Associated British Foods Share Discussion Threads

[netcurtains] 10/3/2022 08:06

Interesting?

[netcurtains] 09/3/2022 14:11

ABF is popular but not popularist.

[netcurtains] 09/3/2022 12:34

PRice of grains (etc) going through the roof.
What percentage of ABF is involved in agriculture?

[justiceforthemany] 09/3/2022 11:47

No it's the wheat price and the impact on the food business but IMO this will be more than outweighed by Primark and their Sugar business.

[essentialinvestor] 08/3/2022 18:44

Is this share price partly as a result of ESG investment trends - fast fashion seen
increasingly as a no go area?.


Last time I can remember ABF on this type of rating was circa 2010.

[justiceforthemany] 08/3/2022 18:20

Higher sugar prices will only help ABF. Covid now seems behind us, full re-opening with Summer to come will only boost Primark.
5 year lows; at least 50% upside.

[sza2002] 07/3/2022 10:55

Gap to fill at 1556 form 2013 I guess.

[philanderer] 02/3/2022 11:27

Downgrade..

SocGen cuts AB Foods to 'hold' ('buy') - target 2,100 (2,500) pence

[suetballs] 02/3/2022 10:27

Will this quality company ever get a quality rating.
I have been here a long long time but the disappointments continue.
Perhaps time to move on once Ukraine settles down - which it eventually will.
Suet

[justiceforthemany] 01/3/2022 23:21

Short tracker shows nothing.

[sza2002] 01/3/2022 18:16

ABF Shorts reducing as below on Euroclear, Feb 22 figures not available yet:
GB0006731235 ASSOC BRIT FOODS 10653982.36 353407377.47 3.01 (Jan 22)
GB0006731235 ASSOC BRIT FOODS 13993823.26 353399255.73 3.95 (Dec 21)
GB0006731235 ASSOC BRIT FOODS 20049837.04 353460737.36 5.67 (Nov 21)
GB0006731235 ASSOC BRIT FOODS 22198111.14 353443065 6.28 (Oct 21)

[justiceforthemany] 01/3/2022 15:25

Quality company, recovery play, well below 2019 high
Dropping today on tiny volume 29% average
No open shorts, not disclosed anyway...

[philanderer] 01/3/2022 12:22

Attractive risk-reward at Primark owner, says Jefferies


There are ‘attractive217; risk-reward prospects at Associated British Foods (ABF) as its flagship Primark brand adds a defensive edge to the group, says Jefferies.

Analyst James Grzinic retained his ‘buy’ recommendation and target price of £27 on the stock, which closed down 2% on Monday at £19.20.

‘The lack of deterioration in Primark’s second quarter like-for-like momentum despite adverse weather, highlights that the unwind of Covid-19-related disruption is providing helpful tailwinds,’ he said.

‘In an uncertain macro environment, the long history of Primark’s ability to defend consumer attractions and double-digit margins adds defensive merits versus much of the sector.’

Grzinic said ‘looking through’ to the underlying valuation, Associated British Foods trades on just 12.1 times estimated 2023 earnings on a ‘very conservative balance sheet’, confirming ‘an attractive risk-reward’ mix.


citywire.com

[philanderer] 28/2/2022 11:08

Bad day for an update.

[roguetraderuk] 28/2/2022 08:20

some margin compression h1 which they feel will pass by end of year once price hikes work in. from the share price reaction its beginning to get towards an equilibrium. maybe another pound or two in it. not far now.

[suetballs] 28/2/2022 07:58

For me an encouraging trading update.
Suet

[wad collector] 25/2/2022 13:39

Just added, wife's broker bought her some and I find that mirroring his buys are often successful. The timing of his sells aren't so good though..

[philanderer] 25/2/2022 11:54

Trading update monday

[philanderer] 14/2/2022 19:14

On the economic front, the latest data from retail analyst Springboard showed footfall at UK shops rose last week, as workers continued to return to offices.

Footfall increased 2.2% on the previous week, with footfall on high streets up 2.6%, while shopping centres and retail parks saw rises of 2.4% and 1.1%, respectively.

Springboard said footfall rose in all types of town centre, with the largest increase of 7.1% seen in regional cities outside of London, versus a 3.3% jump in Central London.

Its ‘Central London Back to the Office’ benchmark was in line with that of Central London as a whole, up 3% from the week before.

“For the fifth consecutive week footfall in UK retail destinations rose last week from the week before, albeit that the degree of uplift appears to be tapering off,” said Diane Wehrle, insights director at Springboard.

“Footfall rose across all three destination types, however, the increases in all three were lower than the week before which followed payday, and which is often a driver of retail spending.

“Footfall rose across all types of town centre last week, with an acceleration in the increase in footfall in city centres outside of London accompanied by a lesser uplift in footfall occurred in Central London; in part this is likely to be driven by employees outside of the capital heading back into their offices to a greater degree than in previous weeks.”

ADVFN market report

[philanderer] 14/2/2022 10:41

Clobbered.

[spacecake] 10/2/2022 10:22

Phil,

Wonder if ABF got a rumbling tum for something tasty ?

[philanderer] 04/2/2022 18:53

No spending money left, what with interest rates up, council tax up and energy prices through the roof.