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Friday newspaper share tips: AB Foods a long-term plan

Fri, 15th Jan 2016 10:20

(ShareCast News) - Future growth in Primark as well as good prospects for sugar saw The Times' Tempus rate Associated British Foods shares at 'buy long term' on Friday.In a trading update for the 16 weeks to 2 January, the company said group revenue fell 2% from the same period last year, but was up 3% at constant currency.Total sales at Primark, which is currently being rolled out across the US, were 7% higher at constant currency but up 3% at actual exchange rates due to the weakening euro against the pound.The maker of Twinings tea said the like-for-like sales performance in the first seven weeks of the financial year was strong, benefiting from comparison with the previous year when the autumn was unseasonably warm.In the following nine weeks, LFL sales were down due to warmer and wetter weather across Europe in the run-up to and over Christmas.Tempus said despite the company's split between food ingredients and clothes retailing, the trading update said it has its advantages.It noted the focus in the past has been on Primark's growth while sugar and food have been hit, but this update showed the situation has reversed due to the mild weather.However Tempus had some questions about what happens when EU production quotes are lifted in October next year."Without going into too much detail, this will depend on the difference between the EU price and the world price," it said."They are not too far apart, and that limitation on production and consequent tightening of stock levels suggests the damage may be limited."Tempus said AB Foods is a company that investors need to take a long-term look at, and subsequently rated it at 'buy long term'.In The Telegraph, Questor was keeping a close eye on stamp dealer and collectibles auctioneer Stanley Gibbons.The company was forced to announce on Wednesday it was considering a number of fundraising alternatives to boost its working capital position before the end of the financial year on 31 March 2016, as shares sank over 10%.It said that while an equity fundraising is an option, the discount to the group's net asset value at which any such fundraising would likely be priced could make it unattractive route to go down.It said it will update the market on the progress of these considerations in due course.Questor said the situation at the company has "worsened at an alarming pace", with the main problem being related to Asia."Asian buyers could usually be relied on for steady sales of high-value, rare stamps, but the economic slowdown in emerging markets has seen buyers evaporate," the column said."Stanley Gibbons is now left with lots of expensive stamps it is struggling to sell, but wages and other costs that still have to be paid."With the outlook not looking much better since Questor last warned investors in September, the pundit rated them at 'sell' again.
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14 Oct 2022 07:33

IN BRIEF: Castelnau invests in equity and loan of Silverwood Brands

Castelnau Group Ltd - closed-ended investment firm - Invests GBP1.6 million in equity and an unsecured loan of GBP4.4 million in Silverwood Brands PLC. Says it is the first significant investment in a new entity since Castelnau was listed on the London Stock Exchange in October last year. Silverwood is a London-based investing company targeting food, organic food, wellness, lifestyle and leisure sectors.

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7 Sep 2022 12:17

IN BRIEF: Stanley Gibbons shares cancelled from trading on AIM

Stanley Gibbons Group PLC - Jersey-based rare stamp dealer - Shares have been cancelled from trading on London's AIM.

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23 Aug 2022 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 24 August 
Amur Minerals CorpGM subsidiary sale
Creightons PLCAGM
Goldstone Resources LtdAGM
Thursday 25 August 
Ince Group PLCGM fundraising
McBride PLCGM increase in borrowing limit
NatWest Group PLCGM re approval of special dividend
Nuformix PLCAGM
Triple Point Energy Efficiency Infrastructure Co PLCAGM
Friday 26 August 
no events scheduled 
Monday 29 August 
no events scheduled 
Tuesday 30 August 
Afentra PLCGM re acquisition of Block 3/05 and Block 23 interests
Harvest Minerals LtdAGM
Iomart Group PLCAGM
JPMorgan Global Growth & Income PLCGM re combination of assets with Scottish Investment Trust PLC
Sivota PLCAGM
Stanley Gibbons Group PLCEGM re delisting from AIM
  
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22 Jul 2022 09:33

Stanley Gibbons sets out plan to delist from AIM, CEO to step down

(Alliance News) - Stanley Gibbons Group PLC on Friday said it seeking shareholder approval to delist from London's AIM junior market, following discussions with its largest shareholder Phoenix SG.

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22 Jul 2022 09:02

Stanley Gibbons names Tom Pickford as CEO

(Sharecast News) - Collectables retailer the Stanley Gibbons Group revealed on Friday the chief executive Graham Shircore will step down from the role on 12 September in order to return to work at Phoenix Asset Management Partners, the group's majority shareholder.

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19 Apr 2022 17:57

IN BRIEF: Stanley Gibbons reports strong trading in second half

Stanley Gibbons Group PLC - Jersey-based rare stamp dealer - Says trading in the second half continued to improve across all areas of the business. Revenue for the year ended March 31 is expected to be USD12 million. Philatelic division has performed well, with both parts of the business showing "good momentum" in recent months. Company adds the second half for the division was "significantly" ahead of the first. Says the Numismatic division performed strongly through Covid. Hopes that the "most profound" impacts of Covid-19 is behind the business.

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19 Apr 2022 11:12

Stanley Gibbons trading improves further in second half

(Sharecast News) - Stanley Gibbons Group said in an update on Tuesday that trading in its second half continued to improve across all business areas, with revenue for the 12 months ended 31 March expected to be about £12m.

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9 Dec 2021 20:53

TRADING UPDATES: LendInvest and Foresight Group assets rise

TRADING UPDATES: LendInvest and Foresight Group assets rise

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16 Nov 2021 14:35

EXECUTIVE CHANGES: Countryside Properties and musicMagpie poach CFOs

EXECUTIVE CHANGES: Countryside Properties and musicMagpie poach CFOs

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15 Nov 2021 14:38

IN BRIEF: Stanley Gibbons buys 20% stake in Showpiece Technologies

IN BRIEF: Stanley Gibbons buys 20% stake in Showpiece Technologies

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5 Nov 2021 17:16

Stanley Gibbons launches fractional ownership of rare post stamp

Stanley Gibbons launches fractional ownership of rare post stamp

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5 Nov 2021 16:37

Stanley Gibbons to offer fractional ownership of world's priciest stamp

(Sharecast News) - Stanley Gibbons announced on Friday that, in conjunction with its technology partner Showpiece Technologies, a company owned by Phoenix Asset Management Partners (PAMP), fractional ownership of the 1c-Black on Magenta stamp would be launching next week.

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17 Sep 2021 19:49

IN BRIEF: Stanley Gibbons subsidiary Mallett files for bankruptcy

IN BRIEF: Stanley Gibbons subsidiary Mallett files for bankruptcy

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16 Sep 2021 16:02

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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15 Sep 2021 16:03

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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