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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| National Grid Plc | NG. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.50 | 0.14% | 1,057.00 | 10:19:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,055.00 | 1,052.00 | 1,062.50 | 1,055.50 |
| Industry Sector |
|---|
| GAS WATER & UTILITIES |
| Top Posts |
|---|
Posted at 18/4/2024 10:58 by freedomexpress747 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. |
Posted at 18/4/2024 07:05 by skinny 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. |
Posted at 08/2/2024 17:08 by mirandaj The slides are available |
Posted at 18/12/2023 15:56 by utyinv Yanks at it again. It was expected as posted earlier that the number of ADR Shorts over the pond were at a record high and now Hedge Fund Parasites selling them hoping to make a killing at investors expense. |
Posted at 15/12/2023 18:11 by newbank viscount,I have been investing for over 40 years and in 99.9% of cases buybacks do absolutely nothing for the Investor that require income and growth from their nest eggs. The shares stay low. Just one example of this is within the banking sector. The share prices of all our banks are still at firesale value. Buybacks only help the 'Board' which artificially boosts the PE triggering a bonus. In addition, the ‘Board’ are employees who get paid a great deal of money to do their job. Many of the shares bought back in buybacks are not cancelled but banked to provide unjustifiable bonus giveaways to the Directors who do an average job. The logic in how Buybacks are executed baffles many. Ideally, buyback should occur when the share is at a low price but invariably we see the Companies buying back at high prices. Just remember Investors include many pensioners and professionals who have invested life savings in order to get extra income to supplement their pensions or salaries. |
Posted at 15/11/2023 11:28 by anhar A strong set of results for SSE this morning. 1020 here ahead of the 19.4p XD next week is looking more and more likely :)I've held NG. and SSE for many years in my income port. Although generallly the SSE figures today weren't bad, the large 38% divi cut for 2024 matters to me as purely an income investor. It was flagged well in advance so no surprise about this today but it still stings. Incidentally it makes SSE a much lower yielder than NG.. However I continue to hold both as part of the clutch of utis in my port. |
Posted at 11/11/2023 00:51 by utyinv anhar:Re: post 8653 - Forward yield should be a little higher as the 23/24 final will likely be ahead of last year's. I don’t think the increase will be as high ( percentage terms ) as last year because the Final will be based on the average CPIH for each month April ‘23 to March ‘24 less the interim paid in Jan. I have posted each month through to Sept ( Sept data published in Oct) and to date we have:- CPIH April 7.8%, May 7.9%, June 7.3%, July 6.4%, Aug 6.3%, Sept 6.3% So let’s play guess work with CPIH for Oct, Nov, Dec, Jan Feb and Mar. Hypothetically, if Oct data is 6%, Nov is 5.5%, Dec 5%, Jan 5%, Feb 4.6% and Mar 4.5% then the average CPIH will be 6.05% If that is the figure ( which we will use determining our Final) then : Last year Divi 55.44p x 1.0605 = 58.79p less 19.4p ( interim) = 39.39p so if the next six months of CPIH comes out as our exercise above, the final will be 39.39p. If CPIH falls faster we would get less and more if inflation persists. With NG using this formulae to determine dividends then NG is one of the few Companies where investors can predict the dividend. You also mentioned debt and dividend cover. This is normal for utilities like NG where income is almost certain. OFGEM have encouraged NG to capitalise future projects using debt rather than hiking customer bills higher. They (OFGEM) argue that NG can borrow cheaper than a risky Company and the business is secure. They then ask Grid to recoup project costs from customers over a 40 year period. The only income Ofgem have no control over is income from the US ( which is regulated from within the US but usually the US is more business friendly / realistic) and of course unregulated businesses, ie ventures etc. So unless NG change their divi policy or something seriously interferes with Company Strategy (politics), then NG is quite predictable. Hope the above helps |
Posted at 09/11/2023 10:29 by anhar As an income investor, good to see the divi up an attractive 8.7% to 19.4p. Taking this and last year's final of 37.6p totals a rolling 12m 57.0p. On the share price of 975p this makes a historical yield of 5.8%. Forward yield should be a little higher as the 23/24 final will likely be ahead of last year's.Downsides, in common with utility shares generally, are the low dividend cover and the huge debt and consequent gearing, which are nearly always present so nothing new there. These two negative features can threaten divis in time if not contained and utilities are not immune to divi cutting. However I'll continue holding in my income port, as I have for a very long time now. Share prices don't interest me much, it's all about the divis in my strategy and NG. has a fine record on that. |
Posted at 19/10/2023 11:02 by anhar Uty: I don't understand your persistent anti American comments, you sound as if you think they are personally determined to have it in for NG.. The US market is highly regulated and they're no more "shysters" than investors or pros in the UK.I'm a long term hold income investor and as such, daily price moves are of little interest to me. They are just random in the great majority of cases and I think you are mistaken to ascribe them to some sort of sinister American conspiracy. |
Posted at 03/8/2023 13:07 by utyinv 1carus,You are right it should be rocketing. But in America, the ADRs are being shorted more than double its previous record high. The ADR shorting list is a bellwether reflecting the outlook sentiment. Or it usually was, unless some unscrupulous Hedge funds are spreading gloomy news to force the markets down so that they can buy back the borrowed shares they sold, to make a short term profit. This is why I advocate 1/4 dividends because it doesn't give as much time for Shyster Hedge Funds to destroy value. With the future infrastructure, NG are allowed to borrow from the world markets to fund infrastructure reinforcements, allowing greener energy connections. The asset base NPV is based on 40 years and part of the make up to recoup costs from customers is that customer bills will have to rise. These costs can be spread across 40 years. NG also carry out sophisticated hedging on capital borrowed, creating some protection on rising interest rates. But one thing is for sure, whether an industry was either nationalised or privatised, if we want a greener energy policy people will have to pay for it. Governments do not possess capital, they just spend money they take from tax receipts. That is why the utilities were privatised, because the amount of capital required to meet the future demand could only be funded using world market investments. I worked for a Nationalised Utility and it was woefully wasteful and inefficient and if the utilities were not privatised, bills would be 300% dearer today. In a Privatised Industry, investors require a return. People working in those industries are incentivised to work hard and efficiently. The analogy I would draw on is the old fashioned view ( not strictly correct ), that in a Nationalised state owned organisation, ie, Council workers, where six workers are employed to dig a hole and one has a shovel, but all six require good salaries and protected pensions. So yes, in a normal, well managed capitalistic economy, National Grid is a Company whose future prospects should be rosy. If too much regulation prevents decent returns, then investors will just go abroad and employees will leave and work for other foreign Companies and a greener UK would be far more expensive to deliver. In a normal level economy playing field, National Grid shares should be £20 / share IMO |
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