National Grid Share Discussion Threads

[utyinv] 07/6/2019 15:56

Also, again on BBC bias; the Peterborough by-election shows Labour wining narrowly pushing the Brexit Party into second place and highlighting the Conservatives in third place. But if you look at the results Labour had thousands and thousands more votes in the last election. If Boris or Rabb take us out of the eu ( I am a remainder but accept the will of the people to leave the eu), though some of Brexit’s votes came from Labour the majority came from the Conservatives and if you reflect that into the equation in a post Brexit UK you don’t need a PHD in Mathematics to realise that the seat could be won by the party who rewards hard work and one that believes everyone should be encouraged to be successful and independent ie the Conservative Party! IMO only 👍

[utyinv] 06/6/2019 09:25

The more Labour politicians open their mouths the less concerned I am about their threat!

Thornbury the other day was very critical on Trump as was Corbyn. Rather than being Statesmen like they snubbed the President of the USA. Whether you like Trump or not you don’t snub the President of the most powerful country in the world. Americans won’t like that!

Also, talk about the BBC being institutionally Left Wing is an understatement. Last week Corbyn came out with another leaked document regarding home owners and the proposal to replace Council Tax with a penalising Property Tax. Apparently, the tax would be severe but will not affect Tenants and those that live in Council property. ( errrr what do they think Landlords would do if the burden was on the Landlord?). Yet nothing was published on the BBC

Yet, again another fact that the BBC have not published widely:

Corbyn’s son so against Capitalism ( who worked with MacDonnell as an advisor) decided to buy an ex Council Flat in London ( like Council houses, Housing Associations are allowed to sell their properties to tenants on the cheap which Maggie Thatcher implemented). He bought it for £162.5k and did it up with his mum’s money (Corbyn’s wife) and now rents it out at an extortionate rate on airbnb How hypocritical!!!!! See article below:

[newbank] 05/6/2019 13:19

loganair,

You are right, as many including UtyINV has noted before. However, it doesn't stop the younger generation from ignoring or being ignorant of history because they weren't taught what happened in the 1970's due to the Teachers / Lecturers prefering not to teach and warn against the economic mess created by the Left Wing of that time.


In the Tony Blair days there was a new Baby Boom built up on credit and debt ie what the state can give you for free. Those babies are now aged between 9 years old and 27 years old many of whom don't know the meaning of hard work.

[utyinv] 03/6/2019 08:56

Must admit though, this rise is surprising as there is no further reason to hold NG until Nov as there isn’t any more qualifying dates before the shares go ex-divi at the end of Nov for the interim in Jan

[utyinv] 31/5/2019 14:35

M100,

My only fear is that it could be a dead cat bounce.

If Boris gets to be PM, Dom Grieve has gone on record to say he along with many remain MPs would vote against the Gov in forcing a no confidence vote. This then would force a GE and the rhetoric and focus on Utilities will be in the news dampening sentiment.

[dfoc] 31/5/2019 14:20

Thank you very much Salvor.

[salvorhardin] 31/5/2019 14:06

National Grid is mentioned in just two sections of the Daily Telegraph article. I've cut and pasted them below:



"It has not been a great few weeks for dividends: Royal Mail and Vodafone have both announced cuts. One popular income fund, the £1.2bn M&G Dividend, is changing its strategy in an attempt to limit the damage in the event of further cuts.

The changes follow Michael Stiasny’s appointment as manager in February. Here he tells Telegraph Money how he avoids firms that cut their payouts and why he wouldn’t sell National Grid if it were nationalised.


Would you sell national grid if Jeremy Corbyn got to no 10?

National Grid yields around 5.8pc. Everyone focuses on its UK business because of concerns around potential nationalisation, but it actually has a business in America as well. People are missing that.

It’s trading at a significant discount, which takes into account those concerns. Even if it were nationalised there is good reason to believe the share price could actually rise because of the US arm.

[dfoc] 31/5/2019 13:45

£1.2bn income investor: 'A Corbyn administration wouldn't make me sell National Grid.

