Associated British Foods Investors - ABF

Associated British Foods Investors - ABF

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Associated British Foods Plc ABF London Ordinary Share GB0006731235 ORD 5 15/22P
  Price Change Price Change % Stock Price Last Trade
-31.00 -1.26% 2,428.00 16:29:56
Open Price Low Price High Price Close Price Previous Close
2,459.00 2,426.00 2,467.00 2,428.00 2,459.00
more quote information »
Industry Sector
FOOD PRODUCERS

Top Investor Posts

DateSubject
05/1/2021
14:08
philanderer: Afternoon EI, Shore Cap likes ABF :-) Shore Capital: buy into any ABF weakness Covid-19 restrictions continue to disrupt Associated British Foods (ABF)’s Primark stores but Shore Capital says investors should take advantage of any weakness in the share price. Analyst Clive Black reiterated his ‘buy’ recommendation on the group, which bucked the wider market rise to fall 1.68%, or 38p, to £22.26 yesterday. Black said he was not engaging ‘in a moving feast of forecast adjustments’ and will instead wait for a formal update on the figures as, despite the disruption to Primark, the grocery operation is expected to be ‘a net beneficiary from Covid-19-related market conditions’. 4 of 6 key stats Dividend Yield 1.52% Market Capitalisation £18,026.42m No. Of shares out 791.67m Trading volume (90 days avg. 1.163634m Cash Per Share 97.72p Shore Capital: buy into any ABF weakness Covid-19 restrictions continue to disrupt Associated British Foods (ABF)’s Primark stores but Shore Capital says investors should take advantage of any weakness in the share price. Analyst Clive Black reiterated his ‘buy’ recommendation on the group, which bucked the wider market rise to fall 1.68%, or 38p, to £22.26 yesterday. Black said he was not engaging ‘in a moving feast of forecast adjustments’ and will instead wait for a formal update on the figures as, despite the disruption to Primark, the grocery operation is expected to be ‘a net beneficiary from Covid-19-related market conditions’. ‘Through no fault of its own, the New Year news remains a bit mellow for Primark, but we would take advantage of any markdown in the ABF share price as equity markets reopen, should that occur, to participate in a fundamentally high-quality stock, one where Primark in particular is set to be a winner,’ he said. HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-entain-bunzl-and-associated-british-foods/a1445526?section=funds-insider&_ga=2.269209588.400108881.1609855462-1481963480.1609855462#i=4
31/12/2020
14:52
fuji99: How on earth a logical and normal investor would react ! ? First, the CEO selling loads of shares is announced; then 10 minutes later, after market closes, a big gift from the company to close the year by adding salt to injury and putting every investor under stress as a New Year gift !: A profit warning. This is a total disgrace and the FCA must investigate these crooks asap.
02/7/2020
10:52
philanderer: Richard Hunter, head of markets at Interactive Investor, said: "The diversity of the AB Foods business model has taken some of the sting out of the effects of the pandemic. In particular, the grocery unit, previously responsible for 28% of operating profit, saw an increase in revenues in the third quarter of 9%, leading to a cumulative increase for the year of 3%. "Meanwhile, the sugar and ingredients businesses also posted progress, with a slight decline at the smaller agriculture unit. This has fed through to operating profits which were ahead of the company's own expectations for grocery, agriculture and ingredients, with a material profit improvement in sugar, driven by higher EU sugar prices." Alliance News
17/5/2020
11:10
back2basics1: ABF is a truly great company, it’s very diversified, well managed, and has an outstanding balance sheet with with huge potential ahead. IMO, it’s share price is an incredible bargain these days and hence represents an unmissable opportunity for any medium to long term investor.
09/5/2020
09:50
masurenguy: Interesting extract from a Proactive Investors article. "The government’s own tax income from economic activity looks set to plummet. Anyone with half an ounce of common sense in the Treasury will be looking around for new sources of potential revenues, and particularly ones that will be easy, and possibly even popular. That last factor isn’t one that generally applies to new taxation, but the narrative framework around legalising cannabis could quite easily run along those lines. Rather than a revenue-raising exercise, a blanket legalisation could be spun as a government looking to rationalise an aspect of the criminal justice system that clearly isn’t working, whilst also dispensing with an outdated image of itself as overbearing and disapproving of peoples’ desires to have a good time. The UK business community is to some degree already involved in the Cannabis business. British Sugar, a subsidiary of Associated British Foods (LON:ABF), has been growing cannabis under licence since 2016, after phasing out its tomato growing facilities in Norfolk....the UK isn’t particularly behind the curve, although the number of companies participating isn’t that large. Nevertheless, a full-blown legalisation of across the board use is likely to lead to significant further opportunities for businesses and the investors who back them." https://www.proactiveinvestors.co.uk/
