Associated British Foods Share Discussion Threads

[philanderer] 03/9/2015 09:24

2nd sept Berenberg buy tp 3450p

reiterates

[philanderer] 02/9/2015 12:58

Associated British Foods plc (LON:ABF)‘s stock had its “neutral”; rating reaffirmed by Nomura in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 2,815 ($43.39) price objective on the stock.

[philanderer] 27/8/2015 00:04

'Primark Has Chance of Success in America — Market Talk'

[philanderer] 21/8/2015 18:21

Market Report: Primark sales and profits to double with US entry says broker

[philanderer] 21/8/2015 10:21

21st aug Liberum buy tp 3340p

reiterates

[philanderer] 21/8/2015 00:37

Two Primark stores in Birmingham announce opening dates

[philanderer] 17/8/2015 16:34

Looks like a breakout.


RBC Capital Markets Reiterated Associated British Foods (LON:ABF) As “Sector Perform”; Has Price Target Of GBX 3200

Read more:

[philanderer] 14/8/2015 09:09

14th aug Liberum buy tp 3340p

reiteration

[philanderer] 13/8/2015 12:17

'Primark is latest name to sign up for £60m Rushden Lakes scheme'

[philanderer] 12/8/2015 20:49

Open in Ghent :-)

[philanderer] 12/8/2015 13:21

12th aug Liberum buy tp 3340p

reiterates

[philanderer] 11/8/2015 20:30

Irish clothing retailer Primark opening eight stores in USA

[philanderer] 10/8/2015 20:52

USA... september 10th

'This European Fashion Brand Will Replace All Your Go-To Stores'

[philanderer] 07/8/2015 12:20

1000 shoppers attend the opening of 289th Primark

[alphahunter] 07/8/2015 00:32

UBS downgraded Associated British Foods to 'neutral' from 'buy' and removed the stock from its 'key call' list, saying the valuation now reflects near-term US upside, but raised the price target to 3,180p from 3,050p as it rolls forward its estimates.
It said the success of Primark's upcoming US entry is critical to the current investment thesis, adding that with near-term cyclical challenges such as gross margin pressure and operational challenges in Sugar, the risk/reward is balanced.

With Primark's entry into the US imminent, UBS took a look at potential scenarios around the openings.

The bank's upside scenario, based on Primark's successful roll-out in Germany, suggests US sales could reach £345m by year 7, with a 1% market share, or around 15% of the current market cap. It said that should the US entry prove unsuccessful, there is limited downside.

"We estimate exit costs of less than 1% of the market cap, given the leasehold nature of the agreements, and hence the US opportunity is a risk worth taking in our view."

UBS said the fundamental attractions of Primark remain, with the brand still relatively underpenetrated in Europe.

[philanderer] 06/8/2015 13:19

ABF all bought up ahead of Primark’s US launch, says UBS


Primark owner Associated British Foods (LON:ABF) is all bought up, according to UBS, which today cuts its recommendation to ‘neutral’;.

Analyst Sophie Hughes says Primark’s upcoming launch in the United States is critical to the share’s investment thesis, and the current market value already prices in success both in America and Europe.

Hughes estimates the US venture could add up to £345mln to annual sales, about 15% of the company’s current value, though this assumes that it manages to capture a 1% market share over a seven year period.

“If the US stores debut as strongly as in Germany/ France, management indicates that it will be looking at ways of rolling the model out nationally, which could in theory be relatively easy to achieve if Primark continued to use the Sears platform (Sears have c. 1700 stores in the US),” Hughes said in a note.

“However, we wait for some tangible data points from the US before concluding that a national roll-out is imminent.”

Whilst the analyst at the moment doesn’t see much upside, neither does she see a great deal of risk if the American launch fails


proactiveinvestors.co.uk

[philanderer] 06/8/2015 09:09

"Primark to open in Walsall today"

The High street fashion chain, Primark, opens its new store in Walsall today.

The Council has invested £7 million pounds into the development as part of plans to transform the Old Square Shopping Centre.

This is the retailer's 169th store in the UK and 289th store in total.

[philanderer] 05/8/2015 20:26

Allied Bakeries confirms job cut plans




First look at Primark's Autumn Winter 2015 collection

[philanderer] 05/8/2015 09:15

€ = 69.7p


Global sugar glut to grow as India prepares to flood the market with the sweetener
Prices have fallen to the lowest in six years and it looks like there's further to go

[philanderer] 04/8/2015 09:29

4th aug Berenberg buy tp 3450p up from 3200p

[philanderer] 03/8/2015 12:05

3rd Aug RBC Capital sector perform tp 3200p

reiterates.

[philanderer] 03/8/2015 10:19

Primark store set to open in Walsall

[philanderer] 31/7/2015 19:21

31st july Sanford C Bernstein market perform tp 2800p

reiterates