

I dont know how many investors are people who often buy their burgers. But as the trend is likely to continue many will feel duped and stop going to burger fuel as a protest.

I would be very surprised if any one of the sharetrafers here own this stock. If they do i believe that they would be too embaressed to admit it.

[STRAT]

20-30cps was all it was ever worth TOPS5-15 I would have thought. 10c by the end of next year.

[shasta]

5-15 I would have thought. 10c by the end of next year.

Make that 9c the company through its deal with Yellow Fever (Wellington Phoenix supporters) provides for free chips on any burger purchased!

And..to add to that its on Courtney Place directly across the road from the Electric Avenue Bar (another Yellow Fever/Wellington Phoenix sponsor/supporter).

The Phoenix are playing tonight & after a few brews at the Backbencher the fans will likely follow the team to the Bar afterwards.

Now free chips doesnt sound like much, but i would have thought the fast food industry's margins werent that large to accommodate that in the first place!

Pity we cant short this stock!

[BRICKS]

Meanwhile Mr Chips is selling and can not make enough to keep up with demand why would you want to give them away.. ??

[FarmerGeorge]

Nita:

I dont know how many investors are people who often buy their burgers. But as the trend is likely to continue many will feel duped and stop going to burger fuel as a protest.

I would be very surprised if any one of the sharetrafers here own this stock. If they do i believe that they would be too embaressed to admit it.


I think someone mentioned this before IPO and perhaps we didn't think seriously enough about it but the inexperienced investor who now won't buy burgers as a result of poor share performance, creating a vicious cycle could be a major influence. Runing into the second point, there probably aren't too many experenced investors on the register so the number of 1000 share holding customers could be significant. Pity really I honestly would have bought in to BFW if it had floated at a realistic price.

[STRAT]

Now free chips doesnt sound like much, but i would have thought the fast food industry's margins werent that large to accommodate that in the first place!

Pity we cant short this stock!Actually I think the margin on fries and soft drinks is huge which is why the likes of MacDonalds have the up size me policy.

[FarmerGeorge]

In another life I worked in the bar/restaurant game and there certainly is excellent margin in the fries and drinks (although Burgerfuel tend to use bottled drinks so less margin than McD's postmix cups). That's why it makes no sense to give the fries away: you're giving away your major producer of gross profit. I'd say they make reasonable GP on the burgers but the labour costs are much higher so if they're giving away free fries they had better be selling a shtruckload of burgers.

[strayda]

The whole issue was a joke. NZX should never have allowed such a high listing price- it leaves everyone with a bad taste in their mouth.

[trackers]

haw haw haw!


The directors of BurgerFuel Worldwide Limited (BFW) today reported an un-audited loss of $1.35 million for the three-and-a-half month period to 30 September 2007, of which $991,000 represented costs associated with the company's Initial Public Offering (IPO).

..

hey say continued losses of $50,000 per month are anticipated, but expect these will progressively reduce as additional stores are opened.

[Onthemoney]

What a joke. Like to know what the costs were. Costs to advertise their own company for sale.

Stand well clear. No wonder the IPO failed.... No transperency as I pointed out ages ago.

[Dr_Who]

Cost $1 million to do an IPO?? WOW! That is staggering for a firm that size. Oh well, at least the CEO didnt spend all the funds on a ferrari or call girls on his boat. LOL

[upside_umop]

Those floatation costs would have been half acceptable if it had raised the full 15 million...but given it didnt even reach the 8 million (around 5.75mill to my memory?) represents a very high floatation cost %.

0.991/5.75 = 17%...thats crazy...

Any sp/market cap predictions by this time next year?

Ed. Did reach 8 million but 5.75 was from public and other from founders... still about 12.4% costs.

[trackers]

It shows that they were willing to sell off their shares at any cost to the company

[etrader]

the only reason the directors bought into the float was to get the dog to market, the IPO costs should have been worn by the founders not the suckers that bought in, this was just a good way for these guys to exit in the future thanks to the public who gave them all the $ they required to keep building this firm. I would be peaved if i got invited as a VIB member or what ever they called it to fork out my hard earned cash at $1 a share only to loose 40% within a short period of time.

Can not believe they were trying to value this firm at $60 million given the fact they owned one possibly two stores outright and clipped the ticket on all the buns and mayo that went through head office.

Good luck to ya flame grilled money getting chargrilled by the owners.

PS: their burgers are yummy

[I.T.Ancient]

PS: their burgers are yummy

Yes I went to the store on Queen Street and was pleasantly surprised.

No surprise that the sp is tanking though with the owners trying to jump to multi-millionaire status before completing the hard yards.

[Dr_Who]

How come Below 42 (ftb) managed to value their company at $50 million and got the IPO off the ground while these guys couldnt? Both IPO was way over valued.

[Onthemoney]

I can't believe that the costs of the IPO have been worn by the new shareholders - does any one know the legalities of this.....

[warthog]

Yes I went to the store on Queen Street and was pleasantly surprised.

No surprise that the sp is tanking though with the owners trying to jump to multi-millionaire status before completing the hard yards.

Some of the owners are already multi-millionaires.

[warthog]

How come Below 42 (ftb) managed to value their company at $50 million and got the IPO off the ground while these guys couldnt? Both IPO was way over valued.

Valuations are pretty damn subjective, as Snoopy and Grant Samuel will tell you.

Different people. Different market. Different time. Different context.

In fact, Dr. Who, the hog would be interested in what the two companies had in common (realistically-speaking) - can't see much myself.

[Onthemoney]

So there would be nothing stopping them spending half the money that they want to raise in promoting their company so they can in effect pocket the rest for their current shares ie I want to raise 30 million in an IPO of a company I value at 60 million and 100% own. I will spend a fortune promoting it and then pocket the remainder when I sell down the shares.

Buyer beware I say....

[Dr_Who]

In fact, Dr. Who, the hog would be interested in what the two companies had in common (realistically-speaking) - can't see much myself.


Both are very high risk and should have gone through the private equity stage first before listing. Both do not make a profit and will not do so for a number of years forward. Both are way over valued at the IPO stage. Only the naive would have bought at IPO.

[Toddy]

Based on the above comments the time is almost here for me to put together my new business plan for a chain of fish and chip shops.

Who wants to be a director.
And i'll need an accountant, lawyer, IPO manager, kitchen cooks, someone who knows about leasing property, someone to select the music for our state of the art sound systems and a whole lot of beautiful girls.

Target market for IPO. Well Burger Fuel took out the students so I'm going to aim for the beneficiaries market.

Names..... emm, what about 'Something fishy'.

[warthog]

Both are very high risk and should have gone through the private equity stage first before listing. Both do not make a profit and will not do so for a number of years forward. Both are way over valued at the IPO stage. Only the naive would have bought at IPO.

Both were listed on the NZX. Both are NZ companies. Both have a "brand component".

Come on - these are pretty shallow comparisons. FTB and BF are quite different. One is a brand, the other is a branded franchise. Different people. Different time.

Xero didn't go through any PE stage, is not currently making a profit and some say overvalued at IPO. Xero as a company has bugger all in common with either BF or FTB.

Also, who said that companies should go through any prescribed stages before listing anyway?

Private equity generally get involved in turnarounds, restructuring, rebranding and so-forth. If there is any "usual" path to listing it would be founders > angel investment > venture capital > listing. To suggest that high-risk businesses should go through a private equity stage before listing is demonstrating that you don't know what you're talking about.

[STRAT]

Based on the above comments the time is almost here for me to put together my new business plan for a chain of fish and chip shops.

Who wants to be a director.
And i'll need an accountant, lawyer, IPO manager, kitchen cooks, someone who knows about leasing property, someone to select the music for our state of the art sound systems and a whole lot of beautiful girls.

Target market for IPO. Well Burger Fuel took out the students so I'm going to aim for the beneficiaries market.

Names..... emm, what about 'Something fishy'.Smells Great, count me in

[Scuffer]

I wanted to open a load of cheap open all hours curry houses like they have in Bradford it would be a hit, have ya tried to get a curry in NZ after midnight,no chance they are either making too much money or Kiwis are still having their palates fire proofed, personally I moved off meat an two veg years ago I went travelling.Anyone want to back me maybe I should ring the NZX or BFW and ask them if they want to help.

