Associated British Foods Share Discussion Threads

[philanderer] 17/4/2018 11:41

'Thriving Primark will beat the High Street blues with denim'


Fashion chain Primark is banking on denim jackets and white jeans to lure more shoppers into its stores as it bucked the gloom engulfing the High Street.

[philanderer] 17/4/2018 11:29

Primark bucks high street gloom with 'remarkable' UK performance

[philanderer] 17/4/2018 09:22

Solid results yet again :-)


Liberum reiterates 'buy' tp 3500p

[tlobs2] 17/4/2018 08:18

Bizarre drop at the open followed by a significant rise!

[philanderer] 16/4/2018 17:11

Analysts expect over 2018 rising revenue Associated British Foods

[philanderer] 16/4/2018 09:51

No spring in step for March shopper footfall

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[philanderer] 13/4/2018 10:10

Interims next tuesday.

[ny boy] 11/4/2018 12:42

All these broker notes are just toilet paper, a few were calling 3700p last year, most should be locked up in The Tower until they get a call right!

Looking at a bit of bottom fishing this quarter but will avoid for now with trouble brewing in the Middle East Trump & Putin itchy fingers near the buttons, outlook appears troubling for markets I feel.

[philanderer] 10/4/2018 18:44

'Beast from the East' drives online shopping in March


March sales figures show the period was volatile - saved only by an earlier Easter which offset the impact of the extreme weather.

[philanderer] 09/4/2018 17:36

Today's note details..


'Credit Suisse emphasises Primark's importance to Associated British Foods'

[philanderer] 09/4/2018 12:15

Associated British Foods-owned snacking brand Ryvita will launch two new product lines in the UK this year alongside updated packaging and a £1.9 million advertising campaign.

[philanderer] 09/4/2018 10:42

House broker Credit Suisse retains 'outperform' , cuts target from 3700p to 3300p

[philanderer] 05/4/2018 18:26

Barclays note...


Barclays PLC (LON:BARC) has trimmed its target price for Associated British Foods PLC (LON:ABF) (ABF) to 3,330p from 3,380p but said it remains confident in its growth prospects for the company’s clothing arm Primark.

In a note to clients, the British bank said results from the FTSE 100 food and clothing retailer for the half-year “may not prove a catalyst as such, but we certainly expect steadier news flow and commentary starting with confidence around an H2 [second-half] margin recovery at Primark (with the group currently sitting on favourable FX tailwinds – possibly ahead of current guidance).


“We expect few surprises with the results due 17 April, with the group having provided a detailed pre close (26 Feb). Poor weather in March in the UK / Europe has been well documented in recent retail reporting, and we account for this in our estimates (FY LFL at Primark moves from -1.1% to -1.4%). We believe this only has a limited bearing on the FY group outlook,” the bank added.

Barclays was also upbeat about the potential growth of Primark: “We also expect to gain comfort on the prospects for Primark’s business on the [European] continent as well as the midterm outlook for Sugar. We do not rule out growing confidence in the proof of concept for Primark US through the course of H2, with the likelihood of a further roll-out soon thereafter.

“Based on our Food division valuations (9.1x CY18E EBITDA), we estimate Primark trades on 8.7x CY18E EBITDA, a 32% discount to Inditex (or a 3% discount to low-growth Next). Inditex is structurally higher margin / return vs Primark. However, Primark is one-fifth the size of Inditex outside of their respective domestic markets, or in only 12 countries vs 96 at Inditex. This implies Primark’s scope for long-term space growth (in CE alone) should be considerably greater.”


proactiveinvestors.co.uk

[philanderer] 05/4/2018 08:37

5th april Barclays overweight tp 3330p cut from 3380p

[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.


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