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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 2001 to 2023 of 2075 messages
Chat Pages: 83  82  81  80  79  78  77  76  75  74  73  72  Older
DateSubjectAuthorDiscuss
26/2/2019
10:17
Shore Capital: ABF is highly attractive The valuation of Associated British Foods (ABF) is ‘highly attractive’ according to Shore Capital, as the Primark owner delivered a trading update that contained no great surprises. Analyst Darren Shirley reiterated his ‘buy’ recommendation on the stock after the update, showing Primark total sales up 4% over the 24 weeks to 2 March, although like-for-like sales were down 2%. Guidance remains unchanged in its sugar business and profitability is expected to ‘rebound’ in 2020. ‘Overall, a solid update from ABF, with few if any surprises,’ he said. ‘We see a price/earnings ratio of 17.1 times… implying a Primark price/earnings ratio of 15.5 to 16 times… which is highly attractive in our view.’ The shares fell 40p to £22.73 yesterday. HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-persimmon-hammerson-and-cineworld/a1204282?section=funds-insider&_ga=2.251709132.452650429.1551176017-1043823484.1551176017#i=5
philanderer
25/2/2019
12:56
Nothing from that statement that makes me want to add, however I'm often too cautious in outlook to be fair.
essentialinvestor
25/2/2019
12:10
“These results follow a similar pattern seen in previous updates with reduction in sugar revenues, steady growth at its other divisions and expectations for a 4% rise in sales at Primark over the first half. The focus on the group continues to be on the expansion of Primark into the US and though it is at an early stage investors will welcome promising early signs,” said Graham Spooner, an investment research analyst at retail investor-focused broker, The Share Centre. “The full-year outlook remains unchanged with adjusted operating profit in line with last year. We, therefore, continue to maintain our 'Hold' recommendation as the longer term growth prospects for Primark remain sound and there is increasing global demand for food, although the sugar business remains a concern,” he added. Liberum Capital Markets, meanwhile, reiterated its ‘buy’ recommendation and target price of 3,070p, saying it was a solid first half update from AB Foods, with full-year guidance reiterated. proactiveinvestors.co.uk
philanderer
25/2/2019
10:10
ABF misses forecasts as Primark hit by German slowdown ....Broker Shore Capital called it a "solid" trading update, with "few if any surprises". Liberum also went with "solid" and continues to like the shares for the "compelling exposure to secular growth trends in retail over the next 10 years", while Sugar profits trough in the current year and start to recover in the next. HTTPS://www.sharecast.com/news/news-and-announcements/abf-misses-forecasts-as-primark-hit-by-german-slowdown--3759449.html
philanderer
25/2/2019
10:03
'Primark coming to 8 new places - and the date the world's largest store opens' HTTPS://www.mirror.co.uk/money/primarks-coming-8-new-places-14049201
philanderer
25/2/2019
08:06
That update reads pretty well overall. Well done to all at ABF :-)
tlobs2
25/2/2019
08:01
Shore Capital Buy 2307.00 Reiterates Liberum Capital Buy 2317.00 3070.00 Reiterates Goldman Sachs Neutral 2317.00 2500.00 2600.00 Reiterates
skinny
25/2/2019
07:17
Pre Close Period Trading Update. Trading outlook For the half year, other than the expected reduction in Sugar revenue, sales growth will be delivered by all of our businesses. We expect adjusted earnings per share to be broadly in line with the same period last year, with lower net financial expenses offsetting a small reduction in adjusted operating profit. For the full year, 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. Cashflow and funding We expect a cash outflow in the first half of the year, consistent with the pattern seen in previous years, driven by the seasonal increase in working capital in our European sugar businesses following the substantial completion of processing campaigns. Capital expenditure will be at the same level as last year. Net cash is expected to be some £300m at the half year, compared to £123m at the first half last year. more.....
skinny
24/2/2019
10:08
Queen Gibbs could best be classed as a doom monger. I've just had a look at a few of her recent posts. She must have been really burnt here in the past to carry such bitterness on and on and on .... LOL
tlobs2
22/2/2019
22:41
17x is a lot more reasonable than 30x. Whether it's good value we get more idea on Monday.
