Northern Foods Share Discussion Threads

[skinny] 17/5/2017 08:43

MrP - its been a good year so far - this is the biggest flower I've had on "The President" - as you can see by the brick wall - quite large!

[hyden] 17/5/2017 08:42

Morning all. Wllm, the BBC has an answer to your question:

"...Labour [will] not put an 'arbitrary figure' on how much it would cost to nationalise England's water companies and the National Grid, saying the compensation due to existing shareholders would depend on a range of factors and would ultimately be decided by Parliament. But it said it would be achieved by exchanging government bonds for shares in the companies and, since profits currently used to pay dividends would be used instead to pay interest on those bonds, there would be 'no net cost' to the exchequer."

[skinny] 17/5/2017 08:38

Aleman - a refreshing interview.

[mrphil] 17/5/2017 08:22

Thanks for that last link Aleman, interesting interview with the British Land guy.

[mrphil] 17/5/2017 08:11

Morning All.

Brilliant picture Skinny, well done!

Nice to see SSE results with a rise in the divi!

[aleman] 17/5/2017 07:59

In the US on a quieter day, margins and sales fell at Urban Outfitters and Jack in the Box. TJX (TJMaxx) shares fell after a weak outlook statement. Retailers are still giving a good impression of things getting worse despite forecasts of improvement.

[aleman] 17/5/2017 07:47

Still seeing plenty of good UK results. I'm not so sure about British Land and MAB, though. Mediocre turnover growth at MAB isn't coping with rising costs yet they claim to be outperforming their sector. BRitish Land rental growth looks weak but I'm not sure what's going on there so will need a closer look. Foxton's revenue was down pushing 30% but they are not really typical of anything.

[deanforester] 16/5/2017 22:47

I obviously forgot to post this evening. I'm up +0.932% on the day today (FTSE100 +0.908%.

Best rises; VOD +3.96%, RIO +2.68% and KGF +2.64%.

Worst falls: UU. -1.46%, PSON -1.08% and S32 -0.80%.

Vodafone's results went down well, and miners and oils had a good day. Utilities were a bit worried by Comrade Corbyn's plans for them. It will never happen.

If you recall, back in the 1940s when the railways were nationalised, I think that the shareholders got Transport Gilts in payment. It's a long time back now, but they were around for a long time. I suspect that they would try the same method again, rather than paying out hard cash.

DF

[aleman] 16/5/2017 18:33

It looks like the Fed ignores corporate news, as well, as it has lifted its Q2 GDP forecast to 4.1%. I suppose profit and output are different things but they don't track differently for long.

[blueliner] 16/5/2017 18:33

A lacklustre +0.21% for me, [FTSE250 +0.63%].

Trimmed back on some VOD +4% whilst it topped my risers. Future dividends sustainable?
Good move though:-


Worst value fallers : BGO -5.3%, IGR -2.4%, CSN -1.5%, PHNX -1.4%.

Not everything is remarkably buoyant as mentioned in one blog today.
Bad day for zombie lifers.
UU. NG. SSE are my JC targets, dream on.

Healthy amount of rain fallen here today.

[hyden] 16/5/2017 17:41

A somewhat disappointing +0.37% today but a new all time high and +10.2% for the year including dividends so I am quite contented. KAZ Minerals is the number one value riser (two days in a row now) and PHNX the biggest value faller. Risers outpace fallers by a ratio of 2:1. I am not sure why PHNX is falling, yes integrating the recent acquisition adds risk but this is bread and butter for the company, exactly what they set out to do.

If we are to believe the manifesto then perhaps we can have our cake and eat it. Even better, someone else will pay. And with so many Bank Holidays I won't even need to retire, I'll hardly need to work at all. Marvellous, there is such a thing as a free lunch after all. And then reality sets in and I see we are simply taxing our children's future with yet more debt, which will only end with our cap in hand to the IMF. :-(

[aleman] 16/5/2017 17:25

+0.6% for me.

Wet start. Nearly dry now. Grey day, windy and a bit muggy. Temperature still rising. 20.1C after a balmy 14.5C low last night.

[freddie ferret] 16/5/2017 17:25

More strong news out of the US.
Seems Trumps pump priming is indeed working, as is his deregulation.



Interesting that the $ is falling - should be good for US exports and bad for imports which is exactly what he wants.

Update.

[mrphil] 16/5/2017 16:59

SIPP managed a healthy +0.38% today thanks to LLOY, BP. & GSK (don't tell Corbyn!) and that doesn't include the LLOY divi. Not so good for the pot at -0.11% due to AMS having a breather.

Tennis this evening if it stays dry!

[wllmherk] 16/5/2017 16:54

He won't MrP, of that I'm sure :)

wllm

[mrphil] 16/5/2017 16:53

I'm guessing they would have to pay a fair price or there would be total uproar. Best to just make sure the clown doesn't get anywhere near Westminster!

EDIT: I hold NG., SSE & UU. and they are among my best performers and highest value!

[wllmherk] 16/5/2017 16:49

Can I ask gents, what happens if one of our stocks gets nationalised, I hold both SSE and CNA and comrade Corbyn targets both in their manifesto, could the Gov legally just wipe out investors or would they need to pay shareholders top dollar for their shares ?
Apologies if a daft question but I haven't held shares in a company that was nationalised,

wllm

[skinny] 16/5/2017 16:45

Thanks Aleman.

"Jeremy Corbyn is taking the Labour Party in this election to a very different place - away from the recent consensus that the UK should be moving to lower borrowing, and lower taxation.

The manifesto spells out a vision, for good or for ill, of more spending, more tax, and more borrowing.

And in a big way."

No change there then.

[mrphil] 16/5/2017 16:33

I take it that's why UU. has been dropping this week?

[aleman] 16/5/2017 15:56

Skinny - the £250bn for nationalisations is separate from the £48bn tax and spend pledge. I think the presumption is that the debt interest cost will be less than the profit they make - but how long will they make a profit in government ownership with capped bills!?