National Grid Share Discussion Threads

[utyinv] 26/6/2020 10:51

Investorchampion,

I never believe some of the stuff printed, especially that coming out of the mouths of those with an agenda.

When NG published results they said there may be a hit of $400 million for US bad debts arising from Covid-19.

This was immediately translated by the Hedge Fund Shysters as $1billion.

Whatever the figures are, I can assure you those that have an agenda will exaggerate the figures to make it appear as dire.

In the US people are getting cheques from the Fed, this is to pay for food, and utility bills not partying. Those who can’t pay mortgages can apply for mortgage holidays.

Give people the idea that they can default without consequences there will be a plethora of non payers. Utility bills are there at the top of priorities as in Maslow’s theorem ie food, Roof , warmth, light, at the top of the list. Holidays, drinking, protesting are not essential expenditures/pastimes.

[wendsworth] 21/6/2020 15:25

KROWELET : Absolutely agree with the sentiments expressed ...particularly having been 'robbed' of a recent Barclays dividend which was pulled right at the last minute. Have switched into NG and SSE recently . Not surprised by the upgrades . More to follow methinks.

bwm2 ; Very pleased with the declared Final Dividend. Well run company. AS they say you cannot go far wrong in a company which consistently reveals 'what it says on the label' ..so to speak.

[bwm2] 19/6/2020 17:32

When the dividend was announced, the time weighted annualised return to the payment date was circa 20%

[beckers2008] 19/6/2020 12:35

19 Jun 2020 UBS Buy - Upgrades from Neutral

[krowelet] 18/6/2020 10:01

JP Morgan Overweight

[bountyhunter] 18/6/2020 08:47

cheers, that seems to have changed, updating header again ;-)

[utyinv] 18/6/2020 08:45

Bounty Ex divi 2nd July 👍

[bountyhunter] 18/6/2020 08:41

header updated

[poikka] 18/6/2020 08:33

Agree with that, Pierre, grateful for any divis, these days.

Been moving some investments into well covered ITs, at least for this year - hmm, and maybe for longer.

[pierre oreilly] 18/6/2020 08:00

I wasn't expecting a Divi increase in these covid dominated times. Well done ng.Also assets up 9%, which I think mean's the UK regulated earnings can increase 9% (assuming regulated assets are up 9%).elec demand has been down recently, which may have affected profits a little. Overall, I'm pleased with the results - getting any Divi these days looks good to me.

[steve c1] 18/6/2020 07:57

I have a smallish holding here but have always been concerned about government policy. Does anyone know what starmers labour policy is on utilities? Unlike corbyn i think he has a very good chance of becoming the next pm.

[utyinv] 18/6/2020 07:53

👍
Good results, 32p Final divi.

Impairments of £400m expected due to covid-19, mainly in US. So IMV interims in Jan might be slightly less than expected. But NG are very good at recovering potential losses.

[ygor705] 18/6/2020 07:42

Solid looking numbers here and the increased dividend should be well received by the market.

[skinny] 18/6/2020 07:28

Bountyhunter, could you correct the header please.

.

[bountyhunter] 18/6/2020 07:19

Agreed, with a recommended final dividend to bring full year dividend to 48.57p, up 2.6%, in line with policy

[coxsmn] 18/6/2020 07:05

Good results and dividend hike 2.6%.

[coxsmn] 17/6/2020 18:09

Hopefully a good day in the office here tomorrow.

[utyinv] 13/6/2020 09:08

Results on Thursday 18th June. 🤞

Ex-divi 2nd July

Divi paid 19th Aug

[utyinv] 02/6/2020 14:33

Pierre / Beckers,

Totally agree with your sentiments. Ofgem are trying to be seen as the customer friend but in reality they are making decisions that will jeopardise security of supply and in the long run could cost customers dearly. We need a level playing field where profit and investments are not regarded as dirty words. To promote investment, there has to be a reasonable return otherwise why bother investing at all. We are not a charity.

[beckers2008] 02/6/2020 10:54

PO,

Totally agree and understand the techicalities of supply/demand and consequential associated costs.
All the more reason why OFGEM should reward NG. with an acceptable ROI %!
They are penalising NG. at every turn and driving investment out of the UK into the arms of the USA and this will continue, hopefully on an increasing basis.

[pierre oreilly] 02/6/2020 10:23

Beckers, not sure if you follow the causes and effects of powercuts, but recently another unappreciated problem specific to solar was indicated (This is in addition to the very well known problems of intermittency and the very expensive measures ng has to take to handle it).

It's becoming clear that generation embedded in local networks (i.e. home solar) is becoming a factor in severity of power cuts, should one occur. It's probably been unappreciated due to the low penetration of local network solar, but the disconnection of home solar from the local grid on any disturbance with possible reconnection a few minutes later presents new problems in reconnection to the hv grid (probably due to net demand being more than expected due to the non availability at reconnection of the embedded solar. It's a new phenomenum, still being investigated afaiia, which ng will get a solution for one way or the other, but that solution will come at additional cost of course.

Yet a further problem is that currently, at times, there's a danger of pure intermittent supply (basically uncontrollable wind plus solar) can be greater than the current low demand. The solution appears to be to simply instruct some solar and or wind to disconnect from the network/grid to protect the integrity of the whole grid - again, these are measures with very expensive consequences for consumers. I hope you're not under the impression that wind/solar is cheap, let alone free. Once the measures necessary to handle solar and wind are taken into account, they are very expensive indeed.