[Toddy]

I wanted to open a load of cheap open all hours curry houses like they have in Bradford it would be a hit, have ya tried to get a curry in NZ after midnight,no chance they are either making too much money or Kiwis are still having their palates fire proofed, personally I moved off meat an two veg years ago I went travelling.Anyone want to back me maybe I should ring the NZX or BFW and ask them if they want to help.

There is definately a market here in NZ for that now. One of the local Indians has opened up several Indian takeaways in the food courts around Tauranga and by the looks of things makes loads of cash.

I'm not too sure who you would use for the advertising though as its not really the style for second rate x All Blacks or League players. Then again, maybe Brent Todd would fit the bill..... a curry on the run.

[QOH]

Based on the above comments the time is almost here for me to put together my new business plan for a chain of fish and chip shops.

Who wants to be a director.
And i'll need an accountant, lawyer, IPO manager, kitchen cooks, someone who knows about leasing property, someone to select the music for our state of the art sound systems and a whole lot of beautiful girls.

Target market for IPO. Well Burger Fuel took out the students so I'm going to aim for the beneficiaries market.

Names..... emm, what about 'Something fishy'.

Please can I just be in charge of designing the company logo , and thinking of the mission statement. I promise not to charge more than $500,000. I know I'm cheap.

[upside_umop]

Both are very high risk and should have gone through the private equity stage first before listing. Both do not make a profit and will not do so for a number of years forward. Both are way over valued at the IPO stage. Only the naive would have bought at IPO.

Both are high risk = yes
PE = No, HOG explained
Profit = BF no, FTB could have made profit but opted for further growth.
IPO = BF yes, FTB = no, as the shareprice almost doubled after IPO, and was subsquently a takeover which gave the shareholders at thirty something % premium to previous days close, and an annualised return of something pretty tasty aswell.

I had bought in 2 weeks before takeover...but took a long time before the monies was paid out :(

[Radar]

THE NICKY WATSON AWARD FOR OVER-INFLATED ASSETS

Burger Fuel, which spent more than $1 million promoting a float - including a slick media campaign aimed at its customers. Its listing price of $1 valued the company at $53 million - a figure which drew a great deal of scepticism from brokers and media. Its shares closed yesterday at 58c. Would you like to downsize that order, sir?

:D

[Scuffer]

I would say this one has had its chips.

[tim23]

Well done upside whatever - 42 below was in a slightly more attractive sector I think - this stock is a dud

[Radar]

Investors would have fared better if they'd pooled their funds and bought MacDonald's franchises. Burger Fuel are nice "sometimes", "pricey", but hardly a mainstream household name or an embedded component of NZ culture like MD's.

[Steve]

One Burger Fuel shop flame-grilled (http://www.stuff.co.nz/4340555a10.html)
Damage to the ground floor tenants Burger Fuel and Cubita cafe, was extensive

Bad news as they will miss out on the large Courtney Place crowds for New Years eve...

[Tok3n]

The burgers are so expensive

How can they not make a profit?

[Scuffer]

The burgers are so expensive

How can they not make a profit?

Simple really they made it when they floated the idea, lets see if they lose it when it sinks.

[Lebowski]

Down to 42 cents today:eek:

[FarmerGeorge]

I love that quote from Brook, essentially explaining how "lack of supply drives down prices". How could anyone buy shares in a company with a chairman who comes out with that?

[peat]

At least it explains the business strategy of opening lots of new burger stores.... as an increase in supply will drive up prices :p

[trackers]

now 42 below:D


Market cap now $22m from actual $53m from $60m wanted


Many on this site have given buy levels
OTM 10c
Nita 5c


I wonder when some sort of depth will build...around 20c?

Geez you'd be keen buying in at .20???? 3/4 of that I'd pickup a few (0.15)

[AMR]

I noticed on findata they now have options exercisable at $1.00 2009 Feb. Who wants to be the first to pass the parcel?:D

[AMR]

A raging uptrend!!Up another 10% today!! This must be the buy of the year!!

Oh wait, still down 45% for the year.

[trackers]

A raging uptrend!!Up another 10% today!! This must be the buy of the year!!

Oh wait, still down 45% for the year.

I smell some averaging down ;)

[STRAT]

and remember this:D

"Company chairman Peter Brook said not much could be read into the share price change because there was very little liquidity in the stock.

"There are just not the shares out there to buy. I think if you wanted to buy 30,000 or 35,000 you would be paying $1.20 per share," he said."




not too far out Peter LOLI think that was a fair comment by PB other than the fact he got his decimal point out by one place:D or two :eek: He must be counting his lucky stars it is iliquid eh?

[shasta]

I think that was a fair comment by PB other than the fact he got his decimal point out by one place:D or two :eek: He must be counting his lucky stars it is iliquid eh?

Well i can inform you that the Courtney Place branch was gutted by a recent fire & looks to be slow in rebuilding it!

So there meagre earnings will be lower!

Disc: Havent been there, despite my Wellington Phoenix membership giving me free chips :D

[STRAT]

Well i can inform you that the Courtney Place branch was gutted by a recent fire & looks to be slow in rebuilding it!

So there meagre earnings will be lower!

Disc: Havent been there, despite my Wellington Phoenix membership giving me free chips :D Slow to rebuild eh? perhaps they are low on cash :D
So they now have what? 4 stores?

[shasta]

Slow to rebuild eh? perhaps they are low on cash :D
So they now have what? 4 stores?

Perhaps a rights issue coming up at 25c (incl free burger voucher?) :D

[Crypto Crude]

This stock was a crap IPO and we all knew it...
how about change name to 'burger mule'....
:cool:
.^sc

[Steve]

I noticed on findata they now have options exercisable at $1.00 2009 Feb. Who wants to be the first to pass the parcel?:D

Someone is trying to sell their $1.00 options for $1.00! Let's see if someone is willing to effectively pay $2.00 for a share in BFW... :D

[Dr_Who]

Someone is trying to sell their $1.00 options for $1.00! Let's see if someone is willing to effectively pay $2.00 for a share in BFW... :D

**** happens, so dont laugh. Look at all the jokers that paid $1 at the IPO.

[Grimy]

Passed BurgerFuel New Lynn this afternoon at about 1.15pm. I would have thought a prime selling time. Plenty of traffic and people about.
Number of customers..........0.

[Lebowski]

Ditto Lower Hutt when ever i drive past it max customers seem to be about 3 or nil.Must try one someday.:eek:

[kizame]

I think their main selling time is dinner time til after pub and club closing time,so you are probably seeing them at their quietest time.

Have had them numerous times and the burgers are real good,go for the bastard burger with wedges yum. Pricey but worth it,considering what you would pay in a restaurant for a full meal,these fill you up,and if you don't believe me try going through two burgers.

[Grimy]

I think their main selling time is dinner time til after pub and club closing time,so you are probably seeing them at their quietest time.

I'm not a shareholder -who is?- but if you were you'd like to think they could extend their selling period over the day. Overheads, staff costs are still there, but with little/no turnover.
I don't think you have to be Gordon Ramsay to see the problem.

[kizame]

I'm not a shareholder -who is?- but if you were you'd like to think they could extend their selling period over the day. Overheads, staff costs are still there, but with little/no turnover.
I don't think you have to be Gordon Ramsay to see the problem.

It's a niche market,the punters whom buy their products would be employed,not housewives,(not that housewives aren't employed)but I suppose they must pick up enough trade over the quiet period to justify being open,or I guess they wouldn't be.

But yes the ideal would be to have a more even flow of customers through the day.

Not a shareholder,as they would have to be the Michael Hill of fast food for that to happen.

[shasta]

It's a niche market,the punters whom buy their products would be employed,not housewives,(not that housewives aren't employed)but I suppose they must pick up enough trade over the quiet period to justify being open,or I guess they wouldn't be.

But yes the ideal would be to have a more even flow of customers through the day.

Not a shareholder,as they would have to be the Michael Hill of fast food for that to happen.

