Its the US hedge funds. They are quite ignorant at how utilities work, exacerbated by the news that the Gov is buying the ESO.
The ESO accounts for a very very small percentage of revenue pulled in by NG.
It can also be argued that even though NG were never really responsible for seeing there was sufficient generation to meet demand, invariably the thickos at the markets would blame NG and the share price price hit. This perceived liability has always dogged NG but once the ESO belongs to the Gov the people can only blame the Gov.
I hope to see NG move steadily up to a £20.80 / share, share price as we progress through the massive infrastructure build.
The income I expect from a £100billion company (in years to come), without getting into the maths and keeping the same shares in circ, would be around £1.24 / share |
It can't even hold 1000p so any improvement would be welcome. |
Jefferies cuts National Grid price target to 1,140 (1,150) pence - 'buy' |
Expect an interim divi of 15p
Based on rebase of shares in circ, post RI.
Interim is usually 1/3 of total year’s divi excluding CPIH uplift. So rough base is 15p |
Yes with the details made public on November 7th.
Good luck all 👍🏻 |
21st November according to the header or see :- |
Any info on XD date or likely date? |
😂 Keeps someone in a job I guess
Good luck all 👍🏻 |
FWIW :- Goldman Sachs cuts National Grid price target to 1,130 (1,135) pence - 'buy' |
oooch!, matters not in these first few quarters ahead of us. Assuming the plan happens, the share price is going to end up between 15 and 20 within a reasonable time frame. Just enjoy the dividends for now. This could also be the last time you see these prices. |
Nah, holding is for youngsters, whereas Long Term is three to six months for me. |
That's always been the case. Don't trade, hold. |
Disconcerting when we know that PIs are the last to know what's going on. |
Big dip for you |
Sooner than that i hope. I've just been adding on the dips |
Yep run to the results will kick off soon, I hope . |
It will recover |
Gone from being my best holding to one of the worst, in just one week :( |
Spot on Newbank👍
That’s why the CFO Andy Agg expressed at the AGM in July, that after the programme was completed then the Asset value of the company would be £100b ( excluding inflation), compared to £35b in July .
Rough maths at play here, if the current share in circ ( 4.8 billion), remain, then £100b / 4.8 = £20.83 / share.
That ignores the fact that NG are very good at delivering a return on Capital Spend, wanting a return of £1+ for every £1 spent.
That’s the theory anyway🙏 |
rivetest,
NG is very different from other Companies, its a Utility where the capital is normally raised through debt with preferential rates and then paid back through Customers bills over the 40 year lifespan.
However, in this case because the regulator says that shareholders and the Company will win through with an increasing Asset capital valuation (and the bills Companies pay to NG to use the sytsem to deliver the energy to customers is a rather complex mathematical expression based on Asset value), then according to the regulator, Shareholders should bear some pain in delivering some capital through the RI. Its more of a PR issue and welcomed by the Government.
Also, in addition to the RI, debt (paid back through Customer bills) any businesses sold, ie ESO and the 20% remaining from the Gas sale will be ploughed back into the £60b pot, so to speak. |
For what it's worth they claim that no more is needed through 2031 |
"60 billions worth of pylons" they only raised 6 or was it 7B at the last RI, so when's the next etc? |
National Grid, another major player in Britain's energy sector, said its half-year performance came in line with its expectations, adding that underlying earnings in the second half of the fiscal year are expected to be more than the first-half period ended Sept. 30. |
Not so good regulatory decision in the US today but ultimately no big deal |
https://www.marketbeat.com/instant-alerts/lon-ng-insider-buying-and-selling-2024-10-02/ |
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