National Grid Share Discussion Threads

[dgo] 24/1/2014 13:31

speedsgh Thanks for that I remember speed reading it at the time but didn't
absorb it.

[speedsgh] 23/1/2014 17:34

Digital Look are forecasting 42.40p div for fin yr ending 31/3/14 (2013: 40.85p). Interim 14.49p, therefore final in Aug 14 should be 27.91p (2013: 26.36p).

[speedsgh] 23/1/2014 17:30

Half year report for 6 months ended 30 Sept 2013 -

"In March, the Board of National Grid agreed a new dividend policy to apply from 1 April 2013. The new policy aims to grow the ordinary dividend at least in line with the rate of RPI inflation each year for the foreseeable future. The first interim dividend under this new policy, for the year ending 31 March 2014, was set at 14.49p; thereafter it is intended that the interim dividend be 35% of the total dividend per share in respect of the previous financial year. As a result, it is expected that the final dividend paid next August in respect of the year ending 31 March 2014 will reflect the full monetary value of the percentage increase for the year as a whole."

[dgo] 23/1/2014 16:54

Just noticed this current div is the same as last January 14.49p
Any idea anyone ?

[neddo] 23/1/2014 12:56

had divi this morning, lubbly jubbly

[skinny] 23/1/2014 07:46

JP Morgan Cazenove Neutral 798.00 798.00 735.00 805.00 Reiterates

[tonio] 15/1/2014 18:05

This sounds like good news for NG and the UK electricity supply. It was on google financial news today from the Cumberland News and Star but I've not seen it in any national news source. Westinghouse is of course the company Gordon Brown sold off quietly at Christmas a few years ago.

hxxp://www.newsandstar.co.uk/news/1-000-permanent-jobs-if-new-nuclear-reactors-go-ahead-in-west-cumbria-1.1110292


The US nuclear company Westinghouse has unveiled firm plans to build three of its AP1000 reactors on land at Moorside, Sellafield, with the first due to come on stream in 2024.

The project is potentially worth £5bn and would be the biggest ever private-sector investment in west Cumbria.

Westinghouse expects 6,000 jobs to be created during the construction phase plus 1,000 permanent jobs once the reactors are finished and further employment every time one is refuelled. Westinghouse Springfields, a fuel manufacturing facility near Preston, would make the fuel.

When all three reactors are operational they would supply seven per cent of the UK's electricity - more than all the wind turbines in the country put together.

The announcement follows the decision of Westinghouse's parent company, Toshiba, to buy into the NuGen consortium that has an option to develop Moorside.

Toshiba is acquiring the 50 per cent stake of Spanish energy company Iberdrola and part of the stake owned by the French energy company GDF Suez, giving it a 60 per cent holding in NuGen.

NuGen had previously said it was carrying out site investigations to see if Moorside was suitable for reactor development and that it would decide next year whether to proceed.

Westinghouse says the final decision will come in 2018 but the answer is likely to be 'yes'.

Simon Marshall, the company's UK project director for new build, said: "The site investigations have not yet been completed but the work done has given us confidence to go ahead and buy a majority stake in NuGen."

Hurdles still to overcome include securing planning consent and a connection to the National Grid.

Construction of the reactors would start in 2020.

[tonio] 08/1/2014 17:02

well if you believe in charts that's fine. how about looking at unexpected realities such as US snow/ice storms the worst ever. This, you would think, is bound to be impacting on NG share price - charts cannot take account of such events.

[codek] 07/1/2014 16:18

LSE seems to think the same as yf23_1:

[yf23_1] 07/1/2014 12:59

If you look at the chart the price action is more akin to a flag (flatlining) making 780 a support instead of a resistance, reinforced by the quick bounce back from 750.

[tonio] 06/1/2014 16:22

I guess its North american snow thats pushing the share price down, maybe it's stuck against that triangle.

[yf23_1] 01/1/2014 12:49

Could be on breakout from triangle downtrendline.

[zeppo] 01/1/2014 12:06

Will the income diminish?

If not, it is a hold for its yield, n'est pas?

z

[megordon] 31/12/2013 09:16

Tipped as a good stock to sell for 2014, can't find the link again at the moment but sure someone will have it.
Time to grab the profits I reckon.

[gbb483] 28/12/2013 15:51

Given the slim volumes and the 'pros' being on holiday, of course there will be erratic movements. Live with it.

[mazarin] 27/12/2013 21:50

In my view some rather erratic mov't on the 'sp' today, having made steady progress until 1400 (US opened) then suddenly dropped rapidly, but in final minutes struggled to make modest recovery, though not entirely recovering ground to close up 3p to (£7.90).

[spacecake] 27/12/2013 08:41

rech,

Have some previous experience of living with centralized heating station back in the 1980's it went something like this.

1960's council builds thousands of flats in two large estates with two large central heating stations. The heating stations were fired on oil as gas was expensive at the time. 1970's - 1980's Reliability problems were so bad (no heating in the depth of winter) that the local women and children occupied the council offices for a week. The deal agreed with the council was the demolish the heating station and fit individual gas boilers to all the flats, the running cost were so high tenants moved out, other would not move in... result ... demolition.

The other large estate ran on central oil boiler... oil too expensive .. high unemployment in the 1980's led to refusal to pay heating element of the rent, evictions, voids, etc.

The whole thing was badly conceived, badly specified, badly operated.

[darias] 23/12/2013 13:14

rech

It has been tried.

I go to many high density estates with communal heating and the tenants have the heating going full blast. In Sweden and Scandinavian countries where they have colder winters they need the heating operating at full blast even during the day when the property is empty but do we need the heating on a day like today when the outside temperature is around 50 degrees Fahrenheit in London.

If the occupier pays for the heating then they put on jumpers before turning on the heating.

What would be better is if we fixed our cold damp 19th century housing or better still demolished and rebuilt.

[2hoggy] 23/12/2013 09:56

comman sense goes out the window when you become a politician.

[rech] 23/12/2013 09:44

tonio,

HS2 and Trident come first because we're a world power, and have a permanent seat on the UN Security Council, innit?

A property developer was showing his new build flats to me. I enquired about heating - electric storage. No central heating? I received a blank response. Visit Sweden, or Czech Republic, where entire villages have a single central heating source. The radiators war up in September and are turned off in May. If you're too warm, then just turn off individual radiators. That's innovation, but why not in UK?

Vote for me, and I'll pass a law forbidding government from runnng a deficit. On pain of life incarceration in the Tower.

[tonio] 20/12/2013 13:03

Yes why we don't have such systems I don't know. Maybe we aren't quite the advanced country we think or maybe it's just that coal was so cheap we thought we needn't bother. I really have no idea. In Switzerland even nuclear power stations have combined heat and power (CHP), but I've not heard any mention of it for our ridiculously expensive nuclear power station order. It's just life in the UK I guess. We're great at innovation but sadly incredibly slow and short-termist when it comes to decisions at national level. Even then we go for seemingly useless show ornaments like windmills, HS2 and replacing Trident - surely we'd be better spending this sort of cash on CHP infrastructure, a national water grid, ... There are so many basic things things we need, it's a little sad to see what the national priorities appear to be.