Associated British Foods Share Discussion Threads

[philanderer] 23/4/2017 23:37

"Comeback time for Primark owner"

Foods-to-fashion conglomerate offers growth, income and resilience


Trading well south of their £35.99 five-year peaks, this is an opportune moment to buy shares in Associated British Foods (ABF) at £26.97. This year should see profits rebound strongly as the conglomerate’s sugar earnings recover and Primark’s phenomenal store roll-out progresses. Liberum Capital argues Associated British Foods ‘offers investors compelling exposure to secular growth

[philanderer] 21/4/2017 17:30

Good week and chart looking much better

[philanderer] 21/4/2017 10:22

Numis Ups AB Foods Price Target To 2,923p From 2,860p, Keeps Hold

[my retirement fund] 20/4/2017 18:12

Does anyone know if you can just buy the shares here and Chuck an away like their clothes?

[philanderer] 20/4/2017 13:37

updated:

20th april HSBC buy tp 3350p
20th april Goldmans buy tp 3000p
20th april Berenberg buy tp 3000p
20th april Soc Gen buy tp 3200p
20th april S&P Global strong buy tp 3200p
20th april Deutsche buy tp 3200p
20th april JP Morgan Caz overweight tp 3300p
19th april Credit Suisse outperform tp 3200p
19th april Liberum buy tp 3100p
19th april Barclays equal weight tp 3100p



19th april ++++ Results ++++

[philanderer] 20/4/2017 10:07

:-D

Primark – Gingham Dress Sees Fans Fighting After It SELLS OUT In The UK In A 'Landslide'

This gingham dress is one of the most desirable dresses of summer 2017 – and it’s only £15, although it is going on Ebay for twice as much already.

The blue gingham shift dress with frill sleeves ticks a number of summer 2017 trends.

Gingham is the print of the summer, while statement sleeves are all over the high street.

The dress takes its cues from the high end catwalk, where big names like House of Holland, Carolina Herrera, Peter Pilotto and Shrimps used the quaint print.

[philanderer] 20/4/2017 10:01

Back ABF for a decade of secular growth, says Liberum


Primark owner Associated British Foods (ABF) is offering ‘compelling exposure’ to secular growth trends for the next decade, says Liberum.

Analyst Robert Waldschmidt reiterated his ‘buy’ recommendation and target price of £31.00 on the stock after first half results the showed operating profit grew 36% year-on-year to £652 million. Earnings per share also increased 30% year-on-year.

The shares were trading up 1.8%, or 50p, at £27.67 at the time of writing.

‘Associated British Foods offers investors compelling exposure to secular growth trends in retail over the next 10 years,’ he said.

‘Primark remains well positioned to take market share and drive mid-teens sales growth in full year 2017/18…while Primark’s margin takes a hit near term from adverse transactional foreign exchange, there is scope for positive surprise if the industry raises prices to compensate higher sourcing costs.’

[philanderer] 20/4/2017 09:36

20th april Berenberg buy tp 3000p
20th april Soc Gen buy tp 3200p
20th april S&P Global strong buy tp 3200p
20th april Deutsche buy tp 3200p
20th april JP Morgan Caz overweight tp 3300p


reiterations

[philanderer] 19/4/2017 21:16

Primark Plans Biggest Expansion in a Decade as Sales Soar

[philanderer] 19/4/2017 14:10

Sugar sweetens profits at Primark owner ABF

[philanderer] 19/4/2017 08:59

Yep , delivered :-)

firs in:

19th april Credit Suisse outperform tp 3200p
19th april Liberum buy tp 3100p
19th april Barclays equal weight tp 3100p up from 3050p

reiterations

[tlobs2] 19/4/2017 07:14

Excellent results across the whole group it would appear. Well done.

[philanderer] 17/4/2017 13:54

Pep & Co losses soar after pricey push to take on Primark

[philanderer] 14/4/2017 08:09

First half results next wednesday

[philanderer] 13/4/2017 15:08

Investors were today urged to try Primark-owner Associated British Foods on for size, as Jefferies forecast a brighter future for the discount fashion behemoth.

ABF, which also makes Ryvita and Twinings tea, was catapulted to the top of the FTSE 100 as the broker elevated it to a Buy, eyeing improving margins at the high street retailer and a Brexit boost for its sugar business.

Jefferies lauded “remarkable price discipline” and warned rivals could be left in a sticky position amid rising costs. “Competitors will have to move up to defend profitability, especially given their greater exposure to trading down risks in the UK.”


London Evening Standard

[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.