Associated British Foods Share Discussion Threads

[festario] 10/11/2017 12:03

This is cheap now!

[philanderer] 10/11/2017 10:31

Really struggling to hold 3000p.

[philanderer] 08/11/2017 14:18

Now -7% since monday morning.

Chart support at 3100p seems broken . Next support looks to be 2960p

Disappointing.

[philanderer] 08/11/2017 13:07

more detail.. target price 3400p cut from 3585p


'Goldman Downgrades AB Foods On Sugar Prices, Slower Primark Growth'

[philanderer] 08/11/2017 08:57

Still a few sellers on the USA and sugar news.

No upgrades

8th nov JP Morgan Caz overweight tp 3600p
8th nov Deutsche buy tp 3500p
8th nov Jefferies buy tp 3600p

all reiterations

[philanderer] 07/11/2017 13:19

Bloomberg:

ABF, meanwhile, said Primark would downsize three of the stores it opened early on in its American assault.

ABF's move sends a worrying signal about Primark's American expansion. The shares fell 3.8 percent, the most in about two months, also reflecting worries about the conglomerate's sugar business.

The company described the move as "fine tuning," reflecting what it has learned so far about the market over the past two years. While having a smaller footprint makes no difference to sales, it can make the stores more efficient, increasing profit.

That's useful when you're investing heavily in a big and challenging market.It is also still adding space in the U.S.: it has extended its first outpost in Boston by 20 percent, and will open its ninth in Brooklyn next summer.As Gadfly has argued, Primark has a good chance of cracking the world's largest economy where other British household names have failed.

This is thanks in part to its ability to negotiate attractive deals with landlords keen to fill space as other retailers depart or downsize stores.

But Primark's decision to shrink certain outlets demonstrates that even its journey to building a meaningful U.S. presence won't be a straight line one. Its biggest challenge is raising awareness of the brand.Ironically, it was Primark's British stores that were the star of the show in the retail chain's full-year sales report.

But with the outlook darkening for the U.K. high street, and Primark's October sales likely to have been adversely affected by recent warm weather, ABF can't afford any slip-ups in the discount retailer's burgeoning international operation.

[gateside] 07/11/2017 13:07

Phil... Agree is a very good company.Wish all my other investments were as good!

[gateside] 07/11/2017 12:28

Fantastic company that is well set for the long term.At end of day broker forecasts don't matter over the long term.Bought these many years ago at less than £9 per share.My best investment by far and will continue to hold. It what the company does that matters not what some brokers forecast is.

[philanderer] 07/11/2017 10:23

Minnie Mouse powers ABF’s Primark

[philanderer] 07/11/2017 10:03

'Primark owner Associated British Foods sees profits jump'

[r ball] 07/11/2017 08:43

We're the results fantastic compared to forecast? No. That's why price is down.

[philanderer] 07/11/2017 08:43

7th nov Liberum buy -
7th nov ShoreCap buy -

[gateside] 07/11/2017 08:28

Fantastic results... It gets marked down!The Markets are crazy!!!

[suetballs] 07/11/2017 07:22

sp will drop as you say but the future looks good.
Suet

[tlobs2] 07/11/2017 07:21

Excellent results. The share price is bound to drop LOL !!

:-)

[philanderer] 03/11/2017 17:55

Full Year results due next tuesday.

[philanderer] 31/10/2017 21:02

Why Primark is working to 'do the right thing' - interview

[philanderer] 27/10/2017 09:43

Macquarie initiates with 'underperform' and tp 2900p

[philanderer] 23/10/2017 17:28

Closing at 2017 high.

[philanderer] 19/10/2017 08:14

19th oct Jefferies buy tp 3600p

reiterates

[philanderer] 16/10/2017 17:34

Strike ballot threat over pay at Kingsmill bakery in West Bromwich


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