Associated British Foods Share Discussion Threads

[philanderer] 23/3/2020 00:24

Indeed FTSE futures -300pts

Never more obvious now that you should only ever buy shares with money that you can afford to lose.

[suetballs] 22/3/2020 15:28

Yes this will be messy tomorrow.
Suet

[essentialinvestor] 22/3/2020 14:34

FT reporting Primark temporarily closing UK stores due to the coronovirus.

[tlobs2] 17/3/2020 16:32

Light at the end of the tunnel? ;-)

[el chupacabra] 16/3/2020 18:11

tree shake?

[philanderer] 16/3/2020 10:31

Only just turned on. Must have looked weird earlier :-)

[ny boy] 16/3/2020 10:13

I tried to buy some at 5p got rejected lol

[tomboyb] 16/3/2020 09:56

Suspended -

see rns

[jayson26jay] 16/3/2020 09:55

why is share price 0p?

[tlobs2] 11/3/2020 09:19

Wise words from Goldmans.

[philanderer] 06/3/2020 10:23

6th march Goldmans 'buy' tp 2960p cut from 3000p

[philanderer] 27/2/2020 12:22

BERNSTEIN CUTS ASSOCIATED BRITISH FOODS PRICE TARGET TO 3065 (3125) PENCE 'OUTPERFORM'

RBC CUTS ASSOCIATED BRITISH FOODS PRICE TARGET TO 2700 (2850) PENCE - 'SECTOR PERFORM'

[philanderer] 26/2/2020 13:16

BERENBERG CUTS ASSOCIATED BRITISH FOODS TO 'HOLD' ('BUY') - TARGET 2700 PENCE

[philanderer] 25/2/2020 18:03

Dog of the day for my lot.

[philanderer] 25/2/2020 10:51

Virus pain could yet strike Associated British Foods


Coronavirus had had little impact on Associated British Foods’ (ABF) half-year results but Hargreaves Lansdown says it may come under longer-term supply chain strain.

The group, which operates food brands and owns Primark, used its half-year results to warn some of its food factories were operating at lower capacity because of the outbreak of Covid-19 and although Primark has been unaffected that could all change.

Analyst Sophie Lund-Yates said there was concern about Primark disruption because it ‘sources a broad range of its products from China’.

‘The good news is the group has existing suppliers in other regions, which could be called on to plug any holes in the production line,’ she said.

‘It also builds stock in the lead up to Chinese New Year, meaning it has extra inventory to fall back on for now. The net effect is Primark is well placed to handle near-term disruptions, but it’s one to keep an eye on.’

[suetballs] 24/2/2020 15:24

A very professional outfit.
Suet

[philanderer] 24/2/2020 10:48

ABF considers stock building to counter Coronavirus risk to supplies

[philanderer] 24/2/2020 10:16

My best performing share today .

Open:

Primark owner Associated British Foods was in the red after saying it was looking at stepping up production from Asian suppliers to mitigate any longer-term impact from the coronavirus in China where it sources a broad assortment of products. The company said sales at Primark are expected to be 4.2% ahead of last year in the first half at constant currency and 2.5% ahead at actual exchange rates, driven by increased retail selling space and level like-for-like sales.

ADVFN

[tlobs2] 24/2/2020 08:57

I am pinning my hopes on this being the one in my portfolio to turn blue later ;-)

[skinny] 24/2/2020 07:54

Unfortunately it won't matter today - looks like -117 ish at open.

[tlobs2] 24/2/2020 07:53

And overall very positive it is too :-)

[philanderer] 20/2/2020 20:25

Pre close trading update on monday.

[philanderer] 20/2/2020 10:14

Primark could be struggling with it's imports from China with this virus, as container ship movements are now restricted

Reported on LBC business