reports
1 director sold
A director at Famous Brands Limited sold 5,000 shares at 86.000ZAR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...
Famous Brands | Trimming the fat
Famous Brands' (FBR) recent half year update was indicative of the two divergent regions it operates in: 1) SA's revenue growth of 7.2% (despite discretionary spend being under pressure, a water shortage and continued service delivery strikes) reiterates FBR's strong market position in the country. 2) The UK operations continued to underperform. However, the recent announcement of a Company Voluntary Arrangement (CVA) provides potential relief to restructure the Gourmet Burger Kitchen (GBK) oper...
Famous Brands Ltd in Packaged Food (South Africa)
Famous Brands Ltd focuses on ensuring that it continues to supply the leading brands to the consumer foodservice industry within South Africa and in neighbouring African countries. The company is set to focus on building up its leading brands, as well as increasing the number of consumer foodservice outlets that it operates at a local level with a view to international expansion. It is also set to continue focusing on acquiring and expanding its leading franchised brands, as well as focussing on...
- Jasmine Lin
Famous Brands (FBR) - In a Pickle
Summary There are some structural changes to the cost base of FBR’s UK business which we think will result in a protracted weakening in performance from GBK. We look at labour costs and business rates and show that they have increased significantly relative to last year. We think a restructure of its debt profile should be a priority as its first bullet repayment is due in less than two years’ time. We show that even with no dividend payout in FY18, FBR may still fall short of funds required ...
Famous Brands Ltd in Consumer Foodservice (South Africa)
Famous Brands Ltd’s strategy is centred on continuing to develop its portfolio of brands, all of which are designed to be best in their class, and offering a compelling business proposition to its franchise partners. For instance, during 2016, the company opened 184 outlets and now has a franchise network of over 2,600 restaurants. Euromonitor International Local Company Profiles are a concise set of briefings detailing the strategic direction taken by a company. Discover key contact details,...
- Jasmine Lin
- Jasmine Lin
Famous Brands (FBR) - Benefitting from Brand Diversification
The verdict is still out on whether SA food companies can successfully operate company-owned restaurants, but we think FBR may have the best chance of succeeding. In this report we review the strategy of company-owned and operated restaurants in SA, specifically for FBR. We show how much capex is required for the roll-out of GBK and how it impacts FBR’s margins in the near term. We also review the various segments in which FBR’s brands trade and highlight how the brands’ performance can offs...
- Victor Dima
Famous Brands (HOLD, TP ZAR 167/share) - H2 17A result review: EBIT ma...
​Solid double digit sales growth for FY 17A and H2 17A aided by GBK acquisition.GBK consolidation weights on operating margins driving miss to AC est. A hike in financing costs and an increase in the effective tax rate added to the margin pressure caused by the GBK consolidation seeing HEPS miss ACe.Outlook remains glum: limited catalysts for local market while the outcome of Brexit creates uncertainty for international operations. Maintain Hold.
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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