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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
|
|
|---|---|---|---|---|
| -10.00 | -0.50% | 2,002.00 | 16:35:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2,011.00 | 1,985.00 | 2,013.00 | 2,002.00 | 2,012.00 |
| Industry Sector |
|---|
| FOOD PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 05/11/2024 | Special | GBP | 0.27 | 12/12/2024 | 13/12/2024 | 10/01/2025 |
| 05/11/2024 | Final | GBP | 0.423 | 12/12/2024 | 13/12/2024 | 10/01/2025 |
| 23/04/2024 | Interim | GBP | 0.207 | 30/05/2024 | 31/05/2024 | 05/07/2024 |
| 07/11/2023 | Final | GBP | 0.331 | 14/12/2023 | 15/12/2023 | 12/01/2024 |
| 07/11/2023 | Special | GBP | 0.127 | 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 |
| Top Posts |
|---|
Posted at 13/1/2025 13:48 by essentialinvestor ABF now selling around the COVID plunge low earnings multiple - however the current multiple is based on a very strong recent FY.They may reduce FY guidance on the January update, otherwise this is now looking attractive. |
Posted at 10/1/2025 10:59 by suetballs EI l do remember but at these levels I think Abf is maybe good value.Two dividends received today have cheered me up a bit. But 2025 is going to be very challenging. Suet |
Posted at 10/1/2025 10:39 by essentialinvestor suet, I'm not sure how long your memory is..but ABF sold on a mid 30's X at one point.I warned about it (posts are on here) at the time as considered multiple mean reversion would kick in once Primark's incredible growth began to slow - it was Primark growth that predominantly drove the valuation of the wider business. |
Posted at 09/1/2025 10:24 by queen gibbs SuetNext over 5 years 39% + ABF over 5 years 26% down Some difference |
Posted at 09/1/2025 10:00 by suetballs Well judging by the current share price action the trading update on 23th January is going to be an absolute disaster.abf imo has never been an overly loved share and when bad news is about it seems to get unfairly hammered. I have held forever - perhaps I should move on. Suet |
Posted at 07/1/2025 09:38 by suetballs Great results at Next - up 2%No news from abf - down 2% Come on abf prove the markets have got it wrong. Suet |
Posted at 12/12/2024 14:08 by essentialinvestor Yup, 42/3 from memory.The big question (short term) is weather ABF warn on the next update - it could just be a marginal guidance cut, or all is fine..etc |
Posted at 06/9/2024 16:55 by philanderer Almost hit Deutsche's target alreadyPrimark owner ABF hit again as Deutsche cuts forecasts. Primark owner Associated British Foods PLC (LSE:ABF) faced a blow on Friday morning as Deutsche Bank wound down expectations after the firm's own warning on Thursday. ABF’s update had shown Primark sales down on a like-for-like basis over the first half of the year, while profits from its sugar business were lower than expected. “Investors were already cautious on the weak Primark [...] performance but this remains the main ongoing cause for investor uncertainty on the stock,” Deutsche said in a note. A ‘sell’ rating was reiterated as a result, with Deutsche also winding down pre-tax earnings forecasts for the coming three years. The bank’s share price target for ABF was cut too, from 2,190p to 2,130p. “We need to see more evidence of a recovery in Primark like-for-like, otherwise we believe they will need to invest more into the brand to deliver a sales uplift,” Deutsche added. proactiveinvestors.c |
Posted at 31/5/2024 09:45 by philanderer Today's fallResult of placing of ordinary shares in Associated British Foods PLC Howard Investments Limited ("Howard"), a wholly owned subsidiary of Wittington Investments Limited ("Wittington") has agreed to sell approximately 10.3 million ordinary shares (representing approximately 1.4% of the issued share capital) in Associated British Foods PLC ("ABF") to institutional investors by way of an accelerated bookbuild process (the "Placing") at a price of 2,550 pence per ordinary share, raising gross proceeds of approximately £262 million. Following completion of the Placing, the combined shareholding of Wittington and Howard in ABF is expected to be approximately 56.1%. Once the remainder of the £500 million share buyback programme announced by ABF with its last full year results in November 2023 (the "FY24 Buyback") has completed, the combined shareholding is expected to be broadly in line with its level prior to the commencement of the FY24 Buyback, which was 56.4%. Wittington has agreed that neither it nor Howard will sell any further shares in ABF for the remainder of ABF's current financial year ending 14th September 2024 without the consent of UBS AG, London Branch ("UBS"). Wittington is committed to maintaining a majority stake in ABF. UBS acted as Bookrunner in connection with the Placing. |
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 |
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