National Grid Share Discussion Threads

[trader2] 23/1/2018 09:06

NG. play things so very carefully with OFGEM and the Gvmnt - and they seem (to me) to mostly concede. Might this be a time to take a stance and tell OFGEM where they can stick their connector?

[contango1] 23/1/2018 08:56

thecroots
Looks like you misread srpactive's post!

[jonwig] 23/1/2018 08:46

FT makes it a bit clearer, I think:

The UK energy regulator faces a confrontation with National Grid over a major project to connect the Hinkley Point nuclear power station to the electricity network, with the FTSE 100 company suggesting that Ofgem’s proposals would make “sustainable investment in the UK energy sector” impossible.

Ofgem on Tuesday published the first results of a consultation on the project, which will require a grid upgrade costing around £800m.

The costs would be passed on to customers through energy bills over the following 25 years, but Ofgem proposed a structure for the project that it said could save consumers over £100m by limiting the returns available to National Grid.

Ofgem suggested said it is minded to use a so-called “competition proxy” approach through which it would set the revenues allowed to National Grid as if the project had been put out to tender.

However, National Grid complained that it was “very disappointed” with the paramaters Ofgem had proposed for such a “complex and major infrastructure project”.

The company said it had anticipated that the regulator could propose a lower range on cost of capital than under existing frameworks, but said:

We do not believe that the proposed ranges for cost of debt and cost of equity included in the consultation reflect either the actual cost of financing this project or the risk being taken for construction of this complex project.

We also believe that Ofgem has significantly overstimated the potential consumer savings in their consultation.

National Grid said it will attempt to “work constructively” with Ofgem in the coming weeks, but added that it “will also consider all other options available to us if we are not able to progress this satisfactorily”.

[thecroots] 23/1/2018 08:36

Srpactive

I have no idea why you post here. One minute you are looking at ng for a friend only, the next you are adding "aggressively " all at the same time you appear to be calling this down.

Just to be clear, with this market cap there is no influence whatsoever with what is written on bulletin boards. Institutions and cityfolk control the direction of a FTSE 100 company, no one else.

Truly, I have no idea.

[trader2] 23/1/2018 08:22

Just how do you have a Tender if you don't have a Tender?

[jonwig] 23/1/2018 08:17

Spooked by Ofgem? I'm not clued-up enough to guess how things will develop from here, but it reads as though it's not the last word.

[srpactive] 23/1/2018 08:15

c /gc

As already mentioned only here due to being
asked by a friend.

[garycook] 23/1/2018 08:10

srp,Yes 730p for a 6% plus yield.I will reinvest at that level.

[coxsmn] 23/1/2018 08:07

Srp, looking to get a bargain?

[srpactive] 23/1/2018 08:05

Well there is the 816p, dyor.

[jonwig] 23/1/2018 06:41

wskill - hive off the US assets into a separate company, nationalise the UK ones.

warranty - keep an eye on Haringey Council where Momentum appears to have control. Remember Militant and Derek Hatton in Liverpool in the 1980s.

[wskill] 22/1/2018 19:09

Cannot see how any government could nationalise the company when 70% of the assets are in the USA.

[jonwig] 22/1/2018 18:46

warranty - the global society didn't exist then: these days you have international holders of gilts who would refuse to lend, holders of sterling who would sell (how low do you want it to go?), and the rich leaving en masse rather than be taxed. Harold Wilson could impose currency controls, we can't now.

I suppose there are countries which have experienced this: Cuba, Venezuela, North Korea. Is that what the British voters would accept once they saw the reality?

[warranty] 22/1/2018 18:20

I'm not convinced of the costs being bandied about for Labour to re-nationalise the energy, transport and water companies. Given the seemingly enormous public support for it, a Labour government, assuming the right majority in Parliament can effectively bring in laws to ensure they don't. Remember Manny Shinwell and the Labour Government after the last war nationalising the coal mines, robbing the landowners of their historic assets, bankrupting them in the process and leading to the destruction of many of our stately homes. Add in the debacle over Carrillion and the other Infastructure companies plus the still festering anger with bankers and company managers being paid ridiculous sums for failure and it's completely understandable, whilst the homeless increase and genuine public sector workers like NHS workers visit food banks to make ends meet. If the Tories don't address it quickly, the nightmare and unlikely prospect of a Marx brothers government and the resulting damage could actually happen.

[srpactive] 22/1/2018 16:30

T

No problem if you disagree, most
investors are far more intelligent than me
which I also accept.

[thecroots] 22/1/2018 16:19

Srpactive,

You can't use charts with this stock. Its completely dependent in part on whether the marker turns defensive and to some degree, the strength of the dollar.

Looking at charts for this stock is purely insight

[arf dysg] 22/1/2018 14:03

Someone mentioned quality to Karl Marx, and he replied, "Quantity has a quality all of its own."

[srpactive] 22/1/2018 13:15

U

If 816p holds if tested they could be correct, lets
hope so.

RE JC and JM, they are far from clowns, their movement
has got to where it is certainly not by chance,
not that I support it, just very scared of it, dyor.

[utyinv] 22/1/2018 11:41

Thks Newbank for correcting the spelling of Marx as in the Marx Bros😂. I would like this term to be used constantly and hope it goes viral. After all, McDonnell has admitted to being a Marxist so it is not derogatory! Maybe if Corbyn and McDonnell are addressed by what they are, the Marx Bros, a connotation of being a pair of (political) comedy idiots, people will start to realise what they are about.

BTW Morgan have just issued an Overweight rating on NG with a target price of £11.00👍;

[newbank] 22/1/2018 11:29

skill,

Marx Bros....

[wskill] 22/1/2018 10:24

If you hold in sipp or isa 15 percent tax charge applies no custody fees with aj bell
Still better than letting the marks brothers getting their hands on our cash.

[ianood] 22/1/2018 08:21

jonwig - Custody fees are significantly higher holding costs too. Back to the drawing board

[jonwig] 22/1/2018 06:34

ianood - I think the only difference with ADRs is that you'd pay extra US withholding tax on divis.

Spacecake - a few shareholders would be in that position, and I guess a dual listing is possible.

[spacecake] 21/1/2018 22:48

Sorry if this has been asked, but if the company is split and the US part listed in the US will uk holder get the option of holding US stock and if so what happens if my broker does not allow overseas holdings ?

Thanks