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clock Created with Sketch. 13/08/24
15:48
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Originally posted by Chella:
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Very pertinent points raised. My take is current SP of Dmp level reflects all the downside that could happen in the immediate future has been taken care. Beyond the current issues of low margin, debt levels and Japanese market progress, from 2026 onwards these will be taken care. For example debt level, say you raise 10m shares around $32 will raise $300 m and lower debt by 40% and decrease EPS by 10%. However PE assigned to Dmp will improve with clear run from 2026 onwards. With inflation coming down, it will be time to repair margins over next 3 years with slow price increases with no major cost increases. Inflation impacts all competitors and brands with high volume have an advantage like Domino.
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Don Meij is pressured by the board to deliver to shareholders.
(20min delay)