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  1. #2501
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    Quote Originally Posted by blackcap View Post
    Friend better check that it wasn't 2,851 shares that purchased off him in the deal after he had tendered 3500. That would be 81.45% of shares tendered accepted. About the same ratio as my offering/acceptance.
    He's nearly eighty but I suspect you are correct and he jumped the gun and not understanding details.

  2. #2502
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    Quote Originally Posted by dreamcatcher View Post
    He's nearly eighty but I suspect you are correct and he jumped the gun and not understanding details.
    Haha sounds like my dad. (He is not 80) but would jump up and down having expected the full amount to be taken and not realising that all is good.

    On another note, I see the SP has taken a dive and is now well below the $9.45 received for shares. Some may be tempted to buy back in, I myself may just wait a bit longer and see where it is headed.

  3. #2503
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    Wonder what happens to the divvy not paid because of the takeover proposal. Paid on the remaining shares?

  4. #2504
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    Quote Originally Posted by artemis View Post
    Wonder what happens to the divvy not paid because of the takeover proposal. Paid on the remaining shares?
    No dividend is no dividend.
    Unless Global Valar wants to declare a divvy to all shareholders incl itself then no you get no dividend.

  5. #2505
    Member glennj's Avatar
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    Post Global Valar gaining 75% of the shares there have been steady volumes of shares changing hands.
    Last look they were trading at $9.23 and I did note a few days back at one stage a parcel of 74k went through at $9.30 (not sure if all the volume was at that price?)
    This price strength is well ahead of what a couple of punters were picking on here. Perhaps it is unjustified?
    I picked up a few shares at $8.40 and could have had more at a better price if I'd been more on to it.
    It will be instructive to see how Global Valar behave toward minority shareholders. That and company performance will decide
    if I keep or sell the shares in RBD that I have.

  6. #2506
    Speedy Az winner69's Avatar
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    Russel said shares would be 10 bucks one day

    Russel a good guy
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #2507
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    https://www.nzx.com/announcements/333406

    EPS going backwards tells the story.

    Must be many who are very happy that the partial takeover happened when it did!

  8. #2508
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Balance View Post
    https://www.nzx.com/announcements/333406

    EPS going backwards tells the story.

    Must be many who are very happy that the partial takeover happened when it did!
    Without any new growth not an outstanding report is it
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #2509
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    Quote Originally Posted by Snoopy View Post
    I have used the net profit after tax, excluding non-trading items for the purpose of this comparison. Non trading items include those associated with store closures and sales transformation costs and insurance payments. These are omitted because they obscure how the business is performing on the ground.

    Net Profit/No.of Shares

    2014: $18.863m /97.871m = 19.3cps
    2015: $22.523m /97.871m = 23.0cps
    2016: $24.207m /102.871m = 23.5cps
    2017: $30.567m /122.843m = 24.9cps
    2018: $40.361m /123.629m = 32.7cps
    Quote Originally Posted by Balance View Post
    https://www.nzx.com/announcements/333406

    EPS going backwards tells the story.

    Must be many who are very happy that the partial takeover happened when it did!
    If you use the net profit after tax 'excluding non-trading items', then the five year increasing earnings per share trend is very much intact.

    Net Profit/No.of Shares

    FY2015: $22.523m /97.871m = 23.0cps
    FY2016: $24.207m /102.871m = 23.5cps
    FY2017: $30.567m /122.843m = 24.9cps
    FY2018: $40.361m /123.629m = 32.7cps
    FY2019: $42.2m /124.750m = 33.8cps

    However based on Monday's closing price of $9.10, the shares are trading on a PE ratio of :

    $9.10 / 0.338 = 26.9

    A good company, but that PE is 'getting up there'. Confirmation received that the final dividend for the year will never be paid. As a foundation shareholder holder who still retains around 20% of my shares post takeover I am happy with the result. I am disappointed there will be no final dividend, but not surprised. I won't be topping up my shareholding at such lofty multiples when future capital raisings have been talked about though. But am happy to stick with the shares I have left.

    SNOOPY
    Last edited by Snoopy; 16-04-2019 at 08:52 AM.
    Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7

  10. #2510
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    Quote Originally Posted by winner69 View Post
    Without any new growth not an outstanding report is it
    One piece of 'dead wood' (Starbucks) has been lopped off. Cost savings will flow through to NPAT growth. Maybe 'Carls Junior' will be next? Carls might have to stay on the books until the initial franchise agreements start to run out. But it looks like no more management time will be wasted on the roll out of this brand given the now global outlook for Restaurant Brands.

    Parent franchise holder 'YUM Brands' are determined to sell off as many of their in house company owned restaurants as possible by the end of 2019. Our Russel is a bit of a 'poster boy' at YUM. I am picking the talked about acquisition of certain west coast of the United States restaurant assets will go ahead. So there is where the 'next step of growth' is going to come from. But as to whether that will be 'eps growth' is another question entirely!

    SNOOPY
    Last edited by Snoopy; 16-04-2019 at 09:05 AM.
    Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7

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