Momentum Metropolitan: Building steadily on two strong brands
As a mid-cap share MoMet is not as readily tradable. In the current climate, its share price could get worse before it gets better
You may remember Momentum Metropolitan by its old name, MMI. Current CEO Hillie Meyer (who was also CEO in the early 2000s) thought, wisely, that MMI didn’t mean much — there are motor dealers with that name. And it was worth highlighting the two strong brands, Momentum and Metropolitan, in its stable.
One of Meyer’s first decisions was to cancel the head office’s move from Centurion to Sandton.