Analogies don't always tell the full story But if you insist - you could break 70 billion eggs and then have no gas or electricity to cook the omelette. |
There are dozens of eco friendly companies who are producing solar,wind,and bio energy.The problem is NGrid has not the capability and infrastructure to let them onboard.Hence the long awaited upgrade or evolution they are planning for the future.I'm afraid you can't make an omelette without cracking a few eggs, as the saying goes. |
The major expenditure isn't about maintaining the existing grid infrastructure but about building about 1000km of new transmission lines and associated equipment. This to get mainly offshore wind ashore and then transmitted where it's needed. If you find a new pylon being built next to your garden -as hundreds/thousands will - then I'm afraid there's not much you can do about it as milliband removed many of the planning safeguards a few days after the new government took over. This to help 2030 targets to be met without the bother of answering to the affected public. |
 The UK's ageing transmission system requires at least £60bn of investment, and the first results for National Grid (NG.) since its mega £7bn capital-raising in May this year showed that life as a monopoly infrastructure provider is not so bad. Underlying earnings per share increased by 8 per cent to 28.1p, despite sustained levels of capital expenditure, which was £4.6bn, 17 per cent higher year on year. This spend was driven by grid connections, which underlines how much extrainvestment is needed; the company expects to double overall spending over the next five years, compared with the past five.Management was also at pains to emphasise that the US election would have little impact on its business, with its utilities regulated at the state level. The US division contributes about a quarter of National Grid's overall profits. Indeed, the company still expects to invest £17bn in New York and £11bn in New England in the five years to 2029.Financing this spending from new money was another positive impact of the rights issue, as the company's net debt is now expected to decrease by around £1.5bn, from £43.6bn as at 31 March 2024, with the reported gearing reducing to the low 60 per cent range.It is in the nature of National Grid's business that it must splurge the cash every 40 years or so as its infrastructure wears out. Investors won't be excited by the previously announced rebased dividend, but at a FactSet price/earnings ratio consensus of 13, the company is slightly under its long-term average. Buy. |
Why's it funny talking about someone literally doing his best to ruin our energy independence? Working out why is a good pastime I would say as you might be able to predict his next move after forcing companies to leave the North Sea and run down oil wells whilst putting a plan in place to make the UK have power blackouts as part of a race to make energy in the UK even more expensive than it is now? |
It's funny that you guys are so triggered by Ed Miliband, the most milquetoast of politicians. |
Ed Milliband is very different from his Brother David. Ed is a Marxist and only became leader of the opposition, beating his Brother to the position by being a Union Puppet! He was endorsed by the most militant marxist Unions in the Country. |
I expected more of a run up to ex dividend date. |
 A great video P, the message really needs to get out there. Milliband is the most dangerous man in the uk imv. If he doesn't get removed, we'll all be so much worse off while also getting power cuts, both planned via the demand flexibility service and unplanned simply by not enough power available to meet demand. It's horrific really.
One thing the video maker didn't mention which should be, is the interconnectors. There's a big rush to build more (at great cost of course) which makes the situation slightly better (if they actually get built on time), but still disastrous.
On a selfish level, all this vast amounts of money already planned to come ng's way will increase ng's profits since they get paid on the amount of stuff they own. Great for us, terrible for everyone else in the uk, and I'm uncomfortable with that. The whole net zero thing is utter madness which cannot possibly work anyhow, as has been posted on here and elsewhere before. It's so crazy I wonder if Milliband has another agenda rather than electricity. |
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. |
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