Associated British Foods Share Discussion Threads

[suetballs] 06/7/2017 07:12

Excellent TU today. And Primark had a good quarter - even the US seems to be progressing ok.

Suet

[philanderer] 04/7/2017 11:12

4th july Goldmans buy tp 3200p

reiterates

[philanderer] 30/6/2017 15:04

Trading update next thursday.

[philanderer] 30/6/2017 09:38

30th june HSBC buy tp 3700p
30th june Deutsche buy tp 3200p

reiterations

[philanderer] 29/6/2017 13:58

Ensus, Vivergo to lead rebound in EU ethanol output this year

The ramp-up in ethanol production by the UK's Ensus and Vivergo plants, which has driven the country back to net imports in wheat, will lead a bounce in European Union output of the biofuel to a record high.

Vivergo plant, owned by Associated British Foods

[philanderer] 29/6/2017 10:02

ABF poised for re-rating, says Jefferies


Primark-owner Associated British Foods (ABF) is poised for multiple expansion, according to Jefferies. Analyst James Grzinic retained his ‘buy’ recommendation and target price of £35.00 on the stock ahead of third quarter results on 6 July. The shares were trading up 0.7%, or 21p, at £29.79 at the time of writing.

‘ABF’s strong outperformance of recent months should be underpinned by a return to positive like-for-likes at Primark in Q3,’ he said.

‘This is a critical step in the rerating process. We still see ample scope for further multiples expansion, with the potential for Primark’s margin rebuild the critical catalyst in H2 2017.’

He added that the company showed ‘strong growth, free cashflow, and [is] clearly underleveraged’.

[philanderer] 28/6/2017 14:42

Nice :-)

Twinings Tea‏Verified account @TwiningsTeaUK 40m40 minutes ago

Our iced Strawberry & Mango infusion is sure to add colour to your day. Find the recipe here

[philanderer] 27/6/2017 08:49

27th june Liberum buy tp 3150p
27th june JP Morgan Caz overweight tp 3300p

reiterations

[philanderer] 25/6/2017 19:41

Associated British Foods : Workers at South Africa's Illovo sugar farms to strike over pay

[philanderer] 20/6/2017 16:27

20th june Goldmans buy tp 3200p

reiterates

[philanderer] 07/6/2017 11:09

HSBC reiterates BUY.....target 3700p

[philanderer] 07/6/2017 09:07

Xd tomorrow morning for 11p

[philanderer] 07/6/2017 08:09

Deutsche reiterating BUY. tp. 3200p

[philanderer] 02/6/2017 12:53

And failing so far. ;-)

[philanderer] 01/6/2017 17:21

Trying to hold above :-)

[suetballs] 30/5/2017 15:01

Testing £30 again - nice to see.
Suet

[philanderer] 24/5/2017 08:55

Jefferies note yesterday......

ABF has turned around Primark, says Jefferies
Price cuts at Associated British Foods (ABF) owned Primark caused concerns at Jefferies last year but the retailer has turned it around this year.

Analyst James Grzinic retained his ‘buy’ recommendation and increased the target price from £31 to £35 after another visit to Primark stores in the UK and Europe. The shares gained 32.4p, or 1.1%, to £29.39 on Tuesday.

‘In May 2016, we flagged concerning evidence from Primark stores. The retailer was displaying sharp, unplanned mid-season price cuts. By last September, ABF warned of another drop in Primark margins to come in 2016/17, causing a further contraction in multiples,’ he said.

‘We return to Guildford one year on as buyers of ABF, with evidence from stores and competitors supportive of a more positive stance.’

He added that he expected competitors with longer lead times ‘to drive even greater inflation in the autumn/winter season, allowing Primark margins to rebuild from a trough of 9.7% this year to 10.5% in two years’ time’.

[philanderer] 23/5/2017 09:17

23rd may Jefferies buy tp 3500p up from 3100p

[philanderer] 18/5/2017 18:51

(ShareCast News)

- Analysts at Goldman Sachs raised their target price on shares of Associated British Foods, pointing to the company's differentiated positioning and potential upside from its Click & Collect model to back up their case.
The investment bank also emphasised the fact that, unlike peers, higher input costs were already baked into its estimates for fiscal year 2017 gross margins.

Together with a roughly 10% rate of growth in space and a return to expansion for like-for-like sales to 1%, that would drive increases of about 13% in operating profits for each year between 2017 and 2021.

On the back of the above, Goldman marked its target on the shares up from 3,000p to 3,200p, while reiterating a 'buy' recommendation.

Ahead of the company's next trading update, scheduled for 6 July, Goldman cited two main risks investors should watch out for.

The first of those was strength in the pound, because 57% of the firm's sales originate form beyond the UK, followed by the risk of any further deterioration in the European clothing market which could drive a lower EBIT performance at ist Primark unit.

[philanderer] 18/5/2017 10:20

18th may Goldmans buy tp 3200p up from 3000p

[philanderer] 17/5/2017 12:31

17th may HSBC 'buy' tp 3700p up from 3350p

[broadwood] 11/5/2017 14:27

phil - doesn't seem a widely held stock judging by this board. But that's no deterrent.

I sold out back in 2007. Still regretting.

[philanderer] 11/5/2017 13:21

Afternoon bw , nearly all the brokers give 3000p + targets now.