Associated British Foods Share Discussion Threads

[philanderer] 22/11/2016 20:49

Primark reveals opening date for York city centre store

[philanderer] 22/11/2016 16:59

Agreed ...short term chart resistance looks to be 2630p

[mazeltov] 22/11/2016 15:28

Much undervalued at the moment as we are now in the most profitable quarter and going forward on all fronts

[salpara111] 18/11/2016 12:40

I've been looking at this stock over the last few weeks with a view to taking a stake.
I guess the fundamental issue I have is the fact that it trades on a rather punchy forward p/e of 23 and the divi is pretty skinny.
It does not help when I read a review in IC which has a sell recommendation.
I am still tempted as I feel that the current price is reasonably well supported.

[philanderer] 17/11/2016 15:04

17th nov Liberum buy tp 3500p

reiteration

[philanderer] 17/11/2016 10:42

UK retail sales surge in October on colder weather

Warm clothing demand powers stronger than forecast 7.6% annual rise

[philanderer] 16/11/2016 13:49

Primark launches emoji keyboard to boost brand awareness around Christmas

[philanderer] 14/11/2016 16:35

What a sh*te day :-(


FTSE 100 Fallers

Severn Trent (SVT) 2,095.00 -3.77%
Sse (SSE) 1,436.00 -3.17%
A.b.food (ABF) 2,516.00 -3.16%

[philanderer] 14/11/2016 09:45

:-)


14th nov Barclays equal weight tp 3050p

reiterates.

[capracomp] 14/11/2016 08:54

Well according to my wife it seemed every single shopper walking around Truro had a primark bag from the new store yesterday.

[philanderer] 11/11/2016 18:48

Primark owner Associated British Food edged up 55p to £25.98 after Numis hiked its rating to “buy” from “add” citing “solid” full-year results.

[philanderer] 11/11/2016 14:08

Stronger £ helping today.

[philanderer] 10/11/2016 15:27

updated:

10th nov Soc Gen buy tp 3150p
9th nov Kepler hold tp 2700p
9th nov Jefferies hold tp 2450p
8th nov Barclays equal weight tp 3050p
8th nov Liberum buy tp 3500p

8th nov +++++ Results +++++

[philanderer] 10/11/2016 10:20

I was in uxbridge yesterday and the new Primark is due to be open there next year. Bit of a mess at the moment :-)


'Primark opens first Cornwall store'

[mozy123] 09/11/2016 19:15

Walked past the new one in Sheffield today - very smart.

[philanderer] 09/11/2016 17:14

Primark plans further US store expansion in 2017

Anglo-Irish value fashion retailer Primark is to expand further in the US with plans to open two Massachusetts locations and one in New York, as well as enlarging its Boston store.

[philanderer] 09/11/2016 13:41

9th nov Kepler hold tp 2700p

upgrade

[philanderer] 08/11/2016 10:51

Mike van Dulken, head of research at Accendo Markets, said:

Markets [have reacted] very positively to better than expected full year growth (sales, profits, selling space), helping shares extend an October bounce to levels last seen in late September. A global bond rally reducing financing costs coupled with lower tax and helpful foreign exchange moves are helping sugar margins (already up on better global sugar prices), bringing focus back to the ‘ingredients/agriculture’ segment to prove that the ABF story can still be something other than discount fashion and Primark.

The latter’s margins are still likely to suffer as a result of a weak pound/dollar rate, but markets are clearly glad that the overall negative effects to date (and forecast) are no more than the company had previously guided to.

[philanderer] 08/11/2016 10:20

8th nov Barclays equal weight tp 3050p

retains

[philanderer] 08/11/2016 09:16

That`s the ABF we know ;-)


edit:

Robert Waldschmidt, consumer sector analyst for Liberum Capital, in a note this morning, said: “Despite short-term concerns, ABF’s long-term fundamentals appear robust and we retain our conviction that Primark and Sugar will power mid-term profit growth.

“ABF offers investors compelling exposure to secular growth trends in retail over the next 10yrs.”

Liberum rates ABF as a ‘buy’, and its £35 per share price target suggests nearly 40% upside to the current share price of £26.11.

proactiveinvestors.co.uk

[invisage] 08/11/2016 08:54

Hopefully back to £30 plus here

[tlobs2] 08/11/2016 08:15

BOOM!

Well worth the wait :-)

[philanderer] 07/11/2016 13:20

Makes you think :-O


Only 10 companies control almost every large food and beverage brand in the world. These companies — Nestlé, PepsiCo, Coca-Cola, Unilever, Danone, General Mills, Kellogg's, Mars, Associated British Foods, and Mondelez — each employ thousands and make billions of dollars in revenue every year.

[philanderer] 06/11/2016 09:58

Primark owner to boost profits despite struggling in older stores


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