Associated British Foods Share Discussion Threads

[philanderer] 17/3/2017 20:27

'Take a look at New York’s first Primark!'

[philanderer] 16/3/2017 19:38

'Primark takes its first bite of the Big Apple'

Outlet in Staten Island Mall is chain’s seventh US store

[philanderer] 15/3/2017 23:10

Primark moving out of Rotherham town centre "to grow retail space"

[philanderer] 15/3/2017 13:14

Outside signage just being screwed up on the new Primark in uxbridge :-)

[philanderer] 14/3/2017 09:34

14th march JP Morgan overweight

reiterates

[philanderer] 06/3/2017 23:41

British Sugar plc is a subsidiary of Associated British Foods and the sole UK producer of sugar from sugar beet


'Tesco ditches UK sugar suppliers in favour of imported produce from thousands of miles away'

Tesco has sparked outrage by pulling British sugar from its shelves - despite one of its biggest stores being right next to the factory that makes it

Read more at:

[philanderer] 03/3/2017 13:21

3rd march Liberum buy tp 3100p

reiterates

[philanderer] 28/2/2017 08:40

updated:

28th feb Goldmans neutral tp 2750p
28th feb Deutsche buy tp 3200p
28th feb HSBC buy tp 3350p
27th feb Shorecap buy -
27th feb Liberum buy tp 3100p
27th feb RBC outperform tp 3300p
27th feb Numis add tp 3128p
27th feb Barclays equal weight tp 3050p


27th feb ++++ trading update ++++

[mbmiah] 27/2/2017 17:37

Hoping a double bottom will form.....to 23xx to get back in

[philanderer] 27/2/2017 10:44

Good enough for me.

First up..
27th feb Shorecap buy -
27th feb Liberum buy tp 3100p
27th feb RBC outperform tp 3300p

reiterations

[tlobs2] 27/2/2017 10:32

It's a little like when you listen to the "good news stories" on the TV and radio.

Irrespective of how good the news is they always have to end it with a BUT !

[1gw] 27/2/2017 10:07

I don't think there are many idiots presenting CNBC's key shows.

As I read the TU, ABF has had a good half. It is however confirming guidance for the year, not increasing it.

Specifically on Sterling currency weakness it comments that most of the translation benefit is now in (because sterling weakened in June 2016, part way through 2HFY16), so there won't be so much translation benefit to come YoY in the 2HFY17 results. On transaction exposure though, it comments that hedges for 2HFY17 have been put on at less favourable rates than for 1HFY17, hence the pressure on margins in Primark.

Looking ahead, everything else being equal (which of course it won't be), as ABF gets into FY18 YoY translational gains can be expected to be minimal (because 1H FY17 was already at the lower sterling levels) whereas Primark margin pressure can perhaps be expected to increase (because 1HFY18 hedges are likely to be at worse rates than 1HFY17).

[tlobs2] 27/2/2017 09:34

The idiot who picked that bit of negativity out obviously hadn't read the entire document. Had he or she done so then it would be clear that the huge improvements elsewhere in the business will far outweigh any minor falls in one sector.

[bonio10000] 27/2/2017 09:10

CNBC would as they are still banging on the Brexit agenda.

Maybe ABF should process more in the UK then.

I would also think the gain on exports and translation of overseas profits in sterling outweighs this.

[1gw] 27/2/2017 09:00

"the full effect of sterling weakness against the US dollar on Primark's purchases will result in a greater margin decline in the second half because our currency hedges were at more advantageous exchange rates in the first half"

This was the bit picked out by CNBC this morning.

[tlobs2] 27/2/2017 07:35

That is what you call a trading update !!!

Well done :-)



Edit: And despite that the share price falls. DOH !!!

[suetballs] 27/2/2017 07:15

Trading update - what's not to like?
Suet

[mbmiah] 24/2/2017 08:25

Update on Monday morning

[mbmiah] 20/2/2017 15:52

Yeah cheers for that tlobs Maybe they will come back in 6 months with a better offer - I doubt it. Or, they could buy chunks of ABF....the food bit that is.

[tlobs2] 20/2/2017 10:21

mbmiah...

Kraft Heinz is backed by Berkshire Hathaway and it is run by Warren Buffett’s favorite deal-making partner, Brazilian private equity firm 3G Capital. To date, Buffett has only participated in friendly merger transactions negotiated by 3G Capital’s deal extraordinaire partners. Perhaps 3G Capital and Kraft Heinz will go back to the drawing board on their deal strategy, either through a negotiated transaction with Unilever or setting their sights on another target.

[philanderer] 20/2/2017 09:41

Reaction to Kraft withdrawal

[mbmiah] 17/2/2017 21:19

You never know, Kraft wanting Unilever......come and get some ABF you know you want it Buffet

[tlobs2] 17/2/2017 15:10

He might sell a few divisions off ;-)

[philanderer] 17/2/2017 13:41

That`d take some doing tl.....George Weston owns nearly 55% of the company ;-)

[tlobs2] 17/2/2017 13:26

Kraft Heinz confirms it has approached Unilever about a deal that could be worth over £100bn.


I wonder if any or all the parts of ABF look attractive to a foreign buyer?