Associated British Foods Share Discussion Threads

[philanderer] 06/10/2016 09:53

It`s sort of going right down the toilet recently.

[sh1984] 04/10/2016 14:17

This should be around the £33 mark considering latest RNS

[philanderer] 30/9/2016 19:26

Liberum. BUY. tp 3500p

Reiterates

[philanderer] 27/9/2016 17:39

Sharecast : In economic data, the Confederation of British Industry revealed British retail sales fell unexpectedly in September. The retail sales balance dropped to -8 in September from a six-month high of +9 in August, missing expectations for a reading of +5.

[arnu gutierrez] 23/9/2016 18:45

Potential reaction on Associated British Foods (ABF) to analysts' view on shares of the company

[philanderer] 23/9/2016 13:50

Numis upgrading to ADD. ...target 3000p

[philanderer] 22/9/2016 09:32

May not have dotted the i's and crossed the t's yet maybe ?


Credit Suisse ...outperform. Tp. 3550p

Reiterates

[gateside] 21/9/2016 18:09

So why isn't there any news from ABF about this?

[philanderer] 21/9/2016 16:17

Oh dear. :-(

[philanderer] 19/9/2016 21:42

RBC outperform. Tp. 3300p

Reiterates

[philanderer] 16/9/2016 13:58

Associated British Foods: HSB reiterates overweight with a 3150p target.

[philanderer] 16/9/2016 09:43

16th sept JP Morgan overweight tp 3300p
16th sept Deutsche buy tp 3200p

reiterations

[philanderer] 14/9/2016 08:59

Associated British Foods : *GOLDMAN CUTS AB FOODS PRICE TARGET TO 2,750 (3,100) PENCE - 'NEUTRAL'

[witheco] 13/9/2016 15:51

2760 - new support level I think.

[philanderer] 13/9/2016 13:14

Primark Needs U.S. Market to Help Rescue ABF Sales: Chart

[philanderer] 13/9/2016 11:20

'Primark only taking on handful of BHS stores due to sales fall and pension crisis'


.......It added that Primark would not get a major lift from the demise of BHS, which closed the last of more than 160 stores in August, and planned to take on only a “small handful” of premises vacated by the defunct chain.

Primark has recently opened an outlet in BHS’s former Fosse Park store in Leicester and will open in Carlisle in October after the council bought back the lease. It is also moving into former BHS stores in Reading and Llandudno.

Bason said the new stores were part of ongoing expansion in the UK that formed part of 1.3 million sq ft of new space planned around the world in the year ahead. That included three more stores in the US, taking the total to eight, three more in Italy, where it currently has just one outlet, and three or four more in France, where it has eight stores.

He said Primark was “well placed” for the run-up to Christmas as it was determined to keep prices low despite a squeeze on profit margins caused by the pound’s fall since the EU referendum. He said the retailer was “committed to leading the value sector”.

[philanderer] 13/9/2016 10:09

Another downgrade from Numis .. hold to add ... new tp 2942p

Easy job this , wait for report and adjust accordingly. Obviously got it wrong before ;-)


Numis said: "This update is largely favourable, echoing many remarks in that of 7 July. Fresh news is that full year 2015/16 will be a 53 week period and that agreement has been reached to divest the cane sugar business in southern China for an undisclosed price."

The broker expects full year 2016 pre-tax profit of £1.076bn, down from a previous estimate of £1.128bn, taking into account the 53rd week and factoring in the update on the sugar and Primark businesses. Pre-tax profit in 2015 was 1.024bn.

[philanderer] 13/9/2016 09:41

From Liberum..


Primark margin pressure poleaxes ABF

An 11% slump in the shares in Associated British Foods (ABF) after its full-year trading statement wrong-footed Liberum Capital analyst Robert Waldschmidt.

Waldschmidt reiterated his ‘buy’ recommendation and £36 target price for the sugar group that owns discount retailer Primark, noting: ‘ABF’s full year 2016 pre-close trading statement highlights better-than-expected trading with translational benefits from weaker sterling. Adjusted earnings per share is now expected to come in marginally ahead of last year.’

‘Grocery and ingredients profits are ahead of a year ago. We expect the shares to hold on to recent gains,’ said Waldschmidt.

However, the shares plunged 356p to £28.02 as investors took fright at a warning that Primark margins would fall next year if the pound continued to be weak. Sterling weakness pushes up the price of imports which Primark said it would not pass on to customers.

[bonio10000] 13/9/2016 09:19

So it falls due to pension deficit.

It then pays more in and when the BoE increase rates it is overfunded, cuts contributions and the price rises.

Got to love the stock market.

[witheco] 13/9/2016 08:31

Bought in this morning took advantage of the contrarian RSI (14) - looked oversold - but split positioning in the event it goes even lower - there's only been 2-3 opportunities to buy below 30% on RSI this year...

[philanderer] 12/9/2016 23:49

Fingers crossed TJ ;-)