Associated British Foods Share Discussion Threads

[philanderer] 09/3/2016 23:56

SLIDESHOW: Sneak peek into new Lancaster Primark store

[philanderer] 08/3/2016 23:28

Animal feed firm in Peterborough reacts to demand with new acquisition

Read more:

[philanderer] 08/3/2016 11:55

'I don't like setting targets' - How Primark plans to forge its own path for ethical and environmental change

[philanderer] 08/3/2016 09:04

And another

Recruitment day for 200 jobs at Primark distribution centre taking place in Kettering tomorrow

[philanderer] 07/3/2016 12:59

New Primark in Lancaster coming 2016 ... recruiting

[philanderer] 07/3/2016 10:06

Exactly Gateside , morning :-)

Frenzi ‏@GetFrenzi

It's #TwitterTeaParty! RT & Follow to WIN Limited Edition - Queen's 90th Birthday Tea! @TwiningsTeaUK!

[gateside] 04/3/2016 23:47

philanderer... Thanks for all the posts on ABF and interesting newsflow you post. Much appreciated.

Yes The Mail must have been hard up for a story.

It's interesting too, that when ABF is mentioned in the press, these days all they seem to want to mention is Primark!

[philanderer] 04/3/2016 23:25

The Mail must be struggling for a story by carrying this big splash headline.... and all Barclays did was change from 'overweight' to 'equal weight' leaving the target of 3400p unchanged !!

MARKET REPORT: Primark could be set for a downturn as analysts downgrade stock amid concerns about firm's push into America

It has carved a profitable niche on the High Street with its budget chain Primark, but Associated British Foods could be set for a spell of bad luck.
Analysts at Barclays have downgraded the stock over concerns about Primark’s push into America, and disappointing forecasts for the group’s sugar business.
ABF is one of the few conglomerates left standing and owns brands as diverse as Ovaltine, Ryvita and Kingsmill bread. But Primark and British Sugar have always been its key businesses.


Florence Dohan at Barclays downgraded the firm to equal weight saying ‘success in the US market is not a given’ for Primark.
In September it opened its first America shop at the former home of department store chain Filene’s in Boston, and earmarked a further seven new stores for cities across the country as well as a ninth store in New Jersey.
Dohan warns the business faces three threats in the US.

Firstly Primark is not known in America and has chosen not to advertise its openings outside social media and a PR campaign focused on the fashion industry.

‘This is consistent with Primark’s approach not to resort to more expensive advertising campaigns but to rely on word of mouth,’ she says.
‘However, this has resulted in more muted openings than the typical widely expected European stores openings.’


Secondly Americans like sales and Primark prefers to sell its products at permanently low prices all year round.
She said: ‘This might result in Primark changing its business model.’
Thirdly Americans buy fewer items per square foot than in Europe, something called sales density, with prices typically lower.

‘There is structurally lower sales density in the US market,’ she said. ‘As such average selling price per unit of apparel on the US market was $16.3 in 2014 vs. $29.7 in Western Europe.’

When rival H&M launched in the US it made a bigger splash. In the first half of 2000, within 10 months of its US opening, sales per store in the America were four times higher than those in Sweden beating expectations. It ramped up its expansion plan rolling out 21 stores within 22 months.
In terms of the sugar business EU quotas will be removed in October which should mean lower costs and improving selling prices.

While this should mean the business will be more stable it will never bounce back to previous levels. Dohan says: ‘We do not expect sugar to become the substantial profit centre it used to be.
ABF’s sugar business accounted for 32 per cent of group operating profit in 2013. Since then, the division’s contribution to group operating profit has fallen to 10 per cent last year, driven by lower world and EU sugar prices.’

She forecasts it will contribute 11 per cent of group operating profit in 2017.
Despite the gloom the shares nudged up 51p to 3341p.

[philanderer] 04/3/2016 09:28

must have been yesterday..

Associated British Foods PLC (LON:ABF) had its stock rating downgraded as ‘Equal weight’ in a report released by analysts at Barclays Capital.

Barclays Capital set a target price of 3400 on the company’s stock

[philanderer] 03/3/2016 17:32

Associated British Foods plc (LON:ABF)‘s stock had its “underperform” rating restated by investment analysts at RBC Capital in a research note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 3,000 target price on the stock.

[philanderer] 02/3/2016 23:34

Frenzi ‏@GetFrenzi 66 hours ago
Love at first sip💝@TwiningsTeaUK RT & Follow for a chance to Win a deal buy 1 and get 1 half price! #TwitterTeaParty

[mr aboii] 01/3/2016 20:50

WELCOME TO Associated British Foods PLC _ ACTIVE INVESTORS CLUB (ABF)

[philanderer] 29/2/2016 16:32

Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating restated by stock analysts at Liberum Capital in a research report issued on Monday, AnalystRatings.NET reports. They currently have a GBX 3,800 price target on the stock.

[philanderer] 26/2/2016 23:34

Investors Chronicle

Buy: Associated British Foods (ABF)

[philanderer] 26/2/2016 17:13

Primark reveals opening date for The Fort Shopping Centre

[philanderer] 26/2/2016 10:08

Investec reiterates 'buy'.... increases tp from 3600p to 3770p

[philanderer] 25/2/2016 14:39

25th feb Berenberg hold tp 3450p

reiterates

[philanderer] 24/2/2016 18:02

Smart buying got us back on track, says Primark finance boss

[philanderer] 23/2/2016 20:22

The owner of Primark has joined firms refusing to sign a letter opposing Britain's exit from the EU.

John Bason, finance boss at Associated British Foods, said: "It has always been our policy to make no comment." Sainsbury's, Morrisons and Tesco have also refused to support the letter from Britain's biggest firms to be published today. It is understood more than half have signed. Primark's move came as ABF signalled sales at the chain could be up 7.5% in the past year, thanks to bumper trading and opening new stores. Bason also predicted that a slump in sugar prices, which had hit its sugar producing arm, had bottomed out.

[philanderer] 23/2/2016 09:48

Primark targets Florence store in 2017

[philanderer] 22/2/2016 19:59

Primark growth still a concern at ABF

A trading update from ABF has pleased investors, but Questor remains concerned about Primark's growth

Associated British Foods
£32.95 +40p
Questor says SELL

[philanderer] 22/2/2016 13:40

Credit Suisse ups target on Associated British Foods