National Grid Share Discussion Threads

[gbh2] 28/2/2019 09:20

Looks unloved and lacking buying interest atm !

[utyinv] 27/2/2019 13:28

investorschampion

Good article but the stats used paint a better picture than reality. It’s true that the five year deviation in share price is 5% ( where it was five years ago to now), but what it fails to point out is that the current share price is 30% lower today from where it was 2 1/2 years ago. In my view utilities are still out of favour and despite any future draconian policy OFGEM try to impose on the private Company and if Labour changes its view on mass Nationalisation ( a lot more centrist Labour MPs are making their moderate views heard and even if Labour eventually do suucceed into getting into No 10 the Marxist ideology may be voted down), then I can see this share getting back to the highs of 2016. It may take some time but there is IMV investment gains to be made. 🤞

[gbh2] 21/2/2019 08:58

Decent open quickly sold down !

[beckers2008] 20/2/2019 11:24

Ll,

A 'Corbyn nationalising government' was never going to happen before the 7 now 8 and no doubt more Labour and some Tories come.
The Left wing will not govern this country with a majority in the next 30 years at least.
Labour have not made ground in the polls even with the Tories in a shambles! Corbyn's legacy could be the man who broke the Labour party, he certainly has made it unelectable.

The national grid HV network is designed with spare capacity and feeds both ways in the event so car industry or not, the status quo prevails.

NG. could turn out to be a good performer for 2019 and regain it's share price back up to around 950p?

[loss-leader] 20/2/2019 01:03

Maybe recent events play in NGs favour?- splitters reduce the chance of a Corbyn nationalising government?- Demise of car industry (sob) reduces stress on uk energy grid - so the lights stay on?Ll

[bountyhunter] 18/2/2019 21:58

So it was, for Washington's Birthday!

Didn't notice as just returned from a long weekend and checked the US charts in the header which must be still showing Friday's data.

Comments still relevant but re Friday!

[davr0s] 18/2/2019 21:53

US closed today

[bountyhunter] 18/2/2019 21:35

...and again for the usual trick in the US post LSE close.

[bountyhunter] 04/2/2019 22:16

...and again on the US charts!

[bountyhunter] 31/1/2019 17:02

Look at the US charts, ...how often does this happen post London close! Must be money to be made on those moves!

[utyinv] 31/1/2019 16:33

M100 and Bounty,

👍

[m100] 31/1/2019 12:11

Who was it (somewhere above) claiming NG doesn't invest? It's only the 'big' projects like this that get some limited publicity.

It's £280m of the just under £1bn NG invested in Electricity infrastructure in the year to March 2018

Nemo went live around 2300GMT last night and is currently shipping 1GW (2.2% of our current demand) of filthy Belgian electricity to the UK. By filthy I mean around 344 gCO2eq/kWh rather than the 90g CO2eq/kWh French stuff.

Now the long wait for IFA2 to bring us lots more clean French electricity

[bountyhunter] 31/1/2019 08:52

Well Brexit hasn't stopped this...

This morning National Grid commenced commercial operation of NEMO Link, the UK's first interconnector to Belgium. The link will enhance security of supply on both sides and facilitate a greater flow of clean energy between mainland Europe and the United Kingdom.

Nemo Link is a 50:50 joint venture between National Grid and Belgian transmission system operator Elia. National Grid's share of the investment was GBP280m and the 1,000 MW, 80-mile cable between Herdersbrug and Richborough, Kent was completed on time and under budget.

See today's RNS

[skinny] 30/1/2019 10:39

Barclays Capital Overweight 819.60 950.00 Initiates/Starts

[losos] 21/1/2019 10:56

UtyINV - "I can see the 70’s coming back to the detriment of all"

Yes, the future looks bleak. On a slightly more positive note the DT has a story today about NG. investing in US start up technology and doing rather well (so far!)

Will we see NG. evolve into a multi-national conglomerate with operations in many countries ? (a bit like BA.)

My one over riding fear is a Corbyn government, maybe I'll be lucky and depart this world before that happens haha.

