Northern Foods Share Discussion Threads

[aleman] 06/7/2017 07:52

With Trump in charge, what could possibly go wrong?

[skinny] 05/7/2017 21:09

My SIPP finished up 0.17%.

We had a pleasant lunch in the Malt Shovel in Eynsford.

A very warm day @29°C.

Re CNCT - I had a S/B taken out this afternoon for a price that was nowhere near the book - I'll be phoning the S/B company in the morning - but won't hold my breath.

[hyden] 05/7/2017 20:52

Another good day at +0.40% and I have now recovered just over half of June's losses.

I have decided it would be nice in July to earn a return in basis points equivalent the number of miles I hope to cycle. I am planning just over 400 which equates to a 4% return which will equal my best performance since November last year. I have ridden 118 miles so far this month and at +1.27% for the month I am a little ahead of target. It is nice to report good news for a change. :-)

ICP is today's best value riser and POG is the worst value faller.

[deanforester] 05/7/2017 18:59

I'm up +0.214% on the day today (FTSE100 +0.141%).

Best rises: TSCO +3.80%, CLLN +1.73% and TW. +1.65%.

Worst falls: BP. -1.30%, RDSB -1.29% and BT.A -1.01%.

Another nice day. Will it turn thundery later? No sign of clouds at the moment. Pub lunch today, then a meeting of the trustees of our Community Transport CIO. A good result from the England Women beating South Africa in Bristol. The Test starts tomorrow. I hope to se a bit more of that.

DF

[blueliner] 05/7/2017 17:41

Turning warmer here during my walk today as the remains of the Front drifted northwards. Temp 23C with humidity then starting to haze over in the sky which I assume is associated with tomorrows weather warning.

+0.19% for the Folio. [FTSE250 +0.78%]

Highest value risers : BGO +3.2%, BEZ +2.8%, GVC +1.7%.

Worst value faller : PFC -2.5%.

See CNCT, price was like a whipsaw later on, you could buy for 105p which makes my purchases look sick.
Definitely some unloading with two significant sells going through after close.

[shadowside] 05/7/2017 17:18

Mr P. Thanks for reminding me about Landlords. Watched last week and thought the impact on the landlords of coinfronting the reality of being their tenants was quite moving. No doubt very selective footage to make a point but moving nevertheless.

Good start to July for me on the markets and have almost eliminated June's loss bringing me back close to my YTD high at +10.3%.Main mover has been +25% for SIXH after good results. Happily it is my largest single holding.

[freddie ferret] 05/7/2017 17:15

Aleman has mentioned the productivity data with puzzlement.
I think some discussion of zero hours contracts is long overdue since their effects are widely misunderstood.

Right, someone is on a zero hours contract, what does this mean?
Basically the employer can call in the worker whenever it suits him (or her).

What this means in practice is that the employee has to be available to work all week but may be called in for only a couple of hours or 40.
So the employee cannot apply for another part time job and his potential labor hours are wasted. He is not fully utilized.

Zero hours contracts are rational from the point of view of an individual employer, however from the point of view of employers in total they are highly detrimental. Since they result in a large pool of labor hours being pinned down wasted and not available to be used in productive work.

Hence the widespread belief amongst employers that immigration is necessary to fill available jobs.

The answer is. Firstly, there is a requirement for there to be a written contract of employment. At the moment this does not have to stipulate hours to be worked or the times of the week to be worked, it should.

Secondly we need to get back to full hours working with proper training and development of workers. At the moment with zero hours it is daft to think of an employer making major investment into a worker who may only be called in a couple of hours a week.
Basically employers are more interested in cheap labor (often immigrant) rather than capital intensive productive work (where productivity is greatest).


Mixed day for me some up some down.

Weather, sunny, warm and pleasant.

[mrphil] 05/7/2017 16:55

Sorry Aleman, clear blue sky and at least 26°C today!

[mrphil] 05/7/2017 16:54

Completely different results today, the pot managed +0.56% thanks to AMS, SGC & RR. whilst the SIPP was hit to the tune of -0.32% due to AGL, BP. & LLOY

Aleman, I have never liked the idea of fracking although a tennis friend of mine is a retired "expert" from the industry and of course he thinks it's all wonderful!

Trolley Patrol tonight with SBRY getting the business thanks to another £10.50 voucher and triple Nectar points!

Will probably watch the Landlord program again which was quite good last week.

[aleman] 05/7/2017 16:52

My gains of the day were eroded to a tiny loss.

