National Grid Share Discussion Threads

[ringer12] 09/6/2017 15:21

Deutche bank downgrades NG on June 8th with target 950P!.

Perhaps assumed that Ng would be nationalized!

[bountyhunter] 09/6/2017 07:54

glad I didn't stay up all night - just heard one seat will not be declared until this afternoon at the earliest as it's so close and the tellers have been sent home exhausted! ...a hung parliament but not much chance of a labour coalition; more likely CON+DUP alliance to gain a majority - maybe not so bad for NG as privatisation not looking imminent and US earnings up in GBP terms with an even weaker pound?

[bountyhunter] 08/6/2017 22:17

...yes the exit poll supports your last statement UtyINV - too close to call!
The pound dropped 1.5% against the dollar when the exit poll results were announced.
Don't think I'll stay up late but maybe check things out at 7am just in case there is a result by then but we could still be unsure when the market opens at 8am tomorrow.
A hung parliament would be an uncertain situation and no doubt bad for the markets imho.

[utyinv] 08/6/2017 21:00

A lot of angry people full of the green eyed monster hate and envy, that just don't get it. You have to put something into life before you can take anything out.

I remember as a young man having to cross picket lines at the Power Station Entrance when the Miners were on strike in the 80's. I did what I believed was right to keep the lights on. These were the days before I went to GSM.

Here's hoping for a Conservative win, but too close to call with BBC and media bias.

[bountyhunter] 08/6/2017 20:20

...well I hope we do see the result before the next trade - that's not guaranteed as if it's close we may not know for sure but my guess is that the Tories will gain a slim majority much as they have now - anyone else fancy a wild guess!? ...must be before the exit poll result which I believe will be revealed shortly after 10pm!

[arf dysg] 08/6/2017 17:31

Oooooooooo, trading's over! The election result will appear before the next trade. I hope everyone's happy with their positions.

One has placed one's bets and all one can do is Wait And See.

[bountyhunter] 08/6/2017 16:24

it's a Corbyn slide, May be over tomorrow ;~/

[bigbertie] 08/6/2017 14:57

Surprised to see these sliding just now, final polls suggest Conservative lead will increase (as far as I can see). I've just bought some,,,,,,here's hoping!

edit - I mean Conservative majority will increase!

edit at 4.13pm - gone back up now, was it a flash crash?

[utyinv] 07/6/2017 13:02

Champion,

Did you receive any dividend in cheque form? If you did the New share certificate will be attached to the cheque.

[champian] 07/6/2017 12:11

Thanks Salvor,i hope my should arrive soon. I called registrar and the said the certificate were posted over week ago

[salvorhardin] 07/6/2017 12:07

champian - my share certificate arrived in yesterday's post (6th June). The date on the certificate was 22nd May.

The covering letter did not have a date on it. The letter contained a calculation which showed that the proceeds for the fractional share were paid with the dividend.

[champian] 07/6/2017 12:00

I have not received the new share certificate. can anyone let me know the date certificates were posted. thanks in advance

[gj2] 06/6/2017 22:54

UtyInv :

Concur with your post 4868.

I think I watched the same Sunday interview with Andrew Marr. In it, McBurger claimed that buying NG. was not a debt at all because the OBR had confirmed that "pound for pound" the purchase price would be recouped from the income from the "operational business" of NG. So NG.'s profits are now being double counted - being fully used to reduce customer's bills, then used again to pay back the government debt incurred buying NG. in the first place. Unbelievable. Since I work in that operational business, perhaps I'll have to work an 80 hour week ??

[utyinv] 06/6/2017 18:52

Mike I hope so, but with the increasing uncertainty about the election the price may fall further.

Have you not noticed the lack of clarity John MacDonnell and Corbyn have on the subject of how they are going to Nationalise NG?

The only saving grace is that 50% of the Company is not regulated by the UK regulator or Government i.e. US.

I heard John MacDonnell on Andrew Marr one Sunday Morning, weeks ago saying he will issue bonds to buy shares in National Grid and the profits that NG would generate would go to reduce energy bills. He then went onto say that instead of profits going to shareholders the people should benefit from it. Meaning he is robbing the existing shareholders to give to those that haven't risked any investment.

