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Share Name Share Symbol Market Type Share ISIN Share Description
National Grid Plc LSE:NG. London Ordinary Share GB00BDR05C01 ORD 12 204/473P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.60 -0.43% 825.00 826.60 827.00 831.20 821.40 828.40 5,389,491 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 14,540.0 1,754.0 36.5 22.6 29,281

National Grid Share Discussion Threads

Showing 8001 to 8024 of 8025 messages
Chat Pages: 321  320  319  318  317  316  315  314  313  312  311  310  Older
DateSubjectAuthorDiscuss
25/2/2021
18:47
Tanking in the US.
utyinv
25/2/2021
16:44
No real view on PNN Pierre. Sorry.
bennodean
25/2/2021
13:51
O/T, Hope no one minds. Ben - i'm watching pennon pnn. Almost certainly going to buy just after they get demoted from the 100 at the next review. i think ftse100 insts are shorting off their holding atm, hence waiting. Special situation, but i view the lowered divi extremely safe. I'll do it anyhow, but appreciate your view of it. Psychologically, it's an easy buy for me because i sold last year at 40% higher than it is today. Sum of parts (including 3bn cash i think) much higher than the cap. Sold due to maths of disposing of a business not making any sense and price high). Buying partly because you sold higher shouldn't make any difference of course, but it does to me!
pierre oreilly
25/2/2021
13:31
#7629 - thanks. I guess it partly depends on your timeframe. If you can look ahead to maybe 20 years plus of reliable income, that's good enough for me. And it's not all in run down; they're actively future-proofing as well. But don't want to clutter NG thread with off-topic discussion.
bluemango
25/2/2021
12:57
Appreciate the replies guys. Not sure I would be buying PHNX... its a book in run down. And new acquisitions become more difficult to digest due to the legacy nature of the business they consume. Don't let anybody kid you it becomes easier the more times you do it. And AAZ ? Not sure I sure I fancy a company with a large % of operations in that region
bennodean
25/2/2021
10:01
Pierre/Ben PHNX, steady and safe legacy Life Insurance business, 70th by market cap in FTSE 100, currently pays 6.5% annually. Results out 8th March and should see a dividend increase. I've learnt the hard way - unexciting is sometimes best!
bluemango
25/2/2021
09:38
Thank you Benno, Pierre and Ian for sharing with us all. If I read it right then you all would be looking at ULVR, NG, IMB, BP. et al ?
kaffee
25/2/2021
06:48
Pierre/Benno - AAZ ?
ianguerin
24/2/2021
23:34
ben, tr21, 8%. Can't be replaced - going to miss the 100% safe high income. For some reason, i thought it matured in Mar, but it's actually June, so a bit more breathing space. All I can think to do with it is safe high income ftse100 stocks. But 'safe' and 'high income' are also relative, and they may not be safe and high income tomorrow! It's a terrible time really to invest a decent slug, and worse still, it's hard to spend any of it atm.
pierre oreilly
24/2/2021
21:26
Talking of Gilts is that the reason why NG and SSE have seen a downturn of late.
bountyhunter
24/2/2021
21:21
Pierre...do you mind if I ask what the coupon rate was on the Gilt? And like you I am about to see a large sum (all relative and may not be large to others) about to drop in my lap. What would you suggest I focus analysis on?
bennodean
24/2/2021
08:10
Ah, sorry, I thought the mention of actual prices this would go to was based on some actual quantitative analysis resulting in numbers popping out at the end. Fair enough if it's just finger in the air speculation. I'd say the speculation that if the Divi goes down x%, then the shareprice will go down x% is pretty simplistic. No one knows of course, but with divis getting chopped left right and centre in blue chips, I think lower yields (i.e %price dropping less or increasing more than the divi) will be the norm for the lot of them. Pension money institutions take has to go somewhere. The quality of its earnings will keep its relative performance up there with the best.I have a gilt maturing which has been the largest contribution to my income for the last 20 years. It concentrates the mind when a big lump of cash arrives n the ISA and it has to be invested somewhere, else sit there earning nothing. To my mind, the income from ng is safer then just about anything else, and will be a relatively high and safe compared to other opportunities at the moment (for those looking for an income).
pierre oreilly
24/2/2021
00:51
Pierre if and its a big IF NG have to cut Divi's we would see the share price fall how big a fall we can speculate but to assume it falls by say 10% or more it would take us into the 7.00 to 7.50 range it will hurt sentiment greatly. I think you will agree that as a utility the dividend is the most important stick to measure this Company by and why we all hold the share. Good point Newbank I do agree they can pay the dividend even if they appeal but they may still have to throw a questionmark over future dividends if their appeal is not successfull they can hardly say we will continue to payout and grow dividends regardless of the result of the appeal. The market hates uncertainty and thats why the share has under performed against the market.
