Associated British Foods Share Discussion Threads

[essentialinvestor] 21/10/2020 08:37

Added a few, that's my lot now.

[essentialinvestor] 20/10/2020 21:47

Agree with their view on BP and LLOY, possibly Tesco.

[spoole5] 20/10/2020 20:54

Depends on your view about the high street i suppose.

[essentialinvestor] 20/10/2020 19:20

Somehow BofA Global Reserch say ABF may be a value trap. I disagree on a medium term basis.

[spoole5] 20/10/2020 12:59

Primark will do very well in a recession and the foods business is very defensive.

[essentialinvestor] 20/10/2020 10:13

Added a small amount this morning. This is one of my 2021 ideas, still think ABF may be available under £17 again, but exact timing is difficult.

[spoole5] 20/10/2020 08:26

Highly unlikely non food shops will close in England

[essentialinvestor] 19/10/2020 19:26

I'm very much against shops being forced to close once again. That younger, healthy people who are at minimal risk can't shop on the High Street is bizarre. There's a difference though to what I think and what I think may happen.

[essentialinvestor] 19/10/2020 14:57

Well I'm about to experience Primark for the very first time tomorrow in Guildford. Never been inside a store.

[spoole5] 19/10/2020 10:30

Once the fear of stores being closed again subsides these will be over 20 quid again

[essentialinvestor] 19/10/2020 09:45

Would be surprised if ABF traded below £16 again, just fwiw.

[spoole5] 19/10/2020 08:33

Only 7 primark stores in wales

[essentialinvestor] 17/10/2020 21:18

spoole, if tonight's reports are accurate Wales will close all Non essential shops from October 23 from 2 weeks. You might need to revise your view of no shop closures.

[dolgyn] 15/10/2020 16:12

They scan number plates as you pass then if out of area get pulled over further along.

[spoole5] 15/10/2020 15:40

Not really practical! Can't stop every car!

[essentialinvestor] 15/10/2020 15:38

I was in Tesco Brooklands having a flu jab on Tuesday afternoon and it was like shopping in the middle of the night it was so empty. Usually packed. People around here altering their shopping habits again. My local Primark is Woking, might check out the Guildford store over the weekend as down that way.

[essentialinvestor] 15/10/2020 15:34

Welsh police will be conducting road checks apparently, but given numbers not sure how that works.

[spoole5] 15/10/2020 15:31

Are there roadblocks? There weren't during proper lockdown.

[essentialinvestor] 15/10/2020 15:20

Unless you want to go to Wales, travel between my area and over the Welsh border not allowed, I'm nowhere near Wales tbf.

[spoole5] 15/10/2020 15:16

Which realistically won't happen!

[essentialinvestor] 15/10/2020 14:56

I'm in tier 2 lockdown in Elmbridge, my partner who works in healthcare has a letter kept in the car that allows travel, if stopped by police, oh my.

[spoole5] 15/10/2020 14:48

Non food shops will not close, footfall will probably decrease but it won't be a lockdown like last time. The hospitality industry will take the brunt of it which is ridiculous because they are controlled environments. The government are putting that industry under a bus purely for political theatre. The virus is spreading through uncontrolled mixing which isn't controllable!

[essentialinvestor] 15/10/2020 12:13

I've been adding, but under £17 would not surprise me. My caution is short term, bullish on the longer term outlook.

[shieldbug] 15/10/2020 12:10

While I think it is probable that a number of stores might close I don't believe there is political will to maintain a lengthy lockdown. I am betting that Primark will do well as we come out of the pandemic with many people struggling financially. Getting out, going to a shop, getting some social interaction, buying something you can afford, instant gratification... online is overrated. Plus there is the food side of the business which should continue to do well. Added earlier today at 17.50 looking to add more if it drops below 17.00