May be of interest..
Panorama - Rewiring Britain: The Race to Go Green
BBC1 8pm tonight |
Interconnectors are fine except they don't give us one of the primary aims of our supply which is energy independence. We only get electricity from them of course when they have a surplus, so a 2GW link doesn't mean there's 2GW available anytime we want.On another point, I read somewhere about pumped storage becoming more widespread due to the addition of something heavy to the water making it 3x as dense. The implications of that are many more places becoming candidates for PS. less height difference for example. Maybe a goer, let's hope so. |
National Grid rose 0.3% as Citi upgraded to 'buy' from 'neutral'.
"We upgrade National Grid... following a period of share price underperformance, mostly driven by macro factors and flows," Citi said in a research note.
National Grid shares are currently trading on an around 15% premium to its regulated asset base, which Citi believes presents an "attractive entry point" compared to long-term average of 30%.
"We see this as attractive proposition together with a sustainable and growing dividend offering [around] 5.0% yield," Citi said. |
It makes a change to see a little consistency in broker ratings. |
FWIW :-
Deutsche Bank Research cuts National Grid price target to 1,050 (1,100) pence - 'buy' |
Citigroup raises National Grid to 'buy' (neutral) - price target 1,063 (1,050) pence |
Just make sure your W-8BEN is up to date. 😂🙏 |
 1Carus,
Shareholders won’t cough up, won’t need to.
The only reason why there was a rights issue recently, was because OFGEM stated that some pain will have to be taken by the shareholders rather than win win etc.
NG is no ordinary company where upgrading the system is borne by the business. It is written into law that any upgrade to improve the system’s reliability, efficiency or new connections is paid for by customers, through their bills.
However, once completed Ofgem say the asset base alone will be worth £20.80 / share so it’s only right shareholders are seen to contribute.
Happened before years ago at the last ‘rights’ issue, when the price was £7 / share.
Don’t forget 50% of the business is US based. If we don’t see a significant increase in share price I can see institutional investors plugging a London delist and go with the US.
Rio is faced with the same dilemma, where major institutional investors are trying to persuade Rio to go alone with the Aussie stock market and drop the London dual listing.
The London Stock market is vastly undervalued. |
#Skinny, 1 at a time, UU today, NG tomorrow.. :o) |
Dividend paid tomorrow @15.84p |
Not sure anyone else is going to cough up again until the price starts to rise. |
I wonder how long it will be before the next rights issue, only 7/60B so far. |
I wonder how long it will take for the rights issue investment to result in higher dividends? |
Anhar you are right I was mis-reading the divi history. |
This maybe of interest :- |
The yield on the 2025 forecast divi is around 5% at 929p which aint too bad imo. The divi will be last year's rebased 45.26p + CPIH inflation which is not yet known for sure.
Apart from yield variations due to share price fluctuations, the yield has fallen against earlier years due to the large divi cut arising from the rights issue last year. |
Looking at first Buy here in a decade on basis of the obvious undersupply problem. If you are planning to build a new windfarm/solar farm the current connection delay is about 3 yrs. Clearly this is ludicrous in context of the transition need. Whether NG is the beneficiary is a different question and obviously its US holdings not relevant to this point.
Hadn't realised that the yield had dropped so low in last few years.
£9 would tempt me. |
Communism scum. Time to leave the U.K. No future. |
Updated, and 2025 dates extended. |
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