Dino has in my opinion fresher vegetables then for example Biedronka. The capital allocation of Dino is simply so much better then that of competitors.
You’re right, i guess biedronka is in Poland what netto or penny are in Germany — ultra discounters. The drawback is that you better look twice before you buy fresh produce.
But the closed / packaged things are okay.
How do you see the Norwegian / polish netto in comparison to Dino?
I don’t even know whether netto is everywhere in Poland or only in certain regions.
I think it would be very ambitious to overtake the UK that fast.
As for Dino, I like the simple business model. All the shops look the same. In my town (25 000 inhabitants) two shops are located in developing parts of the town where new blocks and single-family housing estates are being built. One Dino is under construction outside the town. Until a few years ago, there were no Dino in the area. As for the reception of the store from the consumer, Dino shops are cleaner than Biedronka shops. I personally prefer Lidl than Dino and Biedronka, but maybe it's because I have it closest.
I have come across it as an EM fund holding and wrote a few weeks ago: "...the Company has 2,156 stores (end of 2022) focused on the rural consumer (rather than their urban or cosmopolitan peers) with a format unchanged since its founder perfected the formula circa 2010." https://emergingmarketskeptic.substack.com/p/em-fund-stock-picks-commentary-march-28-2023
The strategy makes sense as it sounds like a better version of dollar store formats which are taking over rural-small town-exurb America...
Nice overview!
When I visited my grandparents, we had a netto there (I think it has a Norwegian owner). For me, it has by far the best cottage cheese (twaróg). :-)
What about it in this group?
All the best,
Alan from financial-engineering.net
Dino has in my opinion fresher vegetables then for example Biedronka. The capital allocation of Dino is simply so much better then that of competitors.
You’re right, i guess biedronka is in Poland what netto or penny are in Germany — ultra discounters. The drawback is that you better look twice before you buy fresh produce.
But the closed / packaged things are okay.
How do you see the Norwegian / polish netto in comparison to Dino?
I don’t even know whether netto is everywhere in Poland or only in certain regions.
I think it would be very ambitious to overtake the UK that fast.
As for Dino, I like the simple business model. All the shops look the same. In my town (25 000 inhabitants) two shops are located in developing parts of the town where new blocks and single-family housing estates are being built. One Dino is under construction outside the town. Until a few years ago, there were no Dino in the area. As for the reception of the store from the consumer, Dino shops are cleaner than Biedronka shops. I personally prefer Lidl than Dino and Biedronka, but maybe it's because I have it closest.
The situation is in my home city the same. Looks like Dino has the same strategy everywhere.
I have come across it as an EM fund holding and wrote a few weeks ago: "...the Company has 2,156 stores (end of 2022) focused on the rural consumer (rather than their urban or cosmopolitan peers) with a format unchanged since its founder perfected the formula circa 2010." https://emergingmarketskeptic.substack.com/p/em-fund-stock-picks-commentary-march-28-2023
The strategy makes sense as it sounds like a better version of dollar store formats which are taking over rural-small town-exurb America...
If there is a correction of more than 30% on Dino's share price, I think it will be a big opportunity. It's almost at ATH now.