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NG. National Grid Plc

1,066.00
4.50 (0.42%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
National Grid Plc LSE:NG. London Ordinary Share GB00BDR05C01 ORD 12 204/473P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.50 0.42% 1,066.00 1,066.00 1,066.50 1,071.00 1,059.00 1,064.00 10,158,619 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Combination Utilities, Nec 24.25B 7.8B 2.1140 5.04 39.33B
National Grid Plc is listed in the Combination Utilities sector of the London Stock Exchange with ticker NG.. The last closing price for National Grid was 1,061.50p. Over the last year, National Grid shares have traded in a share price range of 918.60p to 1,140.3736p.

National Grid currently has 3,688,191,645 shares in issue. The market capitalisation of National Grid is £39.33 billion. National Grid has a price to earnings ratio (PE ratio) of 5.04.

National Grid Share Discussion Threads

Showing 9201 to 9223 of 9225 messages
Chat Pages: 369  368  367  366  365  364  363  362  361  360  359  358  Older
DateSubjectAuthorDiscuss
27/3/2024
15:27
National Grid CEO forecasts data centre energy surge driven by AI and quantum computing
philanderer
20/3/2024
08:04
Marktime, I posted something which may be if interest, 177285 on the great global warming swindle thread.

The only thing I'm not sure about reading the gov and Ng. releases since, are what the 'extra £120 pa' on bills means to pay for the grid expansion to handle windmills. I think it must be cumulative, i.e. An extra 100 quid year 1 (as you rightly say now, and extra 200 year 2, 300 year 3 etc

pierre oreilly
20/3/2024
07:31
CPIH for Feb was 3.8%. So to date we have:

Apr ‘23 : 7.8%
May ‘23 :7.9%
Jun ‘23 : 7.3%
Jul ‘23 : 6.4%
Aug ‘23 : 6.3%
Sep ‘23 : 6.3%
Oct ‘23 : 4.7%
Nov ‘23 : 4.2%
Dec ‘23 : 4.2%
Jan ‘24 : 4.2%
Feb ‘24 : 3.8%

Just need March’s CPIH which will determine what the final divi will be, based on the commitment by the Company to follow the current dividend strategy.

utyinv
19/3/2024
12:58
I do not understand the news report today saying we need to invest £60B on thousands of miles of grid work adding to (or replacing?) the UK electricty network, and that this will add £20-30 a year to bills. Because of the transition to renewables.

Hang on we already have a network which has the capacity to distribute 60GW of electricity generation, and peak demand has fallen to only about 45GW over the last 15 years. Are you really saying that we are stupidly not making best use of existing networks and former generation sites when developing new generation or storage?

OK so remote wind farms need to be linked south of the border ... but if Norway, Denmark, France, Germany can build connectors over hundreds of miles with private finance, and no obvious loading on to bills, then what is the extraordinary fuss about having to add a couple of subsea links between Scotland and England?

We are already paying an extra £20-30 a year by the way. Electricity standing charges, 82% of which OFGEM tell me are to pay for Network Development and Grid Operator costs, have doubled in the past three years. So do you mean ANOTHER £20-30 a year for as long as this fantastic sounding grid development takes?

Like I said at the beginning, I do not understand the news story. Aaaaaaagh!

marktime1231
19/3/2024
11:19
At least the (short-sighted) ESO nationalization will get this ridiculous argument out of NG's court somewhat.
viscount1
19/3/2024
10:44
Electricity upgrade plan includes miles of pylons
philanderer
14/3/2024
07:26
SP playing catch up, it was clearly over sold!
gbh2
13/3/2024
10:23
It's been going on for decades but it became more noticeable with the introduction of computers.
gbh2
12/3/2024
17:01
UtyInv,

Yes, I have noticed the same trend.

newbank
12/3/2024
16:36
Coincidental or what? Every year when the US puts its clocks forward three weeks before the UK, Yanks play havoc with our markets.

There is only four hours diff between NY and London and, maybe coincidental, but that extra hour when both the US and UK markets are open there is havoc at play.