Burger Fuel seems to be an attempt to cater for the younger market, instead of say Burger Wisconsin, whose target market is more the family orientated/gourmet burger range.

I wonder how the new McDonald's "make fresh" campaign is hurting them?

I also see Burger King has a new range of cheaper burgers/combos.

Burger Fuel was a good idea, although IMO not a sound business one.

Perhaps the owners saw the Hell's Pizza franchises sold off to a bigger competitor & hoped for the same?

Am waiting for the rights issue @ 25c (with free burger voucher :D)

Disc: Never touched BFW

[Sideshow Bob]

World Domination here they come.........................


BurgerFuel signs deal to enter Dubai
New 5:58PM Monday May 05, 2008

Fast food company BurgerFuel has signed a deal expanding its franchise into Dubai.

It is the first master franchise agreement signed by BurgerFuel Worldwide, and will see the company's gourmet burgers on sale in the Arab Emirates state before the end of the year.

The company says it chose Dubai for its first store outside Australasia because of the city's rapid economic development and high profile.

The first BurgerFuel store will open in Dubai's 1,300-acre Festival City, one of the region's top retail destinations.


http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10508075

[Nitaa]

good on them for giving it a go. I was one of the first to slag this company and i will be one of the first if they can turn this lemon into an international successful fast food outlet

[STRAT]

good on them for giving it a go. I was one of the first to slag this company and i will be one of the first if they can turn this lemon into an international successful fast food outletI agree Nita, I would love to see em make me eat my words and will do so as long as I can put em in a toasted bun:D

[Dr_Who]

How much cash do they have left in the accounts? Wont be cheap going global. Not many NZ firms can make it globally without burning cash like wild fire. One would have thought they would concentrate on putting together a good foundation in NZ and Aussie before venturing off into the woods.

[Onthemoney]

A few trips to Dubai coming up that will burn a bit of cash...

[craic]

Looking forward to the Camel-Flavoured Pork pie they are going to introduce in Dubai.

[Steve]

Has the Wellington store re-opened following the fire?

[dragonz]

BFW
09/10/2008
DIRECTOR

REL: 0910 HRS Burger Fuel Worldwide Limited

DIRECTOR: BFW: Burger Veteran Joins BurgerFuel Worldwide

With the appointment of its new director, Alan Dunn, BurgerFuel Worldwide
will access his 30 plus years of international and Australasian business
experience with the global food giant, McDonalds.

Starting at age 25 his career spanned every facet of the business until his
retirement from McDonalds in March last year. He helped found the company's
New Zealand operations and held the role of McDonald's Chairman and Chief
Executive Officer here from 1993 to 2004.

Following this he transferred overseas as Vice President Operations at the
company's head office in Chicago and subsequently held the position of
Regional Vice President and Managing Director, Nordic Region, with
responsibility for around 500 McDonalds restaurants across Sweden, Finland,
Iceland, Denmark and Norway.

Alan Dunn says he is excited by the potential he sees in BurgerFuel and the
opportunities and challenges it faces in the global gourmet burger market.

"This is about the opportunity to help internationalise a successful kiwi
hamburger brand, which in my view has the potential to be a global success.
I'm looking forward to making a contribution from my many years of hands-on
experience with the practical and strategic demands of growing an
international fast-food brand."

Chairman of the NZAX-listed gourmet burger chain, Peter Brook, says that Alan
Dunn will bring a wide range of international skills to the business at a
time when the company is beginning its international expansion programme,
with the first BurgerFuel outlet planned for Dubai and further expansion
anticipated in the GCC region.

"It is particularly exciting when a person of his experience identifies the
global potential and uniqueness of BurgerFuel and endorses it by committing
to the challenges required for us to scale-up our operations and take our
concept to the world."
Peter Brook says that in addition to his strategic and governance skills,
Alan Dunn will work closely with BurgerFuel's CEO Chris Mason and executive
director Josef Roberts, in areas such as international franchising, operating
systems, supply chain management and the refining of store formats for
international roll-out.

Chris Mason, Burger Fuel's CEO says "after 13 years at the coal face of this
challenging industry it is amazing to have a man like Al on board. He knows
what it takes to build a global company and has an eye for the details like
consistency, robust systems, and the foresight to meet ever changing customer
needs and expectations. Al believes in BurgerFuel and what it stands for,
along with our ability to be a leader in the industry both nationally and
internationally, which is a significant statement from a man with such
enormous knowledge in this business"

Josef Roberts says that he is enjoying working with Al "He's a great guy with
a personality that fits our brand, our board and our team which are essential
criteria. We are really delighted to have him join us".

BurgerFuel now has 25 stores operating in New Zealand, as well as two in
Sydney. It recently launched its new flagship store on the lakefront in Taupo
and has also just opened in Johnsonville. More stores are due to open in the
coming months, including Windsor Park in Auckland.

For further information:

Josef Roberts
Executive Director
Burger Fuel Limited
P O Box 14 7320
Ponsonby
Auckland
New Zealand

T: +64 9 376 6007
F: +64 9 376 6026
M: +64 21 444 786

www.burgerfuel.com
End CA:00171247 For:BFW Type:DIRECTOR Time:2008-10-09:09:10:35

[dragonz]

Stores in Dubai due to open by the end of the year.

Launching pad for the rest of the World perhaps :rolleyes:

I wonder how you say Ring Burner, Bastard Burger or Slick Chick in Arabic

The Buzzard Bourghinis should be popular though :D

[hesiod]

Why would you buy a whole lot of cultural food issues in the current climate ! Halal burgers ?

[dragonz]

BFW
02/04/2009
GENERAL

REL: 1700 HRS Burger Fuel Worldwide Limited

GENERAL: BFW: BFW - BurgerFuel puts pipeline into Saudi Arabia & Bahrain

BurgerFuel has announced today that it has signed its second international
master licensing agreement outside of Australasia, in the Middle East. The
deal is for the two countries of Saudi Arabia and Bahrain.

The agreement has been signed with the Abdulla Fouad Group, a major Saudi
Arabian corporation, based in the eastern province of Dammam, in the Kingdom
of Saudi Arabia.

BurgerFuel Chairman Peter Brook said that the deal is significant for
BurgerFuel for many reasons, but especially because of the high reputation of
the corporation and its founder.

"The Abdulla Fouad Group is ranked within the top 100 companies in Saudi
Arabia. The company has major connections and it holds the agencies for many
large international brands in Saudi. They also have diverse interests in real
estate, oil, telecommunications and numerous other industries. They are well
respected as one of the most prominent families in the eastern province of
Saudi Arabia" says Mr. Brook.

The deal will involve the construction of BurgerFuel stores in Saudi Arabia
and Bahrain. The outlets will be operated under master license to BurgerFuel
Worldwide (BFW) the NZAX listed company. As master franchisee Abdulla Fouad
Group will fully fund store construction and operational costs. Through its
licensing agreement BFW will support the brand and earn up-front territory
fees and on-going royalties based on store turnover.

BurgerFuel Executive Director Josef Roberts said that a strong relationship
had been formed with the principals of the Abdulla Fouad Group. "There is a
lot of respect both ways for making this deal work and we think if we get
this right, we will have a strong partner that could lead to other
opportunities". He said that "Saudi should be a good market for BurgerFuel -
it has a population of around 28 million, with a large majority of young
people, who want western concepts. Convenience food has become a large part
of their culture".

BurgerFuel is currently working to establish itself in Dubai and within the
UAE and signing the additional neighbouring countries of Saudi Arabia and
Bahrain "will add economies of scale to its expansion within the Middle East"
says Roberts.

"Its hard work in every country right now, but things are happening and we
just have to keep focused and stick to our objectives. In the end we are not
in luxury goods, consumer goods, property or cars - we are in food - well
priced, high quality food and people have to eat every day. If we can get
some runs on the board in this market, then in my view we have every chance
of one day reaching our goals of becoming a global brand" says Roberts.

