National Grid Share Discussion Threads

[pierre oreilly] 30/11/2016 09:47

At a high cost of course, paid for by consumers.

Much better if we had a few nukes operating 24/7 and a surplus to export instead of all this unnecessary complexity brought on by the high penetration of intermittent generation. But I think things will get worse before they get better, with further coal and nuke closures planned in the coming years.

[m100] 30/11/2016 08:08

Telegraph - Winter power crunch fears as UK-France cables severed during storm



There is currently a negative plant surplus of up to 1.6GW showing for Monday to Thursday next week. Lucky we have plenty of Short Term Operating Reserve available

[utyinv] 29/11/2016 10:44

philanderer,

They along with Credit Suisse have been harping on about their recomendation when Grid was £11.46. They appear to be shorting the hell out of the stock, but not disclosing their action. It's about time John Pettigrew and Andrew Bonfield hit the Markets with an RNS saying that as from next week anyone not holding the shares will not get the special divi from the gas Distn part sale and then go onto saying the deal has been finalised with a price exceeding our initial expectations.

That then would hit the two Hedge Funds badly as they have probably sold shares they do not own hoping for it to fall to £8.54 before buying them back. If NG time it well they could teach these locusts a painful lesson. But this won't happen becuase IMO both John and Andrew are probably focusing on issues that their delegated and empowered teams should be manageing instead of both John and Andrew taking their eyes off the main priority .... the share price (CEO and CFO main performance objective is do everything possible to enhance shareholder value).

[philanderer] 29/11/2016 10:01

Goldman Sachs initiating coverage with 'sell' and 854p target

[velod] 28/11/2016 22:30

Warranty - Interesting analysis of NG on today's Motley Fool site. Virtually pinches half your post as its opening paragraphs :)

[velod] 28/11/2016 21:45

Well what an encouraging day for NG. Be interesting to see if it breaks out of 930p's tomorrow, tues. Possible. The dramatic retrace of the share price BEFORE going Ex-Divi might be helping here despite it being in Xd, as the retrace looked too deep and may well now be correcting that overshoot. Chances of further topping-up/buying much lower, are close to zero now.

[warranty] 27/11/2016 22:12

I'm a late switcher into NG. Velod only buying what I think is a safe home for my money with so many uncertainties at the moment. It seems so called safe stocks have been sold down recently so I've taken positions in several with profits made since Brexit. I realise it may stay low for a while and as you say there could be further dips so you might still get your sub £9 top up yet. It'll be interesting to see what happens after the Italian Referendum next week which could turn nasty so I'm happy for my money to be somewhere safe in the meantime.

[velod] 26/11/2016 20:01

Looking that way, warranty. Mustn't be greedy though as I topped up to my final budgeted maximum for diversification purposes when it hit 920p-odd the other week.

. . . Was watching to see if it would dip slightly below 900p's which was a distinct possibility (technicals) until Friday got under way proper. Then would add the top-up at that price level, thus bringing my average share price holding down and a few months later top-slice the overspend to restore equillibrium leaving me within my budgeted holding - but at a reduced buying-in S P.

That was the plan anyway :) Whatever, I'm happy with my holding as is.

. . . As NG is still in ex dividend classification for some weeks yet, it could still surprise by 'wandering negatively' during that time.

Only posted on here because I was browsing to see if anyone posted throwing light on that "bond crash" RNS which I still don't fully understand the ramifications of yet.

[warranty] 26/11/2016 18:31

So at a 923.4 finish velod, looks like your chance of topping up has gone??

[velod] 25/11/2016 12:59

Mid day-ish and share price starting to look more positive. One thing I didn't mention in last post was that there is also a resistance level at 920p. If it closes by end of day at, or proud of, 920p - then that bodes well for next week and the opportunity of topping up at a lower level will start to recede.

[velod] 24/11/2016 21:36

Finally, almost forgot. Said I'd post the new support levels after today's share price action closed and settled.

. . . Support around topside of just over 900p-ish but if it's a really bad day then likely no support until below 900p's - at 894pish!!

. . . But for those who believe they've seen the worst of this ex-Divi decline then it will have to break resistance at 930pish before it can motor again.

