Associated British Foods Share Discussion Threads

[essentialinvestor] 09/11/2020 14:48

At over 30 X earnings 5 years ago there was bullish unanimity from brokers.


Multiple at Friday's close on 2022 earnings once the £1,5 billion in cash was netted off was ...

wait for it .... 11.5x

Brokers universally positive at over 30x and cautious at under 12 X.

Do your own thinking imv.

[tlobs2] 09/11/2020 14:33

I think they were nearer the mark at 2,350p phil ;-)

[philanderer] 09/11/2020 14:19

RBC CUTS AB FOODS PRICE TARGET TO 2,100 (2,350) PENCE - 'OUTPERFORM'

[essentialinvestor] 09/11/2020 14:15

It keeps going up.

[spoole5] 09/11/2020 13:02

Are they allowed to open 24 hours?

[essentialinvestor] 09/11/2020 12:48

That's my £19.50 end of December price hit already.

£20 plus this week?.

[essentialinvestor] 09/11/2020 12:31

£26 a share the 'pre COVID' price in January.

[essentialinvestor] 09/11/2020 12:10

£19.50 now looks way too cautious given the initial reaction.

[tlobs2] 09/11/2020 12:04

Spoole5 I understand some Primark stores are going to be open 24hrs a day in the run up to Christmas.

[essentialinvestor] 09/11/2020 11:48

Brilliant news on a COVID-19Vaccine from Pfizer.


I'm upgrading my end December target price to £19.50.

[spoole5] 09/11/2020 10:19

Will be queues outside every primark when they reopen

[essentialinvestor] 09/11/2020 09:44

IMV we may be looking at a repeat of June when Primark UK stores reopened.

Look at the ABF chart from this year, the share price began rising nicely approx

4 weeks before the shops reopening.


Also pretty sure this is the last national lockdown for England.

[cravencottage] 09/11/2020 08:11

Tucked a few away..

Wales coming out of lockdown today will get those fundmanagers licking their lips over ABF.

[gateside] 05/11/2020 19:30

No Lockdown up here in Scotland. Primark shops all still open. And they will reopen in Wales next week.

[spoole5] 05/11/2020 18:39

I like TATE, have a long term holding. Nice trade over the last few days though.

[essentialinvestor] 05/11/2020 16:13

No way March, the damage being done to the economy is extraordinary.


Added a few having closed my TATE trade.

[spoole5] 05/11/2020 13:54

Lockdowns till march then

[essentialinvestor] 04/11/2020 16:04

Chairman in for 9,000 shares.

[philanderer] 04/11/2020 13:43

CREDIT SUISSE CUTS AB FOODS PRICE TARGET TO 2,400 (2,430) PENCE - 'OUTPERFORM'

JPMORGAN CUTS AB FOODS PRICE TARGET TO 2,250 (2,740) PENCE - 'OVERWEIGHT'

GOLDMAN SACHS CUTS AB FOODS PRICE TARGET TO 2,050 (2,360) PENCE - 'NEUTRAL'

[essentialinvestor] 03/11/2020 18:40

Less than £1.30 away from my late December £18.50 target price.

I'm upgrading to £18.75 before 31 December.

(this assumes wider UKX near current levels).

[essentialinvestor] 03/11/2020 16:32

Another strong close.

[essentialinvestor] 03/11/2020 14:49

HOD close again would be nice.

[philanderer] 03/11/2020 13:43

Primark boss: let’s open all hours to save Christmas

[gateside] 03/11/2020 13:01

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