National Grid Share Discussion Threads

[eeza] 16/5/2019 20:14

Well, what they say they're gonna do isn't what they will do.

All politicians porky.

[redartbmud] 16/5/2019 19:40

Be interesting to see what Trump would make of Jeremiah and Johnboy nationalising US assets.

[poikka] 16/5/2019 18:32

Stoopid site!

[poikka] 16/5/2019 18:31

Another consideration is that not all Labour MPs support JC's nationalisation ideology.

Poika clutching at straws.

[poikka] 16/5/2019 18:31

Another consideration is that not all Labour MPs support JC's nationalisation ideology.

Poika clutching at straws.

[wskill] 16/5/2019 16:12

Wish I could believe that he will never get elected but after holding NG. in my SIPP for a good few years I have sold my holding today not a fortune some 5976 shares, some one is for whatever reason encouraging our MARX brothers to continually keep the idea alive that all will be nationalised whenever they get into power.

And unfortunately there is at this point in time no other party which will get the younger voters attention with his promise of not needing loans to pay for tuition ect and the minimum wage for all young workers .

[wilc42] 16/5/2019 16:09

Buy now or see open sP tomorrow?

[bountyhunter] 16/5/2019 16:05

Very true Gateside. Many young people can see through the Corbyn bribes and know that money doesn't in fact grow on trees as in the Corbyn / McDonell fantasy world.

[gutterhead] 16/5/2019 16:02

bargain price atm
JC unlikely to get elected, his own party think he is an idiot and media are Jewish owned and run
labour could win, but not with him as leader
it would end up in court, in America and they'd get eaten alive
aimo

[gateside] 16/5/2019 14:42

Thankfully a vast majority of younger people are too apathetic about politics and don't bother to vote. But bear in mind, not ALL young people by any means vote Labour.

[irenekent] 16/5/2019 13:29

The current Labour Party have a policy of stealing the company from its rightful owners. They will make this country un-investable like Venezuela. Its utter madness and I hope the impressionable youth who make up the majority of their active supporters will come to realise that it is their future that the terrible twins (JC & JMc) will hock for a discredited ideology. May's dithering has brought this situation to a head. No sensible country will deal with us if there is a possibility of their assets being seized by a Marxist government.

[utyinv] 16/5/2019 12:38

Irenekent,

Railtrack had too many incidents in close succession ( accidents)which open the door for Labour to Nationalise. However, then it was a Labour Gov that abolished clause 4 ( Nationalisation Policy) and the only reason why they were Nationalised was due to safety concerns.

NG is a profitable organisation and the current Labour ruling body have a Marxist ideology and are happy to raid lucrative Companies just like Lenin did in 1917 and his ideology continued for decades.

[irenekent] 16/5/2019 11:10

Poikka what about Railtrak? we lost money on that.

[schober] 16/5/2019 09:44

Corbyn’s Power Grab: Prospects for Public Ownership of the UK Energy Sector
Date: 15/05/19 Dr John Constable: GWPF Energy Editor



Takes a wider view of the situation

Specifically he comments
".......... The energy transmission and distribution networks have not been in receipt of major consumer or taxpayer subsidy though of course there are very generous subsidies to the electricity generation sector............"

[poikka] 16/5/2019 09:16

Re political risk:-

"Dan Neidle, a partner at law firm Clifford Chance, told the BBC that Labour's nationalisation plans could contravene international law, because of suggestions that it would not necessarily pay stock market value to buy back the assets.

He said that in every UK privatisation so far, the state paid market value, so it was not up to Labour to decide what was a fair price.

"That's not what the UK precedent is and that's not what international law says," he says.

"The courts have never said that's acceptable," he added. With the rare exception of Venezuela, "you have to look quite hard for governments that have done that".

If the UK did this, it might struggle to raise money in the bond market, he suggested.

The Conservative's vice-chairman for policy, Chris Philp, said Labour's "ideological plan for the state to seize these companies would cost an eye-watering £100bn and saddle taxpayers with their debts".

"It would leave politicians in Westminster in charge of keeping the lights on and leave customers with nowhere else to turn," he added.

