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Domino's Pizza

February 2005

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:
  • 225p
Ahead of announcing results on 28 February, Domino's said that like-for-like sales grew 13.2% for the six weeks to 31 December which has boosted like-for-like sales growth for the full year to end December by 6.6%. This was largely due to aggressive advertising for a new product launch, a two layer pizza called Double Decadence. Having opened 19 stores during H1, Domino's opened 21 during H2 (taking the total to 357). This reflected delays earlier in the year in getting councils to issue trading licences for new stores. Numis expects eps of 12.5p for the year just ended and has pencilled in 15.3p this year, for a prospective  PE of 14.5.The shares were a buy at 61.5p in Aug'01 but have gone sideways ...

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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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