They are funding the Taco Bell roll outs from internally generated cash flows. So reading between the lines, one can assume that the 1HY19 will be a good one when it comes out late November.
At current prices the P/E ratio is a smidge under 20, which is relatively cheap when you think about the growth prospects of Taco Bell in Australia and bedding down recently acquired kfc euro stores with the possibility of further acquisitions.
This company is one to buy and hold for the next 2 plus years.
They are funding the Taco Bell roll outs from internally...
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$8.51 |
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