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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Associated British Foods Plc | ABF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -9.00 | -0.33% | 2,722.00 | 08:33:59 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2,725.00 | 2,689.00 | 2,725.00 | 2,731.00 |
| Industry Sector |
|---|
| FOOD PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 07/11/2023 | Special | GBP | 0.127 | 14/12/2023 | 15/12/2023 | 12/01/2024 |
| 07/11/2023 | Final | GBP | 0.331 | 14/12/2023 | 15/12/2023 | 12/01/2024 |
| 25/04/2023 | Interim | GBP | 0.142 | 01/06/2023 | 02/06/2023 | 07/07/2023 |
| 08/11/2022 | Final | GBP | 0.299 | 15/12/2022 | 16/12/2022 | 13/01/2023 |
| 26/04/2022 | Interim | GBP | 0.138 | 09/06/2022 | 10/06/2022 | 08/07/2022 |
| 09/11/2021 | Final | GBP | 0.205 | 16/12/2021 | 17/12/2021 | 14/01/2022 |
| 09/11/2021 | Special | GBP | 0.138 | 16/12/2021 | 17/12/2021 | 14/01/2022 |
| 09/11/2021 | Special | GBP | 0.138 | 16/12/2021 | 17/12/2021 | 14/01/2022 |
| 20/04/2021 | Interim | GBP | 0.062 | 03/06/2021 | 04/06/2021 | 09/07/2021 |
| 24/04/2019 | Final | GBP | 0.343 | 12/12/2019 | 13/12/2019 | 10/01/2020 |
| Interim | GBP | 0.343 | 11/12/2019 | 13/12/2019 | 10/01/2020 | |
| 24/04/2019 | Interim | GBP | 0.1205 | 06/06/2019 | 07/06/2019 | 05/07/2019 |
| Interim | GBP | 0.1205 | 05/06/2019 | 07/06/2019 | 05/07/2019 |
| Top Posts |
|---|
Posted at 24/4/2024 00:59 by turvart I bought in today, just love the fundamentals and balance sheet, just wished I studied this ABF sooner!! |
Posted at 23/4/2024 22:31 by wad collector Oh go away you desperate ramper, nothing to do with ABF. |
Posted at 23/4/2024 13:11 by blackhorse23 Bought GNC [LSE] today , dividend announcement next month |
Posted at 04/3/2024 07:25 by tlobs2 So how long will it be before Shein put in a bid for the entire Primark operation from ABF? |
Posted at 14/2/2024 17:38 by philanderer ABF has become my largest portfolio holding by value tonight. WTB down to number two, VSVS three :-) |
Posted at 09/2/2024 22:30 by mastey Going to sell on Monday my ABF position, along with Unilever and a couple more , UK listed equities that have global interests.Just totally fed up of the ridiculous valuations UK GLOBAL LARGE CAP listed cos are obtaining. The proceeds will be invested into fixed income but also a small cap fund that has holdings that I expect will be purchased at huge premiums, because of the crazy Uk valuations, poor liquidity and of international focused UK asset managers . |
Posted at 01/2/2024 09:52 by mastey Any reason ABF being marked down these past few days?I guess the only upside will be when buybacks start again it will be a cheaper prices |
Posted at 25/1/2024 00:15 by philanderer Cheap ABF could beat 2024 expectations, says LiberumAssociated British Foods (ABF) is trading on an ‘inexpensive&# Analyst Anubhav Malhotra retained his ‘buy’ recommendation and target price of £28 on the Citywire Elite Companies AA-rated stock, which gained 0.8% to £22.86 on Tuesday. The group reported a ‘solid’ first-quarter 2024, with group sales up 5.4% year-on-year and Primark sales growth of 2.8% against a tough 11% comparative, while there was increased confidence in the delivery of more than 10% Primark adjusted operating margin in full-year 2024. ‘We continue to forecast that the group could beat market consensus expectations for full-year 2024 driven by stronger than expected profitability at both Primark and sugar,’ said Malhotra. ‘Earnings beat, significant and growing free cash generation, consistent cash returns to shareholders via buybacks and dividends, and an inexpensive valuation underpin our “buy” rating.’ citywire.com |
Posted at 22/11/2023 16:55 by philanderer Associated British Food price target upgrade underpinned by strong fundamentals, says investment bankLiberum, the investment bank, has upgraded its price target for Associated British Foods PLC (LSE:ABF) from £24 to £28 per share, maintaining a 'buy' recommendation reflecting its confidence in ABF's strong trading performance and its effective capital return strategy. Since upgrading to buy in June, Liberum said ABF has registered an 11% increase in earnings per share (EPS), with 8% coming from enhanced trading activities and 3% from strategic share buybacks. It notes that ABF's commitment to shareholder value is further evidenced by its announcement of an additional £500 million share buyback program and a special dividend of 12.7p per share, amounting to approximately £100 million. The bank also highlights that ABF's capital allocation framework is designed to facilitate cash returns to shareholders when leverage, including lease liabilities, is below one-times. ABF's current leverage ratios are well within this limit. Liberum points out that the positive trading outlook for ABF is supported by various factors, including margin tailwinds, capital release in Primark, strong growth in the Sugar segment, and lower inflation across the group. In the Sugar sector, Liberum forecasts a significantly brighter outlook for the fiscal year 2024, driven by high sugar prices, reduced energy costs, and a normal crop season, which are expected to boost profits at British Sugar and Azucarera. Additionally, Vivergo is projected to reach a break-even point after substantial losses in the past two years, as per Liberum's analysis. The £500 million buyback program and the special dividend, as Liberum observes, reflect management’s confidence in ABF's future free cash flow (FCF) generation. Liberum estimates that ABF has the capacity to sustain such levels of cash returns regularly. In the Retail division, Liberum forecasts a return to approximately a 12% earnings before interest and taxes (EBIT) margin from 8% in the fiscal year 2023, aided by price increases, favourable foreign exchange impacts, and reductions in input and freight costs. Liberum also anticipates benefits from operating leverage and automation in future years. Finally, the bank expects ABF to deliver a 5.9% free cash flow yield on its current market capitalisation in the fiscal year 2024, compared to 2.2% in the fiscal year 2023. The company's shares are currently trading at a price-to-earnings (PE) multiple of 12.8 times and an enterprise value to earnings before interest, taxes, depreciation, and amortisation (EV/EBITDA) multiple of 7.0 times for the fiscal year 2024. This valuation, according to Liberum, represents a circa 30% discount to the 10-year average multiples, indicating a significant upside potential for investors and justifying the increased price target and 'buy' stance. proactiveinvestors.c |
Posted at 07/6/2023 10:07 by philanderer ABF bolsters agri arm with ‘strategically important’ buyAssociated British Foods (ABF) has made a bolt-on acquisition in the UK agriculture space, with the division often hiding ‘under a bushel’, says Shore Capital. Analyst Clive Black reiterated his ‘buy’ recommendation on the owner of Primark, which is a Citywire Elite Companies plus-rated business. The group bought National Milk Records for £48m which Black said ‘will bolster ABF’s presence in the UK dairy scene, where AB Agri states it works with 2,000 farms’. ‘ABF’s agriculture business has also acquired in UK agri-consultancy and the equine market in recent times, so an interesting albeit modest application of capital to what we deem to be a strategically important industry,’ Black said. ‘We would welcome an increase in such capital allocation given this view, nothing agriculture is more often than not under a bushel in the ABF arena that is dominated by Primark.’ Citywire.com |
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