Philip Short of Flagship Asset Management has been particularly bullish about the prospects for Blue Label, in large part because of the emerging turnaround at mobile operator Cell C, in which Blue holds a non-controlling - and soon to be controlling - stake.
Blue Label's share price has surged in recent months after Blue Label said it was working on a potential listing on the JSE for Cell C.
Two years ago, on 1 September 2023, Blue Label shares were trading at just R2.80/share. It took the company just over a year to double its market value, and each Blue Label share was trading at R5.58 by market close on 10 October 2024.