mark1000
23/2/2021
23:56
Hi All, We can only wait for the decision whether to refer to the CMA or not, which NG will announce to the City soon. No point speculating on dividend, because when the water industry referred Ofwats decision to the CMA and won, there was no reduction in dividends at all. Bear in mind final dividends resulting from the final results is what has been earned from RIIO I. If you look at SVT (Severn Trent), they actually increased their final dividend by 7.5% I don't want to speculate, but if NG did appeal then it may not be that bad a deal, as Boris's future plans for a greener energy system can be put into jeopardy if NG are not singing from the same hymn sheet, so to speak. With the massive Climate Change World Conference in Glasgow in Nov, Boris won't give up the opportunity to be seen as a world Statesman fronting a new greener world, giving him a boost in status which personifies his whole personality. AIMO Not long to wait.
newbank
23/2/2021
18:37
From the RIIO-2 document, I enclose the parts I think will be the most arduous: • A 16% downward adjustment (on average) to the levels of funding that companies asked for in their Business Plans, reflecting our overall efficiency challenge to them to do more for less • A great proportion of costs (33-50%) saved by network companies under RIIO-2 to be shared with consumers • Greater accountability for what companies are asked to deliver, with around 50% of baseline allowances for gas distribution and 70% of baseline allowances for transmission linked to either uncertainty mechanisms or Price Control Deliverables. This will ensure network companies are only paid for what they deliver, and consumers are refunded for work not carried out • An ongoing efficiency challenge of 1.2% per year across most of the gas distribution and transmission bases, compared to an average efficiency challenge of 0.8% in RIIO-1 • The cost of equity reduced from approximately 7.8% RIIO-1 (CPIH) to 4.55% in RIIO-2 (at 60% gearing), with allowed returns forecast at 4.3% to reflect expected outperformance of 0.25%. The above is a straight copy and paste job, however without knowing what the company submitted it’s only one half of the equation. Given that NG were quite unhappy with the proposals I can only imagine they are more than a little far apart. One can’t add up the percentages because it’s not the way it works but it must build up from at least a base of say 25% impact ...🤷‍♂️
cocopah
23/2/2021
17:58
Hi Mark1000 and thank you. I got lucky at the end of 2019 having held for a few years when I re-evaluated the company and sold at 1040p. FWIW, I bought back in today at 828p as it looks good value, again, to me. I have factored in a likely dividend cut due to Ofgem etc., bearing in mind, it's fallen 5.5% since RIIO-2 was published on December 8th.
boystown
23/2/2021
17:47
Mark and coco - What assumptions and estimates did you use to get to those estimates? Wouldn't mind seeing the numbers and working out you used. (I haven't done any yet).
pierre oreilly
23/2/2021
17:39
I agree that the share price is bearing all the weight of RIIO-2. Has anyone done the numbers on the impact this will have on National Grid if the appeal is rejected? I’m thinking a 50% reduction in dividend and a share price in the 7.00 to 8.00 range?
cocopah
23/2/2021
12:20
Boystown a lot of risk on this share at the moment as I see it the crucial decision do they appeal or not the Ofgem 5 year price deal. If they do they can hardly keep pressing on with the current divi they have to at least pending the decision hold back part of the divi. This shares all about the divi so reduce the divi by 20% expect the share price to fall by 20%. My hope is they accept the Ofgem deal and reconfirm that they will continue the current dividend policy. I think taking away these uncertainties would take us back over 9.00 if they appeal we could see 7.00 IMHO.
mark1000
22/2/2021
18:31
To me, this feels a bit like the same time of year in 2000. All the tech stuff that could never possibly justify their share prices via earnings / yield, in a hundred years were rocketing, whilst big, profitable blue-chips / industrials etc., were at low points. It proved to be exactly the right time to switch. It's slightly different, as a lot of high yield / solid stuff has done well of late, but NG has been slammed - and far too far IMO, whilst techs and crypto etc.... well! Similarly, there's been a lot of irrational small cap exuberance.
boystown
22/2/2021
17:25
Anywhere around this price is a great buy
smith99
22/2/2021
16:50
Shirley a great buy at this price??? (no current pos'n)
boystown
22/2/2021
16:33
All the way down until £8?
lennonsalive
17/2/2021
09:31
Newbank many thanks
mark1000
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