Sharenet carried a story about Nandos coming back to the stock market. The Telegraph carried a more detailed story about Nandos including the obvious benefit of raising funds in GBP instead of ZAR.
I will be buying if there's a duel-listing on JSE. What were the reasons they un-listed from the JSE in 2003?
Greed by the directors and they were more interested in expanding in Australian than running their SA outlets.
Still haven't decided whether they were just stupid or exceedingly arrogant as business managers
Today I don't think Nando's is relevant in the SA market anymore.
Myself I never invest in companies who left the JSE under a cloud or through sheer arrogance by management, only to return so if Nando's return I shan't be buying - Holdsport is a returned entity and Edgars is also likely to return but I will not take up any investment in either of these companies - firmly believe in "once bitten twice shy"
