Northern Foods Share Discussion Threads

[deanforester] 27/10/2017 12:10

4/7 for me. Off to London this afternoon, so my report will be made after I get home, late this evening.

DF

[aleman] 27/10/2017 10:31

Apparently Amazon's bumper results are considered to be driving up stockmarkets today. They are stealing trade off retailers and delivery companies faster than ever. I'm not sure that should be driving up lots of other stocks, though.

Brent Crude $59.25.

[aleman] 27/10/2017 10:19

It's a bit cooler up north this morning but it's clear blue skies and the planes haven't messed it up yet. 5.2C for us.

Minimum Temperature Last 24h - 10/27/2017 at 09:00 UTC No. Location Station ID Amount
1 Cairngorm (United Kingdom) 03065 -0.2°C
2 Eskdalemuir (United Kingdom) 03162 -0.1°C
3 Redesdale (United Kingdom) 03230 0.3°C
4 Topcliffe (United Kingdom) 03265 0.3°C
5 Shap (United Kingdom) 03225 0.6°C
6 Sennybridge (United Kingdom) 03507 1.1°C
7 Strathallan (United Kingdom) 03144 1.3°C
8 Cairnwell (United Kingdom) 03072 1.4°C
9 Spadeadam (United Kingdom) 03224 1.5°C
10 Drumalbin (United Kingdom) 03155 2°C
11 Prestwick RNAS (United Kingdom) 03136 2.1°C
12 Great Dun Fell (United Kingdom) 03227 2.3°C
13 West Freugh (United Kingdom) 03132 2.4°C
14 Tulloch Bridge (United Kingdom) 03047 2.5°C
15 Carlisle (United Kingdom) 03220 2.7°C
Script courtesy of Michael Holden of Relay Weather. Data courtesy of Ogimet

[aleman] 27/10/2017 09:50

Insolvencies rose significantly in Q3. Adjusting for a technical distortion, the underlying number of corporate insolvencies was up 15.0% on Q2 and 14.5% on a year ago. Individuals' insolvencies rose 10.6% on the quarter and 7.7% on the year. In rough terms, overall insolvencies were the highest for 4 years, and the trend has been slightly up for nearly two years, probably with a little recent acceleration.

[skinny] 27/10/2017 08:23

Good Morning.



4/7.

[shadowside] 27/10/2017 08:08

Ice on the windscreen this morning for the first time this autumn. Report from son in Canada is that snow has been early and heavy.He works for Avalanche Canada and there have already been two avalanche fatalities which is very unusual this early in the season.

[aleman] 27/10/2017 08:06

Some bigger US results out overnight. A bit mixed. Baidu and Mattel down. Google and Microsoft up.

[aleman] 27/10/2017 07:58

Peel Hotels is only a tiddler (9 hotels,non-London business locations) but their revenue fall of 5% was blamed squarely on Brexit uncertainty.

[deanforester] 26/10/2017 22:22

Freddie, CGT doesn't work like that. If house number two has been owned for 20 years, say and then becomes your primary residence for 3 years, you get charged CGT on (20-3=17)/23 of the capital gain, unless they have changed the rules. You just get 3 extra years allowed.

DF

[shadowside] 26/10/2017 19:39

freddie

A couple of snags.

The Veg Plot/Polytunnel/Greenhouses are in the Primary Residence. Very small garden in Number 2.

Mrs S would not be wildly enthusiastic about young lady plan.......and she is considerably younger than me anyway. A Toy boy when I go might be a better bet.

[freddie ferret] 26/10/2017 19:27

Shadowside.

If you have just one second home.
Sell your current primary residence, move into your secondary, give it a few years sell that, no CGT to pay.

Re IHT find yourself a young lady, marry and leave it to her. No IHT to pay.

[shadowside] 26/10/2017 19:27

ZOO gained another 11% today. Had my finger hovering over the sell button a few times but managed to resist the temptation. Gained another 0.9% taking me to +19.4% YTD. ZOO must be half of that so performance of the rest is rather more pedestrian. Has been like that for the last few years. One star performer bailing out the rest.

[freddie ferret] 26/10/2017 19:23

Agreed.

However we still have the imminent Corbyn threat.

How long will May last?

If May goes will that bring down the govt?

Brexit?

The longer till the next election the worse the demographics will be, more dead baby boomers, more red university graduates and Momentum canvassers.

[shadowside] 26/10/2017 19:17

freddie. Agree Conservatives are in a difficult position but I think there is lots they could do about the housing crisis if they were really determined.

Follow New Zealands lead and stop Non Residents buying houses.

Make it unattractive for people to buy houses and leave them sitting empty as a store of value.

They could even persuade me to release my second home on to the market if they tried hard enough. If I sell it I get clobbered with CGT have nowhere sensible to put the procedes and then get further taxed at 40% when I depart this earth. So I do the economically rationale thing and keep it. If they offered a 12 month CGT free window I would sell. And it costs them nothing because on death it is CGT free anyway. A complete no brainer.

I'm sure there are lots of similar examples.

