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ING - Inghams Group

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Just had a look at the ING chart from a longer term view since the listing and it looks like it's in a clear up trend despite all the volatility. Given that it is a steady dividend payer (see below) offering a good dividend yield as well, I've put it on my watchlist of stocks.



So far looking good, capital growth + income as far as the chart is concerned, just excuse the Ad covering some earlier dividends.
 

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aus_trader said:
Just had a look at the ING chart from a longer term view
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Long term there looks like competition might be coming from some unlikely sources.

Plant based “meat” companies are growing super fast, and lab grown meats are coming onto the scene.

It’s hard to imagine factory farming chickens being a growth business 5 or 10 years from now.

Check out the this video, the market is backing beyond meat.

 
Value Collector said:
It’s hard to imagine factory farming chickens being a growth business 5 or 10 years from now.

Check out the this video, the market is backing beyond meat.
Click to expand...

Thanks for bringing this up, it's always good to know the latest trends and this looks like quite an innovative / disruptive trend is taking place.

ING may be safe for now as the video mentioned they are primarily targeting beef and pork industries and not poultry.
 
aus_trader said:
ING may be safe for now as the video mentioned they are primarily targeting beef and pork industries and not poultry.
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No, they are making chicken product too, I actually have had a plant based “chicken” schnitzels, a few different companies are making them.

Tyson foods is the largest chicken producer in the USA, and they have bought shares in beyond meat, and also released a separate plant based meat alternative them selves, their CEO has mentioned in public interviews he believes plant based is the future long term.

Check out this review of beyonds plant based chicken, the vegan girl actually said she didn’t like it because it tasted to much like real meat, which is what a lot of people moving away from real meat want

 
In the beyond (BYND) interview the CEO said the company was not into poultry at this stage. But interesting other companies are doing it. I think it's a good thing If only there was an alternative to eggs
 
aus_trader said:
In the beyond (BYND) interview the CEO said the company was not into poultry at this stage. But interesting other companies are doing it. I think it's a good thing If only there was an alternative to eggs
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That is beyond brand chicken in the video I linked, didn’t hear him say they are avoiding poultry, I will have to rewatch the video.

Edit- I rewatched it, he says that they are doing beef, pork and chicken, but investing most is beef and pork.

But yeah, they are definitely still expanding chicken alternatives.
 
I see, I thought the vegan girl's video was from another company since it had a different logo than the current beyond Cow logo. Maybe the company had changed logo in the past.
 
Beyond meat is beyond belief - fake meat is not the next big thing.
 
So_Cynical said:
Beyond meat is beyond belief - fake meat is not the next big thing.
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Have you checked out their sales growth?

Having traveled through the USA in the last two years it’s I have seen Beyond and their competition the impossible burger grow in popularity.

Even Disneyland is selling their patties on burgers, and the major burger chains are all introducing either be beyond or impossible.

If you have a grill’d burger shop near you, go and try the “beyond simply grilled burger”.
 
Value Collector said:
Have you checked out their sales growth?
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I dont doubt there will be some initial growth in a new product like this, but how sustainable is that growth? Its just a type of pattie, the margins will get squeezed as there is no barrier to entry and the % of the population who are vegan/vegetarian is still tiny.

Regardless, once the hype is removed these businesses are just commodity food producers which has not historically been a particularly high margin sector nor has it generally had much enduring competitive advantage.

On the other hand one can look at the craziness of milk companies performance in the share market and I guess that suggests anything is possible!
 
Nice chart! Does anyone see what appears to be a fully formed head and shoulders top?
 
In case people can't see the bearish Head and Shoulders pattern happening on ING here is another chart with the lines drawn....

 
I have moved all posts relating to animal welfare out of this thread and into the Animal rights and ethical food production thread. Anyone who wants to continue that discussion can do so over there.

This thread is for the discussion of Inghams Group. The topic of artificial meat and the implications that has for ING is relevant to a degree so I have left some of that discussion in here.
 
Ann said:
In case people can't see the bearish Head and Shoulders pattern happening on ING here is another chart with the lines drawn....

View attachment 94367
Click to expand...
OK thanks for making that obvious. It's not the easiest pattern to see so I do admit not picking it up.

So that's the bearish case pointed out. I'm not going to short it but will be a bit more cautious buying it. What would cause the pattern to be invalid i.e. where does the price need to go in order to say "the H&S didn't play out"? What about a bullish scenario, what levels does price need to rise to?
 
ING stock gapping up today, I might buy it. If I do will post details later...
 
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.
 
aus_trader said:
ING stock gapping up today, I might buy it. If I do will post details later...
Click to expand...

Turned out to be a bit of a trap back in May … I assume you didn't go through with that Aus?

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.
Click to expand...

Purely chart based Trav or fundamental as well? Nasty looking down bar today …. good luck with it.
 
Well day one went well. Just gotta maintain that downward trend !!

 
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