Rhigos
09 Jul 2015
Good trading update Reduced costs on sugar business and results in other divisions good. Primark performing better than expected. Some concerns about currencies, weak euro etc. The strong dollar should make Primark products cheaper in US for future sales there.Strong buy if SP falls back below £29 IMO.
II Editor
29 May 2015
NEW ARTICLE: Goldman Sachs turns buyer on this FTSE 100 share "The year-to-date hasn’t been easy for LSE:ABF:Associated British Foods as concern about its sugar business has dented the share price. But losing 17% of its value since the New Year has provided an attractive entry point, says Goldman Sachs, ..."[link]
Rhigos
29 May 2015
Re: Buy on dip IMO LKH, correction 22% stop-loss is currently 2562p not 2635p (all time closing high 3284 - 22% = 2561.52).
Rhigos
29 May 2015
Re: Buy on dip IMO LKH,"Hmmm. I would have thought that that point applies to every company in the stock market!"Not true. You need a reasonable amount of volatility over a month or two and for risk reasons an upward tend. Shares that dip then only move up a few percent before falling again not good for trading like this. Companies like NXT that keep rising with few dips are better just held. The thing about ABF is there is a long established pattern and I can have a pretty good guess at the values of the peaks and troughs. I think technical term is range bound. I have only been trading about 1/4 of my total ABF holdings so basically a long term hold for me. My view on ABF is still bullish or I would sell out at next peak. I am a bit nervous about USA. If expansion into US goes badly wrong I would have to get out of ABF. To this end I have a moving stop-loss of 22%, currently 2635p (my average book cost is 1893p). Since Jul 2009 it has never gone below 22% of previous high.
LK Hyman
29 May 2015
Re: Buy on dip IMO Rhigos,"This proves my point about ABF being a good company to buy on dips and take profits on peaks."Hmmm. I would have thought that that point applies to every company in the stock market!LKH on the flybridge sold ABF around £20, alas
Rhigos
29 May 2015
Re: Buy on dip IMO This morning SP reached 3070 which was 12% above my purchase price of 2737 on 21 April. This proves my point about ABF being a good company to buy on dips and take profits on peaks. I have set a target price of £32 to take some profit.
Rhigos
22 Apr 2015
Charles Stanley article on ABF [link] above article today. May have caused me to hesitate to buy yesterday if it had been available then. On balance though I think it worth taking risk on ABF as I have faith in Primark rescuing them.
fitcontroller
21 Apr 2015
Re: Compelling income payer with sturdy ... yes, agree, I bought in on the dip today.
Rhigos
21 Apr 2015
Re: Compelling income payer with sturdy fina... albent,Result that were out today are frankly not good. The Primark side is where all the excitement is. They have a progressive dividend policy however the historic yield of 1.25% is low, forecast yield 1.3%. ABF is a growth company and is fairly high risk. IMO a strong buy at current SP.
Rhigos
21 Apr 2015
Re: Buy on dip IMO I am glad my 2802 limit order at the beginning of month not met. Today I topped up at 2737. Bought back same number I sold on 5 Dec at 3265 (16% difference in price). If SP gets above £30 will sell some. Results were pretty bad on sugar side but I am betting that Primark will out perform market expectations and shares will out perform in the next 6 months.
albent
03 Apr 2015
Compelling income payer with sturdy financial health. Been looking at Associated British Foods (ABF): [link] any ideas?
Rhigos
01 Apr 2015
Re: Buy on dip IMO LKH,My limit order not met yesterday and put on again today at 2802 but SP has risen so not going to be met. My buy price needs to be around £28 for me to feel comfortable. Very hard to value ABF. Its sugar and bio fuel business are a disaster. Primark still shines but will expansion into USA prove as successful as European is uncertain. I have made a good return buying on dips and selling on peaks. I would still be in profit if SP fell to £6.10. What is a worry from chart is that since Dec 2014 the highs have been getting lower as have lows. Still possible to make money trading highs and lows of course.Will comment on Renishaw on its discussion group.
LK Hyman
31 Mar 2015
Re: Buy on dip IMO Rhigos,ABF is still too dear for me, especially as I sold out whenever it was when the price was below £20. I'd dearly like to get back on board, but, when I can buy fine companies such as Renishaw on much less demanding multiples, it's hard to justify.I should never have sold. The Westons do a wonderful job. Should have just stuck the certificate in the forrard chain locker along with the linkers and left it there. Never mind, eh?LKH on the flybridge there must be fine margins on Gentleman's Relish
Rhigos
31 Mar 2015
Buy on dip IMO I set an alert for Ask price<2810 which was triggered at 13:48 today. After Feb I decided that around 15% fall from Dec's high would be a buy point. I have placed a buy limit order at 2798 to buy back ones I sold on 5 Dec at 3265. Probably will not be met today but worth a try.There were buy/outperform recommendations from 4 different brokers this month with target prices from 3350 to 3650 and no broker recommendations that were not buy or outperform last month.
Rhigos
05 Feb 2015
Re: sales burnt umber,Interesting but I bet things have already picked up. The recent cold weather will have been a boost. Primark is IMO not the problem with ABF but the other divisions. The sugar business suffered and still suffering from low sugar price. Now bio-fuel business suffering from low energy prices.Glad I sold a 1/4 of my ABF at 3265 on 5 Dec. I made a note at the time to buy back if SP fell to 2842.