BurgerFuel has 26 outlets in NZ and 2 in Australia. It is due to open its
first outlet in Dubai this year under a master license agreement with the
Alphamed Group. Roberts said that "they have had difficulty finding quality
locations in Dubai and have not been prepared to compromise." He said that
"real estate in Dubai is now freeing up and becoming far more realistic on
rental price" but that in Saudi "their partners owned the shopping mall where
the first site has already been selected." He said that the first Saudi
outlet would open this year.

Contact

Josef Roberts
Executive Director

021 444786

[Silverlight]

BFW Spread up 50%.

4736 0.45 0.6 1000
1650 0.32 0.65 2520


Obviously the liquidity is very very small, but this price shift is very bullish from 6 months ago when the spread was more like:


10,000 0.12 0.32 50000


An announcement about Dubai developments coming soon maybe.

[Silverlight]

BURGERFUEL STRIKES OIL IN SAUDI ARABIA!!!

https://www.i-search.nzx.com/blobs/NZXBFW/2010/326342/NZXBFW-114021.pdf

Haha great title :)

[Balance]

Can't fault the guys at the company for getting on with the job despite a lot of negativity.

Good on them.

Let's hope they succeed.

Tried one of their burger combo recently and thought they deserve to succeed - quality and quantity, great taste as well.

[percy]

[ried one of their burger combo recently and thought they deserve to succeed - quality and quantity, great taste as well.[/QUOTE]

Balance.
This must truely add new meaning to a gut feeling for a share.
follow your guts.

[Silverlight]

Currently no sellers!

8000 0.42
1000 0.41
5000 0.41
1200 0.38
2000 0.3
2000 0.21

All buyers on the orderbook.

[Silverlight]

Missed this article from May 3rd, but thought I would post it up:

http://www.stuff.co.nz/business/small-business/3648780/Saudi-families-queuing-up-for-Kiwi-burgers

[Silverlight]

BFW - Notification of Allotment of Securities

Burger Fuel Worldwide Limited, hereby advises that its board of directors has approved the allotment of the following shares to certain directors, the company secretary, its chief financial officer and accountant in lieu of paying cash for the provision of services rendered or in lieu of paying a cash bonus.

Number issued: 197,647 @ 42.5 cps

Not sure if many people follow BFW, but this is both positive and negative. First they potentially don't have enough cash to pay directors etc, but the positive is that directors are buying shares at these levels, albeit indirectly.

If we don't see any director & officer relevant interest notices of them selling as they are required to do, this becomes a more positive sign, along with Dubai, which looks to be developing well.

[Silverlight]

http://www.nzx.com/markets/NZAX/BFW/announcements/4335445/Ongoing-Disclosure-Notices

Very positive, all director/ officer notices filed , with directors now holding gold size parcels. With 5 store now in the middle east, this is starting to look better in terms of risk/ reward.

[Stranger_Danger]

Burger Fuel invades Iraq?

I get that using this as the title of todays press release is an attempt at humour, but....really?

What is next, a promotion where they drop halal burgers at sea?

[Rusty]

Saw this yesterday, they (Carls Jr) look to be targeting the same market as burger fuel. US based company, expanding into the Middle East and are looking at putting 50 stores (franchises) throughout NZ over the next 10 years.
http://tvnz.co.nz/business-news/big-burger-chain-open-in-nz-4309748/video

[CJ]

Saw this yesterday, they (Carls Jr) look to be targeting the same market as burger fuel. US based company, expanding into the Middle East and are looking at putting 50 stores (franchises) throughout NZ over the next 10 years.
http://tvnz.co.nz/business-news/big-burger-chain-open-in-nz-4309748/videoFrom what I have heard, Carl Jrs are targeting the McDonalds/burger King market, not the more upmarket Burgerfuel market. Burger Fuel should be more concerned with Burger Wisconsin which are on a par and are apparently looking for new franchises. I dont think they have the same profile as BF though.

Arguablely they are the same market but Burger Fule tries to distinguish itself to gain the hgher price point.

I dont really see Carl Jrs taking off. It is interesting where their first store is - not suprising that they target that demographic considering the burgers are meant to be high in fat and salt.

[Silverlight]

Arguablely they are the same market but Burger Fule tries to distinguish itself to gain the hgher price point.

The difference in taste, flavour & size versus price is huge, a lot of burgerfuel burgers are just under $10, where majority of burger wis is over $10. If I compare ring burner at 9.5 versus a mcdonalds angus at 7.5 no contest, easily pay the extra $2. Although burger wis garlic mayo vs burgerfuel aioli, burger wis everytime! ;)

On fundamentals Burgerfuel NZ store sales are 27m vs middle east at 4m to full year March, with only 2 stores. With 7 new stores planned by March 2012, Middle East sales could hit 20m.

If you look at the royaties and franchise revenues driven by Middle East over NZ, this is where the profits lie. They made about 1m of revenue from 2 stores, out of their 8m, so if they have 9 by March 2012 could be 4.5m, so almost a third of revenue, if they hit about 15m.

The didn't put too much detail around their expenses side in their results, will be interesting to look at Annual report, have not seen it yet. Overall a checkered listing history with an illiquid shareholder base, and a high risk/ reward future.

[MrMonkey]

Burgerfuel into Libya. Interesting

[Silverlight]

BFW - Notification of Allotment of Securities

Burger Fuel Worldwide Limited, hereby advises that its board of directors has approved the allotment of the following shares to certain directors, the company secretary, its chief financial officer and accountant in lieu of paying cash for the provision of services rendered or in lieu of paying a cash bonus.

Number issued: 197,647 @ 42.5 cps

Not sure if many people follow BFW, but this is both positive and negative. First they potentially don't have enough cash to pay directors etc, but the positive is that directors are buying shares at these levels, albeit indirectly.

If we don't see any director & officer relevant interest notices of them selling as they are required to do, this becomes a more positive sign, along with Dubai, which looks to be developing well.

Again following the directors has been fruitful with burgerfuel closing last night at $1.10, IPO subscribers are now also in the money.

[CJ]

Again following the directors has been fruitful with burgerfuel closing last night at $1.10, IPO subscribers are now also in the money.ON such small volumn though. Even if you wanted to throw some play money at it, say $5k, how much would that push up the share price.

Maybe once they get profitable, the founders will offload some of their shares and create a bit more liquidity. That will probably just sink the share-price unless they get some retail support which is unlikely unless one of the small funds like Milford or Pie gets interested.

[Everwood]

ON such small volumn though. Even if you wanted to throw some play money at it, say $5k, how much would that push up the share price.

Maybe once they get profitable, the founders will offload some of their shares and create a bit more liquidity. That will probably just sink the share-price unless they get some retail support which is unlikely unless one of the small funds like Milford or Pie gets interested.

They are already profitable, even though it was a small profit. Their operating profit was $224,554

[CJ]

They are already profitable, even though it was a small profit. Their operating profit was $224,554Sorry - I meant a history of profitability - from memory that was their first profit. In theory they could also become a dividend stock like RBD.

[emearg]

Their share price is going up like there is no tomorrow! And the PE has reached 87. People obviously think this company is going somewhere! I quite like their business model but will wait another year or two to see if they can continue to improve operationally and financially before buying in.

[westcoaster]

Any idea when the annual report will be released?

[westcoaster]

Thankyou, I look forward to it!

[andysh]

Results out https://nzx.com/files/attachments/176676.pdf

[CJ]

Good result, with growth in the Middle East and promising to see possible expansion into Australia. If they keep going like this, world domination will be next

[CJ]

Do you hold CJ? (if you don't mind me asking) No (that includes my investing company). An associated party does which is why I am interested.

I did look to get in a while back (at about $1) but the market was so illiquid, I would have raised the shareprice 20c just to buy $5k worth so I stayed out. This is still an issue with a free float of only ~15% from memory. Milford was only able to get in as it bought a parcel from the major shareholder.

[kizame]

Crikey i make the PE ratio at 77 with todays profit announcement. That's pricing in a lot of growth.
I am a bit more comfortable with diligent on that sort of PE.
Unless there is a threshhold where economies of scale kick in,and profit takes a serious jump.

[okane]

Ate here for the first time tonight on Cuba St. Both the girlfriend and I reached the same verdict: 3/10.

