Associated British Foods Share Discussion Threads

[philanderer] 11/9/2015 09:32

At this rate the 3030p chart support is going to be tested this morning ..........if that goes 2870p is the next stop.

[philanderer] 11/9/2015 09:17

Not being well received so far today :-S

[suetballs] 10/9/2015 21:21

Thanks phil

It seems a reasonably acceptable start - however the current share price is factoring in good deal of success and Mr Market can be pretty unforgiving.

Suet

[philanderer] 10/9/2015 20:50

Tough market to crack , others have tried.. Fingers crossed ;-)

Primark makes understated US debut as Boston flagship opens

Shoppers may not have flocked to Irish retailer’s first US store as anticipated on opening day, but executives are hopeful brand’s appeal will grow in the US

[desperate dan] 10/9/2015 18:53

Outside of "fashion" the casualty list of UK to USA retailing is enormous.

I'm not sure the brand is strong enough to follow through. The successful USA supermarket principle of Primark may however just stand a chance!

Will be very interesting to watch the developments.

[suetballs] 10/9/2015 17:49

I wonder how the trading in Boston is going? If Primark can crack the USA then I will be a very happy bunny.
Suet

[philanderer] 10/9/2015 17:13

Irish Clothing Retailer Primark Opens 1st US Store in Boston

[philanderer] 10/9/2015 09:31

10th sept Nomura neutral tp 2815p

reiterartion

[philanderer] 09/9/2015 13:11

Investec raises target from 3500p to 3600p , retains 'buy'

[philanderer] 08/9/2015 20:59

Beaufort Securities:


Associated British Foods (LON:ABF) – Buy

Yesterday, Associated British Foods (ABF) issued a pre-close trading update for the year ended 12th September 2015. Underlying trading remains in line with the expectations, while declines are expected in the adjusted operating profit due to stronger Sterling. Consequently, the adjusted EPS for the year is expected to be slightly lower than last year.

The company’s sales at Primark are expected to be 13% higher than last year at constant currency led by an increase in selling space of 9% and better sales densities in stores opened this year. ABF expects its Grocery, Agriculture and Ingredients business line to perform better than the last year. However, the company’s Sugar business adjusted operating profit is expected to be significantly lower than the last year due to the decrease in the European sugar prices.

UK sugar production for the year stood at 1.45 million tonnes driven by very high beet yields and good factory performances. The net interest charges for the company would be lower due to reduction in average borrowings as compared to the previous year. On the operational front, the company has opened around 1 million sq ft of selling space to take the total to 293 stores and 11.2 million sq ft. ABF also opened new stores in the Netherlands, Belgium and Germany. The company made investments to increase the warehouse capacity in its existing warehouses. The final results are to be declared on 3rd November 2015.

Our view: Despite showing robust production and an improved quality, ABF’s Sugar unit continued with its weak trading performance due to lower prices that impacted the revenues and the margins. However, the strong performance from the other business units is likely to offset the negative impact of the unit. Primark, the company’s fast fashion chain, with more than 50% contribution to earnings, is expected to do well and plans are underway to launch the brand in the US on 10th September 2015.

Primark’s trading suggests that the business possesses the potential to provide a credible and growing revenue stream to the company in the coming years. Meanwhile, the low-cost fashion retailer is looking for further expansion in the US, Spain, France and Italy to fuel future growth. In addition, the higher disposable income of the consumers in the UK and improving global scenario would aid company’s expansion program.

ABF has been progressing well to expand its warehouse infrastructure and expects to increase the total capacity by two thirds by the end of next year. In view of the overall developments surrounding the company, we maintain a Buy rating on the stock.


proactiveinvestors.co.uk

[philanderer] 08/9/2015 13:39

Questor retaining it`s 'sell'


Questor share tip: Associated British Foods shares look expensive as Primark slows

The FTSE 100-listed conglomerate has become increasingly reliant on the discount clothing group for profits, says Questor

[philanderer] 07/9/2015 13:22

'Primark plays up its Irish origins on US debut in Boston'

[philanderer] 07/9/2015 12:25

Numis upgrades from 'reduce' tp 2598p to 'hold' and tp 2836p

[philanderer] 07/9/2015 10:24

Keith Bowman, at Hargreaves Lansdown, said: 'Currency headwinds from the Emerging Markets have strengthened, whilst divisional performances remain mixed.

'Lower sugar prices continue to weigh, while expected full year like-for-like sales growth for its Primark retail business is down year over year 1 per cent , hit by unseasonal spring and autumn weather.'

In brighter news, Primark managed to achieve high sales densities in stores opened within the last 18 months, particularly in France which has been its most succesful new market entry.

Primark will open its first store in the US, in Boston, this week and has opened a further six stores in Germany already this year.

Bowman added: 'On the upside, expanding store numbers at Primark continue to be pursued, with significant new space added in Germany, the Netherlands and Belgium, whilst the launch of Primark in the US provides further long term opportunity.

'Costs continue to be removed at the group's more difficult Sugar business, whilst ongoing cash generation will see a further reduction in group net debt.'
But like the Sugar division, Primark has also been hit by strong sterling.

[philanderer] 07/9/2015 09:17

7th sept Canaccord sell tp 2580p
7th sept Liberum buy tp 3340p

reiterations

[philanderer] 07/9/2015 08:49

Chartwise, if 3000p goes which seems likely , and this poor update has not been well received............ we`re looking at 2870p support hopefully

[philanderer] 07/9/2015 08:46

Panmure Gordon & Co ‏@HPanmureGordon 38 minutes ago

Jonathan Leinster reiterates SELL for Associated British Foods post Q4 pre-close statement

[philanderer] 04/9/2015 09:52

4th sept Citigroup buy tp 3300p


4th sept JP Morgan overweight tp 3400p


reiterations

[philanderer] 04/9/2015 09:42

Leading UK retailer Primark will open its first US store in Boston next week. The city will also house the store's US headquarters.

[philanderer] 03/9/2015 09:24

2nd sept Berenberg buy tp 3450p

reiterates

[philanderer] 02/9/2015 12:58

Associated British Foods plc (LON:ABF)‘s stock had its “neutral”; rating reaffirmed by Nomura in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 2,815 ($43.39) price objective on the stock.