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RFG - Retail Food Group
- Thread starter Dreadweave
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- retail retail food group rfg
Wysiwyg
Everyone wants money
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It was the first stock I bought so I do know where it has come from.
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It was the first stock I bought so I do know where it has come from.
So why would you think that a company that is steadily raising dividends must over time have a decreasing share price.
Wysiwyg
Everyone wants money
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When did I think that?
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Wysiwyg
Everyone wants money
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I don't think they 'must' but clearly some peak on share price and plateau or decline over time. For example I could not buy 1000 shares in a company at $6 and watch the share price drop to $4 for a pizzly 5% dividend. Dividend and capital growth for me thanks.
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Rising dividends does not suggest a company has peaked.
The rising dividend payout ratio could suggest a slowdown in growth, but it doesn't have me worried. I see them paying down debt quickly and making some acquisitions, but they also increasing dividend payout ratio. So it seems they are leaning towards dividends over growth, but the growth with hopefully continue, the cash flow will support it easily at least.
Falling debt/gearing allows for further acquisitions for growth. Rising dividends allows me to buy more share if I want to. Either option is quite fine, as long as the RFG business model is good.
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Better than watching it go to 4 without a dividend. To many companies hold cash they don't need and end up wasting it on expansion efforts that don't create value. When determining whether a company is going to create value for shareholders you need look alot deeper than whether their dividend pay out ratio is high.
Result will be out this week and they just acquire
http://www.pizzacapers.com.au/
hasn't been too bad of a stock so far
steady rising price, steady increase in dividend payment
steady small acquisition that add that tiny little extra to earnings
let see how perceived un-healthy opinion vs rock star fundamentals pan out in a few years.
something I learn from Warren Buffet this week in his annual letter to shareholders..
you can look all you like, but what you see is what matters
I have looked at some stocks and I did not see therefore I join the game late or not joining at all...
I must admit some business I can not see well at all but some business as soon
as I look I see it right a way , despite the bad press and these are stock that time and time again delivered multi baggers ... so I must learn to stick to the one I see well when I look ...
http://www.pizzacapers.com.au/
hasn't been too bad of a stock so far
steady rising price, steady increase in dividend payment
steady small acquisition that add that tiny little extra to earnings
let see how perceived un-healthy opinion vs rock star fundamentals pan out in a few years.
something I learn from Warren Buffet this week in his annual letter to shareholders..
you can look all you like, but what you see is what matters
I have looked at some stocks and I did not see therefore I join the game late or not joining at all...
I must admit some business I can not see well at all but some business as soon
as I look I see it right a way , despite the bad press and these are stock that time and time again delivered multi baggers ... so I must learn to stick to the one I see well when I look ...
1H12 Highlights
6.7% increase in 1H12 NPAT to $14.5m (1H11: $13.6m)
21.4% increase in interim dividend (to 8.5 cps)
Increased dividend payout ratio to 63% (1H11: 55%)
Gearing ratio reduction to 29.5% - lowest since 2007 debt funded acquisitions
Continuing strong net cash flow conversion to EBITDA of circa 94%
Gross margin expansion to 83.9% (pcp: 66.4%)
20 new outlets commissioned consistent with guidance
Rapid and successful integration of NZ based Evolution Coffee Roasters Group (acquired Sep 2011)
Positive weighted AWS and ATV growth in all franchise systems
6.7% increase in 1H12 NPAT to $14.5m (1H11: $13.6m)
21.4% increase in interim dividend (to 8.5 cps)
Increased dividend payout ratio to 63% (1H11: 55%)
Gearing ratio reduction to 29.5% - lowest since 2007 debt funded acquisitions
Continuing strong net cash flow conversion to EBITDA of circa 94%
Gross margin expansion to 83.9% (pcp: 66.4%)
20 new outlets commissioned consistent with guidance
Rapid and successful integration of NZ based Evolution Coffee Roasters Group (acquired Sep 2011)
Positive weighted AWS and ATV growth in all franchise systems
Result looks pretty good to me on first glance. I thought this was under-valued in the $2.50s and picked some up.
The acquisition fits in with their strategy & sees them try to become a market leader in the gourmet pizza niche. Interesting to see how this fares against the backdrop of Dominoes going from strength to strength.
I think the growth and results over the past few years demonstrates the ability of management to assimilate and manage franchise systems in a profitable and cost-effective manner. It's not easy, but they've done a good job so far and the acquisitions that they have made make sense. The Michel's restructure also looks to have boosted margins quite nicely. The diversity of earnings may well be a key if our economy starts to "tank" as well.
The acquisition fits in with their strategy & sees them try to become a market leader in the gourmet pizza niche. Interesting to see how this fares against the backdrop of Dominoes going from strength to strength.
I think the growth and results over the past few years demonstrates the ability of management to assimilate and manage franchise systems in a profitable and cost-effective manner. It's not easy, but they've done a good job so far and the acquisitions that they have made make sense. The Michel's restructure also looks to have boosted margins quite nicely. The diversity of earnings may well be a key if our economy starts to "tank" as well.
CanOz
Home runs feel good, but base hits pay bills!
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Anyone tried Pizza Capers? I've tried Crust and found it pretty underwhelming. They call it gourmet but it really just tastes like any other mass produced pizza.
The growth in Crust has been phenomenal. Even in 2006 they only had eight stores. Six years later and they have over 100. They must be doing something right.
The growth in Crust has been phenomenal. Even in 2006 they only had eight stores. Six years later and they have over 100. They must be doing something right.
Living in QLD, they are starting to pop up every where now.
I really like it. Definitely better than Dominoes quality wise. Never tried Crust, seems to be a Sydney chain?
CanOz
Home runs feel good, but base hits pay bills!
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I just suggested it to McLovin's lady friend. She turned her nose up at the idea of pizza, so I guess it's Thai, again.
Looks as though they don't deliver to me anyway.
LOL, why does your lady friend like Thai and not Pizza McLovin?
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paid $15K for my SPP
this business the longer you hold the more money you make...
time is definite your friend if you are into this business.
I reckon EPS this year around 29-30c and dividend 60% of that maybe 18c or so
make it a respectable yield that more reliable than cash in the bank
DMP unhealthy check
RFG unhealthy check
CKF unhealthy check
how come these guys keep making more and more? next time someone mentioned the word unhealthy
maybe they mean unhealthy for your portfolio if you dont own them
this business the longer you hold the more money you make...
time is definite your friend if you are into this business.
I reckon EPS this year around 29-30c and dividend 60% of that maybe 18c or so
make it a respectable yield that more reliable than cash in the bank
DMP unhealthy check
RFG unhealthy check
CKF unhealthy check
how come these guys keep making more and more? next time someone mentioned the word unhealthy
maybe they mean unhealthy for your portfolio if you dont own them
