Associated British Foods Share Discussion Threads

[philanderer] 12/2/2020 12:09

+++ BERNSTEIN INITIATES AB FOODS WITH 'OUTPERFORM' - TARGET 3125 PENCE +++

[skinny] 10/2/2020 10:38

Don't look, but 18 month high @2718.

[gateside] 04/2/2020 18:55

They recommend I sell my ABFNo thanks, they are not for sale!

[philanderer] 04/2/2020 14:27

RBC note:

RBC Capital Markets advises taking profit in AB Foods. Unchanged £28.50 target.

ABF should offer a steady Primark space expansion story, with leverage to the sugar price and improving Grocery margins. However, we think Primark UK is showing signs of maturity, with tougher comps near term, and Primark's lack of a transactional e-com offer is likely to constrain its long-term profit pool and implied multiple. We move to Sector Perform given less valuation upside potential to our PT.

[philanderer] 04/2/2020 10:17

+++ RBC CUTS AB FOODS TO 'SECTOR PERFORM' ('OUTPERFORM') - TARGET 2850 PENCE +++

[philanderer] 21/1/2020 10:09

+++ RBC RAISES AB FOODS PRICE TARGET TO 2850 (2800) PENCE - 'OUTPERFORM' +++

[philanderer] 17/1/2020 13:36

Associated British Foods reports rare Christmas cheer


Primark has helped Associated British Foods (ABF) defy the fate of other UK high street retailers but Hargreaves Lansdown has warned that the winning streak may not last forever.

ABF reported a 4% year-on-year rise in first quarter group revenue, thanks to growing sales at Primark and in its sugar business.

Analyst Sophie Lund-Yates said Primark was ‘proof not every retailer struggled this Christmas’.

‘What’s most striking about Primark is it’s essentially an old school retailer. Lack of a meaningful online business makes the chain a high-street play, so the improvement to sales performance is even more impressive,’ she said.

Despite the continuing demand for Primark’s wares, Lund-Yates warned that ‘at some point it will start to bump against the sides of the tank’.

[sammu] 16/1/2020 14:40

Apologies if discussed on a regular basis, but - Why doesn't the break this up, or spin off primark?

[philanderer] 16/1/2020 13:21

"Huge" day for Primark leaves rivals in shade


Credit Suisse analyst Simon Irwin was upbeat. He said in a note to clients: “Given the weak Christmas reported by peers such as M&S and B&M this is quite a welcome surprise and is the first positive quarter since 2017.” He reckons the shares are a clear “buy” since ABF is “one of the few large cap stocks in our universe with solid growth prospects and upside to valuation”.

Primark now has a 17% share of the clothes market, well ahead of the next biggest player, M&S. It plans to open another 18 stores this year, including the first shop in Slovakia, Primark’s 15th country.

Sophie Lund-Yates, at Hargreaves Lansdown, said: “Primark is proof that not every retailer struggled this Christmas. “What’s most striking about Primark is it’s essentially an old school retailer. Lack of a meaningful online business makes the chain a high-street play, so the improvement to sales performance is even more impressive.”

[philanderer] 16/1/2020 09:28

Making up for some of the hit on WTB this morning.

[tlobs2] 16/1/2020 07:35

What an excellent trading update that is. Well done to all involved at ABF.

[philanderer] 15/1/2020 19:30

Thursday preview:

Investors will be keen to find out whether highstreet outlier Primark helped Associated British Foods PLC (LON:ABF) bucked the trend of weak Christmas trading for UK retailers.

The company found success in recent years thanks to its somewhat odd combination of businesses that include not only Primark but also international sugar businesses and Twining’s tea.

ABF, or more specifically Primark, has managed to defy conventional wisdom surrounding ‘the death of the high street’ by turning a profit despite the absence of an online operation, instead relying on large numbers of customers flocking to its enormous high street stores.

Given that Primark contributed over half of its profits last year, investors will be hoping the firm has managed to continue moving against the grain over the crucial Christmas shopping period, particularly with high street footfall predicted to have been much lower than last year.

There will also be interest in how Primark’s overseas expansion is progressing, with the firm due to open stores in France and Spain, while any comments on the US market will also be noted.

proactveinvestors.co.uk

[mrmce2012] 13/1/2020 13:00

Hi Am I missing something? Assets net looked to be half of the market cap??

[philanderer] 13/1/2020 09:51

+++ CREDIT SUISSE RAISES AB FOODS PRICE TARGET TO 2800 (2650) PENCE - 'OUTPERFORM' +++

[gateside] 10/1/2020 14:56

Dividend paid today :-)

[tlobs2] 07/1/2020 17:04

I've been out all day. Nice to come back to another rise.

Rising sugar prices in the pipeline for 2020 will be the icing on the cake ;-)

[gateside] 07/1/2020 11:17

Yes on the 16thGood start to the year

[philanderer] 07/1/2020 00:11

Trading update on the 16th ?

[tlobs2] 06/1/2020 16:18

Nice to see this continuing to rise given the actions of Trump....

I get the feeling that there must be something brewing in the background to help fuel this ;-)

[philanderer] 27/12/2019 13:09

:-O

'Human bone found in Primark socks not crime-related, police say'

[gateside] 11/12/2019 16:55

Ex div in the morning