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Famous Brands Ltd (FBRJ.J)

FBRJ.J on Johannesburg Stock Exchange

10,206.00ZAc
7:13am GMT
Change (% chg)

221.00 (+2.21%)
Prev Close
9,985.00
Open
9,951.00
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10,206.00
Day's Low
9,951.00
Volume
7
Avg. Vol
89,629
52-wk High
12,723.00
52-wk Low
9,059.00

Latest Key Developments (Source: Significant Developments)

Famous Brands Says No Objections Raised During 28-Day CVA Proposals Challenge Period
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Famous Brands Ltd ::FAMOUS BRANDS - CONFIRM THAT NO OBJECTIONS WERE RAISED DURING 28-DAY CVA PROPOSALS CHALLENGE PERIOD, WHICH CONCLUDED ON 10 DECEMBER.FAMOUS BRANDS - BOARD SATISFIED THAT CVA PROGRAMME WILL ACHIEVE GOAL OF PROMOTING LONG-TERM FINANCIAL VIABILITY AND SUSTAINABILITY OF GBK BUSINESS.FAMOUS BRANDS LTD - EXISTING DEBT HAS BEEN SUCCESSFULLY REFINANCED WITH EFFECT FROM 10 DECEMBER 2018.  Full Article

Famous Brands Posts HY HEPS 188 Cents
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Famous Brands Ltd ::FAMOUS BRANDS LTD HY HEPS 188 CENTS.HY REVENUE 3,583.6 MILLION RAND, UP 5.4 PERCENT.CONTINUES TO COMPLY WITH FINANCIAL COVENANTS AND COMFORTABLY MEET DEBT REPAYMENT OBLIGATIONS.IN DISCUSSIONS WITH FINANCIERS TO FURTHER DECREASE GEARING, AIMED AT REDUCING GROSS DEBT:EBITDA RATIO TO TWO TIMES.NO DIVIDEND IS DECLARED FOR THE PERIOD UNDER REVIEW.RESOLVED THAT FUTURE DIVIDENDS WILL BE TRIGGERED WHEN THE SHORT- TO MEDIUM-TERM GROSS DEBT:EBITDA RATIO REACHES TWO TIMES.IS TRADING UNDER A CAUTIONARY ANNOUNCEMENT AS RELEASED ON 17 AUGUST 2018.PROSPECTIVE BUYER FOR COEGA CONCENTRATE TOMATO PASTE PLANT IDENTIFIED; NEGOTIATIONS REGARDING SALE ARE IN PROGRESS.TRADING WILL BE RELATIVELY MUTED, ADVERSELY AFFECTED BY A SHORTER YEAR-END SCHOOL HOLIDAY DURATION AND SUSTAINED FINANCIAL HARDSHIP.PRIMARY CHALLENGE IN THE UK WILL BE TO "RE-ESTABLISH GBK'S GOLD STANDARD ACROSS THE ENTIRE VALUE CHAIN".  Full Article

Famous Brands Says British Unit GBK To Initiate CVA With Assistance Of Grant Thornton
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Famous Brands Ltd ::FAMOUS BRANDS - DECISION HAS BEEN TAKEN BY BOARD OF GBK TO INITIATE A COMPANY VOLUNTARY ARRANGEMENT (CVA) PROCESS WITH ASSISTANCE OF GRANT THORNTON.FAMOUS BRANDS LTD - GBK IS AN INDIRECT WHOLLY OWNED SUBSIDIARY OF FAMOUS BRANDS.FAMOUS BRANDS LTD - GBK IS A COMPANY REGISTERED IN ENGLAND WITH ITS MAIN TRADING OPERATIONS IN UK.  Full Article

Famous Brands Says Considers Strategic Options Relating To A Unit
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Famous Brands Ltd ::JSE: FBR - RENEWAL CAUTIONARY ANNOUNCEMENT.FAMOUS BRANDS LTD - COMPANY CONTINUES TO CONSIDER STRATEGIC OPTIONS RELATING TO A SUBSIDIARY.  Full Article

Famous Brands says ‍HY revenue up 39 pct to 3.4 bln rand
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Famous Brands Ltd ::FAMOUS BRANDS LTD - ‍HY REVENUE UP 39% TO R3.4 BILLION​.FAMOUS BRANDS LTD - ‍HY HEADLINE EARNINGS PER SHARE DOWN 59% TO 170 CENTS​.FAMOUS BRANDS LTD - ‍HY OPERATING PROFIT BEFORE NON-OPERATIONAL ITEMS AT R406 MILLION​.FAMOUS BRANDS LTD - ‍AT END OF PERIOD, CASH AND CASH EQUIVALENTS WERE R493 MILLION (2016: R452 MILLION)​.FAMOUS BRANDS LTD - ‍ANTICIPATED THAT GROUP'S "LEADING" BRANDS WILL DELIVER STRONGER RESULTS IN SECOND HALF OF YEAR​.FAMOUS BRANDS LTD - ‍BOARD IS OF OPINION THAT GBK'S RETURN TO PROFITABILITY WILL BE ACHIEVED IN NEXT FINANCIAL YEAR​.FAMOUS BRANDS LTD - ‍OPERATING ENVIRONMENT IN BOTH LOCAL AND UK MARKETS IS EXPECTED TO "REMAIN TESTING"​.FAMOUS BRANDS LTD - REVIEWING ‍OPTIONS INCLUDING ACCELERATED DEBT REDUCTION, DIVIDEND PAYMENTS AND ACQUISITIONS.FAMOUS BRANDS LTD - ‍NO INTERIM DIVIDEND WILL BE PAID​.  Full Article

Famous Brands sees HY 2017 HEPS to fall within range of 153-187 cents
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Famous Brands Ltd :‍FOR SIX MONTHS ENDED 31 AUGUST 2017, HEPS ARE EXPECTED TO DECREASE TO WITHIN RANGE OF 153 CENTS PER SHARE TO 187 CENTS PER SHARE​.FOR SIX MONTHS ENDED AUG 31, ‍GBK RECORDED A PBIT LOSS OF GBP872 000.  Full Article

Famous Brands says FY revenue up 33 percent
Monday, 29 May 2017 

May 29 (Reuters) - Famous Brands Ltd ::Fy revenue up 33 percent to r5.7 billion.Fy operating profit before non-operational items and additional interest costs up 18 percent to r938 million.Fy headline earnings per share before non-operational items and additional interest costs up 13 percent to 613 cents per share.  Full Article

Famous Brand's UK burger chain shuts 14 struggling stores

JOHANNESBURG South Africa's Famous Brands said on Tuesday its UK-based unit Gourmet Burger Kitchen (GBK) has closed 14 out of 17 under-performing stores following the approval of a restructuring plan by creditors.