The decor is amateurish and the music too loud and obnoxious. Bon Jovi 'Bad Medicine' at 100db I mean come on!

But the main thing wrong is the taste of the food: the burgers are too big, too expensive ($12 for a burger?) and taste flowery and under seasoned. Chips tasted old. The overall impression is everything is shipped in frozen and reheated. The food lacks freshness.

Only plus was the staff were friendly and helpful.

[winner69]

Ate here for the first time tonight on Cuba St. Both the girlfriend and I reached the same verdict: 3/10.

The decor is amateurish and the music too loud and obnoxious. Bon Jovi 'Bad Medicine' at 100db I mean come on!

But the main thing wrong is the taste of the food: the burgers are too big, too expensive ($12 for a burger?) and taste flowery and under seasoned. Chips tasted old. The overall impression is everything is shipped in frozen and reheated. The food lacks freshness.

Only plus was the staff were friendly and helpful.

Maybe take your girl to Dubai to see if better over there

[Dej]

Maybe take your girl to Dubai to see if better over there

Lol, not going to lie though, the burger fuel food has gotten worse over time, but obviously that is cutting costs to make a more profitable business. Its just like Hells Pizza IMHO.

I still go to these places, quality of the food is still good! Just not the same as it used to be.

Either way they are doing something right, and thats the main thing :)

[Banksie]

Lol, not going to lie though, the burger fuel food has gotten worse over time, but obviously that is cutting costs to make a more profitable business. Its just like Hells Pizza IMHO.

I still go to these places, quality of the food is still good! Just not the same as it used to be.

Either way they are doing something right, and thats the main thing :)

Another thing Burgerfuel offer, that most other fast food franchises don't, is their vegan and vegetarian options. There was a story recently doing the round about veganism growning 800% in Germany in the last 3 years...so this is definitely a market segment that needs to be catered to in the future.

[CJ]

But the main thing wrong is the taste of the food: the burgers are too big, too expensive ($12 for a burger?) and taste flowery and under seasoned. $12 is for a top burger with more than half under $10. As you say they are big which makes the ~$7.60 McD Angus range look expensive.

I normally swap the bun for a lightweight bun as I try to cut down the carbs.

[Frankenstein]

I've spent the evening having a look at this stock after a couple of recommendations from the "Worth Researching" thread started by NBT today (great idea for a thread btw).

I'm struggling to understand the recommendation considering the astronomical P/E ratio - 83 according to the NZX website!!!

I'm interested to hear how others are valuing this stock?

Peter Lynch fair value gives me about 60 cents (using 20% growth rate which I believe is the max recommended for this method) and still less that $1.40 using a 50% growth rate.

DCF also gives me about 60 cents - but this is based on a lot of guesswork (plus I'm a complete DCF amateur so not very reliable). Plus BFW don't offer much (anything, right?) in the way of sales projections so hard to make any meaningful forecasts.

Ben Graham give me $1.60 (would ya look at that... the current SP!!!) using 50% growth rate which was about the growth rate of Net Income last annual.

Using Graham's formula with a 2014 EPS projection of $0.03 (a 50% increase on $0.02 from 2013 annual) and a 50% growth rate gives me a target price of $2.40.

I'm sure Graham wouldn't have gone near the stock with a P/E ratio of 83, however.

Would love to hear any feedback on these calculations. What value do others place on the company?

Cheers, -F-

[Food4Thought]

I don't know about the Calculations, but to me, the brand screams, EASY TO COPY, not worth the current price - over valued. Then again, some big monster may buy them out. That is how I read how they are expanding, they want a buy out. But they (starter uppers) know the current price is way over valued.... a flood of shares and the share would drop out

[CJ]

I put it down as a "Speculative Buy" just to put something a bit different out there.

I think their NZ expansion will kick off again. South Island stores are coming and more in the North Island too. After a disastrous start in Australia (wrong location and no brand recognition) they are considering this again. The Middle East is also huge. The sales from those stores hadn't flowed through into the profits last released so expect things there. They are also looking for new master franchisees to enter new countries. They have a very good system and can roll out fast once they find a premise and a franchisee.

Remember that expansion doesn't really cost them money, it makes them money, the Franchisee pays all the costs plus the franchise fee, training fee and project management fee.

As Moosie points out, the shares are tightly held. This is an issue as they have no debt and have very little need for new capital, but they cant sell existing capital as that would be a bad sign to the market. The Founders offloading to the likes of Milford is the only way they can do it as the positive of Milford counters the negative of Founders selling.

[Frankenstein]

Thanks for the replies.

I think if liquidity should somehow increase then we'd be seeing a drop in the SP - the low liquidity seems to be propping it up.

For me BFW isn't quite yet a BUY, but that's not to say the SP won't go higher. As you said CJ it's still speculative.

Will definitely revisit when the next financials are released - I expect these will show a solid increase in profits. Could easily show a doubling in profits (as they're not making much right now), halving that whopper (burger pun) of a P/E ratio. This growth seems to be largely priced in for the short term I'd say, so I'll be staying away for now and spending my hard earned on their burgers rather than their shares.

Was certainly worth researching!

-F-

[Wolf]

problem is 90% of the stock is held by management/milford so it is very tightly held. remember that they are expanding very rapidly and have no debt and are ramping up profits. I don't belueve it is easily replicable model either as I won't touch mcd's, kfc, bk etc but I will gladly go for burgerfuel (QUALITY!). those restaurants are prime locations wherever they are located as well, they have ALL been well thought out.

at some point management may sell out, increase liquidity and see a turn to the main board. until then, expect to pay a premium!

Moosie generally you will find that mcd's, kfc, bk and burgerfuel are all in prime locations Next to each other. They do a hell of alot of research on foot traffic etc before putting a store somewhere.

[Food4Thought]

In fact, these companies mentioned by Wolf, look at increasing the value of their location/real estate as much as making reasonable profits on many small quick transactions. I remember this very well from research into these firms when studying. McDonalds is one of the prime examples. Apart from they take marketing to a whole new level compared to many other firms. I don't think Burger Fuel is worth what it is currently trading at. I believe it is more a beefed up stock, that could actually be worth this in the far future. Have a lot of work to do, but are on the right path. A lot of brand support from loyal customer base, who trend into the more on to it, educated, wealthy sector of society. Not a bad place to be. Go sit at a Burger Fuel store and take a look for yourself, and then head over to KFC for some drive through generalizations...

[Silverlight]

Go sit at a Burger Fuel store and take a look for yourself, and then head over to KFC for some drive through generalizations...

I help this trend... always wear my Jeans to Burgerfuel , and my stubbies and gumboots to KFC... When in Rome ;)


[said in a Belg voice with Homer Simpson overtones] "Mmmmm... Ringburner..."

[Food4Thought]

I help this trend... always wear my Jeans to Burgerfuel , and my stubbies and gumboots to KFC... When in Rome ;)

Don't know what your on about, not into T.V/ up with the play there sorry.


[said in a Belg voice with Homer Simpson overtones] "Mmmmm... Ringburner..."

...also lost here, feel free to explain.

[Food4Thought]

Haha, go to BF and experience it for yourself!

My mate bought a Greedy B'tard burger, added 2 more patties, extra cheese and a hash brown, plus bought 2 other burgers on top of that (eats like a gazelle, 6 ft 5 and nothing to him!). Said it was the best burger(s) ever, now we go at least once a month before movies. It should have been for the $47 he chucked away in one go!!!

Do they have one with a politically incorrect name like "The Fat Bastard Burger Combo " Quadruple the calories, extra mayo, supersized drink, not for the faint hearted. Just like eating a baby? great for free marketing while they can keep it on the menu... That's a good effort from your mate... I'd hate to experience the fall out the following day...

[Food4Thought]

He said things I cannot repeat on here the next day! :scared:


MUAHAHAHA! Hilarious

[Harvey Specter]

Big news today. I knew an American was sniffing around but decided not to indulge on the insider info.

Not quite sure if this is good news. Pirce is $1.35 and potentially, all their purchases up to 50% can be from Roberts and Mason.

Having said that, if they expand it into the US....

