Northern Foods Share Discussion Threads

[aleman] 31/10/2016 13:49

Seen a man carrying a large cross today, with at least several miles of nothing ahead of him. It seems a few people are doing it.

[mrphil] 31/10/2016 11:54

Shadowside, the more I look at the CRX bid, the more fishy it looks that they are comparing the bid price to the share price ages ago rather than recent price. A bid at 160p doesn't seem that generous when the shares have been well over 140p for the past few months, including a spell above 150p! I personally think 160p undervalues the business and I hate to see it go foreign, but I guess we don't have a lot of choice but to take the money and move on.

[mrphil] 31/10/2016 11:37

Thanks Skinny. Enjoy the New Forest, you should get some decent weather, lovely and sunny at the moment!

The downward trend seems to be continuing this morning :-(

[skinny] 31/10/2016 11:09

Good Morning.

Excellent picture MrP.

Off to the New Forest until Thursday.

[aleman] 31/10/2016 09:37

A mild grey weekend with an odd touch of drizzle. Days around 15C and nights holding up into double figs.

No significant profit warnings again that I can see, today. WPP shares rose on Q3 news - probably more to confirming a profit rise through sterling weakness more than strength in trading. It does show a slight weakening in Q3 compared to all 2016 but the outlook suggested all is fine. If you dig, the slight weakness seems to be concentrated in the UK. So ... temporary Brexit weakness or a more permanent trend? Hard to say but WPP is so big it hints at what the wider economy is doing. Perhaps, that GDP figure will get revised down a little..



The United Kingdom, with constant currency revenue growth of 5.9% and like-for-like growth of 2.1% in the third quarter, slowed compared with quarter two like-for-like growth of 3.5%. All parts of the Group's businesses, except data investment management and public relations and public affairs softened, with net sales growth showing a similar pattern, up 2.7% like-for-like, compared with 3.4% in the second quarter. Perhaps, the first signs of Brexit anxiety.

[skinny] 29/10/2016 09:30

Good Morning.

My SIPP finished up 0.09%, -0.36% on the week and is +8.09 YTD.

Similar here yesterday with at least +18°C - although there seems to be plenty of coughs and colds about!

Enjoy your weekend.

[deanforester] 28/10/2016 19:04

4/7 for me this week.

I'm up +0.561% on the day (FTSE100 +0.139%) but down -0.21% on the week (FTSE100 -0.34%), and up +12.08% YTD (FTSE100 +12.08% and HIX +16.26%).

Best rises: TW. +3.02%, PSON +2.62% and CLLN +2.29%.

Worst falls: ADM -1.40%, SMDS -0.77% and RDSB -0.71%.

Whatever caused yesterday's discrepancy between me and the market yesterday has reversed itself today. Most odd.

A nice bright day today, about +10°C first thing with a cloud layer rolling away. +14°C seems to have been the best.

A good turn around at Dhaka, but the usual low order failures for England.

Enjoy the weekend and don't forget the clocks tomorrow night.

DF

[blueliner] 28/10/2016 18:02

Quite the reverse here, my week's been a shocker, -2.2%.
No need to do detailed spreadsheet.

Folio YTD +11.5%.

BRSN continued its downward trajectory -4.4%, despite all the equipment upgrading, ageing laundries running at full capacity is not ideal, sounds like some plant failures occurred/targets not reached, this will not go down well with customers.

Almost balmy this afternnon, Max temp 18C.

[wllmherk] 28/10/2016 17:36

1/7 for me. A good week for the folio, LLOY being the star performer.
Went to look at a new car today, test drove BMW 3 series touring 330D. Mega fast, gorgeous auto box, but, rather small boot. The search continues.

MrP, the sales chap said they had just sold a Triumph Stag, in red, he reckons he could have sold it 20 times over and wished they had asked more. Didn't realise they were so popular, it was a fully restored convertible 18k.

wllm

[freddie ferret] 28/10/2016 17:28

Seems Nissan are going to stay in Britian after all.
The BBC and others seem to be hyping the idea that the govt has done some sort of deal or negotiation.

All this is BOL Nissan export a lot of their production from Britian and loh and behold a falling £ by now circa 15% has made their exports hugely more profitable and more competitive into Europe.

They have no doubt have realised that if we went to world trade organisation Tarrifs on cars this would still not offset the gain from the depreciation so far. Expect further depreciation, yup and inflation.

[aleman] 28/10/2016 17:22

+0.2%. YTD +20.3%. About the same as last week so not bad, given the main index is down a touch.

14.1C after all of 12.7C last night. Grey and dry again. It's warm overall but the lack of sun means it has not felt it the last couple of days. Beats autumnal wind and rain, though. The recent warm nights should lift October so that most places in the UK are only slightly below the Weatherbell 1981-2010 average for the month.

