CKF 12.9% $7.68 collins foods limited

I thought this is a great result with good growth planned. But...

  1. 144 Posts.
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    I thought this is a great result with good growth planned. But trying to see what might be ppl on the other side of the trade thinking. I'd say, few odd unusual things i can see..
    1. Why did they put stock trading to pause? Were they expecting some negative reaction?
    2. EBITDA grew by ~$10m but operating cashflow grew by only ~$4m
    3. If you have an ambitious store roll out target, why would you increase payout?
    4. Taco bell is the next growth engine, but they had to impair two stores - that is not a great outcome. Last time they launched another product (I can't remember the name - some hot dog thing) it failed and had to discontinue the brand.

    With very high PE, market can be quite picky. Overall I am happy to hold CKF.

 
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