Ouch down almost 7%.
But still up $1.20-ish on recent lows.
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Be interesting to hear thoughts of anyone who attended or tuned in for meeting
Tough trading. Rev up 12% but margins are down… no surprise?
RBD had profit margin expansion AND SP multiple expansion during the last bull market cycle taking the SP up to $15-$16 was it??
Now profit margin AND multiple contraction happening. Ouch.
Anyways probably a good opportunity around here somewhere
Thinking Finaccess capital will come and buy the rest of 35m share? Representing their 25% float on the market.
They bought 75% holding years ago.
Fast food restaurants are busy all the time. Notice that the prices are all up...so...margin could be maintained up
Latest guidance bit of a disaster …..all those pizzas, chickens etc sales and only $12m to $16m NPAT
Heck they were making $20m plus years ago before they went global …..and sometimes we though that wasn’t too good
http://nzx-prod-s7fsd7f98s.s3-websit...852/399797.pdf
NPAT F21 $52m
Then F22 was $32m
This year $12m to $16m
Sales growing profits disintegrating …….blame costs etc etc
I say bring back our Russel ….you say so Snoopy
The longtime CEO and CFO saw the writing on the wall and bailed at the peak.
It not just a margin issue in California.. something wrong there when sales go backwards. Did they buy a bunch of duds?
How low can this go before major shareholder buys the rest of the company.
A couple of months ago CEO told shareholders that F23 profit would be ‘in the vicinity of last years result’
Lots happen …not even going to be half of last years result