Associated British Foods Share Chat (ABF)

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Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Associated British Foods	LSE:ABF	London	Ordinary Share	GB0006731235	ORD 5 15/22P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-16.00p	-0.67%	2,370.00p	2,369.00p	2,371.00p	2,379.00p	2,352.00p	2,379.00p	259,190	10:46:29

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Food Producers	15,574.0	1,279.0	127.5	18.6	18,762.68

Associated British Foods Share Discussion Threads

Showing 1976 to 2000 of 2000 messages

Chat Pages: 80 79 78 77 76 75 74 73 72 71 70 69 Older

Date	Subject	Author	Discuss
22/1/2019 10:17	22nd jan RBC outperform tp 2900p	philanderer	Read Full Thread Reply
19/1/2019 10:49	A very good week with an excellent trading statement. Onwards and upwards.	tlobs2	Read Full Thread Reply
18/1/2019 14:03	18 January 2019 \| 12:40pm StockMarketWire.com - Societe Generale today reaffirms its hold investment rating on Associated British Foods PLC [LON:ABF] and cut its price target to 2332p (from 2378p).	philanderer	Read Full Thread Reply
18/1/2019 13:36	'Primark won't easily surrender its position as the face of fast fashion with market share growing' Fast fashion's poster child has survived a bout of bad publicity courtesy of MPs on the Environmental Audit Committee to post a solid set of numbers. Campaigners will continue to focus their ire on it – even though there are worse offenders out there HTTPS://www.independent.co.uk/news/business/comment/primark-sales-fast-fashion-high-street-retail-parliamentary-environmental-audit-committee-christmas-a8732256.html	philanderer	Read Full Thread Reply
18/1/2019 11:43	Associated British Foods fears overdone, says Jefferies Signs point to investor fears of a rebasing of earnings at Associated British Foods (ABF), warns Jefferies. Analyst James Grzinic retained his ‘buy’ recommendation and target price of £28 on the shares, which jumped 7% to £23.30 yesterday. ‘A price/earnings at the low end of history, trough 2018/19 sugar earnings, and peak net cash balances suggest investors are fearing an earnings rebasing to come at ABF,’ he said. But he argued yesterday’s update showed those fears were ‘overdone’ and ‘encouragingly, Primark continues to add ample market share in the UK, and to trade strongly in markets which represent the core of its growth opportunity over the next five years’ HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-whitbread-gvc-and-experian/a1192281?section=funds-insider&_ga=2.210367573.119934499.1547811627-1331912547.1547811627#i=5	philanderer	Read Full Thread Reply
18/1/2019 10:03	18th jan JP Morgan overweight - reiteration	philanderer	Read Full Thread Reply
18/1/2019 09:24	Barclays Capital Overweight 2334.00 3280.00 Reiterates	skinny	Read Full Thread Reply
18/1/2019 00:24	Animal print skirts and faux sheepskin coats help Primark shine in the High Street's Christmas gloom https://www.dailymail.co.uk/money/markets/article-6604091/Animal-print-skirts-faux-sheepskin-coats-help-Primark-shine-High-Streets-Christmas-gloom.html	philanderer	Read Full Thread Reply
17/1/2019 17:27	Stonking day :-D	philanderer	Read Full Thread Reply
17/1/2019 14:30	Primark sales soar as it plans new Mega-Store in UK HTTPS://www.mirror.co.uk/money/primark-sales-soar-plans-new-13868434	philanderer	Read Full Thread Reply
17/1/2019 13:43	JP Morgan and Goldman comment here... https://ftalphaville.ft.com/marketslive/2019-01-17/	philanderer	Read Full Thread Reply
17/1/2019 11:17	Very decent update, who said the High Street is dead eh.	essentialinvestor	Read Full Thread Reply
17/1/2019 09:47	Well done tl 👍 Unusually the only two reporting companies I hold that are reporting today, ABF and SSPG, are both blue. The other twenty one are red !	philanderer	Read Full Thread Reply
17/1/2019 08:22	yes tlobs and you bought well. This is a quality run company. No shouting from the roof tops and I like that. Suet	suetballs	Read Full Thread Reply
17/1/2019 07:37	I liked the heading ........ "TOP NEWS: AB Foods Says Primark Christmas Sales "Exceed Expectations" :-) BOOM !	tlobs2	Read Full Thread Reply
17/1/2019 07:36	Primark - strong US performance in the period. Although mall in New Jersey delayed. Encouraging?! Suet	suetballs	Read Full Thread Reply
17/1/2019 07:21	Trading Update Associated British Foods plc today issues a trading update for the 16 weeks to 5 January 2019 summarising the significant trading developments since the last market update. Trading outlook Our outlook for the group is unchanged, with adjusted operating profit and adjusted earnings per share for the year expected to be in line with last year. Group revenue Group revenue from continuing operations for the 16 weeks ended 5 January 2019 was 2% ahead of the same period last year at constant currency. Sterling has strengthened marginally against most of our major trading currencies, other than the US dollar, and as a result sales from continuing operations at actual exchange rates were 1% ahead. Other than the expected reduction in Sugar revenue, sales growth was delivered by all our businesses. Retail Sales at Primark were 4% ahead of last year, at both constant currency and actual exchange rates, and with a higher operating profit margin, profit was well ahead. Sales growth was driven by increased retail selling space partially offset by a modest decline in like-for-like sales. The UK performed well and our share of the total clothing market increased significantly. Sales were 1% ahead of last year for the period, in a market which declined year-on-year. Like-for-like sales in September and October were ahead but reduced footfall affected sales in November. Sales