Associated British Foods Share Discussion Threads

[jon827] 08/7/2010 07:57

Yes I agree Gateside. Im a bit worried about the brand sales in Asia tho and the fact they make a lot of reference to the falling pound, which has been rising strong lately :-0

[gateside] 08/7/2010 07:51

Impressive statement

Hopefully back through £10 today.

[jon827] 08/7/2010 07:18

Mixed report imo, good headline numbers and guidance but there are areas of concern, setting stop to B/E

[jon827] 07/7/2010 18:00

The owner of Primark is rising on the FTSE 100 today ahead of its third quarter trading statement.

The group which last published results on April 20th reported half-year profits £330 million compared with £178 million last year and shares are now rising approximately one percent ahead of its follow-up.

"The group's april half year results generally exceeded expectations." said Keith Bowman, equity analyst at Hargreaves Lansdown, "Management remain confident in achieving good earnings growth over full year."

"Market consensus currently denotes a strong hold." he added.

The group's sugar business Silver Spoon has benefited from consolidation since the EU's sugar subsidy shake-up in 2006 which saw it buy South African, Ilovo Sugar and Spanish rival Azucarera Ebro in deals worth £317m and £500m respectively.

RATE: The EU sugar business consolidation led by Associated British Foods has also led to Tate & Lyle refocusing their business and their EU sugar operations were recently sold to American Sugar Refining Inc on 1st July.

[jon827] 07/7/2010 16:34

In for a penny in for a pound!, lets see what tomorrow brings :-)

[jon827] 07/7/2010 16:13

Anyone holding on for the results tomorrow

[jon827] 06/7/2010 18:00

Elsewhere Associated British Foods added 23.5p to 970.5p ahead of a third quarter trading update on Thursday. Investec raised its target price for the company from £10.60 to £10.80, partly to reflect the value of ABF's growing retail business Primark. Analyst Martin Deboo estimated Primark's enterprise value could be more than £3bn or around 374p a share:

Buried within the occasionally dowdy businesses that comprise ABF, is what we now consider to be one of the most valuable retailers in the world on a pound-for-pound basis. We conclude that Primark is capable of growing its operating profits sustainably by 12-14% per annum on a five year view and that this merits a premium over its current embedded valuation.

[jon827] 06/7/2010 17:58

If 950 holds that will be a higher low up trend still in tacked if we breakout above 1000 imo

[jon827] 06/7/2010 08:09

Look at the daily RSI its on the floor nearly, someone must want a few before the results surely!

[jon827] 05/7/2010 08:38

Sod it, having a few @ 950 stop 855, anybody out there?

[jon827] 04/7/2010 21:26

Anyone else out there thinking of getting in?

[jon827] 04/7/2010 21:08

Could be the reason for John Bason statement above...


THE brutal reality of life for the Bangladeshi workers who make cheap clothes for Britain's high streets was exposed yesterday

Thousands of them took to the streets of the capital, Dhaka, yesterday to demand a rise in wages as low as £9 a month - only to be met by burly riot cops with batons

Factories there turned out £8billion worth of clothes last year - nearly 80 per cent of the country's total exports. Much of their output ended up in UK stores.

Ministers told the workers in April that their wages would be "substantially increased", but they have yet to see a penny.

[jon827] 03/7/2010 16:05

John Bason, the finance director of Associated British Foods – parent company of Primark – suggested the other day that the west may soon have to accept that the 20-year era of falling prices for clothing may be coming to an end. In the short term, Bason pointed to a weak pound, the VAT hike and rising transport costs. But in the longer term, Bason predicted that wages would rise in developing economies, as ordinary people start desiring the wherewithal to buy for themselves the items they presently make for export.

[jon827] 03/7/2010 16:02

Primark owner Associated British Foods is a Strong Hold

Staying in the retailer sector, owner of Primark stores, Associated British Foods Plc, is expected to report its third quarter trading update on Thursday.

"The group's April half year results generally exceeded expectations. Adjusted half year pre-tax profit improved by 20pc to £331m, with the group's varying businesses contributing. Same store sales at the discount clothing retailer increased by 8pc, while conditions for the group's sugar business improved substantially, aided by the completion of EU market changes" says Lundie.

"Management remained confident in achieving good earnings growth over the full year. Prior to the trading update, market consensus opinion currently denotes a strong hold."

[jon827] 02/7/2010 23:09

free stock charts from www.advfn.com

[jon827] 02/7/2010 08:37

well there goes 950

[jon827] 02/7/2010 07:20

Anyone any idea why the drop recently, was it just market jitters or did something happen at abf? looks like good support around 950

[brain smiley] 21/4/2010 09:40

ABF Merrill: reiterated underperform, tp raised to 1100 from 1000

£ABF Morgan Stanley: reiterated overweight, tp raised to 1100 from 1030

£ABF Jeffries: reiterated buy, tp raised to 1140 from 1075

ABF UBS: reiterated neutral, tp raised to 1030 from 975

[worrier] 22/2/2010 16:00

bb123 - 28 Jan'10 - 20:35 - 303 of 307


Hi Guys

Any views on this company? Lots of buyers but one big seller today.

Latest Trades
Time Price Volume Value Buy/Sell Type (key)
17:02 880.00p 248,176 £2,183,949 Sell NT

This comment was on IC today.

But a 5.3 per cent drop in own-label products manufactured by Premier for retailers dampened overall growth, and alongside higher input costs means full-year profits will be below market expectations.

The IC didn't call that one right either - and people pay for that publication!

[balustrade] 04/2/2010 20:42

Any idea's on a realistic Target for AB Foods?

[andyh21] 04/2/2010 13:47

This is such a resiliant stock and a fantastic company! Can comfortably see £9.50 in the next couple of weeks, funds need a safe good pair of hands for their money!

[lbo] 29/1/2010 16:12

Profits, sales slump at Brown Thomas