National Grid Share Discussion Threads

[beckers2008] 26/11/2020 10:52

M,
Don't bother appealing.
Give OFGEM notice of formal unacceptance and put that part of the UK business up for sale. I'm sure the Chinese will stump up the cash which NG can be invest in the USA.

[mark1000] 26/11/2020 10:08

Xdiv today explains most of the fall but it looks at this moment Tempus was correct. I think we are in for a few weeks underperformance while we await the decision on the future returns if good back to the 9.50 + if bad we will appeal but the share will remain in the 8.00's or lower while we await the final decision.

[newbank] 24/11/2020 12:41

Has Blackrock lent out shares as financial instruments to short?

[utyinv] 18/11/2020 16:01

The article is very much wrong and without facts. National Grid is happy to separate out the SO function as it only provides £70million of profits per annum of the £2.2 billion.

The Government are happy to compensate NG to bring the SO into Government hands and have expressed a willingness to compensate shareholders handsomely.

The regulatory review due to announce its final decision in December will be more favourable than the derisory preliminary statement issued in July. This is because Ofgem stated they hadn’t received the information requested from NG. This was refuted by NG and Ofgem have since acknowledged their error.

[lippy4] 17/11/2020 22:55

and telegraph today say sell,who is right????

[energeticbacker] 13/11/2020 12:25

This week sees another of Investor’s Champion’s Income Booster stocks reinstate its dividend, along with positive trading reports from several of their other dividend picks. #ba. #dlg #land #ng

[saltaire111] 12/11/2020 07:53

Nice to see the divi being unaffected by Covid excuse.

Salty

[skinny] 12/11/2020 07:10

.

Highlights

-- Delivered safe, reliable networks throughout the COVID-19 pandemic
-- Submitted comprehensive response to Ofgem RIIO-2 draft determination consultation
-- Progressed a way forward on addressing downstate New York gas supply constraints
-- Published our first Responsible Business Charter, setting updated ESG targets for 2030
-- Continued positive discussions with NY PSC on new rates for KEDNY-KEDLI
-- Filed for new rates for Niagara Mohawk
-- Filing for Massachusetts Gas on 13 November
-- Construction of three interconnectors remains on track
Financial Performance

-- Underlying operating profit down 12% to GBP1.1bn
-- Statutory operating profit up 13% to GBP1.1bn
-- Underlying EPS down 14% to 17.2p reflecting higher COVID-19 related costs including US bad debts, storm costs, partly offset by improved UK Gas Transmission and US revenues

-- Statutory EPS of 17.1p, up 51% reflecting mark-to-market remeasurement gains
-- Capital investment of GBP2.6bn down 6%; stronger investment offset by the non-recurrence of Geronimo acquisition

-- Interim dividend 17.0p/share in line with policy (16.57p/share in prior period)
-- FY21 outlook: assumed COVID-19 underlying operating profit impact of approximately GBP400m

more.....

[mark1000] 09/11/2020 14:19

How do they play the results my guess is that they are going to make sure that they emphasise the superior US business returns in comparison to the UK. They obviously will want to keep the investors on side but their real target will be to set out for a potential OFGEM appeal that UK business is making satisfactory but not exceptional returns. They should highlight the Capital invested and their ambitions going forward in light of Government policy to grow Capex none of which can be acheived on the cheap.

[newbank] 08/11/2020 14:12

Uty,

In addition to your post,

If the regulator improves on its interim deliberations on RIIO II (final decision due December), this will be an added boost to an already bullied business which is being vilified by Ofgem's pen-pushing bureaucrats. They only paid hard-ball with NG because they were criticised and was asked what does the Office do for the £millions that it costs to run Ofgem, paid for by the Companies Ofgem is regulating, ironic I know.

Ofgem have said that the draconian measures initially announced at the Preliminary decision in July was due to missing data from NG. NG had refuted that accusation and Ofgem have subsequently now agreed that they are in possession of all the information that they had requested.

[utyinv] 08/11/2020 13:59

Interim results on Thursday, and despite Covid-19 when the majority of businesses are in dire straits and cancelling dividends, the fact that NG is still paying a dividend is testament to their resilience. Also, if the ESO are separated from NG ( it’s already ring fenced as a separate Co), if Labour ever get into power, Nationalising NG will be a ‘no-no’ from the start as the ESO will already be Nationalised.

[utyinv] 08/11/2020 13:51

Dr Biotech,

Old news and a little creative writing by the correspondent writing the article.

Being very close to the industry, I even questioned the validity of the ESO remaining part of NG with JP himself!

He acknowledged that the ESO only contributes £70miliion of revenue of the £ many billions that NG bring in. However, the regulator is too quick to punish NG if there are power cuts even though at Privatisation it was written in law that NG cannot be responsible for power cuts due to a lack of generation and if there is not the right mix of power available on the system, ie, primary and secondary response is limited if there is too much wind power on the system and a lack of quick response generation ( pumped storage, fossil fuel and new tech battery storage, the latter in its infancy relatively speaking).

However, the fine that the regulator can impose on NG if they are deemed responsible for power cuts due to proven incompetence is 10% of turnover. This could mean a fine up to £1billion.

By concentrating on the transmission business in the U.K., the US business (51%), the interconnected business and ventures ( which is big in the US with Many Cos including Geronimo)and letting go of the ESO business (for appropriate compensation), might just release the shackles on NG, resulting in a possible surge in share price

[utyinv] 07/11/2020 16:48

It’s fair to mention that before Trump won the election in 2016, NG were £12.40

When Trump came into power he exerted pressure on the Fed to reduce interest rates and as NG work similar to gilts the share price dropped significantly.

[beckers2008] 07/11/2020 15:23

C,

At least 50%.

[coxsmn] 07/11/2020 08:34

What percentage of NG revenue comes from the US?

[gbh2] 04/11/2020 10:44

Thanks, I've been out for quite some time and I've now found that results are due.
Good luck

[beckers2008] 04/11/2020 10:22

Nearly caught up!!

03/11/20

JP Morgan Buy NG. price target £1,050.

[beckers2008] 01/11/2020 14:52

Just catching up!!!

Tue, 27th Oct 2020 09:34

BERNSTEIN RAISES NATIONAL GRID PRICE TARGET TO 1,030 (990) PENCE - 'OUTPERFORM'

[pierre oreilly] 28/10/2020 16:52

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.

[doggle] 28/10/2020 15:38

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 Express.co.uk: “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.”