Edition:
India

Famous Brands Ltd (FBRJ.J)

FBRJ.J on Johannesburg Stock Exchange

8,037.00ZAc
20 Nov 2019
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Latest Key Developments (Source: Significant Developments)

Famous Brands HY HEPS 159 Cents
Monday, 28 Oct 2019 

Oct 28 (Reuters) - Famous Brands Ltd ::SUMMARISED UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2019.HY HEADLINE EARNINGS PER SHARE 159 CENTS.INTERIM DIVIDEND PER SHARE 90 CENTS.HY REVENUE R3 569.1 MILLION VERSUS R3 583.6 MILLION.TRADING ENVIRONMENT IS EXPECTED TO REMAIN CHALLENGING FOR AT LEAST MEDIUM TERM.RETURN TO PROFITABILITY IS NOT ANTICIPATED BEFORE END OF 2022 FINANCIAL YEAR.  Full Article

Famous Brands Says FY HEPS Seen Between 265 Cents To 329 Cents
Monday, 6 May 2019 

May 6 (Reuters) - Famous Brands Ltd ::FAMOUS BRANDS LTD - SOUTH AFRICAN BUSINESS WILL REPORT AN FY OPERATING PROFIT BEFORE NON-OPERATIONAL ITEMS IN LINE WITH PRIOR COMPARABLE PERIOD.FAMOUS BRANDS- GBK RESTAURANTS UK WILL RECORD AN OPERATING LOSS BEFORE NON-OPERATIONAL ITEMS OF GBP4.6 MILLION (2018: GBP3.7 MILLION) FOR FY.FAMOUS BRANDS LTD - FY BASIC LOSS PER SHARE IS EXPECTED TO BE WITHIN RANGE OF 432 CENTS PER SHARE TO 528 CENTS PER SHARE.FAMOUS BRANDS- EPS DECREASE ATTRIBUTABLE TO IMPAIRMENT OF R873.9 MILLION RELATING TO GBK UK AND R25.5 MILLION IN ASSOCIATED CO, ONE-OFF COSTS OF R17.2 MILLION.FAMOUS BRANDS LTD - FY BASIC HEPS COMPARED TO PRIOR CORRESPONDING PERIOD ARE EXPECTED TO BE WITHIN RANGE OF 265 CENTS TO 329 CENTS PER SHARE.  Full Article

Famous Brands Expects FY EPS To Be Over 20 Pct Lower Than Last Year
Monday, 11 Mar 2019 

March 11 (Reuters) - Famous Brands Ltd ::JSE: FBR - VOLUNTARY PERFORMANCE UPDATE AND TRADING STATEMENT.FAMOUS BRANDS - CHALLENGING TRADING CONDITIONS CONSTRAINED CONSUMER DISCRETIONARY SPEND AND KEEN COMPETITOR ACTIVITY INTENSIFIED MARGIN PRESSURE IN FY.FAMOUS BRANDS - ACROSS LEADING AND SIGNATURE BRANDS, FY COMBINED SYSTEM-WIDE SALES INCREASED 6.0%, WHILE LIKE-FOR-LIKE SALES GREW BY 2.5%.FAMOUS BRANDS - IN SA MARKET, INCONSISTENT POWER SUPPLY FURTHER WORSENED CONSUMER SENTIMENT AND NEGATIVELY IMPACTED ON OPERATIONS IN FY.FAMOUS BRANDS - DOES NOT HAVE REQUIRED DEGREE OF CERTAINTY TO PROVIDE DETAILS OF ANTICIPATED RANGE EXPECTED FOR EPS FOR YEAR ENDED 28 FEB 2019.FAMOUS BRANDS LTD - HAVE REQUIRED DEGREE OF CERTAINTY THAT EPS WILL BE BELOW THOSE OF PREVIOUS YEAR BY MORE THAN 20%.  Full Article

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