National Grid Share Discussion Threads

[spud] 15/5/2019 07:55

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

[utyinv] 08/5/2019 10:48

Not looking good.

Prices should be rising into results not falling 😱

[1carus] 02/5/2019 09:30

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 17:27

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 17:05

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 12:05

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 11:15

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 09:01

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 08:55

BTW, ROE in the US is approx 9.5%

[utyinv] 01/5/2019 07:32

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 18:34

31.35p divi is forecast by Dividend Max.

[bountyhunter] 30/4/2019 18:10

XD final dividend just 1 month from today

[baztea49] 30/4/2019 18:04

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.

[1carus] 30/4/2019 12:05

sold some at break even yesterday... feel better having banked the divi over the last 3 years.

[newbank] 25/4/2019 11:13

Final results three weeks today 16th May.

Watch Corbyn try to dampen the share price by publishing a paper he leaked to the BBC last month that sent the stock tumbling.

[doggle] 25/4/2019 05:47

Probably a Light Bulb Moment :)

[catbarley] 24/4/2019 17:36

Why big rise today ??

[beckers2008] 23/4/2019 09:25

FAO Skinny - Exactly. That is why NG. have turned their back on the UK (Only regulatory works). Over 50% of sales in USA and rising.

[gbh2] 17/4/2019 07:15

Problem is that the majority of Company directors get their, iron clad contract, jobs due to who they know, not what they know!

[utyinv] 17/4/2019 07:05

So I was spot on with my prediction. Unfortunately!

[utyinv] 16/4/2019 23:01

Looks like the water companies like Thames have a shareholder friendly CEO despite a disastrous business in comparison to NG.

Rather than rolling over and staying silent as Pettigrew has done, the Thames Water CEO has publicly tried to reassure shareholders in stating that they can demand all their money back from the Gov if Labour do get into power and carry out their Nationalisation plans.

[utyinv] 16/4/2019 22:32

NG crashed in US. Expect £8.12 when London opens. Hope I am wrong but that’s what the charts are saying this evening.

I agree with Newbank. Despite over 51% of the business in the US, a country where business is not a dirty word, an Interconnectors business where part foreign ownership would make it hard for Corbyn to Nationalise and an Industry licensed to make money, yet Pettigrew has allowed the Company to lose 40% of its value in the 2 1/2 years he has been in charge.

Rolling over to Ofgem, agreeing to unprofitable, high risk terms and demands is unbelievable.

I would rather Pettigrew sell the UK business to foreign investors and invest in the USA.

Rather the U.K. energy business be in foreign hands rather than Marxist MacDonnell.

I ask myself the same question others have posted, what does Pettigrew do to justify his £5 million plus bonus remuneration?
Bear in mind the first priority of any CEO of a private listed company is to ensure shareholder value is maintained or even enhanced.

When will he get round to doing the job he is employed to do? Most probably after it’s far too late!