fbr still sitting on decent margins given the load-shedding impact on operating costs, but the franchise mo…by @julianreins_jse on $FBR

fbr still sitting on decent margins given the load-shedding impact on operating costs, but the franchise model is doing heavy lifting here. read the last sens filing, same-store sales actually ticked up in the urban outlets, which ngl is the real test when consumers are under pressure. not convinced the market's priced in how much operational leverage kicks in once energy stabilises, could be decent value at r58.19 if you're holding 2-3 years.