National Grid Share Discussion Threads

[srpactive] 18/1/2018 15:34

U

I feel the market will now take this closer to 800p,
they would be best to spin into two companies
so the US part can be valued accordingly higher without
the LP worry, as already said here, dyor.

[wskill] 18/1/2018 12:56

Understand the marks brothers threats but with ng.they can do nothing about nationalising American utilities which in essence this company is .
Bought a few more today .
Even with a rise in interest rates over the next few years management have got this covered ,profit will still grow as it has in the past years when interest rates were much higher.

[action] 18/1/2018 11:51

16 Jan '18 - 11:58 - 5668 of 5681
0 3 0
FWIW

Questor: National Grid is turning to America to avoid political risk and now looks cheap.

And down it goes. It happened With RRS as well.

[wskill] 18/1/2018 10:10

Strange that 70 per cent or so is USA based after these new rate filings which is some cases have not been changed for 10 years.
Also the gas pipeline business will probably have the sell option exercised.
For a company with only 30 percent UK based this fall seems well overdone .
I am building a nice position for my isa and sipp as require a steady stream of income which NG. Will provide .

[utyinv] 18/1/2018 09:04

When NG went ex divi for a divi of 15.49p the share price fell 30p, SSE has gone ex divi today for a divi of 28p you would expect a fall of 50p+ it’s down 10p at time of writing this post.

SSE is in the front line of the price cap and is also under the threat of nationalisation if Labour get into power in 2022.

NG is definitely being played down by some unscrupulous traders IMO

[utyinv] 18/1/2018 01:23

HL has Citi quoting £10.08. However, I much prefer philanderer’s web quote. Here’s hoping🤞

[philanderer] 17/1/2018 20:51

Newbank, I picked it up here...

[newbank] 17/1/2018 19:32

Philanderer,

I thought the TP issued today was 1,008p????

[philanderer] 17/1/2018 17:47

National Grid plc: Citigroup reiterates buy with a target price of 1,089p

[bountyhunter] 17/1/2018 12:14

ISA Investors' Favourite Stocks: Oil and Utilities



(just noticed a bit dated but still relevant I think)

[jonwig] 17/1/2018 06:55

warren - now that was interesting, thank you!

I'm no chartist, I'm a fundamentalist who's looking whether to buy this, and I don't do what you suggest: "... you're looking at the Management of the business, or the next big order, and expecting that to make a difference."

Instead I'm looking at cashflows and the balance sheet. Accountancy may have changed its presentation rules over the years, but the basic principles apply. I'm also looking at politics: a regulated business is always a bit too close to government whim, and in this case a possible change of government must cast a shadow.

On your later point, clearly the relentless rise in equity markets isn't chasing value and, as you yourself say, what the hell is causing it?

[warren_w] 17/1/2018 05:26

Personally, I can't see LSE:NG going Upwards any time soon.

About 90 years ago W.D. Gann documented the type of formation that LSE:NG created with it's 2 Tops in 2016 & 2017. Some people say that Gann doesn't work in the 21st Century. However, that same analysis worked prior to the Tech Wreck that Bottomed in 2003, and the GFC, that Bottomed in 2009.

If you're a Fundamental Analyst, you're looking at the Management of the business, or the next big order, and expecting that to make a difference.

If you're a Technical Analyst, you're claiming there is Support at a certain Price, just because it spent some Time there at at some point(s) in the past.

If you're an Elliott Wave fan, you're desperately trying to count waves, even though you keep revising the Count.

If you're a Day Trader, you're looking at the Market Depth to see where all the Orders are, which somehow disappear when Price gets to them, and Price just keeps Advancing/Falling.


Has anyone every thought that Support might actually be a line that Rises from Left to Right, rather than being Horizontal?
- If you paid 10 for Stock XYZ 10 years ago, are you really saying that it is now STILL only worth paying $10 for (If it ever gets back to there)?
- Why do you think that might be?

If you are a believer in Horizontal Support, then what 'Value' has your Favourite Management Team added over those 10 long years? Or, has all that 'Value' been 'gutted' by your Favourite Management Team, when they paid you all those Dividends?

