Northern Foods Share Discussion Threads

[aleman] 22/3/2017 09:30

MrP - US sharp fall in used car prices, Sears going concern worries, Trump reform delays, North Korea another missile test, UK inflation, falling oil price - take your pick.

I thought Kingfisher results looked ok but shares are down, supposedly on Brexit and French political worries.

[mrphil] 22/3/2017 09:01

Morning All.

Have I missed something on the news, why is everything falling like a brick?

EDIT: Aleman, I presume it's linked with the US drop you mentioned above?

[aleman] 22/3/2017 07:46

Some good UK results, today, at a quick glance.

Has the Trump Dump started?



The rise in US short rates is being met by lower long rates. The 30 year Treasury yield has fallen 0.2% in the past week. The yield curve is still reasonable but it does not want to flatten out too much more. It's telling Yellen no more Fed Funds increases. The US actually looks to be going into recession. Yellen should have raised earlier so she could be thinking abuot a cut in coming months as things slow. It looks like she has acted too late and will overshoot again.




Good numbers from Fedex but missed forecasts as residential slows.



Sears a going concern?



Payless shoes not a going concern? 500 stores to close?

[blueliner] 21/3/2017 18:23

-0.70%, [FTSE250 -0.86%] hit hard by BRSN yet again, another day another brokers downgrade.

Highest value fallers : BRSN -5.3%, CLIG +3.9%, BLT -4%, BRCI -2.5%, GVC -1.2%.

Highest value riser : BGO +3.5%.

Signed probate fees petition DF [12654], very unjust. Hedgehogs against traps [17205].

[deanforester] 21/3/2017 18:19

I'm down -0.620% on teh day today (FTSE100 -0.693%).

Worst falls: RIO -4.12%, BLT -3.97% and INDV -3.26%.

Best rises: NG. +1.00%, ADM +0.76% and PSON +0.69%.

Miners and inflation affecting us today. How can the BofE keep interest rates down when RPI is rising at over 3%? It would do sterling some good and reduce cost of imports. Maybe a rise to 1%?

A nice day today, and the service man for our security system has been and done his work. I have been for my prescription and found that they have given me the label for one item but not the item. Words will be had tomorrow. They really are useless in our local pharmacy.

DF

[aleman] 21/3/2017 17:20

-0.3%.

We had snow showers throughout the morning but it dried out this afternoon. Lots of sunshine between the shower. Morning was chilly but we got to 9.7C in a plesant afternoon.

Shrinking portions at supermarkets are getting out of hand. The 10-pack of garlic bread slices I just opened had 9 slices in. That was Tesco again!

[aleman] 21/3/2017 17:02

Several US auto stocks fell today after used car prices fell unexpectedly in February, taking the annual NADA index change to -7.1%. Lots of new cars are leased. The average negative equity on lease expiry recently has been over $4k. This news will make matters much worse. More motorists will owe more at the end of their lease. They will have less money/more debt for their next car. Leases will get more expensive as more depreciation will need to be allowed for in future. New car sales will fall as leases get more expensive, motorist have less money, car loans and leases are seeing delinquencies rise rapidly, and the supply of cars onto the market increases as more leases expire from the bumper years of 2011 on, aggravated by increasing repossessions. Thanks to more loans and more leases, the US auto market is more cyclcial than ever and it is going into recession.





In a reversal of what typically occurs in February, wholesale prices of used vehicles up to eight years old fell substantially last month, dropping 1.6% compared to January. The drop was counter to the 1% increase expected for the month and marked just the second time in the past 20 years prices fell in February

[mrphil] 21/3/2017 17:01

SIPP -0.40% BRCI, LLOY & BP. and the pot -0.53% AMS, LLOY & FDI

Still a beautiful blue sky but we never did see much warmth. Good that we get to see a bit more daylight now, I'm actually managing to get home before it's dark!

Not much on to interest us tonight, but we have Broadchurch from last night to catch up on.

[freddie ferret] 21/3/2017 16:51

Poor day, sunny but cool.

Re DX.
We wait to see.

[mrphil] 21/3/2017 16:01

Just checking prices in Norway ready for our trip in a couple of weeks time and thought this was interesting.

