Northern Foods Share Discussion Threads

[mrphil] 30/6/2017 08:22

Pound doing OK against the USD but it's Euros I need to buy at the moment so could do with an improvement there!

[mrphil] 30/6/2017 08:20

Morning All.

Just the usual 2/7 for me this week, and I knew one of those!

Another bad start by the look of it, definitely tin hat time.

[skinny] 30/6/2017 07:22

Good Morning.



4/7.

[hyden] 29/6/2017 19:36

-0.59% today, the downtrend resumes. Tomorrow's month-end figures will see my worst performance since the Brexit induced falls last June. On a 2 year view it seems 'Sell in May' would really have helped but I am not so sure I want to buy back in July this time around. It's 'sit on hands' time, I think.

[deanforester] 29/6/2017 17:59

I'm down -0.477% on the day today (FTSE100 -0.507%).

Worst falls: TATE -3.4% XD, ULVR -2.72% and INDV -2.39%.

Best rises: SMDS +8.40%, RIO +2.44% and KGF +0.99%.

DS Smith put out a good set of results this morning, dividend up 19% with cover over 2. I wish that would happen more often. Another day that started well but dropped off later, Wall St today by the look of it.

Dry today except for a few spots about 4pm, when I had to go out. Cooler first thing at +13°C, about +18°C max.

DF

[blueliner] 29/6/2017 17:24

He can be when I invest in his fund freddie.

[freddie ferret] 29/6/2017 17:15

Everyone has a fettish about Woodford it seems.
He is just another investor and he should not be watched or commented on more than any other IMHO.

[blueliner] 29/6/2017 17:10

-0.19% for the Folio. [FTSE250 -0.67%].

Worst value fallers : NXG -4.2%[xd], RECI -2.5%[xd], NAH -2.6%, GSK -1.1%.

Highest value risers : HSBA +4.2%, PFC +2.5%.

Total of 4 significant XD's today.

Another 30% faller for the CF Woodford Equity Income Trust, last week it was the PFG, today it's UTW where their questionable accounting treatment even kept me away. But he's in there with 28% of Co. Ouch.

Light rain or drizzle, low cloud most of day. Heating is back on.

[freddie ferret] 29/6/2017 17:09

US growth revised up.



My stocks perversly have not over the last few days been doing too bad. Exception being UTW today.

[skinny] 29/6/2017 17:08

My SIPP finished down 0.48%.

A grey day 18°C.

I've had 3 good FTSE shorts the past couple of days - the last one closed this afternoon - looking to short again on any bounce.

[mrphil] 29/6/2017 16:53

Also having trouble getting certain LED components so either demand has outstripped supplies or companies are de-stocking further.

The pot gets the first mention as it stayed blue with +0.04% on the day despite only two risers in AMS & LLOY but the SIPP yet again went the wrong way and ended the day -0.24% with top fallers GSK, NG. & BP.

Not much on tele tonight by the look of it, might catch up with this weeks Ripper Street.

[aleman] 29/6/2017 16:50

Mine keep dropping, too, although only -0.1% today.

Temperature is up. 17.2C after 9.7C. Dried out after a damp start but no sign of sun. slight to moderate northerly.

[mrphil] 29/6/2017 16:30

Nothing volatile about my lot Aleman, they drop consistently each day!

On a business note, I get the feeling companies are holding back again even though funds have been approved and projects need to be done. Very frustrating, I just know we'll be under immense pressure to meet unrealistic delivery dates. I know of one that's scheduled to be done in August and they haven't placed any orders yet despite the 8 week quoted delivery time!

[aleman] 29/6/2017 16:30

Banks +3.2% and Miners +1.9%. FTSE100 would be way down and through support if they were down in line with rest of the market.

[aleman] 29/6/2017 16:06

FTSE 100 uptrend support looks about to be tested. 250 failed a couple of weeks back and is now just over half way to its 200-day moving average which looks the likely target (18800+).

Tech stocks are getting hammered in US and UK. UK tech sector down 2.4% and electronics sector down 3.2%.

Different sectors have been flying all over in recent days even though indices haven't dropped that much. Volatility looks to be making a come-back.

[freddie ferret] 29/6/2017 15:30

Prefer girls myself.

[skinny] 29/6/2017 14:45

That was a rapid 50+ point fall - looking for some support @7340.

[aleman] 29/6/2017 14:34

Looks like the US is producing more at a lower margin. GDP revised up to 1.4% annualised but corporate profits came in at a slightly worse than forecasted -2.7%. US corporate profit in Q1 was actually lower than Q1 2012 and it's basically been flat since Q4 2011. All that growth but companies are not making any more money domestically. Perhaps it all came from reduced imports or increased exports (tech stocks?).



Where would US shares be without overseas expansion, tech stocks, massive share buy-backs paid for by increasing debt, consumer spending backed by large debt increases, and a big increase in P/Es? The domestic market does not appear to be in great shape if the only thing going up is debt.

[aleman] 29/6/2017 12:02

I missed the profit warning of sorts at WIN. Bad news from the UK's largest logistics firm does not bode well for the UK economy, although they say retail and consumer division turnover is up. I don't get why their shares were rising with all the bad news about - but that goes for loads of other shares.

UK news is still a messy mixed bag, but I still think things seem to be turning down. This would be consistent with following tighter credit markets down. The bank of England's late attempts to tighten up on lending when the economy is slowing seems bonkers. Why did they not do that when consumer credit started seeing higher defaults in Q4 2015 (following "other unsecured" lending defaults up from q3 2014)? Now, they are tightening into a slowdown - business as usual for central bankers, then. Too little too late, and then overkill.

(Chart 2.6 - not updated in later bulletins)

[spittingbarrel] 29/6/2017 11:43

I think people are starting to use credit cards to pay energy bills, council tax etc. Very worrying.

[aleman] 29/6/2017 10:53

That jump in consumer credit for May is worrying, given the 1.2% fall in retail sales volumes in the same month. What was everyone spending more borrowed money on if they were not buying stuff? They spent less and but still got further into debt. Is this because market rates have been rising for subprime and middle tier borrowers?

[skinny] 29/6/2017 10:41

Aleman - see post 44081 - seems to have a muted effect.

[aleman] 29/6/2017 10:36

B of E taking punchbowl away?

[skinny] 29/6/2017 09:41

GBP Net Lending to Individuals m/m 5.3B 4.0B 4.2B