It is always good to see when large institutions are buying large parcels of CKF. It looks like Feb 2021 has been a big month for them to increase these holdings. At an average price of $9.92 on the 12th of Feb 2021 Challenger see a reason to be accumulating more CKF. In fact the on market purchase is worth approximately $96,765,768. Hmmmm, should I be buying more CKF is the share price is below what Challenger thought was a good buying point on the 12/2/2021?
KFC is a winner based on the results produced by Yum Brands recently on the quarterly sales of in Australia. In fact, Australia is the best performing region for KFC sales across the world.
This is quite simple to explain, KFC has no competition for fried chicken in Australia. No competition is good for CKF holders, as we are seeing it is good news for Yum Brands, year after year growth.
Keep your burgers and pizza, I'll take a bucket of KFC please.
