Northern Foods Share Discussion Threads

[mrphil] 22/11/2017 17:34

Shadowside, all interesting stuff although I certainly see no reluctance on the part of the builders to build homes around here! It seems the minute permission is granted, the diggers move in! Maybe there should be a limit to how much they can keep in their land banks, but then that could almost push prices higher as there would be more urgency to buy land for short term requirements if they weren't allowed to have a long term land bank?

[freddie ferret] 22/11/2017 17:31

Personally I think it was a bad budget.
Nothing new when so much needs to be done.
Actually a terrible budget.
Interesting that he is setting aside 3bln for use in a couple of years time for Brexit.
That surely assumes that we are going to do a deal and not just leave ie hard Brexit.

According to the German opinion polls Merkel and all the middle of the road parties in Germany are in trouble. The only parties doing well are the Linke (ie left party) and the Greens. The AFD which contrary to some poor articles in todays Times is not an exstreme party is also doing poorly as I suggested it would (without a terrorism boost) in a previous post a few days back.

The German opinion poll results are well covered on the Express site today.

[aleman] 22/11/2017 17:06

Mixed bag but managed another fall. -0.2%.

A very mild 9.6C last night followed by 14.2C today. Not a nice day. Damp and grey and increasingly windy. Practically dark at 3pm. Bring back cold and sunny, please!

[shadowside] 22/11/2017 16:56

If you were a cynic you would say that the large house building companies are deliberately restricting the supply of houses to maximise sales prices and returns. Its called capitalism. Unless governments in intervene thats what the system does. It tends towards oligopoly and has served companies well. Land banks have served as a store of value much like oil reserves or ore. To change the balance you have to create a future where the value of land is likely to drop. Its not that disimilar to the changes they have made to change the dynamics in BTL. Maybe sometrhing like a " permitted land holding tax". A the moment they are all fat and happy and unlikely to change status quo. If they take a big swipe at the house building companies who will rush to their defence.

[mrphil] 22/11/2017 16:50

Great to see a positive day, even if the gains were only around a third of what they were an hour ago! SIPP +0.21% SSE, NG. & SCLP and the pot +0.14% AMS, SGC & DC.

Need to see the detail from the budget, is he going ahead with the change to dividend taxation, reducing the tax free amount to the first £2,000 from April?

Trolley patrol this evening, was hoping to get the wine for work but it doesn't look like SBRY are offering their 25% off 6 bottles at the moment. Makes a difference when you're buying 36 bottles! Might check out TSCO instead to see what they have.

[mrphil] 22/11/2017 15:29

Thanks Shadowside, didn't hear that bit. All very well and I don't totally disagree with the concept, but it would have to be very carefully thought out as these companies obviously need a land bank to keep their own futures secure. If they built on every bit of land they have straight away, do they then close the company down the following year? I realise that's an extreme situation and the best outcome is between the two, which I really don't see having too much of a detrimental affect. They are in the business of building houses after all, so they're not going to sit on the lot for the sake of it!

[shadowside] 22/11/2017 15:08

Mr P. I guess threatening to compulsory purchase their unused land banks might be seen as mildly detrimental. Osborne merely injected money into the demand side of housing which just made houses more expensive and mainly finished up in the pockets of the major housebuilders. If they are serious about expanding the supply side then housing margins will fall. Depends if it is just rhetoric or if they are serious. They know if by the next election they are not visibly making progress it will damage their election chances. Time will tell.

[aleman] 22/11/2017 14:47

US 2 year yield 1.75%. US 10 year yield 2.35%. 0.6% difference indicates continued flattening of the yield curve.

[mrphil] 22/11/2017 14:44

From what I heard, it seems Hammond delivered a good budget and presented it very well. Must have missed the bit that was detrimental to house builders?

[mrphil] 22/11/2017 11:25

UU. just can't do it can it?!

[aleman] 22/11/2017 10:39

More late snow in S. Africa.



And US ski resorts are off to a flying start.

[mrphil] 22/11/2017 10:01

DF, yes this seems an unusual colour for UU. of late! Amazing to see it rise on good results ;-)

The budget, ummmm. Will there be another attack on pensions I wonder? More diesel bashing has to be a certainty. Probably another grab from anyone earning anything like a reasonable wage, which I wouldn't mind except they seem to be happy to accept labours accusations that the lower paid are doing worse when their effective tax rate has gone through the floor!

[deanforester] 22/11/2017 09:29

UU. looks fine, MrP. Now for the Budget.

DF

[aleman] 22/11/2017 07:59

Another day without standout bad Uk news?


Meanwhile, in US:

Guess US sales -13.4%.



Terrible numbers for jeweller:



A few controversies:

[mrphil] 22/11/2017 07:40

Morning All.

UU. revenue up, profit up, dividend up - share price.......

[mrphil] 21/11/2017 17:46

DF, let's hope there are no nasties in the UU. half year results!

[deanforester] 21/11/2017 17:41

I'm up +0.241% on the day today (FTSE100 +0.296%).

Best rises: IMB +3.40%, BLT +1.80% and BATS +10.78%.

Worst falls: CLLN -7.06%, CPG -3.33% and UU. -1.27%.

Funny how the price of CPG stayed almost level after the fall on the results. Makes me think that there was a large phased sale. IMB perked up on bid rumours, apparently. CLLN continues to sink. Rats leaving the sinking ship.

+11°C this morning with a thin layer of cloud. The sun never made it through.

UU. report half-term results tomorrow. They have been in a steady decline of late. Maybe they will tell us why.

DF

[mrphil] 21/11/2017 17:35

Thanks Aleman, will keep watching for now.

Aaaarrrgggh! Why can't it just hang on to a gain for just a few minutes longer? Spent most of the day positive and looked good last time I took a peek, but SIPP -0.12% UU. (again), BRCI & GSK and the pot -0.26% LLOY, RR. & DC.

I suppose a continual drip may be preferable to a sudden big fall, as long as we don't get both!

Had the tree man round this afternoon, a very reasonable £350 quoted for quite a bit of work, but he can't do it until January now.

The Secret Life of 5 Year Olds and then The A Word this evening.

[hyden] 21/11/2017 17:22

Just +0.19% today with excellent results from SFR (+12.4%) and TEP (+4.6%) being offset by a poor showing from ISAT and RPC. ISAT is today's worst value faller and CINE is today's best value riser. Alas SFR is only a small holding but I took advantage today and topped up. :-)

A very mild day with cracks in the cloud cover affording sight of blue sky. Even the sun decided to join the party at one point, it was most pleasant and I was able to ride just shy of 45 miles on the bike this afternoon. I am now enjoying a well earned rest. :-)

[hyden] 21/11/2017 15:19

The fall is shocking MrPhil. Much more and I will need to think of selling at a loss. ISAT was c. 3.5% of my portfolio, larger than my average holding, and it makes me more nervous with so much in one company when it is not performing as expected. I don't want it to turn into a disaster like CLLN.

[mrphil] 21/11/2017 15:03

Looks like I may need to join you guys in ISAT at this rate!

[mrphil] 21/11/2017 14:45

Aleman, sadly I don't need to pay in instalments just yet, maybe next year! ;-)

[aleman] 21/11/2017 12:35

Larger companies pay in instalments that start just into the second half of the accounting year. (It sounds like it could get complicated if you get sudden losses!) The corporation tax trend will be fairly up-to-date for larger listed companies that report twice per year.