I say robbing because the bonds will be classed as junk bonds with no face value like GBP.

The likely outcome if they did get into power and then re-nationalised the NG; institutions will off-load to bank any value left. This will create a fall in share price spiralling to lows not seen for years as more and more Institutions cut their losses. Then when it's so low and NG looses its credit ratings to raise cash for CapEx or Opex the Government will step in offering to buy it back at a very low price but not with GBP's but with dodgy new Government Bonds.

What is annoying is the fact that Teresa May had a fantastic lead and instead of talking to the people through the media she instead chose to preach, spending time chasing the vote of the already converted. However, at times I can hardly blame her because the BBC on political debates have been so blatantly biased, allowing yobs to heckle and not allow the Conservatives to speak or they (Conservatives) are constantly interrupted by either the Host or other Politicians. It is far from a level playing field!

Must admit though, Labour, have played a blinder, going on TV and saying that the BBC and media were not giving Labour an equal voice in putting forward policies; MacDonnell even told Andrew Marr quote: Andrew, all we ask is that the media and the BBC stop being biased against the Labour Party". This then had allowed the BBC to continue unashamedly to practice Left Wing Broadcasting but with more vigour.

That is why the share price IMO is falling. Nothing to do with fundamentals but as the polls sway in favour of Labour and the SNP forming a coalition or government, the confidence in a Utility falls away.

The conservative Election campaign has been the worst I have ever witnessed and I remember some (though very young at the time) going back to Edward Heath days.

Let's only hope the Conservatives can win!

[mike24] 06/6/2017 13:16

back in at 10.26
buybacks should help price from here

[1carus] 06/6/2017 12:13

ianood: I guess you were referring to the outcome of the election, and probabilities being costed in to share prices.



My wife refers to stocks and shares as posh gambling - this week the world of William Hill and the stock market really do over lap.

The bookies are giving odds at 1/10 on a Tory win, so 10% return if you place a bet and win, zero of course if you don't.

The difference with shares is that the non positive outcome is generally not zero,so less risk. I guess my question is, which is best, a £100 punt at the bookies or £100 into a share that seems to have been recently devalued with the changing poll outcomes? It would be interesting to look at companies that have lost value seemingly on the outcome of electoral polling, particularly if the downside is already built in to the share price.

[1carus] 06/6/2017 11:53

I guess there are market factors, and as I said, for me it is a paper loss. It's just that you kinda think that the smart people would do things that that have a definitive positive outcome, else why bother. I accept that there are other market pressures.
I was actually fortunate in some ways as I was B&Bing shares into an isa on these. I couldn't get everything to spin around as well as I would have liked on my trading platform so ended up buying into the isa's with cash. The share price increased and I effectively made a profit when I sold my non isa shares on that differential. It wasn't my plan, just got lucky there. But ignoring that, it feels like at least a 5% loss as posted by others on this board.

[pierre oreilly] 06/6/2017 11:48

OK, i'll rephrase.

Not sure what you lot except Skinny are saying.

I'd say more or less opposite, that since the time the effective price of the shares consolidated away was fixed, 0% of the price moves were anything to do with the consolidation, and 100% market factors.

[skinny] 06/6/2017 11:41

No "but other utilities have fallen in a similar time frame."

[pierre oreilly] 06/6/2017 11:37

Not sure what you lot are saying. Are you saying the current price movements are solely to do with the consolidation and no other factors?

[redips2] 06/6/2017 11:31

"I'm with you 1carus. It feels like a Special Ripoff as opposed to a Special Dividend. I only hope the share price recovers following the share buyback but Friday could throw up lots of opportunities."

Ditto .

[pka3] 06/6/2017 10:41

I'm with you 1carus. It feels like a Special Ripoff as opposed to a Special Dividend. I only hope the share price recovers following the share buyback but Friday could throw up lots of opportunities.

[skinny] 06/6/2017 10:37

Icarus - I make it @£650 per 1000 shares - no consolation I know, but other utilities have fallen in a similar time frame.

[ianood] 06/6/2017 10:30

1carus - sorry, but the answer to the conundrum will all be clear come Friday.