Associated British Foods Share Discussion Threads

[basil brush1] 12/1/2017 08:12

no upgrade. the PE is very high. borkers with holds an tp of 2450 not exactly promising.

[philo124] 12/1/2017 07:53

Hi phil, fancy you being here. 1st time I've looked at this share. Great update.
I was interested as I was very impressed with Primark pre xmas stock selection and pricing.
Will look further at this.

[philanderer] 12/1/2017 00:30

:-)


'Hines wins Primark as prime tenant for "ZOOM" Berlin'

January 11, 2017

Berlin: Hines has the fashion retailer Primark recovered as main tenant for its 16,900 square meter, a new office building in Berlin.

The Irish-based retail company will rent approximately 6,485 sqm of sales space for a total of approximately 11,400 sqm of retail space in the "ZOOM", which is located in the City West, directly between Bahnhof Zoo and Kurfüstenstraße.

Primark has signed a long-term leasing agreement for sales areas from the ground floor to the second floor. The handover will take place in 2018.


With its 150 m long three-storey glass façade, "ZOOM" offers not only the road to the highest brand awareness, but also large-scale advertising opportunities on the railway side.

[gateside] 11/1/2017 17:47

Followed by Ryvita.

[gateside] 11/1/2017 17:11

Twinnings Tea and Jordan's Cereal for breakfast then!

[philanderer] 11/1/2017 17:05

Trading update tomorrow. Fingers crossed

[philanderer] 10/1/2017 23:36

Twinings Tea ‏@TwiningsTeaUK 9 hours ago

Fill your cupboard with sunshine, with our newly designed packs of infusions:

[philanderer] 06/1/2017 09:59

Associated British Foods making progress, says Jefferies

Jefferies expects Primark owner Associated British Foods (ABF) to make progress on earnings this year.

Analyst James Grzinic retained his ‘hold’ recommendation and £24.50 target price. The shares rose 75p to close 2.9% up at £26.85.

‘We model for ABF’s first quarter update to confirm a return to positive like-for-like at Primark, and a reiteration of guidance for progress in earnings before interest and taxation and earnings per share in 2016/17,’ he said.

‘We expect this to be largely anticipated by investors, and note unhelpful inflections in dollar/euro, freight and cotton costs, and to some extent sugar.’

Although progress was being made, Grzinic said the valuation still remained ‘pretty full’. Last month ABF said its sugar business had benefited from price increases and cost cutting but that its discount clothes chain Primark was suffering margin pressure.

[philanderer] 06/1/2017 09:57

'High Street Christmas sales figures fail to sparkle'

High Street sales fell in December for the fourth year in a row, as shoppers shifted more Christmas shopping online.
Sales were 0.1% lower than in December 2015, according to BDO's High Street Sales Tracker, with consumers spending more on home wares but less on fashion.

[basil brush1] 06/1/2017 09:26

what borkers advise a switch from stock on 10X PE and 8% yield to one on 25X and 1% yield? stupid idea. no trusting them borkers.

[basil brush1] 05/1/2017 13:37

gap filled perfectly

[philanderer] 04/1/2017 13:39

Totally agree tl. Added this morning as well:-)



'Swap Next for Primark owner ABF, analysts suggest'

[tlobs2] 04/1/2017 12:09

Just added another block for the SIPP so no rush for a return to 3200p just yet.

It is crazy that a modest fall in sales at NEXT can trigger falls elsewhere especially when ABF profits are generated by so many diverse businesses around the Globe.

[philanderer] 04/1/2017 08:57

NXT downgrades and read across this morning

[philanderer] 03/1/2017 20:38

STATEN ISLAND, N.Y. -- Primark -- the European retailer subletting space from Sears in the Staten Island Mall -- has set up a recruitment center to hire more than 200 employees for its new store opening on March 16

[essentialinvestor] 03/1/2017 16:10

DB certainly soured sentiment on non food retail today, had a token amount of NXT,
not brave enough to make a decent sized buy

[philanderer] 03/1/2017 14:03

One of the Guardian newspaper tips for 2017..

Associated British Foods

Shares in Associated British Foods have fallen from their 2016 peak, on concerns about a slowdown at its discount retailer Primark and the outlook for its sugar business. But a recent update reassured investors, with Primark’s expansion continuing and sugar recovering as prices move higher and cost-cutting benefits start to take hold. There are concerns about the effects of the weak pound on Primark’s products sourced from abroad but opening 1.3m square feet of new store space next year should still help to fuel growth, although margins are expected to come under pressure. Even so, the shares at £27.45 could have further to rise.

[philanderer] 03/1/2017 09:54

3rd jan Deutsche buy tp 3200p

[philanderer] 20/12/2016 09:59

20th dec Deutsche buy tp 3200p

reiterates

[philanderer] 16/12/2016 09:33

Morning G , fingers crossed :-)

Soc Gen upgrading from 'hold' to 'buy' this morning.

[gateside] 14/12/2016 15:22

Thanks for the heads up about ExDiv. With any luck this looks like it's heading back above 3000p in the New Year.

[philanderer] 14/12/2016 14:42

xd tomorrow morning for the 26.45p payment

[philanderer] 13/12/2016 18:39

Primark to open first NY store on Staten Island in March

[philanderer] 09/12/2016 14:29

Primark owner ABF sees shares jump despite warning on margins