On the 27&28th May DMP will be conducting the strategy investor presentations for France & Germany. It could turn out positive for DMP based on what is mentioned. For France stability in the operation at current level itself will be considered positive. In Germany with DMP in a strong position future expansion plans will be much awaited. As Germany has only 450 stores for population of 85m, expansion potential is much greater when you have wind behind you, as it is now. For comparison ANZ has 900 stores for 30M population. This strategy on Germany will be crucial for DMP to be valued at growth PE for next few years earnings.
DMP Price at posting:
$38.50 Sentiment: Buy Disclosure: Held
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