National Grid Share Discussion Threads

[bountyhunter] 23/11/2015 09:00

yes true enough longer term NG has outperformed the FTSE I'm very glad to say (in terms of yield as well as capital value) - I've just recently been watching the intraday charts in the header from time to time so nothing scientific - I should really compare the two longer term charts to show where the divergence occurs and maybe will when I have a bit more time

[lord gnome] 23/11/2015 08:37

bountyhunter - can't agree with you on NG / FTSE correlation. Over the last six months the FTSE is down 10.5% whereas NG is up by 2.5%. You may get a bit of intraday tracking, but the out-performance has been marked over the last six mnths.

[bountyhunter] 22/11/2015 20:36

atlantic - I've noticed that NG often (but not always completely) follows the FTSE index in it's movements so recently put a daily chart of the FTSE below the NG chart at the top of the thread so that correlations / differences are easy to track; my main concern with holding NG is if / when interest rates start to rise again regardless of the fact that NG's capital investment / investor returns are highly regulated often the market moves irrationally

[atlantic57] 22/11/2015 20:19

Bounty thanks I am a holder but was puzzled by the recent volatility.

[bountyhunter] 22/11/2015 19:55

atlantic57 - there are indeed some real experts on technical background who contribute to this thread whose contributions are very much appreciated by us all but at the end of the day nobody can account for or predict NG short term share price movements (which like the general market are generally highly unpredicatable) or we would all be rich; most of us see NG as an essential part of the nation's infrastructure with decent dividend returns over the long term (capital returns are a bonus) in a low interest rate environment where savings return next to nothing

[utyinv] 21/11/2015 01:13

Prewar,

The revenues NG will generate through building the interconnectors (in partnership with other Grid Companies from other Countries) is profitable. Part of its infrastructure will add to the total asset base of the company.

Sys Ops, I can see will purely be a market balancing facility whilst the TO, owning all the Transmission assets will make the money through the connection and use of system charges.

As for Chinese walls...let's say the TO part of the business are directly involved in building the interconnectors, through design, build, commissioning and then use. Just one example, National Grid Project Teams have been established to help build the Norwegian interconnector with the Norwegians.

Who were the main protagonists in building Britned?

The off-shore to on-shore connection points, once landed on terra-firma the infrastructure that is needed to be built to carry the energy along the transmission system is NG's. Granted in the future it may be opened up to competition but Grid are already ahead of the game IMO

[atlantic57] 20/11/2015 22:11

Okay thank you for your posts giving technical background.
Perhaps a change of sentiment and of course wall has had a powerful finish to the week.

[prewar] 20/11/2015 20:58

I think there are also Chinese walls between the parts of the business running the I/C's and the SO/TO parts.

[prewar] 20/11/2015 20:56

Interconnectors are outside of asset base, returns are not guaranteed on existing I/C's to France and Netherlands, the ones under construction (Belgium and Norway) have a Cap and Floor on the return.

[atlantic57] 20/11/2015 18:46

Okay thanks but with respect has the world really changed that much in 14 days.
As I understand it 14 days ago American analyst wrote a negative piece on no which sent the share price
Down quickly,

[pierre oreilly] 20/11/2015 18:24

Safe haven, low interest rates to go on. and on. and on. That's my guess.

[bountyhunter] 20/11/2015 17:25

approaching XD date but only 15p so that can't account for all the recent rise, maybe just a realization that NG is undervalued especially as the low interest rates seem now to be forecast to persist for longer than was originally anticipated

[atlantic57] 20/11/2015 17:19

Forgive me for being Dim but what has lifted the ng price.
Just a few days ago i thought an analyst was full of doom and gloom on ng....

[praipus] 20/11/2015 14:36

PO no essential to develop all sources of energy.

[praipus] 20/11/2015 14:07

Dead hand of politics......affecting my investments, pension and savings once again...

Renewable Energy Holdings plc Suspension of Shares on AIM

20/11/2015 12:46pm

Today : Friday 20 November 2015

RNS Number : 4804G

Renewable Energy Holding PLC

("REH" or the "Company")

Decision of Secretary of State for Energy and Climate Change re Mynydd y Gwynt

Suspension of Shares on AIM

REH is disappointed to report that the Secretary of State for Energy and Climate Change has today announced that she has declined the Application for Development Consent for the Mynydd y Gwynt wind farm. The Company is carefully considering the details of the decision along with the Examiner's Report and will be discussing matters with its principal creditor, Utilico Limited ("Utilico"), to determine whether the Company can remain trading in light of this decision, especially as the debt to Utilico is due for repayment by 31 December 2015. Pending resolution of these discussions the trading of the Company's shares on AIM is suspended. The Company will be making further announcements in due course.

The Secretary of State's consent decision letter and the Examiner's report of recommendation have been published on the Planning Inspectorates project website, the link to which is set out below.

[pierre oreilly] 20/11/2015 13:53

m100 - i think the journo misinterpreted what rudd was saying when she wrote that ng would be stripped of its role of balancing supply and demand.

At least i hope she misinterpreted.

[tonio] 20/11/2015 13:41

At the very least the latest speech seems at last a shift in policy on power generation away from the 'renewables are so cuddly' recent history. It may well be flawed but at least it seems sort of definite - the City likes definite so it should help the NG sp?

[m100] 20/11/2015 13:34

National Grid could be broken up, Amber Rudd suggests

Utility giant could be stripped of its role balancing supply and demand on the UK's gas and electricity networks, energy secretary indicates



The lunatics have taken over the asylum

[pierre oreilly] 20/11/2015 11:46

Contents ng = coming.

[pierre oreilly] 20/11/2015 11:45

Praip, no, you can't say 'develop all sources of generation'. Surely you mean 'develop all feasible sources of generation'. I'm sure you wouldn't want much cash poured into hamster wheels - which could be a source of generation' if we wanted.

The problem we face is that cash is a scarce resource and not unlimited, so if you spend cash developing poor methods of generation then there is less available for good sources. IMO, the last 20 years is characterised by spending a disproportionate amount on technologies known to be poor and consequently much less on efficient technologies. We now find ourselves with very poor set of tools to satisfy electricity demand requiring very odd emergency solutions - demand management, I.e turning industry off - which will likely be exhausted in the contents ng years leading to power cuts. All predicted and easily foreseeable and forseen many years ago. The adjustment to correct for our illogical allocation of resources over the last 20 years will be very expensive and will leave us for several years at the mercy of external influences.

[praipus] 20/11/2015 11:36

Perhaps Gov could fudge the figures to meet the EU's requirements

[praipus] 20/11/2015 10:10

We should take lessons from evolution. The more omnivorous tha animal the more sources of food the better chances of survival.

Coal, Gas, Wind, Nuclear, Geo Thermal, Hydro, Solar, Wave, Bio, Tidal etc. Develop it (the technology and the energy) all (clean as poss of course) and sell it to the rest of the world. Seems simple to me. Historically Great Britain has a track record of it. Are we energisers of industry today or energy sappers?

Apple largest company in the world can trace the origins of its technology back to government subsidies. UK energy policy wake up please...

[2hoggy] 19/11/2015 18:05

They are closing a coal fired power station in Yorkshire early next year which supplies 4% of national supply,how are they going to replace that with these other heath robinson types of generation.

With regard using gas,we have a very limited storage capacity compared to most eu countries,our polkiticians are so inept at running our country it makes your blood boil.This problem was totally disregarded by those labour mp's for 13 years, and now we have the crunch coming with industry to being paid to stop using energy when it gets too cold

So our industry comes to a halt,I despair!!!!