LONDON (AFX) - Domino's Pizza UK & IRL PLC said chief executive Stephen Hemsley has sold around 258,000 shares at 670 pence each yesterday, bringing down his stake in the company to 4.27 pct.

The company said chairman Colin Halpern has sold 350,000 shares at 670 pence each, lowering his stake to 11.70 pct.

It also said non-executive director Nigel Wray has sold about 491,000 at 670 pence, reducing his holding to 22.12 pct

Yesterday, Domino's Pizza reported a 28 pct rise in full-year pretax profit, boosted by a significant growth in sales."

Personally I don't think there is anything ominous in these director sales as they still hold a considerable stake in DOM.

on balance, I think you're right and as I commented, they clearly had no prob placing them ...... as above, bought some more this morning at 673, which was a little highewr than I might have got them a bit later ...... thought their trading statement was strong and still reckon they are a potential t/o target, though that would be entirely the wrong reason to buy.

i now look forward to RTN's results which are due within the next couple of weeks ..... good things expected there too

Afraid I have sure got DOM wrong, or at least for the moment ..... Though what Harry says is true, the market has clearly got pretty spooked by the volume being sold (about 1m) and the number of directors doing so ..... It is not impossible that they went to a single source, and as 1m shares equates to nearly 2% of the shares issued, that could then, with what may already be held, constitute a declarable interest.

Future prospects are good imo, so no immediate cause for alarm. The fundamentals are still good and with the new shops the revenue should continue to grow.
We just got our timing a little bit wrong, not knowing that the Directors were on a selling spree.
The sp has already recovered a little since the earlier fall to 655p.

Tom Winnifrith on t1ps.com has given a "Take Profits" statment. He reckons it's run out of steam.

MS

well TW called that wrong then didn't he!

Harry .... guess you can call your rotweiler off now .... lol! ..... sorry if initial timing was a bit haywire, but i(we) got ambushed by director sales

Confidence is high.
Am in this for 6-12 months so not too worried about the odd hiccup.

would love to know what happened to those 1m directors' shares though

perhaps time to start looking to buy this one again .... shall contemplate

WHAT!!! I can't remember you suggesting selling it! :o)

i took my profits here 2/3 weeks ago at 702 but have just bought back in at 652.5 ...... look quite strongly bid at the moment.

also took my profit at RTN about 3 days ago as a precaution against the markets falling out of bed .... this of course they duly did, though RTN has bucked the trend on the back of a strong buy note from Dresdner or similar.

Not quite a fair comparison, but DOM now looks better value than RTN

Cynic, if you are about, Shares Mag chartist has recommended a sell at 650p, stop loss 680p, target 540p, based on a bearish divergence on the chart with no support from the 50 DMA. The 200 DMA is currently at 540p & the theory is that he thinks the sp will now test this level. Any thoughts?

i am happy to differ ...... Shares Mag is interesting but am far from convinced as to its performance record ...... I happen to like DOM (and RTN) as imo, this is absolutely the right sector and both DOM and RTN have the proven track record of performing outstandingly .... whether or not DOM has a short term blip remains to be seen ..... my current position (traded very profitably previously) is at break even

No, I'm not saying the Shares Mag is the Holy Grail, but all opinions contribute to a balanced view.
Yes, a short term bounce down, so for you guys who play the points, the opinion is to go short.

i see where SM is coming from but the comment seems to a pretty cagey sort of sell - i.e. Simon Griffith does not sound overly convinced himself, no doubt based on DOM's historic strong performance

i already hold, but for those who do not, keep an eye on the chart ... sp just trying to break back UP through 25 dma + undemanding rsi (see post 67)

BANG! ..... don't know why the rise, but certainly arrived with something of a vengeance ...... 687/700 next hurdle ..... break through that, and sp is in new high ground

No news that I can see & not particularly big volume of shares traded (24000) so far today. But I am back in profit, so no complaints.

volume only ever averages 3/400k ...... from memory, DOM is about to split the shares to aid stock liquidity ..... but the company is good anyway ..... i chop n change between this and RTN and sometimes hold both, depending on what the "value" n stuff look like

Strange as the AGM is coming up on the 27th & also the following which I would have thought would have diluted the value a little:

"The company has today applied for 99,250 new ordinary shares of 5 pence each in the company to be admitted to trading on the Alternative Investment Market of the London Stock Exchange ('Admission'). These are shares which have been issued pursuant to the exercise of options by certain employees of the Company under the Domino's Pizza Share Option (Unapproved) Scheme. Admission of such shares is expected to occur on the 25 April.

Following the issue of such shares, the Company's issued share capital consists of 51,580,384 ordinary shares with voting rights."