Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
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well maybe not, lol. still a good share and will get to 3500 before I retire and that's all that counts, long term good share.
Apologies for board hopping but- The petition is going quite well; ~4500 signatures so far. Although it really needs a turbo boost. https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016. The FCA don't even reply on the matter, now is your chance to have your say. If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog. My local MP supported this petition by writing to the petitions committee to help un-stall it. There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go! 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. We are currently getting approx. 100 new signatures a week, but need 3x that amount to reach the target with only 15 weeks to go. At 5000 I will send this to the PM & the chancellor as well as my MP again. 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. If each person who has signed can get just one other person to sign then we will double the total immediately. I have posted to all aim listed gas n oilies, currently doing the footsy 100. But I can only do so much to push this. Really need you guys & gals to help. Thanks to all who have signed so far. We really need a social / media savvy individual to help generate more interest in this.
for a SHORT position tomorrow,
DOH!
On the way, 3123-3133p?
Associated British Foods' expectation for the 52 weeks to 12 September is unchanged with a slump in its sugar division offsetting progress at Primark and higher operating profit at constant currencies for the grocery, agriculture and ingredients arms. Wondering which one to believe then, 07 Sep Liberum Capital Buy 07 Sep Canaccord Genuity Sell
SELL for TARGET 3150 The trend of ASSOCIATED BRITISH FOODS PLC shows selling side. Support level of 3200 with the stop loss of 3230. Stock is trading in a range and trading near the trend-line. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with negative bias. RSI is trading near to 49.61 level with negative bias, in upcoming session downside movement is expected. MACD and Signal line is sustaining below the zero level line. Skype tayal.smith1
BUY for TARGET 3300 The trend of ASSOCIATED BRITISH FOOD PLC show buying side. Resistance the level of 3262 then it can test resistance level for the target of 3300 with the stop loss of 3230. Stock is trading in a range and trading near the trend-line. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias. RSI is trading near to 61.61 level with positive bias, in upcoming session upside movement is expected. MACD and Signal line is sustaining above the zero level line. Skype tayal.smith1
TARGET 3180 The trend of ASSOCIATED BRITISH FOOD PLC shows buying strength. If it breaks the resistance level then one can initiate the buying position in the stock. Resistance level of 3142 then it can test the target level of 3180 with the stop loss of 3110. Stock is trading above the 50 DMA with positive bias. INDICATORS:- RSI is trading near to 57.68 level with positive bias, in upcoming session upside movement is expected. MACD and Signal line is sustaining above the zero level line. Skype tayal.smith1
TARGET 2835 Trend of ASSOCIATED BRITISH FOODS PLC shows selling strength. If it breaks the support level then one can initiate the selling position in the stock. Support level of 2865 with the stop loss of 2895. Stock is trading in a range and trading near the trend-line. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with -ve bias. RSI is trading near to 41.22 level with -ve bias, in upcoming session downside movement is expected. Skype tayal.smith1
TARGET 2840 Trend of ASSOCIATED BRITISH FOODS PLC shows selling strength. If it breaks the support level then one can initiate the selling position in the stock. Support level of 2910 with the stop loss of 2970. INDICATORS:- RSI is trading near to 34.75 level with negative bias, in upcoming session downside movement is expected. MACD and Signal line is sustaining below the zero level line. Skype tayal.smith1
With ABF showing good growth in previous years and with no sign of it slowing up surly the dividend return should reflect this. I honestly think it falls well short of what it's % return should be. Was hoping for at least a 1.5% raise this year on the previous year but it looks unlikely. Real shame. Great investment in the long term but once the growth starts to slow I can't see the appeal.
Profits at Associated British Foods fell in the first half as the surging performance of its Primark fast-fashion chain was outweighed by a weaker sugar business. Group revenue rose 1% to £6.25bn and adjusted operating profits were down 5% to £474m, though adjusted earnings per share rose 1%, which was better than the anticipated slight decline.
Associated British Ports embroiled in bidding war as buyers race to buy a stake: Three bidders are racing to buy a 33% stake in Associated British Ports which is being auctioned by Goldman Sachs and Prudential for £1.2 billion.
Primark buoys food-to-fashion group AB Foods with expected 12% hike in sales: AB Foods is reaping the benefits of low inflation and falling energy costs, as consumers with a little extra cash in their pockets are helping to buoy sales of high-end Twinings tea and clothes at High Street darling Primark.
