Associated British Foods Share Discussion Threads

[suetballs] 16/1/2025 10:30

Getting bashed again today.
Citi cuts to sell - tp £17.77.
Phil looks to have called it right.
Hey ho.
Suet

[philanderer] 13/1/2025 15:15

Sold out .

Luck to holders.

[essentialinvestor] 13/1/2025 13:48

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.

[essentialinvestor] 13/1/2025 12:48

Falling GBP is supportive, however we need to see how Primark UK sales are fairing.

[suetballs] 10/1/2025 10:59

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

[essentialinvestor] 10/1/2025 10:39

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.

[philanderer] 10/1/2025 01:06

Retail in the UK has been smashed by this government. Just too much increased costs to deal with.

[suetballs] 09/1/2025 11:52

Yes next is a "loved" share.
Perhaps it's the Weston ownership. Perhaps we should float Primark - in the US of course.
Suet

[queen gibbs] 09/1/2025 10:24

Suet
Next over 5 years 39% +
ABF over 5 years 26% down

Some difference

[suetballs] 09/1/2025 10:00

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

[suetballs] 07/1/2025 09:38

Great results at Next - up 2%
No news from abf - down 2%
Come on abf prove the markets have got it wrong.
Suet

[philanderer] 13/12/2024 00:12

Shein’s £50billion stock market listing has been held up after the Government’s anti-slavery commissioner and an Uyghur campaign group challenged the plan.

The fast fashion giant is preparing for a London float next year in a boost for the City amid an exodus of companies from the market.

But the move has whipped up controversy due to allegations about forced labour at its suppliers, prompting money managers to warn that London should not become a listing ‘place of last resort’.

And in the latest blow to the online retailer’s plans, the financial regulator has not yet approved the initial public offering.


Mail Business

[sell it high] 12/12/2024 14:12

42.3p final plus a 27p Special Dividend so 69.3p in total.

[essentialinvestor] 12/12/2024 14:08

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

[sell it high] 12/12/2024 13:01

Gone ex-dividend.

[philanderer] 05/12/2024 14:48

Frasers Group today lost 12% of its value after the retailer said weaker consumer confidence had dented its profit outlook.

London Ev Standard

[philanderer] 28/11/2024 14:22

Famous British tea firm Typhoo collapses into administration with more than 100 jobs at risk

[essentialinvestor] 28/11/2024 11:52

Depends on unit sizes available on retail parks and associated lease costs.

George Weston (ABF) and Simon Wolfson (Next) are 2 of the most talented British retailers of all time, every aspect of the business will be assessed on an ongoing basis.

[91andy] 27/11/2024 08:58

I don't understand why there aren't a lot more Primark stores on retail parks. I can picture all of the female members of my family filling up the car with clothes on a weekly basis. It's currently harder logistically and more costly having to go in to the city centre and bring all the clothes back.

[essentialinvestor] 20/11/2024 17:53

Shein is unhelpful, however far more of An input on BOO and ASOS.

Once Shein is listed, the business is subject to arguably more oversight and additional scrutiny.

The ABF price circa £21.50 is the price I was looking for, as previously mentioned, so added a few today.

Short term price impossible to call, longer term this should look attractive - barring a leftfield event.

[essentialinvestor] 18/11/2024 09:59

ABF sold on an earnings multiple over 30 X at one point, peaked around 34 X - that was more than.. it's full potential.

The big recent strategy change is buybacks, which have the potential to drive longer term returns, as per Next.

[suetballs] 17/11/2024 15:48

This share ticks most boxes for me but never seems to reach its full potential share price wise. Primark has had a lot of knockers over the years but still is a great brand.
I can wait patiently for £30.
Suet