Cost of living in Norway is 51.71% higher than in United Kingdom (aggregate data for all cities, rent is not taken into account). Rent in Norway is 16.96% higher than in United Kingdom (average data for all cities).

[mrphil] 21/3/2017 15:50

Decided to grab a few more euros at 1.1526 and added a few USD at 1.2453

[mrphil] 21/3/2017 15:22

Beautiful down the marina at lunchtime, but a bit chilly despite the bright sunshine.

[mrphil] 21/3/2017 14:25

Markit Business Outlook Survey - Worldwide business confidence at two-and-a-half year high

[skinny] 21/3/2017 12:59

Thanks DF - duly signed and forwarded.

[aleman] 21/3/2017 12:50

Food giant, General Mills, still struggling with weak sales, especially in North America. More job losses to come.




See AltFi article to see explosion of arrears to highest since 2010 (This looks to include non-US platforms like Zopa):



Scroll Down to explosing delinquncies at Lending Club and Prosper online platforms:

[shadowside] 21/3/2017 11:58

Have also signed. Its a tax not a fee and the way they have pushed it through is underhand to say the least.

[mrphil] 21/3/2017 11:47

Just added mine and passed it on. Another one they have slipped through on the quiet. Are we sure this is a Conservative Government?

[deanforester] 21/3/2017 11:15

Skinny it's at

12,451 signatures to date.

DF

[aleman] 21/3/2017 10:38

CPI 2.3% versus 2.1% expected. RPI 3.2% versus 2.9% expected. Core RPI 3.5%. Looks like my forcasts from last summer for a spike this spring might not be so far off after all.

[aleman] 21/3/2017 10:21

If you look at tables PSA3 to PSA5, you'll see a significant
rise in income taxes and a significant reduction in government current spending in Jan and Feb. Whilst it helps increase the tax take, and maybe helps the deficit short term, it hurts consumers and the government spending reduction also hits the nominal GDP side which will probably add to pressures slowing the economy. Expect a low GDP figure for Q1 - before or after it has been revised 5 times!



Note - the Feb figure was flattered by a delayed EU funding request (amount?) so there could be a worsened month sometime later.

[mrphil] 21/3/2017 09:46

Morning All.

Having a cooler spell here too, a high yesterday of just 10.2°C dropping last night to 4.3°C but a beautiful start to the day today with wall to wall sunshine. Doesn't feel as warm as it looks though!

Quiet start for the SIPP, just LLOY making any real move. DX. can't decide what to do with all the sheenanigans going on.

[aleman] 21/3/2017 09:32

2.0C overnight. We had 4C and snow shower son the school run. Glad to be back indoors where it feels warm as it is still unny between the showers.


The banking cycle looks to have turned. Net charge-offs are rising again. Although still low, note that they were still low in 2000 and 2007 before shooting up. By the time the peaks were in, in 2002 and 2010, stockmarkets had long since tumbled.

[aleman] 21/3/2017 08:07

In the market at large, the uncertain economic outlook has put at risk some major engineering, procurement and construction contracts. As contract owners have delayed payments to contractors, insolvencies in the supply chain have increased, leading to more disputes.

[aleman] 21/3/2017 07:59

ScS report a slight slowing of LfL from 2.7% last year to 0.9% YTD. Pittards profit wiped out and eceptional pushed them into loss. NAHL report challenging legal markets. Independent News and Media report slowing digital revenue growth. Still plenty of other strong news out there - notably 888.

In US, Wells Fargo reported a significant slowing in its retail business - fewer current acccounts and credit card accounts opened.

[blueliner] 20/3/2017 20:23

+0.40% for the Folio. [FTSE250 +0.30%]

Highest value risers : BGO +9.1%, CLIG +4.3%, IGR +2.7%, BRSN +1.2%.

Worst value fallers : CSN -3.4%, RTC -3.8%.

PHNX fell away after it's early post results rise, CSN following it up went negative pm, surprised at poor market reaction. Still, here for the ironclad dividend.

Shedload of rain again here, 3 inches plus since Feb 1st .