National Grid Share Discussion Threads

[f880gna] 27/6/2017 18:17

Theresa May is the one with the classic Soviet economic interventionist policy of capping energy prices. Not to mention her generally Stalinist election campaign, much good did it do her.

[utyinv] 26/6/2017 23:03

Unfortunately its not cool or trendy to be seen as a Conservative voter. Its like the case of wearing a fashionable pair of shoes that don't fit well. For the sake of fashion you tolerate discomfort, until you grow up and wear something that is comfortable and suits you best. You then are not bothered so much about fashion but what is classic and right for you.

[ringer12] 26/6/2017 21:59

UTYINV. I see Corbyn and Macdonnell were in their element down in Glastonbury.

It would be interesting to know what percentage of the crowd that go to Glastonbury
would actually be Labour supporters. They must have some spare cash to attend all these raves that take place.

[utyinv] 26/6/2017 21:36

vip,

I too remember DH. The Unions thought they would get everything they asked for and when they didn't they too turned on him with strikes here there and everywhere.

Porters shutting down hospitals, rubbish stacking up in rat infested streets and dead bodies waiting to be buried because Council Grave diggers were on Strike.

It may never happen and may just remain a nightmare!

[utyinv] 26/6/2017 20:57

VNP,

Absolutely right but they have got to get in first.

If the unthinkable happened do you think the affluent Labour politician would allow MacDonnell a free reign? The irony of it all is even those Labour Politicians (who are A Licking Corbyn because they think they have a chance of being in Government) will want to protect their wealth too.

IMO the Left Wing are hypocrites especially the power crazy, wealth grabbing Union Mafia

[veryniceperson] 26/6/2017 20:42

With Labour's spending plans, there money tree will be our purses, wallets and tax allowances. Especially those that invest in the stock market.

[utyinv] 26/6/2017 20:40

ringer12,

Markets make no logic at the moment! There are commercial retail outlets whose stocks are doing nicely (or better than expected) but wait till inflation hits the pockets of Joe Public who is currently sticking his/her head in the sand. When money becomes tight luxuries will be cut back but Energy, especially in a cold country as ours, is always in demand. Reality will eventually win through! That is if Corbyn doesn't get his wish.

However, just watched Mellon on the current state of the economy and he believes that Corbynistic mania is at its peak now and believes it will dwain with little chance that Corbyn will get the keys to No10 let alone the far left Marxist MacDonnell in No11.

T May will eventually go and Davis is looking likely to take over. Whom despite being a brexiter has got a good working relationship with the Eurocrats in Brussels. Who knows the current Leftie Student by the next GE is likely to be earning. Its amazing how quickly when people start working in a profession and start earning / accumulating wealth, they change, defend capitalism and dump Marxism :)

[ringer12] 26/6/2017 18:01

How does Advfn financials arrive at a PE of 4.85 for NG and the share price going nowhere?

[bountyhunter] 26/6/2017 12:12

not to mention junk bonds!

[utyinv] 26/6/2017 12:01

Willoic,

Company is smaller due to the Part sale of Distn Gas business, but the share consolidation plus the share but back should have made it neutral ie, less shares in circ.

Also the Gas Distn business is a very Labour intensive low reward part of the business which will become someone else's responsibility so to speak. So without digging out figures etc (which I have done previously), when the City wakes up to what NG has done, it should favour the share price notwithstanding any ongoing political issues, ie Brexit or Marxist ideologies to re-nationalise.

Someone also mentioned on another thread that the future is looking far more bleak than one can imagine if Corbyn gets into No10. Especially as there are rumours that to pay for the give-aways, back door stealth taxes will be quickly introduced like abolishing or reducing the amount you can hold in ISAs. May only be rumours now but I wouldn't be at all surprised if there was ever a future Labour Gov that they started tinkering with it.....who knows?

[utyinv] 26/6/2017 00:39

Prewar, Think I have already explained sorry, jet lagged. Lets say (briefly) if my main targets or my Team's targets were not achieved we wouldn't get a pay rise never mind a bonus as well. JP is also embarrassed about the share price. Let's hope for some good news and a share price that starts moving in the right direction, ie, upwards 😉

[prewar] 25/6/2017 20:32

I should imagine the Board have been awarded PRP because they are due it. I doubt the award is based upon the share price mvmt from 23rd June from one year to another but happy to be proved wrong, please post details as to why any remuneration award isn't warranted.

