Associated British Foods Share Discussion Threads

[zyzzyva] 27/2/2015 10:24

wow isn't it amazing how they can turn so many negatives into an overweight recommendation
falling European sugar prices to drag on Sugar profits
investments at Primark to weigh on retail margins
continuing strong competition to impact Grocery
Add to this lacklustre picture the strengthening of the pound

[philanderer] 27/2/2015 09:05

Telegraph:

Primark-owner Associated British Foods lifted 1.8pc higher ot £31.03 by Barclays, which has started coverage with an "overweight" rating


The broker says:

A painful transition year, but laying strong foundations: ABF does not look set for a great FY15. We expect falling European sugar prices to drag on Sugar profits, investments at Primark to weigh on retail margins, and continuing strong competition to impact Grocery. Add to this lacklustre picture the strengthening of the pound, and it is no wonder the share has underperformed the staples year-to-date. However, we believe that ABF may finally enjoy a perfect alignment of the stars as the year unfolds. Our conviction is based on a detailed analysis of each of its divisions, which allows us to identify the various factors of profit growth, whether exogenous (Sugar), or endogenous (mix-driven in Grocery, Agriculture, or related to store expansion in Retail).

[philanderer] 27/2/2015 09:01

02/27/2015

LONDON (Alliance News) - FTSE 250-listed real estate investor Redefine International PLC Friday said it has signed a deal with Associated British Foods PLC'sPrimark fashion retail chain to take space at the City Arcaden Shopping Centre in Ingolstadt in Germany.

Primark will take a 5,200 square metre space in the centre, which Refine bought in August last year.

"We are very pleased to have agreed this landmark transaction with Primark. The arrival of Europe's most sought after discount fashion brand in Ingolstadt is exceptionally good news for the City, and marks Redefine International's second Primark store in Germany, following its highly successful outlet in our Berlin shopping centre, the Schloss-Strassen Centre," said Redefine Chief Executive Officer Mike Watters.

[philanderer] 27/2/2015 08:33

Citigroup 'buy' target 3700p

reiterates

[philanderer] 26/2/2015 23:04

'Abercrombie's problems aren't all about the logo'

......additional trouble is brewing for the teen sector, as the U.S. entry of British value retailer Primark looms. The fast-fashion category has already caused a dent in prices and margins among the teen set, which should only get worse after Primark opens this year, Buss said. Whereas prices are already low at Forever 21, H&M and Uniqlo, they're even lower at Primark.

A recent study by Credit Suisse compared the cost of nine "core product" categories, including T-shirts and skinny jeans, across fast-fashion stores in the U.K. The total basket price at Primark came in at 99 pounds, significantly lower than the average of 212 pounds.

"Primark's entrance to the USA in '15 could be a key event in the growth of 'deep value fashion' and will prove disruptive for the apparel sector as a whole," Buss wrote in a note to investors.

"The retailer's extreme low prices on fashion basics will help reset consumer expectations for pricing across apparel retail, eroding pricing premiums and taking profits from mid-value specialty retailers, department stores and discounters."

[philanderer] 26/2/2015 09:10

upgraded today:

26th feb Berenberg 'buy' tp 3400p

[suetballs] 25/2/2015 18:10

If the expansion of Primark into the USA is a success then the share price will really motor. Fingers crossed.
Suet

[philanderer] 25/2/2015 15:48

Just can`t break the short term downtrend started in december.

[philanderer] 25/2/2015 08:49

25th feb Liberum buy tp 3500p

reiteration

[philanderer] 24/2/2015 19:53

Penneys to create more than 300 jobs

[philanderer] 24/2/2015 08:57

24th feb JP Morgan overweight -
24th feb Beaufort Secs buy -

reiterations

[philanderer] 23/2/2015 23:36

'Primark buoys food-to-fashion group AB Foods with expected 12 per cent hike in sales'

...'ABF offers investors compelling exposure to secular growth trends in retail over the next five to 10 years,’ said analysts at broker Liberium.'

Read more:

[philanderer] 23/2/2015 22:20

Shares Mag

Primark powers ahead

Groceries-to-fashion conglomerate Associated British Foods (ABF) puts on 30p at £30.66 after delivering an in-line interim pre-close update. Although first half operating profit will be lower year-on-year, investors like the news its high growth retail division Primark is powering ahead

[philanderer] 23/2/2015 10:19

And a couple of those weird ones :-)

23rd feb Numis hold tp 2781p
23rd feb Jefferies hold tp 2900p

plus:

Charles Stanley 'reduce'

All reiterations.

[philanderer] 23/2/2015 08:56

23rd feb Liberum buy tp 3500p

reiterates.

[gateside] 20/2/2015 09:59

Thanks for the link - but what a poorly written article.

They call Primark an Irish retailer!

[philanderer] 20/2/2015 09:12

19th feb Bernstein market perform tp 3000p

[philanderer] 20/2/2015 09:08

DANBURY -- Struggling retailer Sears, which has closed hundreds of stores in recent months throughout the country, has announced it will lease out half of its store at the Danbury Fair mall to Primark, an Irish clothing retailer looking to enter the United States.

Sears, according to a statement released by its parent company, has agreed to lease approximately 70,000 square feet on the upper level of the two-story store to Primark. Sears will continue to have both a retail presence as well as operate its auto center from the first floor of the facility.

[philanderer] 19/2/2015 20:09

Telegraph market report...

Also climbing was Associated British Foods (LSE: ABF.L - news) , up almost 2pc to £30.57, ahead of a trading update on Monday.

[philanderer] 18/2/2015 13:34

Popular...

Primark ‏@Primark 6 hours ago
Jean genie! We've worked some magic on our new #PrimarkDenim range!!

[philanderer] 16/2/2015 22:45

M&S loses bid to stop Gyle building new Primark

[philanderer] 16/2/2015 09:54

Liberum reiterating 'buy' and 3500p target this morning


updated:

16th feb Liberum buy tp 3500p
10th feb RBC Capital outperform tp 3500p
6th feb Canaccord sell tp 2650p
3rd feb Credit Suisse outperform tp 3250p
3rd feb ShoreCap hold -
2nd feb Bernstein market perform tp 3250p
2nd feb Jefferies hold tp 2900p
27th jan Numis hold tp 2781p
13th jan JP Morgan overweight tp 3500p
12th jan Citigroup buy tp 3700p

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