In other news.
:-) |
Excellent results. Well done to all at ABF and all shareholders :-) |
good looking set of results i think. a final dividend of 42.3p and a special dividend of 27p |
Results tomorrow |
Supersonico - good article on Neonicotinoids. I really hope this Labour government bans this poison and gives our insects a chance to recover. As for your comment on sugar generally - it is a poison in itself and yes I believe it causes the majority of the diseases our sick population has. Along with Seed oils but that's another story.
I struggle to find a positive in buying ABF shares with retail sales being battered and their reliance on sugar as a big income source. Just my personal opinion though |
'Retail sales growth slows in Great Britain despite tech spending lift' |
Is the ABF ESG statement credible ?? |
'we recognise the need to support more sustainable farm management practices'.
Our Group ESG governance
The Board has overall responsibility for the general oversight of ESG factors across ABF. It reviews each business segment every year, including a review of ESG issues
Agriculture and farming practices
ABF is a diversified group, with a wide range of food and ingredients businesses as well as our retail brand, Primark. Our businesses depend upon agricultural systems for most of the raw materials we use in our products, and we recognise the need to support more sustainable farm management practices.
We have a strong association with the UK agricultural sector, where our businesses collectively form the largest end-to-end food producer. Globally, we are also a significant purchaser of cotton, sugar beet, sugar cane, tea and cereals. |
ABF after full year result could be on a pe of 12.8 which will prove steady growth for the year, maybe even on a slightly lower pe. Share price should be a touch higher. I expect Primark to do well. |
EI, I hold SGRO , good management. And good for a play on the expanding Data Centres. |
I was tempted today, but went for Segro on the dip. |
At last a bounce :-) |
Further to its announcement on 5 September 2024, Associated British Foods plc (the 'Company') announces that it has entered into a non-discretionary arrangement (the 'Engagement') with Barclays Capital Securities Limited ('Barclays') to execute an additional £100 million share buyback as an extension to its share buyback programme (the 'Extended Programme').
It is anticipated that the Extended Programme will end no later than 15 November 2024 (the 'Engagement Period').
Quite aggressive timescales to pick up £100m of shares! |
Sellers into any rise. |
EI, if it can't head north on a market day like today I'm not sure what it will take short term.
Yes, 1950p looks on the cards to be tested the way things are going.
Still happy to hold this one though :-) |
Hi Phil, the 19.50 you mentioned may be where this is heading.
Perhaps some nervousness about Shein.. |
Afternoon EI.
A surprise there's been no bounce here in fact the exact opposite. |
If you disappoint the market atm the reaction is brutal. |
RBC cuts AB Foods price target to 2,600 (2,750) pence - 'outperform' |
Money moving into ASOS For FY24, ASOS expects adjusted EBITDA at the top end of consensus estimates, |
Just for some context, the ABF share price hit a
multi year low this time 2 years ago.
Even with this week's fall, the share price has doubled from the September 2022 low point. |
'ABF buys Australia bakery business The Artisanal Group' |
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