15/1/2020
19:30
philanderer: Thursday preview: Investors will be keen to find out whether highstreet outlier Primark helped Associated British Foods PLC (LON:ABF) bucked the trend of weak Christmas trading for UK retailers. The company found success in recent years thanks to its somewhat odd combination of businesses that include not only Primark but also international sugar businesses and Twining’s tea. ABF, or more specifically Primark, has managed to defy conventional wisdom surrounding ‘the death of the high street’ by turning a profit despite the absence of an online operation, instead relying on large numbers of customers flocking to its enormous high street stores. Given that Primark contributed over half of its profits last year, investors will be hoping the firm has managed to continue moving against the grain over the crucial Christmas shopping period, particularly with high street footfall predicted to have been much lower than last year. There will also be interest in how Primark’s overseas expansion is progressing, with the firm due to open stores in France and Spain, while any comments on the US market will also be noted. proactveinvestors.co.uk
05/11/2019
09:39
philanderer: Market report: Elsewhere, Associated British Foods was sitting pretty at the top of the FTSE 100 after it reported a rise in adjusted full-year profits as its Primark and grocery businesses offset a sharp fall in sugar earnings. Adjusted pre-tax profit rose 2% to £1.4bn on a 2% increase in group revenue to £15.8bn. Richard Hunter, head of markets at Interactive Investor, said: "AB Foods is playing to its strengths, with its two largest units doing most of the heavy lifting. "Amid the positive potential, the missing part of the jigsaw of late has been a share price which has fallen 12% over the last six months and has drifted 7% over the last year, as compared to a 3.7% gain for the wider FTSE 100. Today’s share price reaction to these results undoes some of that damage and the general market view of the shares as a buy is also a reflection of the esteem in which the company is held." ADVFN Morning Euro Markets Bulletin
21/10/2019
23:49
philanderer: Berenberg note: Analysts at Berenberg reiterated their 'buy' recommendation for shares of Associated British Foods, telling clients that the combination of a valuation discount for the firm's fashion unit, Primark, and signs that the sugar price was "bottoming out" made for a good entry point into the shares. They also pointed out how the stock was - taking away the dip in the share price in December 2018 - changing hands at its lowest level since 2012. A comparison between peers' valuation multiples and those of ABF's smallest units revealed that Primark was trading at a 44.0% discount to Next - instead of the typical historical premium of 19.0%. That was "despite its superior business model (2x sales densities) and significant international growth opportunity." Furthermore, a poor back half of the year for Primark that had "spooked" investors, softness in Sterling and uncertainty around the sugar price had all weighed on the shares, the analysts said, but they went on to add that the current weakness was now more than priced in. Regarding Primark, the analysts believed that "this weakness is more than priced in, creating a buying opportunity" and went on to emphasise the company's "unique" business model and said that the international opportunity for the unit was "underappreciated". "We forecast international to drive a 5% revenue and 4% EBITDA CAGR for Primark over the next three years, compared with 3% and 0% respectively for Next," they said in a research note sent to clients. As an aside, given ABF's dominance of the UK sugar market and proposed changes to the UK import tariff regime, they believed that ABF would be a net beneficiary in the event of a hard Brexit. Analysts Michelle Wilson, Graham Renwick and Michael Benedict did however trim their target price for the shares from 2,800.0p to 2,700.0p. HTTPS://www.sharecast.com/news/broker-recommendations-/broker-tips-petropavlovsk-abf-man-group--7085376.html
05/7/2019
06:40
tlobs2: If that doesn't draw long term investors in nothing will !
25/2/2019
12:10
philanderer: “These results follow a similar pattern seen in previous updates with reduction in sugar revenues, steady growth at its other divisions and expectations for a 4% rise in sales at Primark over the first half. The focus on the group continues to be on the expansion of Primark into the US and though it is at an early stage investors will welcome promising early signs,” said Graham Spooner, an investment research analyst at retail investor-focused broker, The Share Centre. “The full-year outlook remains unchanged with adjusted operating profit in line with last year. We, therefore, continue to maintain our 'Hold' recommendation as the longer term growth prospects for Primark remain sound and there is increasing global demand for food, although the sugar business remains a concern,” he added. Liberum Capital Markets, meanwhile, reiterated its ‘buy’ recommendation and target price of 3,070p, saying it was a solid first half update from AB Foods, with full-year guidance reiterated. proactiveinvestors.co.uk
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