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ABF Associated British Foods Plc

2,498.00
-16.00 (-0.64%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Associated British Foods Plc 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
  -16.00 -0.64% 2,498.00 2,501.00 2,503.00 2,509.00 2,484.00 2,509.00 1,254,447 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Textile Goods, Nec 19.75B 1.04B 1.3790 18.14 18.93B
Associated British Foods Plc is listed in the Textile Goods sector of the London Stock Exchange with ticker ABF. The last closing price for Associated British Foods was 2,514p. Over the last year, Associated British Foods shares have traded in a share price range of 1,807.00p to 2,536.00p.

Associated British Foods currently has 757,077,752 shares in issue. The market capitalisation of Associated British Foods is £18.93 billion. Associated British Foods has a price to earnings ratio (PE ratio) of 18.14.

Associated British Foods Share Discussion Threads

Showing 2651 to 2673 of 3350 messages
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DateSubjectAuthorDiscuss
29/4/2021
13:08
The RSI is very very low.
Probably ripe for a turn.

netcurtains
29/4/2021
12:58
ABF is not really a trading share. It's better viewed as a longer term
wealth creator.

One of the issues over the last 5 years has been a mean reversion on the multiple.

At one point during the supercharged Primark growth phase it was selling well
over 30 X earnings. In terms of trading the plum time to buy was before mid
November's positive vaccine news. It now looks in a consolidation pattern.

essentialinvestor
28/4/2021
21:12
Just seen the Equiniti takeover by an American hedge fund looks as if it is going ahead.

Also Hong Kong investors swooped on brewer Greene King. I don’t usually even get a vote but if I do I will vote against it.

We have sold off too much British industry and know how on the cheap.

Stand up for more shareholders’ democracy.

netcurtains
28/4/2021
18:08
M_kerr: Filtered.
netcurtains
28/4/2021
18:05
its clear to me that ABF is not operating in a way that maximises shareholder value over the long run, as it's persevering with it's businesses that will likely earn very low returns over the long run (agriculture and sugar). it should divest them and invest that money in expanding the parts of the businesses that are generating much higher returns.

i wonder why you're wasting your time on an investors forum the way you speak. go ahead and invest in companies with very strong trade unions and a commitment to not offshoring or an inability to. it'll trash your returns over time. go and look at the shares of BT, BA (IAG), royal mail over the last 5-10 years to see where that gets you.

m_kerr
28/4/2021
06:56
m_kerr: Its excellent that shareholders cannot bully owners as shareholders want SHORT TERM profits thus the EXPLOSION OF OFF-SHORING from 1995 to 2019 which more or less destroyed the manufacturing fabric of the UK.
Remember shareholders are evil personified - they want big money and they want it now.

The long term answer to shareholder greed is worker directors on boards who can veto all off-shoring for ever.

netcurtains
27/4/2021
22:17
this a very strong business, and the grocery and primark division are very, very good businesses, bordering on excellent. net cash balance sheet too. primark in particular looks like a business that will grow and grow for years to come (14% compound growth in sales since 2007 pre pandemic), at mid teens return on capital. the red flag with the company as a whole is they can resist any activism because of the controlling stake, which also means they've been able to hold on to much less profitable businesses like sugar and agriculture which depress their overall return on capital and business quality, and they can't be easily pressured into a strategy to maximise shareholder returns.
m_kerr
27/4/2021
09:37
BARCLAYS RAISES ASSOCIATED BRITISH FOODS PRICE TARGET TO 2800 (2700) PENCE - 'OVERWEIGHT'
philanderer
26/4/2021
21:36
IMO there will likely be an improvement in profitability at primark in the next few years as collapsing shopping centre rents feed through to lower occupational costs. they have a concept that gets stronger as it expands, as they use increased buying power to further lower prices.

next are currently negotiating on average 58% discounts on lease renewals, and just 35% of lease renewals were fixed rents, the rest were either turnover based, or zero rent (7 out of 62). if primark are operating at about 2% rent to sales, that if they bank that, it adds another 1% to the profit margin, or about £80m.

m_kerr
26/4/2021
07:47
have to agree with essential.

Food and cheap fashion. This company is at the centre of everyone's needs and desires.

undervaluedassets
23/4/2021
14:07
net, on a mediam term view you would very unlucky indeed to lose money on ABF,

however your time horizons may be different.

essentialinvestor
23/4/2021
12:27
For about a week now this has been the worst share in my portfolio.
They really dont want me here.
I'm on the verge of getting shaken out.
If this goes on for another 10 days I'll pack it in!
Can only go on so long.

netcurtains
23/4/2021
07:28
That the company has been profitable at all during the pandemic is remarkable. Primark was shut with no online offering... just shows the level of profitability here under normal conditions.

If profits at Primark were down by 90% during lockdown..well simple mathematics says the percentage they are going to jump by will be hundreds of percent now we are opening up.

It is a statistical certainty

undervaluedassets
22/4/2021
15:02
net, with respect you need to take a look at a longer term price chart for ABF.
It's founding family controlled and that may be a reason it's given to price volatility-
lower free float %.

To make a guessestimate in answer to your question- prior to results sentiment
was uber bullish, sometimes more difficult to make short term share price progress that being the case.

essentialinvestor
22/4/2021
14:53
Over the past few days of all my shares this one has easily taken the biggest hammering.

No idea why but I guess its something.....

Its pretty steep decline.

netcurtains
21/4/2021
23:28
Yes, ABF a solid hold for me :-)
philanderer
21/4/2021
14:10
It's fine. They move in on Top Shop territory among others. And have a larger slice of a much depleted high street .

Meanwhile the food and the sugar business are a nice back stop.

undervaluedassets
21/4/2021
13:42
yeah whole market is going a bit pear-shaped. I'm waiting for everything to settle down a bit before I put more into the market.
No rush.

netcurtains
21/4/2021
12:37
Looking for a move back above £24, however

a bit cautious on markets atm given the very quick gains since November.

essentialinvestor
21/4/2021
12:31
Very happy to finally be able to buy in after what i thought were excellent numbers considering the situation.

Ideally i hoped it to go to 21£, but was too greedy in the past. Half a position.

Numbers reminded me of Inbev numbers and Wynnstay numbers recently, where there also was an initial (very strange) drop, after excellent numbers.

kirmich
21/4/2021
08:52
GOLDMAN RAISES AB FOODS PRICE TARGET TO 2,700 (2,680) PENCE - 'NEUTRAL'
philanderer
20/4/2021
13:56
Need to keep in mind multiple European mainland countries are dealing
with new Covid surges and that may slow Primark's recovery.
UK is the profit hub but multiple country exposure.

essentialinvestor
20/4/2021
13:09
How the numbers and the fall in profits could come as "a surprise" is beyond baffling.

The surprise to me is that there were any profits at all not losses.

The strength of the company can be measured by the fact that they are going to repay all furlough government cash AND have reinstated the dividend. Those 2 things alone are " the surprise".

undervaluedassets
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