RBD - Restaurant Brands

[Red Baron]

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.

You anglo pacific poms are real pushovers eh?  Zhat's vhy you still haven't been able to vin ze Great Var, after 111 years of trying!  Vhy don't you vait and zee vhat ze independent report zays about ze offer?

RB

[Auto Rower]

Ya voll.
 At least I can stop gorging myself on bargain buckets now

[Tim nice but dim]

Well I just got my offer documents today so the offer is on the table. Wonder how long RBD will take to publish its position, the longer it takes the more acceptance forms will be returned IMHO.

I feel well & truly shafted, other opinions I have on this are best not posted on a public forum.

This was certainly "buy high sell low"

[Plata]

I wonder if we will be hearing of record profits here the second it goes private....

[Tim nice but dim]

SOLD & money in the bank.

A few lessons were learnt from this poor investment, I will never make these mistakes again.

[Auto Rower]

Totally agree every time there is something to take in ,especially if you have to pay those lessons engrain themselves .

[Red Baron]

SOLD & money in the bank.

A few lessons were learnt from this poor investment, I will never make these mistakes again.

Vhy did you zell before ze independent report came out?

You did not realize zhat eef ze independent report comes out and ze vair value range is higher zhan $5.05, zhen you can apply vor a binding independent review and likely get more money vor your shares?   (Assuming ze 90% threshhold is reached of course.)

RB

[LaserEyeKiwi]

Independent directors recommend accepting the $5.05 offer.

Wise decision in my view.

[Red Baron]

Independent directors recommend accepting the $5.05 offer.

Wise decision in my view.

Vhy do you theenk accepting an offer vhich is below ze vair valuation range of $5.24 -> $$6.20 is 'vise'?    I vould zay eet eez 'voolish'.
Are you even a zhareholder?

RB

[LaserEyeKiwi]

Vhy do you theenk accepting an offer vhich is below ze vair valuation range of $5.24 -> $$6.20 is 'vise'?    I vould zay eet eez 'voolish'.
Are you even a zhareholder?

RB

No, definitely not - I didn't even like it below $3 due to the horrific fundamentals, so I think Shareholders are getting an absolute gift from heaven with the takeover offer.

[Plata]

I think the macro environment going forward is going to be a continuation of the trend of middle and lower income households facing severe cost pressures, that will make it quite difficult for meaningful growth here. I don't imagine top 10% income households eat that much KFC, not to mention consumers who can afford it becoming increasingly health conscious. Doesn't fit well with the flagship asset (exlusive KFC rights in NZ) being intrinsically unhealthy food.

[Auto Rower]

I think the macro environment going forward is going to be a continuation of the trend of middle and lower income households facing severe cost pressures, that will make it quite difficult for meaningful growth here. I don't imagine top 10% income households eat that much KFC, not to mention consumers who can afford it becoming increasingly health conscious. Doesn't fit well with the flagship asset (exlusive KFC rights in NZ) being intrinsically unhealthy food.

I can see your righteous thoughts & agree In a perfect world we would all eat super healthy but i know a very large amount of people eat fast food especially k f c very regularly & see it in this era as a staple believe it or not also that apart it is a reasonably good offer in this time period of a bear market ,but also when the bull returns the k f c will flow once again along with the sp that's the market good & bad

[LaserEyeKiwi]

I think the macro environment going forward is going to be a continuation of the trend of middle and lower income households facing severe cost pressures, that will make it quite difficult for meaningful growth here. I don't imagine top 10% income households eat that much KFC, not to mention consumers who can afford it becoming increasingly health conscious. Doesn't fit well with the flagship asset (exlusive KFC rights in NZ) being intrinsically unhealthy food.

I think KFC & Maccas have one thing that seemingly not many others have bothered to take advantage of as a major factor in their marketshare dominance in NZ: The drive Thru.

Wendy's has some but more Auckland only for the most part. Burger King was the other with a large amount of drive thrus, but that entity is running on empty.

But now starting to see some new entrants embrace drive thru: Popeyes chicken especially looking to eat up some KFC marketshare.

[Tim nice but dim]

The sell rate has slowed to a crawl. The last 4 days shows about 1M shares acquired but not yet paid for.

Still a wee way to go & not a done deal yet! Will be interesting to see the reaction to the RBD recommendation over the next few days. I have not heard much support for the "independent directors" recommendation.

[Tim nice but dim]

Another couple of SSH notifications in last 2 days, the last one reporting only a 0.157% change to holdings. Seems like reporting any good news is the preferred strategy even though not required.

looks like just a matter of time now before 90% holding is achieved & the Red Baron can upgrade his Fokker Dr.I triplane.