Associated British Foods Share Discussion Threads

[essentialinvestor] 08/10/2020 17:40

Sold some today on fears shops will be forced shut again, hopefully wrong on that.

[tlobs2] 06/10/2020 10:16

My daughter reports back that following her visit yesterday the new massive Primark store at the Trafford Centre is excellent. She also likes the fact that it's out of town so she doesn't have to travel into the city centre.

She was surprised how busy it was for a Monday even with social distancing.

[essentialinvestor] 29/9/2020 09:00

Had a few this morning.

[essentialinvestor] 25/9/2020 15:11

On a longer term view the current price looks attractive.

Primark should outperform in a challenging economic environment.

[essentialinvestor] 21/9/2020 09:04

Well under £19.

[essentialinvestor] 20/9/2020 20:31

Wider UKX was significantly lower in March, needs to be kept in mind.

[essentialinvestor] 20/9/2020 20:11

* 1554 approx.

[s34icknote] 20/9/2020 20:01

What's the true yearly low on this one ??Shows .1p

[essentialinvestor] 19/9/2020 11:20

Might see below £19 next week.


What may now start to happen is the scaling back of 2021 FY estimates.

[essentialinvestor] 18/9/2020 16:35

Added back 30% of what I sold on Wednesday.

[essentialinvestor] 18/9/2020 15:40

spoole, it's akin to a lockdown by stealth atm, there are now around
10 million people in England living under restrictions, in addition to
the rule of 6. Shops remain open for now, but growing social restrictions
are not supportive to the short term share price

[spoole5] 18/9/2020 14:55

Investment here entirely depends on whether you think we're heading back into lockdown. If we aren't they're cheap.

[essentialinvestor] 18/9/2020 11:19

What a difference a couple of days makes, eh

[essentialinvestor] 17/9/2020 21:53

How long before restrictions on non food shops again?.


Quite incredible what's happening, this is only mid September.

[essentialinvestor] 15/9/2020 16:11

Nice day and I'm out on that. If you have patience and can ignore the
short term noise this looks a nice play for 2021. Hopefully an opportunity
to buy some on a bad day.

[essentialinvestor] 14/9/2020 11:49

Morning Phil, it did at the open. Sold some at 19.68 which I've just bought back.
Potential for COVID related closures are weighing heavily atm.
Pubs will be first to close before retail imv. Hopefully it won't get to that point.

[philanderer] 14/9/2020 11:04

RBC RAISES ASSOCIATED BRITISH FOODS PRICE TARGET TO 2,350 (2,300) PENCE - 'OUTPERFORM'

[philanderer] 14/9/2020 10:29

Midas carrying no weight at all :-)

[essentialinvestor] 13/9/2020 01:32

Thanks Phil, added a few @ 19.47 before the close on Friday.
Once we are through the next few months of COVID, longer term looking good
at under 17 x FY 2021.

[philanderer] 12/9/2020 23:53

MIDAS SHARE TIPS: Want profits to rise? Put an ingredient like baking giant Associated British Foods in your mix of investments

[essentialinvestor] 10/9/2020 21:17

FX may become a headwind here on further GBP weakness.

[spoole5] 09/9/2020 11:55

Well they would have to reintroduce the furlough scheme which I'm sure they won't be keen on!

[essentialinvestor] 09/9/2020 11:48

spoole, would hope you are right on that.

I'm a little surprised they are moving so quickly to impose
restrictions on social gatherings again.

[philanderer] 09/9/2020 11:38

BANK OF AMERICA RAISES ASSOCIATED BRITISH FOODS PRICE TARGET TO 2000 (1950) PENCE - 'UNDERPERFORM'