Share Name Share Symbol Market Type Share ISIN Share Description
National Grid LSE:NG. London Ordinary Share GB00B08SNH34 ORD 11 17/43P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +5.50p +0.55% 1,013.00p 1,013.00p 1,013.50p 1,022.50p 1,007.50p 1,009.50p 7,021,650.00 16:29:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 15,115.0 3,032.0 69.0 14.7 38,071.04

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Date Time Title Posts
30/11/201612:03NG--with charts.2.00
06/8/201513:21NG. with charts2.00
28/11/201213:43National Grid - Powering Ahead!83.00
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National Grid Daily Update: National Grid is listed in the Gas Water & Utilities sector of the London Stock Exchange with ticker NG.. The last closing price for National Grid was 1,007.50p.
National Grid has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 3,758,246,905 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of National Grid is £38,071,041,147.65.
utyinv: Mike24, As an added point, and this is only an opinion as I couldn't possibly give advice..... :) I expect the share price to rise after an initial fall, though this may take some time to get back to pre sale share price. However, the share price drop may be mitigated by the share buy back and a possible share consolidation. If the price recovers then you just keep your original option price. However, we have been here before where the share price dropped due to a rights issue when NG was raising £3billion to invest on infrastructure build because OFGEM said NG shareholders should take a hit! In which case, sharesave holders closed their option took the cash, bought shares in the open market at a new lower price than the original option price and then took out the next sharesave with a lower option price. The same happened to bank employees when the bank crisis was at its peak. Shares from £9+ was reduced to approx £1. Many bank staff cashed in their sharesave, took the money saved and waited for the next sharesave issue which was at a much new lower price. I believe the next sharesave option price will be issued in Dec / Jan for 1st April 2018?????
utyinv: Mike24, Sharesaves are based on 80% of the share price over a three day period at a specific evaluation time. Be careful, sharesaves are just that, savings to buy shares at an option price in the future. You do not hold any rights till your options are excercised. The company isn't any smaller till the 61% of the Gas Distn business is completed! If you go back to when NG was Privatised in 1990, the Company was owned by the 12 Electricty Area Boards (now DNO's). The share price of NG was calculated as a reflection on asset value and the value of the parent company area boards. So when a sharesave was issued it was based on that basis. Then in 1995 when NG was floated on the open stock market it was floated at a price of £2.20 yet the calculated price for existing share options was much higher, so when it was floated the option price was altered to reflect that new price. The upshot being for employees that stuck with the sharesave was that they got six times the shares they originally were to get woth the new option price being reduced to 37.5p. However, in those early days when the first sharesaves were issued when the Company was vested in March 1990, the max you could save towards a sharesave was £150/month! It was changed to £250/month less than a year later and remained at that level till three years ago when it was raised to £500/ month!
mj19: At the time of writing, shares in the UK’s largest listed utility, National Grid (LSE: NG), were changing hands at around 954p, that’s 16% below last summer’s peak of 1,130p. Traders would consider that a very substantial retracement given the electricity and gas distribution firm’s reputation for stability and low volatility. Inflation-proof A cursory glance at the group’s share price chart makes it an obvious pick for traders looking to buy the dips in an uptrend. But of course we’re not traders looking to make a quick buck from short-term price movements, we’re here to build long-term wealth based on sound fundamentals and common sense. So the question remains, could this be our last chance to buy National Grid for under £10 per share? First and foremost we must look at why the utility giant has remained a favourite among investors looking for stability in their buy-and-hold portfolios. The utility giant has no competition whatsoever, no one else can provide its services here in the UK, resulting in a virtual monopoly, making it ultra-low-risk. Secondly, the company’s dividend policy continues to attract long-term income seekers with its aim to grow the dividend at least in line with the rate of RPI inflation each year for the foreseeable future. In other words, a steady reliable growing income – what’s not to like so far? Growth Third and perhaps more surprisingly, National Grid does have attractions for growth investors. Over the last four reporting periods, the firm’s revenues have increased by £1.3bn, with pre-tax profits up £473m, and underlying earnings per share rising by 27%. The result is a 56% increase in the share price since 2012. Not bad for a boring utility with little opportunity for growth. Nevertheless, the main attraction is still the progressive inflation-proof dividend and low-risk profile, but that in itself attracts buy-and-hold investors in it for the long haul, which of course leads to further share price appreciation. Analysts expect the full-year dividend payout to be hiked by 1.07p per share to 44.41p for the current period to the end of March, with further increments to 47.32p by FY2019, giving a chunky prospective yield of 5% at current share price levels. Windfall But that’s not all folks! Last month National Grid announced that it was to sell a 61% stake in its gas distribution business to a consortium of investors led by Macquarie, the world’s largest infrastructure manager, for £3.6bn in cash by the end of March. The company will also receive £1.8bn in additional debt financing as part of the deal. Of the total £5.4bn proceeds from the sale, National Grid will return around £4bn to shareholders by way of a special dividend, perhaps as early as the second quarter of this year, together with a share buy-back programme. If all goes well, shareholders could be in line for a sizeable windfall.
