National Grid Share Discussion Threads

[mj19] 23/1/2017 08:46

Anyone in but me? Where is this heading guys?

[bountyhunter] 20/1/2017 13:26

I'm getting fed up with those CS constant "reiterations" - how many times do they have to tell us the same thing - any guesses what their agenda is? (no prizes;-)

[skinny] 20/1/2017 07:24

Berenberg Buy 943.00 970.00 1,050.00 Upgrades

[mj19] 20/1/2017 07:17

Today in US - upgraded by Zacks Investment Research from a "sell" rating to a "buy" rating in a research report issued on Wednesday. The brokerage currently has a $65.00 price target on the stock. Zacks Investment Research's price objective indicates a potential upside of 10.94% from the company's current price.According to Zacks, "NATIONAL GRID -ADR is an international energy delivery business, whose principal activities are in the regulated electricity and gas industries. They own and operate the high-voltage electricity transmission network in England and Wales, and Britain's natural gas transportation system. In the US they are one of the top ten electricity companies, with the largest electricity transmission and distribution network in the New England/New York

[mj19] 19/1/2017 14:12

Analysts At Credit Suisse Reiterated National Grid PLC (LON:NG) As Underperform
January 19, 2017 7:57 am
Writer: Camille Ainsworth
Posted In: European Broker Ratings


Today analysts at Credit Suisse reiterated National Grid PLC’s (LON:NG) shares as ‘Underperform’ in a report released to investors.

According to Credit Suisses price target of 850 on the company’s stock this indicates the broker now believes there is a decrease of -10.46% from National Grid PLC’s current price of 949.3.

[skinny] 19/1/2017 12:34

As ever :- Credit Suisse Underperform 935.70 860.00 850.00 Reiterates

[mj19] 19/1/2017 11:48

Since I bought we have gone down, I just dont get this share price it should be much higher.

[garycook] 19/1/2017 10:55

Yes.Buy now

[action] 19/1/2017 10:29

Good Morning All,

Any entry level price suggestions pls?

[utyinv] 18/1/2017 08:52

The share price is being controlled by the sharks! Just look what happens every day at 8:30 hrs!

[garycook] 18/1/2017 02:22

UtyINV,Totally agree with you.

[utyinv] 18/1/2017 00:26

MJ19,

Credit Suisse (CS)have always been negative on National Grid! Its one of the few British Utilities remaining (British controlled). They - NG - are successful in both this Country and the US

CS have sold NG (shorted the shares) badly and need the share price to retrace to cover costs. If only the share price could spike to £10 long enough to burn the likes of CS.

[davr0s] 17/1/2017 21:44

I do chuckle at brokers reports. To think they can do it to 3 significant figures as well. 10.4%!! What a load of rubbish

[mj19] 17/1/2017 21:43

bought 5000 at 950 watch this space

[mj19] 17/1/2017 21:40

14th jan

On Friday analysts at Investec Capital upgraded National Grid PLC’s (LON:NG) shares to ‘Buy’ in a research note issued to investors.

Following Investec Capital’s latest price target of 1030 on the business this highlights that the broker now believes there is an increase of 8% from National Grid PLC’s current share price of 953.7.

[mj19] 17/1/2017 21:39

13th jan

National Grid plc 10.4% Potential Decrease Indicated by Credit Suisse

Posted by: Amilia Stone 13th January 2017

National Grid plc with EPIC/TICKER LON:NG has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘UNDERPERFORM’ this morning by analysts at Credit Suisse. National Grid plc are listed in the Utilities sector within UK Main Market. Credit Suisse have set a target price of 860 GBX on its stock. This would imply the analyst believes there is a potential downside of 10.4% from the opening price of 960 GBX. Over the last 30 and 90 trading days the company share price has increased 37.9 points and decreased 102.5 points respectively.

[mj19] 17/1/2017 21:38

At the time of writing, shares in the UK’s largest listed utility, National Grid (LSE: NG), were changing hands at around 954p, that’s 16% below last summer’s peak of 1,130p. Traders would consider that a very substantial retracement given the electricity and gas distribution firm’s reputation for stability and low volatility.
Inflation-proof

A cursory glance at the group’s share price chart makes it an obvious pick for traders looking to buy the dips in an uptrend. But of course we’re not traders looking to make a quick buck from short-term price movements, we’re here to build long-term wealth based on sound fundamentals and common sense. So the question remains, could this be our last chance to buy National Grid for under £10 per share?

First and foremost we must look at why the utility giant has remained a favourite among investors looking for stability in their buy-and-hold portfolios. The utility giant has no competition whatsoever, no one else can provide its services here in the UK, resulting in a virtual monopoly, making it ultra-low-risk. Secondly, the company’s dividend policy continues to attract long-term income seekers with its aim to grow the dividend at least in line with the rate of RPI inflation each year for the foreseeable future. In other words, a steady reliable growing income – what’s not to like so far?
Growth

Third and perhaps more surprisingly, National Grid does have attractions for growth investors. Over the last four reporting periods, the firm’s revenues have increased by £1.3bn, with pre-tax profits up £473m, and underlying earnings per share rising by 27%. The result is a 56% increase in the share price since 2012. Not bad for a boring utility with little opportunity for growth.

Nevertheless, the main attraction is still the progressive inflation-proof dividend and low-risk profile, but that in itself attracts buy-and-hold investors in it for the long haul, which of course leads to further share price appreciation. Analysts expect the full-year dividend payout to be hiked by 1.07p per share to 44.41p for the current period to the end of March, with further increments to 47.32p by FY2019, giving a chunky prospective yield of 5% at current share price levels.
Windfall

But that’s not all folks! Last month National Grid announced that it was to sell a 61% stake in its gas distribution business to a consortium of investors led by Macquarie, the world’s largest infrastructure manager, for £3.6bn in cash by the end of March. The company will also receive £1.8bn in additional debt financing as part of the deal.

Of the total £5.4bn proceeds from the sale, National Grid will return around £4bn to shareholders by way of a special dividend, perhaps as early as the second quarter of this year, together with a share buy-back programme. If all goes well, shareholders could be in line for a sizeable windfall.

[bountyhunter] 15/1/2017 13:53

=( 3 / 36(market cap) ) * £9.95 = 995/12 =~ 83p/share at todays share price (to be returned as special div + buy backs)

[atlantic57] 14/1/2017 19:11

My apologies m100

[m100] 14/1/2017 18:51

Presumably "special payment to shareholders in respect of the Sale of their interest in the us business" should refer to partial disposal of the UK gas distribution business.

No exact date but the intention is during 2nd quarter 2017 (subject to merger clearance from the European Commission)

From this document dated 13th January 2017




"National Grid further announced that, following completion of the Transaction, it intends to return around £4 billion of net proceeds to its shareholders through the combination of a special dividend (together with a share consolidation) and share buy-backs. At least 75 per cent. of the net proceeds are expected to be
returned via a special dividend in the second quarter of calendar year 2017."

[atlantic57] 14/1/2017 12:18

I see thanks,then I guess it is spring
Or summer.

[gateside] 14/1/2017 11:47

Don't think a date has been announced yet.

[atlantic57] 14/1/2017 10:17

Is there any indication of the date that
National Grid will make the special payment to shareholders in respect of the
Sale of their interest in the us business
Thanks