DP Poland – trading update, was the placing for “further expansion and market penetration”?...

Pizza restaurants and stores in Poland and exclusive rights to Domino's Pizza in the country company DP Poland (DPP) has announced a trading update including “like for like System Sales up 16% in Q4 2021 compared to Q4 2020… Cash at bank of £1.8m as at 31 December 2021 (2020: £1.2m)”. However, and already down from above 10p as recently as June, the shares have currently responded further lower, towards 6p. So what’s the story here?...

DP Poland – placing for “further expansion and market penetration”. Really?...

Operator in Poland of pizza stores and restaurants and of the Domino's Pizza franchise, DP Poland (DPP) has announced a £3 million placing it emphasises at a premium at 8p per share and with “it requires additional capital investment to implement its growth plan for further expansion and market penetration”. So what of a current 7.75p share price?...

DP Poland (#DPP) – H1 even EBITDA loss, argues recent improvement

DP Poland (#DPP) – June trading update following certain restrictions being lifted in Poland, no bottom-line financials

DP Poland (#DPP) – FY increased loss, argues currently “satisfactory top-line performance considering the circumstances”

DP Poland (#DPP) – proposed reverse takeover of Polish pizza restaurant business Dominium S.A. & fundraising at 8p per share

DP Poland (#DPP) – proposed reverse takeover of Polish pizza restaurant group Dominium S.A., shares suspended

DP Poland – AGM trading update, “in a relatively good position”?

Exclusive rights holder to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has updated including “we have been able to keep open all our stores and our 2 commissaries operating without interruption… a reduction in our food and labour costs and in some of our rent costs… According to EU forecasts, Polish GDP will shrink by 4.3 per cent. in 2020 and this will be the smallest expected drop among all EU countries, Bloomberg noted”. The shares are though currently at 7.25p, approaching 5% lower...

DP Poland (#DPP) – March LFL system sales -14%, each of April and May +3%

DP Poland – shares up as argues “confidence”… but how confident do the financials suggest to be?

DP Poland (DPP), which has the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, has updated commencing; “Group performance in line with management expectations for 2019” and concluding that looking ahead “confidence comes from our positioning in the market place with the Domino's brand and our experienced team offering to the market great products, service and price”. The shares responded 20% higher on the day to approaching 10p…

DP Poland (#DPP) – updates including H2 LFL System Sales +6%, though also “continue to experience the impact of competition and labour inflation particularly”

DP Poland – interims, ‘growing well’? Er…

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has announced results for the first half of 2019 emphasising “system sales up 10%, like-for-likes returning positive from March and more sub-franchisees in place… Appointment of General Manager in Poland”. The shares have responded towards 5.5p – er, another few percent lower…

DP Poland – argues trading “momentum return”… but again what does it mean financially?

Previously writing on the company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP), in May I noted argues “been effective at driving sales”… but what does it mean financially?. Surely some useful insight now from a “H1 2019 Trading Update”…

DP Poland (#DPP) – H1 system sales +10%, notes like-for-likes returning positive but nothing on cash flow

DP Poland – argues “been effective at driving sales”… but what does it mean financially?

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has updated including “our marketing campaign featuring Damian Kordas launched in the second half of January and has been effective at driving sales, as has our trial partnership with food delivery aggregator Pyszne”. The shares have responded higher to 9p – but that still comparing to even a start of 2019 more than 12p…

DP Poland (#DPP) – Q1 “in line with management expectations”, 3 new stores opened

DP Poland – 2018 “24% increase in System Sales, 18% growth in revenue”… so why continued share price decline?

The company with the exclusive right to develop, operate and sub-franchise Domino's Pizza stores in Poland, DP Poland (DPP) has announced 2018 results emphasising “24% increase in System Sales, 18% growth in revenue, 66 stores open to-date”, “the share placing completed at the end of February gives the business the requisite funds for further corporate store openings and investment in sales and marketing… we have launched an innovative marketing campaign for 2019” and “we are trialling a partnership with the largest delivery aggregator, Pyszne (Takeaway.com) and early signs of significant incremental sales look promising”. However, already down from more than 20p as recently as December, the shares are currently further lower at around 8p…

DP Poland – “Broker Option Update” = incredible further contempt for diluted smaller investors who’ve seen the share price destroyed

DP Poland (DPP) “is pleased to announce that it has conditionally raised additional gross proceeds of approximately £0.5 million via the broker option”. “Pleased to announce”, really?!?...

DP Poland – trading underperformance, massively discounted bailout placing… CEO “step down… by mutual agreement”!?

I’ve consistently warned on DP Poland (DPP) – most recently last year with the shares at around 30p HERE. Today a “Proposed Placing, Board Change & Trading Update” announcement…

DP Poland (#DPP) – £5.3m placing at 6p per share, a 58% discount!, ‘mutually agreed’ (if you say so!) that CEO is “to step down”