|Associated British Foods
||ORD 5 15/22P
||EPS - Basic
||Market Cap (m)
Associated British Foods Share Discussion Threads
Showing 1176 to 1197 of 1200 messages
|Potential reaction on Associated British Foods (ABF) to analysts' view on shares of the company
|Numis upgrading to ADD. ...target 3000p|
|May not have dotted the i's and crossed the t's yet maybe ?
Credit Suisse ...outperform. Tp. 3550p
|So why isn't there any news from ABF about this?|
|Oh dear. :-(|
|RBC outperform. Tp. 3300p
|Associated British Foods: HSB reiterates overweight with a 3150p target.|
|16th sept JP Morgan overweight tp 3300p
16th sept Deutsche buy tp 3200p
|Associated British Foods : *GOLDMAN CUTS AB FOODS PRICE TARGET TO 2,750 (3,100) PENCE - 'NEUTRAL'|
|2760 - new support level I think.|
|Primark Needs U.S. Market to Help Rescue ABF Sales: Chart
|'Primark only taking on handful of BHS stores due to sales fall and pension crisis'
.......It added that Primark would not get a major lift from the demise of BHS, which closed the last of more than 160 stores in August, and planned to take on only a “small handful” of premises vacated by the defunct chain.
Primark has recently opened an outlet in BHS’s former Fosse Park store in Leicester and will open in Carlisle in October after the council bought back the lease. It is also moving into former BHS stores in Reading and Llandudno.
Bason said the new stores were part of ongoing expansion in the UK that formed part of 1.3 million sq ft of new space planned around the world in the year ahead. That included three more stores in the US, taking the total to eight, three more in Italy, where it currently has just one outlet, and three or four more in France, where it has eight stores.
He said Primark was “well placed” for the run-up to Christmas as it was determined to keep prices low despite a squeeze on profit margins caused by the pound’s fall since the EU referendum. He said the retailer was “committed to leading the value sector”.
|Another downgrade from Numis .. hold to add ... new tp 2942p
Easy job this , wait for report and adjust accordingly. Obviously got it wrong before ;-)
Numis said: "This update is largely favourable, echoing many remarks in that of 7 July. Fresh news is that full year 2015/16 will be a 53 week period and that agreement has been reached to divest the cane sugar business in southern China for an undisclosed price."
The broker expects full year 2016 pre-tax profit of £1.076bn, down from a previous estimate of £1.128bn, taking into account the 53rd week and factoring in the update on the sugar and Primark businesses. Pre-tax profit in 2015 was 1.024bn.
Primark margin pressure poleaxes ABF
An 11% slump in the shares in Associated British Foods (ABF) after its full-year trading statement wrong-footed Liberum Capital analyst Robert Waldschmidt.
Waldschmidt reiterated his ‘buy’ recommendation and £36 target price for the sugar group that owns discount retailer Primark, noting: ‘ABF’s full year 2016 pre-close trading statement highlights better-than-expected trading with translational benefits from weaker sterling. Adjusted earnings per share is now expected to come in marginally ahead of last year.’
‘Grocery and ingredients profits are ahead of a year ago. We expect the shares to hold on to recent gains,’ said Waldschmidt.
However, the shares plunged 356p to £28.02 as investors took fright at a warning that Primark margins would fall next year if the pound continued to be weak. Sterling weakness pushes up the price of imports which Primark said it would not pass on to customers.
|So it falls due to pension deficit.
It then pays more in and when the BoE increase rates it is overfunded, cuts contributions and the price rises.
Got to love the stock market.|
|Bought in this morning took advantage of the contrarian RSI (14) - looked oversold - but split positioning in the event it goes even lower - there's only been 2-3 opportunities to buy below 30% on RSI this year...|
|Fingers crossed TJ ;-)|
|Philanderer I am hoping that we both a correct and that this is well oversold. I saw this as my opportunity to invest here at what I think is a good price.|
|Added a few @ 2810p.
Well oversold I reckon.
'AB Food sells China sugar cane ops for $500 million - sources'
|Large over reaction, currently down 9%.
A company that will make pre tax of £800m, dividend is extreamly well covered, and its markets/business are growing.
Just a shame I cant get more cash into my ISA until next week :(|
|It`'s a bad day to be reporting. I think we`d be -4% down today anyway without the update.|
|To be fair in the overall picture the small hole in the pension pot is not a huge amount.
I think a great deal of the positive news in the trading update particularly about the growth of the Primark brand have been ignored.|