utyinv: PO, May not have a share consolidation ( the type of consolidation where shareholders have their holding reduced to account for the smaller Company). Without a share consolidation share prices should fall. However, with the £1billion being used to buy back shares should reduce the fall post special divi. Example: After Special divi, depending on where the price is in the Spring/summer, my guess may be £9.50 and if a special divi of 81p is paid I expect the share will fall 81p plus X. The price nearly always falls initially more than the dividend - post dividend. So using the example with 3.7 billion shares in circ at the example price of £9.50 less 81p + X (lets say X =10p) share price could settle at £8.59. If then NG use £1 billion to buy at £8.59 that should reduce the shares in circ by 116.5 million or 3.1%. Gas Distn contributed approx £845million from the £4.1 billion return (last full yr results). After the sale NG will still hold 39% so of the £845million the part Gas Distn element sold would have contributed £515million or 12%. So the buy back should bring back the share price 3.1% plus 10p ( the X used in my example which always comes back) to £9.04 from a starting price of £9.50. It's interesting to note that the reason for selling the gas Distn was to focus on greater growth areas ie United States. From the last full results total gas Distn made £845million whilst the US business made £1.2 billion. So in time the share price should grow back to a strong position whilst still having the benefit of the special dividend. My take is IMO only and the above example is just one scenario that might materialise.
prewar: Uty please post detailed workings for £15 share price.... I think you'll find dollar earnings offset by dollar debt and equity and hedging. Share price has dropped as a result of NG being comparable to bonds, which have reduced in price post Trump election. If you can't handle a bit of volatility sell up and stick your money in the bank, alternatively look at the price now as an opportunity, be surprised if these are less than £10 this time next year. DYOR
utyinv: still no news on SO/TO split or not, no news on RIIO II both due out at end of Nov. All the uncertainty is allowing Hedge Funds to manipulate the share price. What is Pettigrew and his 'Board' doing........? It has also been said that JP has also ignored calls from Analysts requesting info on how things are progressing, which with the constant delay experienced I am inclined to believe. This is in direct contrast to how Steve Holliday operated in ensuring the Markets were kept upto date with info, informing them of the cause of any delay and to quash any negative news propagated by Hedge Funds that they put out to manipulate the share price. In recent years, under Steve Holliday, there have been numerous 'City Briefings' after results to keep things focused as Markets do not like uncertainty. The main priority for a CEO is to keep investors happy and increase shareholder value. A CEO has a fully equiped team to carry out the operational quirks based on his directive. So I am starting to question whether JP is the right man for CEO material, operationally he is brilliant but the Jury is out on how he is performing his current role.
utyinv: Should of had a decision on the SO/TO split or not. Should of had a decision on RIIO II which will guarantee what we can spend /earn over the second part of the RIIO period (to 2021). The gas Distn part sale was always due to be completed by end of year, with proceeds of deal distributed to shareholders in first quarter of next year. Have we had regular updates on how things are progressing? Ans No! At the interim results 10 Nov Pettigrew stated to analysts commenting about all three aspects "expect to hear something very very soon", giving the impression to Analysts that it was a couple of days. Three weeks later no news, no update! No wonder Hedge Funds are having a field day. They (hedge funds) can put out any negative comment / news to drag the price down because there is nothing coming out from John Pettigrews 'Board' to contradict the negative views. Holliday would have probably of had three City presentations by now trying to arrest the crazy drop in our share price. Jury still out on how JP (as he is known in the Company) is fairing, but so far the evidence of performance is quite damning. Don't forget the final results in May of this year and share price during June, July and Aug is based on Holliday's legacy. The first results purely down to JP was the Interims where since then (or abouts), £9 billion has been wiped off our value when it should have been going the other way especially when you realise that for the past four years we have been increasing our asset value by cap ex spend by £5billion / year. Very, very dissapointing performance, so far. May take years if at all, to get where it should be pushing £13-£15 / share.
