Finally back at 10 |
As it stands :-
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Nearly there ? |
NG marches on, good to see in these volatile times. About to break £10 again perhaps...
Morgan Stanley raises National Grid price target to 1,175 (1,150) pence - 'overweight' |
#1Carus, fine by me, after loading up on top of the RI.. :o) |
Looks like this wants £10 in fairly short time! |
MPC - independent - surely an oxymoron. |
#Zeppo, will they follow the FED to hold the FX status quo for import/exports, or is the MPC independent and entirely focused on inflation.. :o)
US rate decision tomorrow 31st
BOE rate decision August 01st |
We all hope to see rate cuts.
It was suggested a while ago that UK has to follow USA with rate cuts as to cut before USA would weaken the pound putting up the cost of oil etc.
USA is in such turmoil with presidential election.
A Sunday paper suggested that Trump would likevto weaken the dollar if he gets in.
Que Sera Sera. |
Wasn't expecting that gap to close quite so quickly.
Not convinced we'll see a rate cut this week. |
I was not holding at the time of the RI and had sold out earlier in the year after holding for many years, but I did buy back in post RI and XD, currently up 12%. |
Phillis, I meant nothing negative, but I thought post RI there would be more shares in the system. Admittedly, the Company would be worth more as it has the asset of the money raised on top of the market cap of the old company, but I thought not by as much for each new individual share to have the same worth as the old share. ( Technically taking up the offer should have given those that did a discount on the new share value and their total holding being worth more than their original stake pro rata) My point is that the new diluted value looks like it is rapidly heading towards the pre RI peek values.... which will be very good for those who took up the offer. |
I wasn’t diluted by the rights issue ( neither were many others judging by its success) |
The penny is dropping here. I think a quick rise up to previous market highs and beyond is now on the cards, despite the RI dilution. |
It will be an interesting event, consensus is a -0.25% cut so far for August 1st after rising since December 2021 to combat inflation, July has been a cracking month for many indebted companies, we could see a blanket lift across the indices on the news..
NG is a keeper for life share inside the ISA and/or SIPP, income is what matters, but a CG is nice to see too and opens up a top slice option if the position gets uncomfortably top heavy..
See what this week brings with it.. :o) |
Der, but shouldn't change the way the stock reacts to movements in interest rates. All utilities have high debt by nature but have been stung over last two years... |
Dartboard1,
Debt with NG is very different to a normal Company. The Regulator encourages NG to take on debt so as to allieviate heavy price increases on the customer and spreads the cost over 40 years, the normal asset life of the system. Also, cost of Debt is less than any other Company because it's a Utility, with minimal risk, so the rate of interest NG can obtain is somewhat preferential. |
You'd think with this much debt NG will get a kick with interest rate cuts but this market is hard to call... |
#Skinny, good work fella, it will be for me too by FY or when they tip over 1000, had a bit of a run at IMB/ULVR this month jostling for the top spot in my PF, GSK looks to have turned a corner too at last..Very much looking forward to seeing what happens when we do get the 1st interest rate cut, if a rising tide lifts all boats after and how much is getting priced in now ahead of the event..? |
Laurence - it is - they are now back to being my largest holding by value. |
#Skinny, nice to see too, having taken the RI up in full, and added on top to double the position.. :o) |
976.60p post RI high.
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