The details are in commsec site done after AGM and analysts meeting with new CEO Mark. My view is that price has dropped from ridiculous price of $160 to current levels, nobody will believe at least until they see better results than the last 6 months and corresponding LY 6 mths.It is a such a big come down you can’t blame. The point is it is investors who paid ridiculous high ratios at that time. Now it seems DMP is around pre Covid range of organic growth, not the Covid boost and acquisition spree that upended forecast earnings growth around 2020/21. The last update at AGM sounded good for ANZ and few other markets like Singapore,Taiwan.Benelux. Market is big enough for few good chains to operate. Brand is doing well globally as you can see in performance of DPZ and recommendations around it. I will wait for the next positive actual report.
DMP Price at posting:
$28.95 Sentiment: Buy Disclosure: Not Held
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