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Domino's Pizza UK & IRL

August 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • DOM
  • Price:
  • 209p
Domino's has reported another excellent set of interims, once again ahead of expectations. Pretax profit increased by 42% to £4.1m and earnings increased by 56% to 5.8p while the interim dividend was also increased by 67% to 2.2p. Domino's  traded from 337 sites at the end of the period having opened 19 units  (lower than the 21 in H1 last year due to some local councils being slow to issue new A5 licenses ahead of a proposed system changeover in September). This, plus like-for-like sales up 4.9% contributed towards system sales growth of 18.8%. Numis has lifted its forecast by £0.2m to £8.8m for eps of 12.5p. Price target is 265p. Hold. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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