National Grid Share Discussion Threads

[haughtonhoney] 18/2/2013 14:57

Bouncing off the 200 day SMA.

[beardmore] 18/2/2013 14:47

Great dividend stock but looks as though it might hit 640.

[skinny] 18/2/2013 14:21

Morgan Stanley Overweight 691.25 682.00 775.00 775.00 Reiterates

[nofool] 17/2/2013 10:37

According to the two year chart up above, there have been five superb Buying opportunities in this stock, now we appear to be meeting a sixth..

WHY would you not agree?

[tong chai] 10/2/2013 21:03

How will they generate the £30bln needed for new infrastructure?

Earning per share 51p Div 40p - producing that rather intoxicating yield - But for how much longer I ask?

[newbank] 02/2/2013 08:49

If it wasn't for the uncertainty of RIIO and with the recent improvements in the Markets this share should be £9 / share now.

With approx £30 billion to be spent over the next eight years, by 2021 this share should be £15 / share (and not before time!).

[gbb483] 30/1/2013 17:21

You need spilling mistakes to stop ADVFNs trolls from attaching links.

[darias] 30/1/2013 17:07

Vodafone are in the FTSE but not Vodaphone.

LOL

[gbb483] 30/1/2013 11:21

Vodaphone was paying 5.9%, aren't they in the FTSE100?

[pierre oreilly] 30/1/2013 09:04

Tempus


At 5.8 per cent National Grid pays the highest dividend of any company on the FTSE 100. However, can the company fund the upgrades the country needs and continue to pay a decent dividend to shareholders. Further complicating matters, the firm is in negotiations with Ofgem over a new pricing regime, but can it deliver? The Times´s Tempus believes that at the current moment those fears look misplaced. In fact, the company has indicated that it wishes to maintain the dividend, at least. National Grid's trading statement yesterday had little to add. One business, where the poor outlook seemed intractable, was sold at the start of last year, but no further disposals look likely.

Tempus also believes that the Grid will not take it to the wire with the regulator. Even if it does, he does not think the company will want to disappoint on dividend growth. That attractive yield, the reason to hold the shares, looks safe enough for now he adds.

[lord gnome] 29/1/2013 07:17

A nice positive IMS. Nothing there to scare the horses. Hopefully that will reassure the nervous.

[skinny] 17/1/2013 15:00

No - the November dividend was paid yesterday.

The next Ex dividend date is June 5th (see link above).

[a3477681] 17/1/2013 14:42

If you buy shares now do you get next weeks dividend?
I now see it was on register 30 November for the interim dividend.

[skinny] 17/1/2013 10:49

RNS Number : 7583V

National Grid PLC

17 January 2013

17 January 2013

National Grid plc

New York Public Service Commission publishes term sheet for National Grid's downstate gas utility KEDNY

The New York State Public Service Commission ("Commission") yesterday published a term sheet detailing a two year extension to the rate agreement for National Grid's downstate New York Gas business, KeySpan Energy Delivery New York (KEDNY).

In November 2012, KEDNY and the staff of the Commission entered into confidential discussions around the potential for extending and updating aspects of the five year rate agreement which ended on 31 December 2012. The notice of impending settlement negotiations was filed with the Commission in early December 2012.

As a result of these discussions, National Grid and the Department of Public Service Staff, filed a term sheet with the Commission. This sets out a summary of a proposed two year agreement for extending and modifying elements of the original KEDNY five year rate plan. The proposed settlement is not expected to materially impact customer bills or KEDNY's revenues over the period of the rate agreement.

The proposal includes a 9.4% return on equity in each of the two years 2013 and 2014, with a 48% equity structure in the business, which is financially equivalent to the terms of the original five year rate plan (9.8% return on equity and 45% equity structure). Under the proposed agreement, 80% of any earnings over 9.4% will be allocated to fund recovery of prior environmental deferrals with the remaining 20% being retained by KEDNY. The proposed agreement also includes an increase in capital expenditure allowances to $320.1 million in 2013 and $293.7 million in 2014 as compared to the original rate plan capital allowances of $155.4 million per year. The agreement also proposes updates to various customer service and other performance metrics. Under the proposed agreement, there is no impact on the delivery rates for customers.

Ken Daly, President, National Grid New York said "We are pleased to have reached a proposed agreement with the Department of Public Service Staff. The new proposal sets out a framework of increased investment, stable customer rates, and performance metrics to deliver high standards of customer service, safety and reliability. The proposal also provides a sharing mechanism that should allow the business to deliver appropriate returns, while continuing to provide excellent service to New York customers."

A Joint Proposal formalising the settlement is expected to be filed in February. The Commission is expected to issue an Order on the settlement proposal in the spring of 2013.

The Term Sheet setting forth the proposed settlement agreement is available on the Commission's website (www.dps.ny.gov).

[haughtonhoney] 11/1/2013 09:24

Seems to have happened plenty of times if you look at the two year chart and nothing goes up in a straight line forever.

Dividend payment next week - just remember that you'll be able to re-invest at a lower price!

[lord gnome] 11/1/2013 09:11

If this is just a technical correction, the 200 day MA is fast approaching and we should bounce from there.

[mac15] 10/1/2013 12:25

The ONS report to leave RPI alone hasn't done much for thee share price

[mac15] 10/1/2013 12:25

The ONS report to leave RPI alone hasn't done much for the share price

[bountyhunter] 08/1/2013 08:05

SSE seems to have bucked the trend though

[timbo003] 07/1/2013 10:35

My guess is that ONS report on recommendations to change how RPI is measured is out this week (Thursday I think), I must be it odds on that they will change the way it is measured (arithmetic mean to geometric mean), in which case it will be around 0.9% lower than previously, what will that do regulated earnings for Utilities? Ouch!

[skinny] 07/1/2013 10:22

Yes - although a few 'safe havens' are marked down CNA -1.6% NG -1.8% SVT -1.2% UU -0.9%.

Banks are the flavour of the day atm after the relaxation of liquidity rules.

[lord gnome] 07/1/2013 10:18

Taking a big hit today? Must be some news somewhere to be driving this sell-off.