Share Name Share Symbol Market Type Share ISIN Share Description
National Grid Plc LSE:NG. London Ordinary Share GB00BDR05C01 ORD 12 204/473P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.20 0.47% 902.30 899.10 899.30 903.00 894.40 899.90 7,051,145 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 14,540.0 1,754.0 36.5 24.7 32,024

National Grid Share Discussion Threads

Showing 7826 to 7849 of 8075 messages
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I read a book on trade agreements/subsidies/market bending rules and it had a very good argument as to why those things lead to situations like the uk selling the Saudis sand, and them selling us rainwater. How often would the england and wales have a surplus of electricity at the same time as europe wanted some more? On a windy summer's day or night we could have an excess, but in general europe with their nukes always has plenty. When i had access to the data from the french interconnector some years ago, we imported most of the time at the maximum rate - the se had a deficit of electricity and the french nukes helped satisfy it. A trade agreement would probably bend the common sense and have us exporting at times when we are short to a country which already has an excess, at least according to the book. But that is sort of to be expected from eu negotiations. And we'd continue the situation where a mile off the lincolnshire coast our fishermen are not allowed to fish, it being reserved for the dutch or french boats.
pierre oreilly
A Good bet for Today? Mr Barnier was said to be working on a trade-off involving Britain’s access to the EU’s energy market in a bid to secure concessions from Downing Street on fisheries. Christophe Hansen, a senior Brexit envoy for the European Parliament, said the UK could be given preferential access to deliver energy to the bloc in return for more generous terms for European trawlermen. The Luxembourg MEP told “The UK in the future wants to be able to deliver to the EU’s energy market and we want to maintain the status quo for our fishermen. “The UK could grant access to its fishing waters and on the other hand be granted access to the EU’s energy market – those are compromises we could make, both the UK and EU have strengths and weaknesses and that’s why we want to discuss everything together.”
BP, Eni, Equinor, Shell and Total team up to develop North Sea carbon capture infrastructure.
Yanks again. Bare in mind there is only four hours between London and New York this week (yanks change next Sun). Just look what happened to the share price after 1:30pm U.K. time
Cannot find the article think it was the Monday / Sunday just gone claims OFGEM are now happy that they have received all the responses they requested from NG and that they want to reach an agreement for the new price settlement. The article also said the Court case win by the water companies against OFGEM would have an impact because OFGEM had bench marked the water companies returns when calculating the proposed Power Companies returns. Having lost one Court case the onus is now on OFGEM not loosing another one and ideally reaching a settlement that prevents the need to go to Court.Even if they want to continue to play hard ball they could not ignore the impact of the Court so an uplift on the July proposal one would assume will happen.
"For National Grid, the utilities team expect regulator Ofgem’s final determination in December to “outline more favourable conditions compared to July’s draft determination and our upside case could lead to a significant re-rating”. National Grid’s target price is 1,050p, offering about 10% upside.For National Grid, the utilities team expect regulator Ofgem’s final determination in December to “outline more favourable conditions compared to July’s draft determination and our upside case could lead to a significant re-rating”. National Grid’s target price is 1,050p, offering about 10% upside." Https://
This is safe money in difficult times with the dividend. Only going up from here to get back where it should be.
Equinor-led blue hydrogen/CCS project enters next development phase with bid for UK funding. A consortium including Equinor, SSE, Uniper, Centrica, National Grid, Mitsubishi and British Steel has applied for a UK government grant of up to £20m ($25.8m) to progress work on a major carbon capture and storage (CCS) project that would include Europe’s first commercial-scale blue-hydrogen plant.
