Associated British Foods Share Discussion Threads

[philanderer] 07/9/2020 17:42

Pippa Stephens, a retail analyst at GlobalData, said Primark had exhibited impressive resilience during the pandemic.

But she said the group should invest more in its out-of-town sites as city centres would continue to be troubled: “Though in the UK, the government is now encouraging the public to return to work and make non-essential travel journeys again, consumers are still likely to refrain from visiting these busy areas for some time, leading to a long-term decline in footfall.”

[essentialinvestor] 07/9/2020 16:53

Mark up may have been sold off on the potential threat of further lock downs/restrictions to come. Otherwise this might be £24/25 a share.

[philanderer] 07/9/2020 16:40

.......more than half the drop off in sales can be linked to just four of its 189 stores - those in Manchester, Birmingham, London's Oxford Street and Edinburgh.

[spoole5] 07/9/2020 16:30

Still taking a massive hit on primark profits which make up more than half of group. Not expected to recover to pre covid levels until 2023 at the earliest

[philanderer] 07/9/2020 14:08

Yep, that bounce didn't last long.

[babbler] 07/9/2020 11:13

Any other share would have flown... Hey ho.

[babbler] 07/9/2020 10:52

OK doesn't show on the app :(

[skinny] 07/9/2020 10:21

Babbler - post 2205, is a link to the current Target price consensus (brokers).

[babbler] 07/9/2020 10:19

https://www.thetimes.co.uk/article/primark-sales-soar-after-lockdown-sd6frcxq0

[babbler] 07/9/2020 09:18

Maybe the market will recognise it... Tomorrow.

[tlobs2] 07/9/2020 08:27

You couldn't have asked for a better upgrade than that. Well done.

[babbler] 07/9/2020 08:14

Very strong update here

[philanderer] 04/9/2020 10:11

Trading update monday.

[philanderer] 26/8/2020 17:57

Bread price may rise after dire UK wheat harvest

[philanderer] 23/8/2020 09:17

Worst UK wheat harvest in 40 years prompts flour price hike fears

[games] 21/8/2020 08:37

Sales in clothing shops grew by 11.9% last month while online shopping fell by 7%.

[philanderer] 19/8/2020 11:07

Primark owner Associated British Foods was boosted by an upgrade to ‘outperform217; from ‘sector perform’ at RBC Capital Markets, which said ABF had been left behind in the recent sector rally even though the prospects for its two main businesses are improving.

AVFN market report