Thanks. I was tempted to buy a small amount yesterday, however have held off untill post the next update. |
core primark customer is under strain, especially their discretionary spend. will be worse after spring statement and rumours of benefit cuts. chart looks dicey. |
Ouch - fall in €uro and US$ will have cut a bit off revenue. |
Guidance cut on the way.. |
?ow of the year |
I decided to sell out this morning. Been a long term holder and leaving with a big loss. The figures just don't justify any future increase in the share price. Good luck holders. I will move on to another venture. Disappointing update in my view. |
if 2050 not held this week then 1800 is fav. uk retail has some bigger than average headwinds this year. to thread the needle this year will take something special for those in the sector. what went before may not necessarily repeat. let the price be your guide. |
Fat fall in UK Primark sales, out for the moment.
I suspect the muted share price reaction (today, so far) is because expectations were already low - as per the recent ABF share price fall. |
Well, kind of inline, with a few caveats. Suspect will be neutral market response. |
Slightly apprehensive about the TU tomorrow.
Hopefully any indifferent news is already in the price - down 25%+ since September last year.
Fingers crossed.
Suet |
Getting bashed again today.
Citi cuts to sell - tp £17.77.
Phil looks to have called it right.
Hey ho.
Suet |
Sold out .
Luck to holders. |
ABF now selling around the COVID plunge low earnings multiple - however the current multiple is based on a very strong recent FY.
They may reduce FY guidance on the January update, otherwise this is now looking attractive. |
Falling GBP is supportive, however we need to see how Primark UK sales are fairing. |
EI l do remember but at these levels I think Abf is maybe good value.
Two dividends received today have cheered me up a bit. But 2025 is going to be very challenging.
Suet |
suet, I'm not sure how long your memory is..but ABF sold on a mid 30's X at one point.
I warned about it (posts are on here) at the time as considered multiple mean reversion would kick in once Primark's incredible growth began to slow - it was Primark growth that predominantly drove the valuation of the wider business. |
Retail in the UK has been smashed by this government. Just too much increased costs to deal with. |
Yes next is a "loved" share.
Perhaps it's the Weston ownership. Perhaps we should float Primark - in the US of course.
Suet |
Suet
Next over 5 years 39% +
ABF over 5 years 26% down
Some difference |
Well judging by the current share price action the trading update on 23th January is going to be an absolute disaster.
abf imo has never been an overly loved share and when bad news is about it seems to get unfairly hammered.
I have held forever - perhaps I should move on.
Suet |
Great results at Next - up 2%
No news from abf - down 2%
Come on abf prove the markets have got it wrong.
Suet |
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