National Grid Share Discussion Threads

[septimus quaid] 26/1/2018 10:32

I think the Anglo/American NG. share set up is not strictly an arbitrage situation.

For NG., you have “American Depositary shares (ADSs)” trading on the NYSE and ordinary UK shares trading on the LSE and never the twain shall meet, i.e. you cannot buy shares in London and then sell them in New York or vice versa (unlike, say, a barrel of oil or an ounce of gold).

The only way would be to sell your shares on LSE, realise the cash, convert it to dollars and buy ADSs, which is a bit of a faff and could only be justified if you felt there was a big discrepancy between the two market valuations.

Unless someone knows any different?

[bountyhunter] 26/1/2018 08:56

SQ - I used to do that in an attempt to forecast the opening price of IAE based on the TSX close. In the absence of news the UK opening price was generally slightly lower than the calculated price based on the TSX close.

[septimus quaid] 26/1/2018 08:25

Hmm, first trade of the day £8.07, so I was a bit out

[jonwig] 26/1/2018 08:17

Director performance pay is almost always based on adjusted eps - ie. adjusted for buybacks, etc. The debt-equity split at NG. is apparently a regulatory requirement. It could be that is the reason for the buybacks.

NG.'s next move after discussion with OfGem could be a referral to the CMC. I guess their arbitration is binding on both parties. I'm pretty certain NG. can't just walk away - nor should it.

[esmerelda] 26/1/2018 07:51

I've never been a fan of share buybacks, it's a poor use of share holder funds whatever the company. I always though NG did it because it helps EPS (earnings per share) and that will be a measure in the executives performance related pay.

[utyinv] 25/1/2018 22:15

Sept,

Post 5817, I totally agree. However, I have noticed that the open doesn't always follow that logic. There are a lot of automatic trades that follow a trend.....at 08:30 it falls, recovers a little before 09:00 hrs then dives at 09:30. That 09:30 dive has on a few occasions been delayed till 10:30.

Then they wait for the Yanks to open and after an initial slight upward movement falls drastically till our close and the cycle continues.

This trend will continue until the money makers decide they have made enough money from a gift given to them by the incompetence of the Government and OFGEM.

[utyinv] 25/1/2018 21:43

Has the share buy back finished / completed or has it been suspended due to the OFGEM proposal regarding Hinkley?

It wouldn't surprise me if it hasn't and that National Grid have held back purchasing shares when the Government and the Regulator appear to be hell bent on destroying value in the stock.

Maybe there is a war chest being prepared for new ventures or to give back to its owners the shareholders via another special divi?

I don't think OFGEM's proposal on Hinkley is what is causing concern as much as the inference that this proposal is an indication of how OFGEM are adopting a new harder anti-business approach to the Energy Companies and how this will play out in the next review making it extremely hard for National Grid to make a profit.

If Labour ever get into Government and initiate their Marxist plan to renationalise the energy industry I will watch very closely how they perform and be very surprised if they achieve any success. Nationalised Industries are notorious for being inefficient and costly with Unions asking for unrealistic pay rewards, downing 'tools' for any reason that takes their whim.

I have never seen a Union Rep do any real graft in all my years in Industry. They believe they are above the ordinary worker and have a demeanour of grandeur, believing that they are superior to their colleagues. Using any excuse to get out of doing some work, ie, going to meetings, Union training days, conference days etc etc and all paid for by the Company they are employed by to do some graft!

So if they do get into power and exercise their plan, if the public think that prices will be kept low, think again! I also hope that foreign Companies put up wholesale gas prices in spite to make their Marxist dream fail and bankrupt the Labour Government faster than any other Labour Government in history.

Anyway, interesting times for the future. National Grid has said it has a number of options to take if they cannot agree with OFGEMs final decision, due out in March. National Grid have a proven history of, when being forced to accept a decision they don't like, find a way to come out ahead and smelling of roses.

[gswredland] 25/1/2018 20:38

It's dropped considerably since that recommendation

[1squintyflinty] 25/1/2018 18:28

Questor from the daily telegraph recommended National grid and highlighted scope for capital growth as well an attractive dividend yield.The recommendation was at £8.40.I can see other institutions as well highlighting the value of these shares at the current share price.

[utyinv] 25/1/2018 17:57

DavR0s,

Could you explain the term; I cut a lot higher purely as trend broke??

Are you holding?

[davr0s] 25/1/2018 17:42

Never fight the trend - no matter what you believe. I cut a lot higher purely as trend broke

[1squintyflinty] 25/1/2018 17:13

Questor from the daily telegraph recommended National grid and highlighted scope for capital growth as well an attractive dividend yield.The recommendation was at £8.40.I can see other institutions as well highlighting the value of these shares at the current share price.

[septimus quaid] 25/1/2018 16:22

SP wise, this is turning into a rout.

Plus, as it’s turned out, NG has been vastly overpaying for the shares it has bought back so far.

You know, renationalisation might not be such a bad thing, keeps at bay the charlatans (aka financial advisors and other hangers on, who no doubt NG has paid handsomely for, just to be given duff advice).

[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? ;)