Associated British Foods Share Discussion Threads

[philanderer] 20/9/2021 10:29

RBC CUTS AB FOODS PRICE TARGET TO 2,500 (2,700) PENCE - 'OUTPERFORM'

[philanderer] 17/9/2021 10:43

'Dismal summer for retail as sales fall for fourth month in a row' Economists had expected sales to climb by 0.5% but instead they fell by 0.9%, partly blamed on a shift in spending to eating and drinking at restaurants and bars. HTTPS://news.sky.com/story/surprise-fall-in-retail-sales-as-stores-suffer-dismal-summer-12410141

[suetballs] 15/9/2021 08:38

Primark Cares - addressing esg issues over time. That might help. Suet

[philanderer] 14/9/2021 11:33

Primark protected from rainy days HTTPS://www.thetimes.co.uk/article/primark-protected-from-rainy-days-8p8sxbp98

[philanderer] 14/9/2021 10:56

BARCLAYS CUTS AB FOODS PRICE TARGET TO 2,700 (3,000) PENCE - 'OVERWEIGHT' GOLDMAN SACHS CUTS AB FOODS PRICE TARGET TO 2,500 (2,760) PENCE - 'NEUTRAL' JEFFERIES CUTS AB FOODS PRICE TARGET TO 2,700 (2,900) PENCE - 'BUY'

[philanderer] 14/9/2021 00:05

Primark sales hit by pingdemic: Chain to launch click and collect service as shoppers stay away from the High Street https://www.dailymail.co.uk/money/markets/article-9986515/Primark-sales-hit-pingdemic-Chain-launch-click-collect-service.html

[tlobs2] 13/9/2021 15:24

Ah old fart Porsche crawls out from under it's stone. Get back to your phantom trade shorting boasts. Yeah right LMAO. The only thing you're short of is brains.

[the lockkeeper] 13/9/2021 13:51

could not agree more! who was it that said "turnover is vanity,profit is sanity"?

[porsche1945] 13/9/2021 13:07

OMG you have tlobs on here, fresh from losing half his money on easyjet ( should have listened to me when Hester was appointed ) sell sell, this guy knows how to pick a winner, NOT…. but is a classic Primani customer I would imagine, taking his fat charity fxxk wife and web toed special needs kids to kit them all out for 11.50 before heading to Benidorm. What a muppet. ABF far too late to digital, will get taken out and broken up on directionless share price, same as pretty much the entire ftse 100 dog index of the world.

[essentialinvestor] 13/9/2021 12:54

Out at the open as did not like that Primark Q4 trading comment. Wonder if this is the beginning of Shein etc beginning to take some of their future growth potential?. Although they say Primark are holding market share there is considerably less High St completion following a raft of closures, so that money is clearly going somewhere else and perhaps most likely being spent online.

[philanderer] 13/9/2021 10:38

Could be interesting .. "..As we look ahead, digital has a critical role to play as part of Primark's marketing mix. We are progressing the initial design and development for the new digital platform and recruitment of new talent to create a new digital capability within the business is underway."

[philanderer] 13/9/2021 10:20

Supply chain issues, can't get the autumn/winter stock through the ports according to LBC.

[suetballs] 13/9/2021 09:19

Disappointing share price reaction to a profits beat. Hopefully someone will analyse these figures sensibly. Fast fashion seems to be on the back foot atm but abf is much more. Suet

[salpara111] 13/9/2021 08:14

Well, I was waiting for this update. On the whole decent, however as mentioned above the lower than expected sales at Primark will put a negative spin on things. SP down a bit at the open so I'll just watch for today before deciding on whether to take a stake.

[tlobs2] 13/9/2021 08:11

Give me the increased profits rather than turnover any day :-) The British conglomerate said Primark's adjusted operating profit for the year ending Sept. 18 is expected to be ahead of last year, and that operating margin for the fourth quarter was strong. The FTSE 100-listed company said adjusted earnings per share are anticipated to be marginally ahead of last year. Regarding its AB Sugar business, the company said that full-year revenue is expected to be 7% ahead of last year.

[suetballs] 13/9/2021 08:08

Sales at Primark lower than expected - despite all the good news that'll be the headline. Shame Suet

[tlobs2] 13/9/2021 08:01

Excellent news lads and lasses. Despite the doom and gloom good old Primarni is still going strong :-)

[essentialinvestor] 10/9/2021 17:20

Some support ahead of Monday.

[suetballs] 10/9/2021 08:28

Https://www.hl.co.uk/shares/share-research/share-tips/stockbroker-tips/credit-suisse-upgrades-boohoo,-says-governments-might-ban-shein-app Interesting - abf gets a mention. Suet

[essentialinvestor] 09/9/2021 09:14

Looking limper than a vicars handshake ATM. Might be different come next Monday, bought a small amount.

[run4muny] 08/9/2021 14:13

I’m looking at a possible purchase of ABF shares ahead of next Monday’s statement. I agree with the observations that the share price is strangely low. I took a drive into Nottingham today just to check out footfall at the big Primark store. I have to say I’ve never seen shoppers streaming into any store, anywhere, in anything like the numbers there were at this store, and the surprise to me was the age range went from teens to octogenarians. Primark must surely be minting it.

[suetballs] 08/9/2021 11:28

Apparently it's due to shortage of hgv drivers! What would we do if we couldn't worry? Suet

[suetballs] 08/9/2021 11:26

asos hit one year lows today - so it can't be online vs not. Suet

[suetballs] 08/9/2021 09:18

Hopefully the pre close trading update on 13th September will provide some much needed good news. I never thought I would see these share price levels - but if mks can turn the corner so can abf. Suet