Associated British Foods Share Discussion Threads

[philanderer] 30/7/2015 08:59

Associated British Foods wins the award for the most expensive stock in Morgan's European stock universe. (Morgan's current price target for the company is 9.6% above the level the stock is currently trading

[philanderer] 28/7/2015 09:30

Lancaster Primark Store On Course To Open In Easter 2016

[philanderer] 27/7/2015 23:30

Primark to open in Walsall

27 July 2015

Primark will open a two-floor store at the Old Square shopping centre in Digbeth, Walsall, on August 6.

The opening will create some 150 jobs, according to the Wolverhampton Express and Star.

A spokeswoman Primark confirmed that the store will open next week but declined to provide any further details.

[philanderer] 24/7/2015 09:24

Primark Gives Us a First Look At Its Fall 2015 Collection

[philanderer] 22/7/2015 09:24

Goldman Sachs reiterates buy ,, increses target to 3445p from 3150p

[philanderer] 21/7/2015 20:58

Primark reveals collaboration with YouTube star Gabriella Lindley of Velvet Gh0st

[philanderer] 21/7/2015 20:47

Telegraph:

Questor says 'sell' for ABF an avoid TATE

[philanderer] 21/7/2015 12:09

'Nick Goodway: The shares that look ripe for picking in the summertime'


My own choice for a summer retailer would still be Primark — the place where people fill their suitcases with clothes they could only wear on holiday. I also reckon the hype around Primark’s first openings in the US in September will work its way into owner Associated British Foods’ share price quite soon.

[philanderer] 14/7/2015 13:14

Pound jumps as Mark Carney says rate rise moving closer

€ = 70.8p

[philanderer] 13/7/2015 09:23

13th july Barclays overweight tp 3000p


reiterates

[philanderer] 13/7/2015 09:23

13th july RBC Capital sector perform -
13th july Barclays overweight tp 3000p

reiterations

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PARIS (AFP) -
Gunmen were holed up inside a Primark store near Paris Monday with some 10 people inside after what appears to be an attempt to rob the shop, police said, adding special forces had been dispatched to the scene.

"Around 6:30 am (0530 GMT), two or three armed criminals went into the Primark store for what we think was initially an attempt at armed robbery," a police source, who wished to remain anonymous, said of the incident at Villeneuve-la-Garenne.

[philanderer] 10/7/2015 12:46

10th july JP Morgan overweight tp 3400p

[philanderer] 10/7/2015 10:31

nothing spectacular from the experts after that update:


10th july Davy outperform -
9th july Liberum buy tp 3340p
9th july Numis reduce tp 2598p
9th july Nomura neutral tp 2815p
9th july Charles Stanley reduce -
9th july Credit Suisse outperform tp 3250p
9th july Canaccord sell tp 2580p
9th july ShoreCap hold -


Liberum:

ABF to bounce back from sugar hit
Primark-owner Associated British Foods (ABF) has been hit by headwinds in the sugar industry but earning are expected to rebound strongly.

Liberum analyst Robert Waldschmidt retained his ‘buy’ recommendation and target price of £33.40 on the shares, which rose 1.8% to £29.84 yesterday.

‘ABF reported solid Q3 trading in-line with guidance albeit hampered by stiff headwinds in sugar and adverse foreign exchange,’ he said. ‘Primark continues its expansion plans with high sales densities and stable like-for-likes while sugar remains negatively impacted by weak European Union sugar prices.

‘In our view, [2015 and 2016] are transition years for ABF although we expect earnings will rebound strongly by full year 2017 as the EU sugar industry consolidates and sugar profits recover. ABF offers compelling exposure to secular growth trends in retail over the next five to 10 years and Primark announced entry into Italy in spring 2016. We estimate Primark can double sales and profits over the next five years.’

[philanderer] 09/7/2015 20:57

Primark to debut in Milan

Clothing retailer nicknamed Primarni plans three stores in Italy with first branch in home of Armani, Prada and Versace



Telegraph market report:

The decision of discount fashion retailer Primark to venture into the Italian market next year helped Associated British Foods add 149p, or 5.1pc, to its share price, closing at £30.80. In a trading statement, the FTSE 100 company said its earnings expectations for the year were unchanged.

Primark is also due to open its first store in the United States in September. Darren Shirley, of Shore Capital, said he expects the stock to trade flat after yesterday’s update, but sees “scope for outperformance over the forthcoming couple of months as market excitement around the US store debut feeds into the share price”.

[philanderer] 09/7/2015 13:30

sticking to their guns ;-)

9th july Numis reduce tp 2598p

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No surprises for Associated British Foods investors

".....we would not discourage investors from buying on dips"





Broker Charles Stanley said: "With full-year 2016 expected to be adversely impacted by the effect of currency, both in Primark and Sugar, and a high valuation multiple, we stay with our 'reduce' recommendation, while noting the potential longer term opportunity offered by a successful expansion of Primark into the US."

proactiveinvestors(uk)

[philanderer] 09/7/2015 09:44

;-D

Analyst Darren Shirely at Shore Capital said he did not anticipate changing his financial estimates post today's update. He has forecast pre-tax profit of £999m, earnings per share of 95.5p that would represent a fall of roughly 8% on the previous year.

"We expect ABF's stock to trade flat post today's update, but see scope for outperformance over the forthcoming couple of months as market/ analyst excitement around the US debut feeds into the share price," he added.

[philanderer] 09/7/2015 09:44

;-D

Analyst Darren Shirely at Shore Capital said he did not anticipate changing his financial estimates post today's update. He has forecast pre-tax profit of £999m, earnings per share of 95.5p that would represent a fall of roughly 8% on the previous year.

"We expect ABF's stock to trade flat post today's update, but see scope for outperformance over the forthcoming couple of months as market/ analyst excitement around the US debut feeds into the share price," he added.

[philanderer] 09/7/2015 08:55

Well received :-)

[suetballs] 09/7/2015 08:14

Guidance maintained - bring on Primark USA.
Suet

[philanderer] 08/7/2015 09:10

8th july Davy outperform -
8th july Panmure sell tp 2630p

[philanderer] 07/7/2015 10:35

Associated British Foods : *GOLDMAN RAISES AB FOODS PRICE TARGET TO 3150 PENCE - 'BUY'

[philanderer] 07/7/2015 09:51

Chartwise, back to 2700p

[philanderer] 06/7/2015 20:31

Equity Analysts at Citigroup Reiterate their “Buy” rating for Associated British Foods PLC (LON:ABF). The Target is GBX 3300.00