National Grid Share Discussion Threads

[prewar] 31/10/2017 09:37

Ofgem state of the Energy markets report out

[action] 31/10/2017 08:04

Fed expected to increase rate in dec17 and 2 to 3 times in 2018.

[septimus quaid] 30/10/2017 19:11

Lazy journalism?

[mj19] 30/10/2017 18:58

Why bother saying thisNational Grid plc (LON:NG)'s stock had its "sell" rating reiterated by investment analysts at Deutsche Bank AG in a research note issued on Monday. They currently have a GBX 900 ($11.88) target price on the stock. Deutsche Bank AG's price target would indicate a potential downside of 1.85% from the stock's previous close.

[mj19] 30/10/2017 18:54

National Grid (LSE: NG) is, in my view, one of the best income stocks out there. The company has a highly defensive income stream that's growing with inflation and expansion overseas is helping earnings expansion. Even though shares in the utility have recently come under pressure due to concerns about the government's plans for the UK power industry, I believe there's no immediate threat to the firm's existence.

[pvb] 30/10/2017 16:48

Re privatisation, we all know it makes sense where there is effective competition, that isn't the case for regulated monopolies or where competition isn't working.

Rings a bell with me. Anyone got a comprehensive answer? i.e. NOT "Private is better. QED" ;-)

[septimus quaid] 30/10/2017 14:47

The present 220M shares sloshing around in treasury equate to 6% of total equity, generating £100M/yr in dividends.

[prewar] 30/10/2017 12:39

NG UK revenues more generally linked to RPI IIRC. This is running at nearer 4% (3.9%) than 3% currently.

[mj19] 30/10/2017 11:44

National Grid continues to have defensive appeal for long term investors like me. The company may see an improved share price performance if Brexit talks continue to disappoint and the outlook for the UK economy comes under pressure. National Grid has a 4.8% dividend yield as well as dividend growth potential. With inflation at 3%, this means it could be a good holding within my ISA.

[prewar] 28/10/2017 22:33

Thanks Uty.

You'll have to spell it out the logic behind your theorem, i'm clearly a bit too thick. I'll have a couple of guesses to see if we can bridge the gap....

1. Interim of 35% of total dividend is in someway inferior to splitting 50% to Interim and Final.

2. NG make more money in second part of any FY?

Re privatisation, we all know it makes sense where there is effective competition, that isn't the case for regulated monopolies or where competition isn't working. Happy to have a debate about why swapping govt debt for equity returns wouldn't generate lower prices for the many not for the few...... As Dave said we're all in this together right?

[utyinv] 28/10/2017 19:50

Good luck with your recent purchase, though for someone who supports Nationalisation and supports the policy to bring us back to the days of darkness, isn't buying shares a little hypocritical? BTW, I have worked in the Nationalised Industry before it was Privatised. Even Blair's Government admitted that Privatisation was good for consumers in that if it wasn't Privatised in 1990 energy prices would be far higher than what they are today.

Reason for my lack of response to your continuous request for 'theorem' is quite simple, it's in the post! Read it again and again until it sinks in.

Please stop trying to be antagonistic, if you post anything sensible, I along with others will hapily engage.

Again, political spectrums apart, good luck with your capitalistic purchase!

[prewar] 28/10/2017 15:19

Well I may regret it but have gone against the unexplained (as yet) theorem of UtyINV of "There not being much of an incentive to invest in NG after the Final xd date".

Picked up a few on Thursday at £9 so been lucky to date.

For the UK regulated businesses the current high levels of RPI should boost revenues as allowed returns are generally Real rather than nominal. Whilst interest rates are increasing again the cost of debt is factored into the allowed return so increased cost should be mitigated. The big downside risk is the increased pressure on the Energy sector in general by all sides of the political spectrum (it seems as though the Tories are adopting a lot of Labour policies of late). For NG this will IMO lead to a less favourable deal for RIIO T2, you only have to look at Ofgem's recent approach to Hinkley Point to see a high value example of this.

[mj19] 28/10/2017 09:27

Verition Fund Management LLC Invests $572,000 in National Grid Transco, PLC (NYSE:NGG) StockPosted by Sebastian Weber on Oct 27th, 2017 // No CommentsNational Grid Transco, PLC logoVerition Fund Management LLC purchased a new position in National Grid Transco, PLC (NYSE:NGG) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,098 shares of the utilities provider's stock, valued at approximately $572,000.

[mj19] 28/10/2017 09:27

National Grid plc's (NG) Overweight Rating Reaffirmed at JPMorgan Chase & Co.Posted by Anthony Sawyer on Oct 28th, 2017 // No Comments inShare National Grid plc logoJPMorgan Chase & Co. reissued their overweight rating on shares of National Grid plc (LON:NG) in a research note released on Thursday. JPMorgan Chase & Co. currently has a GBX 1,060 ($13.99) price objective on the stock.

[septimus quaid] 27/10/2017 21:51

I don't think NG pay their staff very well now (they once did, as a legacy from the nationalised industry days), more like adequately enough.

Certainly not for new starts.

Entitlement to the golden handcuffs DB pension disappeared about 15 years ago,

[pierre oreilly] 27/10/2017 18:51

Arf, I think ng escaped any focus in the report - if anything, it was all the green costs loaded onto bills which was the main target imv. NGs returns are already highly regulated (and generous) - they really are central ultimately in the defence of our country so have policies of paying their staff very well. They also implement almost all of the government's energy policies when they have them, so might as well be viewed as the civil servants they once were. i think we are safe when gifted people like Helm are asked to report on the industry.

[septimus quaid] 27/10/2017 15:18

The FT (hard copy) seems to be all over the Helm review.

Then again, the FT does seem to have morphed into a left wing, utility bashing outfit.

Faithfully quoting sections of the Helm review like it was reading excerpts from the bible.

[arf dysg] 27/10/2017 13:51

Pierre Oreilly (5256) "which bit of helm's report was bearish for ng.?"

It's more of a question of how it's read. If people read it to mean "energy prices are too high, ergo the government wants to do something about that" then they think it's bearish for energy-related companies.

[septimus quaid] 26/10/2017 16:09

According to today’s FT (market report):

“National Grid fell 2.2 per cent to 903.2p after the (Prof Helm) report recommended tackling excess returns with a shortened window between pricing reviews for the transmission and distribution groups”

[skinny] 26/10/2017 12:14

Long £10 pp. Perhaps a bit early.

[pierre oreilly] 26/10/2017 11:58

Good for keeping slim i suppose.


up or down? covered or uncovered? big or small?

[skinny] 26/10/2017 11:06

I've opened a S/B @900.60p.