over the Christmas trading period exceeded our expectations. Sales in the Eurozone were 5% ahead of last year at constant currency. Sales growth was especially strong again in France, Belgium and Italy, performance strengthened in our second largest market, Spain, but soft trading continued in a difficult German market. We are pleased with the strong US performance in the period. Sales were well ahead and benefitted from very strong trading at the Brooklyn store, which opened in July last year. As expected, operating profit margin in the period increased, with purchases having been contracted at a weaker US dollar exchange rate than last year, and through better buying and tight stock management. Operating profit for the full year is in line with our expectations. Retail selling space increased by 0.3 million sq ft since the financial year end and, at 5 January 2019, 364 stores were trading from 15.1 million sq ft which compared to 14.2 million sq ft a year ago. Four new stores were opened in the period: Seville and Almeria in Spain, Toulouse in France and a city centre store in Berlin, Germany. In addition, in the UK, we relocated to larger premises in Harrow and the Merry Hill store was extended. We now expect to open 0.9 million sq ft in this financial year. The opening of the American Dream shopping mall in New Jersey has been delayed and consequently our new store there will now open next financial year while our smaller store in Oviedo, Spain will close this spring. Our 160,000 sq ft store in Birmingham is expected to open in April and our first store in Slovenia later this financial year. Sugar AB Sugar revenue from continuing operations was 12% behind last year at constant currency and 14% behind at actual exchange rates. As expected, the lower revenue in our UK and Spanish businesses in the period was the result of the lower EU sugar prices for contracts negotiated at the end of last financial year. Looking ahead, the development of our sales book for this year has indicated early signs of recovery in EU sugar prices. The UK campaign is progressing well and production will now be 1.15 million tonnes as a result of higher sugar content in the beet. Beet yields this year are lower than the record level last year and so production is lower than the 1.37 million tonnes achieved last year. The northern Spanish campaign at Azucarera has commenced. Total beet sugar production is expected to be some 300,000 tonnes, and a further 170,000 tonnes will be produced from the refining of cane raws at Guadalete. In December we announced a reduction in the beet price that will be paid to growers from the next campaign, bringing this price into better alignment with the market and with prevailing EU sugar prices. Sugar production at Illovo for the full financial year is expected to be ahead of last year at some 1.75 million tonnes, with campaigns extended to counter wet conditions which impacted production in the early part of the season. In China, very low levels of sugar content and purity in beet have adversely affected operational performance at our factories at Zhangbei and Qianqi. Combined with lower domestic sugar prices, the business will make a loss this financial year compared to the strong operating result last year. Grocery Sales for Grocery were 3% ahead at constant currency, 2% ahead of last year at actual exchange rates and operating profit margins on an underlying basis improved. Progress continued at Twinings Ovaltine, with good growth in Twinings which benefitted from recent new product launches. The consolidation of tea production from Jinqiao, China to our existing factory in Poland is nearing completion and adjusted operating profit in the first half will include a one-time cost in respect of this. ACH in the US and George Weston Foods in Australia continued recent progress by further improving margins. At Allied Bakeries, discussions with our customers to reduce the losses continue. Agriculture and Ingredients AB Agri revenue was 5% ahead of last year at constant currency and actual exchange rates. Sales in Ingredients were 6% ahead of last year at constant currency and 1% ahead at actual exchange rates.	skinny	Read Full Thread Reply
16/1/2019 16:11	A fair bit of buying by the finance director as well ;-) I have followed his lead ........	tlobs2	Read Full Thread Reply
16/1/2019 13:18	Fair bit of selling before tomorrow's update .	philanderer	Read Full Thread Reply
15/1/2019 17:12	I'm looking forward to seeing the results of the whole group. Sugar will be challenging, Primark UK will be in line with the announcement a few weeks back. It's the overseas revenue that might surprise a few especially with the current exchange rates....... :-)	tlobs2	Read Full Thread Reply
11/1/2019 20:40	next thursday.. Primark and Boohoo next in line to reveal Christmas trading Budget retail chain Primark has already warned trading was ‘challenging’ in the run-up to Christmas HTTPS://www.belfasttelegraph.co.uk/business/uk-world/primark-and-boohoo-next-in-line-to-reveal-christmas-trading-37701749.html	philanderer	Read Full Thread Reply
08/1/2019 11:37	I think the dividends will be re-invested in more of these for me :-)	tlobs2	Read Full Thread Reply
08/1/2019 11:25	Financial Calendar 11/01/2019 - Final dividend 2018 payment date 17/01/2019 - Trading Update 25/02/2019 - Pre close Trading Update	skinny	Read Full Thread Reply
08/1/2019 11:21	It's looking a little healthier today ........ Optimism running rife :-)	tlobs2	Read Full Thread Reply
04/1/2019 12:11	STRONG BUY, stock is oversold, should bounce to £23/£24	this_time_its_different	Read Full Thread Reply

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