Associated British Foods Share Discussion Threads

[suetballs] 13/4/2017 13:36

Good rise today - yippee.
Suet

[philanderer] 13/4/2017 08:49

Upgrade from Jefferies. Hold to BUY

Tp up from 2450p to 3100p

[philanderer] 13/4/2017 07:39

Credit Suisse cuts target price from 3550p to 3200p .. retains OUTPERFORM

[tlobs2] 10/4/2017 15:42

Reasonable progress being made today.

Looking forward to the next update from the company particularly the global growth of Primark and the overseas currencies coming in at advantageous exchange rates :-)

[philanderer] 10/4/2017 07:50

04/10/2017 | 07:11am CEST

THE PARENT company of bargain High Street fashion retailer Primark is looking for a new chairman to head up its mini-conglomerate business.

FTSE 100 company Associated British Foods (ABF) has been led by Charles Sinclair for the past eight years, but is now seeking a successor, Sky News reported this weekend.
The firm owns several food brands, including Silver Spoon sugar, Dorset Cereal and Ryvita. It has seen strong growth over the past few years, but recently issued a warning that currency devaluation threatened profits at Primark.

It is understood that headhunter Spencer Stuart has been appointed to find a new chairman for the company. ABF declined to comment.
(c) 2017 City A.M., source Newspaper

[gateside] 08/4/2017 10:44

Good article, apart from the fact they say that Primark are an Irish company!

[philanderer] 08/4/2017 07:29

Prepare to Drop Serious Dough at Primark

[philanderer] 07/4/2017 19:03

Bit of a late sell off there

[philanderer] 04/4/2017 18:01

Top FTSE100 faller today

A.b.food (ABF) 2,531.00 -2.95%
Morrison (Wm) (MRW) 230.90 -2.86%
Sainsbury(j) (SBRY) 257.40 -2.20%


Possible it`s a read across from comments on those ASOS results...

'The fall in the pound has boosted its international sales, however its UK margins have come under significant pressure due to heavy discounting in order to maintain market share,' said Michael Hewson, chief market analyst at CMC Markets UK.

[philanderer] 04/4/2017 15:54

Something's not right here today.

ABF may be guiding down on expectations before those results in two weeks.

Whatever it is , chartwise may have to test that 2017 low of 2360p.

Shares are being dumped royal in the last half hour .

[tlobs2] 04/4/2017 12:00

Back up to 28000 I think with all the good news and Primark growth.

I have just added more into my SIPP.

[mbmiah] 04/4/2017 11:51

Back down to 2300 level I think

[philanderer] 04/4/2017 11:46

Relentless selling , 6 week low on the share price now.

Interims two weeks away.

[philanderer] 04/4/2017 09:37

Read across from ASC ?

edit:

or a TATE thing ?

[sammarcwhite] 02/4/2017 21:52

Those sports nutrition acquisitions are excellent - H5 is a very well respected brand, profitable and growth potential into Europe is high. Reflex has an outstanding manufacturing facility and could handle more growth through existing site. Exciting move in my opinion.

[philanderer] 31/3/2017 09:15

31st march Barclays equal weight tp 3050p

reiterates

[philanderer] 30/3/2017 23:32

'Poundland to expand low-cost fashion brand to compete with Asda'

[philanderer] 26/3/2017 16:48

ABF bulks up with double dose of sports nutrition deals

Primark and British Sugar owner ABF is attempting a £60m health kick after buying two sports nutrition companies favoured by muscle men and marathon runners.

The FTSE 100 company has snapped up Reflex Nutrition, which sells tubs of protein supplements online, and High 5, which produces energy gel sachets for athletes on the go.

[philanderer] 23/3/2017 15:52

23rd march Liberum buy tp 3100p

reiterates

[philanderer] 23/3/2017 10:02

Good read across from NXT

[philanderer] 23/3/2017 09:35

Lot of publicity yesterday and this morning..


Primark URGENTLY recalls children's leggings over health and safety: 'We're taking it very seriously'

[tlobs2] 20/3/2017 08:06

It looks like Primark is booming around the World. Good time to look for a buyer ;-)