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ING, ING PROPERTY TRUST
blacksheep
post Posted: Dec 11 2018, 01:43 PM
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In Reply To: blacksheep's post @ Aug 20 2018, 11:06 AM

SP up 2.4% currently @ $4.27. Appears MS have upgraded to Equal Weight (probably counting all those poor turkeys and other assorted fowls that will be consumed over Xmas sadsmiley02.gif) . Short positions also rising - as at 5 Dec 2018 = 13.17% https://www.shortman.com.au/top

QUOTE
1 JBH JB HI-FI LIMITED ORDINARY 18.88% 0.42
2 SYR SYRAH RESOURCES ORDINARY 16.63% 0.30
3 GXY GALAXY RESOURCES ORDINARY 16.59% 0.47
4 BWX BWX LIMITED ORDINARY 13.99% 0.28
5 ORE OROCOBRE LIMITED ORDINARY 13.91% 0.12
6 ING INGHAMS GROUP ORDINARY 13.17% 0.13


QUOTE
Chicken and turkey producer Inghams Group is up to a two-year high of $4.36 this morning, with a one-day rise of 7.4 per cent from yesterday's close of $4.17. And it's not just thoughts of the Christmas lunch buffet that are driving interest.

Morgan Stanely upgraded the stock to 'equal-weight' this morning and changed its target price from $3.40 to $4.40. It notes that Ingham's contract with Woolworths, which accounts for 40 per cent of its revenues, it up for renegotiation in mid-2021. It supplies about 70 per cent of Woolie's chicken, so small changes to the contract terms "would have a relatively small impact on Woolworths, but a significant impact to ING, in our view".

Morgan Stanley analysts see good profits coming from ownership changes at competitor Tegel and more automated production. Also the cost of all proteins is rising, which is a positive for chicken because consumers are likely to buy chook when steaks and lamb get too expensive. Wheat feed has become expensive thanks to the drought, but its contract with Woolworths allows it to increase costs, which Woolworths has not been passing onto consumers.

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Attached File  funny_christmas_pictures_funny_christmas_turkey_620x280.jpg ( 32.25K ) Number of downloads: 2

 




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 20 2018, 11:06 AM
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In Reply To: blacksheep's post @ Aug 3 2018, 12:24 PM

QUOTE
This stock is climbing up on the Shortman Top 100 List - short positions @ 27 July 2018 = 12.84


Short positions @ 13 August 2018 - 13.09%

Due Diligence: why shorters are pecking Inghams Group
QUOTE
There's any number of red flags to choose from.

Asset sales? Tick. Aggressive cost-cutting? Tick. Factoring its trade payables? Tick. Chief executive exit? Tick.

https://www.afr.com/business/agriculture/li...20180814-h13xfm
https://www.shortman.com.au/stock?q=ing
Attached File(s)
Attached File  ing.png ( 97.24K ) Number of downloads: 5

 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 3 2018, 12:24 PM
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Posts: 5,403
Thanks: 2080


INGHAMS GROUP ORDINARY (ING) - Maybe Sharescene admin can update this code?

This stock is climbing up on the Shortman Top 100 List - short positions @ 27 July 2018 = 12.84


1 JBH JB HI-FI LIMITED ORDINARY 19.46% 0.04
2 SYR SYRAH RESOURCES ORDINARY 19.33% 0.19
3 GXY GALAXY RESOURCES ORDINARY 16.10% 1.45
4 DMP DOMINO PIZZA ENTERPR ORDINARY 14.84% 0.10
5 ORE OROCOBRE LIMITED ORDINARY 14.07% 0.89
6 ING INGHAMS GROUP ORDINARY 12.84% 0.45

https://www.shortman.com.au/top

Some recent commentary
QUOTE
Inghams Group Ltd., which became the most shorted stock on Australia’s benchmark index in July, may provide commentary around falling prices in New Zealand and a replacement for Chief Executive Officer Mick McMahon, who step downs this month

https://www.bloomberg.com/news/articles/201...earnings-season

QUOTE
Goldman believes that capital management initiatives from this poultry company could be a positive surprise. The broker feels that this is likely to be from a share buyback program which it estimates could be 5.5% to 11.5% earnings accretive.

https://www.fool.com.au/2018/07/31/top-brok...arnings-season/
Attached File(s)
Attached File  ing.png ( 95.95K ) Number of downloads: 4

 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
ShareScene.com
post Posted: Feb 3 2009, 10:00 AM
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Company:
ING PROPERTY TRUST

Code:
ING

Website
http://www.ingproperty.co.nz/


 
gulf
post Posted: Mar 13 2008, 08:08 AM
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ING - not a good read today with ING suspending withdrawls from two funds - why are they investing in sub-prime - this does not help the fund industry in NZ

 
 



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