Associated British Foods Share Discussion Threads

[tlobs2] 14/2/2018 10:56

There have been several well respected brokers recently pitching 3500p or thereabouts as a reasonable price. I'd be happy with 3450p ;-)

[philanderer] 14/2/2018 09:27

14th feb Deutsche buy tp 3500p

reiterates

[philanderer] 06/2/2018 17:34

6th feb Barclays overweight tp 3380p

reiterates

[philanderer] 04/2/2018 09:51

Primark makes room at the top


The Times

Primark has bolstered its executive ranks with the appointment of James Mooney, a former senior executive at Topshop. Mooney took over the role of director of merchandising at the Irish retailer, which is owned by Associated British Foods (ABF), last month

[philanderer] 30/1/2018 13:27

'Allied Bakeries launches Kingsmill Super Seeds bread'

[suetballs] 30/1/2018 08:30

Sold a few this am and invested in dpeu. Can't see much upside here at the moment.

Already hold dom where good figures issued today.

Suet

[philanderer] 29/1/2018 10:08

29th jan Macquarie underperform tp 2600p cut from 2800p

[philanderer] 25/1/2018 12:29

25th jan RBC sector perform tp 2900p cut from 3100p

[philanderer] 24/1/2018 10:28

24th jan Goldmans neutral tp 3000p cut from 3400p

[philanderer] 19/1/2018 09:47

19th jan Soc Gen buy tp 3300p cut from 3650p
19th jan JP Morgan Caz overweight tp 3600p
19th jan Deutsche buy tp 3500p
19th jan ShoreCap buy -
19th jan Liberum buy tp 3500p


reiterations.

[gateside] 18/1/2018 17:25

All the other parts of the business are doing very well. And the Markets focus on the one bit that isn't. Typical!!!

[sandeep67] 18/1/2018 14:28

I thinks it's negative as Ab now expecting a greater fall in the sugar unit this year. Market hasn't fully absorbed the negative so expecting number crunch for tomorrow's overnight Anaylst drop in SP

[philanderer] 18/1/2018 09:49

I think every company update on every share I own has seen the price drop in the last few months.

Expectations are way too high.

Added 10% to my holding here.

[tlobs2] 18/1/2018 09:45

It looks like others read a different RNS to the one that I read. The one that I read was in the majority full of good positive news!

Improvements in many areas of the business on improved margins and the share price goes down 3%. It's crazy.

[philanderer] 17/1/2018 12:21

Poundland to open 150 new FASHION branches as it vows to rival Tompan and River Island

[philanderer] 17/1/2018 00:34

Market report: Investors back Primark’s US invasion


Rising confidence in Primark’s plan to become a fast fashion star in the US after earning its stripes building a discount clothing empire in Europe lifted owner Associated British Foods today.

The discount store has defied the decline on the UK high street with its bargain prices but its British invasion in the US has stuttered.

With just eight stores in the States, Primark’s empire over the Atlantic is still in its infancy and in November it announced that it would trim the size of three of its flagship stores.

City analysts at Barclays told clients, however, that Primark can build a US business the size of its 344 store-strong European empire by tapping the undeveloped fast fashion market in the States.

Concerns over its faltering US expansion are “misplaced” and Primark is “well-positioned” to ruffle feathers in the American retail sector as it has done in the UK and on the Continent, it argued.

The upgrade to “overweight” provided ABF with a late boost ahead of its crucial Christmas sales figures on Thursday, helping it climb 63p to £28.91.

[philanderer] 14/1/2018 23:56

Primark Owner Likely to Announce Drop in Sales Despite Increasing Sales in the UK

[philanderer] 14/1/2018 20:51

preview:

Thursday

E-tailing giant ASOS and inflation-proof Primark owner, Associated British Foods, are both expected to report climbing sales as its high-street peers continue to struggle.

With a warehouse in the United States lined up, ASOS will soon launch its push into America, but for now UK momentum looks to have been impressive, according to Peel Hunt analyst John Stevenson.

Meanwhile, shoppers hunting for cheaper deals as households tighten their belts hit figures for Debenhams and Marks & Spencer’s over Christmas but bargain chain B&M’s strong festive trading suggests Primark will continue to buck the trend of slowing sales.

[philanderer] 12/1/2018 16:35

Sideways until that trading update next thursday by the look of it.

[philanderer] 08/1/2018 10:44

8th jan RBC sector perform tp 3100p


reiterates

[philanderer] 07/1/2018 23:49

Good article:

Penneys' American dream taking time to pay off as shares in owner ABF fall 15pc

[gateside] 04/1/2018 17:46

Will look out for it and buy some when next in a supermarket.