Famous British tea firm Typhoo collapses into administration with more than 100 jobs at risk |
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. |
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. |
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. |
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. |
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 |
Around £21.50 as previously mentioned,
looks a decent longer term entry price. |
Phil, the current price looks a steal, barring something leftfield - another pandemic, etc.
That being said, the market appears to want ABF lower down. |
Typhoo Tea is preparing to enter administration after 120 years in business, amid declining sales and mounting debts. |
SP targeting the September low?,
might be an interesting buy area..
I added a few today |
Morning EI. I've never bothered with this one . Always been a core holding with top management.
Non - Exec director buy yesterday 4,000 shares |
Bought a small amount before the close,
I'm half way through the Q&A section. |
Phil, do you have any TA view here, thanks. |
Goldman Sachs raises Associated British Foods price target to 2,600 (2,580) pence - 'neutral' |
I see this at £30 by this time next year with all the positives from the results and the impact of the share buy back. :-) |
Primark considers investing outside UK due to Budget |
 Daily Mail
Primark eyeing a bumper Christmas despite Budget misery on the High Street
Primark's boss is looking forward to a bumper Christmas despite a ‘particularly painful’ Budget for the High Street.
George Weston, who is chief executive of the fashion retailer’s parent company Associated British Foods, said it was in ‘really good shape’ as its peak trading period gets underway.
‘Our ranges are the best they have ever been, whether it’s for party gear, basics or jumpers to give to your dad,’ he declared.
‘The stores look fantastic and I think we’re going to have a good Christmas.’
He said ‘fam jams’ – sets of matching festive pyjamas for the whole family – are expected to fly off the shelves.
The upbeat tone came as AB Foods posted a 4 per cent rise in annual revenues to £20billion and a 43 per cent rise in profits to £1.9billion.
The Primark business saw revenues jump 6 per cent to £9.4billion while adjusted operating profits were up 51 per cent to £1.1billion.
Shares in AB Foods, which also owns brands including Ovaltine, Ryvita and Twinings and has a major agricultural arm that sells animal feed to farmers, rose 3.2 per cent.
Weston’s optimism came despite warnings that policies in the Budget will add ‘several tens of millions’ of pounds to the group’s costs through the increase in the minimum wage and national insurance contributions paid by employers.
He also hit out at Labour’s ‘ill-judged217; proposed reforms for the business rates system, which will mean higher bills for his more valuable city centre stores.
He said: ‘It’s quite clear to me that this a Budget where the weight of the tax rises are falling on business – within that, it’s fallen particularly on the High Street.’
But he said Primark is likely to benefit from rises in the minimum wage as it will put more money in the pockets of many of its customers.
Weston vowed there was ‘no intention’ to raise prices for the rest of the year. The group said it would ‘focus on driving cost optimisation and efficiencies’ including with the introduction of self-service checkouts and energy savings.
Primark has benefited from ranges fronted by singer Rita Ora and tie-ups with Disney.
But wet weather in the spring and summer held back sales in the UK and Ireland.
‘However,̵7; a spokesman said, ‘we had a very encouraging start to sales of our autumn/winter ranges.’ |
It's never going to command the la la land multiple of old, well over over 30 X at one point.
Reasonable value now, particularly given the buy backs.
That's barring something leftfield hitting, another lockdown etc. |
Dunno, but I missed it too !
I think it is intraday shenanigens....a few days and the institutions won't miss this one. Could explain the tree-shaking to fill some orders |
Very good result, increase in dividend plus special div, and the share price drifting lower. Have I missed anything? |
Extremely disappointing results from ASOS with falling sales and massive losses and expect more of the same from Boohoo PLC |
4*
Associated British Foods plc posted a very strong set of numbers for FY24 this morning. Revenue growth was 4% in constant currency to top £20b for the first time ever at £20,073m. Expansion was decent and driven by both Retail and food businesses. Profit performance, however, was stellar as the business benefitted from margin recovery, particularly at Primark, although food business also delivered strong profitability. There was significant growth in adjusted operating profit, up 38% to £1998m, reflecting strong margin recovery to 10.0% across the Group...
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/ABF/943 |
Agree results look rock sold, the share price often sells off on results. |
Yes, rock solid. Happy to hold this one .
On the FTSE 100, AB Foods was up 2.6%.
It declared dividends totalling 90.0 pence for financial 2024, up 50% from 60.0p the prior year. Pretax profit rose 43% to GBP1.92 billion, while revenue rose 2% to GBP20.07 billion while Primark revenue rose 5% to GBP9.45 billion.
AB Foods said Primark is targeting mid-single-digit percentage sales growth this year, although it expects reduced prices to temporarily hurt its Sugar unit before profitability recovers in financial 2026. |
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