"With no credible plan for how Labour would pay for this, more borrowing and tax hikes would be inevitable.""

[utyinv] 16/5/2019 08:58

So yesterday the news was leaked, depressing the share price when it should have been rising into results. Why can’t politicians be prosecuted for manipulating share prices just like anyone in the corporate world? What is stopping the politicians helping the shorters or family members by manipulating the markets with contentious statements?

[irenekent] 16/5/2019 08:39

Why does everybody focus on Corbyn? McDonnell is the danger. He is the Stalin to Corbyn's Trotsky. Farage is going to have to become a Churchill in order to defeat those two. They are the two most dangerous British politicians I have seen in my lifetime. The old Marxist dogma of 'seize the means of production without compensation and place under state control' is central to their mindset. We need to educate the young as to the terror and bloodshed wrought by Marxist ideologies, from the Bolsheviks through Stalin, Mao, Castro, Chavez through to today with Putin. Unfortunately the majority of teachers in our state schools appear to have quietly ruled out teaching about these people. Instead they continue to fill young minds with trivia not plain common sense and basic understanding of political and economic history.

National Grid need to list the US business in a separate company listed here & the US. Also all UK property & land assets should be formed into a distinct holding. This could possibly be enabled through sale & lease back arrangements with the remaining NG operating businesses.

[beckers2008] 16/5/2019 08:21

Political risk! Now that right wing Nigel is back fighting fit the two party system will change, it has already started with 'Change UK' so Labour will be a smaller minority party who shunned it's members and got into bed with the Conservatives over Brexit. No political risk here with NG. All hot air.

[bountyhunter] 16/5/2019 07:32

Better than most bank accounts, now we just need the political risk reduced!

[utyinv] 16/5/2019 07:30

2.6% divi increase.

[utyinv] 16/5/2019 07:22

That means a final divi of 31.26p

Bit disappointing but hey with Corbyn and OFGEM both screwing NG....

Maybe Pettigrew should concentrate on the US business

[skinny] 16/5/2019 07:03

.

Operational Highlights

· £4.5bn of capital investment leading to strong asset growth of 7.2%

· Cadent sale expected to complete in June with £2bn in equity proceeds

· Good regulatory progress in the US with all our companies now operating under refreshed rates

· Launched new cost efficiency programmes in both the UK and US

· Significant progress on interconnector portfolio

· Major milestone achieved for Property business with sale of Fulham site to St William JV

· Reached agreement on new employment terms with unions in Massachusetts Gas

Financial Performance

· Underlying operating profit down 2% to £3.4bn (4% at constant currency) reflecting expected return of Avonmouth allowances and US tax reform, partly offset by higher property profit and favourable US legal settlements

· Statutory operating profit down 18% to £2.9bn

· Underlying EPS up 5% to 58.9p reflecting a lower share count

· Statutory EPS of 44.3p due to exceptional charges: Massachusetts Gas; new efficiency programmes; cancellation of nuclear connection agreements

· Group RoE of 11.8% (2018: 12.3%)

· Recommended full year dividend of 47.34p

John Pettigrew

Chief Executive

"We made good strategic progress across the Group last year, delivering £4.5bn of investment driving strong asset growth of 7.2%, all while maintaining reliability and safety across all of our networks.

During the year we launched new efficiency programmes to become a leaner, more agile organisation. In the US, we continued to make good regulatory progress and we reached agreement on new employment terms with unions in Massachusetts Gas. We delivered good returns in the UK and we made significant progress on our interconnector portfolio. We also took our first step into developing US renewable generation with the agreement to acquire Geronimo Energy.

Looking ahead, we will continue to contribute to the important regulatory agenda in the UK and the US, to create value for shareholders, and play a central role in driving decarbonisation. Having delivered almost £640m of savings for UK customers over the last six years, efficiency remains a key focus as does continued investment, which will increase to almost £5 billion each year for the next two years. We remain on track to achieve asset growth at the top end of our 5-7% range in the medium term."

[bountyhunter] 15/5/2019 22:14

However they certainly weren't last time being leaked news which they published then had to pull when Corbyn pulled his unannounced announcement.