National Grid Share Discussion Threads

[freedomexpress747] 18/4/2024 10:58

This is my largest holding and I doubled up on weakness. Good, stable business, and demand with a digital economy can only go up. The ESG investors can buy this, the income investors can buy this, those who want international diversification can buy this, politicians need stable power transmission etc.

[1carus] 18/4/2024 10:05

I should have bought yesterday!

[skinny] 18/4/2024 07:05

National Grid today issues a pre-close update ahead of announcing results for the year ended 31 March 2024 on 23 May 2024.

We now expect Underlying EPS for 2023/24 to be in line with the prior year, at actual exchange rates and before the reporting change noted below.

In the 2023 Spring budget, the UK Government introduced 'full expensing' tax relief for qualifying capital expenditure to encourage greater levels of investment from businesses. This change became permanent in November 2023. To represent underlying profitability more accurately, and to align with UK peers, we will now report Underlying Earnings and Underlying EPS excluding the impact of deferred tax in our UK Electricity Transmission and Distribution businesses.

This reporting change will be reflected in our 2023/24 Full Year results, which will lead to an expected increase to Underlying EPS of around 8 pence per share.

Further details will be provided in our 2023/24 Full Year results, and a note on the change to our definition of Underlying Earnings and Underlying EPS can be found on the Investors section of our website here¹.

[utyinv] 17/4/2024 23:57

1carus,

Usually they rise into the results. I can be wrong but I would not be surprised to see £11 by the first week in May.

[1carus] 17/4/2024 19:26

Looks Like these may be down in to the 9's again. Might have to dip back in!!

[utyinv] 17/4/2024 07:18

CPIH for March was 3.8%. So 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%
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%
Mar ‘24 : 3.8%

So the average CPIH is 5.575%

Divi last year 55.44p X 1.05575 ( ave CPIH) less int divi of 19.4p gives a final dividend of 39.13p if NG stands true to its commitment to increase dividends in line with CPIH, average for the previous 12 months.

final divi expected to be 39.13p

[klotzak] 15/4/2024 12:34

Looking good value now.

[utyinv] 11/4/2024 16:01

Yanks at it again. This stock should be £20/share. Guaranteed income from both UK, USA, Inter-connectors, and unlicensed business.

When you look at the level of ADR US shorts the Hedgies over in the US have in place, shows you they are manipulating the share price Just hope they get a taste of a similar sting that VW/Porsche inflicted a few years ago on short traders, catching many off guard and on the wrong side of their short trades, making a lot of hedge funds go bankrupt. Devine justice was my call.

[philanderer] 27/3/2024 15:27

National Grid CEO forecasts data centre energy surge driven by AI and quantum computing

[pierre oreilly] 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

[utyinv] 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.

[marktime1231] 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!

[viscount1] 19/3/2024 11:19

At least the (short-sighted) ESO nationalization will get this ridiculous argument out of NG's court somewhat.

[philanderer] 19/3/2024 10:44

Electricity upgrade plan includes miles of pylons

[gbh2] 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.

[newbank] 12/3/2024 17:01

UtyInv,

Yes, I have noticed the same trend.

[utyinv] 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🤞

[gbh2] 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!

[bargainsniper] 11/3/2024 10:36

Thanks for the detailed explanation.

[utyinv] 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 )

[bargainsniper] 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?

[viscount1] 10/3/2024 12:52

Net debt looks high but interest is easily manageable given the cashflows.