Look at the graph from 1:00 / 1:30 pm UK time.

Happens every year without fail! Then come April miraculously it all starts to recover, hopefully🤞

utyinv
12/3/2024
14:57
They already adjust the price of Gas according to how much a dwelling is from sea level, so this sounds like the same fiddle is going to be applied to electricity, odds on the Energy suppliers will be the only ones to gain!
gbh2
11/3/2024
10:36
Thanks for the detailed explanation.
bargainsniper
11/3/2024
08:50
Bargainsniper,

NG operates very differently from other conventional Companies. NG since Privatisation in 1990 is allowed to recoup costs for maintenance and upgrades to system through charging customer bills.

However, recently, over the past few years ( pandemic years and cost of living issues ) NG has been encouraged to take on more debt than increase customer bills from what they would normally be. The regulator quotes that NG should be able to secure finance at preferential rates because institutions see NG as a safe Company to loan money to.

It’s in the License Agreement that CapEx and OpEx ( TotEx) can be completely recovered through customer bills over the lifetime of the Asset Life ( usually 40 years )

utyinv
10/3/2024
18:19
Good point.Debt is forecast to double between 2019 and 2026. Will it keep increasing forever?Then what about increased spend required to repair/update ageing network?
bargainsniper
10/3/2024
12:52
Net debt looks high but interest is easily manageable given the cashflows.
viscount1
10/3/2024
12:45
I have two bear points, any thoughts on this?

1) Debt (6.5× leverage)

Debt increased from 26.5bn in 2019 to 40.9bn in 2023.

Current debt is roughly equal to Capitalization

Forecast is for 54bn debt by 2026

My question is how much debt is too much debt?

2) Cost to repair/upgrade network?

bargainsniper
07/3/2024
16:53
PO, I bought in at about 8.40 something back in 2014 based on what you have just said. It was a very reliable return like a gov bond / gilt etc. But not anymore. I'm expecting a drop to below 10.00 before it heads north of 11.00 again. Seems better to look for that than just hang on for the divi. We shall see. I just think it gets a hard time and is worth more than it trades at.
1carus
07/3/2024
12:21
1c, Not sure how you can see no value here. If it has roughly 11bn unregulated in the us (or maybe regulated in part by us authorities, or at least told what to do by them), and 11bn regulated in the uk - then that seems value to me. Part of the uk regulators job is to ensure ng. makes a decent return on its (uk) assets - money for old rope if you ask me, and pretty much zero or extremely low risk making that cash. (No chasing bad bill payers, no sales teams etc etc - it's different to all other businesses imv). With 'one off' costs (like the splitting of the cegb in the past and likely great extra work 'upgrading' the grid for renewables, the regulator will allow ng. to pass on the extra costs, eventually to consumers, via an uplift in the err uplift). Hence the rapidly rising electricity bills (and beyond the smoke and mirrors, the coming very small cut in rates/kWh will be offset by yet another high rise in the standing charge). Well, someone has to pay for 'grid upgrades' to handle intermittent generation.

Treat ng. like a gilt - safe profits, safe rising divi, but will never be spectacular (although I'm very happy with the performance since privatisation). Not so happy about the electricity bill rises though, which many can now no longer afford.

pierre oreilly
07/3/2024
11:34
Roughly 50/50 UK/US, although different types of business.
viscount1
07/3/2024
11:23
I sold out of this a few months back as I could not really see any value. It seems regulated to death atm. Anyone here know what the the split is between UK and overseas operations. In some ways it would be good if labour got in and nationalised the UK part of it so that the rest of it could relist in the USA and get on with it. Sub £10 and I might consider getting back in .
1carus
05/3/2024
17:31
I always thought the term was aimed at lawyers of dubious ethics.
skinny
05/3/2024
16:59
For interest:
mirandaj
23/2/2024
11:55
I thought it was only the US market that was "manipulated by Shysters" so I'm shocked to learn from you that the UK has them too. 😱
anhar
Chat Pages: 369  368  367  366  365  364  363  362  361  360  359  358  Older

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