mj19: Does This Dividend Darling Have Any Upside: National Grid plc (NYSE:NGG)October 31, 2016 CSZ Staff If investors are looking for a stable dividend stock with upside, National Grid plc (NYSE:NGG) could be one that fits the bill. The stock currently provides a dividend yield of 4.92% for the Utilities company. Sell-side analysts covering the shares are projecting that it will reach $75.27 within the next 12-18 months. This is a solid upside to a recent tick of $64.66. On a consensus basis, analysts have a Buy/Sell rating of 2.70, which is based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. A dividend is used when a company's board of directors issue a portion of the company's earnings to its shareholders. These dividends can be in the form of a cash payout, as stock shares, or as other property. The dividend rate can be quoted as a percent of the current market price, known as the dividend yield, or quoted in terms of the dollar amount each share gets, called dividends per share or DPS.Profits of a company can be distributed to their shareholders by a dividend, or can be kept as retained earnings within the company. The company might choose to use their net profits and buy back their own shares out in the markets as a share buyback. Dividends and share buy-backs don't change the value of a company's shares. Dividend payments are approved by shareholders and could be structured as a one-time dividend, or as a cash flow to investors and owners.High-growth companies such start-ups like those in the technology or biotechnology sectors usually don't offer dividends because they need to use all of their profits reinvested back into the company in order to sustain the higher-than-average growth that they need. More established companies will issue regular dividends because they want to maximize shareholder wealth. Companies in the sectors of oil and gas, basic materials, healthcare and pharmaceuticals, banks and financial, utilities, and REITS tend to issue dividends more than other sectors.RECENT PERFORMANCELet's take a look at how the stock has been performing recently. Over the past twelve months, National Grid plc (NYSE:NGG)'s stock was -4.37%. Over the last week of the month, it was -1.07%, -10.96% over the last quarter, and -8.32% for the past six months. Over the past 50 days, National Grid plc stock's -11.28% off of the high and 0.83% removed from the low. Their 52-Week High and Low are noted here. -13.75% (High), 2.69%, (Low). FUNDAMENTAL ANALYSISFundamental analysis examines the financial elements of a company, for example; sales, cash flow, profit and balance sheet. These numbers are then crunched to create theoretical valuations of companies. Earnings Per Share (EPS) is the earnings made by a company divided by their number of shares. EPS enables the earnings of a company to easily be compared to their competitors. The higher the number, the more profit per dollar is being made on investor capital. National Grid plc's EPS for the trailing 12 months is 4.19. Their EPS should be compared to other companies in the Utilities sector.Price-to-Earnings Ratio is the current share price divided by annual earnings per share. P/E provides a number that details how many years of earnings it will take a stock to recoup the value of one share at current price levels. Easy to calculate and understand, P/E is an extremely common ratio that is used to compare valuations of stocks against each other relatively. National Grid plc's P/E ratio is 15.44. Projected Earnings Growth (PEG) is a forward looking ratio based on anticipated earnings growth. PEG is created by dividing P/E by the projected rate of earnings growth. National Grid plc's PEG is 5.51.TECHNICAL ANALYSISTechnical analysts have little regard for the value of a company. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Analysts use common formulas and ratios to accomplish this.National Grid plc (NYSE:NGG)'s RSI (Relative Strength Index) is 34.70. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.
