|Associated British Foods
||ORD 5 15/22P
||EPS - Basic
||Market Cap (m)
Associated British Foods Share Discussion Threads
Showing 1101 to 1123 of 1125 messages
|"UK harvest prospects 'modest', says EU, noting 'high' pest pressures"
........comments chime with those from other commentators, such as Frontier, the grain trading joint venture between Cargill and Associated British Foods, which said that "the crop harvested to date has been variable but the general picture is of low specific weights, high screening levels and modest yields".
|Added a few more this morning|
|Associated British Foods :
^^ UBS cuts target price to 3000p - 'neutral' retained
25th july Credit Suisse outperform tp 3550p
|Twinings Tea @TwiningsTeaUK 1 hour ago
We’re offering 20% off green tea when you use the code FRESH on our website here: HTTP://ow.ly/gl2a302qPVp . Enjoy!|
|Capital Group appear to rate ABF highly.
Where next for Primark....... a few dozen Primarni outlets in China? :-)|
|20 July 2016
UK Commercial Property Trust will develop a new 50,000 sq ft Primark anchor store as part of the refurbishment of its Charles Darwin Shopping Centre in Shrewsbury.
|Primark opens two new US stores
|Lemon Quay Primark to open in October 2016
|Capital Group have gone over 10%|
|Beats me :-S
Nice purchase by a non-exec director today anyway :-)|
|The broker upgrades are all over the place for ABFThe trading update was positive. How on earth do Goldmans rate it a sell?|
|12th july Goldmans sell tp 2475p
11th july RBC sector perform tp 2700p|
Primark-owner Associated British Foods (ABF) has seen its shares recover most of the ground lost since the EU referendum result. Management said its clothing retailer operates discrete supply chains for its stores in the UK, US and eurozone, meaning it undertakes “relatively little cross border trading” between the UK and the EU. Sterling’s drop should have an adverse transactional impact on profit margins on Primark’s UK sales, which amount to half of turnover.
But British sugar’s margins would see a favourable transactional effect, and there would be a translational benefit on group profits earned outside the UK, which last year made up half the total.
It added with group revenue for the 40 weeks to 18 June up 3 per cent at constant currencies, and a better-than-expected third quarter performance, it no longer expected a decline in adjusted EPS for the full year. Sell.
|Fingers crossed G :-)
'FTSE bounces back, AB Foods heads for best day in 16 years'
|Thanks for the broker updates. Let's hope this is back over 3000p soon.|
|Never fails this one :-)|
|A very positive trading update. Well done lads and lasses.|
|Solid looking trading update this morning|
|6th july Jefferies hold tp 2600p|
Thursday July 7
Primark owner Associated British Foods’ trading update is expected to show that the group’s long-term fundamentals are still robust despite short-term headwinds since June 23. Although brokers have already moved to cut the FTSE 100 company’s earnings per share targets this year to reflect worse consumer confidence, its retail and sugar businesses are still expected to yield mid-term profit growth. Primark sales accelerated in the second half of last year as a result of new store roll-outs.
Meanwhile, the recovery in sugar profits is anticipated to enjoy a bounce as a result of lower costs and the likelihood of rising EU prices as a result of low stocks. ABF opened its third Primark store in the US on June 10, which analysts said had “a positive reception”.
|HSBC retains buy , target cut from 3770p to 3300p|
|(ShareCast News) -
Berenberg upgraded Primark owner Associated British Foods to 'buy' from 'hold' but cut the price target to 2,760p from 3,450p.
The bank noted shares have dropped more than 30% in the last three months and 20% in the last month alone, providing an entry point.
It argued that initially, fears were around trading momentum in the UK which was -1% at the first half due to the poor performance of the high street generally and unseasonable weather.
Berenberg said the company's third-quarter update on 7 July is likely to confirm such fears and guidance may come under pressure.