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Real-Time news about Nthn.Foods (London Stock Exchange): 0 recent articles
|aleman: Sharp deterioration in December.
Software guidance down
Think I did these already?
Maybe not as many misses in last 24 hours but some sharp falls reported and commentary that sounds recessionary to me. I'm surprised share price falls have not been bigger but we keep seeing that US shares tend to ignore bad news and very bad news only sees modest falls.|
|aleman: Sorry to hear that, wllmherk. The dangers of enjoying high yields is some get cut, as I've suffered myself recently. The real question is whether it is a sign of a slowing economy, in which case you will see more insurance fraud hitting margins in months ahead and some insurers will be hit by share price falls, as well.
3.9C overnight and already warming. A bright start to the day bodes well.|
|aleman: DX's problem has been finding and retaining drivers in a tight market. I think that market might be slackening so the driver problem might disappear soon. Trouble is, what does a slowing economy do to its parcel volumes? Internet is driving that market and more people are getting more comfortable with unusual products ordered online, which is one of DX's specialities. I don't know what a slowdown will do to DX. It might aggravate the slowdown on its legal side but I could foresee circumstances where it goes either way if costs ease. It's a tough call but at least the share price is already quite modest and shouldn't fall as far as others if markets weaken.
Incidentally, we won the quiz last night and the traffic home was very busy, with lots of HGVs.|
|deanforester: 4/7 for me. We have been in Oxford for the weekend, back home this afternoon.
I was up +0.320% on the day (FTSE100 +0.169%), Up 0.60% on the week (FTSE100 +0.96%) and up +9.76% YTD (FTSE100 +9.59% and HIX +13.65%).
Best rises: AZN +2.17%, ULVR +1.70% and NG. +1.418%.
Worst falls: LLOY -1.52%, BP. -0.85% and BA. -0.74%.
Now for today: I'm down -0.402% on the day (FTSE100 -0.603%).
Worst falls: BT.A -2.38%, VOD -1.86% and RDSB -1.85%.
Best rises: MARS +2.26%, SSE +2.12% and UU. +1.45%.
I've given up on trying to understand share price movements. I suspect that machines have more efect than humans or news.
+5°C this morning in Oxford with a clear blue sky and the odd contrail looking like a comet. +8°C on the way home. My gardening man has cut our hedge while we were away. It looks much better now. That's it done for another year.
|shadowside: Mr P,
What is your reaction to CRX offer? Seems a tad miserly at first sight but no way of knowing how much share price rise over last year has been driven by insider knowledge of likely deal. Tempted to sell but looks a very solid bid so may hold on for the full 160p. Always the chance someone else will get involved.|
|aleman: I sold half of my ZMNO. The growing cashpile was always reassuring but talk of using it for an acquisition always made me a bit nervous. Now we see the share price has settled roughly at the cash value - but what is the outlook? Overpaying for a growing but unprofitable acquisition out of desperation? And is the company still profitable or not without that? It just is not clear. The warning might as well be written in Martian for what it passes on to shareholders. Do they know?|
|aleman: The DX. share price was not exactly reflecting the fact that the CMA thinks they might have been making too much money! It's hard to believe we've just had a trading update there that said in line - so the proimised final 1.5p dividend looks safe. And this morning, CNCT say their parcels business revenue is up 10%. (Not exactly the same market but it seems to be slightly counter to scaremongering that some parcels businesses are struggling.) I have to admit that DX. situation has low visibility due to fairly high fixed cossts but that means the only worthwhile information is the inline trading update.|
|skinny: Bad luck with the water MrP - at least it happened at this time of year, so should dry out more quickly.
My WTG are now worth @£175.
The KCOM results seemed positive to me and the share price is inevitably down!|
|aleman: Shadowside - I can't see the attraction of the LPA. Valued at £16m, yet profit was only £250k or so when the property sale is removed. That's about 2p of earnings versus a 140p share price. Operating cashflow was better, at £700k with the property sale removed but that still only got a 1.7p dividend for a historic yield of around 1.2% becasue all the cashflow and more was eaten up ny working capital. The balance sheet is not strained but could be with slow payment on big lumpy orders. Much fuss is being made of new orders but profits on the old ones were poor. This is a jam tomorrow company with a history of letting the jam fall on the floor but lots of jam in the price. NAV less intangibles is around £6.8m which should act as a floor but historic cashflow mulitples justify little more than that. I would not value it over £8m until it proves it can do something to make its lumpy business more even, repeatable and profitable. It might get there but I wouldn't want to be waiting for that with the price at twice what I think it is worth on last year's numbers. I'd go to bed each night worrying about it halving and the dividend yield doesn't make it worth holding. I would have sold out before it reached its current heights.
Is there something I'm missing - hidden property assets coming up for sale or the like?|
|aleman: Probably 5 factors. Banks, oil, miners, techstocks and share prices. Banks and financials used to dominate the FTSE100. They got clobbered in the last recession and have never really recovered. That left the FTSE overweight in oils/energy which have been clobbered in the last couple of years with brent crude getting hit a bit harder then WTI recently. THen we have had miners become a large sector of the FTSE100 in the last 10-15 years with the arrival of or mergers involving BHP, Antofagasta, BHP and Fresnillo and they've all been clobbered this year. Then there is the tech difference. FTSE does not have much tech but the Dow has Apple, Cisco, Intel, IBM, Micorsoft. Share prices may seem an odd inclusion but most people do not realise that the Dow is a cintenitious index becasue it isweighted by the share price rather than the company's market cap. It's very a very odd index because it was one of the first and they stuck with its naive method. Why should one compaany get twice the weight of another if it is the same size but its shares list at twice the price because it has half as many?
So, I think there are plenty of reasons for the FTSE100 not to follow the Dow. I hope this helps.
Already feels different from yesterday. Much windier (30 gusting to 60mph) , no brightness and feels very much like rain. Still very mild, though.|
Northern Foods share price data is direct from the London Stock Exchange