Northern Foods Share Discussion Threads

[aleman] 20/1/2023 16:58

Down not a lot. YTD +2.1%.

Sunny all day again - a bit less watery this time. The air temperature was warm enough to melt frost in the shade eventually. It felt comfortable briefly around midday, even in the very light breeze. It hinted at Spring even if it quickly got cold again. 5.7C after -0.8C. Maybe a December cold snap is good if it means I've adjusted to cope comfortably with temperatures that are still a good 1C+ below average. More sun tomorrow.

Have a good weekend.

[dr biotech] 20/1/2023 16:33

Good luck filling the vacancy, I've been to many different labs and often wondered how people managed to get a job in area where having a brain is normally considered a requirement rather than an option.

Bit of a mixed day for me, up 0.3% in the end but a down week overall. YTD 3.85%

[mrphil] 20/1/2023 16:14

Pleasant surprise to see the screen has turned blue since the last time I looked!

Two more applicants for our vacancy. One is an Indian guy that, to be perfectly honest, doesn't really have the grasp of the English language required for a telephone position! The other one actually sounds promising!

[philanderer] 20/1/2023 11:36

Morning everyone

Quiz = 4/7

A slight improvement on the temperature last night -1C , sunny now 5C

Portfolio flat

[ldavis] 20/1/2023 09:45

Also I suspect part of the November supermarket volumes being up was pepople stocking up early after all the warnings of shortages of Turkeys due to bird flu, other potetial supply shortages and peope taking advantage of early offers.

[aleman] 20/1/2023 09:35

Not sound right? What they don't say is that supermarket volumes were down significantly because everybody was eating out! That's not really "reining in festive spending". Restaurants, cafes and pubs serving food were rammed everywhere up here. It was often hard to get a free table,or even a parking space.

[blueliner] 20/1/2023 09:01

Morning
2/7, thought I knew more.
Not quite as cold last night
Didn't realize such a lot was hanging on the SSE dividend announcement.

[aleman] 20/1/2023 08:02

Good morning.

Is gas moving into glut? Are central banks raising interest rates to fight a problem that has gone? Will CPI go below zero as energy price reductions work their way through supply chains?


free stock charts from uk.advfn.com




Low demand has helped European gas inventories climb to seasonal record highs

[mrphil] 20/1/2023 07:49

Morning All.

4/7 for me this week, lucky guesses.

[mrphil] 20/1/2023 07:49

Not quite as cold this morning with +0.2°C showing on the shed thermometer although the car was reading -2°C on the way to the office.

[malcolm caton] 20/1/2023 07:30

Morning

only a slight frost this morning.

A dismal 2/7 for quiz all guesses

[skinny] 20/1/2023 07:25

Good Morning.

A terrible day for my lot yesterday -1.41%.

.

1/7!

[aleman] 19/1/2023 17:50

ldavis - Day-ahead prices were 175p and month-ahead 189p when the cap was raised to £1971 in Feb 2022 (see article). Year ahead was around 200p (see ice Feb 2023.)







Shorts and longs are now 155p+ up to 180p for next winter and back to 150p again. Very longs are lower. A domestic cap of a bit over £2000 seems reasonable but £3000 would suggest to me a price of nearer 300p than 200p. Okay, it was much higher than that last summer and autumn when caps of £5k or £6k were being touted but the government protected us from that. We are now exposed to the usual Ofgem cap that has tended to follow the market prices with not much delay. I still think the rise to £3000k seems odd if prices are below 200p. If delays were 6+ months behind market prices, it might make sense but previously they do not seem to have been anywhere near that.

As I said, it seems fast up and slow down again to me. I grant it's pretty complicated.

[blueliner] 19/1/2023 17:37

-0.71% folio, [FTSE All-Share -1.13%]

BHP, UPGS, AEWU, BERI, BRWM, WDS, worst fallers, not helped by falls in copper prices and crude.
CSN, UU., BA., the only material risers.

A chilly 3C max today, might have been sunny but with little effect.

