National Grid Share Discussion Threads

[bargainbob] 28/1/2018 10:46

You can get some free PLUS1 from the faucet here:

[septimus quaid] 28/1/2018 10:09

I wonder, in a way, if Ofgem are fighting for their own survival (in its present form)?

NG. should go back to Ofgem with this latest security issue and demand an improved settlement (or a least use it as an issue for general negotiation).

[jonwig] 28/1/2018 08:55

"Britain's energy, water and transport companies have been ordered to strengthen their cyber defences or risk fines amid growing fears that Russian hackers are planning an attack on critical infrastructure."



Can't argue against that: but it costs money, which demands an adequate return on capital, which brings us back to Ofgem's attempted squeeze.

[abbotslynn] 26/1/2018 19:30

Up again I note:)

[coxsmn] 26/1/2018 17:33

Closed above the 805p resistance level.

[gary hindsight] 26/1/2018 14:14

Just in response to the adr vs sharesThere are appointed adr conversion agents appointed by each issue so you can actually buy the uk version get it converted to adr's and sell the adr's. It's still a bit of a process to do but it is often the mechanism used when arbitraging. In addition there is a process called pre-release where the adr's are issued in advance of the conversion actually happening (sort of short term loan). So traders could buy uk and sell adr's same day and not fail on the adr deliveryHope that helps

[newbank] 26/1/2018 13:53

They don’t like it when it’s positive do they? You can see the moneymakers are trying to get this down. Encouraging the Yanks to take over the batton to drive it lower.

[philanderer] 26/1/2018 13:53

On the broker note front, Goldman Sachs made some changes to its stance on utility and water stocks, upgrading National Grid to ‘neutral’ and initiated covered of Severn Trent, United Utilities and Pennon at ‘sell’ and ‘neutral’, respectively.

[arf dysg] 26/1/2018 12:44

Septimus Quaid (5825) "The only way would be to sell your shares on LSE, realise the cash, convert it to dollars and buy ADSs"

Isn't that exactly the kind of arbitrage which traders would make, just to make money on the changing exchange rate? The bigger the discrepancy, the bigger the motivation for traders to do it. It would, as a side effect, maintain the relative values of UK shares and ADRs.

[ch1ck] 26/1/2018 11:20

I may be wrong but these look a good buy at this price even if it's just for the dividend

[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).