[jonnycash1] 18/1/2019 17:38

Indeed. Light water reactors are also very interesting. Companies such as NuScale Power are already in the game. Also amazing how much less power can now be utilised to run appliances and how the drive for efficiency is still going on. Uty - Interesting about BT, thanks for sharing.

[willoicc] 17/1/2019 14:53

Mini Nuclear power stations, like those used in submarines, are the way forward.

[utyinv] 17/1/2019 13:30

Samwn1,


You’re right it was the Miners strike that caused the 1974 power cuts. It was the NUM who wanted 20% pay increases that caused a standoff between NUM and Gov.

Years to follow resulted in the CEGB buying coal from the NCB at over 250% more than the true value of coal. That is why the CEGB under the Thatcher Gov decided to buy coal from overseas. The NUM priced themselves out of the market by ridiculous demands.

10-50% over the market price is understandable to keep jobs going in the U.K. but 250% is ridiculous. However, the BBC nor ITV at the time reported this news because it was deemed as too confidential. But this was tax payers money that many working In the industry priveledged to be aware of the situation were bound to remain silent.

If ever the industry gets Nationalised expect gigantic price increases to fund the investment void left by the exodus of private investors.

In addition the unions will be putting in demands of 10%+ pay rises. All this has to be paid for.

If everyone in the Country gets a 10% pay increase the man in the street is no better off, because as more money is put into circulation, inflation through massive price rises increase. That’s what the Left Wing fail to appreciate. The only real way to get wealthier is to work hard, study hard get promoted by showing competence or start your own business. Getting Unions to put in big pay demands only creates unrest in other industries that want their slice of the cake too, then retail, then Council workers etc etc so no one really benefits other than the egoistical Union Officials that are on the Gravy train.

I can see the 70’s coming back to the detriment of all and promoted by the ignorant.

[bountyhunter] 17/1/2019 12:26

We won't be arguing about transmission through the grid in future if there is insufficient electricity to transmit to meet future needs given the sorry state of the nuclear power station building program. A bit more wave/wind/solar power is unlikely to replace that in time.

[samwn1] 17/1/2019 12:22

The power cuts in the 70's were due to a temporary issue - the miners' strikes, once over, the coal started moving and the power stations switched on again. If OFGEM/UK GOV don't get this right it could be disastrous, there's no quick fix when you've got no spare capacity.

[shalder] 17/1/2019 10:04

UtyINV

Agree totally. There seems to be a prevalent view in political circles that key infrastructure and services such as energy and water should (if they are not nationalised) be operated on a not=for-profit basis, and that permitted returns should be calculated on that basis. What no one does is to ask the obvious question - if nobody is allowed to make a profit, where exactly does the money for investment in the future come from?

Since even the current government seems to go along with this view, the water regulator seems to be thinking similarly with cutting allowed costs of capital.

We may indeed have to go through a rerun of the 70's before sensible stategic decisions are possible in the UK.

[utyinv] 17/1/2019 09:27

Wylfa new nuclear power station work suspended by Hitachi, ie they are pulling out of the deal taking a hit of £2billion.

Sign of the times that OFGEM are making investments in Energy unviable

Culture change required IMO. Instead of designer clothes, holidays, new cars, new TVs and expensive nights out we have to get real in priorities. People should expect Mortgage, Food and Energy costs should be top of anyone’s budgets before spending on holidays etc. We are a very cold and damp country where we should expect energy costs to be a significant part of expenditure on household’s income.

Too much emphasis, too soon, on wind power. We need a diversified source of power generation and if it isn’t profitable to build and provide, Companies will just walk away.

Hitachi has done what many believe NG should have done with Hinkley. If OFGEM don’t get real they will ruin any more investment in our Energy business. Maybe the reality will kick home if and when there is a power cut and we have to do without. What a miserable life can be when things we take for granted is not there. Many do not remember or were not alive when we had power cuts in 1974.
We all take Energy for granted until it’s not there and OFGEM are sleepwalking into a dire future. IMO

[utyinv] 16/1/2019 14:54

Willoicc,

I know of Graphene, yes. Disruptive changes; only if you don’t embrace change positively.

[willoicc] 16/1/2019 13:58

utyINV

Have you heard of Graphene and the potential disruptive changes which may come about from its use?