Does anyone have the full article from the Telegraph, it's in the premium view only.

[m100] 31/5/2019 13:37

Eight weeks of daily rises like this and it'll be nudging 12 quid

[gateside] 31/5/2019 13:26

I take it today's opinion poll with Lib Dems 1st and Brexit Party 2nd with Corbyn languishing on just 19% is having a good boost on NG. & other utilities.

[utyinv] 31/5/2019 10:55

Good rise today👍

[skinny] 30/5/2019 07:31

And a fall greater than the dividend on a slightly up day!

[utyinv] 29/5/2019 17:02

Not much of a rise on the last day before ex-divi day😱

[newbank] 28/5/2019 11:57

Bounty,

The Calendar is out of date mate. You haven't put the 31.26p divi in. :)

[utyinv] 28/5/2019 09:22

I see the computer algorithms haven’t been changed. Sell at 9:30 ish then another sell off at 12:30. Wishful thinking maybe but wouldn’t it be great if Pettigrew announced something to rocket the share price and catch out all the parasites shorting this stock.

[muffinhead] 27/5/2019 12:12

Beckers2008
26 May '19 - 23:03 - 7023 of 7031
M,
Quarterly the UK business is getting smaller by NG. policy and the US business greater where the ROE is over 9%. NG. policy.
NG.is only investing in regulatory obligations as the ROE is so poor.
In 2021 the US will account for 60% of total business so your 4.3% ROE wide of the mark.

.
Appreciate your input

Combining UK (4.3%) 40% revenue and USA 60% (9%) 60% revenue, the Group ROE averages at 7.12%

Balance of debt:equity assumed in FY results, 60:40 in Uk. The ROE on debt (and there is a shedload of it) is going to be lower than 4.3% come 2021

American regulators will scratch their heads when reviewing NG. and the ROE level in the UK. They have the same political pressures.

Cashflow per share forecast set to reduce

[veryniceperson] 27/5/2019 11:38

Becker. How about a Labour, SNP coalition. Just as bad and Scottish MPs running our country. Nationalisation coming our way maybe?

[newbank] 27/5/2019 11:27

Bounty,

I also note that the correlation between Gilts and NG / SSE appear to be widening. Gilts are going up whilst NG/SSE are falling. A direct result of Labour's rhetoric regarding its plans for Nationalisation. Its time Pettigrew:-

1) Listed the US business separately.

2) Commission a legal examination test on the legality of Corbyn's Marxist's intentions to Nationalise the utilities without full Compensation.
2a) To base the value on the current Assets value as it is now £ 40.5 billion may be regarded as fair, rather than the share price being destroyed after Corbyn's rhetoric.
40.5Billion / 3.4 billion shares = £11.91 / share. Debt is the price Labour would have to pay, as it was OFGEM and government policy reiterating that Utilities should accept higher gearing to keep Customer prices low.

3) Start showing where NG's decision to abandon UK highly regulated, low income businesses (like NG Gas Distn businesses which were sold), in preference to invest and concentrate on lower draconian regulatory constraints, lucrative high growth, high revenue businesses. He has had two years since the sale of the Gas Distn businesses, it's now time to see the fruits of that decision.

Ie Its time Pettigrew started earning his corn!

[newbank] 27/5/2019 11:05

Should see a rise in NG tomorrow and Wednesday for two reasons:

1) NG go ex-divi on Thursday so many institutions will want to recieve the final divi of 31.26p in August.

2) NG, in normal circumstances, after a Pro-Brexit vote where Investors want some stability, the demand for secure Blue chip utilities should rise.

HOWEVER,

I wouldn't be surprised if Labour or the media reiterate Labours intention to Nationalise Utilities to keep the price low.

I anticipate on Thursday the stock will open 31.26p lower than the close on Wednesday evening, then it will continue to fall, at least another 1% on top. So IMO drop between Weds close and Thursdays close will be 40p :(