Associated British Foods Share Discussion Threads

[philanderer] 24/1/2022 11:35

RBC CUTS AB FOODS TO 'SECTOR PERFORM' (OUTPERFORM) - PRICE TARGET 2,250 PENCE

[philanderer] 21/1/2022 11:30

GOLDMAN CUTS AB FOODS PRICE TARGET TO 2,160 (2,400) PENCE - 'NEUTRAL'

[gateside] 20/1/2022 15:22

Buy good companies.Hold.Reinvest dividends.Hold.It's the best way to ignore this market nonsense.

[gateside] 20/1/2022 15:20

Excellent trading update, across all divisions of the company.This sell off is madness.Markets Make no sense anymore. It's a total lottery driven by computer algorithms these days.

[skinny] 20/1/2022 15:01

And recently :-

17-Jan-22 Barclays Overweight 2,700.00 2,700.00 Reiteration

[philanderer] 20/1/2022 14:56

20th jan Liberum buy tp 2600p
20th jan ShoreCap buy -

[tlobs2] 20/1/2022 13:37

Overall yes, a very positive trading update across so many divisions :-)

They will employ as many as they feel they need.

[queen gibbs] 20/1/2022 13:27

Promising trading report = 400 job losses?

[philanderer] 20/1/2022 12:51

Sell on the news I suppose. We've had a good run.

[tlobs2] 20/1/2022 08:35

A very promising trading update and they drag the price down again.

The World's gone mad!

[wad collector] 19/1/2022 12:22

So with a current share price of £21, a target of £24 is neutral. Hmm , not sure I understand targets...
I prefer Barclay's reiterated £27 target.

[philanderer] 19/1/2022 10:28

GOLDMAN SACHS CUTS AB FOODS PRICE TARGET TO 2,400 (2,500) PENCE - 'NEUTRAL'

[philanderer] 15/1/2022 00:13

Primark owner set for higher sales despite Omicron concerns

[wad collector] 14/1/2022 18:38

TU on Thursday.

[philanderer] 10/1/2022 21:07

Patak's to curry favour with consumers in first TV advert in over a decade

[philanderer] 05/1/2022 19:04

Primark owner due a rerating, says Deutsche Bank

Deutsche Bank is expecting strong festive sales figures from Associated British Foods (ABF) and also believes the company’s flagship Primark brand is too heavily discounted.

Analyst Adam Cochrane rated the stock as a ‘buy’ ahead of a first-quarter trading update, adding that a ‘combination of supportive industry data’ shows there is ‘likely to be a strong sales performance over the Christmas trading period’.

‘We expect a stronger like-for-like sales performance for Primark than consensus currently expects given increased concerns over consumer confidence,’ he said.

‘We forecast like-for-like sales at -5% compared to the consensus view of -10% versus 2019. In our view, a more positive view of Primark like-for-like would see a material rerating of the stock.’

Additionally, Cochrane said ABF is trading on a circa 13.5x 2022 price-to-earnings ratio, compared with the clothing retail peer group on 16x. ‘If we use a sum-of-the-parts [valuation] it puts Primark on about 10x price-to-earnings, which is a 10% discount to Marks & Spencer,’ he added.

[philanderer] 27/12/2021 16:52

Shoppers largely steer clear of central London Boxing Day sales

[tomps2] 17/12/2021 10:30

ABF Richard Leonard's been buying.

PIWORLD interview at 49m33s and earlier mention too. Not much detail.

[philanderer] 15/12/2021 21:18

xd tomorrow morning for the 20.5p dividend and the 13.8p 'special'

[philanderer] 10/12/2021 13:55

10th dec UBS buy tp 2700p
10th dec Liberum buy tp 2600p
10th dec ShoreCap buy -

[philanderer] 10/12/2021 10:57

UBS CUTS AB FOODS PRICE TARGET TO 2,700 (2,900) PENCE - 'BUY'

[philanderer] 10/12/2021 10:31

About as good as could be expected. I'll continue to hold as ABF is now easily my smallest holding by value. Won't be adding though.


".... We are managing disruption in our supply chain by prioritising products most in demand with the support of our logistics providers for whom we are a very important customer. We have stock cover on the vast majority of lines for the important Christmas trading period. The incidence of COVID-19 cases is increasing and the public health measures taken to date in our markets are mainly restrictions in trading hours in the Netherlands, the requirement for vaccine passes in Germany and the closure of our five stores in Austria.

"Primark margin year to date has been ahead of expectations. Looking ahead we currently expect Primark sales to be significantly better than sales in the comparable period in the last financial year, from December 2020 to April 2021, when the estate was largely closed."

[bahiflyer] 10/12/2021 07:53

So acknowledged all the possible negatives that could impact and still expecting strong growth. Sounds good to me.