I agree this is great buying for what is a solid business sitting at 60% true market value.
One other reason why buyers got spooked was because Japanese revenue spiked in 20/21 but growth rate didn't sustain this last year, which was against the grain of forecasting. So something needs to adjust there, although post COVID revenue is still way above its pre level. Some analysts thought the Japanese were keen to try Dominoes at first but didn't become repeat customers. There is still a good customer base this year tho, so It's all good news going forward.
Buying is strongest at it's peaks and selling is always strongest at its troughs. But if you can right now, BUY. IMO.
DMP, just what is happening?, page-219
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Last
$36.07 |
Change
0.500(1.41%) |
Mkt cap ! $3.288B | |||
| Open | High | Low | Value | Volume |
| $35.90 | $36.22 | $35.71 | $9.425M | 261.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 677 | $36.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.10 | 574 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| DMP (ASX) Chart |