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.
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.
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.
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.
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 09:52 AM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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 10:05 AM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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