National Grid Share Discussion Threads

[santangello] 14/3/2017 13:08

Many thanks Dave, I should have known that lol.

[daveofdevon] 14/3/2017 03:34

It might be an idea if you searched LSE TRADE TYPES then you would know that this is nothing to get excited about. The 1.4m trade at 4:35 was flagged as UT and is an end of day uncrossing trade to clear down SETS so not a buy or a sell really.

[santangello] 13/3/2017 23:02

Agreed, but positive nonetheless...

[atlantic57] 13/3/2017 22:51

Surely a 1.4 million buy would be small beer for the size of company that ng is.

[santangello] 13/3/2017 22:39

1.4m buy and no RNS.....?? Doubt it would be MM to MM....interesting....

[utyinv] 10/3/2017 17:23

A lot of our stock appears to have taken a dive since the Yanks opened! The ftse is only up because of the Oilers and BT!

[bountyhunter] 08/3/2017 15:43

picks up on US buying from when the Dow opens?
too pessimistic over here (or too optimistic over there!)
the ftse followed the same pattern today but maybe that's as no nasty shocks in the budget and growth forcasts upgraded?

[davr0s] 08/3/2017 14:30

Every day seems to follow the same routine at the moment - drop1-2% and then regain it in the afternoon. Goodness knows what it means

[bountyhunter] 05/3/2017 19:15

as the sale of 61% of the UK Gas Distribution Unit is due to complete by 31-Mar-2017 I've added brief details at the end of the header for reference

there is also now a small DOW index chart towards the top of the header to complement the FTSE chart

[bountyhunter] 05/3/2017 17:17

yes sounds quite plausible, and a share consolidation could possibly be on the cards to keep future dividends in line; I hadn't considered that

[utyinv] 05/3/2017 16:27

Bounty,

My Guess is that the payout will be May (just before the Final results so they can do the PR bit quoting the return of cash to shareholders).

I expect ex divi for special divi will be mid April? Either way, I will be interested in the Final results and the intended Final Divi in Aug and how much less that Final divi will be due to the reduction in size of business. If there isn't a share consolidation even with buy-back, I would expect a 4% reduction from 26.8p to 25.74p. 6% total reduction in divi, with 2/3 of 6% for Final and 1/3 for Interim if you know what I mean?

[bountyhunter] 05/3/2017 10:36

Uty, yes pretty close so should be around that, although could be a little lower depending on the amount put aside for buybacks

I got the current market cap from the advfn financials ( ), also shown in the header, which fluctuates from day to day so I allowed for that by including the share price taken at the same time as the market cap in my calculation

The other question is when exactly will it be paid, they have indicated Q2 of 2017 but so I wonder if that means that they could make the xd date the same as for the final dividend xd which is 1 June, although the final div payment date is not until 16 Aug which is Q3 of the calendar year

[utyinv] 05/3/2017 00:00

bounty,

shares in circ 3.7 billion so mkt cap = 3.7 x £9.76 = £36.112 billion.

£4b x 0.75 / 36.112 = 8.3%

£9.76 x 8.3 / 100 = ~ 81p per share. Diff in my calc and yours is shares in circ and market cap. I believe, but stand corrected, that there are 3.7 billion shares in circ.

So 78p or 81p we are in the same ball park. :)

[bountyhunter] 04/3/2017 17:57

so £(4b * 0.75 / 36.7b (current market cap)) * 100 =~ 8% return excluding buybacks

therefore according to my calculations the maximum return excluding buybacks
= 976p (current share price) * 8/100 =~ 78p per share

[bountyhunter] 04/3/2017 17:48

just a reminder from the announcement in December:

"Following completion of the Transaction, National Grid intends to return £4 billion of net proceeds to shareholders through the combination of a special dividend (together with a share consolidation) and share buy-backs. At least 75% of the net proceeds are expected to be returned via a special dividend in Q2 of calendar year 2017. Net proceeds are calculated after retaining £0.7 billion of the additional debt financing, in order to maintain the equity value of our 39% interest in NGGD, and after deduction of costs of around £0.5 billion. A further announcement regarding the nature and timing of the capital return will be made in due course.
Completion of the Transaction is conditional on the receipt of merger clearance from the European Commission. Subject to satisfaction of this condition, National Grid expects that the Transaction will complete on or prior to 31 March 2017."

...so the European Commission is due to clear this just as we invoke article 50 :-)

[neddo] 04/3/2017 11:50

thanks uty, would that be march/ april this year or next?

[bountyhunter] 02/3/2017 21:21

not announced yet and neither is the exact amount (as some to be used for buybacks)

[poleaxe] 02/3/2017 20:58

When is the xd on the special divi, afraid i have not been following this that closely.

[mike24] 02/3/2017 16:20

come on, back to £10.50
no comments on "Deepminds" algorithms to enhance NG performance?
sun/times

[utyinv] 28/2/2017 17:59

No Neddo! Interims are paid in Jan, Finals are always paid in Aug. It's the Special Divi that will be paid in the second quarter after the part sale of the Gas Distn Business completes, expected by the end of March. My guess is that the special divi of 81p will be paid late April or early May.

[utyinv] 28/2/2017 17:59

No Neddo! Interims are paid in jan Finals are always paid in Aug. It's the Special Divi that will be paid in the second quarter after the sale completes by the end of March. My guess is that the special divi of 81p will be paid late April or early May.

[neddo] 28/2/2017 17:21

80p divi? is this right, been out of touch ?

[gutterhead] 15/2/2017 21:27

It is a Punt either way
At least it's a 5% dividend if you stay in

[warranty] 13/2/2017 14:47

Still wondering whether to sell before the split and special dividend then buy back in afterwards considering that the share price will probably fall by at least and probably more than, the same amount. Looking at the current share price performance it doesn't seem to be a particularly attractive proposition to buyers.