CMA released its decision on water company price appeals today which will impact NG - higher allowed rate of return. Good news
Positive report in Tempus (The Times) today : National Grid National Grid shareholders listening to its top brass recently might well be worried (Emily Gosden writes). The utility group has painted a dire picture of the “unacceptable” regulatory settlement it faces in the UK, in which Ofgem proposes steep curbs on both the amount it can invest at consumers’ expense, and the profits it can earn for doing so. National Grid claims that the proposals offer an “inadequate return for investors”. “The message to investors will be to invest overseas or in the UK water rather than energy sector,” it said. So are things as bad as the company claims — and if so, should investors indeed take fright? National Grid operates the national networks of electricity cables in England and Wales, and gas pipelines across Britain. Like other monopoly network companies, its revenues for this role come from levies on energy bills and are regulated by Ofgem through multi-year “price control” settlements. The last, eight-year settlement proved so generous that even the companies admitted returns needed to come down in the five-year price control from 2021. However, when draft plans were unveiled by Ofgem in July, the networks — and the market — appeared surprised by how far it had gone in the other direction. Ofgem proposed almost halving returns to 3.95 per cent and roughly halving National Grid’s upfront investment allowances, to about £5 billion. The company’s shares fell and John Pettigrew, chief executive, has claimed that the proposals raise the risk of blackouts, jeopardise Britain’s climate ambitions and will leave the nation struggling to attract investment. Certainly Ofgem has got tough — and plenty of analysts agree that the settlement is harsher than expected — but some of National Grid’s warnings should be taken with a pinch of salt. It made the same claims over blackouts before the previous price control, only to fail to spend all the money it was allocated for network resilience. Its managers are playing every card in the book to try to boost returns to shareholders. Ofgem has made clear that it is open to evidence and it seems likely that it may approve some more spending on network resilience by the final determination in December but it appears less likely that it will relent on returns. If Ofgem doesn’t budge substantially on either point, companies are expected to appeal to the Competition and Markets Authority. Still no dice? Even then, it’s not the disaster it might sound. First, the UK business is only one half of National Grid. It already has a very substantial regulated networks business in the United States, where it is investing more than it is in the UK. When it talks about more attractive investment opportunities outside the UK, it is well placed to exploit those. And a potential Joe Biden victory with a promise to boost green energy investment could further increase its opportunities. Second, even in the worst case scenario for National Grid in the UK, in which Ofgem’s draft proposals stand, analysts at Bernstein research say that they expect it to be able to “comfortably maintain its dividend growth policy”. It aims to increase its payout at least in line with RPI inflation “each year for the foreseeable future”. With shares up 13½p to 850p yesterday, they are yielding a healthy 5.7 per cent. In the current climate, when the pandemic is forcing others to curb payouts, that’s an attractive prospect. Of course, National Grid is seeing short-term costs from Covid-19 but it expects to be able to recoup these through the regulatory system in coming years. That is another reason why, despite all the protestations over the Ofgem price control, the company looks attractive. ADVICE Buy WHY Short-term noise obscures attraction of low-risk long-term business and healthy dividend
NG. have said that some of OFGEM's proposals are 'unacceptable' this is absolute. If OFGEM don't blink, NG will not comply. OFGEM can not force NG. to do what they want. I see NG. selling the license business. It's a no-brainer, when not if they do, the share price will appreciate materially.
Its simple guys - if you set up an organisation, that isn't subject to competition, then that organisation will find something to do; none of these guys have heard of a P45!
Pierre, I totally agree. Those employees that get those mega salaries and shares are the likes of the CEO who would get those benefits whatever the situation was. Look at Lloyds CEO. The mass employees are only allowed £125/month SIP (buying shares free of income tax and at current market value) or in a sharesave where they save from their gross salary anything between £10 and £500 per month, to buy shares at the end of three or five years time (or take the cash - if shares are lower than the option price). This is no different to any company that runs these schemes. A lot of employees cannot afford to save in sharesaves and those that do invariably save far less than the maximum. NG is being vilified by Ofgem to make them look good ( look how good we are everyone in screwing NG), in face of the dire situation some of Joe Public finds itself in. Ofgem was created to oversee the regulated businesses, to ensure there wasn’t any gaming and promote competition but at the same time allow the Companies to make a profit which is needed if you are going to run a successful business where capital is needed for future infrastructure. You don’t attract investors money if you screw shareholders. Ofgem have got ahead of themself’s and have forgotten what they are about.
