SP movement like today are nothing unusual. It was all round down day in the market.
As you mentioned debt level could contribute towards movement more than others. Global bond interests rates moved up over last week or so, which will be negative for Dmp.
DMP has options of financing debt as long as it is well profitable.
Actions they have taken to cut cost and tie up with Uber will boost profits further. DMP themselves are opening much more stores every year and their expansion is based on foreign soil like Germany, France. The number of stores Domino have in those countries is half what they have in Australia even though population is 2+times. Plenty of scope. Not depended on Australian expansion.
SP movement like today are nothing unusual. It was all round...
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Last
$31.60 |
Change
-0.510(1.59%) |
Mkt cap ! $2.909B | |||
| Open | High | Low | Value | Volume |
| $31.99 | $32.12 | $31.39 | $10.10M | 318.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 37 | $31.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.61 | 311 | 16 |
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| Last trade - 12.42pm 18/09/2024 (20 minute delay) ? |
| DMP (ASX) Chart |