[Harvey Specter]

"if"? "if"? ... You "when" surely. ... Cha-ching!True but BFW is a copy of the old American burger joint, with marketing based on American muscle cars. Like selling ice to the eskimos?

Anyway - only $4k of shares on offer at $2. Liquidity has always been the issue and this isn't going to help.

[Harvey Specter]

Seems someone might have known something snapping up all the shares at 1.66, 15min before the announcement today... Looks a little dodgy on the surface of things...

Looks like a good announcement though!!They were sniffing around last year so the rumour has been around for a while. My guess all everyone at head office knew and all the franchisees as well. I hadn't heard anything recently.

The increase in price with the purchase a few days ago is just because of the big spread and lack of liquidity. It has always jumped around with each purchase/sale because of this. If you knew, and decided to inside trade, you would have cleaned out all the sell orders just to make it worthwhile.

Look at the 6 month graph and it shows no signs of insider trading.

[Harvey Specter]

Should propel me up the comp board a bit this week :)I know you have been interested. Do you hold any?

[Harvey Specter]

Nice jump up to $2 now though huh!NOw up 80c (53%) to $2.30

Amazing what a complete lack of sellers can do.

[SirSlingy]

Very happy my love of burgers led me here! Onwards and upwards!

[Theracay]

I was under the impression that a lack of affiliation with US was a big plus for BFW's operations in the Middle East.

[baller18]

Insane! First time I have seen a share with no sellers!!!

[baller18]

Insane! First time I have seen a share with no sellers!!!

[Harvey Specter]

Insane! First time I have seen a share with no sellers!!!Its happened a couple of times today from what I can tell but when it does, someone kindly fills the void (but unkindly adds and extra 20-30c)

[baller18]

crayyyyyyyyyyyyyyzieeeeeee

[Nigel]

I don't follow this stock, but notice the US investors are buying in at $1.35. Interesting that the shareprice has jumped $1 and is now $2.50! A bit ahead of itself maybe?
At first glance this new investor (and the franchise expertise they will bring) looks like a good for the company though, I must admit.

[Harvey Specter]

$2.60 now. up 73% on volume of only $173k. VWAP is 2.13.

Wish I had been slowly accumulating now. The brokerage fees to pick up all the small parcels would have been worth it.

[Harvey Specter]

I don't follow this stock, but notice the US investors are buying in at $1.35. Interesting that the shareprice has jumped $1 and is now $2.50! A bit ahead of itself maybe?Mason and Roberts have guaranteed them upto 50% - I wonder if there is a set price on that or if it is determined by market at the time the call on the guarantee.

[baller18]

Wondering if US buyers will start buying BFW as well...
But US has so many burger chains (in n out, fatburger, johnny rockets etc, etc,), don't know if it'll be easy to crack, however, the USA do have a lot of muslims, so therefore this could be there niche...
Surprisingly BFW has not expanded into asia, could really be a niche there, only MC'ds and BK, a lot of Asians have praised burgerfuel

[jonu]

$2.60 now. up 73% on volume of only $173k. VWAP is 2.13.

Wish I had been slowly accumulating now. The brokerage fees to pick up all the small parcels would have been worth it.

Ahh hindsight, where would we be without it. Now if I can just remember what I'm meant to be doing tomorrow...

[baller18]

Talking about burgers, man best burgers would be shake n shack! Sooooooooooo guddddddd lol

[clip]

https://www.facebook.com/groups/bigjstakeaways/670937386254325/?notif_t=group_comment

Big J's burgers in mt wellington, Auckland - voted multiple times best burgers in auckland and i stand by it. Moosie you should check it out while you're up here, not to be missed! they do a new special burger of the week each week, check their facebook page to see pics/ingredients etc :) http://www.bigjs.co.nz/

[Roberto]

Well, I just got rid of my modest holding at $2.70 (bought at 98c). It was good news today, but I think the price has gone a bit over the top and I expect it to fall back a bit, possibly for quite a while before the next run. But we shall see!

[silu]

In-N-Out Burger FTW! Congrats to holders though.

[gouba]

https://www.facebook.com/groups/bigjstakeaways/670937386254325/?notif_t=group_comment

Big J's burgers in mt wellington, Auckland - voted multiple times best burgers in auckland and i stand by it. Moosie you should check it out while you're up here, not to be missed! they do a new special burger of the week each week, check their facebook page to see pics/ingredients etc :) http://www.bigjs.co.nz/totally rateable as a burger joint! much better value than burger fuel

[Harvey Specter]

Was on the news last night and in all the papers - I wonder if that will flush out sellers or just entice more buyers.

From memory, Milford are the only fund holding a substantial amount, having bought from Roberts last year in the low $1 range. I wonder if they were drip feeding sell orders yesterday or if they were sitting on their hands counting their profits.

[In4a$]

Well, I just got rid of my modest holding at $2.70 (bought at 98c). It was good news today, but I think the price has gone a bit over the top and I expect it to fall back a bit, possibly for quite a while before the next run. But we shall see!
Nice return, dont ya just love it when you get a win like that !. Disc: never held BFW

[stoploss]

Was on the news last night and in all the papers - I wonder if that will flush out sellers or just entice more buyers.

From memory, Milford are the only fund holding a substantial amount, having bought from Roberts last year in the low $1 range. I wonder if they were drip feeding sell orders yesterday or if they were sitting on their hands counting their profits.

Happy my Kiwisaver is with Milford ....

http://www.nbr.co.nz/article/milford-takes-3m-bite-burger-fuel-bd-134160

[Harvey Specter]

Jeez, liquidity sure is flowing in now!A bit more but nearly half is over $4 so should be ignored - surely it cant get that high.

I do wonder where this will settle in a month or so. It will probably end up like GEO which skyrocketed but fell to more sensible levels.

[Everwood]

This stock has bought a large smile to my face, even though the stock has got ahead of itself. This has made up for not investing in PEB or WYN.

[Nigel]

My pick is that 3.15 will be the peak of this run; people will now lock in some of their profits which will see the price retreat to the mid $2 range. Now watch me be proved wrong :)

[QOH]

Does this prove the theory "every dog has its day"

[Radler]

More good news with the new store in Christchurch breaking opening day records and some fella called Mark trafficking burgers between the Nth Island and the Mainland and eating bastards for breakfast

[baller18]

What do people think of burgerfuel as a long term investment in the long run 5 - 10 years?
However, their goals seem a bit too optimistic too me.

Planning to open one thousand new stores in the next eight years..

"That's a big number, but potentially this partnership [with Franchise Brands] could help deliver this to us," he said. "It's certainly possible - if you crack the US market there's a thousand stores right there."

A thousand stores if they crack the states? Hmmm, a very popular burger chain in-n-out only has 290 locations and they've been around for more than 30 years... Not too mention, all the other chains, such as, johnny rockets, shake-n-shack, arbys, and so on...

[baller18]

With currently only 54 store in he world, even expanding to 500 stores worldwide in the next 8 years, will definitely have a much larger market cap than 150 mil. However, even at 500 stores I don't think will be an easy task even with franchise brands on board... Which is roughly 63 stores a year, that is some serious growth...

[Harvey Specter]

I dont think the 1000 is a target, more an aspiration goal. If they can co-locate with Subway, then it will be possible. Theya re also changing their model (no more regional franchisee) which will increase costs in the short term.

Until we find out what this deal actually means, i'd say todays price is a good price to sell. Remember that this company, doesn't own Subway, it owns 4 other brands you have never heard of. While it is owned by the subway founders, investment by them doesn't guarantee any face time with them.

[baller18]

I dont think the 1000 is a target, more an aspiration goal. If they can co-locate with Subway, then it will be possible. Theya re also changing their model (no more regional franchisee) which will increase costs in the short term.

Until we find out what this deal actually means, i'd say todays price is a good price to sell. Remember that this company, doesn't own Subway, it owns 4 other brands you have never heard of. While it is owned by the subway founders, investment by them doesn't guarantee any face time with them.

