Associated British Foods Share Discussion Threads

[gateside] 03/11/2020 13:01

With English lockdown and closing of Primark for a month. Makes sense not to pay a dividend.

[philanderer] 03/11/2020 11:52

Understandable I reckon given the virus outlook / trading uncertainty.

[spoole5] 03/11/2020 08:07

No divi, could have easily paid one

[essentialinvestor] 02/11/2020 17:28

I would be surprised at that.


Pretty sure they will beat expectations though.

[spoole5] 02/11/2020 17:24

Divi reinstated tomorrow?

[essentialinvestor] 02/11/2020 17:17

Closing at the HOD again, as with Friday.

[essentialinvestor] 02/11/2020 14:06

HL also appears to have turned bullish on today's comment.

[philanderer] 02/11/2020 14:02

BARCLAYS CUTS AB FOODS PRICE TARGET TO 2,280 (2,400) PENCE - 'OVERWEIGHT'


CREDIT SUISSE CUTS AB FOODS PRICE TARGET TO 2,430 (2,530) PENCE - 'OUTPERFORM'

[spoole5] 02/11/2020 12:24

Plus many weak competitors will struggle. Foods business will be going great guns with hospitality closed

[essentialinvestor] 02/11/2020 12:21

At a guessestimate landlords will be taking some of the pain here.

Also good to see they are paying all suppliers.

[spoole5] 02/11/2020 12:18

May actually be beneficial if takings go through the roof for 3 days then the state paying wages for a month

[essentialinvestor] 02/11/2020 12:04

spoole, as mentioned it was already in the price pretty much.


Unless wider equity markets were to trade makedly lower

[spoole5] 02/11/2020 10:13

Cash position improving

[essentialinvestor] 02/11/2020 10:08

May close up on the day.

[spoole5] 01/11/2020 22:19

Yep, expected the government to use common sense!

[essentialinvestor] 01/11/2020 21:28

spoole515 Oct '20 - 13:48 - 2276 of 2311
0 0 0
Non food shops will not close, footfall will probably decrease but it won't be a lockdown like last time. The hospitality industry will take the brunt of it which is ridiculous because they are controlled environments. The government are putting that industry under a bus purely for political theatre. The virus is spreading through uncontrolled mixing which isn't controllable!

[essentialinvestor] 01/11/2020 21:27

* which is why the share price is not over £20.50,
the price towards the end of August.


spoole, with respect you have been a country mile behind on this,

posting multiple times shops would not close again.

The share price was well ahead of newsflow and started discounting

this early September, just as COVID cases began to rise again.

[spoole5] 01/11/2020 20:58

But xmas spend will now go to online competitors, and more potential lockdowns next year

[essentialinvestor] 01/11/2020 17:51

FWIW, I expect ABF to be circa £18.50 by the second half of December.


It may be higher as institutions pivot for 2021 post lockdown recovrry plays.

[spoole5] 31/10/2020 18:16

Lockdown at busiest time. Brutal

[spoole5] 30/10/2020 23:22

Looks like full lockdown next week then. Idiots

[essentialinvestor] 30/10/2020 10:59

Gift of a price medium term, not often I make a comment like that.

[spoole5] 28/10/2020 08:15

So full lockdown being priced in here then

[spoole5] 27/10/2020 14:05

Tier 4 lockdown talk not helping here