Primark owner and food ingredients group Associated British Foods reiterated its guidance for a small fall in full-year profits this year, saying that underlying trading has been in line with expectations. However, for the first half ending 28 February 2014, adjusted earnings per share should be in line with the prior year on the back of a lower tax rate
ABF shares too expensive as Primark slows: Associated British Foods, the Owner of discount clothing brand Primark, reported rising sales during the vital Christmas trading period. The company, which also owns sugar production, agriculture and grocery businesses, has Primark to thank for its recent success. Primark has more than doubled profits from £309 million in 2011 to £662 million in 2014. The clothing retailer made up more than half of the group’s total pretax profits of £1.02 billion for the year ended September 2014. Primark’s rise to becoming a high street giant was initially funded by the extremely profitable sugar business, but this commodity has suffered a dramatic reversal of fortunes. The sugar price has tumbled from €700 per tonne three years ago to just €395 a tonne. As a result, profits from ABF’s sugar division have fallen from more than £500 million in 2012 to £189 million last year. However, the company recently said it was now “seeing some stabilisation” in the sugar price. ABF has been expanding its sugar operations in international markets. China, in particular, has been one focus, but weak sugar beet harvests and falling prices have hit progress. The company said it will close three factories in China, leading to write-downs of £128 million in its next set of results. ABF’s balance sheet is looking solid, with net debts falling to £804 million at September 14, from £1.06 billion a year earlier. This is against net assets of £6.1 billion. However, ABF’s shares are beginning to look awfully expensive, trading on 29 times forecast pretax profits of £1.07 billion, giving 105p in earnings per share. Associated British Foods at £31.47+112p Questor Says “Sell”.
Sugar daddy: You cannot accuse George Weston, Boss of Associated British Foods, of ignoring an opportunity. If you visit him at ABF HQ on a rainy day, he will sell you a £3.50 Primark umbrella on the way out. Nor has he missed a beat in expanding the fast fashion chain, whose low-cost formula has caught the post-crisis mood. Sales jumped 15% in the last quarter driven by exceptional trading in France. Beets of the tuberous kind are, however, a problem for ABF’s legacy sugar business. ABF is stopping production from China’s Heilongjiang province. Runty rhizomes have been its nemesis. The result will be an interim write-off of £128 million, just £18 million of it in cash. Sugar prices are weak, the dollar is strong and consensus full-year profits before tax will ease 1% to just over £1 billion, according to Citigroup. ABF is a conglomerate of disparate parts run by a second-generation member of the controlling family. Its shares are expensive, trading at 29 times forward earnings, just ahead of Inditex. What’s not to like? Remember Mr Weston’s wheeze with the brolly.
Primark dresses up ABF’s weak performance: Primark’s trading proved robust over Christmas as shoppers across Europe snapped up low-cost clothes, offsetting problems at the sugar division of its parent, Associated British Foods
Mild weather causes Primark’ sales to falter: Discount Fashion chain Primark has seen its sales fall short of hopes because of the unusually mild weather, said parent firm Associated British Foods (ABF).
Looks high now, time to be getting out or go SHORT
ABF shares look too expensive: Conglomerates are dead, long live conglomerates. Associated British Foods delivered a strong profit performance despite being the bête noire of most management consultants and business schools in the country. The company reported pretax profit up 17.5% to £1.02 billion in the year ended September 14, as another strong performance from clothing retailer Primark offset its struggling sugar business. Questor was more impressed by the cash generated during the year. Net cash from operations surged to £1.44 billion, up £163 million on the same period last year. This means that even after spending some £676 million opening 25 new stores across Spain, France and the U.K., and expanding retail space by 8% from a year earlier to 10.2 million sq ft, the company could easily pay investors £256 million in dividends. ABF has been a solid performer for investors, and the only issue here is the reliance on Primark. The discount clothing group contributed 43% of the group’s operating profit last year. With about 60% of the store portfolio in the U.K., how long can the British consumer carry growth? AB Foods at £27.83+112p Questor Says “Sell”.
Primark’s fashionistas must avoid rivals’ wardrobe malfunctions: Primark’s £5 T-shirts generally end up in one of three places: on a value conscious shopper; in a bargain bin discounted to £2; or trampled underfoot by thousands rushing to the aforementioned bins. Online devotees call it Primania. Fashionistas call it Primani. Analysts call it more profitable than Marks and Spencer. Well, nearly – Citi expects Primark’s 2015 earnings before interest and tax to reach £730 million, getting ever closer to the £755 million forecast for M&S. Fans of inexpensive neckwear dismiss the problems in ABF’s sugar division as the inevitable result of an end to EU food quotas – and point out that margins in its grocery division are the best they have been in a decade. They say the “look” that investors are buying is more influenced by Paris. And Pennsylvania. As one analyst points out, Primark has become a top 20 clothing retailer in France with just five stores. At its Créteil branch in Paris, 4,500 shoppers stampeded through the doors when they opened for the first time. In the U.S., Primark will have opened three stores by Christmas, and five more by 2016 – including one in country’s biggest mall, north of Philadelphia.
Primark Owner announces plans to open further stores in U.S., including its first in New York: The Owner of Primark has announced plans to open further stores in the U.S., including its first in New York.