National Grid Share Discussion Threads

[davidlloyd] 15/8/2005 18:47

bother I assume, not b*gger.

Just out of interest, are we all supposed to have received anything through the post re cash back and new shares???

Interstedly and with a poor postal delivery service,

DL

[a0002577] 02/8/2005 19:37

There is a word for today's price jump - when you were looking to buy back in and that begins with a b and ends with an r. Missed out on the action while away at a funeral.

[tole] 01/8/2005 20:31

Am no different A000 - good to be greedy imo ;)
Cheers for the new thread by the way.

Just like seeing the dollar strengthen as of late - all helps the bottom line dollar earnings here.

From the results in May;
"The weaker US dollar reduced underlying operating profit by #65m but, the net
exchange rate impact on underlying earnings, after interest, tax, and minority
interests, was #21m."

Note C: "Constant currency basis" refers to the reporting of the actual current
year results against the prior year analogous results which, in respect of any
US$ currency denominated activity, have been retranslated using the average US$
exchange rate for the year ended 31 March 2005, which was $1.87 to #1.00. The
average rate for the year ended 31 March 2004 was $1.68 to #1.00.

[a0002577] 01/8/2005 19:54

Quite right Tole : they are a buy but I am just being a tad greedy and waiting for the price to drop a bit more.

[tole] 01/8/2005 15:58

Energy Bill to expand industry
01/08/2005

British energy companies are expected to expand their US operations following the Senate's approval of the new Energy Bill.

The controversial bill offers energy firms about $14.5 billion (£8.1 billion) of tax breaks and incentives as well as encouraging deregulation in the industry.

In particular, overseas companies will benefit from new rules which allow them to purchase transmission and distribution networks â€" regardless of their geographical location or whether they can connect to the company's existing operations.

UK-based companies such as Centrica and National Grid have already confirmed their intentions to benefit from the opening-up of the lucrative US market and other European energy giants are expected to follow suit.

National Grid, which currently owns five utilities in the US, recently offloaded four of its UK gas distribution networks.

It is likely that the sell-off generated around $3.8 billion for investment in the emerging US sector.

A US spokeswoman for the company said: "The new bill would allow National Grid to invest in new areas and new geographic regions."

She added: "Right now, the way it's set up, we are only allowed to buy systems that touch each other."

[tole] 01/8/2005 15:54

Broker tips: Schroders, Utilities, Cadbury, Pru
Thu 28 Jul 2005

LONDON (SHARECAST) - Dresdner Kleinwort Wasserstein had the UK utilities sector on the move today after it revised its advice across the industry.
The decline in wholesale gas and power prices looks set to continue, said DKW, noting that suppliers still need big retail price hikes in order to recover margins.
Kelda, AWG and National Grid Transco were upgraded to 'buy' from 'hold’, while United Utilities upgraded to 'add' from 'hold' and Centrica was kept as a 'sell'.

[tole] 01/8/2005 15:39

an ADVFN competitor
TRADER REPORT for Monday 1st of August 2005

The share record date for National Grid Transco's return of cash to shareholders and accompanying share consolidation passed on 29th July. Investors who elected for alternative 1 or 2 will receive payment on 8th August. There may be some weakness in National Grid's shares as income funds sell out now they have received the dividend. We would regard any weakness as a buying opportunity, given National Grid's attractive yield and dividend growth profile and the fact that it looks less expensive than other similar stocks in the sector, namely the water companies.

[a0002577] 01/8/2005 10:26

The price is nicely slipping away today - giving a nice opportunity to buy back in for those investors who sold out before the restructuring.

Any ideas on where it will slip to?

[a0002577] 01/8/2005 10:24

Cannot find a thread for the new revamped National Grid so here is one.

The details of the re-organisation are here



"An interim dividend of 10.2p per ordinary share ($0.8816 per American Depositary Share (ADS)) will be paid on 25 January 2006 to shareholders on the register as at 2 December 2005"

Please keep it a civilised thread with rational discussion