Definitely Harvey, like taco bell co-locates with pizza hut in the states. However, like you mentioned, this company does not own subway, they were the founders, so how will burger fuel co-locate with subway? Plus, why would subway want to diminish their earnings and share it with burgerfuel? They are already the largest food chain in the world..

Right now, its more like an easier path for burger fuel to 'get their foot in the states' with the help of these founders..

[Harvey Specter]

Been a bit quiet here.

Well they made it into the NY Times: http://www.nytimes.com/2014/05/12/business/international/high-octane-burger-chain-from-new-zealand-aims-at-the-us.html?partner=socialflow&smid=tw-nytimesbusiness&_r=0 Articel by a Kiwi Freelancer from what I can tell but it did appear in Print.

Plus they have opened their first store in Egypt.

Shareprice at 2.25 and looks to be on a very very slow downwards trajectory.

[Harvey Specter]

Just remember the Subway boys bought their shares @ $1.40 and we only saw a huge rise on illiquid volume because of the growth stock run in Feb! I predict slow decline on low volume for the rest of the year Agree - one proviso would be if they announce a US store, especially if co-located with a subway. Given the illiquid nature, it would surely jump in expectation that a larger roll out is imminent.

[Joshuatree]

Jeez re 256,000 fast food stores in the USA. Good luck to BF. Great point of diff is the healthier lower fat food choices with great tasting vege burgers too. Im even prepared to eat their frys.

[clip]

You REALLY need to come to auckland moosie.. they are FAR from best in class. Gourmet burgers seems to be taking over from mexican as the new 'in' food up here, and I for one welcome our new burger overlords

[Harvey Specter]

You REALLY need to come to auckland moosie.. they are FAR from best in class. Gourmet burgers seems to be taking over from mexican as the new 'in' food up here, and I for one welcome our new burger overlordsout of interest who is your favourite?

[clip]

out of interest who is your favourite?

Big J's is in my opinion the best in auckland - they've been voted best in auckland by Concrete Playground (my friend writes for them) and another award too. They do a different burger of the week each week, here's some of the better ones from the past..
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-frc1/t1.0-9/q73/s720x720/994988_619994344725271_1553694127_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-prn1/t1.0-9/s720x720/22105_476758272382213_1649608152_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash3/t1.0-9/p180x540/578514_466690060038115_1473418328_n.jpg

They might be a little smaller than burger fuel but still leave you feeling full, and at around $10 for a burger is better value for money imo.



I've been hearing great things about burger burger in ponsonby also http://burgerburger.co.nz/
Aside from these more specialty/gourmet ones, in terms of more chain style a la burgerfuel I would take Handmade Burgers in kingsland, Murder Burger in ponsonby and Burger Wisconsin over burger fuel any day.

I don't mean to say burger fuel are bad by any means, they make a good burger but in terms of quality/price/freshness, I don't think they deserve the hype they get without having tried some of the other options!

Lots of good mexican up here also.. mexico would be my go-to for cheap, fast mexican - awesome in a group as you can get a bunch of dishes for sharing/try a whole lot of things without spending too much - good mojitos too! but there's heaps of other good places also

[GTM 3442]

Burger Fuel in the Dalma Mall was full to bursting on Saturday afternoon.

I don't think that NZ is going to be where they make their money . . .

[clip]

Big J's sounds like Bob's Burgers. If they do witty names for their burgers like the show then I'm sold!

:D props for a fellow BB watcher! Some of the past ones have been called The Tough Mudder (on the week of tough mudder), the Flying Dutchman (dutch spiced salami), The Steak Stack, The Rocket Man, The Just Peachy...not quiiite as creative!

[clip]

hahaha the chard episodes were so good.

Sorry, last off-topic post from me about burgers I swear :P, I mentioned the concrete playground reviews - my friend has done another burger writeup last week :)
http://auckland.concreteplayground.co.nz/news/206205/five-restaurants-leading-the-burger-revolution-in-.htm?fb_action_ids=10152410090118158&fb_action_types=og.likes

[mikeybycrikey]

Given the imminent IPO for Shake Shack (as detailed here: http://www.bloomberg.com/news/2014-09-04/shake-shack-said-to-aim-for-1-billion-ipo-valuation.html) expected to price the company at 50 times earnings, and other similar companies listed in the article trading at about 60 times earnings, what is the current outlook for BurgerFuel? Admittedly, Burger Fuel currently has a P/E of about 320 but that should (hopefully) fall to something much more reasonable with their next profit announcement.

Burger Fuel are working on a plan for world domination but what are the chances of them succeeding? The article highlights a lot of competition around the world in the same space (with Shake Shack being a player in Abu Dhabi just like Burger Fuel).

I like where they are going but the SP seems to be rather over-priced for where they are now but potentially significantly under-priced if their plan for world domination has any legs.

Comments?

[Harvey Specter]

I like where they are going but the SP seems to be rather over-priced for where they are now but potentially significantly under-priced if their plan for world domination has any legs. Agree

The only way to grow is to open more stores. Simple as that.

Edit: note it is still very illiquid with Roberts owning over 70%. Even if the Subways guys do increase their shareholding, liquidity wont increase as then it will just be tied up between more big holders.

[Harvey Specter]

Every time I open this thread my mouth starts to water ... And I always seem to be within shouting distance of BF ....

I must not open this thread on an empty stomach!
I must not open this thread on an empty stomach!
I must not open this thread on an empty stomach!
I must not open this thread on an empty stomach!Did you know you can buy on line now (for instore pick up).

Tried it over the weekend - it worked a treat.

[baller18]

Given the imminent IPO for Shake Shack (as detailed here: http://www.bloomberg.com/news/2014-09-04/shake-shack-said-to-aim-for-1-billion-ipo-valuation.html) expected to price the company at 50 times earnings, and other similar companies listed in the article trading at about 60 times earnings, what is the current outlook for BurgerFuel? Admittedly, Burger Fuel currently has a P/E of about 320 but that should (hopefully) fall to something much more reasonable with their next profit announcement.

Burger Fuel are working on a plan for world domination but what are the chances of them succeeding? The article highlights a lot of competition around the world in the same space (with Shake Shack being a player in Abu Dhabi just like Burger Fuel).

I like where they are going but the SP seems to be rather over-priced for where they are now but potentially significantly under-priced if their plan for world domination has any legs.

Comments?

Have tried burgerfuel, in and out, johnny rockets, shake shack and etc, shake shack takes the trophy for me...


I don't see burgerfuel cracking it in the states that easy. Burgerfuel has done quite well in middle eastern countries because it is halal, whereas, all the other burger chains are not. The competitor advantage burgerfuel has over other burger chains in middle eastern countries.

Burgerfuel is not bad, but I would put johnny rockets, and a few other ahead of burgerfuel, however, a lot of my gf's flight attendant friends who have travelled to NZ have loved burgerfuel too, but still prefer shake shack over it.

[dingoNZ]

Have tried burgerfuel, in and out, johnny rockets, shake shack and etc, shake shack takes the trophy for me...


I don't see burgerfuel cracking it in the states that easy. Burgerfuel has done quite well in middle eastern countries because it is halal, whereas, all the other burger chains are not. The competitor advantage burgerfuel has over other burger chains in middle eastern countries.

Burgerfuel is not bad, but I would put johnny rockets, and a few other ahead of burgerfuel, however, a lot of my gf's flight attendant friends who have travelled to NZ have loved burgerfuel too, but still prefer shake shack over it.

