National Grid Share Discussion Threads

[skinny] 25/1/2018 16:14

I posted the chart showing the up trend line (bottom of a channel) for some time (ie posts 2962,3140,3215,4321)on the way up - I'm just postulating whether the down trend line will act as support or if (hopefully), the price will turn up before 720ish is hit.

[newbank] 25/1/2018 16:03

Skinny, what does the graph mean?
When does the black tram lines go in the ascending direction? Or are the tram lines just mirroring the trend after the event?

[cwa1] 25/1/2018 14:41

Afternoon All

Just put a little of my money where my mouth is and taken a few at 795. Fingers crossed and good fortune to all holders!

[arf dysg] 25/1/2018 13:54

This should take your minds off the share price.

They did WHAT to a camel?

hxxps://www.theregister.co.uk/2018/01/24/saudi_camels_disqualified_from_beauty_context_for_using_botox/

My humps, my humps, my lovely humps!

[careful] 25/1/2018 12:39

this is looking attractive for a contrarian.
Corbyn and his plans are non starters.
regulation may become more sensible.
unbelievable value in the utility sector.

[flemster] 25/1/2018 12:36

I am out on Stop Loss - likewise with UU. I wonder where the bottom is...

I would like to get back in - but unlikely to above 780p

[utyinv] 25/1/2018 12:09

Its time National Grid stopped trying to be too honest and accommodating to the regulator.

If the Current Government and whoever is the next Government, are all hell bent on putting the squeeze on National Grid then National Grid should take its 'TOTAL' investments elsewhere. After all, we are not communists and investment needs a return. If that return is not acceptable to the regulator or Government then OK lets invest where it is appreciated.

However, if by chance it did do and it went really well, say in the USA, and the shares rose exponentially to an equivalent of £20 / share I doubt it would get a mention on the BBC news as the BBC doesn't like any success story nor does it like a success story from a British Company.

If you compare ourselves with the Europeans (there is a definite culture difference, I know as I am European), the media on the European mainland promote good news and are pleased when their Companies are seen as world leaders. Those Companies are also promoted to the world as a beacon of excellence by their own Governments. Yet over here we appear to love to self destruct and run our businesses into the ground as if Capitalism is a dirty word.

That's why the Great in Great Britain is far from the name suggests.

[bountyhunter] 25/1/2018 12:06

Is that power cuts if Corbyn gets in and renationalises? ;)

[arf dysg] 25/1/2018 11:29

warranty (5788) This is like death by 1000 cuts!!


Only 804 cuts to go!

[1carus] 25/1/2018 10:51

Falling Knife syndrome did cross my mind when I bought some of these earlier in the week -- to be honest NG has been very disappointing since the share split thing last year. It is very rarely you can judge a buy at the bottom and a sell at the top, but buying and selling at what turns out at a reasonable price in your favour over your investment term is probably the best you can hope for. Happy to make 6% on these with little risk at these prices given the spin off value of the USA operation. Only time will tell I guess.

[jonwig] 25/1/2018 07:05

UltyNV - don't forget that being short NG. (or anything else) doesn't necessarily mean you expect its price to fall. The most common shorts are pairs trades: long A and short B if you expect A to outperform B.

Poor performance of NG. and other utilities might be part of the same thing: why hold these when they don't benefit from global growth? Sell them and buy cyclicals and growths.

There's also the threat of more regulation, and worse, at least in the UK.

[atlantic57] 25/1/2018 06:58

If the utilities are viewed as gilts that may be a driver .

[utyinv] 25/1/2018 00:06

As Newbank suggests, National Grid should tell Ofgem where to go. Let them allocate the project to another Carillion and watch the costs spiral whilst the company goes bust.

Then when the equipment is eventually built, at many times the proposed cost, if not of top quality design and build it will not be allowed to connect to the System. NG has the ultimate decision, as to whether any equipment that is to be connected meets the connection criteria and conforms to compliance and safety standards.

[utyinv] 24/1/2018 23:40

That explains a little part of it! As mentioned on earlier posts the NYSE Website gives data on the 'Short' Interest on all shares listed. Unfortunately, the data is published two weeks after the event. However, although it is history by the time it's published, it does give an indication of the trend, however slight.

Just published after the Dow closed today, on Friday 12th Jan the number of ADR Shorts increased by 11.4% to a total of 0.167% up from 0.15%. Previously, and constantly after the ex-divi date the number of ADR's being 'Shorted' were slowly being closed. However, on the 12th Jan they increased (did someone working for Ofgem leak the data that was to go into the report regarding Hinkley?).

The numbers are still very small but it does confirm as of the 12th Jan there was a slightly increasing trend.

Let's hope the data today has reduced, but we won't know that for another two weeks. The next data will take into account the date when Ofgem officially released the decision on the Hinkley project and how the Yanks perceived that situation.

[bountyhunter] 24/1/2018 22:53

just fear and uncertainty I think, combined with a change in the interest rate cycle damaging sentiment, but could be wrong

[atlantic57] 24/1/2018 22:49

I still don't get it.
There is little liklihood of a general election anytime soon.
Also Labour still have alot to do to win a majority and given their weakness in Scotland
this would be quite a task.

There may be other factors driving these utilities down..

[bountyhunter] 24/1/2018 22:39

SSE is in an even worse state - as you might expect given no foreign interests - a new 5 yr low there today now yielding 7%+ - at least it was just a new 4 year low here!
Trust lunch with Boris to have been a prize at that dinner - more ammo for Corbyn?! At least one of the other prizes was tea with Mark Carney (that's not much of a prize though) to add political balance although he is supossed to be politically independent but everyone can see that he is not!

[atlantic57] 24/1/2018 22:28

Well ng keeops falling and shows no sign of stopping.

[bountyhunter] 24/1/2018 20:12

UI - I heard that this time around earnings growth underpins the rise in the Dow with the prospective PE remaining sensible unlike in those dodgy dot-com boom and bust days when many of us got burnt.
It can't carry on for ever though so go away in May and come back on Labour Day may well be a sensible approach this year assuming the markets hold out until May!

[coxsmn] 24/1/2018 19:30

Pivot Point 1st Support Point is 805p

[warranty] 24/1/2018 19:19

This is like death by 1000 cuts!!

[utyinv] 24/1/2018 19:17

When you look at where the Dow was a little more than a year ago and where the FTSE was, the correlation and tracking of the two Indexes appears to have disconnected, where the FTSE is just plodding along whilst the DOW has increased by over 10,000 points.

Fundamentals of the Companies that are within the indexes are basically the same, yet the DOW now looks dangerously high IMO.

Trouble is, when the Dow eventually crashes it will take all the world's major indexes with them!

Does anyone have an opinion that they wish to share?

[coxsmn] 24/1/2018 19:07

Srp, agreed and makes for a good opportunity here.