Associated British Foods Share Discussion Threads

[quilarvium] 20/10/2012 23:56

Slave labour is getting harder and harder to find!Even at a pound a tee shirt the margin is going to pop sooner rather than later!Paul Marchant should at least be aware this time next year we may not be a millionaire Del Boy!

[jon827] 10/9/2012 08:43

ABF make an announcement.....
SP drops......
Free BB posters declare "This is teh top" ........
Price gets to -7%/-10% discount from high......
BTFD......
Makes another new high.

Wash, rinse, repeat!

:)

[spob] 12/7/2012 07:35

very good results

[jon827] 12/7/2012 07:08

You know the drill by now

[gateside] 24/4/2012 14:27

Nomura keeps buy stance and 1,325p target

Jefferies mains hold recommendation and 1,155p target

[broadwood] 24/4/2012 12:06

They're waking up.

[broadwood] 24/4/2012 10:54

Should ensure share strength over the next few weeks imo.

Sugar refining to fashion retail group Associated British Foods reported adjusted earnings growth of 5% for the 24 weeks ended 3rd March.

Group revenue was up 11% to £5.766bn.

Adjusted operating profit rose 6% at £412m and adjusted profit before tax was up 3% to £363m.

Adjusted earnings per share were up 5% at 34.4p and dividend per share is raised 8% to 8.5p.

The group had net debt £1.592bn after net capital investment of £326m at period end.

Operating profit was up 6% to £378m, profit before tax up 3% at £329m and basic earnings per share up 4% to 31.7p.

George Weston, CEO, said: "The group delivered good growth in revenue and profit. AB Sugar and Primark both performed strongly, demonstrating continuing momentum. We expect substantial growth in both adjusted operating profit and adjusted earnings per share for the group for the full year."

The sugar businesses delivered profit substantially ahead of last year with much stronger regional sugar prices and an excellent campaign in the UK compared with the challenges of last year's winter.

In Grocery, Twinings Ovaltine and the UK businesses performed well. However, a combination of higher costs for the Castlemaine meat factory and a difficult trading environment in Australia led to a disappointing first half for our meat business in George Weston Foods although a recent improvement in its bakery business is encouraging.

Primark again delivered a robust result. Revenue grew by 15% in the half year driven by a strong programme of new store openings, with 1 million sq ft of selling space added in the last 12 months, and a like-for-like sales increase of 2%

[broadwood] 24/4/2012 08:23

Hopped on here at 1226.

Company sound extremely confident.

Upgrades coming?

[jon827] 28/2/2012 22:33

They love to sell the news on abf, it takes about 1 month before they put it all back on again and abit extra for good measure :)

[taximania] 28/2/2012 11:04

you may be right ..just looks like its run out of steam ...and that yeild is low.

[jon827] 27/2/2012 19:37

Lol stop being so glass half empty will ya! What about all the good bits!

[jon827] 27/2/2012 19:12

That update sounded to bullish to be a short imo :)

[taximania] 27/2/2012 19:08

nope..short

[jon827] 27/2/2012 17:40

they always sell it off on a statement :) were we buying it then?

[taximania] 25/2/2012 16:29

updates on monday , negatives 2% yeild.

[allstar4eva] 20/2/2012 20:41

Hi Venture Traveller,

I like your taste in shares:-)

What else do you like the look of? I'm always on the lookout for ideas.

[lucky_punter] 09/11/2011 14:36

The market is underestimating the earnings potential of Associated British Foods (LON:ABF), which owns such well-known names as Primark and Silver Spoon Sugar, according to Nomura analyst Alex Smith.

Smith, who rates the stock a 'buy', targeting a price of 1,250 pence per share (current price: 1,123 pence) thinks there are three drivers of potential earnings growth for the firm over the next three years.

[mj19] 09/9/2011 17:15

anyone buying or just me here

[brain smiley] 26/7/2011 09:07

STOCKS NEWS EUROPE-AB Foods boosted by JPMorgan upgrade

Associated British Foods PLC
Tue Jul 26, 2011 8:53am BST

Shares in Associated British Foods jump 1.4 percent to 1,107 pence, outperforming a 0.2 percent gain for the FTSE 100 , buoyed by a JPMorgan upgrade to "overweight" from "underweight", citing strong earnings momentum at the firm's Primark and British Sugar units.

"Since its year-to-date low, ABF is up 15% absolute on earnings upgrades at British Sugar for 2012. At British Sugar we forecast EBIT of £170m in 2012, a significant improvement on £95m forecast for 2011," the broker says in a note.

The broker is similarly positive about Primark saying ABF "is likely to continue to outperform on potential earnings upgrades at Primark for 2012

[brain smiley] 26/7/2011 08:10

ABF JPMorgan: upgraded to overweight from underweight, tp 1300