Spur Corporation Limited. JSE: SUR

Spur Corporation website

Background of Spur Corporation

  • Spur Corporation is a multi-brand restaurant franchisor operating the renowned Spur Steak Ranches and a number of other restaurants and subsidiaries, and is one of the largest companies of its kind in South Africa.

  • The group also owns the RocoMamas, Grill & Sushi, John Dory’s, Captain DoRegos, Panarottis and Hussar Grill franchises. Spur today has over 570 outlets worldwide, and has expanded into other African countries, Mauritius, the UK and Australia. The group does not get involved in the day-to-day operations of the franchise outlets, but maintains a high level of supervision across all restaurants

  • First listing in 1986, Spur Corporation shares have had a long and successful history on the Johannesburg Stock Exchange (JSE). The group has a JSE market cap of around R3.5 billion.

Spur Corporation Shares Growth Driver

  • The Spur Corporation’s growth has largely revolved around the immense popularity of Spur Steak Ranches, which have become South Africa’s most popular family restaurants. This has allowed the group to expand into other food formats and broaden its international footprint. The group provides a range of centralised services to support its local and international network of franchise and retail restaurant operations across its seven brands, with franchise and procurement fees as key revenue drivers.

  • In recent times, Spur’s performance has been hampered by the economic climate in South Africa, which has put pressure on consumer spending. The group’s financial data for 2016 highlighted slightly improved results, with headline earnings rising from R141 million to R163 million. The company allocates significant capital to opening new outlets, and a total of 84 new restaurants were opened during the year. Total group sales grew by 13% to R7 billion, although international sales only increased by 2.8% due to the UK restaurants ceasing to trade.

  • The new RocoMamas franchise has been a particularly strong performer which has exceeded all expectations. Off the chart demand saw the Spur Corporation revising its initial plan to open 15 RocoMamas outlets, raising this to 33. Franchisee interest has been strong from both locally and abroad.

  • Spur Steak Ranches remains by far the biggest contributor of profit, and the group took a significant step in expanding the brand by launching Spur Grill & Go, a convenient, casual version of the full-size format. Three of these stores have so far been opened, with a national rollout anticipated. Spur’s solid performance was backed up by good showings from most of the group’s other brands.

  • Meanwhile, the group’s expansion into Africa and the Middle East is progressing well, with a forecast of 100 new stores being opened in the next four years.

Spur Corporation Group Investor Tip

  • Spur shares have historically performed well on the JSE, but Spur Corporation share price has stagnated on the back of subdued market conditions. Spur Corporation shares are still regarded as a solid buy. The group not only offers investors the opportunity to buy into some of South Africa’s largest sit-down restaurant chains, covering the most popular food formats and targeted at the country’s fast-growing middle class, but also gives access to a growing international portfolio of assets.

Spur Corporation Major Shareholders

Major shareholders include Allan Gray, Grand Parade Investments Ltd., Investec Ltd., Coronation Fund Managers, Fidelity and Spur Management Share Trust.

  • Sector

    Consumer Discretionary

  • Industry

    Gaming, Lodging & Restaurants

  • Sub industry

    Restaurants

How to buy Spur Corporation Group Shares

  • Spur Corporation : How to buy Spur Corporation Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Spur Corporation Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Spur Corporation Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Spur Corporation Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Spur Corporation Group.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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