Hit the nail on the head, Bfuel is great but compared to some states burger joints is just simply another takeaway outfit. For me its very up there for NZ standards though

[andysh]

Update from Burger Fuel (https://www.nzx.com/companies/BFW/announcements/256605)


BurgerFuel Worldwide (BFW) has announced plans to open five more franchised restaurants in Australia, anticipating that these will open prior to 31 March 2015. The company has confirmed that new locations have been secured in Sydney, the Gold Coast and Brisbane, with additional sites currently under consideration. All restaurants will be operated under franchise by either new or existing BurgerFuel franchisees.The news closely follows the opening of the most recent BurgerFuel restaurant in Australia, located in Western Sydney’s Blacktown complex, which has performed exceptionally well in its first month of trade.
General Manager of BurgerFuel Australasia, Craig Notman, comments, “It’s great to see BurgerFuel Blacktown going so well - results like this show us that there is keen demand in the Australian market for BurgerFuel. We’re thrilled to have secured some fantastic sites in such busy, dynamic locations”.
BurgerFuel Group CEO, Josef Roberts, adds, “Although our biggest project is the upcoming expansion into the US, our Australasian project team is focusing heavily on the Australian market, where we see lots of opportunity for BurgerFuel”.
“We’ve always said that finding the right operators is integral to our success, and our Subway relationship has been instrumental in connecting us with great franchisees who share the BurgerFuel vision. We’re looking forward to developing a sizeable footprint throughout Australia over the coming years”.
BurgerFuel Worldwide has said that they expect to release updated details on the timing of its US entry soon.


BurgerFuel Worldwide (BFW) is a New Zealand gourmet burger concept and is listed on the New Zealand Stock Exchange (NZAX). BurgerFuel shares are currently trading at $2.85.

[Schrodinger]

They tried Aussie before what's different this time?

Very crowded market. If they get a nice piece of real estate I suggest having 1 store to see how it goes. Not going to be easy.

[Harvey Specter]

They tried Aussie before what's different this time?

Very crowded market. If they get a nice piece of real estate I suggest having 1 store to see how it goes. Not going to be easy.They hav had one store for a while, and have just openned another which is apparently going very well.

You also have to remember that these are franchises so the risk falls on the franchisee. The Franchisor continues to earn their 10% of sales, plus mark up on stock not sourced externally (ie. the sauses are from BurgerFuel HQ) even if the store makes a loss.

[andysh]

Further update: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11347321

[Everwood]

Burger Fuel has had a nice increase in share price. It recently announced they will be soon releasing details for entry into US market

[BFG]

Burger Fuel has had a nice increase in share price. It recently announced they will be soon releasing details for entry into US market

Better be pretty darn good. 2/3rds the mCao of RBD with 1/10th the revenue (not to even mention the EBITDA...) and PE of 400+!

[GTM 3442]

Better be pretty darn good. 2/3rds the mCao of RBD with 1/10th the revenue (not to even mention the EBITDA...) and PE of 400+!

I'm not sure that RBD is a good comparison.

RBD is a licensed/franchised reseller of someone elses brand, whilst BFW is a brand which is licensed/franchised to someone else.

They seem to be going in opposite directions, if you catch my drift.

Possibly a better comparison would be ATM or PEB - taking NZ IP to the world ! ! ? ! ?

[Everwood]

Better be pretty darn good. 2/3rds the mCao of RBD with 1/10th the revenue (not to even mention the EBITDA...) and PE of 400+!
The share price is getting ahead of itself, but I agree with GTM 3442 it is not good comparison between Restaurant Brands and Burger Fuel. I see Burger Fuel being a good dividend stock in about 3 to 5 years. I bought into the stock back in 2010 and believe it does a great future, but execution of their plans has taken longer than I expected.

[Harvey Specter]

Things are on the up. At least 4 stores in the process in the SI. A handful of franchises signed up for Australia (some multiple). But the only get 6% of sales (plus 5% for advertising) so this alone doesn't justify the shareprice and are all things they should have done a couple of years ago.

The price suggests good news out of US but volumes so low that it is probably uneducated guessing. US will be hard (ice to Eskimos situation).

[Harvey Specter]

Not new competition but a new owner will surely try to grow them a bit : http://www.stuff.co.nz/business/industries/66821664/mexicali-fresh-owner-buys-burger-wisconsin

Will also get headoffice/buying synergy's from the combination of two brands.

I remember them from before BurgerFuel times and thought their burgers had better flavour. my local has since disappears so it would be 10 years since I have had one and BurgerFuel has definitely improved since then.

[Everwood]

Not new competition but a new owner will surely try to grow them a bit : http://www.stuff.co.nz/business/industries/66821664/mexicali-fresh-owner-buys-burger-wisconsin

Will also get headoffice/buying synergy's from the combination of two brands.

I remember them from before BurgerFuel times and thought their burgers had better flavour. my local has since disappears so it would be 10 years since I have had one and BurgerFuel has definitely improved since then.

Most of the Burger Wisconsin stores don't open until 5pm. I don't see them as a threat to Burger Fuel.

[Harvey Specter]

That's easy to change. Mexicali open for lunch.

How does the taste, quality, price, atmosphere compare?

[GTM 3442]

Burger Fuel's future lies in the international arena, mainly the Middle East at the moment. New Zealand competition is essentially irrelevant.

And the overseas market is big enough to swallow either of them.

Shake Shack, anyone?

[Harvey Specter]

And the overseas market is big enough to swallow either of them.

Shake Shack, anyone?
Planning to take them on in the Middle East apparently.

Still no word of entry into the US market

[Entrep]

Burger Wisconsin is no competition whatsoever. I personally rate their burgers as crap. Burger Fuel make excellent burgers.

Don't hold either company/no interests. Just like to think I know a good burger.

[dodgy]

The middle east doesn't strike me as the smartest of stable areas to invest my hard earned cash in. Maybe northern africa may prove more enduring ?
-dodgy

Discl: No current holding

[Harvey Specter]

The middle east doesn't strike me as the smartest of stable areas to invest my hard earned cash in. Maybe northern africa may prove more enduring ?
-dodgy

Discl: No current holdingThey are going via master Franchisee's so the investment there is in time up front, not cash/fixed assets. And the parts of the middle east they are entering (mainly) are the stable parts - UAE etc.

[dodgy]

They are going via master Franchisee's so the investment there is in time up front, not cash/fixed assets. And the parts of the middle east they are entering (mainly) are the stable parts - UAE etc.

Hi Harv,
To date I have seen one "master franchise" mothballed - great model although low $ risk to the company except for reputation . And if you are prepared to wager anywhere in the region, Uae, Egypt, even Saudi etc. will be stable within the next 5 years - you are a braver man than me and by all accounts our illustrious leader.
-dodgy

[tga_trader]

BFW has been on a fairly slow but constant slide for the last 2 months, with little attention, despite the regular 'new store' announcements. Are people;
-Getting tired of waiting for the 'near future' US expansion announcements.
-Suspecting things aren't progressing as smoothly as hoped
-Tying to push the price down before making a big top up prior to the US announcement
-Other??

[tga_trader]

It appears things are still ticking along in the background. Still waiting for the big announcement though.

BurgerFuel CEO, Josef Roberts, comments, “Opening two stores in two different countries on the same day is quite a milestone. Exercises like this help us to prepare for the higher volume of growth that is ahead of us. While our preparation for entry into America remains very much a focus for the business, our teams in our existing markets are working hard to constantly expand the BurgerFuel footprint”.
https://www.nzx.com/companies/BFW/announcements/264426

[silverblizzard888]

Entry is on the way!

https://www.nzx.com/companies/BFW/announcements/265208

[bucko]

Searching for a site, i wonder what city they will chose first.

Once the site is chosen the store should not take that long to fit out etc?

[tga_trader]

-Tying to push the price down before making a big top up prior to the US announcement

Wasn't a huge purchase at the bottom though

[silverblizzard888]

Price of share should build with this excitement, but lack of share liquidity isn't helping

[kyanar]

$0.62 jump in one day. Apparently people are pretty confident this is it.

[silverblizzard888]

$0.62 jump in one day. Apparently people are pretty confident this is it.

Its more than just confident that this is it, the point is THIS IS IT! They have the partnerships and they are ready to open shop in the US, they will need a few months at least to fit things together for a shop opening, but I think they have already done the due diligence on supply centres and ingredients. Eight year target and 1000 stores COME AT ME BRO!

[Everwood]

Its more than just confident that this is it, the point is THIS IS IT! They have the partnerships and they are ready to open shop in the US, they will need a few months at least to fit things together for a shop opening, but I think they have already done the due diligence on supply centres and ingredients. Eight year target and 1000 stores COME AT ME BRO!

Everything is looking positive for the future of the business. The year results should be out by the end of this week, going by the previous release times over the last 2 years.