This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

CKF - Collins Foods

Jump to new
Yep - there are good cap raisings and bad, just need to differentiate.
 


On the move again?
Some bearish divergence may halt the progress for a while....let's see what happens from here.
 
Bought into this back in January when I was looking for the the sort of businesses that benefit from lockdown, had a mainly younger clientelle, and good takeaway processes. Was already into Dominoes , which was doing pretty well, and this one came up .
Had a recent pullback from its 13 highs after the recent FY21 report, trading now at 10.80.
The report I thought was reasonably good, but the lack of management guidance seems to have spooked the market a bit.
I still see some value in it, so have added to my holdings.
Mick
 
Was driving past a Domino's pizza joint today and my thoughts wandered to Collins.
Decent uptrend again.
Any entry after July would've been nice... "shut up and take my money" ?
I understand their advertising is pointed at younger people with healthier livers than mine, however I reckon they could easily broaden there target audience.

 
Announced a restructure of Debt facilities.
Has concentrated on reducing debt over recent times, not sure why they needed to restructure debt and increase the ability to add more debt should the need arise.
This suggests they might be looking at adding some balance sheet via takeovers.
I much prefer organic growth rather than growth by acquisition.
I might take my profits on this one and wait for another pullback.
Mick
 
Sold out at 12.40 when it started coming off the highs of 13.25.
Want to get back in, as I still think its got growth potential (there is a new KFC opening up in the next town to me).
My kids all favour KFC over maccas, which is another plus.
Would love to get back in under 11 bucks if I can, but will accept low 11.
mick
Mick
 
Back into CKF average price a tad over 12.
Look to get out again if it heads above 13.40.
Mick
 
CKF signed a management deal to handle all the KFC franchises in the Netherlands.
Won't do any harm.
Mick
 
Back into CKF.
Good half yearly result out today, revenue up 8.5%, profit up 26% after tax, dividend of 12 CPS, same as last years.
KFC Europe was the big driver,
They recently took over management of KFC sores in the Netherland, so that should underpin further growth for the full year.
Will top it up further any time it gets beklow 12.40.
Mick
 
Another 52 week high today on a generally down day.
May have mossed the boat on topping up below 12.40/
Such is life.
Mick
 
Somebody keen for a chunk of CKF today.
Buy order in at 14.01 that will gobble up 50% of the sells on offer.
Be interesting to see where it finishes the day.
Mick
 
Let's see if CKF can tow the 200dsma line with all this supply chain turmoil happening. I just bought this yesterday, prior to seeing all the publicity of reduced menu and so forth. Meh, whatevr!
I have put this in my KISS thread down in Trading Journals section with more comments.

 
tech/a said:
The volume Spike is a massive sell off so should be seen as resistance not support
Click to expand...
.....exactly, and this is what has blinded me for so many years to the secret of trading with volume spikes John. I also have looked into the spikes to see if they are buyers or sellers. When identified as sellers I have taken no further notice or worse, sold a stock with that knowledge, often to see it rise with me left at the curb looking dumb faced. I am still working on this but I can see a degree of logic behind what I am thinking.

I have just explained this to my son whom I am encouraging to trade Bitcoin, let me copy and paste my email to him in order to save saying it twice...

 
You must log in or register to reply here.

Similar threads

TLC - The Lottery Corporation
2
Replies
20
Views
3K
Dona Ferentes
R
The American use of War Pretext Incidents
Replies
6
Views
9K
sptrawler
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...