Australian (ASX) Stock Market Forum

ING - Inghams Group

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barney said:
Turned out to be a bit of a trap back in May … I assume you didn't go through with that Aus?
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Unfortunately went ahead with the purchase. Fortunately got out before the big gap down in late August. Still a realised loss in my account as documented in my spec portfolio.
 
aus_trader said:
Unfortunately went ahead with the purchase. Fortunately got out before the big gap down in late August. Still a realised loss in my account as documented in my spec portfolio.
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Thanks for that Aus. Missed the update on the Spec/P thread (so many threads!:doctor:) …..

Glad you got out with most of your shirt intact:blackeye::happy:
 
Trav. said:
My first short trade placed today, and ING is the lucky stock to receive that honour.

In at $3.47 so will be watching closely.
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I used to know Sam and Julie Ingham in my earlier life.
Julie certainly blossomed from an average duckling to a beautiful swan. Couldn't stop staring at her one day when she turned up at the local after not seeing her in years. Absolutely stunning. She was returning my glances but I was young and dumb and gobsmacked.:oops:
Back to business...
Good luck with the short, are you out already?
Am also interested, what triggered you to do a short?
Am heading that way myself... shortly.:D Lol
 
frugal.rock said:
Am also interested, what triggered you to do a short?
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I am flying out to work this morning and will post a chart in a few hours that will show my thoughts

Smurf1976 said:
Do you have a specific target to exit?

Or just when the trend stops etc?
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No target on this one, so will watch until trend changes and pull back occurs. Trail stop is also on place.
 
Why do a short?

I suppose the beauty of AmiBroker is that you can test systems at a click of the button and testing a short was just a natural extension of my development. While the market is up now it will not always be and by placing a few shorts will give me confidence in the system / cfd provider and myself. Currently the back test split is approx 60% long / 40% short.

Just a really quick / simple markup on my thoughts for entering this trade

upload_2019-12-18_10-6-31.png
 
Trav. said:
Why do a short?

I suppose the beauty of AmiBroker is that you can test systems at a click of the button and testing a short was just a natural extension of my development. While the market is up now it will not always be and by placing a few shorts will give me confidence in the system / cfd provider and myself. Currently the back test split is approx 60% long / 40% short.

Just a really quick / simple markup on my thoughts for entering this trade

View attachment 99119
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Your thinking is good @Trav., interested in how you will develop your shorting skills.

In fact that is the way a lot of the hedge funds operate as well, slightly underperforming in bull markets but outperforming during bear markets by having a few short positions to hedge against their long portfolio.
 
Sounds like a plan.
So, forgive my ignorance, average hold time, 15 bars?
What does it all mean?
Am guessing not pub crawl speak...(15 bars.. definitely an all nighter depending on how many dud bars!)
Just haven't heard of bars as a scale of reference for time?
Cheers
 
Inghams Group, the country’s largest chicken producer, will hike poultry prices further to recover costs of rising feed, packaging and freight.

Chief executive Andrew Reeves said company, which supplies supermarkets, restaurants and fast-food chains in Australia and New Zealand, would seek to recover its full-cost increases, after the latest round of increases only covered some of its higher costs.

“We’ve got to get full price recovery and that’s our ambition,” Mr Reeves said.
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“It’s the full spectrum of costs we are dealing with. [Our customers] are tough negotiators, there’s trade-offs and gives and takes in all of that. But the critical issue [in not passing on the full-cost increases] is the timing issue.”
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Inghams said its cost of sales increased by 10.9 per cent.
 
Dona Ferentes said:
Inghams Group, the country’s largest chicken producer, will hike poultry prices further to recover costs of rising feed, packaging and freight.

Chief executive Andrew Reeves said company, which supplies supermarkets, restaurants and fast-food chains in Australia and New Zealand, would seek to recover its full-cost increases, after the latest round of increases only covered some of its higher costs.




Inghams said its cost of sales increased by 10.9 per cent.
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Direct effect Price of KFC, chicken burgers to go up by 20 pc.
 
Inghams jumped 7.9 per cent to $3.68 and was the best-performing stock on the ASX 200 today. It expects $247 million in statutory earnings before interest, tax and amortisation in the first half of 2024.
 
So who could refuse such a beautiful shiny knife trade opportunity?
A knife trade on a chicken stock just means MORE chicken...
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What's the matter?
Chicken?
 
My knowledge of under 30's these days, they only want to eat chicken as it's their favourite protein. Meh.
Thus the saying I guess.

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i was attracted ( but didn't buy , yet ) on the loosening dependency on WOW as a major customer

i hold WOW ( 'free-carried' )

lower for me before i dabble but don't need a huge drop from today's low
 
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