Once you have been hurt by the market for bad results few times, you need positive results few times for them to value it to through future potential. Today’s presentation was all about potential for long term, which I believe is quite possible.Not the 7100 total stores, around 5k will do for me to achieve EPS of around $2.20 and $2.4 by 2026&2027. As I have said before Germany & France with population of 65m to 80m has only 450 stores each compared to ANZ 1000 got 30M population. So long term strategy as far I am concerned, it is achievable. I am prepared to wait for that turn around signal and market to react. Today it was just a repeat info market already new. On the 29th of April US parent will be publishing 1Q results including international sales. Unfortunately this is total ex USA global results , no breakdown by region or country. Unless DMP flag the quarter results, we will have to wait till FY 2024 results in August.
DMP Price at posting:
$40.17 Sentiment: Buy Disclosure: Held
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