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
  -16.00 -0.72% 2,206.00 2,206.00 2,207.00 2,250.00 2,198.00 2,241.00 715,468 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 15,574.0 1,279.0 127.5 17.3 17,464

Associated British Foods Share Discussion Threads

Showing 1951 to 1974 of 2150 messages
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DateSubjectAuthorDiscuss
17/1/2019
11:17
Very decent update, who said the High Street is dead eh.
essentialinvestor
17/1/2019
09:47
Well done tl 👍 Unusually the only two reporting companies I hold that are reporting today, ABF and SSPG, are both blue. The other twenty one are red !
philanderer
17/1/2019
08:22
yes tlobs and you bought well. This is a quality run company. No shouting from the roof tops and I like that. Suet
suetballs
17/1/2019
07:37
I liked the heading ........ "TOP NEWS: AB Foods Says Primark Christmas Sales "Exceed Expectations" :-) BOOM !
tlobs2
17/1/2019
07:36
Primark - strong US performance in the period. Although mall in New Jersey delayed. Encouraging?! Suet
suetballs
17/1/2019
07:21
Trading Update Associated British Foods plc today issues a trading update for the 16 weeks to 5 January 2019 summarising the significant trading developments since the last market update. Trading outlook Our outlook for the group is unchanged, with adjusted operating profit and adjusted earnings per share for the year expected to be in line with last year. Group revenue Group revenue from continuing operations for the 16 weeks ended 5 January 2019 was 2% ahead of the same period last year at constant currency. Sterling has strengthened marginally against most of our major trading currencies, other than the US dollar, and as a result sales from continuing operations at actual exchange rates were 1% ahead. Other than the expected reduction in Sugar revenue, sales growth was delivered by all our businesses. Retail Sales at Primark were 4% ahead of last year, at both constant currency and actual exchange rates, and with a higher operating profit margin, profit was well ahead. Sales growth was driven by increased retail selling space partially offset by a modest decline in like-for-like sales. The UK performed well and our share of the total clothing market increased significantly. Sales were 1% ahead of last year for the period, in a market which declined year-on-year. Like-for-like sales in September and October were ahead but reduced footfall affected sales in November. Sales over the Christmas trading period exceeded our expectations. Sales in the Eurozone were 5% ahead of last year at constant currency. Sales growth was especially strong again in France, Belgium and Italy, performance strengthened in our second largest market, Spain, but soft trading continued in a difficult German market. We are pleased with the strong US performance in the period. Sales were well ahead and benefitted from very strong trading at the Brooklyn store, which opened in July last year. As expected, operating profit margin in the period increased, with purchases having been contracted at a weaker US dollar exchange rate than last year, and through better buying and tight stock management. Operating profit for the full year is in line with our expectations. Retail selling space increased by 0.3 million sq ft since the financial year end and, at 5 January 2019, 364 stores were trading from 15.1 million sq ft which compared to 14.2 million sq ft a year ago. Four new stores were opened in the period: Seville and Almeria in Spain, Toulouse in France and a city centre store in Berlin, Germany. In addition, in the UK, we relocated to larger premises in Harrow and the Merry Hill store was extended. We now expect to open 0.9 million sq ft in this financial year. The opening of the American Dream shopping mall in New Jersey has been delayed and consequently our new store there will now open next financial year while our smaller store in Oviedo, Spain will close this spring. Our 160,000 sq ft store in Birmingham is expected to open in April and our first store in Slovenia later this financial year. Sugar AB Sugar revenue from continuing operations was 12% behind last year at constant currency and 14% behind at actual exchange rates. As expected, the lower revenue in our UK and Spanish businesses in the period was the result of the lower EU sugar prices for contracts negotiated at the end of last financial year. Looking ahead, the development of our sales book for this year has indicated early signs of recovery in EU sugar prices. The UK campaign is progressing well and production will now be 1.15 million tonnes as a result of higher sugar content in the beet. Beet yields this year are lower than the record level last year and so production is lower than the 1.37 million tonnes achieved last year. The northern Spanish campaign at Azucarera has commenced. Total beet sugar production is expected to be some 300,000 tonnes, and a further 170,000 tonnes will be produced from the refining of cane raws at Guadalete. In December we announced a reduction in the beet price that will be paid to growers from the next campaign, bringing this price into better alignment with the market and with prevailing EU sugar prices. Sugar production at Illovo for the full financial year is expected to be ahead of last year at some 1.75 million tonnes, with campaigns extended to counter wet conditions which impacted production in the early part of the season. In China, very low levels of sugar content and purity in beet have adversely affected operational performance at our factories at Zhangbei and Qianqi. Combined with lower domestic sugar prices, the business will make a loss this financial year compared to the strong operating result last year. Grocery Sales for Grocery were 3% ahead at constant currency, 2% ahead of last year at actual exchange rates and operating profit margins on an underlying basis improved. Progress continued at Twinings Ovaltine, with good growth in Twinings which benefitted from recent new product launches. The consolidation of tea production from Jinqiao, China to our existing factory in Poland is nearing completion and adjusted operating profit in the first half will include a one-time cost in respect of this. ACH in the US and George Weston Foods in Australia continued recent progress by further improving margins. At Allied Bakeries, discussions with our customers to reduce the losses continue. Agriculture and Ingredients AB Agri revenue was 5% ahead of last year at constant currency and actual exchange rates. Sales in Ingredients were 6% ahead of last year at constant currency and 1% ahead at actual exchange rates.
