Associated British Foods Share Discussion Threads

[philanderer] 19/4/2016 20:20

Away from commodities, shares in Primark owner Associated British Foods popped, up 2pc to £34.13, after its interim results beat market expectations. Half-year operating profit jumped 3pc to £486m. Sophie Hughes, of UBS, said the impact of foreign exchange moves was better than initially expected.

[philanderer] 19/4/2016 17:39

Just waiting now for Questor in the Telegraph to say 'sell' yet again ;-)

[philanderer] 19/4/2016 16:12

Primark owner sees no risk from Brexit

[philanderer] 19/4/2016 13:57

19th april Credit Suisse 'outperform' tp 3550p up from 3450p

[philanderer] 19/4/2016 13:39

In a buy note Liberum said|:

ABF offers investors compelling exposure to secular growth trends in retail. Primark’s brand of fast fashion at affordable prices coupled with a buzzy and trendy shopping experience resonates with a wide spread of consumers. ABF’s deliberate and considered expansion into Continental Europe demonstrates that the concept is portable.

We expect similar results in the US as the group dips its toe into the market with 8 stores in the Northeast. We estimate that Primark can double sales and profits over the next 5 years boosted by the occasional store parcel. The shakeout in EU sugar should lead to industry consolidation, lower beet prices and cost savings boosting Sugar profits mid-term.

[philanderer] 19/4/2016 09:33

First in ;-)

19th april Liberum buy tp 3800p

reiterates

[philanderer] 19/4/2016 09:16

FTimes

'Primark’s US debut and stronger sugar market lifts ABF'

[philanderer] 19/4/2016 08:47

Rock solid results :-)

[philanderer] 18/4/2016 11:32

18th april RBC underperform tp 3200p up from 3000p

[philanderer] 14/4/2016 23:16

Primark opens in Milan ... photos

[philanderer] 14/4/2016 16:32

Primark to open in Faro




14th april Credit Suisse outperform tp 3450p

reiterates

[philanderer] 13/4/2016 11:55

13th april HSBC buy tp 3760p

reiterates

[philanderer] 11/4/2016 20:36

11h april Liberum buy tp 3800p

reiterates


'Primark unveils its summer and swimwear collection packed with boho kaftans, bright bikinis and fringed sandals'

[philanderer] 08/4/2016 17:58

Primark's 25-year Carlisle city centre deal

[philanderer] 08/4/2016 09:28

'ABF benefits from sugar prices and US opportunities'


Associated British Foods (ABF) is benefitting from a rebound in sugar prices and opportunities for Primark in the US.

Jefferies analyst James Grzinic retained his ‘hold’ recommendation and target price of £30.10 on the shares, which rose 15p to £34.30 yesterday.

‘The drivers of Associated British Food’s expanding valuation premium are to be found in the recent rebound in sugar prices and the structural opportunity that the US adds to Primark,’ he said.

‘The H1 update will likely confirm the former but on balance valuation is starting to price in quite a lot on both fronts.’

Grizinc said the increase in sugar prices could be affected in the long term by European Union quotas and that ‘UK fiscal policies are increasingly being trained on discouraging an already inflecting sugar consumption’.

[philanderer] 08/4/2016 09:22

Primark-owner ABF to acquire £262m sugar stake

[philanderer] 04/4/2016 17:09

Primark HQ plans in West Street now include two shop units

[philanderer] 01/4/2016 09:22

Primark about to unveil plans to open a store in the former Multisave premises in Ashford's lower High Street




Date set for new £4.2m Primark in Grimsby

[philanderer] 30/3/2016 23:18

Blimey, I was in Cagnes 3 weeks ago , didn`t realise there was a Primark nearby :-)

[philanderer] 24/3/2016 08:33

Anything retail whacked this morning by those NXT numbers

[philanderer] 16/3/2016 17:01

Shoppers flock to new Primark store at Broughton

[philanderer] 16/3/2016 17:01

Didn`t last long ;-)

Companies that profit from Britain’s sweet tooth plunged as the U.K. unveiled a sugar tax, a surprise move that adds another burden to food and beverage companies grappling with marketing restrictions and a shift toward healthier fare.

Soft-drink makers Britvic Plc and A.G. Barr Plc both declined more than 5 percent in London, while ingredient suppliers Tate & Lyle Plc and Associated British Foods Plc fell as much as 4.9 percent and 1.5 percent, respectively. U.K. Chancellor George Osborne said the levy on the soft-drinks industry will be introduced in two years’ time, in two bands depending on how much sugar is in a drink.

Bloomberg

[philanderer] 16/3/2016 13:24

Huge crowds at grand opening of Primark at Fort Shopping Park