National Grid Share Discussion Threads

[skinny] 20/5/2016 10:07

I've held these on and off since privatisation - latest purchase was in 2010 @495p, of which I still hold half.

[veryniceperson] 20/5/2016 08:40

p o. Brought a couple of years ago at £700 ish topped up around £800 ish. I'm a long term holder seeking the divi. If they drop for no real reason will buy some more if funds allow.

[pierre oreilly] 20/5/2016 07:57

vnp.....or just buy and dont watch the minute by minute price. see what it's like in a couple of years.

[spranson] 19/5/2016 21:38

thanks for the thread update work bounty a well presented board for NG holders

[veryniceperson] 19/5/2016 21:23

You know what they say, sell on good news, buy on the bad. It's all a funny old game.

[ringer12] 19/5/2016 18:19

Just as well they didn't report a loss!

[bountyhunter] 19/5/2016 17:33

header updated with financial calendar info and dividend policy

[darias] 19/5/2016 13:23

This company has history of buy backs and offerings.

[stevie blunder] 19/5/2016 08:50

Dividend cover is pretty low of course.
Longer term I am a bit puzzled that they intend to grow assets by 4-7% assuming RPI is 3% but only target dividend increases in line with RPI. That looks as if shareholders will over time receive lower returns on the bigger assets that they are funding.
I suppose this is a sign of regulatory pressure.
I am also puzzled by the proposed return of capital from the partial sale of the Gas network. Profits will also fall so maintaining the divi on the same number of shares will become more difficult. I would not be surprised to see the return in the form of a share buy back or a special divi followed by a share consolidation.

[pierre oreilly] 19/5/2016 08:20

Disappointed with the divi increase. Maybe keeps the regulator happy and maybe ngc will return cash by other means. All other numbers heading in the right direction from my very brief look.

[skinny] 19/5/2016 07:10

HIGHLIGHTS
Strong performance, with a significant level of investment
· Adjusted operating profit of £4.1bn, up 6%
· Adjusted earnings per share of 63.5p, up 10%
· Group Return on Equity of 12.3% (2015: 11.8%)
· Total investment of £3.9bn, up from £3.5bn, driving regulated asset base growth of 4%
· Solid UK performance, generating savings of over £330m for customers in the first 3 years of RIIO
· Good progress with significant rate filings in New York and Massachusetts
· Strong year in Other activities led by interconnector and property performance
· Value Added of £1.8bn or 47.6p per share
· Recommended full year dividend up 1.1% to 43.34p (2015: 42.87p)

[utyinv] 17/5/2016 18:02

Results out Thursday. Let's hope there is some positive news regarding the progress on the UK Distn sale and a clear indication from John Pettigrew (new CEO) how shareholders will directly benefit from the proceeds. As for the RIIO mid term review, I suppose OFGEM have to be seen to justify their existence but let's hope they don't interfere too much by focusing on short term gains. Under the license agreement NG are not responsible for keeping the lights on due to a shortage of Generation. You have to ask yourself why have the Gen Co's procrastinated in committing to new build? There has to be an incentive and the Energy sector is not a charity!

[utyinv] 17/5/2016 17:39

Why do the Yanks always put a damper on our market? It's about time either the Dow re-aligns itself with a true value or the FTSE re-aligns itself with a true value. IMO I believe our stock (the FTSE blue chip stock) is being massively manipulated and the authorities are allowing it to be for political reasons! Though I would probably prefer to stay in the EU I like many don't like being patronised by Cameron and the antics he has adopted during the referendum campaign, I may just vote out to spite him!

[m100] 13/5/2016 19:02

OFGEM - Decision on a mid-period review for RIIO-T1 and GD1

[skinny] 13/5/2016 08:44

Berenberg Hold 1,001.00 850.00 970.00 Reiterates

[m100] 11/5/2016 14:03

Notice of inadequate system margin (1500MW) issued on Monday evening

Breakdowns force National Grid to issue power supply crunch alert



Britain gets no power from coal for 'first time on record'



National Grid Summer Outlook Report 2016 (pdf)

[mike24] 08/5/2016 20:15

sun.times China joins bidding for NG's gas pipelines
but why the need to shift on focus to expand in US ?

[skinny] 25/4/2016 14:53

All a bit academic, but whilst it says 'reiterates', the last rec from HSBC was in July with a TP of 980p.


HSBC Buy 961.50 1,040.00 1,040.00 Reiterates

[sailor steve] 24/4/2016 20:07

Mike, no-one has ever negotiated a complex set of trade terms within a couple of years, let alone one that will require two dozen signatures. Our trade negotiators were laid off and retired 40 years ago, we have no skilled people to work on one set of talks, let alone the dozen or so that would be high-priority (other than those Brits working in the EU Commission). Dream on.

[mike24] 24/4/2016 15:35

if we stay in business as usual?

according to most Germans the euro currency has been a disaster,
and new Brussels regulation means more charges on pensions
in case insurers go bust,
out vote will still mean we can renegotiate acceptable terms,
within a couple of years,
edit
with us or without us Europe faces possible collapse within three yrs
the emergency bank being set up, will require all countries to contribute more
to avoid such collapses as Greece, the better off countries will be flooded by immigrants who at present earn less than £1 an hour, and all the integration problems that come with them,

[bountyhunter] 22/4/2016 18:20

PO I agree that's my view also

[praipus] 22/4/2016 16:42

Trying to remain on the fence re exit but:

If we stay in business as usual.

If we leave:

* Any business from the US or other country wanting an English speaking office in Europe for convenience would have to relocate to mainland europe for legal reasons. Perhaps why Obama is over here drumming up support for us staying in.

* Work for accountants.

* Work for Lawyers.

* Redundancies & unemployment caused by foreign firms closing UK offices and moving to mainland europe so as to remain within its trade/legal remit?

* UK staff shortages as freedom to use european labor thwarted.

hmmm food for thought.

[pierre oreilly] 22/4/2016 10:10

Mike, my wife's ISA allowance is staying in the bank ATM due to that reason. I don't think I'll wait until the result is known though, perhaps a week or so before. Not sure of the pros and cons of any particular result, I just expect uncertainty moves before and a climb after whatever the result. Whether to sell now and try to buy back in cheaper is just really a gamble imv even though volatility is on the way I expect. I may sell some IL gilts to have some cash ready for any ftse 100 high yield drop days since they are on a gyr of about 0.9%.