Good FY result with divvy at 6.5c, as predicted. Of note: KFC...

Good FY result with divvy at 6.5c, as predicted.  Of note:

1. KFC continues to power ahead with all effort put into refurbishing and opening up new stores.  The appetite for greasy chicken still reigns supreme.
2. Company declined to give any results for Snag Stand in the preso or the report) suggesting it is still at the still born stage (throw away line of "well accepted by customers", whatever that means to the bottom line).  This is a worry, as it wreaks of somebody's hobby horse in the company: they will push on regardless, possibly to their detriment.
3. Sizzler has been flagged as an asset for disposal, at least in Oz.  By labelling it a non-core asset CKF have given notice it is likely to go.
4. On the other hand, Sizzler Asia is being talked up.  This makes sense as Sizzler Australia is an also ran concept, whereas in Asia most things western are a goer.

Underlying profit growth of +30% shows the company is travelling well and I'd expect SP appreciation going forward.