National Grid Share Discussion Threads

[mike24] 20/2/2015 08:54

I think they could do more for employees, don't they have to
wait/save for THREE yrs to qualify for a modest discount on
share purchases? missing a great incentive to get the best out of staff ?

roll on a tenner, plus DIVI where can you get a possible 15% return from 9 quid
in next 20 or so weeks, by which time europe should be on the road to a solid recovery
nai dyor

[darias] 19/2/2015 12:16

A special dividend is the board deciding to buy their own shares with our money. As shareholders we should be allowed to choose what shares we want to buy with our money. So you may have to pay tax on any dividend. So what you always receive more in cash than you pay tax. The board cannot guarantee that any share bought is a good investment. It is clearly not free of risk as this particular board have so ably demonstrated in the past when they return with the begging bowl out!

[tonio] 18/2/2015 22:21

Hi, I agree with your first point but not so much with your second - to my mind the NG share price is much more influenced by US investors' attitudes. Further I suspect the share price will advance substantially well before a time scale of 5 years - subject of course to an overall US market advance pulling the UK along.

I agree with Eastbourne as to going long - I'll go longer, but that's a quibble.

[utyinv] 18/2/2015 20:48

Darias,

A special dividend (after the ex-divi date) dilutes the value of the shares more than the value of the special divi, also any divi attracts tax.

NG are doing the right thing by buying back and hopefully reduce the shares in circ increasing market valuation.

One of the reasons why Grid is falling is due to public and BBC ignorance into who Grid are. When the BBC reported this morning on the preliminary competition report relating to the 'six big energy providers' the BBC showed the National Grid ENCC Control Room with the National Grid logo clear for everyone to see.

National Grid sentiment is being adversely affected by the investigation into the 'big six'.

Hopefully in five years time when National Grid complete their capital expenditure programme we should see a share price of £12 - £13 / share reflecting the true value of National Grid.

[darias] 18/2/2015 14:10

So share buybacks again so that the boards bonuses which may be tied to profit per share can be protected. Then two years down the line they come back to us shareholders with their hands out asking us to back them for a stock issue.

Please tell me what is wrong with a special dividend or even upping the usual dividend. We would then see the price rise.

Sack the board I say.

[alter ego] 18/2/2015 11:56

tucked away a chunk at 873 for relatives income

[eastbourne1982] 18/2/2015 11:15

Just gone long at £8.71, not interested in buying these long term however they look oversold to me, looking for a move back over £9 within the next month.

[mike24] 17/2/2015 12:37

must be within a few pence away from a spike
back to where share price should be,
plus share buybacks,

doubled up holding 887 even cheaper now

[losos] 17/2/2015 08:42

tonio - good post. They are fortunate that they are not in the eye of Joe Public so the politicians (Millipeed etc.) can ignore them. This was also mentioned by someone above.

[tonio] 16/2/2015 18:52

Well, in my amateur view, it is a bit of a no-brainer. A reliable company like NG has a huge batch of shareholders that do not trade - they are in it for the dividend and any long-term capital growth - both of which have been historically delivered. So HF traders (large funds, banks, what have you) drive the share down to buy cheaply and then drive it up again - often (not always) peaking just before an ex-divi date, when they can sell knowing that the huge bulk of shareholders willjust carry on holding for the dividend.
What's not to like? Long-term investors get what they want and the active fund traders make their profits too. Long-term investors also get the opportunity to buy more at the minima.

[ringer12] 14/2/2015 23:51

It seems this is bash the utilities month.. Does NG make any profit in the US or is it drag on the SP?

[skinny] 13/2/2015 14:27

A partnership between National Grid (NYSE:NGG) and Eversource Energy has been selected by regional power grid manager ISO New England to build one of the largest electric transmission projects in recent New England history.

The proposal was chosen over another proposal presented by New Hampshire Transmission, a subsidiary of NextEra Energy (NYSE:NEE).

The winning plan, which is expected to cost $510M, calls for new overhead lines in existing rights of way through Massachusetts and southern New Hampshire, and new underground cables through Boston and other Massachusetts communities.

[a0148009] 13/2/2015 10:59

Testing the SMA 200.

AO

[bountyhunter] 12/2/2015 17:42

I agree with that assessment Dr B - NG is not a typical utility in that respect.

[dr biotech] 12/2/2015 14:29

NG always seems to have dodged that particular bullet. I guess its out of the politicions sights as no-one gets a bill from NG directly.

Also means that they rarely get pulled up for poor customer service too etc.

[atlantic57] 12/2/2015 13:07

What about political risk .

All of thees utility Companies offer excellent yeilds but come the general election this may change.

[bountyhunter] 12/2/2015 11:32

BOE governor suggested earlier this morning that 0% or even negative inflation at some point in the next 2 yrs may warrant a further cut in interest rates - may be positive for NG I would have thought given the yield.

[tonio] 09/2/2015 08:25

Yup just a classic HF traded stock - ARM is another.

[mike24] 09/2/2015 08:17

sit tight and a chance top up on the dips
nai

[skinny] 06/2/2015 15:44

Not quite, but certainly near the bottom of the long term up trend price channel.

A bit crude but...


free stock charts from uk.advfn.com

[newbank] 06/2/2015 15:41

Over sold again?

[lord gnome] 29/1/2015 07:42

Share buy back news should help to ensure that the share price doesn't slide too much. I sold our my UU. at 910 thinking they were fully valued and look what happened there. I am loathe to sell these in case they do the same. I have no fears of the share price tanking, the safe steady dividend will act as a support.

[skinny] 29/1/2015 07:27

Citigroup Neutral 951.40 951.40 820.00 900.00 Reiterates