This is a bargain... I bought some just now.

i bought some too, for my sipp ...... replaces part of what i top-sliced a few months ago

Snap I have bought for all 3 of my A/Cs.

We will all be eating pizzas everyday!

Not from this lot, there horrible.

Been waiting for a sell off. Nearly at a good entry point for me.

Citigroup has downgraded its stance on Domino's Pizza to 'neutral' from 'buy' and cut the price target to 350p from 480p as it pointed to premium multiples and slowing like-for-like sales.
It noted the shares fell 12% on the back of the FY2016 results, mostly related to a sharp slowdown within the company's core UK business for the first nine weeks of 2017.


Ohhh... Citi knows NOTHING...

MFS Go above 10% http://http://www.moneyam.com/action/news/showArticle?id=5515541

DOM moving upwards now at 335p... told you all that Citigroup reviews are worth nothing at all.

Berenberg Buy 317.50 425.00 400.00 Reiterates

Barclays Capital Equal weight 317.50 - 350.00 Retains

Down nearly 6%...what a nonsense market 😃

not so ..... see my comment below

DOM
was a long-time fave of mine but i sold the balance of my holding a few weeks back
though it is unquestionably an excellently run company - though personally i wouldn't go near the product - it must surely find itself badly hit by weak £ and thus increasing costs of raw materials as well as a sharply rising wage bill due to the "living wage" legislation

Investec note today:
"We believe Domino’s Pizza faces a number of challenges with rising competition, increased price discounting, new store cannibalisation and a weak consumer environment likely to continue for some time. In this context, we believe consensus estimates are overly optimistic on LFL sales growth of c.4% for FY17-19; our earnings estimates are c.4-8% below for the period. We initiate with a Sell recommendation and set our DCF-based target price at 271p.

Additionally, the consumer backdrop is changing, while Domino’s core customer base of 18-34 year olds are becoming increasingly value driven, which could limit any future upside to gross margins. Furthermore, increasing health consciousness could put further pressure on volumes – the most popular Domino’s pizza is the Pepperoni Passion at 1813 calories, 91% of a woman’s recommended daily calorie intake and 73% of a man’s in the UK."

Vontobel Asset Management go above 3%.

StockMarketWire.com
Domino's Pizza Group's system sales rose by 10.5% to £546.5m in the 26 weeks to 25 June with underlying pre-tax profits up 9.1% at £44.6m.

On a statutory basis, revenues were up 19.8% at £211.3m but after-tax profits fell by 5.3% to £37.7m.

The board has recommended an interim dividend of 3.75p per share - up 7.1%.

Chief executive David Wild said:
"The first half of 2017 has been another period of good progress for Domino's Pizza Group, despite a more uncertain UK economic environment. The core business delivered strong year-on-year system sales, continuing to take pizza market share, with good like-for-like performance.

"We've had a record six months in the UK, opening 40 new stores and have consequently raised our expectations from 80 to 90 this year. I'm delighted we'll shortly be opening our 1,000th British unit and we are well on track to achieve our goal of 1,600.

"DPG continues to lead the pizza market, with innovations such as the popular Lotta-Chocca pizza and our launch today of Amazon Echo voice ordering. Following a successful trial, we'll be rolling out GPS, which will enable customers to track their delivery and help franchisees with labour management.

"This autumn, we'll invest around £4m to improve customer value, supported by a bold new advertising campaign.

"We've taken controlling positions in our Nordics operations and completed the acquisition of the Dolly Dimple's pizza chain in Norway, giving us immediate scale with promising early results in attractive markets, which are, as yet, underdeveloped.

"Our ongoing investment in growth, our new Warrington supply chain centre, digital capabilities and overseas expansion is balanced by returning capital to shareholders through dividends and share buybacks.

"Whilst we acknowledge that our UK consumers are currently more cautious about the economic outlook, we're focussing on growth investment with our franchisees; boosting marketing; improving customer engagement and enhancing our leading position in food delivery. Pizza remains the world's most popular delivered food, and Domino's is the top choice for consumers."

Why is it dropping with good results?

I ask the same. Can't understand it.

Agree, some people think they know something that the average person doesn't what it is I don't know...Alf further back in the thread gave his view.

depends where you look
i was certainly a big fan of this stock for years, and held as well
though there was always a tendency for it to bomb on the figures, i am very glad i baled out a couple of months ago
other matters apart, DOM must surely be hurting from low £ (higher cost ingredients) and the increase in minimum wage

Has anybody tried their Lotta-Chocca pizza?