Associated British Foods Share Discussion Threads

[philanderer] 08/11/2016 10:51

Mike van Dulken, head of research at Accendo Markets, said:

Markets [have reacted] very positively to better than expected full year growth (sales, profits, selling space), helping shares extend an October bounce to levels last seen in late September. A global bond rally reducing financing costs coupled with lower tax and helpful foreign exchange moves are helping sugar margins (already up on better global sugar prices), bringing focus back to the ‘ingredients/agriculture’ segment to prove that the ABF story can still be something other than discount fashion and Primark.

The latter’s margins are still likely to suffer as a result of a weak pound/dollar rate, but markets are clearly glad that the overall negative effects to date (and forecast) are no more than the company had previously guided to.

[philanderer] 08/11/2016 10:20

8th nov Barclays equal weight tp 3050p

retains

[philanderer] 08/11/2016 09:16

That`s the ABF we know ;-)


edit:

Robert Waldschmidt, consumer sector analyst for Liberum Capital, in a note this morning, said: “Despite short-term concerns, ABF’s long-term fundamentals appear robust and we retain our conviction that Primark and Sugar will power mid-term profit growth.

“ABF offers investors compelling exposure to secular growth trends in retail over the next 10yrs.”

Liberum rates ABF as a ‘buy’, and its £35 per share price target suggests nearly 40% upside to the current share price of £26.11.

proactiveinvestors.co.uk

[invisage] 08/11/2016 08:54

Hopefully back to £30 plus here

[tlobs2] 08/11/2016 08:15

BOOM!

Well worth the wait :-)

[philanderer] 07/11/2016 13:20

Makes you think :-O


Only 10 companies control almost every large food and beverage brand in the world. These companies — Nestlé, PepsiCo, Coca-Cola, Unilever, Danone, General Mills, Kellogg's, Mars, Associated British Foods, and Mondelez — each employ thousands and make billions of dollars in revenue every year.

[philanderer] 06/11/2016 09:58

Primark owner to boost profits despite struggling in older stores


struggling-in-older-store/?utm_source=dlvr.it&utm_medium=twitter

[philanderer] 04/11/2016 17:09

-38p for the week.

Political uncertainty everywhere causing havoc.

[hjs] 03/11/2016 11:04

Sterling has shot up after Brexit challenge succeeds in the courts and ABF and NXT has shot up!

[hjs] 03/11/2016 09:50

Bank of England statement today should push £ e/rate higher and in return ABF share price should move higher... long for today

[gateside] 02/11/2016 18:34

Seems to have good support around 2460p

[philanderer] 02/11/2016 09:11

NXT numbers not too bad .

[philanderer] 01/11/2016 18:31

Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating restated by stock analysts at Liberum Capital in a research report issued to clients and investors on Tuesday. They currently have a 3500p price target on the stock

[philanderer] 01/11/2016 13:24

Reading shoppers get first look of new Primark store as it officially opens its doors

[philanderer] 31/10/2016 14:45

As sterling remains under pressure on Monday UK retailers were among the notable fallers in the FTSE 100 with Next Plc (LON:NXT) down the most, losing just shy of 3% to £48.30 per share.

Marks & Spencer Plc (LON:MKS) and Primark owner Associated British Foods Plc (LON:ABF) both dropped around 2%, to 338.6p and £24.57 respectively.

Debenhams Plc (LON:DEB) was down 2% at 53.9p, meanwhile Dixons Carphone Plc (LON:DC.) and JD Sports Fashion Plc (LON:JD.) each lost around 1.5%.

proactiveinvestors.co.uk

[philanderer] 28/10/2016 09:53

And looking like that 2016 low of 2350p on the spike down in july will be tested very shortly.

[philanderer] 25/10/2016 16:19

Right out of favour and bang on Jefferies target.

[philanderer] 21/10/2016 13:14

Associated British Foods plc (LON:ABF) was upgraded by investment analysts at Jefferies Group to a “hold” rating in a research note issued to investors on Friday. The brokerage currently has a GBX 2,450 price target on the stock, up from their previous price target of GBX 2,300 .

[tlobs2] 20/10/2016 17:57

I'd take 2900p in the short term and ideally before Christmas :-)

[tlobs2] 11/10/2016 19:05

I sold quite a lot of these a few weeks back and thankfully have now bought them all back and more today :-)

[philanderer] 10/10/2016 12:47

And I have :-)


Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reissued by Liberum Capital in a report released on Monday. They presently have a 3500p price target on the stock.

[philanderer] 07/10/2016 21:38

7th oct Barclays equal weeight tp 3050p

reiterates

[philanderer] 06/10/2016 13:16

And it's open! Crowds flock for Primark opening




In a hefty note on the retail sector Numis said there had been a bounceback from the immediate weakness post-Brexit vote, with consumer confidence recovering and trading - apart from weather related problems - holding up. But 2017 could be a little more difficult, the broker said:

Looking ahead, 2017 is set to be a challenging, but not disastrous, year for the General Retailers. We expect the early effects of Brexit to weigh on employment growth, and drive some inflationary pressure on household costs, such that we expect retail sales growth of flat to +1%.