|Bid||10.12 x 100|
|Ask||18.35 x 100|
|Day's range||15.98 - 16.23|
|52-week range||7.98 - 17.21|
|PE ratio (TTM)||∞|
|Forward dividend & yield||0.21 (1.30%)|
|1y target est||16.68|
Famous Brands (Other OTC: FMBRF - news) , South Africa's biggest fast-food restaurant chain, on Wednesday warned of lower half-year results and cut its margin forecast, sending its shares down more than 8 percent. The company, owner of Debonairs Pizza and Mugg & Bean in South Africa, has been expanding at home, across Africa and in Britain through acquisitions in dining and fast food, including the UK restaurant chain Gourmet Burger Kitchen. "In light of these factors, the Group expects that its results for the full six months to 31 August 2017 will be weaker than those reported in the prior comparable period," Famous Brands said in a statement.
South African food services franchising company Famous Brands (Other OTC: FMBRF - news) scrapped its dividend on Monday for the first time in 13 years seeking to conserve capital after a series of acquisitions boosted its debt. Chief Executive Darren Hele said Famous Brands abandoned the payout for the year which ended in February because the group's gearing is substantially higher than in prior years following seven acquisitions in 2016. "Looking at our net debt to equity ratio now, we've taken on some debt that we've not typically had and just want to make sure that before we resumed the dividend that the cash positioning is strong again and we did it for the right reasons," Hele told Reuters over the phone.
South African fast food group Famous Brands scrapped its dividend on Monday for the first time in 13 years, seeking to conserve capital after debt levels rose following seven acquisitions, which include ...
* ETF, SCB & Fibria over 4 times covered * Most actively traded: MMC 4.35% 2047s * Weekly issuance: US$34.800bn * Monthly issuance: US$89.783bn By Mike Gambale NEW YORK, Jan 11 - Below is a recap of primary ...