[malcolm caton] 19/1/2023 17:29

Down 0.95%
Only decent risers BATS,DGE,FEVR,MSHL,IMB.

[dr biotech] 19/1/2023 17:23

Well that was the first proper down day of the year -0.9%

Multiple fallers UPGS/MRL/VLX/AUSC/STRX costing me the most as they are my larger holdings. LUCE being the only riser, but my holding there is small by comparison.

[deanforester] 19/1/2023 17:21

I'm down -0.965% on the day today (FTSE100 -1.065%).

Worst falls: TW. -3.87%, KGF -3.07% and S32 -3.02%.

Best rises: UU. +1.51%, BATS +1.22% and IMB +1.18%.

Oils and miners down, tobacco up.

A very good talk today from an Ex-Cathay Pacific Pilot. Some good shots of Kai Tak and aircraft approaching that final turn onto the runway.

DF

[mrphil] 19/1/2023 17:17

phil, yes I know Luceco and I'm kicking myself as I was going to buy a few a couple of months ago but got distracted! They have fairly recently acquired a couple of businesses that are more in line with our market so are more aligned with us now and I quite like where they are going. Maybe I can do a share swap with them 😉

Awful day today for my lot, -0.62% BP., BERI & LLOY

Have finally received one (what appears) genuine applicant for our vacancy. An Indian guy that has only recently moved into the country and has not yet worked in the UK. Seems very well qualified for the post but does he really want the job?

[ldavis] 19/1/2023 16:52

The April cap is going up because the Government subsidy is going down. Wholesale gas prices are still about 4 times higher than they were at the start of last year.

[aleman] 19/1/2023 16:48

A mixed bag for me yet again but a couple more reds and they're slightly bigger. -0.7%

Another very sunny day but a bit watery at times. It did not feel as strong as yesterday but the lack of a cold wind allowed more frost melt somehow even though it was 1C colder. It felt springlike around lunchtime again (I must be used to the cold now) but only for an hour or so. Shady areas are still white and, even in sunny areas, the ground remains hard underfoot. 3.3C after -3.0C.


US looking weakish again on bad news from Alcoa, Discover, WeWork.

[aleman] 19/1/2023 16:27

I tend to agree with the logic but, rather oddly, longer contracts have tracked spot prices quite closely - they've fallen 80% since August. I still don't see why the domestic cap should go up to £3k in April before they fall to £2300 in July. If you look back a few years the price cap tracked the prevailing market price with little delay until the government introduced the £2500 limit. Is it going to be like lumber, petrol, supermarkets again - quick up , slow down?

[ldavis] 19/1/2023 15:32

I do suspect that we will be paying a premium on domestic energy for quite some time to come to enable suplliers and the Government to make back their costs (and some) from the effects of the price cap during the peak.

[ldavis] 19/1/2023 15:26

Spot price is not really relevant for domestic energy bills as they are based on longer term wholesale contracts and there is a 3 month lag on the calculation of the energy price cap plus a further month(possibly longer) from the announcement until it comes into effect. It could be worse they could have left the reviews as every 6 months rather every 3 months.

Sme large energy consumers will be benefitting from low spot prices - but then they will also have been penalised when spot prices were much higher.

Part of the problem with the low cost supliers that went bust is they had not fixed in contracts for enough of energy they were likely to need for their customers so got hit when the spot prices rocketed and didn't have the finances to survive long enough to benefit from the subsequent and further anticipated falls.

[aleman] 19/1/2023 14:33

US Dec 2022 building permits down 29.9% on Dec 2021.

[aleman] 19/1/2023 14:15

Anybody understand why domestic bills have to go up in April before they can fall below where they are now? The collapse in spot prices should be triggering energy billl and interest rate cuts yet some Heath Robinson energy interventions are going to see the B of E raise rates when the underlying prices are down. Somebody must be making £bns out of this.



Energy bills are forecast to fall to £2,200 from July, saving typical households around £800 a year.

Latest estimates from analysts at Cornwall Insight on Thursday show energy bill predictions for a typical household have fallen due to the drop in wholesale gas prices.