RBD - Restaurant Brands

[lager]

I have nothing against RBD. It is a good buy with great potential for a takeover.

[BRICKS]

quote:Originally posted by lager

I have nothing against RBD. It is a good buy with great potential for a takeover.

WELL BUY some note the price is up TODAY.. [8D]

[lager]

Got 24K, is that good enough.

[BRICKS]

quote:Originally posted by lager

Got 24K, is that good enough.

GOOD LUCK .. [8D]

[Happy Camper]

This Happy Camper expects to see KFC advertised whilst travelling through cyberspace, but this is taking it to the next level.

Cheers

[BRICKS]

quote:Originally posted by Happy Camper

This Happy Camper expects to see KFC advertised whilst travelling through cyberspace, but this is taking it to the next level.

Cheers

GOOD ONE.. [8D]

[lager]

Wow!, that is a great advert.
Let's hope they make one in NZ too.

[BRICKS]

TODAY we visited the NZX new HQ building in WELLINGTON and to NO surprise its as bare as a B** for the public just two small meeting rooms and you can sit and watch CNN and talk to your self NO one worry you,, Reminds me of RBD NO one talks about it except to tell you its crap food and the till still jingles and you can BUY for 92 CENTS.. [8D]

[lager]

Thanks Bricks, my 24K shares was a good investment.
At time of writing it is trading at $1.02.

[biker]

This would have to be good news,and I like the sound of the last two paragraphs.The Victoria sales should be a nice catalyst.

RBD
30/11/2006
GENERAL

REL: 1430 HRS Restaurant Brands New Zealand Limited

GENERAL: RBD: RESTAURANT BRANDS ANNOUNCES EXIT OF PIZZA HUT VICTORIA

30 November 2006
NZX

RESTAURANT BRANDS ANNOUNCES EXIT OF PIZZA HUT VICTORIA
Market update - approaches received

Restaurant Brands today announced that it had reached agreement with its
franchisor Yum to accelerate the company's sale or exit from all of its 50
Pizza Hut Victoria stores. This is expected to be achieved by the end of the
current financial year (February 2007).

The company said it had sale and purchase agreements for 35 stores, 14 of
which will be transferred to new owners in the next few days. In addition
the company has agreed with Yum to assist in the company's exit of 10 stores
early. Expressions of interest from prospective purchasers have been
received for the remaining 5 stores, which are also expected to be sold by
financial year end.

The total cost of the full exit from Victoria is expected to be NZ$9.0
million which includes the $2.6 million write-down of assets taken at the
half year. The balance of $6.4 million will be taken up in the second half
results and includes the write-off of $4.1 million of residual asset values
(as advised to the market at half year) plus the sale and closure costs of
stores, fees payable to Yum and provision for outstanding lease liabilities.
The net cash cost is $1.3 million. As a result of the decision to exit this
business, Pizza Hut Victoria was classified as a discontinued operation at
the half year. The full exit will improve Restaurant Brands operating
earnings by approximately $3.0 million in the 2007/08 year.

"We are pleased to have reached an agreement with Yum that allows us to exit
this business more than a year before our franchise agreements end. This
allows us to concentrate our efforts fully on the transformation of KFC,
growth of Starbucks Coffee, and revitalization of Pizza Hut in New Zealand,"
said Restaurant Brands Chief Executive Vicki Salmon.

The company also said that a number of parties have approached the Board of
Directors and expressed interest in their potential participation in the
future of the company.

Restaurant Brands is responding to these approaches and will keep the market
updated of any developments as appropriate.
- ends -