I still prefer Weatherbell to many other sources since it has tended to give more believable results for the UK than some and has better coverage than the ones that often produce more extreme numbers that make media headlines. It recorded a record global average monthly temperature against the 1981-2010 mean of +0.719C (no error given) for last February under the influence of El Nino. September was +0.385C and this month will be similar now a cooler El Nina seems to have started. The hot El Nino start to 2016 will very likely make it the warmest year on record since Weatherbell started its satellite analysis, with a likely figure of about +0.5C above the 1981-2010 average. (Data before the satellite era seems far too full of biassed fudge factors to be reliable for global average histories.) Weatherbell does show a warming trend over its time series of a little over 0.1C per decade. The question now is if warming is down to greenhouse gases and will continue, or down to the solar cycle which some say is entering a cooling phase in the next couple of years.

[aleman] 28/10/2016 16:36

I've seen no UK profit warnings today.

I heard a discussion on BBC News 24 that UK car sales are being flattered by very high levels of preregistering - even though private sales were down in September. The same discussion appeared before the 2008/9 recession.

[skinny] 28/10/2016 13:33

USD Advance GDP q/q 2.9% 2.5% 1.4%

USD Advance GDP Price Index q/q 1.5% 1.3% 2.3%

USD Employment Cost Index q/q 0.6% 0.6% 0.6%

[blueliner] 28/10/2016 07:37

Morning , an improving 5/7 for me.

No more profit warnings so far this morning......!

The Fall last night, with final episode tonight, good tv.

[skinny] 28/10/2016 06:34

Good Morning.



2/7.

[mrphil] 27/10/2016 22:23

Shadowside, away this week so only just spotted the CRX offer. Will have to read up on my return, and see what happens to the loan notes.

LLOY look good today!

[blueliner] 27/10/2016 20:05

-0.58% for the Folio.

Worst value fallers : BRSN -16.3%, IGR -3%, CLIG -2.7%, ESP -3.1%[xd], BT.A -2.1%.

Highest value risers : BGO +8.8%, GVC +1.9%, PEW +2.1%, CSN +1.2%.

BRSN accounted for all my loss & more today, so good to see BGO bounce back some.

Overcast today, wind WSW 15 mph gusting to 25 mph. Temp 15C max.

[aleman] 27/10/2016 19:18

But what will it be after 10 revisions and what will be the statistical error at that point!? Remember the last recession was the deepest since the Great Depression - until they revised it years after!

+0.1%.

14.2C after 10.5C. Constant grey cloud and strong southwesterly moderated temperatures.

[freddie ferret] 27/10/2016 18:54

GDP figure better then expected at +0.5% for the third quarter, only down slightly from previous quarter, so much for brexit effect.

[deanforester] 27/10/2016 17:34

I'm down -0.131% on the day today (FTSE100 +0.409%).

Worst falls: S32 -4.76%, AZN -3.40% and BLND -2.45%.

Best rises: LLOY +2.90%, RDSB +1.64% and RB. +1.60%.

Not sure why the divergence today. Maybe it's down to my weighting of LLOY and AZN.

Curry lunch at Wetherspoons today. Was +7°C and misty first thing .

DF

[skinny] 27/10/2016 12:35

Good Afternoon.

[aleman] 27/10/2016 12:15

Another FTSE250 profit warning - down 18%. I see BARC and BT. refer to rising pension deficits in their news. This seems to be becoming a theme as well. Tread warily.

[blueliner] 27/10/2016 11:12

Berendsen's 'operational instabilities' are hitting me hard this morning, bought a load in 2008 as an income recovery stock which it did, hold some less now having disposed on the way up.

Know this firm, believe me the guys at the top won't take a 17% fall in share price very well, heads will roll. More plants will be rationalised or closed. Falling margins is an anathema to this firm.

No mention of currency tailwinds though.

[aleman] 27/10/2016 10:27

Another couple of tiddlers warning today but Berendsons is probably quite signficant, if very vaguely worded in euphemistic management speak. I think this means they are rationalising UK operations to reduce costs. Their shares are down 17%.



The Berendsen Excellence strategy being implemented across the Group addresses the issues outlined above, as well as delivering continuous improvement across the Group, through: customer focus; operational excellence; organisational capability; and effective use of capital. As part of this strategy, the Group is undergoing an organisational capability review to assess and strengthen the workforce, with particular focus in the short term on the UK operations. This will create the operational stability required for the implementation of the Group's superior operating model and enhance the returns of the capital investment programme.

Nobody seems to have broken ranks yet and said markets are slowing. It's volatile demand or markets continuing to be uncertain due to Brexit. Delayed contracts, reduced investment, unprofitable store closures and efficiency drives seem to be the themes - but fewer hours worked with fewer employees will hit consumer spending, at which point the papers will start running the doom and gloom stories.