National Grid Share Discussion Threads

[bountyhunter] 15/1/2018 13:26

I think Skynews fooled half the country this morning with that one! ;-)

[utyinv] 15/1/2018 13:15

Yes Arf,

As ianood correctly points out, it’s a different Philip Green.

Maybe it’s not a name to trust😂

[ianood] 15/1/2018 12:48

Different Philip Green

[arf dysg] 15/1/2018 12:12

I note the name Philip Green attached to Carrilion.

He was the one who was in charge of BHS when its pension fund mysteriously went from a surplus to about £500m in deficit.

Taking a wild flying guess, I imagine that Philip Green's tenure at Carillion has been well rewarded, in contrast to the present shareholders of Carillion.

[db125] 15/1/2018 11:23

As they say "you can't buck the market" Eighteen months ago what sane person would see Trump as President and the Dow at 26000 or NG down 28% with momentum and RSI on the floor while the company buys back 2m shares every day! Inevitably it will change but who knows when?

[utyinv] 15/1/2018 09:33

The same trend is reoccurring every day. For it to be so consistent I am convinced the Computers are programmed to follow the trend irrespective of any good news.

Falls at 08:30 then tries to recover but at 09:30 it is dumped.

When will the trend be of the upward type?

[contango1] 15/1/2018 08:18

STur7672
As well as the £835 million share buyback the board is committed to "actively manage" the "excess dilution" of shares resulting from the dividend script issues, whatever that means! The board has approval to purchase up to 334m shares in this financial year, at present there are 258m shares held in treasury, leaving a possible buy-back of up to 76m which is possibly the reason for db125's figure of 84m of a few days ago (purchases running at 2m/day),

[bountyhunter] 15/1/2018 08:07

according to sky news UK government to fund ongoing CLLN major projects

[bountyhunter] 15/1/2018 07:45

UI - yes I remember. Fortunately we seem to have at least a partial insurance policy re UK political risks in NGs US interests.

re CLLN it looks like the end game now, ie entering compulsory liquidation

[stur7672] 14/1/2018 21:56

Db125,Re: £835 million share buyback Tranche 1 - £425 millionNo of shares bought back 44,039,488 at a cost of £421,346,014.Tranche 2 - £410 millionNo of shares bought back at 12.01.18 45,360,827 at a cost £398,181,976.Total to date - shares bought back to Friday 12th January 2018 - 89,400,315 ( assuming I have set my spreadsheet up correctly) I reckon funds available for further 800,000 assuming similar fees for tranche 1)

[utyinv] 14/1/2018 21:06

Bounty,

ref 5645,

If you recall I posted a while back that Trump's tax rate reform will help NG...:)


In the Long run, hopefully, the strategy to focus on investing in the US may pay dividends (excuse the pun).

If punitive regulation and political uncertainty makes business in the UK difficult then it makes sense to adopt the philosophy taken by the 'Board'.

National Grid has always played fair with Customers and bears no resemblance to some of the antics the big Six retailers have undertaken for many years. But if NG are indiscriminately dragged into the political crossfire then it makes sense to do what they are doing. :)

[bountyhunter] 14/1/2018 20:09

re CLLN looks like talks may have failed...

Carillion on the brink as UK government prepares for firm's collapse
Administrators drafted in prompting fears for 43,000 jobs, major projects and crucial public services as last-ditch talks end without deal

[wskill] 14/1/2018 17:26

The company informs that the buyback will conclude in April 2018.

[stur7672] 14/1/2018 16:21

The conclusion of the £835 million share buyback should be completed early this week - l think enough funds for circa 800,000 shares assuming similar fees to phase 1. I wonder what will happen to the share price then?

[bountyhunter] 14/1/2018 10:26

latest on Carillon



aside from debt part of the problem appears to be the state of the defined benefit pension scheme which has ~28.5k members

[bountyhunter] 14/1/2018 09:55

in the US...

Citing new tax law, National Grid seeks lower rate increase

[gswredland] 14/1/2018 09:48

Around three year lows with good dividend - only just looked at this

[justsaying14] 14/1/2018 00:47

Ref; Carillon, it brings the old chestnut of Labour’s privatisation argument in the public domain again. Plus NG’s buy back until early May... all hitting SP

[abbotslynn] 13/1/2018 20:41

Electric cars will drive NG much much higher.
Add while we can.

[bountyhunter] 13/1/2018 20:06

re clln a debt for equity swap is often the way the banks deal with this type of situation if not too far gone; shareholders left with next to nothing of course but clln are penny shares already

[db125] 13/1/2018 20:00

Can anyone enlighten me on how far through the share buy-back programme has gone. My
guesstimate is 75m shares since July 17 with a potential 84m future purchases.
Risking the wroth of "prewar", a limited number of FT articles can be read for free if you register with an email address. Some thoroughly unscrupulous characters have been known to have more than one email!

[coxsmn] 13/1/2018 19:45

If the Government bails Carillion out, where will it find the money while it is trying to bale out the NHS?
HSBC, Santander, Lloyds, RBS and Barclays will all want the Govt to bail them out! It's like the financial crisis of 10 years ago. With this in mind along with and the eye watering Uk debt pile then finding vast sums of monies to nationalise the utilities would remain an ambition for any future government. This is a good time to be buying defensive stocks such as NG. All imho.

Dyor as always.

[utyinv] 13/1/2018 19:14

Bounty,

Clln, I believe overstretched themselves in the manic to get contracts in the shadows of Brexit and the woes or negative sentiment that it brought. They tried to secure some juicy contracts in the Arab States just before it’s demise but it was too late.

CLLN was the heaviest Stock shorted on the LSE for some time before its fall from grace and when they issued a Profit Warning.

We now have to see what is the state of any of the Projects that CLLN were working on for NG. Whether money was paid up front and whether under Gov Control they would be able to complete the work. If not then it could be expensive in terms of delay and the cost of a new contract to complete any unfinished work. AIMO