National Grid Share Discussion Threads

[freds13] 08/11/2006 13:45

Arhhh - wondered what was going on. Ta bounty.

[bountyhunter] 08/11/2006 12:32

spiked up in sympathy with Scottish Power which has just announced a bid approach

[bountyhunter] 08/11/2006 08:08

looking better now :-)

[freds13] 08/11/2006 02:08

USA CLOSENATIONAL GRID PLC (NYSE:NGG)
Last Trade: 64.10
Trade Time: 3:59PM ET
Change: Up 0.50 (0.79%)
Prev Close: 63.60
Open: 63.97
Bid: N/A
Ask: N/A
1y Target Est: 63.00

Day's Range: 63.93 - 64.43
52wk Range: 44.89 - 64.98
Volume: 50,600
Avg Vol (3m): 32,442.4
Market Cap: 34.87B
P/E (ttm): 14.06
EPS (ttm): 4.56
Div & Yield: 2.39 (3.80%)

[freds13] 07/11/2006 00:58

USA CLOSENATIONAL GRID PLC (NYSE:NGG)
Last Trade: 63.60
Trade Time: 4:05PM ET
Change: Up 0.28 (0.44%)
Prev Close: 63.32
Open: 63.51
Bid: N/A
Ask: N/A
1y Target Est: 63.00

Day's Range: 63.39 - 63.83
52wk Range: 44.89 - 64.98
Volume: 16,800
Avg Vol (3m): 32,550
Market Cap: 34.59B
P/E (ttm): 13.95
EPS (ttm): 4.56
Div & Yield: 2.39 (3.80%)

[prewar] 06/11/2006 11:35

alan6012

I don't think there was a windfall at merger, share for share from memory. There was big return of cash to shareholders when they sold off 4 LDZ's over a year ago now.

[bountyhunter] 06/11/2006 07:31

good point Fred
btw from the Finacial Calendar a couple of key dates are coming up this month:

16 November 2006 Interim results
29 November 2006 Ordinary shares go ex-dividend

[bountyhunter] 05/11/2006 16:57

Yes you are right but it's day may come! I picked this up on a stock filter when looking for larger caps with good fundamentals, a good track record (as evidenced by the chart) and stable propects. There is always the possibility of a takeout as well of course - EON have been mentioned in the past but nothing is currently rumoured to the best of my knowledge.

[d s patterson] 05/11/2006 16:47

Not an unreasonable yield and a very solid few years indeed, also would have been an excellent longer term trading share, very little regular discussion on the bb though.

[alan6012] 04/11/2006 09:56

Can anyone help or remember please? Was there a windfall for share holders when lattice was merged with national grid? Many thanks
aLAN

[bountyhunter] 31/10/2006 12:04

maybe just general market conditions?
...I see that some large buys have gone through over the last half an hour

[spangle93] 31/10/2006 12:01

Is anything in particular driving the recent pull back, for instance, less likelihood of M&A activity?

Or is it that it's falling back after a good run up?

Maybe a chartist out there could give a view?

[freds13] 29/10/2006 23:26

USA CLOSE FRIDAY NATIONAL GRID PLC (NYSE:NGG)
Last Trade: 63.99
Trade Time: Oct 27
Change: Up 0.44 (0.69%)
Prev Close: 63.55
Open: 63.70
Bid: N/A
Ask: N/A
1y Target Est: 63.00

Day's Range: 63.26 - 64.13
52wk Range: 44.89 - 64.98
Volume: 81,500
Avg Vol (3m): 33,307.6
Market Cap: 34.81B
P/E (ttm): 14.06
EPS (ttm): 4.55
Div & Yield: 2.39 (3.70%)

[freds13] 27/10/2006 00:10

Press Release Source: Niagara Mohawk Power Corp.

