Associated British Foods Share Discussion Threads

[philanderer] 08/1/2016 14:19

Most retail knocked back at 11am from the read across of that SPD profit warning.

[philanderer] 08/1/2016 13:51

Video: Birmingham's flagship Primark store wins planning permission

[philanderer] 08/1/2016 13:49

8th jan Bernstein market perform tp 3200p

reiterates

[philanderer] 06/1/2016 12:14

Exactly , dump everything I reckon , 85% cash ;-)

Worst start for the FTSE100 in 16 years and looking awful


'Primark confirms it will open in Llanelli's Parc Trostre this year'

Read more:

[philanderer] 05/1/2016 09:44

5th jan Liberum buy tp 3750p

reitertates

[suetballs] 23/12/2015 17:38

So RBC have got it wrong - thought so.
Suet

[gateside] 22/12/2015 21:03

If you sell a pair of Jeans for £5, if you have to add in p&p they no longer become cheap, so Primark selling online would not really work due to the cheapness of their goods

[philanderer] 22/12/2015 20:03

sb, I think this from feb 2014 sums it up....


Finance chief John Bason says cyber shopping 'doesn't work at the lower price point' due to the staffing costs involved in delivery and returns

He said: “Look at a £2 T-shirt. Everyone think it’s clickety-click but one third of clothes get returned.

“That means someone has to pick it up, someone has to deliver it, someone in the store has to take it back, refold it. It doesn’t work at the lower price point.”





and even longer ago...

Bason said the trial with Asos, the fast-growing fashion site, had provided some insight into online retailing and had been a success in terms of sales but "The best way to get profitable growth is on the high street."

[suetballs] 22/12/2015 07:36

Why doesn't Primark go online? Next extremely successful?
Is it cost of entry?
Suet

[philanderer] 21/12/2015 17:22

Nearly top of the ftse100 dogs today...


Coca-Cola HBC 1457.50 -2.83%
Associated British Foods 3249.00 -2.34%
Smith & Nephew 1147.00 -2.13%
Ashtead Group 1095.50 -1.31%
Royal Dutch Shell 1449.00 -0.99%
Royal Dutch Shell 1455.25 -0.94%
Rolls-Royce Group 571.50 -0.87%
Sports Direct International 565.25 -0.83%
Admiral Group 1641.50 -0.82%
Inmarsat 1100.00 -0.72%

[philanderer] 21/12/2015 09:21

And that`s a downgrade from RBC this morning.

Sector perform to Underperform, target cut from 3500p to 3000p

It said the valuation is relatively full given a lack of earnings per share momentum and as it expects Primark's LFL growth to remain moderate.

"ABF has a strong management team but it faces cost and currency headwinds and we think Primark's longer term profit pool may be constrained by a lack of online exposure."

Sharecast

[philanderer] 16/12/2015 16:38

Primark rolls out latest Edinburgh store at Fort Kinnaird this morning

[philanderer] 14/12/2015 17:22

Eight down days in a row for the FTSE100 and FTSE 250 ... everything`s getting twonked.

My portfolio is now down 1.1% for 2015 !!

[zyzzyva] 13/12/2015 17:04

imo the market doesnt seem very overpriced until you come across stocks like these on 35x and a 1% yield

[philanderer] 11/12/2015 12:24

FTSE100 -8.5% for 2015

Should have dumped everything on december 31st 2014 and bought Smith & Wesson shares ;-)

[philanderer] 11/12/2015 09:18

Primark uses Renishaw Hall for Christmas fashion shoot

Read more:

[philanderer] 09/12/2015 17:05

xd tomorrow morning for 25p

[philanderer] 07/12/2015 13:05

Not having much effect...

Associated British Foods plc with EPIC/TICKER LON:ABF has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘NEUTRAL’; this morning by analysts at Nomura. Associated British Foods plc are listed in the Consumer Goods sector within UK Main Market. Nomura have set their target price at 3215 GBX on its stock.

[philanderer] 04/12/2015 20:45

Associated British Foods plc (ASBFY) Upgraded by Zacks Investment Research to “Hold”

[philanderer] 04/12/2015 13:38

LONDON (Alliance News) - Associated British Foods PLC on Friday affirmed its guidance for its 2016 financial year, expecting adjusted operating profit to decline modestly due to ongoing currency concerns.

The FTSE 100-listed group, which owns discount fashion retailer Primark, as well as British Sugar, along with agriculture and consumer goods businesses, said the good underlying trading for its business seen in its last financial year, to September 12, has continued and its current financial year has started well.

Charles Sinclair, AB Foods' chairman, said in a statement to the company's annual general meeting that it will continue investing in the expansion of its business and expects more stability in its sugar division profit ahead of the EU quota removal in 2017.

Sinclair added exchange rates have shown little change since the turn of its financial year and its view on the likely translational impact for Primark and its European sugar business is unchanged.

"We therefore continue to expect currency pressures to lead to a modest decline in adjusted operating profit and adjusted earnings for the group for the full year," Sinclair said.

Shares in AB Foods were down 0.5% to 3,460.00 pence on Friday.

[philanderer] 03/12/2015 19:40

Crazy..

London Standard:


The City is cottoning onto the growing importance of online shopping to fashion retailers.

Analysts at Goldman Sachs predicted “tough times lie ahead for many” if the shift from in-store shopping to online buying continues apace.

If online sales for European clothes shops more than double to 40% as it forecasts, that will be bad news for Debenhams, which is among the least prepared for the change.

Goldman downgraded the retailer to Sell, which sparked a rush for the exit as shares of the department store group dropped 5.55p, or 6.5%, to 79.85p.

Primark parent Associated British Foods lost one of its many City disciples when Goldman replaced its Buy rating with a Sell, causing the shares to fall 38p, or 1%, to 3561p.

Both ABF and Debenhams are still tipped to rise by Goldman, which explained it Sell ratings were based on how well stocks would fare against its other tips.

[philanderer] 03/12/2015 13:50

ECB fails to deliver but at least the euro`s up ;-)

1 EUR = 0.721640 GBP

[philanderer] 03/12/2015 08:44

*UBS raises AB Foods price target to 3500p - retains neutral