Associated British Foods Share Discussion Threads

[crontab] 06/2/2007 15:25

Maybe, but it's hardly correlated to the movement of the FTSE.

[spacemoggy] 06/2/2007 12:08

On a market upday, it's a bit premature to think it's off northwards, i've been watching this for ages waiting for a long entry point...Rick

[crontab] 06/2/2007 11:47

Looks like she's off again. All aboard!

[liquidkid] 02/2/2007 09:03

the 200 MA is also a good level for an inflection - tends to bounce at that level

[garycook] 29/1/2007 16:01

Told to Short by Andrew Gibson Managing Director of Galvan at 804.Will short if it breaks 800 for 3% at 775. ABF has dropped below the 200 day trading range

[raybald] 26/1/2007 19:02

I make you right moggy - anyone brave enough so short this from here will end up getting burn or closing for a very minimal profit - risk greater than reward IMO.

[spacemoggy] 26/1/2007 15:59

Even if 800p goes, which i doubt, 785p has good support. I too have had this one on my watch list for awhile now, waiting to long it...Rick

[raybald] 26/1/2007 15:53

Short from here??? You must be mad!!!!!!!!!

Unless it convincinly breaks 800, and even then the bottom has got to be 750, right?

If 800 holds, then it is a long, if it breaks it could be a short for a quick buck, but dangerous IMO, and not much in it... 50p at the most.

I've got this one on my watch list to go long - just want to see whether or not 800 breaks.

[dr darkstar] 26/1/2007 00:54

a stonking short !

[cambium] 23/1/2007 08:20

In sympathy with TATE

[gateside] 12/1/2007 14:58

Morgan Stanley has issued a review of the Food Producers Sector, in which they have in-line for the sector itself, with overweight on AB Foods (900p target)

[dr darkstar] 12/12/2006 12:10

looks like the next leg up starting

[peckhamrye] 10/11/2006 08:45

i suppose it takes the analyst a while to sharpen their pencils and get behind the headline numbers

[hosede] 09/11/2006 17:41

All quite droll considering the initial reaction to the results was a 24p fall!

[peckhamrye] 09/11/2006 16:53

i can see this stock breaking £9.00 very soon - but will it be able to hold on?

[cambium] 09/11/2006 16:21

AB Foods added 32-1/2 pence at 888 after being upgraded to
'buy' from 'hold' by ABN Amro following recent results from the UK food
producer.
The Dutch-owned broker pointed out that AB Foods' 2005/06 results contained
few surprises, with normalised pretax profit down 4 pct and EPS down 3 pct,
while the dividend was raised by 4 pct.

[cambium] 09/11/2006 09:19

broker upgrades

[ajmace] 09/11/2006 09:06

Does anybody know why ABF is so volatile today?

[gateside] 07/11/2006 17:32

From The Times....


Not so sweet any more

Europe's artificially high sugar prices have had their day. Associated British Foods is feeling the pinch - it has revealed losses of £34 million in sales and £97 million in restructuring costs for the last year alone.

The group has taken rapid action to tackle the problem and position itself for a shake-out in the industry. ABF has announced plans to close two plants and is investing in plants in developing countries - notably in Africa - which will enable it to take advantage of lower operating costs to tap into the European market once the reforms have had their full effect.

The company wants to buy more sugar quota in the EU so it can produce more sugar using fewer factories. The reforms are intended to get rid of some of the smaller producers and make Europe a net importer.

In the longer term that could mean stronger sugar prices again. The reforms will be painful over the next few years, but ABF is well placed to take advantage of the longer term opportunities.

[gateside] 07/11/2006 15:00

1021 GMT [Dow Jones] Panmure Gordon reiterates AB Foods (ABF.LN) at buy following the release of full year data. A decline in underlying profit "has to be seen in the context of a GBP64M increase in energy costs and a GBP34M impact from sugar regime reform," it says. "British Sugar now has a significant platform for growth with two thirds of production capacity in Africa and China, together with a growing interest in biofuels," it adds. "While Primark's like-for-like (sales) are not particularly meaningful at present, profits growth should remain very strong, and there remains further opportunities for development.

[gateside] 07/11/2006 08:45

Results came in at the top end of analysts forecasts. So will take advantage of the fact that this is down 3% to add a few more.

[cambium] 06/11/2006 11:49

sorry, I was only asking ;o)

Nice pre results rise

Anyone think we will have a Primark/Sugar demerger