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FBR's franchise model means they collect rent without sweating the kitchen heat. Problem is the outlets have to actually work, and load-shedding's been murder on QSR margins this side of the Limpopo. At R55.48 they're cheap relative to what the brand portfolio should earn in a normal year, but you're basically betting the rand steadies and people keep buying bunny chow through the power cuts.
fbr catching a bid after that dip to r54 range. franchise model keeps cash flowing even when foot traffic is choppy, beats sitting in pure retail. reckon if they can tighten cost structure on the company stores the upside runs past r60.
Do you think FBR can actually grow same-store sales if load-shedding keeps hurting foot traffic at the outlets. Margins look okay on paper but wondering if the franchise model is protecting them enough when consumers are cutting back on eating out.
FBR sitting at R51.81 is decent value if you believe in the property recovery story. Earnings have been lumpy but balance sheet is solid compared to peers, and they're not overleveraged like some of these other guys. Long term play if you can stomach the volatility, property cycle will turn eventually.
FBR at R51.81 is still a steal compared to where this thing is headed. Revenue ramping this year, pipeline is massive and these bears have zero patience. We are a pre-revenue company, look at what happened to similar plays once they hit inflection, can't fix stupid.
FBR sitting at R51.81 and the fundamentals are solid but we need to see actual revenue traction. Competitors are already moving, this needs a big contract win to justify the valuation. Until then its just treading water, lets get a deal done and then it will run, simple as that.
FBR AT R51.81 IS A STEAL!! LOOK AT WHAT HAPPENED WITH CASHBUILD WHEN THEY SORTED THEIR LOGISTICS, THIS IS EXACTLY THAT PLAY!! EARNINGS GROWTH COMING AND MARKET STILL SLEEPING ON IT, R80 EASY BY END OF YEAR, BEST IS YET TO COME!!
Everyone seems happy with FBR up nearly 1% today but I'm worried about the restaurant sector getting hit harder than people think with load shedding and rising costs. Am I missing something or is the market being too optimistic here?
Trimmed my FBR holding at R5345 after watching the franchise model deliver consistent returns since the early 2000s, but the recent margin compression in the QSR division reminds me of 2008 when consumer discretionary took a proper beating, so I'm keeping a scaffold position rath
FBR down 0.59% to R5358 today but the pullback looks like noise given the counter's structural advantages in QSR and quick service. At these levels you're getting reasonable entry into a business with improving unit economics across Mugg & Bean and Wimpy, though liquidity remains
FBR's 4.16% pop to R5463 is encouraging, but I need to see their latest SASB disclosure on supply chain labour practices and plastic packaging reduction targets before committing capital, given the sector's notorious ESG vulnerabilities.
FBR's 2.38% pullback to R5245 presents an interesting technical entry for those tracking the business model rather than chasing momentum. Consumer discretionary exposure remains compelling if management can demonstrate improved inventory turnover and maintain margin discipline th
FBR's pullback to R5245 doesn't particularly concern me given the defensive nature of the franchise model, though I'd need to see the latest dividend yield relative to the 10-year average before adding more. The -2.38% dip feels like noise if earnings remain stable, but the consu
FBR down 2.40% to R5237 - is this the dip before the festive season push, or are we finally pricing in that their margins are getting squeezed harder than we thought?
Watching Famous Brands (FBR) at R5424.00. Not in yet, but building a thesis.
FBR down 1.53% to R5400 feels like panic selling. Their franchise model still prints cash even when consumers tighten belts.
FBR's down 0.98% but that's noise — Wimpy and Steers have serious pricing power in this inflationary cycle. Market's sleeping on their franchise model resilience.
FBR down 0.35% to R5094 feels like panic selling. Nando's and Wimpy cash flows remain solid even when consumers tighten — these are affordable treats people don't cut first.