utyinv: PO, Ofgem, are being politically motivated as they always are! They cannot stop the sale but obviously will play down a good RIIO review when next up 2021. By warning the potential buyers that they will not get above the regulatory asset value when the review next occurs is basically OFGEM trying to use the sale for their own benefit in reducing costs in the future. Eg, Lets say Asset value is £5.6 Billion (for the 51% stake in the four Distn networks). On bidding, like an auction for houses, a reserve price will be set at X, in this case what National Grid values the 51% stake as a minimum i.e. (£11 billion x .51 = £5.61billion). So say Company 'China X' buys all four networks (to make it easy), for £6billion, out bidding others. Ofgem are saying do not expect in the 2021 review that they will tolerate an asset value in excess of £5.61Billion x index. That then spoils the party for a keen 'China X' company wanting to invest further money in the network to improve returns, because OFGEM are saying they will not enter into negotiations years down the line regarding asset value, which is used to determine revenue. i.e trying to impose an unofficial 'crude derivative type' contract.That way it makes it easier for OFGEM to screw the new company in the next review and they (OFGEM) get a pat on the back for being clever in curbing the new owners future revenues. I hope my basic explanation makes sense? Ofgem should not make such future statements and what they are doing is trying to illegally set a future negotiation benchmark for any potential new company to settle a new review in OFGEM's favour(illegal because no one knows what will or not happen in five years time and IMO OFGEM are over-stepping the boundaries). As for the sale and possible return to shareholders: 51% stake will raise £5.61billion. National Grid has said it will not sell if it doesn't raise the min value of what they value the business at, i.e. they don't have to sell! So let's assume £5.61billion. Approx £2.6billion will be used to write off the pro-rata debt for the part business that National Grid currently owns, leaving approx £3.01billion for shareholders. Now there are two schools of thought: 1) all the proceeds are returned to share holders £3billion divided by 3.72 billion shares in circa = approx 80p/share. or scenario 2 (intimated at the AGM) 2) some will be returned and some will be used to buy back shares to try and maintain a reasonable value on the remaining share price, post distribution of the special divi (otherwise as the business is smaller then the remaining shares must be reduced pro-rata to reflect the new Capitalisation Value of NG). So we may get National Grid buying back some shares reducing the number of shares in circ (trying to maintain share price)and the rest distributed to shareholders. IMO if this scenario was to be undertaken 'we shareholders' may get 50- 60p back as a special dividend and the new shares value will not be drastically reduced. However, let's not forget why NG want to sell the Distn networks. They believe they have taken the business as far as they can with the effort and overhead costs they are willing to sacrifice. They believe they can improve the 'rate of return' per share if moving out of UK Gas Distn. A further clue would be what they do with the remaining 49% of the Distn Networks and where they spend that money (when the remaining holding is sold off in the future). My guess is that the proceeds of which will be used to purchase further acquisitions, with potential growth. All this IMO only!
utyinv: PO, I think you miss my point. Pre referendum National Grid value X. Post referendum National Grid worth X no change intrinsically, but the share price in GBP post referendum has gone up to reflect the drop in the value of the GBP worldwide, ie, 20%. Sure if you sold Grid at £11.30p and bought something from the UK you would benefit but if you bought something outside the UK you would be no better off than before the referendum. 30%+ of NG income comes from the US with a US$ income that is exchanged back into UK Sterling (in simple terms). I spoke to Bonfield (CFO) in July when the share price jumped almost overnight to £11.30 and commented that the share price jumping to £11.30 was only a result of the drop in the GBP and euforia shouldn't let us run away with ourselves and he agreed. NG has yet to be valued correctly and a pre referendum share price, based on money spent on increasing our assets by £5billion / yr should have raised the share price to £13/share. National Grid is one of a very few Companies that are expanding and spending real money improving and building asset base and the share price has not IMO kept pace with build. I dont have to explain the significance of an increasing asset base to you as I know you are aware how National Grid gets its income. I also expect a boost in share price especially when the City realise and 'clocks' what's on the horizon with the gas distn sale. My forecast, IMO! Distn business worth £11 billion sale of 51% gives a return of £5.6 billion, take pro rata debt off and a possible share buy back ( an option floated at the AGM to try and keep the share value up post sale) would leave £2.9 billion to be returned to shareholders. With 3.7 billion shares in circ this may realise a special divi of 78p.
National Grid share price data is direct from the London Stock Exchange
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