National Grid Share Discussion Threads

[hydrogen economy] 14/11/2019 08:04

CEO sounded pleased with himself
"In the first half of this year we have delivered solid financial performance and continued to deliver strong organic growth at the top end of the 5 to 7% range"
Didn't look so convincing to me, reported numbers all down, adjusted numbers mainly down, underlying numbers mixed. PBT down but underlying after tax profit and EPS "benefitted from a £48 million tax settlement in the US relating to prior periods."

Not great but no disasters

The clean energy announcement (emissions reduction target to net zero by 2050) sounds impressive but as a transmission company they are presumably not major direct emitters.

[saltaire111] 14/11/2019 07:39

Results much better than expected. EPS is actually up!

Salty

[scotches] 12/11/2019 09:21

Even the Russians think Tories have it sewn up 1/33 at Marathonbet despite any of their compatriots efforts to nudge the outcome.



The key price is absolute majority at 4/7 since no obvious coalition partners for Tories. Brexit odds-on to get zero seats.

All the UK political stocks at risk from a trip back to the 1970s with Lab would be safe.

[beckers2008] 11/11/2019 13:00

Bookmaker Coral has slashed the odds on a Conservative majority at the General Election to just 4-7 now following the announcement that the Brexit Party will not contest the 317 seats won by the Conservatives at the last election.

They are now 1-12 (from 1-10) to win the most seats at the election.

“This announcement from the Brexit Party has had a huge impact on the betting for the next election. We have slashed the odds on a Conservative

majority being the result and it's a big boost for Boris,” said Coral's Harry Aitkenhead.

A Labour majority is now out to 25-1 (from 16-1).

“It's a bitter blow for Labour, who would have been counting on the Brexit Party taking more votes from the Conservatives than themselves, and the chances of a majority for them now look slim,” added Aitkenhead.

[utyinv] 11/11/2019 11:25

What will Thursday bring in the way of news?

No doubt Analysts will be asking JP what his strategy is in dealing with the threat of a Labour Gov nationalisation plan.

On top of this, questions will be asked about OFGEM’s penalising ROE for RIIO II.

Time has long been the case for creating value for shareholders by concentrating on a separately listed US business and for NG UK to tell OFGEM, NG is not a charity and if you want quality and security of supply, customers will have to pay for it.

So far, for so long, JP & Co have been digging their heads into the sand. AIMO👍

[1carus] 29/10/2019 12:14

does the fool get anything right?

[1carus] 29/10/2019 11:49

Well, feeling glad my stop kicked in!!! eeek!

[1carus] 28/10/2019 09:50

Tudes, if this is so maybe some turbulent times here. Might look until after ex divi before getting back in.

[1carus] 28/10/2019 09:49

Tudes, if this is so maybe some turbulent times here. Might look until after ex divi before getting back in.

[1carus] 26/10/2019 14:38

Triggered my stop loss at 901... have to see what happens Monday now.

[gateside] 25/10/2019 23:04

Election concerns maybe?

[1carus] 25/10/2019 17:20

What's happened here then

[wilc42] 18/10/2019 16:00

Still 30 min to go. ?

[gutterhead] 18/10/2019 08:56

900p breach significant and would be good to hold it today

[poikka] 13/10/2019 21:21

No doubt, B, or little doubt, anyway.

Had burgers on the brain.

[beckers2008] 13/10/2019 17:48

P,

"His sidekick McDonald is more of a threat" Yeah, continuing the demise of the Labour Party who will lose even more seats at the next election.
A Left Wing Labour led party will never win a general election, never mind with a majority.

[poikka] 13/10/2019 17:31

"if there is a whiff of JC"

His sidekick McDonnell is more of a threat, atm; JC's time is up.

[1carus] 11/10/2019 17:57

ok .. set it 25p less than the close, if they sell I make a small profit on quite a large holding that I have been taking the divi from. I just feel this has a long way to tumble if there is a whiff of JC... and that is still in the air. I can always rebuy at a lower price once that risk abates. I hold lloyds as well which would be a similar target for him, but quite where he is going to get the money to buy all of these companies I dont know.

[1carus] 11/10/2019 16:30

This is welcome.
What stop loss would you set on this now? anyone.

[utyinv] 07/10/2019 20:33

M100,

JP is referring to the System Ops role. It is on the cards since they separated the SO role from the rest of the UK transmission business. It accounts for only £70million of income against a total £2.1billion annually.

Such a move would allow any Left Wing Gov the saving face of Nationalising the National Grid as Joe public only sees National Grid as the body who controls the transmission of power to consumers, ie the SO.

With the amount of profit it brings in (peanuts vs high cost in responsibility for failure to deliver) and the aggravation from Gov and Ofgem wanting something for nothing it is better off being hived off and to see an independent body (nationalised) make a complete hash of it. We might be better off without it.

Currently,National Grid can be fined 10% of its turn over ( turnover greater than £10 billion ie £1billion fine) if Ofgem believe NG are responsible for failing to keep the lights on due to inappropriate operation. Ofgem are Judge and Jury and are heavily influenced by political pressure.

IMV it could be a blessing in disguise. AIMO👍

[m100] 07/10/2019 16:30

National Grid would “absolutely consider” relinquishing its role managing Britain’s electricity system to an independent body if policymakers decided it was the “right thing to do”, according to the company’s chief executive.

John Pettigrew told the Financial Times he would be likely to sit down with the UK government and Ofgem, Britain’s energy regulator, next year to look again at how the country’s electricity system is operated.

More at



(paywalled)

[beckers2008] 02/10/2019 09:40

Yet another investment in the US with a fair ROI over 5 years.
Where is Ofgem investment in the UK. They have no money!

[phillis] 26/9/2019 15:44

general acknowledgement that Corbyn has no chance of making PM judging by the rise