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what a pathetic dividend coming up, 0.27% at current share price.
Anyone know how much they spend to capex and fit-out a primark store?
Even if the new variants overwhelm the NHS and we pay a high and painful price in fatalities in the short term, in the medium term the vaccine should change the virus from a horrible killer into a bad flu. I don't see this as really impacting the long term investment case for this company.
Associated British Foods (ABF) may have taken a Covid-19 hit via its Primark brand but its food business means it is in ‘rude health’ and the shares are ‘under-rated’, says Shore Capital.
Analyst Darren Shirley reiterated his ‘buy’ recommendation on the stock, which closed up 34p, or 1.5%, at £22.55 yesterday, despite warning it faces a loss of £1bn in the first half if lockdown keeps its Primark clothing stores shut until the end of February.
‘Our key takeaway is that outside of Covid-19 impacted retail the business is in rude health, with all food-related activities trading ahead year-on-year and above start-of-year expectations,’ he said.
Although retail is under pressure in the short-term, Shirley said the broker continues to see ‘still-immature Primark as a medium to long-term winner’.
‘We view the stock as under-rated given it operates a high-quality portfolio of global and local grocery brands, a sugar business of global scale that looks well placed to deliver higher and more sustainable levels of profitability…and a Primark business that remains highly immature,’ he said.
irrational and stupid I was long in ABF but closed my possition witl small lose just to see share recover and even go up 1 percent Where as boohoo reported very good result and went down 5 percent at some point WTF is this
So they may make a loss of 1B if lockdowns continues. So in this crazy world watch the share price go up lol. Just like Greggs made their first ever loss and the sp shot up several £’ssss. Nuts!
?
Right, he's sold less than half a million shares, like I said.
Have you researched how much he still holds? He's still the beneficial owner of about £87 million, he sold about 12% of what he owned. Hardly a mass divestment.
I suggest those freaking out over this read the RNS announcements carefully. George Weston has transferred millions of shares into a trust. There has been "no change of beneficial ownership" -- that means he controls the trust. It might be a charitable trust or something being done for estate planning, I haven't tried to find out. It's not my business or my concern, if he still owns / controls the shares, but now indirectly instead of directly, it's not relevant to my investment decisions.
He's also sold under half a million shares. This may be due to tax liabilities on the setting up of the trust. It may just be he wants to take a long and expensive holiday. Maybe he wanted to give big Christmas presents to all the little Westons. It's not really a concern to me, as many shares as he controls, if he decides to sell that many.
It's not accurate to say he's sold millions of shares. He's transferred millions into a company or trust that he owns and controls.
Covid-19 restrictions continue to disrupt Associated British Foods (ABF)’s Primark stores but Shore Capital says investors should take advantage of any weakness in the share price.
Analyst Clive Black reiterated his ‘buy’ recommendation on the group, which bucked the wider market rise to fall 1.68%, or 38p, to £22.26 yesterday.
Black said he was not engaging ‘in a moving feast of forecast adjustments’ and will instead wait for a formal update on the figures as, despite the disruption to Primark, the grocery operation is expected to be ‘a net beneficiary from Covid-19-related market conditions’.
‘Through no fault of its own, the New Year news remains a bit mellow for Primark, but we would take advantage of any markdown in the ABF share price as equity markets reopen, should that occur, to participate in a fundamentally high-quality stock, one where Primark in particular is set to be a winner,’ he said.
on tuesday If tomorrow will go up based on those news than i stop playing market Its ridiciolous
3 director sell RNSes in less than a month is good enough reason for me to get of this. On top of that we have delayed vaccine and the new variant virus found in the US and Australia. Sold out first thing this morning.
This is going below 2000 for sure.
Massive Director sell is worrying , no doubt we will find out reason soon enough. 31st December 2014 this was £31.15p a share ; and £33.42 31st December 2015 , slippery slope ever since ! Strange as Primark is such a great success !
???
I sold out of this one far too quickly and missed the nice rise, looks solid.
No opposite, shows if we retest of consolidation highs then a strong rise over several months is due .
I’m not familiar with this charting pattern; does it suggest a topping formation and therefore anticipates downside?
Any fans of the dark art , my reading is we just had the final consolidation phase, SOS signal , before next phase is entered after a retest .
Any thoughts , lack of a clear trigger is only real concern.
GLA
Potentially positive for holders here?
https://www.londonstockexchange.com/news-article/market-news/eu-courts-clear-the-way-for-cbd-in-europe/14766376
Pretty bullish sentiment from brokers around this stock: https://markets.ft.com/data/equities/tearsheet/forecasts?s=ABF:LSE
I’ll gladly take a 4% rise daily... and I note a broker target of 2260, however any further upside could be limited by the 50DMA on the Weekly chart.
I joined the party today, plan to hold for some time within my ISA and see if this provides a good return.
I’d like to think this might be a sound share to hold if/when medical cannabis is made legal here in the UK. Does anyone have any thoughts on this and whether it could a) happen and b) really impact the share price?
Cheers.
Monday, what a day.
May get some retrace.
It's in the price and a gift of a price in the medium term.
Christmas has come early- all imv, dyor etc.
Evrytime is already priced in, from £27 a share to £16 a share. Around then 40% lower - so is the profits, they have enough cash reserves so good time to buy more