essentialinvestor
22/2/2019
21:09
So in other news ....... Primark operates over 350 stores with alleged solid performance in 23 stores & that includes the Polish one that isn't open Not sure 23 carries 350? Invest invest invest!
queen gibbs
22/2/2019
15:41
Bought a small amount, see how it looks on Monday.
essentialinvestor
22/2/2019
12:42
QG, appreciate the view.
essentialinvestor
22/2/2019
12:34
Trading update monday. This weather is a bit special :-)
philanderer
22/2/2019
12:31
In other news ………;.. Clothing chain Primark expected to report resilient sales, bucking the trend of High Street gloom Clothing chain Primark is expected to report resilient sales figures later this month, bucking the trend of high street gloom. Its next trading statement may even outshine its Christmas performance, according to City analysts. Brokers at Jefferies said Primark could increase profits in the six months to March by as much as 25 per cent to £425 million. It said the chain could also have been lifted by better weather and solid performances in the US, Italy, France and Poland. The broker added that Primark could also benefit from a 'rational completion of Brexit' and a subsequent recovery in sterling that would make imports relatively cheaper.
tlobs2
22/2/2019
09:21
Morning EI My caution would be similar to most I guess - everything rides on when you invest/invested, my focus/comments have been based on the value which was North of £33.30+ just 15/16 months ago If you divide the business into two Primark then the rest = the rest is fairly dreadful with Primark being the driving force for the past ten years or so, this is the reason ABF have never split the business as without Primark there is no viable business The issue that I believe is that they have with too many eggs in one basket, with that side of the business having too consistently over perform & it isn't Some of this is out of their hands with Brexit, the decline of the High Street etc, factors like Ethics & sustanability will always make volume retailers a target for bad press & in house decision making In house decision making - Some great some questionable France = incredible success Germany = dreadful - believed their own hype & opened too many huge stores too close to each other & the Germans have a huge issue with Primarks Ethics Poland = not opened yet .....even though a recent report shows strong trading there! will be a huge success in my opinion - new market = massive opportunity USA = PR stunt, too go where others have failed! Huge loss maker, cutting back plans & footage to suit the reality of the US customer, may work long term however at a cost, not sure income will outweigh investment UK - there will be massive coverage of landmark stores this year the Bluewater & Birmingham will be surrounded with huge hype however the fact is that Like for Like sales have been in decline for 12 months Spain = great success with another Flagship in Barcelona on the way Online - 2020 click & collect (from stores only) 20 years behind the times & will cost a fortune to implement something that customers don't want Summary = I would be cautious as the drop over the recent time period has been dramatic & out of line with FSTE & I'm not sure if/when the price gets back to the £33/£34 mark & if/when it does it will be down to 'the rest' performing & not Primarks growth 'You pay your money & takes your chance!'
queen gibbs
22/2/2019
09:09
In the link that phil posted (1870) the finance director sounds very positive.
tlobs2
21/2/2019
12:31
QG, you still cautious here? Last update read quite well to me.
essentialinvestor
19/2/2019
07:35
An excellent article. Thanks Phil. Bring on the next trading update :-)
tlobs2
18/2/2019
18:38
QG , I missed that 😊 I see they have plans though ;-) HTTPS://www.drapersonline.com/news/latest-news/primark-to-enter-poland-says-finance-director/7033979.article
philanderer
18/2/2019
11:08
I remain optimistic on this one, based on the amount of products that my daughters and their friends buy from the local Primark !! :-)
tlobs2
17/2/2019
09:28
Phil - solid performance in Poland? they don't trade there yet!
queen gibbs
17/2/2019
09:15
'Clothing chain Primark expected to report resilient sales figures later this month, bucking trend of High Street gloom' https://www.dailymail.co.uk/money/news/article-6712253/Clothing-chain-Primark-expected-report-resilient-sales-figures-later-month.html
philanderer
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