Famous Brands needs a sharper focus and a simpler structure
It is clear from the weaknesses of the group’s model that it should concentrate on getting the basics right
28 November 2024 - 05:00
IM last wrote on Famous Brands in June in the aftermath of an exciting election that held great promise for South Africa.
The group’s share was then trading at about R48 and IM considered it a decent hold with some chance of share price upside and a dividend to pay you to wait around. But the share has done much better than that, getting to a new 52-week high in October of R67.52 and trading at about R63 at time of writing. ..
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