Associated British Foods Share Discussion Threads

[philanderer] 21/1/2020 10:09

+++ RBC RAISES AB FOODS PRICE TARGET TO 2850 (2800) PENCE - 'OUTPERFORM' +++

[philanderer] 17/1/2020 13:36

Associated British Foods reports rare Christmas cheer Primark has helped Associated British Foods (ABF) defy the fate of other UK high street retailers but Hargreaves Lansdown has warned that the winning streak may not last forever. ABF reported a 4% year-on-year rise in first quarter group revenue, thanks to growing sales at Primark and in its sugar business. Analyst Sophie Lund-Yates said Primark was ‘proof not every retailer struggled this Christmas’. ‘What’s most striking about Primark is it’s essentially an old school retailer. Lack of a meaningful online business makes the chain a high-street play, so the improvement to sales performance is even more impressive,’ she said. Despite the continuing demand for Primark’s wares, Lund-Yates warned that ‘at some point it will start to bump against the sides of the tank’. HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-pearson-n-brown-and-associated-british-foods/a1313821?section=funds-insider&_ga=2.243624204.840937395.1579268053-525498199.1579268053#i=4

[stockstracker] 16/1/2020 21:02

Associated British Foods shouldn’t work, but it does https://t.co/ILp9E4F8mN

[stockstracker] 16/1/2020 17:08

IN kicking off its new year, Associated British Foods (LSE:#ABF) has shown that the business continues to thrive, with its retail arm again grabbing the headlines. https://t.co/ILp9E4F8mN

[sammu] 16/1/2020 14:40

Apologies if discussed on a regular basis, but - Why doesn't the break this up, or spin off primark?

[philanderer] 16/1/2020 13:21

"Huge" day for Primark leaves rivals in shade Credit Suisse analyst Simon Irwin was upbeat. He said in a note to clients: “Given the weak Christmas reported by peers such as M&S and B&M this is quite a welcome surprise and is the first positive quarter since 2017.” He reckons the shares are a clear “buy” since ABF is “one of the few large cap stocks in our universe with solid growth prospects and upside to valuation”. Primark now has a 17% share of the clothes market, well ahead of the next biggest player, M&S. It plans to open another 18 stores this year, including the first shop in Slovakia, Primark’s 15th country. Sophie Lund-Yates, at Hargreaves Lansdown, said: “Primark is proof that not every retailer struggled this Christmas. “What’s most striking about Primark is it’s essentially an old school retailer. Lack of a meaningful online business makes the chain a high-street play, so the improvement to sales performance is even more impressive.” HTTPS://www.standard.co.uk/business/huge-day-for-primark-leaves-rivals-in-shade-a4335951.html

[philanderer] 16/1/2020 09:28

Making up for some of the hit on WTB this morning.

[stockstracker] 16/1/2020 07:53

ABF Primark sees Xmas sales dip but AB Foods enjoys sugar rush https://t.co/ILp9E4F8mN

[tlobs2] 16/1/2020 07:35

What an excellent trading update that is. Well done to all involved at ABF.

[philanderer] 15/1/2020 19:30

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

[mrmce2012] 13/1/2020 13:00

Hi Am I missing something? Assets net looked to be half of the market cap??

[philanderer] 13/1/2020 09:51

+++ CREDIT SUISSE RAISES AB FOODS PRICE TARGET TO 2800 (2650) PENCE - 'OUTPERFORM' +++

[gateside] 10/1/2020 14:56

Dividend paid today :-)

[tlobs2] 07/1/2020 17:04

I've been out all day. Nice to come back to another rise. Rising sugar prices in the pipeline for 2020 will be the icing on the cake ;-)

[gateside] 07/1/2020 11:17

Yes on the 16thGood start to the year

[philanderer] 07/1/2020 00:11

Trading update on the 16th ?

[tlobs2] 06/1/2020 16:18

Nice to see this continuing to rise given the actions of Trump.... I get the feeling that there must be something brewing in the background to help fuel this ;-)

[philanderer] 27/12/2019 13:09

:-O 'Human bone found in Primark socks not crime-related, police say' HTTPS://www.theguardian.com/uk-news/2019/dec/27/human-bone-found-in-primark-socks-colchester

[gateside] 11/12/2019 16:55

Ex div in the morning

[philanderer] 09/12/2019 18:07

'Rainy November adds to high street gloom as shopper numbers fall' Drop of 4.3% compared with same month last year is twice the decline rate at retail parks HTTPS://www.theguardian.com/business/2019/dec/09/rainy-november-adds-to-high-street-gloom-as-shopper-numbers-fall

[skinny] 06/12/2019 07:01

Trading Statement. Associated British Foods plc is holding its Annual General Meeting today. At the meeting the Chairman, Michael McLintock, will say: "At this early stage in our new financial year, I would reiterate the outlook that we included in my statement in the annual report. This year, AB Sugar will benefit materially from the increase seen last year in EU sugar prices and from further cost reduction. We expect another year of strong profit and margin growth in Grocery, with Twinings Ovaltine in particular benefiting from a more efficient tea supply chain. Primark will continue to expand its selling space this year, with the most stores being added in France and Spain. Since the year end we have opened three new stores, bringing our total estate to 376 stores trading from 15.8 million sq ft. Looking further ahead, Primark has a strong pipeline of good quality sites. We expect margin for the full year to be only a small reduction on that achieved last year, on a lease-adjusted basis, with the effect of a weaker sterling on purchases being largely offset by cost reductions in both the cost of goods and overheads. Our businesses have completed all practical preparations for Brexit and contingency plans are in place should our businesses experience some disruption at the time of exit. Taking these factors into account, we still expect progress, on both a reported and an IFRS 16 adjusted basis, in adjusted earnings per share for the group for this financial year."

[tlobs2] 27/11/2019 19:53

I don't lose any sleep on my investment in ABF even though it's currently over 25% of my SIPP ...... which is against my normal rules ;-)

[skinny] 27/11/2019 11:43

That did it!

[skinny] 27/11/2019 11:03

Barclays Capital Overweight 2597.00 3200.00 Reiterates 12+ month high @2597p free stock charts from uk.advfn.com