Niagara Mohawk Power Corporation Declares Preferred Stock Dividends
Thursday October 26, 11:34 am ET

SYRACUSE, N.Y.--(BUSINESS WIRE)--Niagara Mohawk Power Corp., a subsidiary of National Grid plc (NYSE: NGG - News), announced that its Board of Directors has declared dividends at the following rates for all series of its preferred stock.

.85% of $100 par value on the 3.40% Series
.90% of $100 par value on the 3.60% Series
.975% of $100 par value on the 3.90% Series
1.025% of $100 par value on the 4.10% Series
1.2125% of $100 par value on the 4.85% Series
1.3125% of $100 par value on the 5.25% Series

Preferred stock dividends are payable Dec. 31, 2006, to holders of record Dec. 4, 2006.

Niagara Mohawk Power Corp., doing business as National Grid, provides electricity service to approximately 1.5 million customers and natural gas service to approximately 565,000 customers in upstate New York. The company is based in Syracuse. Its parent company also has electricity distribution operations in New England.


Contact:

National Grid plc
Alberto Bianchetti, 315-428-6932

[freds13] 25/10/2006 21:49

USA CLOSE NATIONAL GRID
Last Trade: 63.39
Trade Time: 3:56PM ET
Change: Up 0.15 (0.24%)
Prev Close: 63.24
Open: 63.22
Bid: N/A
Ask: N/A
1y Target Est: 63.00

Day's Range: 63.06 - 63.53
52wk Range: 44.43 - 64.98
Volume: 29,100
Avg Vol (3m): 32,697
Market Cap: 34.48B
P/E (ttm): 14.09
EPS (ttm): 4.50
Div & Yield: 2.39 (3.80%)

[bountyhunter] 21/10/2006 08:14

National Grid gets feds' OK
$7.3B KeySpan buy clears hurdle
By Tina Seeley BLOOMBERG NEWS

"WASHINGTON- National Grid Plc yesterday won approval from federal regulators for its $7.3 billion purchase of KeySpan Corp., an agreement that will more than double National Grid's U.S. customer base.

The deal, announced Feb. 27, would combine London-based National Grid's U.S. operations with the gas and electricity business of KeySpan, based in New York. KeySpan is the largest supplier of gas in the Northeast and the main supplier of electricity for Long Island.

"The combination of their electric generation resources is not likely to harm competition in any relevant market," the Federal Energy Regulatory Commission said in its order.

The agency said most of KeySpan's power supply is sold under long-term contracts to the Long Island Power Authority.

The companies still need approvals from state regulators in New York and New Hampshire to complete the purchase, National Grid spokesman David Graves said in an interview earlier this week.

Shareholders of both companies approved the buyout in August. The purchase has also been approved by U.S. antitrust regulators and a special federal committee that reviews takeovers of U.S. companies by foreign owners for risks to national security."

[freds13] 18/10/2006 15:21

ady - don`t know where citigroup got the shares from. They were probably placing them for a client. Citigroup are a big financial firm and they deal in banking/insurance/shares etc. If you go to google and type in citigroup it should tell you all about them.

[adyjudge] 18/10/2006 14:23

these where new shares? who are citigroup ?
(yes I am a newbie)

[freds13] 18/10/2006 14:17

Yeah but the shares were "placed" by citigroup - so they sold them and the punters bought them(pi`s/institutions).

[adyjudge] 18/10/2006 14:13

that cannot be, the trades show the buy sell volume over 50million shares have been bought

[freds13] 18/10/2006 14:08

ady - I think citigroup sold the shares at this price(674.5p).

[adyjudge] 18/10/2006 13:53

so citigroup got the shares at a discounted deal 6.74 for a large purchase & this caused the overall price to dip, is my understanding correct ?

[bountyhunter] 18/10/2006 13:01

thanks fred - based on my Corus thread which is no longer of any interest.
NG. looks like good value - best I could find in the high cap shares using a filter on fundamentals with a reasonable divi and prospects. Also I believe interims are next month and the interim divi in only around a month and a half away.