National Grid Share Discussion Threads

[haughtonhoney] 12/3/2013 09:22

What a share.

The ultimate defensive.

[skinny] 08/3/2013 08:48

New high this morning @738.50p

[esmerelda] 07/3/2013 23:43

Ah, unlike this one you were (not) going to suggest?

[gj2] 07/3/2013 20:44

V2K was a well thought out, rational and costed reorganisation .....

[utyinv] 07/3/2013 16:53

Lennonsalive,


Not like this one they haven't, not since V2K :)

[lennonsalive] 07/3/2013 16:40

NG are always restructuring, shuffling staff sideways and giving others pay offs. Most of the staff are on excellent terms and conditions from legacy contracts.

[newbank] 06/3/2013 12:00

I hear re-structuring is taking place at National Grid where they are calling for a 20% reduction in Managers and then the prospect of staff being reduced.

This reminds me of what happened in the US where the regulator decided that National Grid's rate claim was to be cut by a measure of $200Million against a claim for $400Million. In the US unlike the UK, National Grid is required to spend upfront to improve the system and then claim back after the event through customer's bills through a rate claim. When NG reluctantly agreed to accept the US regulators reduction in rebate National Grid responded weeks after by restructuring the US organisation. The result was redundancies which amounted to savings of .....$200Million??

As Ofgem has reduced National Grid's submission of spend requirements for the next eight years by about 18% it is little surprise that they (NG) are having to restructure the UK operations too.

As for Dividends, I am sure National Grid will continue to provided good returns for it's shareholders.

[skinny] 05/3/2013 08:10

New high this morning.

[lord gnome] 05/3/2013 07:03

I give up m100. Which is it then?

I don't know which stock you are prattling about, but the NG. divi is safe and will now grow each year for the next eight years.

[daveofdevon] 04/3/2013 16:40

You remind me of a doctor who looked at a lump on my hand long time ago and declared "it will either get better, get worse, or stay the same"

[m100] 04/3/2013 16:33

Profit taking soon?
One way trip to infinity?
One way trip to zero?
Or something else?

More importantly is the divi safe?

[lord gnome] 28/2/2013 10:09

cashflo now equals cashflown. Oh dear, not a good short, was it?

[scotches] 28/2/2013 09:46

That's a pretty painful short if opened at 710 and already 730+.

I used to dabble in put traded options when bearish. You didn't generate such fast profits but you knew the worst case from the start.

I feel convinced I'm right about certain stocks - eg MRW must be a buy at 260. However I'm not confident enough the market will come round to my way of thinking so I'd prefer the boring way of buying the shares, pocket the divis and get rich slow.

[pierre oreilly] 28/2/2013 09:20

So, only a small bit of uncertainty left - the divi policy.

There are probably no other uk quoted companies with pretty well zero risk going foward for 8 years, when the asset base will grow by about 18%, which, if i remember correctly, is 50% funded by customers and 50% by the company itself.

Simple - buy and forget for 7 years, confident your investment is safe and earning a high (and positive!) income. Or stick it in a bank account and get a negative interest rate in a couple of years time.

[skinny] 28/2/2013 09:04

National Grid has agreed all of the UK RIIO price control arrangements proposed by Ofgem. The Board of National Grid believes that the combination of revenue allowances and incentive mechanisms provides a good opportunity to earn appropriate returns for investors while delivering essential infrastructure investment for the benefit of consumers and the UK economy.

The RIIO-T1 and RIIO-GD1 price controls cover all of National Grid's transmission and distribution owner and system operator businesses in the UK, with a current regulated asset value in excess of £22bn. Ofgem's latest forecast predicts this asset value will grow by around 80% over the eight years of the price control, which will run from 1 April 2013.

As previously stated, the Company is in the latter stages of work to evaluate the long term outlook of the Group as a whole, ahead of announcing a new dividend policy for the period starting from 1 April 2013. We expect to announce this new policy by, at the latest, the time of our full year results in May 2013.

Steve Holliday, Chief Executive, said:

"I am pleased to confirm agreement of the RIIO price controls for our UK businesses. This is the culmination of a new process that started over three years ago, and represents another opportunity for National Grid to deliver further shareholder value.

These arrangements give our UK businesses their longest ever period of regulatory clarity. This enables us to focus on driving efficiency across our operations while building the infrastructure that the country needs and at the same time realise the benefits of excellent performance for both customers and investors."

[skinny] 27/2/2013 20:53

Yes interesting times - DOW just looked above 14,100 & FTSE @6,373 to buy.

[lord gnome] 27/2/2013 18:55

That's a four year high then skinny. Judging by the way the DOW is going at the moment we can expect more tomorrow unless its back to 'risk off'.

[skinny] 27/2/2013 16:35

12 month high matched earlier @722.

[esmerelda] 26/2/2013 21:14

I guess we should be hearing this week whether NG accept OFGEM's RIIO proposals or intend to refer some or all of the outcome as mentioned in the Interim Management Statement last month? If they refer then I would expect the price to be hit as the markets don't like uncertainty.

[cashflo] 24/2/2013 19:33

Painful very painful indeed but convinced I'm right.

[wiganer] 22/2/2013 18:19

Re 2590- must be nice to have enough dosh to lose a grand in a day testing the water...

[cashflo] 21/2/2013 08:36

Just gone short on this £200pp debt, divi future expenditure. Possibly after the may div may be a better time but there's nothing like the present moment to test the water!

good luck all

[skinny] 18/2/2013 17:15

Sorry - I don't follow.