Ann: Presentation re Acqusition of KFC Restaurants in Netherlands, page-83

Brumby, it seems you nibblers are biting harder this morning.

CKF has a habit of giving back all of the up move as it has now done more or less. Sentiment tends to stay low for a maximum of 2 weeks at a time.

The last rise took SP through 4 resistance levels of 500, 550, 600 and 650 which was over-exhuberant but we seem strong above the breakout.

I think this is a no brainer conditional on getting a square deal from YUM on the Dutch resto acquisition. Knowing the Yanks, I expect they are urgently turbo charging profits as they sell off their resto businesses. I think CKF were dudded but not too much.