National Grid Share Discussion Threads

[gutterhead] 16/5/2019 15:02

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 13:42

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 12:29

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 11:38

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 10:10

Poikka what about Railtrak? we lost money on that.

[schober] 16/5/2019 08:44

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 08:16

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 07:58

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 07:39

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 07:21

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 06:32

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

[utyinv] 16/5/2019 06:30

2.6% divi increase.

[utyinv] 16/5/2019 06:22

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 06:03

.

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 21:14

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

[m100] 15/5/2019 20:53

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 20:20

"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 19:58

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 19:36

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

[bountyhunter] 15/5/2019 19:28

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

[septimus quaid] 15/5/2019 19:08

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 11:16

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 09:55

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 09:13

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 08:26

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