Associated British Foods Share Discussion Threads

[philanderer] 29/3/2018 00:30

Yes , a much needed bounce :-)


Market report...

Primark owner Associated British Foods climbed 79p to £25.02 on the prospect of the dollar dump on currency markets boosting its future earnings. Primark sources its clothing from Asia in US dollars but then sells most of it in Europe and the UK, knocking its income when the euro and pound are weak. Morgan Stanley argued in an upgrade that this forex headwind will soon become a tailwind when the effect of the two currencies strengthening against the greenback feeds through.

[tlobs2] 28/3/2018 19:48

Well done Morgan Stanley. Hopefully the start of a steady rise up to 3000p :-)

[philanderer] 28/3/2018 14:05

Morgan Stanley positive comment today..... upgrades to overweight ..tp 3000p

[philanderer] 27/3/2018 10:26

27th march RBC sector perform tp 2700p cut from 2900p
27th march Soc Gen buy tp 3000p cut from 3300p

[philanderer] 27/3/2018 00:02

In the world of the consumer, B&Q owner Kingfisher (down 8.5p to 288.2p), Primark owner AB Foods (down 57p to £23.89) and retailer Next (down 109p to £48.75) were laggards.

The reaction was likely down to there being only a small rise in unsecured consumer credit from high street banks, which was up by 0.8pc compared to a year earlier, according to data from trade body UK Finance.

That number was an improvement from the 0.6pc rise in January although still suggests consumers 
are being cautious about what they spend, something which is being borne out by the growing number of casualties on the high street from Carpetright through to restaurant groups including Prezzo and Jamie’s Italian.

[philanderer] 26/3/2018 17:52

andy , my portfolio was looking good for most of the day , then everything seemed to sell off during the last hour ?

Weird times.

[andyj] 26/3/2018 16:16

Can't think what caused the price to plummet at 4pm other than it was one minute after I had bought!

[tlobs2] 23/3/2018 08:20

It looks like the alarmist headlines predicting doom and gloom for Next have given their shares a healthy boost of over 3.5% so far !

I'd take that for ABF today ;-)




Edit .... Next now up 4.6% !!

[philanderer] 23/3/2018 00:03

A contract with fashion retailer Primark sent shares in recruitment firm Parity Group fizzing.

Parity will provide Primark with IT staff as the retailer looks to upgrade its IT systems. The deal is expected to be worth £20million-£25million over three years. Parity shares rose 7.1 per cent, or 0.8p, to 12.05p.


Read more:

[philanderer] 22/3/2018 10:43

Snap tl :-)

Now to see if the lawn mower will start up after the winter hibernation .


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[tlobs2] 22/3/2018 08:10

I have taken this moment of madness to add another chunk for my SIPP.

No rush. I can wait for twelve months for a 50% return on my investment ;-)

[philanderer] 21/3/2018 17:49

WTF have we got in common with KGF ?


"...Going the other way, B&Q and Screwfix owner Kingfisher was under the cosh, dragging Next and Primark owner AB Foods down with it after reported an 8% fall in annual profits on flat sales and issued a very cautious outlook."

[tlobs2] 21/3/2018 16:01

From what I understand Primark in the US is going really well :-)

I am tempted to buy a chunk more at these prices.

[ed 123] 21/3/2018 09:23

Yes, brokers do seem keen.

I noticed the disparity between the brokers' targets and the current share price. That had me looking into ABF. Maybe a trading opportunity at some point? Primark is the obvious driver.

ABF is a curious mix of businesses. Could the brokers be looking at a possible split and valuing on a sum of the parts basis? High rating deserved by Primark? Other parts more mundane?

[tlobs2] 21/3/2018 08:21

Look on the bright side it's a long way up to ..........



"Credit Suisse outperform tp 3700p"

[ed 123] 20/3/2018 22:23

12 month low?

Yes and might go lower?

Forecast current year P/E ratio 19(?) and dividend yield 1.8(?)%.

Better value elsewhere?

[philanderer] 20/3/2018 21:53

Hitting a 12 month low.

[philanderer] 12/3/2018 17:16

Primark recalls thousands of cushions including a unicorn-shaped one due to fire risk

[philanderer] 05/3/2018 12:54

House broker..

5th march Credit Suisse outperform tp 3700p


reiterates

[philanderer] 05/3/2018 12:40

Poundland takes on Primark with rollout of Pep&Co fashion outlets


The budget retailer will open 91 Pep&Co stores by June in an attempt to become a 'major high street fashion player'

[philanderer] 04/3/2018 20:57

27th feb

ABF 7500 at 2716p non - exec director purchase


27th feb

'ABF being driven by fashion, not food, says Hargreaves'


Associated British Foods (ABF) is expected to deliver higher profits this year but its fashion rather than food that is driving the Primark owner, says Hargreaves Lansdown.

A trading update from the group confirmed it expected half-year sales growth in all divisions except sugar and it remains on track to deliver higher profits over the year. The shares rose 3% to £27.26 yesterday.

Analyst George Salmon said although a warm October impacted clothing sales, spring and summer were ‘hitting the right notes’.

‘While its warmer weather clothes are flying off the shelves just now, investors might wonder if they’ll continue to do so once the blizzards expected later this week kick off,’ said Salmon.

‘Longer term, we think there’s plenty to like about Primark. It’s successfully established its value-orientated business model throughout the UK and western Europe, and is upbeat about early trading in the US. If Primark can conquer the vast North American apparel market, the rewards would be huge.’

[tlobs2] 26/2/2018 07:52

Well that Trading Statement reads pretty positively particularly on the Primark front.

[philanderer] 23/2/2018 18:06

pre close trading update next wednesday


Associated British Foods: Kepler Cheuvreux reiterates buy with a target price of 3,400p.

[philanderer] 23/2/2018 09:43

23rd feb JP Morgan Caz overweight tp 3600p

reiterates