Associated British Foods Share Discussion Threads

[elmfield] 28/2/2011 12:32

hmm, What to do?
sell, add, hold, not sure!!

[jon827] 16/2/2011 20:28

is this the bottom?

[nofool] 14/2/2011 10:06

If the 200 cannot save the sp, what next?

[nellie1973] 14/9/2010 19:08

Tipped in press-BUY

[jon827] 24/8/2010 18:15

Associated British Foods stood out as a bright spot in a market weighed down by economic woes.

The Sunblest and Silver Spoon company's shares climbed 35p to £10.51, initially on speculation of a possible demerger of its successful retail business Primark. But traders soon dismissed the idea, saying ABF's management had always been firmly opposed to such a move. A more likely explanation for the share price rise was a positive note from analysts at Jefferies International, who recommended clients to buy the shares and set a £11.40 price target. ABF has been a weak performer in recent weeks on concerns that the rising cost of commodities and production could hit Primark's clothing margins, while poor wheat harvests might push the price of bread higher, but Jefferies said the shares offered excellent value

[jon827] 07/8/2010 14:46

Tuesday's small dip. Not only has the scale of the price surge-fueled by widespread crop failures in Russia-taken traders and analysts aback, it has also prompted a range of companies, including breadmakers and owners of pizza chains, to voice cost concerns.

[jon827] 28/7/2010 18:09

Mark Carr, Chief Executive of British Sugar Group, said:

"We are delighted with our agreement with PureCircle, the global leader in providing high purity stevia products. We look forward to working together to develop a range of products that can provide an attractive proposition for customers seeking lower calorie, natural sweetening solutions. This agreement complements British Sugar's core sugar business and enhances its product portfolio and growth opportunities."



Why was there no RNS here about this JV?

[jon827] 28/7/2010 17:09

Also Tuesday, PureCircle said it agreed to form a joint venture with Associated British Foods PLC's (ABF.LN) British Sugar Group unit to market a range of low calorie sweeteners worldwide.
Joint venture The Natural Sweetness Company will be owned equally by both parties and will develop and market a range of products to the food and drinks industry. The low calorie products will be a combination of sugar and PureCircle's sweeteners, which are derived from the stevia plant.

[jon827] 28/7/2010 17:03

Shares in sweetener maker PureCircle plunged 17.3 per cent to 230p yesterday after it warned full-year profitability will be below levels seen in 2009.

The group, which supplies sweeteners to soft drinks giants including Coca-Cola and Pepsi, said profit has been held back by the fact the group is running under capacity. Full-year 2010 profits have also been hit by rising costs. PureCircle said it expected sales for the year to 30 June to be little changed from the previous year.

In a separate statement the group said it has signed a preliminary deal for a joint venture with British Sugar, part of Associated British Foods. The joint venture will be called Natural Sweetness with sales and marketing in the venture owned equally by both parties




????

[arja] 28/7/2010 15:46

yes, trend on chart still seems to be intact but sometimes a sudden selloff can trigger more selling for a short while .

[jon827] 28/7/2010 13:08

Lol nice one; so just technicals then, no juicy inside info that we don't know about ;)

im holding out for 1030, 980 would be a gift! imo

[taximania] 28/7/2010 12:59

'it all looked a bit overcooked jon , i just closed half at 57.8 i didnt expect such a quick result and the priofit is hard to ignore .

[jon827] 28/7/2010 12:58

Agreed good call that; still think the trend is up though so personally im looking for a good buying opportunity.

[arja] 28/7/2010 12:25

that short was a great call as this stock has a beautiful chart !

[jon827] 27/7/2010 22:48

What's the thinking behind the short taximania do you think it looks over done?

[taximania] 27/7/2010 22:34

short at 1088.9

[jon827] 14/7/2010 18:12

Looks like no ones listening to Deutsche Bank then, another all time high

[jon827] 12/7/2010 21:49

Associated British Foods
Sell at 981p (this week 1007p) suggests Deutsche Bank. A recent third quarter trading update from this food ingredients and discount clothing retailer provided few surprises, comments the broker. Marginally weaker same store Primark sales were offset by improving profit margins, whilst the Agricultural business helped counter a management downgrade to Spanish sugar earnings. Nonetheless, given likely cost headwinds next year for Primark, margin pressure is building, with the valuation looking full in comparison to rivals such as Unilever and Diageo.

[nellie1973] 09/7/2010 23:51

RBS-HOLD Nomura-BUY
#Broker notes today

[jon827] 08/7/2010 08:02

bagged em, gap to fill now :-)

[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.