Associated British Foods Share Discussion Threads

[philanderer] 12/9/2016 23:49

Fingers crossed TJ ;-)

[the juggler] 12/9/2016 21:41

Philanderer I am hoping that we both a correct and that this is well oversold. I saw this as my opportunity to invest here at what I think is a good price.

[philanderer] 12/9/2016 20:52

Added a few @ 2810p.

Well oversold I reckon.



'AB Food sells China sugar cane ops for $500 million - sources'

[mozy123] 12/9/2016 12:36

Large over reaction, currently down 9%.

A company that will make pre tax of £800m, dividend is extreamly well covered, and its markets/business are growing.

Just a shame I cant get more cash into my ISA until next week :(

[philanderer] 12/9/2016 11:05

It`'s a bad day to be reporting. I think we`d be -4% down today anyway without the update.

[tlobs2] 12/9/2016 11:01

To be fair in the overall picture the small hole in the pension pot is not a huge amount.

I think a great deal of the positive news in the trading update particularly about the growth of the Primark brand have been ignored.

[philanderer] 12/9/2016 10:16

ABF set for worst day since June as Primark bemoans weather

[philanderer] 12/9/2016 09:34

Primark’s owner ABF plunges into pension deficit as fashion and sugar arms sweetened by Brexit

[philanderer] 12/9/2016 09:21

This is going to hit a lot of companies...

"AB Foods upgrades earnings guidance but shares fall on pension deficit alarm"

[philanderer] 09/9/2016 20:46

Pre close Trading update on monday.

[philanderer] 09/9/2016 13:33

Primark unveils its Autumn Winter 2016 collection packed with 90s nostalgia and faux fur

[lefrene] 06/9/2016 10:03

I guess those BHS shoppers now go to Primark?

[philanderer] 06/9/2016 09:45

Goldman Sachs upgrades from 'sell' to 'neutral' ... tp increased from 2475p to 3100p

[philanderer] 03/9/2016 00:17

Primark highlights new licensed arrivals

[philanderer] 02/9/2016 17:17

Nice week :-)

[philanderer] 31/8/2016 09:16

Berenberg downgrades to hold , ups target from 2750p to 3000p

31st aug Deutsche buy tp 3200p
31st aug Liberum buy tp 3600p

reiterations

[philanderer] 30/8/2016 17:05

Only one blue for me today.

[philanderer] 30/8/2016 12:41

RBC note in full here:

[philanderer] 30/8/2016 10:45

Primark owner Associated British Foods is striding higher.

The company is up 64p or more than 2% at £30.14 following a positive note from analysts at RBC, who moved their recommendation from sector perform to outperform and raised their target price from £28 to £34. On Primark RBC said:

We think Primark is relatively well positioned as it is the cheapest retailer in the price-conscious UK apparel sector. It has also improved on customer perception for product and style according to our latest customer survey. In addition it has relatively high non-UK exposure (around 50% of Primark and around 57% of group sales) meaning it is relatively shielded from cost and currency pressures in the UK. We expect like for like sales to remain muted owing to a tough consumer backdrop and the lack of an ecommerce offer, however we have raised them slightly versus easy comparisons.

And on the company’s sugar business which has struggled recently, RBC said:

For Sugar a reduction in EU stock levels and a recent increase in world sugar prices have resulted in a strengthening in European sugar prices. This should help AB Sugar’s profit trajectory from next year. We also think an exit from China would be well received by the market and would further strengthen ABF’s already under- leveraged balance sheet.

[philanderer] 30/8/2016 09:45

Last week..

Opening of Primark in Lancaster.....169 new jobs :-)

[philanderer] 30/8/2016 09:27

Yep, Primark still doing the biz ... dog days :-D

[tlobs2] 30/8/2016 08:43

Nice start to the week :-)

[philanderer] 24/8/2016 11:26

Kepler Cheuvreux puting the boot in this morning ... initiating coverage with 'reduce' and 2700p target

[gateside] 23/8/2016 16:27

Good to see ABF back above £30

[philanderer] 23/8/2016 12:05

Primark in Lancaster to open tomorrow