RBD - Restaurant Brands

[Ferg]

Are we there yet?  Now trading under $4.

Obviously not.  Now at $3.50.  Last time it was at this price was 2014.  I'm still not seeing a contrarian play here.....yet. 

[Hectorplains]

Obviously not.  Now at $3.50.  Last time it was at this price was 2014.  I'm still not seeing a contrarian play here.....yet. 

Agreed - they're carrying too much debt and still experiencing margin compression. No fun trying to catch a falling knife...especially one as greasy as this.

[Auto Rower]

Obviously not.  Now at $3.50.  Last time it was at this price was 2014.  I'm still not seeing a contrarian play here.....yet. 

Not yet But nearly there .
I would be willing  to say it will be double this in 18 months at 7 bucks for you Contarians

[Auto Rower]

Obviously not.  Now at $3.50.  Last time it was at this price was 2014.  I'm still not seeing a contrarian play here.....yet. 

Contrarian play getting closer today  at 3.30$

[Hectorplains]

Contrarian play getting closer today  at 3.30$

Care to share your rationale behind this?

[Auto Rower]

Care to share your rationale behind this?

yes read  post 30 in this thread

[Left Field]

Crikey.....seems people are still dining out...... at first glance a good result in tough times.

https://www.nzx.com/announcements/437068

• Record Group store sales of $687.2 million
 
 • Net Profit After Tax (NPAT) of $12.6 million
 
 • Group store EBITDA was $94.6 million, an increase of 20.8% on 1H 2023


Auckland, 29 August 2024. Restaurant Brands New Zealand Limited (RBD or the Group), has reported today its financial results for the six months ended 30 June 2024 (1H 2024).
 
 RBD delivered record Group store sales of $687.2 million for 1H 2024, a 7.3% increase on the same period last year (1H 2023).
 
 Group NPAT of $12.6* million represents a significant improvement on 1H 2023.
 
 Group store EBITDA reached $94.6 million, a significant increase of $16.3 million or 20.8% on 1H 2023.
 
 *Included in Group NPAT is a non-cash net impairment charge of $3.3 million relating to property, plant and equipment and intangible assets ($2.5 million after-tax).
 
 Restaurant Brands' store numbers totalled 506, of which 378 are owned and 128 franchised. Four new stores were opened in 1H 2024, for a total of 13 net new stores from 1H 2023.
 
 "We are proud to observe that our strategy is delivering good results", said RBD Chairman, José Parés. "Initiatives including cost control measures, operational efficiencies, and price programmes continue to deliver value for money for customers and to protect brand health, maintain customer loyalty, and staying competitive. They have also helped offset rising labour costs and consumer pressures. In terms of the regions where RBD operates, performance in New Zealand and Hawaii are particularly noteworthy as both regions showed significant improvements, with solid growth in 1H 2024".

[Auto Rower]

Are we there yet?  Now trading under $4.

https://nz.finance.yahoo.com/quote/RBD.NZ/chart?p=RBD.NZ

Are we there yet ferg

[Ferg]

Are we there yet ferg

Hahahaha.....still not there yet for a contrarian play IMO.  But are we there yet for the bottom for the share price?  It is still over-priced for me.....no doubt history will make a a mockery of that statement in 3....2....

[Auto Rower]

Hahahaha.....still not there yet for a contrarian play IMO.  But are we there yet for the bottom for the share price?  It is still over-priced for me.....no doubt history will make a a mockery of that statement in 3....2....

I think 3 bucks must be getting there, good full year results in February 25 if held up this year with another 20 cents plus dividend.
Another 12 months could go anywhere could make a mockery of any statement made now .

[Hectorplains]

I think 3 bucks must be getting there, good full year results in February 25 if held up this year with another 20 cents plus dividend.
Another 12 months could go anywhere could make a mockery of any statement made now .

Take it or leave it takeover offer for the takeaway offerer - in at $5.05.

[seaweed]

I always wanted to have shares in RBD but never quite got around to buying any until 10 weeks ago and finally bought in after 27 years of sharetrading. I don't really want to sell because have bought for the long term in my new 2025 portfolio.     ps A funny thing happened. Had an order in to sell a small portion of 5000 from 4 weeks ago but had forgotten about until  receiving an email a few days ago saying my order will expire on 29/9/25 at 12am. What can I say.... Amen 

[Ferg]

Finally some (partial) relief for long suffering shareholders.

https://www.nzx.com/announcements/459782

It seems like a generous offer to me.

[Hectorplains]

Finally some (partial) relief for long suffering shareholders.

https://www.nzx.com/announcements/459782

It seems like a generous offer to me.

Yup and given ACC (with just under 5%) have accepted, giving them 80%.  It looks like another company exiting the NZX.

[Auto Rower]

Yes I am going to take it ,as per usual being greedy and waiting for it to go below 2.85 to load up .yet again missed out loading up fully due to minor percentage points.
 we are there now ferg.