National Grid Share Discussion Threads

[newbank] 05/6/2013 09:32

Other than being ex-div three main points account for NG's recent demise; It's Osborne's punitive tax he imposed on utilities two weeks ago, the US bonds looking good value now in light of all negative spin from analysts spreading doom and gloom about Utilities paying dividends from debt and OFGEM continuing to screw NG ie, NG just roll over and accepts all RIIO proposals.

Osborne is all talk though, instead of bringing in £Billions from Companies that do not pay tax ie Starbucks, Amazon, Vodaphone etc. Instead he crucifies utilities (including NG who only account for 3% of Household bills), and NG appear to be an easy touch.

[gbb483] 05/6/2013 09:09

Expect when reports say that the dividend is being paid from invisible funds - which makes their sustainability questionable.

[pierre oreilly] 05/6/2013 09:06

Wow, someone's on the ball. Goes xd with a big divi and someone predicts the price will drop.

The thing about the price droip going x big d is that all the ratios look much better which, all other things being equal (which I know they're not), tends to attract buyers to bring the price back to the cd price.

[eeza] 05/6/2013 08:52

It'll be value - at some point.

Seems we're not there yet.

Well out of favour.

[nw99] 05/6/2013 08:36

You were right ex div and sunk

[gbb483] 04/6/2013 18:45

ex Div tomorrow - that should push it down a bit more.

[neddo] 31/5/2013 16:52

well, for most of the day?

[neddo] 30/5/2013 16:53

blue tomorrow ??

[4spiel] 30/5/2013 16:43

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

[luderitz] 30/5/2013 13:55

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 12:41

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

[neddo] 30/5/2013 11:49

overdone as usual?

[dr biotech] 30/5/2013 09:52

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

Mostly rumour.

[simongn] 29/5/2013 23:23

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 21:18

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

[4spiel] 29/5/2013 20:19

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 18:45

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 15:36

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 15:01

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 14:35

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

[miata] 29/5/2013 13:00

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 12:53

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 12:49

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