National Grid Share Discussion Threads

[prewar] 11/7/2017 20:58

Sure lots of challenges to re-nationalisation but got to look at the bigger picture.

Government can borrow just as cheap if not cheaper than NG or other utilities so there's a saving on any geared element. When NG are targeting 13% equity returns and govt debt at say 3% that's worth a bit of effort surely?

I'm a simple soul so would try and run them independently of government interference, easier said than done I know but keep the best people and offer similar incentives rather than drag them down with incompetent civil servants.

Other than that for NG I might replace JP with Uty mainly to keep this BB happy, he'd have to change his tune on re-nationalisation first mind......

[redartbmud] 11/7/2017 12:03

Uty

As you say,it is far more complex than Comrades Corbyn and McDonnell makev out.
On the water front, which would be their first move, there is Pennon, Severn Trent and United Utilities that are quoted, plus 25 other non-quoted businesses. Lawyers and advisors fees would be huge. Bogged down for a long time in wrangling.

On the energy front the 'good ole' USA will not accept the UK government running part of it's energy network, especially under Trump.
Ween I looked last, only NG, Cna and Sse are UK quoted companies. E.on, EDF, npower and Scottish power are German, French or Spanish.
What about the smaller entrants to the UK market that have been set up under previous governments? They are meant to provide additional 'competition'.

The debt of the UK quoted 3 was £39.2748 billions and the market cap is another issue.

Happy times?

I sold one third of my Grid holding before the special dividend to avoid excessive tax implications. The rest is sheltered, and not such a big issue. I have not yet bought back.

[action] 11/7/2017 11:12

Is this going to hit 9.08 or 8.99 ? Anyone had resistance as per chart pls?

[bountyhunter] 11/7/2017 10:53

more shares repurchased, to be held in treasury...

[utyinv] 10/7/2017 22:09

Red,

You make some valid points. Item 4, brings with it a multitude of questions, ie, a lot of shareholders hold these shares to deliver income (many have the shares in ISAs but will ISAs remain?). The Bonds that are supposedly going to replace the shares, if Labour get the chance, may not pay the guaranteed RPI minimum that the Company promises its Investors in which case the question begs, will they be tradeable? Ie who will want to buy them?
What happens to the US business and the Interconnectors etc? There are a million and one hurdles to overcome which will be a nightmare for any Government to try and implement.
My guess and its only a guess, if it comes to pass maybe the shadow Government's intention will be watered down if they get into power and just take over the System Operator side of business. After all the SO/TO split is currently being worked on by a dedicated Project team. Once ring fenced easy to re-nationalise. After all that's how the CEGB was split up and Privatised in 1990.

[utyinv] 10/7/2017 21:29

NG ended up lower in the US, lower than the London close. JP and his Board are in for a hard time three weeks today.

[redartbmud] 09/7/2017 11:23

The nationalization debate, surrounding energy and water companies, is a topic that certainly has credible legs under a Labour government.
The overriding concern is the means by which it is effected, and the consequences of those actions.
1. Are the current markets competitive?
2. Do they offer the best options for the customer, both short and long term?
3. How would the government manage the transfer of ownership?
4. What would be the effect on the current owners - Private shareholders, Pension funds, Overseas investors?
5. How much would it add to the existing national debt burden and interest payments? - It is one thing to consider the current capital values of the business, but what about the existing balance sheet debt contained within each of the companies?
6. What would the effect be on the existing tax system - Income and Corporation?
7. What would be the effect on employees - would key staff move back into the private sector away from government interference?
8. How long would it take to effect, ad what would be the short term damage to the industries and he consumers during that period of time?

Just a short precis of the subject.
8. How would this impact on long term planning? - Governments are notoriously One Parliament affairs

[prewar] 09/7/2017 08:25

VNP post #5021

Must admit i'm a bit naughty in just ticking the box and not reading the Terms and Conditions in full but wasn't aware that being a right-wing slathering nutjob was obligatory?

Hard left? I've told you a million times not to exaggerate!

[ringer12] 08/7/2017 13:02

Looking at the Sp results yesterday for the utilities it looks like NG must be the first in line for possible nationalization!

Strange when you could build a case for NG to be the highest riser rather than the lowest.

Perhaps best not to apply any sense logic to market movements!

[m100] 07/7/2017 19:30

JP and his 'Board' will have a tough day on Mon 31st July.

and so they bloody well should!

unrelated but out today:

2017 Electricity Capacity Report

[utyinv] 07/7/2017 15:07

Skinny,

One step up two steps down. Still very unstable. Hopefully, some stability might start to set in soon otherwise JP and his 'Board' will have a tough day on Mon 31st July.

[skinny] 07/7/2017 11:45

Erm - I didn't realise this share was capable of going up!

[veryniceperson] 06/7/2017 23:45

UtyINV. That was put very nicely. Thanks. Anybody playing the stock market's, why vote for a hard left party?

[dr biotech] 06/7/2017 23:08

Corbyn has a connection with people that May doesn't. I don't like him, but I appreciate his human touch. I think also there is a tendency for right wing press (mail and express in particular) to always look back on browns poor policies wrt pensions and gold whilst forgetting the poor deals on privatisation and pension holidays that rarely get mentioned.

Whether this is causing the fall i a, not sure, I think with interest rates heading upwards gilt like stocks are bound to suffer. We are here for the divi not the growth

[prewar] 06/7/2017 21:21

Come on then Uty name the marxist policies from the recent Labour manifesto. You're not all talk are you......

[utyinv] 06/7/2017 17:54

With regard to the share price;-

I know the Directors sold shares from their allocation to pay tax liabilities.....but.....if these shares were regarded as oversold and of great value wouldn't the Directors pay the tax liabilities from other assets? Looking at how much was raised by each individual from the sale to pay the tax and knowing their salaries etc one would assume if they (who know more than us) were of the opinion the shares are at a bargain low wouldn't they pay the tax from other sources?

just a question based on an observation.

[utyinv] 06/7/2017 17:11

We might not need as much energy if Corbyn ever gets into power! Recession /Crisis you haven't see anything yet. Corbyn will give public sector workers pay rises, then the Private sector will want pay rises to maintain their standard of living. Then public sector will want more and then private sector wants more...Gov will use tax payers money for public sector workers and private Companies struggling to pay their workers will fold. There will then be Mortgage defaults and a spiral down into a recession.

Less factories,manufacturing, offices and homes mean less energy required.

[adejuk] 06/7/2017 16:57

feeling more confident about 9 - not that it matters. 2/3 yrs this is a no brainer providing the globe doesn't melt down, which it might. but we all need energy.

[mj19] 06/7/2017 12:56

Bank of America Corp DE lowered its stake in National Grid Transco, PLC (NYSE:NGG) by 12.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,491,135 shares of the utilities provider's stock after selling 343,559 shares during the period. Bank of America Corp DE owned about 0.33% of National Grid Transco, PLC worth $158,137,000 at the end of the most recent reporting period.

[suetballs] 06/7/2017 11:28

It's still going lower! I never thought we would get to these levels. Surely looking good value now?
Suet

[adejuk] 06/7/2017 11:28

i'm hoping for 9 but that may be a tad ambitious.
will wait for confirmed reversal