Associated British Foods Share Discussion Threads

[blackhorse23] 23/4/2024 13:11

Bought GNC [LSE] today , dividend announcement next month

[skinny] 23/4/2024 08:38

If Carlsberg did Interim Results......

Not much, not to like.

[tlobs2] 23/4/2024 08:12

You can't ask for a much better update than that. Well done :-)

[philanderer] 20/4/2024 10:07

Primark owner Associated British Foods releases interim results on Tuesday (23 April) having already predicted a year of ‘meaningful progress in both profitability and cash generation’ notes broker ShoreCap.

Since then, there have been quite mellow non-food sales {Primark] reported across the UK, with the wet weather having an adverse impact.

“Grocery is more settled with easing inflation, rising promotions and improving volumes,” adds the broker.

ShoreCap added it raised its 2024 forecasts in January and is looking for clean pretax profits of £1,787m and EPS of 174.5p against consensus of 180.6p.

“With a very strong balance sheet providing significant optionality, we find the current equity ratings undemanding,” the broker, which has a ‘buy’ rating on the shares.

proactiveinvestors.co.uk

[skinny] 15/4/2024 10:04

FWIW :- RBC raises AB Foods price target to 2,700 (2,650) pence - 'outperform'

[philanderer] 09/4/2024 00:26

tl, it's getting interesting :-)



UK retailers given hope of ‘green shoots of recovery’ after Easter pickup

[tlobs2] 02/4/2024 08:57

I tell you Phil, Shein will have an eye on buying Primarni for mega bucks !

[philanderer] 02/4/2024 00:40

Fast fashion retailer Shein doubles profits as it awaits IPO approval

[tlobs2] 27/3/2024 08:03

And again today. Long may it continue :-)

[suetballs] 26/3/2024 17:11

Nice rise today - getting back to £30?
Suet

[philanderer] 18/3/2024 14:00

Primark adding stickers to bags to stop shoplifters from walking out of stores with stolen goods

A Primark spokesperson said the firm would not be disclosing which branches have made the change.

[philanderer] 12/3/2024 00:58

Primark to raise UK store workers' pay by 9.1%

[philanderer] 05/3/2024 00:27

Retailers suffer in wettest February on record

[suetballs] 04/3/2024 08:02

Well they certainly will have the firepower.
Suet

[tlobs2] 04/3/2024 07:25

So how long will it be before Shein put in a bid for the entire Primark operation from ABF?

[philanderer] 27/2/2024 10:45

(Sharecast News) - Fast fashion retailer Shein was said to be looking at switching its proposed $90.0bn initial public offering from New York to London as a result of regulatory hurdles to the listing in the US.

According to Bloomberg, citing people familiar with the matter, Shein, founded in China but headquartered in Singapore since 2022 for regulatory reasons, was in the early stages of exploring its options in London as it deems it unlikely that the Securities and Exchange Commission will approve its US IPO.

[philanderer] 17/2/2024 00:26

London Ev Standard

Retail sales grow at fastest pace since 2021 in sign that ‘economy soon moving out of recession’

[philanderer] 14/2/2024 17:38

ABF has become my largest portfolio holding by value tonight. WTB down to number two, VSVS three :-)

[tlobs2] 12/2/2024 09:07

Looks like mastey hasn't spooked the markets too much this morning ;-)

[mastey] 09/2/2024 22:30

Going to sell on Monday my ABF position, along with Unilever and a couple more , UK listed equities that have global interests.

Just totally fed up of the ridiculous valuations UK GLOBAL LARGE CAP listed cos are obtaining.

The proceeds will be invested into fixed income but also a small cap fund that has holdings that I expect will be purchased at huge premiums, because of the crazy Uk valuations, poor liquidity and of international focused UK asset managers .

[tlobs2] 08/2/2024 12:13

Primark is to invest more than £100 million in its British shops this year, as it marks 50 years on the high street there. This includes more than £75 million of new investment in UK retail in 2024, building on plans it announced back in November 2022, according to a statement from the group.

Happy days :-)

[hedgehog 100] 06/2/2024 16:11

NWT's other subsidiary to Safetell, Grosvenor Technology (branded as GT Clocks in America), is reported to be assisting Primark's American expansion:-

deepvalue2015 20 Dec '23 - 09:37 0 0 0
"the biggest near term growth driver will come from the rollout of Primark stores in the US? 8 new stores this year and 60 by 2026, GT clocks etc should be added at each of these shops. ..."


Grosvenor Technology's 'USA website':-
"Your people. Their data. We help you manage both."

[hedgehog 100] 06/2/2024 15:42

From the website of Safetell, a subsidiary of AIM-listed Newmark Security (NWT):-

"Retail Crime in the UK – and How To Address It

01 February, 2024

Shop theft has reached record highs in the retail sector, with nearly half of retailers claiming that theft has increased dramatically in the past year. According to reports, organised crime syndicates target retailers, shoplifting or stealing high-value goods to resell elsewhere. This harrowing trend puts staff and customers at risk. ..."

[mastey] 02/2/2024 16:49

Agree the update was fine.Nice cheap buybacks