National Grid Share Discussion Threads

[mj19] 17/7/2012 10:16

so what their divi is under pressure... my favourite stock being battered... I slapped my house on this and thought I would get free elec from the grid..

[al101uk] 17/7/2012 10:10

Well at least there's a consensus then... lol

[jeffian] 17/7/2012 10:06

Here's what the analysts say:

JP Morgan: 'Under the initial proposals, we believe that over the regulatory review period, Grid may well struggle to finance its capex programme and pay its dividend. We therefore expect the share price to struggle to perform until the final proposals are published in December, or unless Ofgem takes a more conciliatory stance.'

Berenberg: 'Expect to see consensus downgrades, and questions over DPS policy as the numbers are digested.'

But from analysts at Liberum Capital... National Grid 'should be able to sustain dividend but on negative knocks off value as every £1 invested is worth £1.15 and therefore... knocks off 20p/share from our PT'.

And analysts at UBS described it as only 'a Small Disappointment', maintaining their 'buy' rating.

[losos] 17/7/2012 09:32

One would expect the regulator to take a tough stance on any initial review, after all the head to head negotiations are still to come and they (The regulator) needs some 'wigle' room. I think I'll hold for now.

[davdreamer] 17/7/2012 09:21

Well thats me out of this stock on Monday, will buy in later if the price keeps on dropping. I still like the stock, its the regulator I am not keen on LOL

[skinny] 17/7/2012 07:25

Morgan Stanley reiterates its Overweight stance TP reduced to 740p to 730p.

[pierre oreilly] 16/7/2012 16:10

Nomura has maintained its 'buy' rating and 730p target price for gas and electricity group National Grid despite Ofgem's proposals for the power and gas transmission (RIIO-T1) and gas distribution (RIIO-GD1) regulatory reviews for 2013-2021.

[redartbmud] 16/7/2012 15:38

Depends on stance of regulator - do they want private shareholders or not?

[miata] 16/7/2012 12:27

After that tougher than expected initial review I reckon other utilities (CNA,PNN,SSE,SVT,UU.) are a better bet - the market also seems to think so today.


Nomura has maintained its 'buy' rating and 730p target price for gas and electricity group National Grid despite Ofgem's proposals for the power and gas transmission (RIIO-T1) and gas distribution (RIIO-GD1) regulatory reviews for 2013-2021.

Nomura says that the allowed returns are behind its forecasts and what the market was expecting. "Running a sensitivity based on the allowed returns versus our expectation suggests it could be a 2-3% negative on the NG share price," the broker said.

"However, it is important to note that these are headlines from the initial proposals and it is natural to expect for there to be differences between the negotiating positions of the regulator and NG at this stage – we could see positive movement from the regulator at the final review."

[beardmore] 16/7/2012 12:27

You couldn't possibly be short, Gregory0106, could you?

[gregory0106] 16/7/2012 12:07

Read a report suggesting they will need to cut div by at least 10% next year. Also prospect of needing to raise more capital!

Think I will stay clear for now, but agree a good long term hold. Looking to buy in again around 550ish

[losos] 16/7/2012 11:02

Pierre Oreilly - "Ng. will will be here paying divis in 10 years with almost gilt-like low risk."
Let us hope that you and I will also be here in 10 years Pierre :-)

[redartbmud] 16/7/2012 10:44

Regrettably the quality of MP's leaves a lot to be desired. We get who we vote for, but how many have the ability to run a school tuck shop?

The frightening thing is - they are playing with our money.

[dope007] 16/7/2012 10:36

Pierre. The real crooks in LIbor are the BOE and the MP's. Barc is being savaged for blowing the lid on all this by those with alot to hide imho

[pierre oreilly] 16/7/2012 08:22

How strange3 that the government throw taxpayers money at bankers who ruin the economy yet still pay themselves millions in bonuses from that taxpayer money, and yet when theres an investment in infrastructure needed, they want it done on the cheap. Still, that's how UK engineering gets treated in the UK.

Anyhow, in spite of that, there aren't many companies in the UK who's 10 year future is almost certain, so the risk is very low. Ngc will will be here paying divis in 10 years with almost gilt-like low risk.

[skinny] 16/7/2012 07:13

OFGEM CONSULTS ON £22 BILLION INVESTMENT PLANS TO UPGRADE BRITAIN'S GAS AND HIGH VOLTAGE ELECTRICITY NETWORKS

· Around £22 billion allocated to upgrade and renew Britain's gas and high voltage electricity networks. This will ensure that Britain's networks remain among the most reliable in the world

· Investment is integral to secure Britain's future energy supplies and is part of the £200 billion identified as part of Ofgem's Project Discovery regarding security of supply

· Ofgem's close scrutiny of companies' plans secures project investment and ensures value for consumers

[esmerelda] 16/7/2012 01:03

Should be out today by all accounts.

[utyinv] 15/7/2012 18:38

RIIO draft out soon. Maybe the market's have had a leak (preview)?

[skinny] 11/7/2012 12:05

New high today (690.50p).

[skinny] 06/7/2012 12:56

12 month high (689.50p) within reach.

[neddo] 04/7/2012 17:23

was their a profit ,or a loss ? in the sale

[skinny] 04/7/2012 08:45

4 July 2012

National Grid plc

National Grid Completes Sale of New Hampshire Distribution Companies

National Grid today confirms that on 3 July 2012 it completed the sale of its New Hampshire electric and gas distribution businesses (Granite State Electric Company and Energy North Natural Gas Inc.) to Liberty Energy Utilities (New Hampshire) Corp., a subsidiary of Algonquin Power & Utilities Corp. The gross proceeds from the transaction totalled $309m, including working capital of $24m and will be used for general funding purposes.

[neddo] 29/6/2012 13:34

thanks sk, ls