Associated British Foods Share Discussion Threads

[philanderer] 18/6/2018 23:53

Market reports:

Shares in Primark owner Associated British Foods edged up 1per cent, or 26p, to 2762p after analysts said the budget fashion chain was ‘regaining its mojo’.

RBC Capital Markets is predicting a spike in sales at Primark and has therefore upgraded ABF to ‘outperform’.




Primark owner Associated British Foods nudged up after RBC Capital Markets predicted that the budget clothes retailer would recapture its “mojo”. Primark should enjoy a sales boost from declining competition from New Look and Pep & Co and its entry into the US market will improve following a rocky start, it argued to lift ABF 26p to £27.62.

[philanderer] 18/6/2018 09:51

18th june

RBC upgrades from 'sector perform' to 'outperform' tp 3100p up from 2800p

[tlobs2] 11/6/2018 09:23

3400p would be good although anything over 3200 in time would be nice :-)

No rush.....

[philanderer] 08/6/2018 09:35

8th june Barclays 'overweight' tp 3400p up from 3330p

[philanderer] 06/6/2018 18:37

xd tomorrow morning for the 11.7p dividend

[philanderer] 29/5/2018 17:16

ABF's Neill's Flour expands with new Belfast facility

[philanderer] 24/5/2018 11:18

Me too :-D

"Some cheer for retail amid crisis facing the high street as sales surge"

[tlobs2] 24/5/2018 10:46

I'm with Credit Suisse and their tp of 3300p :-)

[philanderer] 24/5/2018 09:38

Downgraded by Goldmans today , 'buy' to 'neutral' ..... tp 3000p cut from 3100p

[philanderer] 22/5/2018 23:24

Primark to become biggest clothes retailer in Britain: After years at number one, M&S is set to lose top spot

Read more:

[philanderer] 10/5/2018 14:57

Maybe a slight read across from those good NXT numbers this morning ?

[philanderer] 09/5/2018 14:10

Deutsche Bank upped its target price for Associated British Foods on the premise that it was set to continue benefiting from a consumer shift towards value driven by pressure on spending power.

To back up its case, it pointed to the company's 13% sales growth over the 16 weeks to 24 June and data from Kantar showing a continued loss of market share by the largest mid-market retailers while Primark was gaining.

Indeed, Primark had seen like-for-likes in the UK accelerate from growth of 2% during the first half to 6% during the third quarter.

According to Kantar data, it was also still gaining market share despite not being in the online channel.

Management was also succeeding in mitigating supply chain inflation as a result of the weker pound, Deutsche said.

Analysts at the broker said that was "particularly encouraging" and that the benefits should roll into the first half of 2018, giving them "greater confidence" that margins could be rebuilt next year.

Deutsche said it was also expecting significantly higher profits from sugar in the third quarter and for them to remain at their new level in 2018.


Sharecast.com

[philanderer] 09/5/2018 08:52

UK retailers suffer sharpest sales drop for 22 years in April

British Retail Consortium’s latest health check shows 3.1% fall, the biggest dip since its survey launched in 1995

[philanderer] 08/5/2018 17:11

UBS upgrading to BUY. tp. 3150p


In spite of a strong write-up from UBS, Primark owner Associated British Foods did not move much. The Swiss bank said the share price has "overreacted to the first-half space slowdown" and so upgraded ABF to 'buy' from 'neutral' with a 3,150p target price that compare to Friday's close of 2,706p.

UBS's analysis of Primark's potential to expand in Europe, examining how many households are within a half-hour drive of a store, suggest "circa 80% upside in store numbers in the UK/Europe, which should keep space contribution close to 10% for another 5-10 years", with gross margins also set to strengthen as foreign exchange pressures reverse.

Sharecast

[tlobs2] 08/5/2018 13:09

If they couldn't compete before then why does this chump think that a joined slimmed down pairing will compete more?Primark have built a very good reputation that Asda or Sainsbury's can't compete with.Although they said the stores will stay open there will no doubt be several shops closing which will reduce competition in the UK not increase it. Beyond that the significant growth overseas will signal further strength for the brand.

[philanderer] 06/5/2018 06:18

Tu from Sainsbury’s and George at Asda will pose threat to Primark

Read more:

[philanderer] 04/5/2018 08:09

Credit Suisse ..outperform. Tp 3300p cut from 3700p

[suetballs] 23/4/2018 23:59

Encouraging article re the US.
Suet

[philanderer] 23/4/2018 14:49

NYC Competition Intensifies As Primark Adds New Store

[philanderer] 23/4/2018 09:49

23rd april RBC sector perform tp 2800p up from 2700p
23rd april Goldmans buy tp 3100p
23rd april HSBC buy tp 3600p cut from 3700p

[philanderer] 21/4/2018 00:21

Six shops defying the High Street downturn

[philanderer] 17/4/2018 23:20

Primark owner ABF predicts it will bounce back after bout of bad weather slashes sales



Read more:

[philanderer] 17/4/2018 21:01

Market report:

Associated British Foods also rallied after it left its annual outlook unchanged as falling profit at the company’s sugar business offset the strength at its clothing chain to result in a 1% decline in first-half profit.

"Investors appear to be giving the group a free pass on the numbers this morning, reasoning that better weather and an improvement in consumer spending could help cushion performance in coming months, even if some will continue to wonder why the firm bothers to hold on to its underperforming sugar business," said IG analyst Chris Beauchamp.