It's been a grey day but it seems to be brightneing and warming. Currently at the high of 19.8C

[mrphil] 05/7/2017 16:41

Skinny, I'm one of those old fashioned types that thinks they should pay their fair share. As long as the system is inherently fair that isn't a problem! I'm more than happy to pay more in actual tax than those earning less than me, but I think I should keep the same amount of each of my pounds as anyone else!

[skinny] 05/7/2017 16:00

So you've got a good accountant then MrP! :-)

[mrphil] 05/7/2017 15:43

Shadowside, sorry I didn't mean to get on my high horse and I totally agree there are some obscene figures being "earned" by some people which is a sad fact of life, but I think we are getting too hung up on trying to bash the "rich" which seems to encompass a lot of hard working folk as well as the fat cats.

[mrphil] 05/7/2017 15:37

Of course they could argue they are paying far more in actual tax even if the rate is the same, and to be fair that is true! The additional rate on ex graduates could start at a much higher level than the starting rate as, in theory, they won't be on lower earnings for long anyway, or what was the point in university?

Forgetting graduates for a minute, under the existing system someone earning £20K will pay around £1,800 income tax per year (9% of their salary), someone on £100K will pay around £30,000 (30% of their salary) and someone on £200K will pay around £72,500 (36% of their salary) which all looks pretty fair to me. But of course it's easy to just compare the 40% & 45% figures which on the face of it makes it look like the high earners aren't paying much more! And no I'm not earning £200K per year! :-)

[shadowside] 05/7/2017 15:18

I would go the whole hog and call everything a tax including NI. That would increase the tax paid by well off pensioners and high earners but thats probably fair. A marginal tax rate on a graduate earning £K20 of 41% and a marginal tax rate on a millionaire of 45% seems ludicrously out of proportion. And the really high earners can afford fancy accountants so that they never pay 45% anyway. In reality with student loans and NI we are taxing young graduates at a higher rate than the very well off and that cannot make sense.

[mrphil] 05/7/2017 15:05

Maybe we are approaching it wrong by telling the students it is "debt" when really it's a graduate "tax" which just gets added to their income tax liability and they only start paying it when they are earning money. No real difference to normal income tax except nobody tells you that you have a £100,000 income tax "debt"! There must be some way of collecting a slightly higher income tax from graduates, and is that so unfair as they are the ones that are really gaining from their added qualifications? Everyone is paying towards their education already through standard taxation so it's not as if they are being asked to pay for all of it. Might seem unfair if you compare to the past, but in reality the only difference is that a slightly higher percentage will be paid by those benefiting most. In the past, graduates still paid for a chunk of it in their taxes once they started work, it wasn't actually "free"!

[shadowside] 05/7/2017 13:05

Mr P. Agree with that 100% but it seems a little harsh to penalise the young for a stupid system which our generation has created. The whole education system has been completely devalued so that a "degree" today bears no comparison to one 50 years ago. Some of the more eminent institutions have maintained standards but they are few and far between. Education has become a business for the benefit of those who run it. With a flat student fee the "business model" says funnel students into degrees which are cheapest to teach. The exact opposite of what the country needs. More media studies less engineering. It will need political courage to turn back the tide and that sadly seems in short supply.

[mrphil] 05/7/2017 11:59

Isn't part of the problem the fact that such a high percentage of youngsters now go on to University and we simply can't afford to fund that? Might be different if they were all doing useful courses but some of them are just plain pointless.

[shadowside] 05/7/2017 11:44

The student debt issue is frightening. I fail to understand why the Conservatives think bringing in a 50% rate of tax for the highest earners above say £K150 is wrong and a tax rate of 41% ( 20% tax + 12%NI +9%SL) for young people earning £K20 is fine and dandy. No wonder they are angry.

[shadowside] 05/7/2017 11:34

Overall I would think private new car sales falling is good news. Taking on massive amounts of debt to import a depreciating asset from the Continent is a pretty good definition of a road to ruin. As their largest expoert market for cars it might make the Germans think a little harder about the consequences of Brexit without a trade deal.

[mrphil] 05/7/2017 11:15

Shadowside, I use a McTimoney Chiropractor who also does normal stuff too and he is generally very good and keeps me roughly the right shape by going every 6-8 weeks. Contacted him this morning and he doesn't have a slot until this evening so I'll probably leave it and see how I get on with just a few Ibuprofen!

This looks interesting

[aleman] 05/7/2017 11:10

UK private car sales accelerating downwards at -7.8% for June versus YTD -4.8%. Total car sales -4.8% versus -1.3% YTD.



Could Q2 GDP be negative?