[blueliner] 26/10/2017 18:31

+0.51% as CNCT stormed to the top of my gainers. [FTSE250 +0.45%]

Highest value risers : CNCT +12.9%, BMS +4.5%, PHNX +1.9%, BLT +1.7%.

Worst value faller : GSK -3.4%.

A decision to transfer CNCT to the Folio ISA for this tax year looks better after today's RNS, my lowest purchase price had been 113p in July on the way down.
Well done to those who have recently added significantly to get full benefit from the monster div payout.

GSK has now fallen in last two days lower than my last purchase in Feb 2012, down 9.3%.

[freddie ferret] 26/10/2017 18:30

MRPHIL.
Well done on your trip to the zoo.

[freddie ferret] 26/10/2017 18:26

I note the disconnect between FTSE and Dow.

I also note the strength of Bitcoin.

I am beginning to wonder if this strength may in part be due to UK citizens buying Bitcoin as a hedge against Corbyn. You leave the country with your money, no banks involved and no bulky cash or gold?

On the Corbyn front I am now very very worried.
Stella Rimmington a little while back pointed out that the chaps on her watch lists in the 1980s are now advising Corbyn and are very active in Momentum. Basically these were people that were either fellow travelers to Moscow or actively engaged in subversion and a threat to the state.
So much for Neil Kinnocks purges.

I also note that for the first time in its history the CPGB (Communist Party of Great Britain) advised its members at the last general election to vote Labour.

The fact of the matter is that the government are in the poo.
Either they write off all student debt and sort out the housing supply and demand equation or the commies will do it for them with punitive redistribution.
Since building houses and dwellings will take a lot of time and require lots of skilled labor the only option in the short term is heavy immigration controls as a stop gap.

The demographics strongly aid Corbyn, the baby boomers rich in houses are dying out while the red university leavers with debt take their place.
In order to have an income large enough to pay a mortgage you will likely be above the 21k now 25k above which you have to start repaying student debt.

As I have said the govt are in the Poo, should not have got here in the first place, and now they are there is no rational way out - the money has already been spent.

The problem today is not class envy but intergenerational envy.

[hyden] 26/10/2017 17:36

+0.80% today, reversing losses over the early part of the week. ICP is easily today's best value gainer, shooting ahead to another all time high (for me at least). PHNX is also worthy of a mention. Value losers are all very modest but today's wooden spoon goes to POG, as it gives back some of its recent gains.

Gainers outpaced losers by a ratio of 4:1 and such a broad-based recovery gives me confidence for the remainder of the year, traditionally the stronger months. :-)

Well done on CNCT Aleman and Skinny, that is a great result.

An okay from the hospital today sees my recuperation on track, although I may need physiotherapy if the pain and stiffness in my neck continues.

[deanforester] 26/10/2017 17:31

I'm up +0.667% on the day today (FTSE100 +0.528%).

Best rises: S32 +4.52%, ULVR +3.34% and BATS +2.53%.

Worst falls: CLLN -3.80%, GSK -3.43% and BLND -1.57%.

GSK had a further fall, and CLLN suffered a little more. A nice rise from S32, as miners had a good day.

Curry day at Wetherspoons today. Dull and misty at first, but the cloud has never lifted.

DF

[aleman] 26/10/2017 17:04

It felt very like Autumn here. Grey, slight breeze, cold spotting rain. Only 12.3C after 10.0C overnight. I think we're into the cold side of the weather front, now. Colder and drier expected in the South next week. Not so dry in North and Scotland, with possible sleet or snow on hills. Time to get the big coat out?

+1.1% for me. Mostly CNCT up 13%. It should go up a lot more yet. It's baffling why it fell from 140p+.

More disappointing earnings in the US this afternoon yet the market instead chooses to concentrate on positive Fed surveys - that have not been reflected in improved corporate numbers all year - and on hopes of Trump tax cuts which look more likely to screw government finances than help boost spending. But why should market moves reflect fundamentals if the money coming into the market is mostly corporate buybacks?

[skinny] 26/10/2017 16:53

My SIPP finished up 0.48%.

After yesterday, it finally started to feel like Autumn - with grey skies and drizzle this afternoon @15°C.

[aleman] 26/10/2017 16:47

Growth in the number of UK companies slowed in Q2 and slumped in Q3, as the number dissolved increased.

Quarter Formed Dissolved Net formations

Q1/14 147,274 87,223 60,051
Q2/14 148,393 92,515 55,878
Q3/14 141,807 96,561 45,246
Q4/14 136,184 97,138 39,046
Q1/15 159,397 83,312 76,085
Q2/15 153,422 87,047 66,375
Q3/15 147,049 99,219 47,830
Q4/15 138,802 90,437 48,365
Q1/16 172,096 134,157 37,939 (technical spike due to legal change in Q1/16)
Q2/16 172,935 111,930 61,005 (carried into Q2?)
Q3/16 154,685 102,681 52,004
Q4/16 146,987 111,133 35,854
Q1/17 170,143 108,919 61,224
Q2/17 152,411 114,756 37,655
Q3/17 153,307 129,734 23,573

See chart of slowing formations:



Recession starting?