skinny
16/1/2019
16:11
A fair bit of buying by the finance director as well ;-) I have followed his lead ........
tlobs2
16/1/2019
13:18
Fair bit of selling before tomorrow's update .
philanderer
15/1/2019
17:12
I'm looking forward to seeing the results of the whole group. Sugar will be challenging, Primark UK will be in line with the announcement a few weeks back. It's the overseas revenue that might surprise a few especially with the current exchange rates....... :-)
tlobs2
11/1/2019
20:40
next thursday.. Primark and Boohoo next in line to reveal Christmas trading Budget retail chain Primark has already warned trading was ‘challenging’ in the run-up to Christmas HTTPS://www.belfasttelegraph.co.uk/business/uk-world/primark-and-boohoo-next-in-line-to-reveal-christmas-trading-37701749.html
philanderer
08/1/2019
11:37
I think the dividends will be re-invested in more of these for me :-)
tlobs2
08/1/2019
11:25
Financial Calendar 11/01/2019 - Final dividend 2018 payment date 17/01/2019 - Trading Update 25/02/2019 - Pre close Trading Update
skinny
08/1/2019
11:21
It's looking a little healthier today ........ Optimism running rife :-)
tlobs2
04/1/2019
12:11
STRONG BUY, stock is oversold, should bounce to £23/£24
this_time_its_different
03/1/2019
19:37
And not a total disaster ;-)
philanderer
03/1/2019
00:26
Next tomorrow, from memory.
essentialinvestor
02/1/2019
11:31
It has been posted on here in the past that one weakness off the Primark part of ABF is the lack of on-line presence. Speaking to somebody over the holiday break who knows a bit more about this than many of us on here (ahem) this is actually seen as a strength. Good on-line retailers (such as ASOS) are losing business because customers are trying items on in shops then fishing round multiple suppliers for the best possible (low) price. Primark however expect customers to come into their stores where they see what they want and have no option if they like it but to purchase it there and then. And whilst they are doing it they often fill their baskets with other Primark only items. This is probably the reason why they are doing so well whilst others are failing. I am looking forward to the update on January 17th :-)
tlobs2
24/12/2018
09:13
Trading update 17 January.
essentialinvestor
20/12/2018
11:44
Strong retail figures should be helping ABf out today.
mozy123
18/12/2018
11:36
Happy to hold ABF, any recession, people will trade down to primarni! Asos, boohoo, next will be destroyed. I have had quiet a good 2018 compared to those index's only -1.7% ytd over all family ports. Unilever and Diageo being my biggest holdings and FGT biggest trust holding, whch has those in as well.
mozy123
17/12/2018
20:54
At this rate the Dow will hit 0 in 39 days ;-)
philanderer
17/12/2018
17:38
Afternoon EI, I reckon we'll look back in a few months and say it had already started in 2018. Four up / eighteen down for my lot ..... par for the course these days. For 2018 FTSE100 -12% FTSE250 -16%
philanderer
17/12/2018
16:48
Hopefully the doom mongers will have fallen off their perches by this time next year and those who aren't obsessed with talking the country down can get on with their lives.
tlobs2
17/12/2018
16:01
UK recession next year?.
essentialinvestor
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