The last 12 months have seen many factors impacting on the mkt, highly volatile bond yields, rotation out of utilities into Banks and Miners, weakening of GBP vs USD to name but three.

What should the share price of NG be now taking into all these factors? Can you post your calculations so that anybody can critique the logic please.

[utyinv] 25/6/2017 18:40

Also, don't forget I have the opportunity to speak with JP not too long ago and even he is frustrated that the share price is not £13+ having languished for many years at £9 -£10+. I replied it was the responsibility of the CEO to make that happen, and he agreed, but because of the crazy markets it hasn't. So with all due respect why have the Board been awarded performance related pay?

[utyinv] 25/6/2017 18:34

Prewar et al,

Maybe I should explain my references. £9.16 + 84p= £10. July 2016 price £11.40 ish. Now we know about Trump and inflation etc etc Point I am making is Directors remuneration is and should be linked to Shareholder Value and hence Share Growth.

Bonuses and pay at NG is Always based on performance and continued growth. So this should be the same for Directors. A CEO's main performance target, which justifies an increased pay rise and performance related remuneration is linked to the share price and shareholder value. It's just not acceptable to keep the lights on, so to speak. That is done by the many highly skilled professional Engineers:the share price and shareholder value is the domain of the CEO and his Board in setting out and following a strategy to enhance growth and shareholder value.

My point was just responding to the highlighted generous remuneration package which appears to be paid without any real achievement to justify IMO.

[prewar] 25/6/2017 17:18

Uty please explain your persistence with quoting price pre-consolidation. Totally irrelevent, yes long term holders have fewer shares, they also have a special dividend.

Share prices don't go up in a straight line, not sure it's particularly useful to compare to the post-Brexit peak of £11.34, maybe you can also quote the 52 week low price which we are now above?

[atlantic57] 25/6/2017 16:53

Uty I believe that ng is good investment given the current Economic circumstances.
However if we are still regarded primarily as a defecto Bond then rising interest rates should hurt us logically.

[willoicc] 25/6/2017 16:15

It is not correct to compare post-consolidation price with pre-consolidation price without adding back the amount of cash distributed to shareholders as part of the consolidation.

The whole company is worth less because of the £ billions returned to shareholders.

[utyinv] 23/6/2017 23:14

Atlantic57,

Absolutely that is why when the referendum voted for Brexit and the pound fell NG went up to £11.35. But then when Trump came along and promised infrastructure mega build this then worried analysts that inflation would rise dramatically as a result and NG fell. NG is perceived as being similar to Bonds and as interest rates rise Bonds fall. However, as you quite rightly said NG should benefit from infrastructure build but markets don't always follow logic especially during crazy times.

[atlantic57] 23/6/2017 20:31

uty if 50%of the business is in the us then is it reasonbale to suggest that a strong dollar will benefit the business.

Trumps infra structure plans will be an added bonus

[utyinv] 23/6/2017 19:44

One thing that bugs a lot of shareholders is why have the Directors been awarded pay rises and bonuses when the share price in reality (price of share before consolidation, price /12x11) is only £9.16 / share and last year the price was £11.34. Surely a Directors remuneration is linked to the performance of the growth in share price? Questions need to be raised!

[utyinv] 23/6/2017 19:36

Ringer12,

If Nationalized it may only be the UK business as 50% is in the US. But in answer to your question if it's Nationalized Director jobs will go and / or changed so they would all qualify for Enhanced severance payments and pension. Even if their job remains in the Nationalized sector the Director could argue that his/her job as it was no longer exists. Then they will qualify for severance which incorporates no abatement on their pension. BTW Directors pensions are different from the rest, as a Director in the Final Salary Scheme he/she only has to contribute 20 years to get the max pension, whilst normal workers have to work 40years.

So in the case of Nationalization they will do nicely thank you! Non exec directors are different though. However, most of the Directors are at an age where their pensions will already be substantial.

[ringer12] 23/6/2017 19:09

At last the directors seem to be doing nicely with their share awards or have I got it wrong.

What happens in the case of nationalization do the directore retain their jobs
with a pay rise?