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
  -3.00 -0.33% 900.50 901.20 901.40 904.90 895.00 904.90 5,120,585 16:35:21
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 31,960

National Grid Share Discussion Threads

Showing 7851 to 7872 of 8075 messages
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These are oversold IMO Too many analysts spouting about a subject matter that has no basis other than to justify their ‘Short’. I would happily get rid of the SO element, as it only brings in £70 mil of profit out of the £2.2 billion across the group. Having the SO is a liability too. Any Mal-Op can result in a fine up to 10% of turnover (£1billion). Gov has said they would pay shareholders handsomely to bring the SO under Gov control. Let em have it I say. Once NG are free of any threat like this they will rocket. If Ofgem threaten NG with draconian price controls, NG should challenge them in the courts. If they lose, they should wash their hands of the U.K. business and sell up. NG is not a Charity they are a well run Private Company. See what the U.K. will get if the Chinese own it Too many at Ofgem are bitter socialists. This is clearly evident when listening to comments where some have said in 1990 a utility paid shareholders a bonus. To comment about something that occurred 30 years ago (it wasn’t NG), speaks volumes of the bitterness that some old gits have because they missed out on the privatisation era. What happened 30 years ago with Powergen is nothing to do with NG and we live in a different world today and if Ofgem can’t see it NG should concentrate on businesses that operates outside Ofgem’s regulatory control. NG is NOT a charity and if joe public want a reliable energy system that comes at a cost. Nothing in life is free.
I agree. Let the fools get on with it. You can't do good business with bad people.
minerve 2
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.
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.
Has Blackrock lent out shares as financial instruments to short?
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.
and telegraph today say sell,who is right????
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
Nice to see the divi being unaffected by Covid excuse. Salty
Half Year results for period ended 30 Sept 2020. 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.....
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.
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.
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.
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
dr biotech
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.
C, At least 50%.;url=
What percentage of NG revenue comes from the US?
Thanks, I've been out for quite some time and I've now found that results are due. Good luck
Nearly caught up!! 03/11/20 JP Morgan Buy NG. price target £1,050.
Just catching up!!! Tue, 27th Oct 2020 09:34 BERNSTEIN RAISES NATIONAL GRID PRICE TARGET TO 1,030 (990) PENCE - 'OUTPERFORM'
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