National Grid Share Discussion Threads

[septimus quaid] 24/1/2018 18:55

Daft laddie question: is the opening price in London based on the previous London closing price or NYSE closing price (with $/£ conversion)?

[warranty] 24/1/2018 18:55

Don't try to catch a falling knife. How many times do we ignore this and suffer? Why risk it instead of waiting until there is positive news and a sustained rise. I mean, it's not going to boom overnight so plenty of time to get in when it does inevitably turn.

[srpactive] 24/1/2018 18:53

C

Yes it appears the defensive stocks are getting moved down,
maybe for a buying spree soon.

[1squintyflinty] 24/1/2018 18:41

The American arm of National Grid is worth approx current share price leaving
this side of the pond in for NOTHING.Will average down tomorrow.

[coxsmn] 24/1/2018 18:29

It's got silly here.

[utyinv] 24/1/2018 16:32

Morgan Stanley reiterates overweight on 22nd Jan with a Price Target of £11.00

Today JP Morgan Cazenove reiterates overweight with a price target of £10.40

Shorts in the US are closing, no shorts reported on the LSE disclosure List, yet the shares are constantly falling.

The Dow is surging to dangerous levels reminiscent of the dot com bubble yet fundamentals haven't changed. The Markets are not showing any logic IMV

[careful] 23/1/2018 13:36

Employees and unions always support the idea of nationalisation.
They think it means job security, shorter hours, better pensions.
All underwritten by the taxpayer.

No more CLLN type disasters.
They could employ twice many staff, take twice as long, massive cost overruns yet still keep coining it in.
Thanks to HMG and the taxpayer.
total job security for life they think.

[newbank] 23/1/2018 13:27

Ironic state of affairs.

I am in constant contact with those who work in the industry and I was surprised to learn that there are quite a few, especially Union Reps that support the idea of Corbyn Nationalising the Company.

This is ironic as they are the first to participate in sharesaves and SIP share options. They let the share options mature in the share saves, take the shares and flog them. No long term loyalty and no, they don't need the money (if you knew them ).

Maybe the Company has changed dramatically recently. Under the last labour Government, under Blair and Brown everyone at the Company was behind the Company and enjoyed the benefits. Not so now since the Marx Bros have come to town, the REPs believe that their position and standing within the Company will be enhanced, delusion of grandeur?

Maybe the Company ought to operate as a real Private Company and pay all workers based on share price performance? As the price rises they get a corresponding pay rise if the share falls they get a corresponding pay cut. Maybe then the REPs would be up in arms against their Marxist Bros and 'Lobby' to allow the Company to flourish.

Most private Companies are allowing Staff to participate in being stakeholders, but stakeholders in reaping the rewards must also take a hit when the going gets rough. AIMO.

[newbank] 23/1/2018 13:13

I will be interested in the views of some original posters on this thread like m100?

[careful] 23/1/2018 13:10

I am holding here.
I like the idea of the US assets being worth more than todays market cap.
But that is not logical. Why does the share price not reflect this?

[wskill] 23/1/2018 13:02

Whatever the Labour Party do if they ever manage to win an election will not matter to ng shareholders as the value of the USA ipo will be above today's market cap.

[careful] 23/1/2018 12:35

The Corbyn threat is real and misunderstood.
The billions these utilities would cost would be a bargain.
Even the possibility of nationalisation would send the share prices much lower.

The labour government could borrow money at reasonable rates and purchase valuable companies at a fraction of their true value.
These are not lame duck nationalisations, these are strong well run businesses.

It would be a great purchase for HMG. Matching the traditions of Empire, we purchased the Suez Canal from a crooked king, BP was formed by acquiring middle eastern oil assets at low prices. The list is endless.

Maybe the new looney labour would run them just as well. CEO max salary £150k, same as the prime minister.
What about talent...we do not have that now, £150k is enough.
Beware new loony left labour could be the shape of things to come.
Forget their past mistakes. That have learned.
Underate at your peril.

[1carus] 23/1/2018 12:24

wskill .... tending to agree with you.
Bought a chunk --- it also averages down my price on my existing shares!

[wskill] 23/1/2018 12:14

I bought ng on the basis that they will have to float off the USA arm ,which will have a value above today's market cap,in the meantime a yield of 6% whilst we wait if you can find better value In the U.K. Market today I would be surprised

[andyj] 23/1/2018 12:12

The problem is it depends how socialist they wanted to be. Or their shadowy driving force, Momentum. The socialist country I live in is quite happy to take anything under government control.

[1carus] 23/1/2018 12:06

Tempted to buy at these levels. This is just wrong for so many reasons. Market cap is currently at 27B and Debt will be at close to 3B in 2021. The value could well fall further by then -say 20B. If Corbyn wants it he is going to have to still find 20B at least from somewhere. I think he will have to give a cash as well as bond option else I can see massive court issues - Under EU law it is illegal for a state to take personal assets without fair compensation, not that we would be under EU law by then but likely to have 'adopted' that set of laws. The likelihood seems that the company will split the USA activities out which will definetely find true market value.
The share has lost £3-£4 since the earlier highs, that's nearly 40% of its current value I would not be surprised if the foreign part of the company's dealings was worth £8 in real terms if removed from the threat of the chuckle, sorry, Marx Bros.
However, as a long term investor it's all very frustrating, I just hope that people wake up to and smell the coffee as investments and pensions are going to take a hammering if that duo get hold of the reigns .

[wskill] 23/1/2018 12:02

A good play by ng. Why not put it out for tender they can get the best deal for the consumer and ng.can make a reasonable margin ,with the cost to consumers for Hinckley at an unbelievable level already what is being saved by giving ng.a loss making contract will be a drop in the ocean.

[thecroots] 23/1/2018 11:46

I'm lost db? Why wouldnt I like your answer?

[jonwig] 23/1/2018 11:33

I think a "minded to" statement is rather like an opening bid: discussion welcome. And a simulated tender is a bit weird when no other bidders could even appear.

[db125] 23/1/2018 11:32

Does NG have an obligation to take any contract on OFGEM's terms? Presumably NG
would be reluctant to lose control of part of the grid.

[db125] 23/1/2018 11:25

"so why did he delete his comment"
I doubt you would like my answer to that:)

[warranty] 23/1/2018 11:16

Trader2, I agree the time has come to tell Ofgem to do one. I think the assumption that NG. Would just accept such a derisory offer on a very complicated and risky contract probably sums Ofgem up perfectly. Either discuss a deal with NG directly to arrive at a reasonable cost or put it out to tender and see what you get but unlike with Carrillion make sure whoever wins can actually do the job properly and within budget.

[srpactive] 23/1/2018 10:49

T

Yes I did come on here to look for a friend, you are wrong,
I did not mention the word 'here' as I am not.
No comment on any BB makes a difference, it is what is happening
with the company or the political environment.