National Grid Share Discussion Threads

[neddo] 30/5/2013 15:53

blue tomorrow ??

[4spiel] 30/5/2013 15:43

Well I hope you all bought this morning! Every little helps !

[luderitz] 30/5/2013 12:55

Yes shalder at 798p, normally a large buy by a Director means a rise in SP, but not in this case yet.. anyway.

[shalder] 30/5/2013 11:41

Chairman saw fit to buy £150k worth of shares yesterday.

[neddo] 30/5/2013 10:49

overdone as usual?

[dr biotech] 30/5/2013 08:52

http://www.independent.co.uk/news/business/sharewatch/market-report-dividend-fears-cause-national-grid-tumble-8636882.html

Mostly rumour.

[simongn] 29/5/2013 22:23

Power cuts next Winter ? no chance, we no longer have publicly owned Utilities, these days the price will determine demand, if supply is short the price just goes up, and up, and up . . . those that can afford to keep warm will.

[gbb483] 29/5/2013 20:18

If you follow the links in post 2697 you find them advising 5 stocks to buy, which includes ...... National Grid .......

[4spiel] 29/5/2013 19:19

But remember Centrica is an upstream producer -big difference. When the power cuts come next winter NG is in the shi but its a good stock not too swollen. Much needed correction -maybe quite a bit more to add with value !!!?

[kibes] 29/5/2013 17:45

The fall is due to this I think:



Utility companies will not be allowed to claim some capital allowances they have been claiming.

[skinny] 29/5/2013 14:36

Rather untimely - all down by market+

29 May Centrica PLC RBC Capital Markets Sector Performer 377.60 392.70 370.00 370.00 Reiterates
29 May SSE PLC SSE RBC Capital Markets Sector Performer 1,568.50 1,628.00 - 1,740.00 Retains
29 May Pennon Group PLC RBC Capital Markets Outperform 685.75 701.50 700.00 700.00 Reiterates
29 May National Grid PLC RBC Capital Markets Outperform 797.75 839.50 - 900.00 Reiterates

[miata] 29/5/2013 14:01

I'm wondering whether this fall is partly due to dividend washing (the temporary transfer of ownership from taxable holders to non-taxable holders). The fall at this time in 2012 was also sharp and the recovery took some weeks despite a faster bounceback in the FTSE.

[mornington crescent] 29/5/2013 13:35

http://www.hl.co.uk/shares/news-article?articleid=20899839&type=company_news

[miata] 29/5/2013 12:00

Miton have been negative for a while:
http://www.telegraph.co.uk/finance/personalfinance/investing/10036290/Experts-warn-of-threat-to-income-dividend-from-utility-shares.html

[stevie blunder] 29/5/2013 11:53

Here is a piece from the Motley Fool mainly about SSE but mentions Nat Grid as well;



"Simply put, analysts at investment firm Miton have compared SSE's dividend growth with the growth in the company's free cash flow -- and found that dividends have been increasing faster than have the funds to pay for them.
The difference is made up by borrowings. And, what's more, by a form of borrowing that doesn't impact on the company's apparent gearing: 'hybrid capital', disclosed in a footnote in the accounts.
According to Miton, SSE has paid for dividends out of borrowings since 2008 -- and the 'true' cash flow to shareholders has been negative since 2004.
A number of other utilities have been pursuing similar tactics -- among them National Grid, Pennon, United Utilities and Severn Trent."

I see that pennon Severn Trent and SSE are all down today.

So has anybody seen the Miton analysis?

[miata] 29/5/2013 11:49

Top Fallers today

# EPIC Name Price Yest Close Change(%)
1 NG. National grid plc ord 11 17/43p 799.00 839.50 -4.82
2 UU. United utilities group plc ord 5p 751.75 787.00 -4.48
3 ARM Arm holdings plc ord 0.05p 977.50 1010.00 -3.22
4 SSE Sse plc ord 50p 1575.50 1628.00 -3.22
5 ABF Associated british foods plc ord 5 15/22p 1884.50 1943.00 -3.01
6 CNA Centrica plc ord 6 14/81p 380.90 392.70 -3.00
7 WPP Wpp plc ord 10p 1157.00 1190.00 -2.77
8 INVP Investec plc ord gbp0.0002 480.10 493.50 -2.72
9 SDRC Schroders plc non-vtg shs �1 1889.50 1941.00 -2.65
10 BLND British land company plc ord 25p 621.25 638.00 -2.63

[pierre oreilly] 29/5/2013 11:11

Skinny - thanks, sorry about that, my spreadsheet says 30 May from lastyear, just assumed it was today. Anyhow, I just bought more, been waiting for an off day. I also thought uu were xd today, haven't checked yet - looks like high yielders are getting a hammering, just like my gilts. I'm sure the yeild when going xd next week (another 20p off the price) will attract buyers, I hope.

[miata] 29/5/2013 11:02

The largest trades this morning would suggest some bounceback due - Americans willing.

Time Price Quantity Type
29/05/13 09:42 826.67 285,750 Buy
29/05/13 09:42 826.67 250,000 Buy
29/05/13 09:01 825.00 248,665 Buy

[skinny] 29/5/2013 11:00

RBC Capital Markets Outperform 802.75 839.50 - 900.00 Reiterates

[dr biotech] 29/5/2013 10:56

Nothing I can find - obviously down day in the market. Perhaps there is some broker downgrade? I have just taken out a SB - 50pp hoping that its not going to go below 800p so I have a tight stop loss at 795

[newbank] 29/5/2013 10:53

What's going on apart from the usual British bad weather?

[skinny] 29/5/2013 10:52

XD is 5th June.