When do you expect to pay the SAME price for a Meat Pie, as you paid in 1990, 2000, or 2010?


Now, have a look at what's presented here...
-

Look at all those 'Indicators'! Has anyone actually Tested them, to see what proportion of the Time they lead to a Trading/Ownership Profit, versus a Loss.

There are Rising & Falling Momentum, and Crossing MACD lines. The 50-Day, 100-Day & 200-Day Moving Averages are all pointing Down. And, most people in this thread are asking when LSE:NG will be going Up!?!?!


How many of you Fundamental Analysts have read all 6 Editions of 'Security Analysis'. They are NOT the same - They are an on-going commentary, and feedback on how they went in the Previous Edition.

One effectively said: 'What do we know? We told you to close your Long positions, but the market just kept going Up!'

While those guys certainly know how to FIND 'Value', they have NO idea whether that Value will get 'better' tomorrow. And, as they proved, they expect that Global Markets go Up & Down, based on Value. Clearly, they got that wrong!!!


So, if Markets appear to IGNORE Value, and Graham & Dodd can't pick a Top/Bottom, then what DOES cause Markets to go Up & Down?

[bountyhunter] 16/1/2018 19:12

cheers ln - to make that link clickable:

[loopeyneuro] 16/1/2018 18:40

hxxps://investomania.co.uk/2018/01/5-dividend-shares-i-need-buy-today-centrica-plc-aviva-plc-astrazeneca-plc-national-grid-plc-british-american-tobacco-plc/

National Grid’s 5.6% dividend yield is high compared to its historic norm. Some of this could be due to bullish investors choosing to buy cyclicals over defensives. This trend may continue in the short run but in the long I feel defensive stocks could offer high total returns. National Grid is seeking to raise dividends at a similar pace to inflation in future and this could tempt income investors to buy it.

[tim 3] 16/1/2018 13:54

Agree the fall looks overdone have bought a few.

[philanderer] 16/1/2018 11:58

FWIW

Questor: National Grid is turning to America to avoid political risk and now looks cheap

[septimus quaid] 16/1/2018 08:09

I think the issue is, with “bond-likeR21; companies such as NG. and SSE, is that “a bit of good news” will never arrive, but neither will “a bit of bad news”.

Both companies are conservatively well run, within a highly regulated framework environment (both UK and US).

Unusually though, the country now faces the threat of a dangerous, Marxist Labour government, which can only lead to destabilisation and uncertainty (so, for now anyway, these companies are not acting bond-like at all).

[tim 3] 15/1/2018 23:31

SSE has very strong chart support at 13, NG has good support just above 8 ,think both could be near their lows.

Just need a bit of good news.

Watching with interest.

[coxsmn] 15/1/2018 20:49

Rivals circle Carillion for contracts

"Another major builder said Carillion’s work with National Grid — designing and maintaining high-voltage power lines — could also be attractive."



Dyor.

[stur7672] 15/1/2018 18:48

Contango1, I reckon there will now be a buyback of 21,715,739 shares to manage the dilution from the shares issued to shareholders who elected to take part in Dividend Reinvestment programme for the last 2 dividends.

[utyinv] 15/1/2018 17:19

I would imagine SSE going up till Thurs when it goes ex-divi. Maybe that’s why SSE rose whilst NG fell. Maybe after Close on Weds investors might start looking at NG more favourably.

However, it doesn’t explain why NG fell prior to its own ex-divi date other than the political cloud around the blanket price cap subject. But if that is a reason why not effect SSE more as they are in direct firing line of a price cap?

[arf dysg] 15/1/2018 15:34

ianood, UytINV, bountyhunter

I heard it on BBC Radio 4, so maybe all news services had jumped to the same wrong conclusion.

Normally they don't mention the name of the chairman of a company, but Radio 4 mentioned his name without connecting it to anything else, so I assumed they were implying it was the other Philip Green.

Oops!

[newbank] 15/1/2018 14:42

US Markets closed today for Martin Luther King Jr day

[bountyhunter] 15/1/2018 13:26

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