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Share Name Share Symbol Market Type Share ISIN Share Description
Associated British Foods Plc LSE:ABF London Ordinary Share GB0006731235 ORD 5 15/22P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +22.00p +0.91% 2,445.00p 2,451.00p 2,452.00p 2,459.00p 2,417.00p 2,432.00p 787,613 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 15,574.0 1,279.0 127.5 19.2 19,356.43

Associated British Foods Share Discussion Threads

Showing 1801 to 1824 of 2075 messages
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DateSubjectAuthorDiscuss
05/9/2018
17:09
Good post, would take a different view on any lack of quality people. ABF is effectively the Weston family vechile, at a 51% holding. Any conservatism is a deliberate strategy.
essentialinvestor
05/9/2018
17:02
Very appealing levels right now. In effect you are buying at the bottom of the sugar story (look at Suedzucker for pure sugar comparison) and you need just a small hint that US is getting traction, in order for the share to rerate. Currency, yes will potentially have an impact on Primark margins (although note that Primark hedge forward 1 year on a rolling base, so H1 might be hedged at better rates than current) but this should be ameliorated by the translation of foreign profits (in strong currencies) back to sterling.Also who knows whether Primark will shift more procurement to Turkey in order to protect margins by buying in TRY. And all these pressures are transient. Primark in the past tackled high cotton prices or other pressures in a savvy way that protected margins. With regards to the US, I am hoping that Primark has seen some of the benefit of people being on jobs and generally being willing to spend. Any hint that they will accelerate the roll out in the US will make the stock soar. On top of that, you have so much scope for further expansion in Europe and no clear competitor at these price points that make the story even more robust. With zero debt on their balance sheet, imagine what would happen if they would want to accelerate Primark growth inorganically. I think their bottleneck is that they do not have enough people at HQ to be able to grow faster.
nilsholgerson
05/9/2018
15:18
No coincidence that as GBP reversed, so did ABF today.
essentialinvestor
05/9/2018
15:05
Gibbs, make sure to tell us when you buy ).
essentialinvestor
05/9/2018
14:39
Agree will EI A HOF customer will never migrate to Primark A bigger share of a smaller market does not mean an increase in revenue? If HOF & Debenhams do close or close units it's one less reason for customers to visit the High Street - this will have a negative effect on everyone remaining Cross rail being put back a further year is a kick in the spuds for retailers who have their Flagship stores on Oxford Street (most of them) 9% of Primarks total sales comes from their two stores on Oxford Street - if they don't perform it's an uphill battle for the rest of the chain from day one I don't believe ABF have bottomed out just yet!
queen gibbs
05/9/2018
10:50
Added a small amount under 2232, however as mentioned to Phil previously, around £20 would not surprise me on a continuation of £ weakness. Hopefully not the case. Waskill, little cross over between HoF and Primark in clothing, very different demographics.
essentialinvestor
05/9/2018
10:47
Some shares are allowed to happily trade at 50-100x earnings (Just Eat, BTG, Abcam), others 30x earnings (SSPG), some sub-10/10 (SAGA, PAF, HGM, PRU,LWB). Vodafone has suddenly been re-rated having spent the last decade or more around 200p. Who decides what P/E a share should trade at? Netflix, Amazon and co have been trading as high as 300x earnings. The market has always been very fickle and irrational. The market makers and hedge funds decide the share price All we can say is ABF is now at a 5 year low.
justiceforthemany
05/9/2018
10:20
I am also very surprised to be able to buy ABF at these levels with the decent brands they have in their stable ok sugar is not at its best at the present.But it will recover cannot see much wrong with the rest of the brands Primark looks ok it can only gain market share with the present closure plans of the HOF ect. Not much sense of them taking the Primark offering online with prices as they are in store the postage would destroy margins.
wskill
05/9/2018
10:05
On what basis should ABF be trading at £30?. We can all pluck a figure out of the air, I'll start with £50.
essentialinvestor
05/9/2018
10:00
It's a brexit selloff, and the fact the £ has gone through the floor. Depressing times are the best times to buy. ABF should be trading around £30 at least, but Mr Market is depressed. Mr Market thinks Brexit is the end of the world. I suspect a strong rally for all UK stocks after March 2019.
this_time_its_different
05/9/2018
08:31
2 trading days to update - Monday 10th
justiceforthemany
04/9/2018
16:31
This is getting depressing
rounder2
04/9/2018
11:35
Got my small add under '78. There is something to be aware of for the next update, if ABF make cautious noises on Primark margins (given £ selling off hard) the share price may not look pretty.
essentialinvestor
04/9/2018
08:48
If GBP keeps selling off it may be tough to make much headway.
essentialinvestor
03/9/2018
15:45
Has bounced off 2280p a few times. Update next week. John Lewis reporting weekly clothing sales are up 4-6%
justiceforthemany
03/9/2018
13:33
3rd sept HSBC 'buy'...... tp 3400p cut from 3600p
philanderer
31/8/2018
17:27
Hi Phil, will have a look again Monday. Near £20 here would not surprise me though, but can't call a low, so better to buy in small stages. Unless the Primark model goes ex growth, with increasing online competition, 17x times looks reasonable. It may be cheap longer term. Really think the valuation largly rests on Primark continuing to perform, all be it sugar is a short term sentiment killer.
essentialinvestor
31/8/2018
17:19
Afternoon EI , been trying out my new extendable pole hedge cutter , very good indeed. Checked out the portfolio to find I'm back to all square for 2018 . Would have done just as well not wasting my time in front of a screen 😊
philanderer
31/8/2018
16:24
Just missed some under '79.
essentialinvestor
30/8/2018
09:50
Morning EI , a day for the garden and not the screens ;-) 30th aug Deutsche 'buy' tp 3000p cut from 3100p
philanderer
29/8/2018
00:06
Hi Phil, yes agree, however there will always be a cyclical element to any commodity. What looks to be weighing atm is FX re Primark margins, agree sugar has not helped. Think you need to go back to around 2012? for a multiple this low on ABF.
essentialinvestor
28/8/2018
23:54
EI , sugar a big part of the problem at the moment I reckon. HTTPS://www.ifcm.co.uk/market-data/commodities-prices/sugar
philanderer
28/8/2018
23:13
The central valuation rests on this - can the Primark model continue to thrive in a clothing market that increasingly migrates online. Primark margins do not translate to an online model. If you think it can, then 17x looks interesting, all be it the recent years of huge EPS growth is in the past. The food side will largely take care of itself.
essentialinvestor
28/8/2018
21:51
Sentiment at rock bottom. Great time to buy some more ABF
gateside
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