Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Odd. I was responding to a question about how much profit the cannabis operations was generating. That question has disappeared....
I don't have any hard facts on that. This article (https://www.verdict.co.uk/british-sugar-cannabis-uk-medical-marijuana/) says the CBD industry in the UK is worth £200 million. I'm not sure that is helpful.
The Telegraph had an article on this when they began this business that gives a reasonable description of what they are doing. https://www.telegraph.co.uk/business/2016/10/25/british-sugar-to-cultivate-cannabis-plants-in-norfolk-for-gw-pha/
The tatest interim results, for 24 weeks, showed the sugar division with £769 million in revenue and £1 million in profit. Cannabis is part of the sugar division, I believe. I don't think it is yet a significant factor, though it has the potential to become so.
With Wilmar.
https://www.abf.co.uk/media/news/2019/abf-announces-joint-venture-with-wilmar-international
Seems like a good move in principle but I don't know enough about the Wilmar situation to know whether the price agreed is good for ABF or not. I don't see any particular risks on the China/US trade war situation that would be negative for this.
A big factor in the price is the expansion of Primark to America. There's a premium on the price because of the expectation that is going to be profitable. If it works, this one will take off. If it doesn't, the price is likely to drop even if the results are pretty good. I'm in because I think they'll make it work pretty well.
The results were not too bad and price started going in right way, but sadly didn't last long enough :(
sadly dragged down by Sugar division again but Primark performing well and divi increased. Interesting to see what BoD will do to improve the sugar biz. SP nicely up. Let's hope it continues.
Given the winter has just ended and people eat more/buy warmer clothes and with the financial uncertainty of brexit, I think this is going to give good numbers tomorrow, notwithstanding the slight downside in relation to the beet production which may dent slightly, as the last release stated increased profit from better cost control. We shall see....
I ask the question is it possible that ABF could be looking at Premier Foods as a likely takeover target , perhaps their sugar and other ingredient takeoff requirements would enhance ABF share price and turnover , or perhaps ADM might go into a joint venture with them to offload some of their flour and other interests .PFD share price is certainly very low at present after disastrous management decisions and strategy ,I believe the sum of the parts is greater than the sum of the whole. Watch this space , something has got to happen in near future .PFD shareholders are very unhappy after McCormack rebuff which would have put money in their pockets..
TOP NEWS: AB Foods Says Primark Christmas Sales "Exceed Expectations"
LONDON (Alliance News) - Associated British Foods PLC on Thursday reported a strong performance during the key Christmas trading period, with sales at retailing arm Primark coming
[17 Jan '19 07:22]
Can't comment on the wider business as had limited exposure to it but do have a working knowledge of the Primark side at a strategic level.
There are lots of things for the business to be proud of, ethical sourcing for a start.
There are also areas where the strategy has not yet caught up with the scale. Decisions that were correct at 50 - 100 stores are not always correct for 300 - 500 stores.
They are aware and have started to take steps to resolve some of the issues already.
They have made good progress in new markets in Europe and the US, they have not yet exploited the counter seasonal effect the southern hemisphere offers to reduce markdowns and obsolete stock holding.
Personal viewpoint is that they would be a great success in Asia, S.Korea in particular would be worth consideration.
I see Primark as a continuing success. That said, it is not a business without risks and challenges, labour rates are going up, labour availability is going down, sustainable cotton production will come under pressure, keeping supply channels open and onboarding new suppliers will therefore become a challenge and may require alternative and more diverse sourcing policies.
The negative press regards fast fashion and the throw away society add to the mix.
Above all things the fickle nature of the target market is probably the single biggest risk factor.
If Primark falls from favour and the tide turns to one of the other fast fashion retailers the decline will be swift and brutal.
Why are we seeing such a constant drop in SP at the moment?
Maybe Primark foresees more of this kind of thing https://www.v3.co.uk/v3-uk/news/3065360/uk-government-goes-it-alone-with-digital-services-tax-tailored-for-amazon-ebay-facebook-and-google
"Our full year outlook for the group is unchanged with progress expected in adjusted operating profit and adjusted earnings per share. Strong profit performances this year from Primark, Grocery, Agriculture and Ingredients are expected to more than offset the adverse effect of lower EU sugar prices."
A buy for me and just hope it isn't tipped in any newspaper as folk are beginning to get suspicious of that kind of thing.
Insurance will pay out.
Huge fire after recent undergone a £30m refurb, its a write off or impairment
www.dailymail.co.uk/news/article-6105899/Shoppers-evacuated-Primark-store-historic-Belfast-building-gripped-huge-blaze.html
Sorry I will finish that. Retail sales were up overall because online sales increased but high street footfall dropped. Probably the drop overall is too much as this averages a pe of 17, but it’s hard to see where the growth is coming from unless Primark really ramps up. And if investors aren’t investing fir growth they certainly aren’t investing fur tyevdividend it’s too small.
Sugar as always has been a drag even though it only accounts for a small part of the business. Primark only works in busy footfall areas. Last month highlighted the dilemma in the news. Retails sales online was up
What's everyone's view on the dramatic fall = 30% drop since November?
Primark can no longer 'paper over the cracks' in the rest of the business?
High Street demise?
No online platform?
Interested to hear
Thanks
Had a look - thought it was because Primark was expanding and prospering yet the High Street is doomed. Young relative of mine a retail manager here following a degree in Risk Management and securities, derivatives and investment or some such - which tells me something anyway. Maybe David Davies (Tate and Lyle man in his prime) has stopped taking 8 sugars in his tea. Whatever twont always be this low.
I just come in to this at 3,029. Seems like a good deal so far. I got a feeling this one is going up soon.
was showing over a £5 drop earlier must be a LSE problem
what's the story here why the big drop?
Sorry for not responding as I have not looked at abf until today keeping a close eye on. At present I have been busy so not reviewed any shares. I have also been stuck in cna for a while now got the divi banked and bought a few at various stages. A small paper loss mate though as my initial buy was over £2.15 but should see that breached over the next few months post election. A lot of shares have progressed well over last few weeks so if I was you I would wait for some pre election retraces and then look to buy. I was going to say vod and BP however they are up so again a bit overpriced. Like I said been busy and also looking to set up a site with my data, but I want it to be easy for investors to get some key quick info with a small scan, once my demo site is set up I will share or should I say if my demo site ever gets set up ;). Gla
At 4pm today ABF unlike other retailers signalled a potential bullish signal. The price dropped to £26.04, and the predictor suggests that if ABF drops to a price of £25.78 or below over the next 3 trading days then, there will be a bullish move upwards to £28.24. The indicator suggest that the price drop has to happen within 3 days if not then I would not suggest buying, if the drop happens after 3 days then there may be a more bearish signal on ABF. On a pure fundamental basis ABF has a decent graham score and good cash in bank with a decent strategy in place for growth.
The petition is going quite well; ~6450 signatures so far. ONLY 1 week to go !!! https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog. New chancellor, shaddow chancellor, most MP's & the Stock Exchange aim committee. If you follow tweeters etc, send it to them please! If this petition doesn't reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond.as well as So , If you haven't yet signed or indeed have but haven't passed it on to others, then now's the time to do so