The idea of splitting up the cegb was to introduce competition and let market forces produce the most efficient electricity at competitive prices. While ngc doesn't really fit into the competitive framework, neither should it be treated as if it were ripping off the public at every chance it got with half the employees getting million plus salaries and million plus bonuses. Those that do and do have those employee rewards are simply left alone, competition and all that. Boris should step in and regain some businesslike tory policies and eliminate left wing punitive policies seemingly designed to destroy the central part of the world's best electricity supply industry. No wonder ofgem costs a lot, it's stuffed full of 4k per day management consultants.
pierre oreilly
Newbank, Couldn’t agree more. It’s time NG stopped rolling over to Ofgems unfounded decisions. It’s obvious that the pen pushers at Ofgem haven’t a clue how to run a successful business that is sustainable and well run. Make me laugh if NG does sell the U.K. licensed business and the industry does suffer power cuts, it might be the end of Ofgem, a bureaucratic costly office which costs £millions to run.
OFGEM playing hardball but also unrealistic with its expectations. Its proposals for RIIO II is draconian expecting a baseline rate of return from 7-8% down to 3.95%. It (OFGEM) sites its case on current economic conditions but RIIO is for the next five years (2021 - 2026) and with Covid-19 and Brexit causing an issue with market sentiment, next year could be a whole different ball game. In fact, with all the money spent on furlough don't be surprised to see inflation hit 5+%. So where would that leave National Grid? IMO I believe OFGEM thinks National Grid is a Charity or Nationalised industry. It is not! It was sold off in 1990 for a fair price at the time. Shareholders expect a return on their investments and if OFGEM aren't going to allow National Grid to invest to improve the 'System' then OFGEM can't expect National Grid to be responsible for power cuts (which would cost the 'City' many many £billions). If you want a reliable and secure 'System' the public will have to pay for it. Despite lockdown many people were still getting salaries, doing nothing at home (nothing because those furloughed were not allowed to undertake company business at home whilst being furloughed). That money was there to pay for essentials, ie Mortgage, Utility Bills and Food. Everything else is a luxury. If OFGEM don't relent in its draconian deliberations then National Grid should sell the UK Licensed business to any foreign company that comes along and concentrate on the US business and unlicensed businesses in the UK. That might bode well for the future because if there is a future Labour Government they would find it difficult to bully a Major Chinese Company or French Company in trying to Nationalise the Industry without paying FULL market price. If December doesn't deliver a good result for National Grid, then Grid should stick their middle finger up to OFGEM, sell and concentrate in the US, where there is a different mentality to business, an open playing field and philosophy. National Grid one of the last British owned Energy Utilities; if it was sold off then OFGEM can be proud of itself for destroying a fantastic and successful British owned Energy business. Expect a lot of volatility through to December.
Bought a few today and will build position on further falls. Clearly the share price reflects prospects of a dividend cut but investors need income and even a meaningful reduction will still leave a decent dividend. Additionally a cut is by no means certain, particularly given that the US regulatory environment is very different to the UK's. I suspect the market is anticipating a worse outcome than we may well get so risk/reward balance has tempted me in.
cousin jack
Not far off year lows
Yanks manipulating markets again
Growthpotential Energy transmission, not distribution unless talking about the US business. :)
A key company in the current and future energy distribution network
keep up, that's already happened
Covid-19 data to hit markets this week IMO dyor
Pierre, Did you listen into the Ofgem conference call? In a nutshell, the main presenter said they made a number of assumptions about National Grid because the information that OFGEM had requested from all the Utilities wasn’t provided by National Grid???? The presenter even said “we asked National Grid for some clarification and they did not deliver on our request”. Now I know that NG has an office that deals with submitting info to OFGEM and are required to have regular dialog when OFGEM are determining a review. So have NG been sitting on their hands? Has someone done a terrible job? Or is Ofgem being extremely insensitive by assuming the answers to their questions are easily obtainable when many office workers were working from home? But in any case, if they hadn’t had sufficient information to determine a realistic proposal they shouldn’t have made assumptions that they knew would destroy the share price. In the QA section, analyst after analyst questioned why NG were singled out in comparison to say SSE. Ofgem responded by saying we made assumptions because they didn’t submit answers to our questions. One analyst at the back end of the QA session apologised for being late into the QA , but went on to say he was late because he was trying to get his head around the hundred plus pages of the report and looking at how the markets have reacted. He actually said “is it fair to make negative assumptions that have had such a catastrophic effect on NG’s share price”? The Presenter was shocked by the comment as he thought that OFGEM’s stance was a vote winner and he wasn’t expecting critics of NG to come to NG’s defence, highlighting the biased and negative way Ofgem have treated NG.
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