National Grid Share Discussion Threads

[dfoc] 19/12/2018 11:38

Surely NGs earnings from the US can be ring fenced as offgen have no duristrition there so only UK earnings can be used in calculating the dividend decrease ?

Not sure if this is possible but it would be worth challenging offgen with..

[warranty] 19/12/2018 09:30

I agree with that Irene, Mays government has moved way too far left in terms of business perpetuating the feeling that companies making profits and paying shareholders dividends is now seen as wrong. As you say, people don't realise how much damage is being done to their pension values, all in the name of consumer benefits. A Tory government should be promoting the rewards shareholders receive for the risks they take, not just pander to Corbynism. I'm afraid May has done untold damage to the party over this and her mishandling of the Brexit argument where she's completely succumbed to the Remoaners in the party. Maggie would have STATED what would happen, have meant it and delivered it, not this shilly shallying that's going on now.

[irenekent] 19/12/2018 08:16

While this government try to bear down energy suppliers and facilitators in order to prepare the way for the Trotskyites in Labour they seem unaware of the damage they are doing to pensions and savings. By destroying the livelihoods of many older people they are sowing the seeds of their own destruction. Not by deflecting them into the arms of Corbyn but towards whatever new right wing party emerges from the shambles that the Conservative party has now become. We need a new Momentum of the right.

[noirua] 18/12/2018 21:40

Market cap £25.8 billion at 759p. National Grid debt position:

[jonnycash1] 18/12/2018 20:20

Not sure what you lot were expecting the report to say tbh. Most predictable short trade this side of Xmas. It was never going to be good news, was it? Its why I and many others bailed at 870p earlier this year. Market was always going to tank from 7800. Did you not see the recent stream of good news? Wages up, CPI down. Analysts betting long pound, short euro for 2019. Rate hikes being priced in. Once inflation emerged from hibernation this stock was a dead duck. UK is in great shape, much to the fury of the darlings in the media. US in crisis, Europe imploding due to usual suspects, PIIGS, as Merkel exits. Bet British for 2019 - again. That's presuming we leave this idiotic European mess cleanly of course. A clean break and we are off and running.

[p0pper] 18/12/2018 18:55

The Gov also pay themselves huge wages, fiddle their expenses and take long holidays.

They then try to tell us we have to get out house in order. ffs, couldn't make it up.

[warranty] 18/12/2018 18:43

This is now a private company ffs, not a nationalised industry. Surely if management don't like the terms on offer then tell OFGEM to go forth and multiply and get someone else to do the job at that rate if they can. The Government departments have screwed the infrastructure and service company's for years with low margins, leading to the collapse of Carillion and almost certainly Interserve as well as problems at most others.

[action] 18/12/2018 17:15

Looks like a Teady Bear Gift this Xmas.

[utyinv] 18/12/2018 16:18

Careful,

You are right! They are supposed to be so steady thatbeing a CEO would be a doddle. However, every CEO needs from time to time stand up to earn their remuneration package.

Yet JP has done nothing but capitulate to every demand OFGEM has put forward. He has been in charge of NG for nearly three years and look from where we started and where we have ended up.

One thing I cannot understand is the Performance Bonus shares JP and his Board have reaped in for achieving absolutely nothing!

If an Employee performed so badly they would have been sacked by now. They are so arrogant they think they are untouchable! Sad times for Staff, shareholders, pensioners and Pension Funds.

[gutterhead] 18/12/2018 16:14

outrageous action today-OFGEM are idiots with no commercial understanding-its obv a starting point for negotiation but wonder if it would hold up in court, let alone a US court

[careful] 18/12/2018 16:06

These regulated utilities are supposed to be boring but steady.

[action] 18/12/2018 15:24

Has anyone seen Santa yet to bring some cheer to market HO HO HO

[action] 18/12/2018 14:06

No place to hide in shares . We are in Bear Market.

[muffinhead] 18/12/2018 13:49

? next stop 700p

It had a good run up and has been in a bear market for some time


NG would never be exempt from the same political interferance suffered by suppliers. Lots further to fall as margins go up in smoke

[minerve] 18/12/2018 12:59

I'm not an investor here but own Stobart and Drax.

[newbank] 18/12/2018 12:58

Careful, Ofgem say that ROE should be based on 4% practically half what it is today.

Who will invest in NG when they can get 9% in the US?

Ofgem are shooting themselves in the foot because if the industry is cheap enough to Nationalise, the money paid to run Ofgem funded by the energy Companies will have long gone.

I worked for a Nationalised Industry and am aware of the waste and inefficiency that forced the Conservative Gov to Privatise it. Only 3% of our bills are accounted for in Transmission costs. If the industry wasn't Privatised, bills would be 150% higher than today. Under the Labour Gov prior to Privatisation, the Unions demanded 25% pay rises for Miners whilst everyone else had to settle for 3%. The Labour Government forced the CEGB at the time to buy coal from the coal Board at 300% above market price to pay for the miners wage increases. I can see the same philosophy occurring in the future to benefit the few (union Officials) and sod the many (hard working People).

Sooner John Pettigrew grows some balls the better! Sell the UK business to overseas investors (making it difficult for the Marxists to take control) and put the money into the US where there is at least a level playing Field.

Who is going to pay to keep the lights on in the UK? The tax Payer?

NG are finding it harder by the day to re-finance their projects and who in the right mind will invest in a very risky business (very risky due to the threat of Marxist Policies)and accept 4% when inflation is running at 5%?

[dr biotech] 18/12/2018 12:51

The document is just a opening salvo in the conultation. It was bound to be a low ball offer and now NG has to respond to say why they need more and what are the consequences of potential underfunding. Time will tell whether ofgem will budge.

Must admit I could do with a day when I don't lose £1k a day or more. Been my worst three months ever, think my total loss is more than £100k. Ouch.

[timmy11] 18/12/2018 12:39

they need to sell up in uk and reinvest the money in u.s

and teach ofgem a lesson

[doggle] 18/12/2018 12:38

That seems inevitable

[dfoc] 18/12/2018 12:24

Halving of the dividend ?

[careful] 18/12/2018 11:33

NG. say that they are 'disappointed with the proposed financial package', but do we know what the proposed package is.
Judging by the share price reaction everyone is assuming the worst at this early stage of the negotiation.