I have been buying here lately as the energy policy of Labour make this a compelling buy. I found this video yesterday breaking down the energy plan for the UK. It makes scary reading for the future of the UK however it shows the vast amount of money that will have to come NG's way in the next 5 years to connect up all this green power that is planned. The downside of course is the plan doesn't actually work as the numbers dont add up but a large amount of money will come anyway as the government will attempt to implement it. |
I guess it will open at 9.68 |
Going to see where these are going tomorrow. If they drop a little more I think I will be buying tomorrow. Anything below 962 would be good. |
I have no idea what timescales they use for their forecasts, nut I bet it isn't 2 days. I'd guess it's medium term, say 6 months to a year, and then only if worldwide conditions remain similar to today. Still not sure what use they are for pi punters, and certainly no use at all for hour by hour traders.
They are probably used to cover their managers to churn shares. They can simply point to their analysts' forecasts if/when questioned. |
These are getting cheap at these prices. |
Well those recommendations went down like a lead balloon. |
Investors Chronicle
National Grid rights issue secures the balance sheet
The infrastructure company looks financially stable after a big fundraising this year
BUY |
Big shrug from the market at these results. |
anhar,
Post 9870,
Correct, policy is still that divis will increase by average CPIH.
We have only had 6 months of CPIH released to date ( next release date for OCT CPIH is 20th Nov).
Current average to date is 2.9% but if inflation continues to fall, my best guess is that it might average out at 2.4%. If that is the case then 45.26p x 1.024 = 46.34p less interim of 15.84p = 30.5 p ish
Only a guess at this moment in time, but with the data above, expect a final of 30.5p
/ share being declared at the finals in May |
I don't think there's a pause in the divi rises this year so there should be the usual policy CPIH increase for 25, but based on the theoretical 24 divi of 45.26p due to the rights issue. |
A pause in the divi rises this year due to fundraising and extra shares - normal service resumed after this year, i.e. divi rising with CPI (iirc). For the low risk, I'd say that's a pretty good return, plus an unknown capital gain of course. And there's always the chance of a divi (a little) in excess of plans. |
interim dividend is expected to be paid on 14 January 2025 to shareholders on the register as at 22 November 2024. |
Interim dividend of 15.84p/ordinary share. This represents 35% of the total rebased dividend per share of 45.26p in respect of the last financial year to 31 March 2024, in line with the Group's dividend policy. |
Interim results tomorrow.
Hopefully, a dividend of 15p or more will be declared🤞 |
Green energy plan needs 600 miles of power lines - report |
Surely night storage heaters would be better than batteries for home heating. Certainly in wintertime anyway. |
Well put Pierre |
Yes 1k, ng. will benefit from all this crazy spend of customers' money. The regulator (i.e. the gov) allow a return on capital, so the more ng. spends (or more correctly is ordered to spend on pylons and other guff necessary purely for the daft attempt at implementation of net zero - it'll never happen!). iirc there's 60bn about to be spent by ng. with 30b in the uk over the next few years guaranteeing higher profits for us. As you say, the return ng. is allowed is collected from a markup on traded electricity. It's really unlike any other business, low risk yet gteed profits to come. But I'd personally like profits to come from implementing a sensible efficient grid infrastructure, and not a grid driven by various political agendas. |
LLB, the true economics are very similar to those of a home owner with a solar panel which periodically provides 'free' electricity, but who is never without electricity because power is always available from conventional generation through the mains. For him the solar electricity is a periodic bonus. But if he tried to rely on solar without a mains supply, even if that worked for 95% of the time and had to buy, maintain and operate a back up diesel generator to cover the other 5% of the time, the economics would be entirely different. As you say, you can't back up a windmill with a second windmill, or a solar panel with another panel, and battery storage is extremely expensive and inefficient.
Probably NG shareholders will be about the only winners. NG is broadly speaking allowed to charge on a 'cost plus' basis, so the more expenditure it embarks upon to adapt the grid to the crazy wind and solar model, the larger its profits will be. |
1Knocker, we have a power matched grid, demand equals supply at all times, you cannot make more than you need or you have to store it somewhere..
Good luck firing up the back up windmills and solar to support the nation at tea time peak demand when the cookers and kettles go on.. :o) |
The simple truth is that any source of electricity generation you can't turn on when you need the power costs the earth (literally and metaphorically) because you have to have a parallel generation system which you CAN turn on.
The economics of solar and wind which we are pedalled ignore the costs of the back up system, and the costs of the completely different grid system which a solar /wind system requires if solar /wind are to replace rather than merely supplement gas, coal and nuclear generation. Hydrogen generation from surplus green energy does not change that equation.
The course y=upon which we are set is certain to result in UK energy being internationally uncompetitive, and as energy is a component of all industrial production and all other economic activity we can look forward to a permanently poorer as well as a periodically colder and darker future. |
According to hxxps://gridwatch.templar.co.uk/ we are currently only getting 3.66% (1.39 GW) from wind and solar to supply a demand of 37.42GW. DRAX is maxed out providing 7.88% and our creaking nuclear- 12.54%. For the past week wind and solar have averaged about 2.5 GW ~ 5%. Back of the envelope numbers on hydrogen are given at hxxps://www.carboncommentary.com/blog/2021/6/11/some-rules-of-thumb-of-the-hydrogen-economy. 2GW for 2hours would not scratch the surface if the temperatures drop and a nuclear plant has to go off-line.
I have installed a stand-by generator at Chateau Minley in readiness for the inevitable. |
It just strikes me that it makes blinding sense to use surplus renewable power to produce green hydrogen rather than pay to turn the windmills off - which I think we'd all agree is madness?
At the very least that green hydrogen could be used to power the burgeoning heavy transport that is looking to use hydrogen - see companies like Hyzon and Nikola - power data centres - see the likes of Bloom energy.
I won't labour the point on here, but I believe that hydrogen will be part of the future energy picture, along with SMRs and eventually I assume, fusion. |
Have you put any numbers to your views on hydrogen skinny?Say the aim is 2GW of extra power for 2 hours to see us through one winter peak.How much hydrogen is required for that. And at what cost.?I think you'll meet scalability problems there. (i.e. yes hydrogen could be used to generate electricity but it's not pragmatic to do that on the massive scale the grid needs). It's not as if hydrogen has somehow escaped the attention of our brilliant grid engineers now is it. As always there may be a sensible niche use for hydrogen. Or it may attract massive subsidies even though a poor solution, as so many things do these days. |
skinny
in their dreams i think,god help us if we have a cold winter.. |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
