Associated British Foods Share Discussion Threads

[philanderer] 29/4/2015 19:24

Very welcome Gateside :-)

'George Weston Food invests in developing “high protein” breads in New Zealand'

[gateside] 25/4/2015 08:42

Thanks for all the broker updates and news

[philanderer] 24/4/2015 23:13

Hold Associated British Foods PLC 'IC View' in 'Investors Chronicle'

[philanderer] 24/4/2015 09:57

24th april Numis reiterates 'hold' tp 2598p cut from 2781p

[philanderer] 23/4/2015 12:59

Shore Capital reiterated its “hold” rating on the food processing group, which owns Primark. The broker predicts that downward pressure on Primark’s margins will continue, but added: “Primark’s progress has never been, and should never be expected to be a smooth trajectory.”

[philanderer] 23/4/2015 08:48

€ = 71.2p struggling..


23rd april Liberum buy tp 3340p

reiterates

[philanderer] 22/4/2015 20:04

And another buying some today.


Telegraph market report...

Associated British Foods, the sugar-producing conglomerate the owns the Primark fashion chain, bounced 33p to £27.45, reversing some of Tuesday’s 151p loss when the company warned that the strong dollar and weak euro would hit profits this year. It helped that analysts at Investec stuck with their “buy” advice on Wednesday.

“Although undoubtedly a setback in the near term to our bullish stance on the stock, it does nothing to dissuade us from our belief in the longer-term structural growth story of Primark,” they said.

[philanderer] 22/4/2015 13:02

Good to see a non-exec director buying yesterday..

1,283 @ £27.33

[philanderer] 22/4/2015 11:52

Primark Starts Work on Extending Ipswich Store

[philanderer] 21/4/2015 22:35

Mail

Primark sees sales rise by 15% as it prepares for US expansion but owner AB Foods hit by weak sugar prices

Keith Bowman of Hargreaves Lansdown Stockbrokers commented: 'Mixed divisional performances and currency headwinds continue to impact.
'On the downside, lower sugar prices, not helped by previous European Commission initiatives, have again weighed, whilst like-for-like sales at Primark stayed level with last year, held back by unseasonably warm northern European weather and the impact that opening new stores in the Netherlands and Germany had on existing stores.

'On the upside, expanding store numbers at Primark continue to be pursued, with new openings in Germany, Belgium and the UK targeted in the second half, whilst the launch of Primark in the US during late 2015 provides further long term opportunity.

'Growth in operating profit for its Grocery, Agricultural and Ingredients businesses was reported, whilst some recent stabilisation in EU sugar prices has again been highlighted.

He added: 'In all, whilst some valuation concerns persist near term, expansion for Primark continues to head the positives longer term, whilst Sugar for the second half of the year is expected to benefit from further performance improvement initiatives and the non-recurrence of last year's cost of restructuring the EU sugar businesses.

'On balance, and despite the early share price reaction, analyst consensus opinion currently points towards a buy.'

Analysts at broker Liberium Capital said: 'Primark now operates 287 stores with 10.7million sqf of retail selling space and has a very strong pipeline of new stores in Europe extending over a number of years.

'The group remains on track for its US launch in late 2015 with leases signed for 8 stores and a warehouse in the NE of the US. The group expects FY selling space growth will be less than 1 million sqf'.

[philanderer] 21/4/2015 22:31

So a small bounce first thing , sold into, then back to test that 2670p ?


YTD :

ABF -14%
TATE +6%

[philanderer] 21/4/2015 22:22

Downbeat from Investors Chronicle tonight as well

"ABF treads water"

IC VIEW:

Primark is the engine of growth for ABF, bringing home more than half of group profits. We don't foresee an improvement in underlying sales and margin pressure will persist. That makes it increasingly hard to justify a forward PE ratio of 27.

Hold

Last IC view: Hold, 3,205p, 4 Dec 2014

[desperate dan] 21/4/2015 20:24

So much for Danny Fortson's Sunday Times tip!

[r ball] 21/4/2015 19:39

bad sector (food). margins far too high

[philanderer] 21/4/2015 19:34

Tesco has made a 'mistake' by delisting Kingsmill says ABF




Here are the remaining stores in Sears' Primark agreement

[philanderer] 21/4/2015 19:31

Telegraph tonight:

AB Foods

£27.12 -151p

Questor says SELL

[philanderer] 21/4/2015 17:22

Top of the FTSE100 fallers today..

Associated British Foods 2712.00p -5.27%
Weir Group 1822.00p -3.60%
Rio Tinto 2812.00p -2.16%
Anglo American 1017.00p -2.02%
BHP Billiton 1463.00p -1.25%

[philanderer] 21/4/2015 15:51

Damage done stateside this afternoon.


S&P Capital IQ cuts to 'strong sell' and 2300p target

[philanderer] 21/4/2015 15:46

Got to be said, a rubbish 2015 for the sp, down now almost 15% ytd and looks as though we`ll have to go to 2670p for any sort of support.... then 2470p if it all goes wrong, which by this afternoon`s performance looks likely.

[philanderer] 21/4/2015 10:00

21st april Liberum buy tp 3600p

reiterates


Davy:

Associated British Foods

Interims in-line; FX easing FY guidance

April 21 2015 Morning briefing

SECTORS: Foods

COMPANIES: Associated British Foods

DAVY VIEW

Results are in line with expectations, with each division except Sugar seeing a profits advance. While trading guidance remains unchanged for the full year, negative FX means ABF is guiding for a “modest” decline in adjusted EPS, compared to previous guidance for a “marginal” decline. Primark sentiment remains the dominant driver for the stock and in that regard growth plans remain on track to accelerate into 2016 with the US launch. The stock has withstood a profit collapse in Sugar over the last two years, but Primark growth should materialise in much stronger group growth in 2016/17.

[philanderer] 21/4/2015 09:36

Bernstein had it spot on yesterday..

Primark sales up 15% but like for likes flat

21 APRIL, 2015 | BY TARA HOUNSLEA

Primark has reported that like-for-like sales were level with last year for the 24 weeks ending February 28, after being hit by the unseasonably warm weather in Europe during the autumn and the impact of opening new stores in the Netherlands and Germany on existing stores in the region

[philanderer] 21/4/2015 08:51

Added a fair few @ 2719p - chart still looks dreadful :-)