National Grid Share Discussion Threads

[m100] 15/5/2019 21:53

bountyhunter, the BBC are behind the curve a bit as it was on the Utility Week website at lunchtime today




Plus NG website some time prior to that

[bountyhunter] 15/5/2019 21:20

"The Labour proposals are contained in a document entitled Bringing Energy Home, due to be presented on Thursday by leader Jeremy Corbyn and Rebecca Long Bailey, shadow energy secretary."

Just goes to show how biased the BBC is and in bed with Labour to get this info leaked to them yet again, last time published then pulled of course.

[newbank] 15/5/2019 20:58

m100,

As I said Corbyn will get something published just to thwart any potential rise in the share price leading up to results. Just look at the graph in the US.

He, Corbyn that is, is manipulating the share price in order to prepare for his onslaught on Grid if the opportunity arises. I only wish Pettigrew would do something to put the nasty little man back in his marxist hole.

[m100] 15/5/2019 20:36

BBC News - Labour's energy plan 'last thing' National Grid needs

[bountyhunter] 15/5/2019 20:28

No thanks, it could take decades to dig us out of the hole they would dig us into!

[septimus quaid] 15/5/2019 20:08

Unfortunately, it seems to me that, at some stage, we will need a Corbyn/McDonnell type socialist government elected if only to educate the current crop of twinkly-eyed 20 somethings as to what a total pigging disaster it will be.

[m100] 15/5/2019 12:16

UtyINV In the land of the marxist dictator the order of law no longer exists. In Venezuela Chavez went on regular public walkabouts, saw a random private business and within hours it was fully state owned with zero cost to the state. The only possible way to keep your business out of the hands of the state was to make it a total basket case, loss making and invisible.

Maybe Pettigrew is playing a blinder by doing all he can to make NG so unattractive no one will touch it with a bargepole.

Maybe 37.2p (with adjustment for inflation) will be the buyback price, in the land of £10 an hour minimum wage for under 18's absolutely anything is possible, especially when your chancellor is as thick and innumerate as your bosses mojito slurping ex-girfriend.

[utyinv] 15/5/2019 10:55

In the article it quotes special powers undertaken when taking over Northern Rock??? Northern Rock was bankrupt. National Grid is a profitable Company. Telegraph trying to scare people into not even contemplating voting for Corbyn???

What about the fact that 51% of the business is in the USA? Also, what about the Interconnector business 50% owned by NG and 50% owned by Foreign investors?

[beckers2008] 15/5/2019 10:13

Corbyn getting into power with a majority, LOL!
He got into bed with May over Brexit and Labour lost nearly 100 council seats, doesn't look like a party going anywhere, except losing further credibility.

[septimus quaid] 15/5/2019 09:26

The risk of madmen Corbyn/McDonnell getting into power will continue to depress the shareprice:

[spud] 15/5/2019 08:55

I'm out. Good luck to all remainers! spud

[utyinv] 08/5/2019 11:48

Not looking good.

Prices should be rising into results not falling 😱

[1carus] 02/5/2019 10:30

Baztea49--Seems like we are in a similar position.

Newbank -- total agree, this company was like a government bond with a linear return on investment. The government and Corbyn have really screwed this up and the board just seem to be bending over to OFGEM as you say. I just hope there is a master plan to fix this and they are keeping their cards close to their chest such that they can't be out manoeuvered in the future. Here's hoping!
Although my average buy was around todays values, I sold a load of them two years ago to dump them into my ISA before the special divi... all at around £10... when I look in that account I show a loss against todays vales which is niggling to say the least!

[baztea49] 01/5/2019 18:27

I just had way too many of them.Lol, I also have too many of them but I felt I had to get my average down and now I feel a fair bit exposed to one company.The divi is fine and should be safe enough but I would like to extract about 2/3 of my holding.

[1carus] 01/5/2019 18:05

Baztea49 --- I do believe this is a good share to hold, the divi is ok and in the long term I think it will recover. The board will have to grow some first though, but for all the negatives and the shadow of Corbyn the company has a duty to protect its shareholders and once that is realised, either by action or a statement, the share price will move positively. I just had way too many of them and probably still have, but just in profit without the divi. I made a statement a while back saying 9.00 is fair value for these, and I think that is still true.

[baztea49] 01/5/2019 13:05

1carus,lucky you to be above water.I have been here since 2017,averaged down a few times and this morning was the first time I have been in the black (for about 10 minutes).Back under again but with the share price going ex d at the end of the month I wait with baited breath.

[1carus] 01/5/2019 12:15

Baztea49.. held these since 2014/15, also bought more in the dips. Been disappointed since they played around with the share allocation a year or so ago. My average is 8.24, so I was more than break even... I still have loads of them but was limited in what I could sell for cgt reasons ... with hindsigh very glad I sold what I did.. no skill involved in the timing just that I was looking at bed and Isa the shares with something with minimal cgt implications for me.

[baztea49] 01/5/2019 10:01

British companies in the US. have a very poor record and usually end up being screwed.I am very wary about having too much invested n the states.

[utyinv] 01/5/2019 09:55

BTW, ROE in the US is approx 9.5%

[utyinv] 01/5/2019 08:32

baztea49,

That would give a ‘ year on year’ rise of 3.1%

Wonder what John Pettigrew will say about the draconian hard stance taken by OFGEM? FYI OFGEM ignore the threats of Labour to investor’s capital and investments and suggest there is little or no threat / risk to investors capital????
No threat or risk to Capital projects, needed for new connections and bolstering the system to ensure reliability and efficient power transmission.

So, for those that haven’t been following the RIIO II ( RIIO 2 starts April 2021 ) proposals where OFGEM suggest that the ROE should be based on CPI rather than RPI. It then goes onto say that options open for Companies to afford capital projects is to cut dividends and dividends should be linked to CPI.

So, what is Pettigrew going to do? Roll over and capitulate or stick his middle finger up to OFGEM and plough the majority of capital into the US business which is not trying to appease Marxists and is on a more level playing field to business and attracting business investment?

IMV it wouldn’t be a bad thing to sell the U.K. business to foreign investors ( making it a political and legal nightmare for Labour to Nationalise), and put the raised capital into areas where there is adequate growth!

The U.K. system would be far safer in questionable foreign hands than in the nasty Marxists Corbyn and McDonnell hands.

[baztea49] 30/4/2019 19:34

31.35p divi is forecast by Dividend Max.

[bountyhunter] 30/4/2019 19:10

XD final dividend just 1 month from today

[baztea49] 30/4/2019 19:04

sold some at break even yesterday,-----------you must have done a fair bit of averaging down to break even in the 830's after holding for 3 years.