[velod] 24/11/2016 21:16

A top-up rather than "just bought in". Not sure you will understand my posts either with your "cack" reference. No matter, don't intend trying to please those with good-news-only ears.

Edit: Nor for that matter, those with bad-news-only ears, either.

[pierre oreilly] 24/11/2016 20:41

Velod, I don't think you followed my previous post at all.


Anyhow, for someone who claims to have just bought into Ng you seem extremely negative on every aspect of it. Why did you buy if you think everything about ng is cack?

i certainly wouldn't be short with a buyback starting just now, but each to their own.

[velod] 24/11/2016 19:48

Yes, that's the theory but don't forget to factor in market sentiment whilst the share buy-back is in play as regards the share price value (from today until early Feb next year).

. . . And market sentiment is such at the moment that one would be forgiven for thinking the share went ex-Divi a couple of weeks ago!

What was that bond talk in today's RNS all about?With its talk of downwards revision to the American NG.? Whatever it's not good.

[pierre oreilly] 24/11/2016 19:13

velod, Simply by the mechanics of the sets orderbook it's obvious that any buy, whether a buyback or not, either increases the price or makes an increase more likely, from what it would otherwise be. That doesn't mean the price will rise on buybacks - it just means, and must mean, the price ends up higher than it would have been without the buyback.

[velod] 24/11/2016 19:04

Share buy-backs. The theory is sound but in practise have never noticed a blind bit of difference to improving in the share price in any share I've owned over the years. Not a jot! Yes divi should increase per shareholder but that all depends on what the bod decide to pay out come the time.

[velod] 24/11/2016 18:55

MJ1921 asked earlier this week - "Is it worth buying more now or wait till after divi?"

I'm doing both! Topped up when it dropped significantly the other week to ensure I was in for receiving the divi.

909p is still below my average so looking to add yet again to get my average down further. Of course you've missed out on the divi by buying from now onwards. But I think there's every chance of a further retrace in the share price as the best ex-Divi prices often appear to occur (with NG. specifically) within the first couple of weeks of going ex Div - and not on the first day! Also consider that the support level at the start of today was 913p and look where it closed tonight - below that! So very confident of an even better top-up price in following days/weeks. Haven't checked, but if time will post later of new support level going into Friday.

[utyinv] 24/11/2016 18:50

If you look at the chart above which shows NG share price in comparison to the SMA(50), SMA(100)and SMA(200) you can see that the fall over the past month is the worst the Company has suffered in history including the 2010 rights issue where OFGEM told National Grid they had to squeeze their shareholders to raise over £3 billion to help fund capital expenditure.

[utyinv] 24/11/2016 18:37

Pierre,

Share buy back is purely to furnish the scrip issue. Would be nice if the Company showed confidence in the Business and its future by going further and take advantage of the vastly oversold shares.

To buy back a load in order to catch the Hedge Funds out before they can close their 'Shorts' losing big time.

As My previous post (4200), the world sees many Hedge Fund Managers as 'Locusts', using other peoples shares to short the stock, destroying the price before buying back and making many £millions in the process.

[gateside] 24/11/2016 18:12

Could be all manner of personal reasons, as to why a director sells shares. Don't think you can read too much into it.

[pierre oreilly] 24/11/2016 17:39

£155m share buyback starting now over a couple of months.

[gutterhead] 24/11/2016 14:15

Couldn't resist at this price. No brainier.

[utyinv] 24/11/2016 13:29

What if anything did Mike Westcott HR director know when he sold 20,000 shares at £11.25? Shares were on a rise predicted to get onto the long-awaited path towards £13/ share.

Was it just coincidence, or did he know of problems regarding the SO/TO split, the Gas Distn sale or RIIO II? I would have thought as there are obvious issues regarding the ring-fencing of any partly sold or seperated business, ie pensions, experienced HR staff 'cap badged' for parts of a Company that have to be seen as independant, or was it the GMB union trying to stop the Gas Distn sale? Doesn't instil confidence in the share when a Director starts to sell during delicate times.

[redartbmud] 24/11/2016 10:25

Salpara111
How did you arrive at that 'magical' number?