National Grid Share Discussion Threads

[septimus quaid] 28/11/2013 08:54

If the energy companies are compelled to formulate long term investment strategies based on the vagaries of the latest media frenzy then, as far as is this country is concerned, it is game over.

[billy_buffin] 28/11/2013 08:33

'Ministers mull ways to cut energy bills' bbc

amongst other ways is:
'Regulations could also be changed so the the cost of transmitting energy, which makes up about 20% of an average bill, could be cut.'

A threat?

[onlyonestorm] 27/11/2013 09:06

Hang on in there!!

Stormy :-)

[micos] 27/11/2013 08:26

Thanks, tormy. 1 week out.

[onlyonestorm] 27/11/2013 08:24

Nope, 4/12!!

Stormy

[micos] 27/11/2013 08:23

Is today not the XD day?

[septimus quaid] 26/11/2013 19:29

Hmm, 11pc fall, hard to see how this could arise in such a tightly run/regulated business.

[miata] 26/11/2013 18:23

Post 2925 spelled it out.

The results reported last week showed an 11pc fall in pre-tax profits for the six months ended September.

[adelwire2] 26/11/2013 18:11

why are the brokers saying sell?

[miata] 25/11/2013 21:17

Creit Suisse - merely a re-iteration, they have been saying outperform for two years, others think differently.

25-Nov-13 Societe Generale Sell
22-Nov-13 Deutsche Sell
11-Nov-13 Citigroup Neutral
04-Nov-13 AlphaValue Reduce
31-May-13 JP Morgan Cazenove Neutral
23-Apr-13 Bank of America Neutral

[mazarin] 25/11/2013 17:26

Today, I see Credit Suisse issued a Broker Note for NG. and comment 'Out Perform' with a target Price of £8.00.

[bountyhunter] 24/11/2013 14:26

Given the political climate I guess that there is not much incentive for very encouraging trading updates from any of the utilities at the moment - if anything I think that management would be inclined to play things down at least until the next election is over.

[mazarin] 23/11/2013 09:50

Not the most encouraging trading update, I've read recently, but perhaps more promising in the longer term. Its seems I'm not the alone. From the Daily Telegraph's Questor column"....The longer-term investment case is now well supported for this income-generating favourite"

[spacecake] 21/11/2013 08:48

Web Cast Presentation link

hxxp://streamstudio.world-television.com/CCUIv3/registration.aspx?ticket=786-1014-13525&target=en-default-&status=preview&browser=ns-0-0-0-11-0

[a0148009] 21/11/2013 08:04

These will be useful if you have time :-

Live telephone coverage of the analyst presentation at 09:15 (GMT)


UK dial in number + 44 (0) 808 109 0700 US dial in number [phone]
Confirmation National Grid
Code


In addition, John Dawson, Head of Investor Relations, will host a conference call with Q&A at 1400 (GMT) this afternoon for those unable to take part in the earlier presentation.

Dial in information for the 14:00 (GMT) call


UK dial in number [phone] US dial in number [phone]
Confirmation National Grid
Code

[lord gnome] 21/11/2013 07:44

Deutsche Bank are both right and wrong - depending on which set of figures you want to accept. As usual, I find these announcements designed to confuse the average punter.Do we look at the Business Performance column or the Statutory Results column? One says one thing and the other seems to be saying something rather different. I dare say the action of the market will let me know which is which.

[skinny] 21/11/2013 07:04

Solid first half performance: National Grid on track for good full year result
· UK: delivering good incentive performance under the new RIIO price controls
· US: new rates in place; investing in enhanced capabilities to drive further improvements
· Operating profit1 1% lower2 at £1,572m, (3% lower at constant currency3 excluding the impact of timing4) reflecting the expected end of Niagara Mohawk deferral income recoveries and higher US system implementation costs
· Profit before tax1 £979m, 7% lower reflecting the temporary additional cost of pre-financing asset growth at attractive interest rates
· Earnings per share1 1% lower5 at 20.4p, (down 3% excluding the impact of timing)
· Interim dividend of 14.49p per share as announced in March 2013
· No interim scrip dividend option given high level of take-up on August dividend payment

Maintaining outlook for operating performance, asset growth and earnings
· 2013/14 capital expenditure of around £3.5bn, net of efficiency savings, expected to drive regulated asset growth of around 6%
· Overall performance in the first six months consistent with Group expectations for the full year

[tonio] 20/11/2013 17:57

I guess what's wrong with a free bb is that no-one comments when the share price is taking a hammering.
Maybe this is the problem:
National Grid is on Thursday expected to report a 6.3 per cent fall in half-year pre-tax profit to 1.1bn pounds, reflecting a new accounting standard on pension charges.

Deutsche Bank said the results would reveal a steady start to the new RIIO UK network price control regime which regulates the company's UK spending for eight years from 2013.

These little details are often left out of the rosy scenario for NG mentioned in the second paragraph. On top of the index-linked pensions black hole there is the ongoing problem that the government may change tack vis-vis NG due to public pressure or realisation belatedly that wind aint going fix our energy supply deficit going forward.

[tonio] 15/11/2013 15:04

Wow, sounds exciting - maybe the many sellers today had the same reasons.

[blobby] 15/11/2013 14:26

I've joined the shareholders list today. Looking forward to a lively discussion here?

Reasons for purchase: Safety and reliable index linked return, including a good dividend.

[yf23_1] 15/11/2013 13:17

How can a rating be neutral when its trading at 776 and the target is 860.

[mazarin] 15/11/2013 11:24

Thanks Tonio and Billy its been quite a while since I was last in this sector, having previously held Centrica, so am grateful for any 'long term holder's' insight. I believe NG is due to go ExDiv (Interim)in December, so that usually has the effect of drawing a few in. Incidentally a TP of £8.60 will do me just fine.